Auto RSI

Auto RSI automatically defines the most efficient period, during which the accuracy of the signals on a given chart is at its highest. Period efficiency and signal accuracy values are displayed in the upper left corner of a price chart. Depending on a symbol and time period, the accuracy of the indicator signals can reach 90%. The indicator period is calculated using overbought/oversold levels set in the inputs. After the most efficient period is found for RSI, the indicator itself is constructed. Buy and sell signals are also displayed on a price chart.

Features

• Auto detection of the best RSI period in terms of the highest signal accuracy;
• Editable overbought/oversold areas;
• Buy/sell arrows;
• Text and audio signal alerts;
• Editable indicator and level line color and type;
• Support for 4 and 5-digit quotes.

Inputs

• applied_price (default=PRICE_CLOSE) - price used for the indicator calculations;
• level1 (default=30) - oversold level;
• level2 (default=70) - overbought level;
• period_min (default=2) - minimum indicator period;
• period_max (default=100) - maximum indicator period;
• Show_Arrows (default=true) - enable/disable buy and sell signals on a price chart;
• UseSound (default=true) - enable/disable audio alerts when buy or sell signals appear;
• Usealert (default=true) - enable/disable text alerts when buy or sell signals appear.