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Bogdan Ciocoiu - Coordinator

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Description
The Coordinator is an indicator developed on the back of the RSI algorithm, modified substantially to form a cloud. In addition, the Coordinator uses EMA/SMA to compare the location of the RSI cloud with the chosen moving averages (EMA vs SMA).

This indicator is helpful as it confirms when a trader should enter a position or exit based on the proximity of the RSI cloud to the relevant MA.

Uniqueness
The Coordinator provides unique benefits, including:
  • It shows the strength of the RSI in the shape of the RSI cloud, using two sets of dimensions (one more long term and one more short-term oriented).
  • It indicates the positioning of the RSI cloud in conjunction with the relevant moving averages to help traders remain in positions for longer.
  • It shows the RSI 14 (useful when spotting divergences aligned with the price action).


Open-source
The Coordinator uses the following open-source scripts:
Nota Keluaran
This revision corrects a bug revealed by David, one of our members. The bug was related to the printing of circles/triangles.
Nota Keluaran
Removed the individual RSI as the interface became too congested.
Nota Keluaran
The default variables have been changed to support new joiners.

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.