OPEN-SOURCE SCRIPT
Study RSI3M3 from Walter J. Bressert
Dear Trader,
Walter Bressert started with cycle trading and published is findings in different books.
In one off his documents "Timing is everything, The Cycle Trading Pattern" he's using a very simple oscillator.
This oscillator called RSI3M3.
The RSI3M3 is a 3-bar RSI smoothed with a 3-bar moving average.
Oscillator/Cycle Combinations that Identify Trading Cycle Tops and Bottoms.
Trading cycles show distinct tops and bottoms that are frequently accompanied by overbought and oversold levels of an oscillator that is derived from price activity.
This oscillator shows the ebb and flow of market energy, or the buying and selling power as it tops and bottoms.
Although not based on time, it quite frequently identifies cycle tops and bottoms with accuracy of 80-90% depending on the market and time frame.
With this kind of accuracy the oscillator can be used to identify high probability trading situations at tops and bottoms of cycles.
Even better, the oscillator can be used to generate mechanical buy and sell signals that take much of the judgment and stress out of trading.
In combination with other indicator, like the MACD, this could be a powerfull tool to make youre strategy more accurate.
Happy trading,
ADutchTourist
Walter Bressert started with cycle trading and published is findings in different books.
In one off his documents "Timing is everything, The Cycle Trading Pattern" he's using a very simple oscillator.
This oscillator called RSI3M3.
The RSI3M3 is a 3-bar RSI smoothed with a 3-bar moving average.
Oscillator/Cycle Combinations that Identify Trading Cycle Tops and Bottoms.
Trading cycles show distinct tops and bottoms that are frequently accompanied by overbought and oversold levels of an oscillator that is derived from price activity.
This oscillator shows the ebb and flow of market energy, or the buying and selling power as it tops and bottoms.
Although not based on time, it quite frequently identifies cycle tops and bottoms with accuracy of 80-90% depending on the market and time frame.
With this kind of accuracy the oscillator can be used to identify high probability trading situations at tops and bottoms of cycles.
Even better, the oscillator can be used to generate mechanical buy and sell signals that take much of the judgment and stress out of trading.
In combination with other indicator, like the MACD, this could be a powerfull tool to make youre strategy more accurate.
Happy trading,
ADutchTourist
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開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。