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Discussions  »  Resource Library  »  Trader's Tips from TASC Magazine  »  2015  »  June 2015: The RSI & Price Trends
June 2015: The RSI & Price Trends
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MS Support  
#1 Posted : Friday, July 28, 2017 9:16:15 PM(UTC)
MS Support

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Kevin Luo's article, “The RSI & Price Trends”, discussed ways to improve on the traditional RSI buy and sell signals.  The formulas below are one possible method of using these ideas: 

Buy Order:

Code:
peakbars(1, c, 20) > troughbars(1,c,20) AND
barssince(c>trough(1,c,20) < troughbars(1, c, 20) AND cross(RSI(14), 50)

Sell Order:

Code:
peakbars(1, c, 20) < troughbars(1,c,20) AND
Cross(troughbars(1, c, 20), C)

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