This indicator really is great Mrtools. Not only is it a non-repainting RSI but it's got lots of the additional features.
Huge gains. Well done mateujtrader wrote: Thu Sep 23, 2021 6:37 am well this is far better then tv rsiha now!!! Thanks Man!!!! hours back i entered btc buy trade on 4 hr based on it 4% rise till now still carrying the trade....
This is my favorite RSI at the moment. I've always used just the standard, no frills colored RSI in trading but this one is a bonus with the Heiken Ashi candles and Divergence.
14 period is best for Divergences on the RSI. Anything lower ie. 9 period and you'll get too many false signals.
Honestly, if you counter-trade with RSI, the traditional 14 period setting will create good Divergence signals which you can actually trade if you're willing to accept large drawdown periods, that is. But hang in there and the tide will almost certainly turn.
