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RSI tells you oversold and overbought levels, but how can you handle with trending markets with RSI? Solution is CFX Adaptive RSI that recalculate oversold and overbought levels according to a moving average.
Indicator parameters:
– RSIPeriod: Period of RSI.
– Sensibility: high value means that indicator will be more sensible to trending market. Low value means that indicator will be less sensible to trending market.
– MAPeriod: Period of the moving average
– TotalHistory: number of candles indicator is calculated and drawn (MAX 1000).
Default parameters are 14,3,50,400.
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