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RSI Deviation Oscillator

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This Oscillator measures the %B of the RSI with a length of 14 Periods. This means: the current position of the RSI relative to its 20-period Simple Moving Average. Values above 1 are above the upper Bollinger Band (2 StdDev) and can be considered overbought, values below 0 are below the Lower Bollinger Band and can be considered oversold.

⚠️ Important info: ⚠️

Do not use the indicator on its own. No indicator is magic. Only use in confluence with other price action methods.

Recommendations:

Use the Indicator for Exits, not Entries.

Keep BB length at 20, or:
10 for quick info on where the price currently stands
50 for the bigger picture and less noise

Works best with:
Support & Resistance Levels
Bollinger Bands on the Chart
Combination with the Standard RSI

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.