I AM NOT A FINANCIAL ADVISOR.
THESE IDEAS ARE NOT ADVICE AND ARE FOR EDUCATION PURPOSES ONLY.
ALWAYS DO YOUR OWN RESEARCH!
A little tip is always nice!
- green is above 60 in an uptrend
- yellow is below 60 in an uptrend (possible retracement)
- red is below 40 in a downtrend
- maroon is above 40 in a downtrend (possible retracement)
yes, I know rsi always gets a lot of lashback for being a suckers indicator, but when used in different way, I feel it does give a lot of relevant info about traders intentions, price movement and momentum.
The difficulty is finding the right way to extract the info.
Thanks for the support!
I think your mtf solution for rsi is still invaluable too!! I use that function everyday in my main script!!
So thank you too! ;-)