Crosses with indicators and values
Crosses with values is composed of one indicators crossing a value or a scalar. These logics could be used to detect overbought/oversold conditions, for example when a oscillator crosses above/below a threshold to indicate a trend reversal. This concept can be applied to many types of indicators such as momentum indicators and oscillators.
In this example an RSI crossover with a scalar is shown with its equivalent in the Strategy Designer:
Rule: RSI 14 cross above level 30 value.
Legend:
- RSI 14 Blue Line
Source: Dukascopy
The equivalent logic using the Strategy Designer can be defined as follows:
