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K's Reversal Indicator III
K's Reversal Indicator III is based on the concept of autocorrelation of returns. The main theory is that extreme autocorrelation (trending) that coincide with a technical signals such as one from the RSI, may result in a powerful short-term signal that can be exploited.
The indicator is calculated as follows:
1. Calculate the price differential (returns) as the current price minus the previous price.
2. the correlation between the current return and the return from 14 periods ago using a lookback of 14 periods.
3. Calculate a 14-period RSI on the close prices.
To generate the signals, use the following rules:
* A bullish signal is generated whenever the correlation is above 0.60 while the RSI is below 40.
* A bearish signal is generated whenever the correlation is above 0.60 while the RSI is above 60.
The indicator is calculated as follows:
1. Calculate the price differential (returns) as the current price minus the previous price.
2. the correlation between the current return and the return from 14 periods ago using a lookback of 14 periods.
3. Calculate a 14-period RSI on the close prices.
To generate the signals, use the following rules:
* A bullish signal is generated whenever the correlation is above 0.60 while the RSI is below 40.
* A bearish signal is generated whenever the correlation is above 0.60 while the RSI is above 60.
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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。