Wanting to target the high/low of the RSI spike for a entry// ANY HELP WOULD BE GREAT
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Ok so i dont know if this has been done before, I have looked on the questions and i couldnt find one thats asking what i am.
I want to target the tip of the high or low of an RSI when its just come out of ''Overbought'' ''Oversold'', And place a buy/sell limit at that level but using where price was at that level.
Any help would be huge! Im not even sure where to start for this as from my experiance this is not a very common method of entrys.
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I should've worded that better... I want the highest/Lowest price point that price went while in a ''Overbought/Oversold'' RSI state. So then when it comes out of it i can use the EA to place a Buy stop Or sell limit at that price level.
Im sure the image explains it 10x better than i am right now.
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@telfordstarb When the RSI X> 70 record candle ID 0, every bar add 1, when RSI X, 70 record candle ID 0 into another variable, in pending buy/sell block use market properties with these 2 variables in the start/end candles.
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@jstap Cheers for the reply! I think i understand what youre saying. Would it be possible to see it in fxdreemas workshop? Just to make sure iv got everything down.
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@telfordstarb This should work for buys, ask if you have any problems:
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@jstap What is the numeric value? what is its purpose? I see what youre saying now with the Start candle and End candle to define the zone to check for highest price point. However when i link it the ea doesnt execute any trades.
Thanks for the info as i dont know anywhere near enough on fxdreema to do this myself
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@telfordstarb It is only how to sort what you want from rsi, needs more to place trades. The numeric value is what's in the RSI indicator window.
