Why use RSI Candles instead of a normal RSI? Because it removes screen clutter, and it also allows you to clearly see what level of overbought/oversold the candle is really at. Sometimes, it is hard to tell that a candle is overbought/oversold or very overbought/sold when it is exactly at 70 or 80. (as shown by arrows, scroll left on chart)
Original RSI Candles...
here is my first script.
This is the normal 14 period ADX,
but with a color twist, to make it extremely easy on eyes.
easily spot the strength.
ADX, as you know, shows the strength of the trend.
As short term traders, we need price movement and a strong trend.
How to use this script ?
1. We don't trade when ADX is in the red...
Some weeks ago, I had a patient in my practice who suffered from internal stability disorders.
Certainly not a case of disordered thinking or schizophrenic behaviour, because his general sense of direction wasn’t the problem.
He just couldn’t find the right overall balance, an ailment he struggled with for years.
Straight away I could diagnose that surgery...
Three RSI in one window allows different time frames to be seen on one chart. Also have a look what happens when the time frames cross.
Default setting is : 9, 18, 27 Adjust to fit your needs.
*Get Rekt at your own risk*
Tips BTC: 13CJxLuCKmccDvJDDrxa57NUKy7UEXFogz
Momentum of Relative Strength to index as used by Leaf_West. This is to be used with the companion Relative Strength to Index indicator Leaf_West Style. Make sure you use the same index for comparison. If you follow his methods be aware of the different moving averages for the different time periods. From Leaf_West: "on my weekly and monthly R/S charts, I...