RSI channel for binary
- Indikatoren
- Smaylle Rafael Coelho Mariano
- Version: 1.0
The RSI Channel Binary indicator is a specialized tool designed for binary options trading, leveraging the power of the Relative Strength Index (RSI). The RSI is a momentum oscillator that ranges from 0 to 100, helping traders identify overbought and oversold conditions in the market.In the RSI Channel Binary indicator, the following key signals are utilized:
- Buy Signal (CALL): A CALL option is indicated when the RSI crosses above the 30 level. This movement suggests that the asset is potentially oversold and may experience a price increase, making it an opportune moment to enter a buy position.
- Sell Signal (PUT): A PUT option is indicated when the RSI crosses below the 70 level. This crossover indicates that the asset may be overbought and could be due for a price decline, signaling a good time to enter a sell position.