Included

The RSI (Relative Strength Index) is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset.
The RSI is displayed as an oscillator (a line graph that moves between two extremes) and can have a reading from 0 to 100.
The indicator was originally developed by J. Welles Wilder Jr. and introduced in his seminal 1978 book, “New Concepts in Technical Trading Systems.”

Our version includes a BB Squeeze and displaced EMA of the RSI.

More information on Investopedia

The RSI indicator is part of the AT Framework Package and is not sold separately.

RSI settings

Alerts

  • When the RSI crosses it’s EMA
  • When the RSI bounces off from approximately 50
  • When the RSI crosses 50
  • When the RSI crosses 80 from above or 20 from below

Signals

Strong LongWhen “Show RSI Bounce” is checked and occurs
OR when EMA = 0 and RSI is rising and above 50
OR when RSI crosses the EMA from below
OR when RSI is above the EMA and above 50
OR when RSI crosses 20 from below
Weak LongWhen EMA = 0 and RSI is falling and above 50
OR when RSI is above the EMA and below 50
NoneWhen none of the other conditions are valid
Weak ShortWhen EMA = 0 and RSI is rising and below 50
OR when RSI is below the EMA and above 50
Strong ShortWhen “Show RSI Bounce” is checked and occurs
OR when EMA = 0 and RSI is falling and below 50
OR when RSI crosses the EMA from above
OR when RSI is below the EMA and below 50
OR when RSI crosses 80 from above

Settings

RSI PeriodThe number of bars to evaluate the RSI
EMA of RSIThe period for an EMA of the RSI
Displace EMAThe number of bars to shift the EMA forwards
Squeeze periodThe period for an optional BB Squeeze, i.e. when the Bollinger is inside the Keltner Channel
Show RSI bounceShow a red or green mark on the 50 line when the RSI moves out of the 40-60 zone after being in it for a few bars
Color barsColor the bars green when RSI is above 60 and red when RSI is below 40, otherwise the bars are colored silver
Color RSI lineColor the RSI line red or green based on above or below 50 and above or below the EMA
Show backgroundShow a red or green background when the RSI crosses the EMA
Lines & PlotsThe visual appearance of all the available plots and lines.
The RSI is automatically colored green or red when the EMA=0 and RSI is above or below 50, OR when the RSI is also above or below the EMA.
The BB Squeeze is plotted on the 50 line