Hi
This is what I am trying to do:
On the daily chart - If no trade open and when RSI rises above 70 - wait for RSI to come down - so if it rises to 73.9 when the RSI comes down to 73.0 to open a sell trade because there is a block for this - it only opens the one trade on the 24 hour chart
All of the blocks do have small differences in them so that if the RSI goes up to 75.5 then a trade should open when the RSI hits the 75.0 point as there is a block for this
I want to place a trade at the highest RSI level for sells and the lowest for buys
My problem is that at the moment a trade opens when the RSI crosses above 70 or crosses below 30 meaning that I am in loss (quite a lot) until the RSI returns to the 70 or 30 mark
Does this make sense?