For traders who read overbought/oversold with RSI but don't want to watch the screen all day; set your conditions and it alerts you and marks the signals, in ranging or trending markets.
The RSI Alert indicator plots RSI in a separate window and watches the chart for you, so you no longer have to stare at the screen waiting for overbought and oversold turning points.
The idea is to automate the part where you keep checking RSI. You set the zones you care about, and the indicator alerts you the moment a condition fires, then marks buy and sell arrows on the chart so past signals are easy to review.
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