• Indicators,  R

    RSI Scalper

     RSI Scalper Key Components   Fast & Slow RSI Fast RSI (default length of 4) is sensitive to quick market shifts. Slow RSI (default length of 9) smooths out noise. Together, they help identify immediate momentum changes while still referencing a more stable view of the trend. Overbought/Oversold Levels Overbought: Default 68 Oversold: Default 42 These thresholds trigger “firstLong” or “firstShort” conditions, allowing the indicator to anticipate potential reversals. LSMA (Least Squares Moving Average) An internal custom indicator calculates the slope of the LSMA line (default 40-period, offset 10. I use 138/55). Uptrend is detected if the LSMA slope is positive. Downtrend is detected if the LSMA slope is negative.…