- If the indicator spikes below -2, this shows a high probability of a bullish reversal and is therefore a buy signal.
- If the indicator spikes above 2, this shows a high probability of a bearish reversal and is therefore a sell signal.
Dont' you think this should be the other way round?
- If the indicator spikes below -2, this shows a high probability of a bullish reversal and is therefore a sell signal.
- If the indicator spikes above 2, this shows a high probability of a bearish reversal and is therefore a buy signal.
By the way it is an interesting but funny indicator with an inflated title from Ehlers.
cemal:
- If the indicator spikes below -2, this shows a high probability of a bullish reversal and is therefore a buy signal.
- If the indicator spikes above 2, this shows a high probability of a bearish reversal and is therefore a sell signal.
Dont' you think this should be the other way round?
- If the indicator spikes below -2, this shows a high probability of a bullish reversal and is therefore a sell signal.
- If the indicator spikes above 2, this shows a high probability of a bearish reversal and is therefore a buy signal.
By the way it is an interesting but funny indicator with an inflated title from Ehlers.
I see where you are coming from, but in the article it does state in the article that it's that way round. Yeah it was an interesting one, not one I think i will use though!
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Rocket RSI:
As described in the May 2018 edition of Technical Analysis of Stocks & Commodities by John F. Ehlers. This indicators is an enhancement to the traditional RSI for detecting cyclical reverses.
This indicator has two settings:
How to use this indicator in practice:
An example of this indicator is shown in the image below.
Author: Samuel Williams