This strategy is commonly used both in forex and stock markets for reversal trading. when the rsi line reaches and crosses simultaneously at 3 rsi setups i.e at 7, 14, and 21, a signal is generated. This strategy works best in 1-hour timeframe. It provides over 60 to 80 percent accuracy in 1-hour timeframe. In the stock market, this strategy provides an...
This simple combination of 3 different RSI can help you to find a good entry or exit point. Default RSI's are: 5, 13, 50. You can simple change them on values you like to use more. For buy the background color will change into green and for sell, red. Play around and find the best settings that fits your trading setup. Check out also my other indicators. ...
Triple RSI (Relative Strength Index) in one script for a better view and a better analysis of the chart Values and colors can be adjusted Enjoy! @ Zekis