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Consecutive candles can give us an indication as to the strength of a trend. With this indicator, you can set the number of consecutive bull or bear candles you wish to be present before achieving a valid signal of RSI crossing into overbought or oversold. With this information, you can better judge if a continuation or reversal situation is about to present. RSI has two settable levels

Interesting settings:

  • Number of consecutive candles needed before a valid signal
  • Overbought level of RSI
  • Oversold level of RSI

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