RSI value area

[mezarashii]

Is this an illusion? Is this astandard rsi indicator made to look like its showing value areas to buy and sell? It's incredibly clever but I expect its adjusting to the last ideal area to put the value levels.

Take a look for yourself and let me know if its of any value in terms of calling out value areas for reversals.

[fxbs]

cool: rsi in chart window (overlay)

it's not hook up to the price, but still

can we use same (opposite) method (trick) to plot Heiken Ashi (other histo) from chart to separate window?

templete:

//---------------------------------

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symbol=EURUSD

period=1

leftpos=85597

digits=2

scale=8

graph=1

fore=0

grid=0

volume=0

scroll=1

shift=0

ohlc=0

askline=0

days=0

descriptions=0

shift_size=20

fixed_pos=0

window_left=154

window_top=154

window_right=967

window_bottom=731

window_type=3

background_color=16777215

foreground_color=0

barup_color=0

bardown_color=0

bullcandle_color=16777215

bearcandle_color=0

chartline_color=0

volumes_color=32768

grid_color=12632256

askline_color=17919

stops_color=17919

height=159

name=main

name=Relative Strength Index

period=14

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level_0=20.0000

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level_2=80.0000

level_3=60.0000

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