Description

• If RSI crosses RSI Average in upward direction by or more than the specified percentage then a Buy signal is generated then Buy signal is plotted
• If RSI crosses RSI Average in downward in downward direction by or more than the specified percentage then a Buy signal is generated then Sell signal is plotted

Interpretation

• Upward crossover is a positive crossover wherein a buy trade can be executed
• Downward crossover is a negative crossover wherein a sell trade can be executed

Default Parameters Used/Inputs

• Input Line
• RSI Bars
• Average Type
• Average Bars
• Crossing Percentage

Returns/Output

Buy and Sell Signals

Formula

RSI Avg= Moving Average (RSI, avgType, avgBar)