RSI Slowdown Arrow Indicator: Finding Price Pivot Points
RSI Slowdown Arrow Indicator is based on the idea that before the reversal of the price and the indicator itself, there is first a slowdown in the rate of change of the indicator, then its reversal. For this purpose, we look for such areas where the price starts to stagnate in the overbought or oversold zone of a fast indicator. RSI indicator.
RSI Slowdown Arrow Indicator has the ability to mark these zones either with arrows or with bars on the chart (selectable in the settings). It is also possible to disable the search for RSI decelerations in the settings, then the indicator will show just exceeding the RSI levels set in the settings - LevelMax and LevelMin.
RSI Slowdown indicator settings
- RSI Period - RSI period
- Signal Level Max - overbought levelwhere to look for slowdowns
- Signal Level Min - oversold levelwhere to look for slowdowns
- Seek Slowdown - enable/disable the search for slowdowns
- Bar - on which bar we are looking for a signal, 1 means on the already built one, 0 means on the current one
- Type graph - type of signal drawing - arrows or lines
- Alerts - enable audio notification of signal location
- Buy Color - color of arrows/lines to buy
- Sell Color - color of arrows/lines to sell
Download RSI Slowdown arrow indicator
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