divergence software, inc.
Development & Consulting Services
Product Detail
RSI System
TradingView indicators will be activated for your TradingView account and no installation is required. eSignal indicators will be delivered to you via email in zip files. Some of the more complex indicators have installer programs. In most cases we will require your eSignal username so that we can set up the entitlement for the indicator(s) you have purchased.
The majority of our indicators are licensed for a one-time fee (i.e., non-recurring). However, we do have some subscription-based products, including marketDirection Monitor, Harmonic Pattern Collection, and S/R Analyst Pro.
Description
This indicator is a backtestable trading system based on the RSI and moves above the upper reference line or below the lower reference line. For a short signal the RSI must cross above the upper reference line. For a long signal the RSI must cross below the lower reference line. Fixed profit targets (based on either points or a percentage of price) as well as an ATR-based trailing stop mechanism can be activated if desired, and sessions can be defined for intraday usage. If sessions are turned on the Close-All-Trades time specified must be a timestamp that exists on the intraday chart that you are using.
Specifications
- Product ID: SYS10
- Study only, no source code provided
- Requires eSignal 12.x or newer