Relative Strength Index
Pine Script®
The Relative Strength Index (RSI) is a momentum indicator that measures how fast and how much the currency pair’s price changes in a specific time period. It provides traders with overbought and oversold market conditions by providing values ranging from 0 to 100.
A bullish divergence can be identified with RSI when the currency pair price makes higher lows, and RSI makes lower lows.
A bearish divergence can be identified with RSI when the currency pair makes higher highs and RSI makes lower highs.
Note
80% from entry
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.