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 r = rsi(14) plot r as "RSI" purple level 70 as "OB" red level 30 as "OS" green when r is below 30 then buy when r is above 70 then exit