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Overview
Dynamo is built to be the Swiss-knife for price-movement & strength detection, it aims to provide a holistic view of the current price across multiple dimensions. This is achieved by combining 3 very specific indicators(RSI,...
A RSI implementation tailored for a specific use case.
Instead of using RSI with oversold and overbought values, I use it as a median value.
If the RSI is above 50, the trend is bullish.
If the RSI is below 50, the trend is bearish.
This indicator is customized to help you easily identify market strength/weakness based on which side of the median value the RSI is.