When a down fractal forms after RSI dipped into the 20s, 30s or 40s over the lookback, an up triangle of a matching shade is drawn below the bar. Mirror logic appears intended for highs. The period, RSI source, RSI length and RSI lookback are adjustable. Markers show only after the fractal is confirmed, a few bars after the pivot.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Periods
int
2
n
RSI Source
source
close
rsiSource
RSI Length
int
14
rsiLength
RSI Lookback
int
3
rsiLookback
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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