RSI as stop loss

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  • #196013 Report

    Hello

     

    can I use RSI to stop the trade

    for example if RSI hit 30 close the trade.

    Without waiting for the candle to close

    similar to stop loss

     

    Regards

    #196026 Report

    Normally not that I know of. But maybe @JS can make the “inverse RSI”, hence how the strength of the price has led to the RSI, and thus what the price needs to reach in the upcoming bar in order to meet your RSI request. Seems fun.

    #196030 Report

    You have to use a low TF (down to 1 second) so that you can immediately close the trade as soon as RSI is hit:

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