Hi All, RSI is a widely accepted indicator by most of the traders. I built this indicator to present all the RSI buying and selling signals that can be missed to get the best use of this indicator.
The indicator is composed of: 1. RSI 2. Stochastic RSI 3. Linear regression for the RSI
The short signals provided by the stochastic will support short term traders to catch every move and maximize the profit. The idea is that: 1. The stochastic stochastic RSI will give the RSI a colour based on the potential movement. blue colour for uptrend and red for the downtrend 2. The linear regression will provide the directions of the RSI and facilitate the indication of any divergence with the stock or commodity trend 3. Based on my tests, It's better to buy only if the RSI is between 30 to 70 and the stochastic between 20 and 60 to ensure a strong trend and capture the right amount of the revenue
Hope you enjoy it and remember that all the variables are editable to support you in customizing it based on your experience and market behaviour
Sürüm Notları
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This is an Enhanced version of All RSI V1 1- I updated the stochastic signals 2- added moving average 3- added divergence indicator
Sürüm Notları
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Hi All, RSI is a widely accepted indicator by most of the traders. I built this indicator to present all the RSI buying and selling signals that can be missed to get the best use of this indicator.
The indicator is composed of: 1. RSI 2. Stochastic RSI 3. Linear regression for the RSI
The short signals provided by the stochastic will support short term traders to catch every move and maximize the profit. The idea is that: 1. The stochastic stochastic RSI will give the RSI a color based on the potential movement. blue color for uptrend and red for the downtrend 2. The linear regression will provide the directions of the RSI and facilitate the indication of any divergence with the stock or commodity trend 3. Based on my tests, It's better to buy only if the RSI is between 30 to 70 and the stochastic between 20 and 60 to ensure a strong trend and capture the right amount of the revenue
Hope you enjoy it and remember that all the variables are editable to support you in customizing it based on your experience and market behavior Nov 25, 2020 Release Notes: This is an Enhanced version of All RSI V1 1- I updated the stochastic signals 2- added moving average 3- added divergence indicator Release Notes: This is an Enhanced version of All RSI V2 Converted to the new script v5