RSI Strap uses a normal Relative Strength Index (RSI) to determine what price level is in the over-bought or over-sold range. This minimalist overlay improves the technical trading experience as indicators take up a lot of space and leave your chart area cluttered. Change the RSI length, as well as the overbought and oversold levels in the indicator settings panel. The default RSI length is set at 14, and the overbought and oversold levels are 70% and 30% respectively.
Happy Trading!
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Nice simple indicator for RSI fans.
Thanks for your contribution to the community.