Typical RSI indicators were plotted with candles and expressed wick to resemble a candle chart,
and linear regression was added to predict changes in force intensity,
which allowed us to confirm support and resistance within linear regression .
In addition, divergence signal was marked as an additional basis for the price fluctuation point due to support and resistance .
In other words,
if the diversity signal appears together when the rsi candle is supported and resisted within linear regression ,
this is the basis for predicting that it is a point of change in the existing trend.
Finally, the period value and standard deviation of linear regression can be arbitrarily modified and used.
I hope it will help you with your trading. -------------------------------------------------------------------------------------------------------------------------------------------------------------- (+ichimoku cloud)
Clouds made of the preceding span 1 and the preceding span 2 of the balance table can predict the trend by displaying the current price balance ahead of the future.
In addition to the role of clouds in the above-described balance sheet, this indicator also shows the cloud band support and resistance of the current RSI value.
Hello, really love the indicator, but alerts doesn't work. Is it only for me?
Pratham_Bhayare
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Hello, How to add alert on this indicator There are to many options available but unable to understand any one of them.
lgt711006
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Hello ParkF, Thank you for your sharing. I am very interested in your RSI indicator. Will you have a MACD histogram divergence indicator in the future ? Thanks~
dmitrievich
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Thank you! It's my favourite indicator! Could I ask you to add hidden bullish/bearish divergences, please?
MoonRocketTrader
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this is absolutely fantastic!!
Karthi056
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Wow. Thanks for your efforts.
strider357
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very interesting. thanks
ParkF
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@strider357, rsi new version added It's called [_Parkf]RSI+ (ichimoku clouds)