Ask questions and post answers for this indicator - Discuss - collaborate - post charts and templates
28/05/2010 19:16:10
Tom Leeson
Administrator
Posts: 661
|
A new red dot means that the RSI Extreme Overbought Condition has been met or exceeded (configurable)
A bar will be painted red on the first signal occurrence.
A new Green dot means that the RSI Extreme Overbought Condition has been met or exceeded (configurable)
A bar will be painted red on the first signal occurrence
Signals will continue all the time signal is repeated -this depends on your signal mode - i find that in a trending market or breakout/breakdown the RSI will continuely fire- but then it will stop and that may actually be the best point of entry...it all depends on context...
Signal Parameter - SignalMode 1 will stop repeated signals and only fire when the condition is met first etc
You can take the signal or use in combinaton as part of a more sophisticated trading system.
You can tune the indicator by using the Strategy and backtest it as a system on its own - then use the tuned settings for the indicator without the strategy tradig it. :-)
edited by tom on 28/05/2010
--
MicroTrends tom
|
|
0
• permalink
|
Powered by AspNetForum 7.0.1.0
© 2006-2011 Jitbit Software