[EDU] RSI Momentum Bands

RSI Momentum Bands serve a purpose to find best RSI momentum for entering a trade.

Indicator is built simply:
1st RSI MA is smoothed RSI by little period, 2nd RSI MA is smoothed RSI by a bigger period.
Then we calculate standard deviation from the 2nd MA and make upper and lower band.

The rules for trades are simple:

• When RSI is above higher band - Buy;
  
• When RSI is below lower band - Sell.
  

The indicator is for educational purposes only to present trades a momentum bands concepts, widely used across professionals.

Hope you will find it helpful.
Take your profits!
- Tarasenko Fyodor

Versionshinweise:

+ Quick color fix.

Versionshinweise:

+ Filling.