Nope, a Shark Fin is where the RSI (green) goes outside of the blue bollinger bands, it often looks like a shark fin, but it shows overbought/oversold better. It would give less signals than the standard RSI red/green cross, but they're often a warning of a reversal coming up. Here's an example. This one the shark fin happens right before the RSI cross happens, but sometimes the Shark Fin happens and signals a reversal at the exact right point while it take the green/red RSIs a few more candles to catch up.ChuChu Rocket wrote: Mon Nov 02, 2020 8:03 pm
DVan, why did you quote the post without a reply?
Also, Rain when you say "Shark Fin" do you mean the TDI "Hook" as mentioned in Page 1 of this thread?
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Re: Ultimate TDI indicators thread for MT4
rain, Tue Nov 03, 2020 4:10 am