Range Bound indicators like RSI return after crossing

[fifeivkbdedwcf]

Hi,

currently testing different approaches for RSI.

I would like it to be above or below 30/70 like normal but additional condition trigger would be that it moves back in.

Buy-> RSI is below 30 but crosses back above
Sell -> RSI is above 70 but crosses back below

Only found the option in conditions to cross above/ below but not to move back in.

Condition might be congruent to different Range Bound Indicators like Stochastics, Money Flow ....

https://fxdreema.com/shared/vV0lxZKPd

[jstap]

Use multiple condition blocks, if 1d 2 (etc) are >70, then ID1 X<70 then you have your condition.

[Jnmejias]

This is my vision of how to do it.

https://fxdreema.com/shared/A8Dosgvic

[fifeivkbdedwcf]

@jstap

Hi,

do i need flag blocks as well? Check flag, set flag.
Like in the version of @Jnmejias.

This looks very good so far.

[fifeivkbdedwcf]

@Jnmejias

Hi, looks good so far,

1 question, why do you use once per bar twice, 1 before first trigger and 1 to enter a trade.
Wouldn't 1 be enough 1 block pre the actual Buy in condition block, because of the flag it only enters if both are matching.

[fifeivkbdedwcf]

@jstap

Hi just thought about it, wouldn't it be enough to just use the "crossing back in" condition, because should be above 70 or below 30 before anyway.

Buy -> Main line x< 30 Level, crosses above 30 level
Sell -> Main line x> 70 Level, crosses below 70 level

[roar]

@fifeivkbdedwcf the code checks if all conditions are True at the same instant. Indicator cannot be above 70 and below 70 at the same instant.

Nevermind, you are correct actually

[fifeivkbdedwcf]

@roar

so the 2. condition would be enough right?
ok thank you.