Plotting RSI Levels on Price with a Moving Average Reference
Summary
This indicator displays standard RSI information directly on a price chart. It includes overbought and oversold levels, alongside a moving average line used as a reference for placing those levels. An ATR coefficient controls the RSI's relative size in the chart presentation, linking the displayed oscillator to price-scale space.
Users can configure the RSI period and applied price, the overbought and oversold thresholds, and the ATR coefficient. They can also select the moving average period, calculation method, and applied price. The description explains the display and its settings, but gives no entry or exit rules, parameter recommendations, or evidence of trading performance. It therefore documents a visualization tool rather than a complete trading method; any signal interpretation or usefulness would need separate evaluation.
Key ideas
- The indicator displays RSI, threshold levels, and a moving average reference on the price chart.
- Users can set the RSI period and the price used in its calculation.
- Overbought and oversold thresholds are configurable.
- An ATR coefficient controls the RSI's relative size in the display.
- Moving average period, calculation method, and applied price can also be configured.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.