Mirai RSI

The RSI extended to the future.

This indicator draws the right side from present of RSI.

The formula is as follows:

If we draw RSI with Period=100, we already know 99% of the elements of the next bar.

We only do not know the last 1% which is the close price from present bar to calculate next bar.

So, we can see 99% accurate number of the next bar. And so on for the next bars.

Then after 50 bars it will be less than 50% accuracy and the 100th ahead will be same with the present price with 0% accuracy.

Longer period will be more reliable for same X number of future bars.

Parameters

• RSIPeriod - RSI Period, the number of bars used for the indicator calculations. Integer value.
• alertON - alert will be on if true and RSI goes over/under the set level below. False - disable.
• EmailON - email will be sent if true and RSI goes over/under the set level below. False - disable.
• LevelOver - upper level setting for alert/email
• LevelUnder - lower level setting for alert/email
• TargetShift - how many bars ahead the trigger will hit the alert/email. Integer value.
• LocalTimeMode - time on the alert and/or email. True: Local, False: Server.