Double RSI For Kate

2 Haz 2022

Double RSI for scalping and trend recognition. Green for longs, red for shorts. Based on close. ;)

2 Haz 2022

Sürüm Notları

Scalping filter double RSI with color change for bull bear. :)

19 Mar

Sürüm Notları

Double RSI KE Indicator: Enhanced Trend Detection Made Simple

The Double RSI KE Indicator is a straightforward yet effective tool designed to enhance trend detection and improve trading decision-making. By combining two RSI (Relative Strength Index) calculations with different periods, this indicator provides a clearer view of momentum shifts and trend strength.

📊 How It Works:

The indicator calculates two separate RSIs:

RSI1: A faster, more sensitive RSI with a default period of 25 (user-adjustable).
RSI2: A slower, smoother RSI with a default period of 100 (user-adjustable).

The tool plots RSI1 and RSI2 on the same chart, using colors to indicate momentum shifts:

Green: RSI1 is above RSI2, suggesting bullish momentum.
Red: RSI1 is below RSI2, suggesting bearish momentum.
White Line: RSI2, serving as a baseline or trend filter.

💡 Why It’s Useful:
✅ Improved Trend Clarity: By comparing a fast and slow RSI, you can quickly determine whether short-term momentum aligns with the overall trend.
✅ Versatility: Works across various timeframes and markets, including stocks, forex, crypto, and commodities.
✅ Simple Yet Effective: Provides clear visual signals for trend-following and potential reversals.

📌 How To Use It Effectively:

Trend Confirmation: When RSI1 (green) stays above RSI2 (white), it indicates a bullish trend.

Reversal Detection: When RSI1 (red) crosses below RSI2, it signals a potential bearish reversal.

Customization: Adjust RSI1 and RSI2 periods to suit your trading strategy and timeframe.

The Double RSI KE Indicator is a simple, customizable tool that can enhance your ability to spot trends and reversals with precision. Perfect for traders looking to simplify their analysis without sacrificing reliability. 🚀

⚠️ Disclaimer:
The GTC Double RSI KE is a powerful tool designed to enhance your market analysis by providing real-time insights on market shifts. However, it is not a replacement for comprehensive market analysis or prudent risk management. Always combine this tool with thorough research, technical analysis, and a well-structured trading plan. Past performance is not indicative of future results. Trade responsibly.

19 Mar

Sürüm Notları

Hey everyone! Thanks for checking out the GTC Breakout Scanner.

I love making new scripts to help refine the trading process. If you would like access to my brightest ideas, click the link below!
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Double RSI KE Indicator: Enhanced Trend Detection Made Simple

The Double RSI KE Indicator is a straightforward yet effective tool designed to enhance trend detection and improve trading decision-making. By combining two RSI (Relative Strength Index) calculations with different periods, this indicator provides a clearer view of momentum shifts and trend strength.

📊 How It Works:

The indicator calculates two separate RSIs:

RSI1: A faster, more sensitive RSI with a default period of 25 (user-adjustable).
RSI2: A slower, smoother RSI with a default period of 100 (user-adjustable).

The tool plots RSI1 and RSI2 on the same chart, using colors to indicate momentum shifts:

Green: RSI1 is above RSI2, suggesting bullish momentum.
Red: RSI1 is below RSI2, suggesting bearish momentum.
White Line: RSI2, serving as a baseline or trend filter.

💡 Why It’s Useful:
✅ Improved Trend Clarity: By comparing a fast and slow RSI, you can quickly determine whether short-term momentum aligns with the overall trend.
✅ Versatility: Works across various timeframes and markets, including stocks, forex, crypto, and commodities.
✅ Simple Yet Effective: Provides clear visual signals for trend-following and potential reversals.

📌 How To Use It Effectively:

Trend Confirmation: When RSI1 (green) stays above RSI2 (white), it indicates a bullish trend.

Reversal Detection: When RSI1 (red) crosses below RSI2, it signals a potential bearish reversal.

Customization: Adjust RSI1 and RSI2 periods to suit your trading strategy and timeframe.

The Double RSI KE Indicator is a simple, customizable tool that can enhance your ability to spot trends and reversals with precision. Perfect for traders looking to simplify their analysis without sacrificing reliability. 🚀


⚠️ Disclaimer:
The GTC Double RSI KE is a powerful tool designed to enhance your market analysis by providing real-time insights on market shifts. However, it is not a replacement for comprehensive market analysis or prudent risk management. Always combine this tool with thorough research, technical analysis, and a well-structured trading plan. Past performance is not indicative of future results. Trade responsibly.