RSI Peak & Bottom

RSI Peak & Bottom

The peak/bottom could show the top level of RSI. When rsi passed the top/bottom value it indicated a buy/sell signal.

It can show the signal earlier but still need some filter, so this method could be combined with others indicator as a filter.

The red arrow is the peak and the Yellow arrow is the bottom.

I want to plot all of the peak/bottoms towards then we will get any level at the peak/bottom. and when rsi crosses the peak/bottom line, the level will be terminated 1 candle after crossing.

the calculating & plotting of others level will be continued until rsi crossing the level again.

 

Recommendations:

  • Use This RSI levels as a Signal
  • Combine with other indicators as a filter
Register to download