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RSI true swings
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Relative Strength Index (RSI) is being used by majority of the traders to get benefitted based on the swings. But these swings are hard to Identify.
This Indicator uses 4 major factors for finding the potential reversal points:
Please read Instructions carefully before using this indicator
* Recommended entry is the OHLC4 of the signal bars.
* If signal bar is too large, try to enter in the retracement when another signal comes either through indicator or through types of bars
* when signals comes opposite to the trend, then try to wait for the next signal of same type. This creates a RSI-price divergence in confirmation by volume price action
* Timeframe can be of your choice
Recommended stoploss should be swing highs or lows
This Indicator uses 4 major factors for finding the potential reversal points:
- * RSI Crossover or crossunder
* Relative volume
* Overall volume against the moving average volume
* Relative closing of the candles
* Size of the bars
Please read Instructions carefully before using this indicator
* Recommended entry is the OHLC4 of the signal bars.
* If signal bar is too large, try to enter in the retracement when another signal comes either through indicator or through types of bars
* when signals comes opposite to the trend, then try to wait for the next signal of same type. This creates a RSI-price divergence in confirmation by volume price action
* Timeframe can be of your choice
Recommended stoploss should be swing highs or lows
Nota Keluaran
- Removed gap down and gap up moves
- Removed cases where there was sudden volatile in RSi values
- Refined criteria of healthy bar
Nota Keluaran
Previous bar condition on RSI is updatedNota Keluaran
Alerts are added!!Nota Keluaran
Updated!Nota Keluaran
updated alerts!Skrip sumber terbuka
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