Doesn't draw!

dmnik wrote: Sun Aug 06, 2023 7:02 am Doesn't draw!

jng640 wrote: Sun Aug 06, 2023 12:44 pm

Ama slope might work something like it

Collected by GPT chat!

kvak wrote: Thu Jun 22, 2023 7:51 am This is type of corrected ( with choise fast/slow correction) rsi, possibly smoothed.
Arrows, alerts, 3 state of coloring....

Hi Kvak,
may i know what is the indicator used on main chart?
Thank you very much.

vignes011 wrote: Mon Aug 07, 2023 10:49 pm Hi Kvak,
may i know what is the indicator used on main chart?
Thank you very much.

Hello, Iam not 100 pro sure about candles ( one of my heiken ashi candles but dont remember as it with rsi or macd)
And corrected eAverage from here are lines....

RSI trend histo as requested.

kvak wrote: Tue Aug 08, 2023 6:45 am RSI trend histo as requested.

Thanks, kvak,
strangely it seems to be mostly one candle late (compared to a regular RSI).

josi wrote: Tue Aug 08, 2023 4:00 pm Thanks, kvak,
strangely it seems to be mostly one candle late (compared to a regular RSI).

when I look at your picture, I wonder what your criteria are for comparing rsi and smoothed rsi? smoothig always gives some lag, minimal but still there.....

Maybe I'm wrong, but in my opinion, rsi is made to determine the trend reversal, which signals a reversal when the price breaks the level. Therefore, rsi is a trend indicator that works on the same principle as the Keltner channel. If you want to use the breakout of the 50 level, then it is easier for you to add an SMMA of the same period to the chart,
these signals match.
The best version is the standard rsi and all kinds of modifications only worsen the signals. You can verify this by looking at various versions of the indicator.
The only exception is Connors Rsi, because it is made for completely different purposes.