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 Long | When “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 Long | When EMA = 0 and RSI is falling and above 50 OR when RSI is above the EMA and below 50 |
| None | When none of the other conditions are valid |
| Weak Short | When EMA = 0 and RSI is rising and below 50 OR when RSI is below the EMA and above 50 |
| Strong Short | When “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 Period | The number of bars to evaluate the RSI |
| EMA of RSI | The period for an EMA of the RSI |
| Displace EMA | The number of bars to shift the EMA forwards |
| Squeeze period | The period for an optional BB Squeeze, i.e. when the Bollinger is inside the Keltner Channel |
| Show RSI bounce | Show 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 bars | Color the bars green when RSI is above 60 and red when RSI is below 40, otherwise the bars are colored silver |
| Color RSI line | Color the RSI line red or green based on above or below 50 and above or below the EMA |
| Show background | Show a red or green background when the RSI crosses the EMA |
| Lines & Plots | The 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 |
