by OilyFish » Mon May 31, 2010 1:06 pm
As I understand it the present RSI, gives BUY & SELL signals.
I am hoping for an RSI which gives and Overbought signal once it touches or crosses the 70% line and an Oversold once it touches or crosses the 30% line. The existing RSI signal alerts as it is leaving the overbought and oversold areas i.e. BUY or SELL signals, whereas the signal I am looking for would alert hopefully immediately it enters or touches upon the 30 and 70% lines.
Is it possible to have such a signal with this subtle difference?