FX5 SelfAdjusting RSI

In February issue of Technical Analysis of STOCKS & COMMODITIES magazine David Sepiashvili presented a new idea for adjusting RSI overbought-oversold levels.
The advantage of this approach is that it could be applied to multiple market conditions without regard to the calculation period.

This standardization facilitates the usage of the indicator in Multi frame analysis.

The article contained two different algorithms for adjusting the width of the overbought and oversold bands for the RSI.

This indicator draws RSI and the self-adjusting overbought overslold levels.

If the parameter MA-Method is set to true the bands are calculated by moving average based algorithm.
If it is set to false the alternative standard deviation algorithm will be used

Please Note: This is a sub window version.

AussieBeau

Candlestick Signal indicator by CJA


AussieBeau

Some sort of RSI with floating channels. Good for reversals

AussieBeau wrote: Mon Jun 26, 2017 7:44 pm If you are a WPR lover..these are for you!

Great collection B!
Thanks for posting

These indicators places rightprice labels on your chart at Yesterday High and Low or Todays High Low or both
Changes color on price above or below labels and are Dynamic

AussieBeau