Gowrish
1
BUY Setup
When the first lower low RSI also lower of low , second lower low RSI is Higher low
I .e - first lower low price = 240 RS= 10 second lower low price=238 RSI =14
SELL Setup
When the first Higher high RSI also higher high , second higher high RSI is lower high
I .e - first Higher high price = 440 RS= 95 second higher high price=445 RSI = 88
As per the above condition
Buy Script:
RSI(LOW,1)< REF(LOW,1) AND REF(LOW,2) < RSI(CLOSE,2)
Sell Script:
RSI(HIGH,1)< REF(HIGH,1) AND REF(HIGH,2) < RSI(HIGH,2)
Please explain what is first and secound refers to ?
Gowrish
4
I want use this strategy ONE HR time frame, First One hour bar , second one hour bar .
This script not run due to RSI period argument is invalid.