📖Advanced RSI Settings
Description of key features and settings in [E5 Trading] Advanced RSI
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The traditional relative strength index [RSI] momentum indicator measures the magnitude of price changes over a user-specified period to determine oversold and overbought conditions in the price of an asset.
[E5 Trading] Advanced RSI adds several sophisticated features to enhance the analysis of RSI to detect early signs of trend reversals and continuations.
Advanced capabilities include customizable fast and slow RSI moving averages, RSI Bollinger Bands, relative oversold and overbought signals, and both Potential [real-time] and Confirmed regular and hidden divergences.
Use as confluence with [E5 Trading] Setups & Trends, [E5 Trading] Squeezes & Breakouts, and [E5 Trading] Relative Volume to increase the probability of entering winning trades.
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