A monthly RSI below 30 for the Aussie is an event that has favored the rise in 2008 and in 2001, but in 1997 it signaled the start of a bear market. The limited trading signals provided by the Rsi are restrictive.
Have you tried other settings such as 3 for the higher TFs?
The wekly Rsi is already signaling a return of strength of the Jpy. Considering that August is a horrible month for EurJpy, I will increase the short position opened at 132.50.
I like to combine different indicators and see where the market was when these indicators reach the extremes. I also combine this to other analyzes such as seasonal and sentiment ones, and I get medium term trading signals.
Clear divergence between AudUsd and the Rsi…is a bottom coming…?
RSI of a super smoother (similar to RSIOMA but this version uses super smoother for price pre filtering before the rsi is calculated)
Could you please do an RSX in the same way?
Thanks in advance.
This is a rsx of a super smoother
RSX of Super Smoother :- could you please add feature of arrows on main chart for entry & exit into OB & OS zones as well as "alerts for zero cross" as an early "look-out" signal for trade opportunity?
Thanks & have a great Sunday
Excellent, thanks Mladen.