Rsi Engulfing Bar V2 – indicator MetaTrader 5
RSI Condition:The Relative Strength Index (RSI) for the current period is below a specified low threshold (RsiLow). This indicates oversold conditions. Candlestick Pattern:It checks for a specific candlestick pattern across three consecutive candles: The current candle (1) closes higher than it opens (bullish) The previous candle (2) closes lower than it opens (bearish) The current … Read more