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Slow RSI

For those who feel that regular RSI is too fast and too noisy to be used on regular trades or in EAs and want to have an alternative to meter the Momentum of the Price, here is a solution presented on the great article of the Technical Analysis of Stocks & Commodities magazine (April, 2015), by Vitali Apirine, called: Slow Relative Strenght Index.

Its reading is almost the same as the regular RSI, but its levels of Overbought and Oversold are 80 and 20 instead. SRSI is very powerful to show divergencies between Price and the oscillator. As with all indicators out there, you must calibrate it to your liking/strategy/symbol/timeframe.


HOW TO READ THE SRSI

  • You can use it as centerline crossovers.
  • Overbought/Oversold (80/20) level analysis.
  • Divergencies between Price and the SRSI.

SETTINGS

  • Period (past bars) for analysis
  • Smoothing level to apply to the RSI result
  • Price Type to use for the analysis
  • Overbought and Oversold levels and Styles


Enjoy!

If you like this indicator, all I am asking is a little Review (not a Comment, but a REVIEW!)...   

This will mean A LOT to me... And this way I can continue to give away Cool Stuff for Free...

With No Strings Attached!  Ever!


Live Long and Prosper!

;)


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    The Pivot Points On-Off  it's a useful indicator if you want a  clean chart  and to take a look to the indicator. You can choose if you want the indicator always shown or always hided while switching among different time frames or financial instruments . Starting from this initial condition it's possible to show/hide   the indicator just pressing the button or using the keyboard. The Pivot Points are calculated with Standard , Fibonacci , Camarilla , Woodie and Demark formulas. As a default f
    30 USD
    Double divergence scanner MT5
    Jan Flodin
    This  multi oscillator, multi time frame and multi symbol  indicator identifies when a divergence occurs between price and one, two or three indicators/oscillators. It identifies both regular/classical (trend reversal) and hidden (trend continuation) divergences. It has RSI and MA trend filter options which makes it possible to filter out only the strongest setups. The indicator can write the signals to a file which can be used by an Expert Advisor for auto trading .  For instance  this product
    39 USD
    FuTuRe 01 Phi Cubic Fractals Pack1
    Claudio De Carvalho Aguiar
    This product contains following indicators: (Lines + LineSAR + Channels + BTL + Ladder) Phi Lines  - special EMAs, similar to MIMAs from Phicube; Phi LineSAR  - erase and highlight Phi Lines in support or resistance. Similart to MIMASAR from Phicube; Phi Channels  - show support and resistance, similar to Phibo from Phicube (Green and Read Lines); Phi BTL  - candles color following Phi Lines alignment; Phi LADDER  - Indicator that allow you to visualize possible targets.  FUTURO Tool Future to
    40 USD
    FX Trend MT5
    Daniel Stein
    ⭐️⭐️⭐️⭐️⭐️ You want to become a constantly profitable 5-star forex trader? ⭐️⭐️⭐️⭐️⭐️ 1.  Read the basic description of our simple trading  system   &  and it's major strategy update in 2020   2.   Send a screenshot of your purchase  to get your personal invitation to our exclusive trading chat FX Trend displays the trend direction, duration, intensity and the resulting trend rating for all time frames in real time. You'll see at a glance at which direction the trends are running, how long t
    50 USD
    Trend Line Map Pro MT5
    Sayadi Achraf
    ⭐️   ⭐️   ⭐️   ⭐️   ⭐️        TREND LINE MAP ⭐️⭐️⭐️   ⭐️⭐️ Trend Line Map indicator is an addons for Trend Screener. Important Note : 1.  Active Signals Performance via  TREND LINE MAP INDICATOR ( Daily Update )    ► Click Here 2. Trend Line Map is a Trend Line Scanner based on Trend Screener Indicator. Please make sure that you get  Trend Screener Pro  before getting Trend Line Map indicator. 3.  If you don't have  Trend Screener Pro  Indicator, the  Trend Line Map Pro  it will
    49 USD
    Follow The Line PRO MT5
    Oliver Gideon Amofa Appiah
    Follow The Line PRO   FOLLOW THE LINE (PRO VERSION) This powerful indicator is the full and complete version of my free indicator called "Follow The Line". IT IS BASED ON the popular maxim that: "THE TREND IS YOUR FRIEND" It gives alarms and alerts of all kinds. IT DOES NOT REPAINT and can be used for all currency pairs and timeframes. AVOID FALSE SIGNALS: BUY ONLY when price closes above the green line and the green line is above the blue channel. SELL ONLY when price closes below the pink
    30 USD
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