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RSI true swings

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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
發行說明
  • Removed gap down and gap up moves
  • Removed cases where there was sudden volatile in RSi values
  • Refined criteria of healthy bar
發行說明
Previous bar condition on RSI is updated
發行說明
Alerts are added!!
發行說明
Updated!
發行說明
updated alerts!

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