Oscillating indicator Dynamic Zone RSI is Relative Strength Index with dynamic overbought/oversold zones based on Bollinger Bands.
It has six adjustable parameters:
- RSI period - RSI calculation period
- Bands period - Bollinger Bands calculation period
- Deviation - Bollinger Bands deviation
- Show intersection arrows - show the labels of RSI crossing the lines of zones
- Allow midline intersections - allow controlling the intersections with the midline
- Use alerts - use alers as soon as RSI intersects the lines of zones