Trend RSI filter for Moving Average
- Göstergeler
- Nikolay Mitrofanov
- Sürüm: 1.0
- Etkinleştirmeler: 5
The indicator averages the price using one of four methods:
- Simple
- Exponential
- Linear Weighted
- Smoothed
Then filters the result through the RSI values.
This results in a line drawn that approximates the trend change in the RSI peak zones.
A convenient option, in addition to its usual use, can be to install two indicators on one chart with high and low RSI prices.
This creates a unique channel where price behavior can be predicted.
There is a setting to enable alerts if the trend changes direction (when the color changes).
