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Indicators: Constance Brown Composite Index & RSI+Avgs

I am a big fan of Constance Brown. Her book "Technical Analysis for Trading Professionals" is an absolute classic (get the 2nd edition).
I have included here 2 of the indicators she uses in all her charts.
Composite Index
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This is a formula Ms Brown developed (Cardwell may not agree!) to identify divergence failures with in the RSI. This also highlights the horizontal support levels with in the indicator area.
This index removes the normalization range restrictions in RSI. This means it is not bound with in 0-100 range. Also, this has embedded momentum calculation in it.
The fine nuances of this indicator are not documented well enough, if you find some good documentation, do let me know. Always use this with RSI (like the next one).
RSI+Avgs
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This is plain 14 period RSI with a 9-period EMA and 45-period SMA overlaid.
I have included here 2 of the indicators she uses in all her charts.
Composite Index
----------------------------------------
This is a formula Ms Brown developed (Cardwell may not agree!) to identify divergence failures with in the RSI. This also highlights the horizontal support levels with in the indicator area.
This index removes the normalization range restrictions in RSI. This means it is not bound with in 0-100 range. Also, this has embedded momentum calculation in it.
The fine nuances of this indicator are not documented well enough, if you find some good documentation, do let me know. Always use this with RSI (like the next one).
RSI+Avgs
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This is plain 14 period RSI with a 9-period EMA and 45-period SMA overlaid.
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。
List of my free indicators: bit.ly/1LQaPK8
List of my indicators at Appstore: blog.tradingview.com/?p=970
List of my indicators at Appstore: blog.tradingview.com/?p=970
相關出版品
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。
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。
List of my free indicators: bit.ly/1LQaPK8
List of my indicators at Appstore: blog.tradingview.com/?p=970
List of my indicators at Appstore: blog.tradingview.com/?p=970
相關出版品
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。