Documentation/AlgoCode/Function reference
rsi
Relative Strength Index
Reference/Oscillators/Function
rsi(source, length)
Wilder RSI, 0–100. Overbought near 70, oversold near 30. Short form `rsi(14)` uses close.
Parameters
| Name | Type | Description |
|---|---|---|
sourceoptional | series default close | Series to use. Omit it when the first argument is a number — ema(9) means ema(close, 9). |
length | int default 14 | Lookback in bars. Default 14. |
Return value
series
Short form: if the first argument is a number, Dovee uses close as the source.
Example
oscillator length = input 14 as "RSI Length" os = input 30 as "Oversold" ob = input 70 as "Overbought" r = rsi(close, length) plot r as "RSI" purple level 70 as "Overbought" red level 30 as "Oversold" green when r is below os then buy when r is above ob then exit
