This indicator serves for the determination of the current trend strength, as well as possible points of its turn. The RSI indicator compares the absolute value of the price rise for a specific time period with its decline level for the same period; the calculation result is shown in the form of a curve on the chart, with values ranging within 0 % to 100 %.
Indicator view on the chart.
To add and set up this indicator, open the settings window.
Sourse - setup of the indicator calculation parameters:
Period – setup of the indicator calculation period.
Panel – selection of the indicator position on the chart:
- New panel.
Show value - display of the indicator value on the left on the price scale.
Scale - if this option is on, the scale is calculated automatically based on the minimum and maximum values of the indicator to fit the latter in the chart.
Color - color setup of the indicator.
Visual type - visual setup of the indicator display on the chart:
- Up arrow
- Down arrow
- Axis label
Line style - setup of the line display:
Width - width setup for the indicator line.
The Down/Up lines have the same visual settings as the RSI line; however, these lines are supplemented by the text entry option, which may be used in the Text line.
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