OPEN-SOURCE SCRIPT

RSI OBLIVION

Aktualisiert
This is a powerful tool if combined with other parameters. It's an advanced version of an RSI .
It shows OB and OS conditions and price direction or shift of the trend.
This indicator can be used in various ways with all markets.

The current settings are designed to work with futures market.

Combined with our TSI and Price action, RSI OBLIVION is the most reliable KPI out there.
Reached out to us for assistance.
Versionshinweise
This is a powerful tool if combined with other parameters. It's an advanced version of an RSI .
It shows OB and OS conditions and price direction or shift of the trend.
This indicator can be used in various ways with all markets.

The current settings are designed to work with futures market.

Combined with our TSI and Price action, RSI OBLIVION is the most reliable KPI out there.
Reached out to us for assistance.
Versionshinweise
HOW TO USE:

Method 1:

1. Wait until the RSI crosses up the middle line (white)
2. RSI turns Green for Buys and Red for Sells. If it's Yellow, it could be a fakeout or a pullback, so do not trade it.
3. Support the signals with basic analysis and our TSI Histogram

Method 2 :

1. Watch for the RSI to go outside of the external bands (bollinger bands)
2. Wait for the RSI to go back and crosses back the bands (RSI comes back inside of bollinger bands range)
3. If it comes back from the upside, it's a Sell signal. If it comes back from the downside, it's a Buy signal.
4. Price should be above 200 SMA for buys, and bellow it for sells
5. Always combine with basic analysis

Snapshot
Bollinger Bands (BB)DivergenceMoving AveragesOscillatorsRelative Strength Index (RSI)Volatility

Open-source Skript

Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun das Script auch andere Trader verstehen und prüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden. Die Nutzung dieses Codes in einer Veröffentlichung wird in unseren Hausregeln reguliert. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.

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