Jump to content
Medved Trader Forums

RSI Indicator Horizontal Lines


Recommended Posts

RSI indicator has default horizontal (dashed) lines at 30, 50, 70. Shading in green/red also occurs when RSI value is over 70 / under 30.

 

I guess these give the "standard" overbought/oversold indicator.

 

In some cases we may want to deviate from the standard...so is it possible to:

 

1) allow customization of the lines' values (i.e. other than the default 30,50,70) - for each chart ?

2) optionally suppress the display of horizontal lines/corresponding shading - again, for each chart ?

 

If not currently possible, could you consider that for a future release? 

 

Thanks

Link to post
Share on other sites

I see - thanks for including that.

 

Perhaps, a more general approach would be to allow user to specify horizontal lines at 2 arbitrary levels within the RSI subchart? Maybe even make them "draggable". Consider this a low-priority feature request.

 

My motivation for even asking this is that I read an interesting alternative interpretation of RSI as a trend indicator (as opposed to overbought/oversold) ... here: http://fatf1nger.wordpress.com/2014/09/17/introductory-rsi-post/

 

Cheers.

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...