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This product is built exclusively for the Tickblaze platform and requires Tickblaze to be installed. Don’t have access to Tickblaze? Download it here.
Please note: When you purchase and install any individual algo, all available free algos will also be automatically installed for your convenience.
Identify exhaustion. Automate mean-reversion.
The RSI Overbought/Oversold Algo is an automated trading solution for Tickblaze that generates trade signals when the Relative Strength Index reaches extreme levels. When RSI crosses above the overbought threshold, the algo signals a potential short. When it drops below the oversold threshold, it signals a potential long. A straightforward, time-tested approach to fading overextended moves and trading mean reversion setups with discipline.