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RSI Local Trend
A simple indicator using two RSIs.
Conditions for buy:
RSI(slow) < RSI(fast) and RSI(slow) < long_trigger
Conditions for sell:
RSI(slow) > RSI(fast) and RSI(slow) > short_trigger
It is recommended to use in small timeframes for scalping.
Recommended settings:
slow = 3
fast = 14
long_trigger = 30
short_trigger = 70
In markets where there is very high volatility, it is recommended to change the trigger parameters:
long_trigger = 20
short_trigger = 80
Conditions for buy:
RSI(slow) < RSI(fast) and RSI(slow) < long_trigger
Conditions for sell:
RSI(slow) > RSI(fast) and RSI(slow) > short_trigger
It is recommended to use in small timeframes for scalping.
Recommended settings:
slow = 3
fast = 14
long_trigger = 30
short_trigger = 70
In markets where there is very high volatility, it is recommended to change the trigger parameters:
long_trigger = 20
short_trigger = 80
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