RSI true swings

2022년 1월 18일

Relative Strength Index (RSI) is being used by majority of the traders to get benefitted based on the swings. But these swings are hard to Identify.
This Indicator uses 4 major factors for finding the potential reversal points:

• * RSI Crossover or crossunder
  * Relative volume
  * Overall volume against the moving average volume
  * Relative closing of the candles
  * Size of the bars

Please read Instructions carefully before using this indicator
* Recommended entry is the OHLC4 of the signal bars.
* If signal bar is too large, try to enter in the retracement when another signal comes either through indicator or through types of bars
* when signals comes opposite to the trend, then try to wait for the next signal of same type. This creates a RSI-price divergence in confirmation by volume price action
* Timeframe can be of your choice


Recommended stoploss should be swing highs or lows

2022년 1월 18일

릴리즈 노트

• Removed gap down and gap up moves
  
• Removed cases where there was sudden volatile in RSi values
  
• Refined criteria of healthy bar
  

2022년 1월 18일

릴리즈 노트

Previous bar condition on RSI is updated

2022년 2월 15일

릴리즈 노트

Alerts are added!!

2022년 10월 17일

릴리즈 노트

Updated!

2022년 10월 19일

릴리즈 노트

updated alerts!