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Mellow RSI
Like RSI on painkillers. At high dosages, it can be used in a renko-like fashion to confirm changes in trend. At low dosages, it can filter out the noise of regular RSI.
Example at high dosage:
Example at low dosage:
I also suggest using Heikin Ashis over candlesticks for high dosages, to further reduce noise.
Example at high dosage:
Example at low dosage:
I also suggest using Heikin Ashis over candlesticks for high dosages, to further reduce noise.
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