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This indicator will draw an arrow on the price chart and give an alert when the criteria is met. The criteria is as follows:
Draw an "up" arrow under candles where candle price goes LOWER than the previous candle AND RSI is HIGHER than previous candle (after close of current candle).
OR
Draw a "down" arrow above candles where candle price goes HIGHER than the previous candle AND RSI is LOWER than previous candle (after close of current candle).
For example: Candle 2 drops below candle 1 (it doesn't necessarily have to close lower, just dip lower). Candle 2 closes with an RSI reading higher than candle 1. An up arrow displays under candle 2 once candle 3 opens.
Relative Strength Index (RSI) inputs and levels should match the stock RSI indicator, with added options to calculate RSI level by either open, high, low, close, hl2, hlc3, or ohlc4. The indicator should be visible under the price chart, not just calculated in the background.
This should display arrows at every point on the chart in which this occurs, not only the most recent instance.
Alert options will be sound/popup, email, and push notification.
Thank you.
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