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[EDU] RSI Momentum Bands

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RSI Momentum Bands serve a purpose to find best RSI momentum for entering a trade.

Indicator is built simply:
1st RSI MA is smoothed RSI by little period, 2nd RSI MA is smoothed RSI by a bigger period.
Then we calculate standard deviation from the 2nd MA and make upper and lower band.

The rules for trades are simple:
  • When RSI is above higher band - Buy;
  • When RSI is below lower band - Sell.


The indicator is for educational purposes only to present trades a momentum bands concepts, widely used across professionals.

Hope you will find it helpful.
Take your profits!

- Tarasenko Fyodor
Nota Keluaran
+ Quick color fix.
Nota Keluaran
+ Filling.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.