Simple RSI strategy for Binary Option
Expiration Time - 1-2 candles
Expiration Time - 1-2 candles
study(title="[AS] RSI", shorttitle="[AS] RSI", overlay=true) src = close, len = input(14, minval=1, title="Length") up = rma(max(change(src), 0), len) down = rma(-min(change(src), 0), len) rsi = down == 0 ? 100 : up == 0 ? 0 : 100 - (100 / (1 + up / down)) isCall() => rsi > 30 and rsi[1] < 30 isPut() => rsi < 70 and rsi[1] > 70 b_color = (isPut() ? red : isCall() ? green : na) bgcolor(b_color)