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MoriFX
Dec 15, 2020 2:30 PM
RSI_OverValue with Engulfing candle
OANDA:EURUSD
240
EUR/USD
OANDA
Description
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Dec 15, 2020 2:30 PM
This script detects potential trend reverse and Buy or Sell spots.
It works with finding overvalued RSI and Engulfing candle after that and plotting "Buy" or "Sell" signal on price chart.
* Users can change RSI values easily from setting.
Enjoy
Relative Strength Index (RSI)
Trend Analysis
rsi_overbought
rsi_oversold
Engulfing Candle
reversalpattern
Comments
traderharikrishna
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Apr 1, 2022 3:19 AM
Add ADX filter to filter false signals. Convert to a strategy and do a back test. It works with good results
MoriFX
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Apr 3, 2022 8:22 AM
@traderharikrishna
, Enjoy that
denzrai999
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Feb 4, 2021 5:22 PM
Too gud tools. The best i have seen in RSI till now
MoriFX
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Dec 4, 2021 1:48 PM
@denzrai999
, Cheers, Enjoy
dreamitbighaji
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Jan 10, 2021 1:06 AM
Very Nice work, great tool
MoriFX
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Dec 4, 2021 1:49 PM
@dreamitbighaji
, Thank you
mosafer
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Dec 27, 2020 1:29 PM
Great Start, keep it up Bro
MoriFX
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Dec 15, 2020 2:32 PM
It's my first Script in trading career and I am really exciting about how much it could be useful.
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