Hello, it is not hard, for better understanding use line rsi...NewLight wrote: Fri Oct 28, 2022 7:39 am Hello kvak, Thank You for this indicator "rsi histo", a very good indicator to me... and if you can elaborate on the different settings of the function of " Color change on"... It is a little confuse to me.. slope change and Rsi cross Ma are ok, the others?.. not... Thank You again...
Color change on....png
Outer level cross is when rsi cross overbought, oversold levels.
Middle line cross mean- simple (overbought+oversold)/2..in this case (60+40)/2 is 50 level.
Oposite level cross mean- when rsi cross level, trend continue to cross of oposite level...If uptrend start when rsi cross 60 level, trend continue to another cross 40 level...