6:39 AM
RSI In-Cross OB OS Levels Arrow

DESCRIPTION: RSI In-Cross OB OS Levels Arrow is an indicator that show BUY arrows in the chart whenever the RSI line (Period=4) is crossing (has crossed) the oversold level (OS=18) upward and show SELL arrows whenever the RSI line is crossing (has crossed) the overbought level (OB=82) downward. This arrow is with Sound Alert, Email and Push_Notification Alerts.


TIMEFRAME & EXPIRY: The Time-frame used in this example was M5 and the Expiry was 5 candles.

  

INDICATOR's PARAMETERS:
[~] QuantBars: Number of bars to be calculated by the indicator.
#### RSI Settings ####
[~] RSI_Period: 
RSI period, (ex: 4)
[~] Apply_to: Price type in which RSI will apply to, (ex: Close price)
[~] RSI_Overbought_Level: RSI cross this level downward ==> SELL Arrow.
[~] RSI_Oversold_Level: RSI cross this level upward ==> BUY Arrow.
#### Arrow Settings ####
[~] ArrowType: 
 On_Current_Candle: The arrow will show up as soon as RSI line crosses the OB/OS level while the candle is still forming (The signals repaint sometimes because of the current RSI movement). On_Next_Candle: The arrow will show up only at the start of the new candle after confirmed RSI cross by the end of the previous candle (The signals do not repaint, because the cross is confirmed by the fixed RSI value at the end of the previous candle).
[~] Expiry: Arrows expiry time calculated by number of bars.
[~] ArrowsDisplacement: Distance between the price and the arrows.
[~] ArrowsUpCode: BUY Arrows Symbol.
[~] ArrowsDnCode: SELL Arrows Symbol.
[~] Show_WinLoss_Symbols: Enable/Disable showing the WIN/LOSS symbols in the chart.
#### Arrow Settings ####
[~] Send_Email:
Send Alerts to email.
[~] Audible_Alerts: Sound Alerts on the chart.
[~] Push_Notifications: Send Alerts to Mobile.

------------------------------------------------------------------------



Thanks for your support. Regards, Hicham Benkaihoul

------------------------------------------------------------------------

DOWNLOAD: RSI_In-Cross_OB_OS_Levels_Arrow.ex4

Category: BUY/SELL Arrow Indicators | Views: 147 | Added by: Binary-Hacker | Rating: 5.0/1
Total comments: 2
avatar
0
1 jhmedina73 • 12:04 PM, 2018-07-15
Hi,

What is the difference between "RSI In-Cross" and "RSI Out-Cross".... I have been analyzing both indicators and I can not find the differences.

Thanks!
avatar
0
2 Binary-Hacker • 7:23 PM, 2018-07-15
Hi Jhemedina73,

The difference is that
  • "RSI In-Cross" :
  •    Send BUY signals when the RSI line is crossing (In an Upward direction) the Oversold Level 18.
  •    Send SELL signals when the RSI line is crossing (In an Downward direction) the Overbought Level 82.

and
  • "RSI Out-Cross":
  •    Send BUY signals when the RSI line is crossing (In an Downward direction) the Oversold Level 18.
  •    Send SELL signals when the RSI line is crossing (In an Upward direction) the Overbought Level 82.


Best regards,
Hicham.
avatar