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RCI 3 Lines

3

RCI is one of the technical charts and is an abbreviation that stands for "Rank Correlation Index". It is an index to judge overbought or oversold based on how much the latest stock price has risen or fallen. RCI ranks dates and prices over a period of time and indexes the correlation between -100% and + 100%. For example, if the calculation period is 9, it will be + 100% if the price continues to rise for 9, and -100% if the price continues to fall for 9. Generally, it is judged that it is overbought at + 80% or more and oversold at -80%.


Reviews 2
vista_vz
41
vista_vz 2021.05.16 21:06 
 

thank you sir nice indicator...it seems so good...can you pls make it for mt5 too??

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ThorstenKock
2584
ThorstenKock 2021.05.31 21:03 
 

Absolutely useless in live trading. No one needs this indicator. It's a worthless loss bringer. Don't waste your time on it

vista_vz
41
vista_vz 2021.05.16 21:06 
 

thank you sir nice indicator...it seems so good...can you pls make it for mt5 too??

Masashi Shimamoto
2410
Reply from developer Masashi Shimamoto 2021.05.17 20:42
Thank you for the review. I'm sure I'll make it for MT5 when I have some time.
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