Adaptable RSI Indicator
The Adaptable RSI Indicator adjusts its parameters based on market conditions to generate entry points for trading. For bullish entries, look for a cross below the oversold threshold (typically 30), followed by a rebound above this level, indicating a potential reversal. Conversely, for bearish entries, watch for a cross above the overbought level (usually 70), followed by a drop back below this threshold. Additionally, it can be beneficial to combine these signals with other indicators or price action patterns for stronger confirmation before entering a trade.