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Dr. Madhavi Akka V4 RSI(2) with MA(5)

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Understand the Indicator's Functionality
Buy Signal:
A green label ("BUY") appears below the bar when:
The RSI is above 80.
The RSI-based moving average (MA) is trending upward.
The low price of the bar reaches or falls below the calculated limit entry price (low - tickOffset).

Sell Signal:
A red label ("SELL") appears above the bar when:
The RSI is below 20.
The RSI-based moving average (MA) is trending downward.
The high price of the bar reaches or exceeds the calculated limit entry price (high + tickOffset).

Customize Your Settings
Click on the gear icon next to the indicator name in the chart's legend to open its settings.
Adjust the following inputs as needed:
RSI Length: The period for calculating RSI (default: 2).
MA Length: The period for calculating the moving average of RSI (default: 5).
Middle Band: The RSI threshold for signals (default: 50).
Tick Offset: The number of ticks above/below high/low for limit entry prices (default: 3).

Feragatname

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