RSI

The RSI (Relative Strength Index) is one of the most popular technical analysis indicators and is used to measure the strength or the weakness of an asset's price over a given period of time.

The RSI is a momentum indicator developed by J. Welles Wilder and ranges on a scale of 0 to 100.

His main purpose is to identify conditions of either overbought or eversold, which may indicate a reversal of the trend or a consolidation of price.

The RSI indicator compares the absolute value of the price increase for a given period of time with its level of decline for the same period. The result of the calculation is shown in the form of a curve on the chart, with values ranging from 0% to 100%.

INDEX

• Parameters
• General
  • Input
  • Lenght
  • Levels
  • Overbought value
  • Oversold value
  • Overbought / Oversold color
  • Line width
• Series

Parameters

• General

• Input

Defines which database to use for calculating the indicator, specifically you can choose between: maximum, minimum, opening and closing. 

• Lenght

Period used for calculation.

• Levels

• Overbought value

Allows you to set the value of the overbought level.

• Oversold value

Allows you to set the oversold level value.

• Overbought / Oversold color

Allows you to set the color of overbought and oversold levels.

• Line width

Allows you to set the thickness of the layers.

Series

In the Series section you can set the colors and style of the indicator.