OPEN-SOURCE SCRIPT
Parabolic Detection
This method of trend analysis draws the RSI channel from 50 to 60 on the chart. If it's over 60, the channel is green.
When Bitcoin goes on its insane runs, the RSI on the 3 day chart will often be pegged at extreme values. Our goal is to visually represent these moments.
By default, this uses the 3 day resolution for its calculations. Feel free to disable this and it will work on any timeframe.
When Bitcoin goes on its insane runs, the RSI on the 3 day chart will often be pegged at extreme values. Our goal is to visually represent these moments.
By default, this uses the 3 day resolution for its calculations. Feel free to disable this and it will work on any timeframe.
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