Variety RSI w/ Fibonacci Auto Channel [Loxx] is an RSI indicator with 7 different RSI types and 4 Fibonacci Channels. This indicator has signal crossing options for signal, middle, and all Fibonacci levels. Bar and fill coloring is using a signal-determinant gradient coloring system to show signal strength or weakness.
What is RSI? The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of a security's recent price changes to evaluate overvalued or undervalued conditions in the price of that security.
The RSI is displayed as an oscillator (a line graph) on a scale of zero to 100. The indicator was developed by J. Welles Wilder Jr. and introduced in his seminal 1978 book, New Concepts in Technical Trading Systems.
The RSI can do more than point to overbought and oversold securities. It can also indicate securities that may be primed for a trend reversal or corrective pullback in price. It can signal when to buy and sell. Traditionally, an RSI reading of 70 or above indicates an overbought situation. A reading of 30 or below indicates an oversold condition.
Included
Bar coloring
6 types of signal crossing options
Alerts
Loxx's Expanded Source Types
Loxx's RSI Variety RSI types
Informacje o Wersji
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Cleaned up input formatting.
Informacje o Wersji
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Small coloration fix, some bars were disappearing.
very nice! please have something with RSI and bollinger bands and divergence sir
Ski5iS
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This is the best combination of RSI with floating Fibonacci levels. You are ingenious Loxx! Thanks for sharing your incredible scripts. Highly influenced by your work and there is so much to learn and understand from!
kamlesh512
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Dear sir , i just read about btc fall the fall is a buy signal it would definately recovered n cross above rhe fall in the month
kamlesh512
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Dear sir, you re really great when you gets into deep of any indicator and brings out best across community. i wish you glance over volume entropy and bernouli entropy. i am damn sure entropy and probsbility cone would be born of Robinhood indicator. Thanks a ton.