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RSI moving from oversold area

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    RSI moving from oversold area

    Hi, I would like to add condition that makes sure that RSI was oversold 2 or 5 or 10 bars ago (anywhere from 1-15 bars ago). Is there any simple way to do that in strategy wizard?

    #2
    Hello,

    Thanks for writing in.

    It would be possible to accomplish something close to this with the Wizard.

    You can have a condition where the RSI is under 30 or over 70. You could also be able to set the condition using a variable that defaults to 30 / 70.

    Because the Strategy Wizard is not able to do an OR in a condition, you will need to utilize multiple conditions.

    Attached is an example of this.
    Attached Files
    Chelsea B.NinjaTrader Customer Service

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