Don't mind me, I am just messing around...
I did an experiment a while ago, which I now repeat as a standalone idea.
The method is simple, draw some "meaningful" trendlines on RSI which contain 3 touches with RSI.
The 3 points on which RSI touches the trendline, draw a curve on the price chart.
You now have a beautiful chart. Some experienced traders/coders out there could make an indicator that creates channels on RSI, which translates them on the price chart.
With this comparison, we see what RSI is reading, how it is working. We can better understand what RSI trendlines translate to price.
Moral of the chart: Oil price could be bull-flagging.
I am reposting this because this is beautiful, harmonic... organic in a way...

I added an extra line on this one.
Tread lightly, for this is hallowed ground.
-Father Grigori
I did an experiment a while ago, which I now repeat as a standalone idea.
The method is simple, draw some "meaningful" trendlines on RSI which contain 3 touches with RSI.
The 3 points on which RSI touches the trendline, draw a curve on the price chart.
You now have a beautiful chart. Some experienced traders/coders out there could make an indicator that creates channels on RSI, which translates them on the price chart.
With this comparison, we see what RSI is reading, how it is working. We can better understand what RSI trendlines translate to price.
Moral of the chart: Oil price could be bull-flagging.
I am reposting this because this is beautiful, harmonic... organic in a way...
I added an extra line on this one.
Tread lightly, for this is hallowed ground.
-Father Grigori
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
