Cyclic RSI High Low With Noise Filter

3 sty 2022

█ OVERVIEW
This indicator displays Cyclic Relative Strength Index based on Decoding the Hidden Market Rhythm, Part 1 written by Lars von Thienen.
To determine true or false for Overbought / Oversold are unnecessary, therefore these should be either strong or weak.
Noise for weak Overbought / Oversold can be filtered, especially for smaller timeframe.

█ FEATURES

• Display calculated Cyclic Relative Strength Index.
  
• Zigzag high low based on Cyclic Relative Strength Index.
  
• Able to filter noise for high low.
  

█ LEGENDS
◍ Weak Overbought / Oversold
OB ▼ = Strong Overbought
OS ▲ = Strong Oversold

█ USAGE / TIPS

• Recommend to be used for Harmonic Patterns such as XABCD and ABCD.
  
• Condition 1 (XABCD) : When ▼ and ▲ exist side by side, usually this outline XA, while the next two ◍ can be BC.
  
• Condition 2 (ABCD) : When ▼ and ▲ exist side by side, usually this outline AB, while the next one ◍ can be BC, strong ABCD.
  
• Condition 3 (ABCD) : When ▼ or ▲ exist at Point A, the next two ◍ can be Point B and Point C, medium ABCD.
  
• Condition 4 (ABCD) : When ◍ exist at Point a, the next two ◍ can be Point b and Point c, weak ABCD usually used as lower case as abcd.
  

█ CREDITS
LoneSomeTheBlue
WhenToTrade

3 sty 2022

Informacje o Wersji

Remove hline(0) and hline(100) for better visibility.

8 sty 2022

Informacje o Wersji

Add switch for RSI and Cyclic RSI.
Update name for input.
Add option for noise label.
Add credits into comment.

25 mar 2022

Informacje o Wersji

Add Collapsible code sections for line 13, 24, 34, 39, 52, 77, 90 and 128

6 cze 2022

Informacje o Wersji

Add alert.