This indicator focuses on the RSI vwap, which is RSI, but with VWAP as a source, instead of the close. This focuses on its extremes, and movements away from extremes back to 'normal'.
The rsi vwap is used for directional bias in trends and potential areas for reversal.
"Allow repainting" option for when warranted.
There are two outputs for each level, essentially giving a warning signal for reversal and the larger plot for more likely reversal. Since this indicator is based off of strength, parabolic moves can blow through the warning and reversal signals, so be aware of major breaks in market structure.
Each plot set has a resolution filter to help reduce the noise and false signals. Also an option for 1st signal plot size. Signals share RSI-Vwap length.
DM for access.
Cheers!
The rsi vwap is used for directional bias in trends and potential areas for reversal.
"Allow repainting" option for when warranted.
There are two outputs for each level, essentially giving a warning signal for reversal and the larger plot for more likely reversal. Since this indicator is based off of strength, parabolic moves can blow through the warning and reversal signals, so be aware of major breaks in market structure.
Each plot set has a resolution filter to help reduce the noise and false signals. Also an option for 1st signal plot size. Signals share RSI-Vwap length.
DM for access.
Cheers!