John F. Ehlers introuced RSI with Noise Elimination Technology (NET) in Dec, 2020.
Many indicators produce more or less noisy output, resulting in false or delayed signals. Dr. Ehlers proposed “Noise Elimination Technology,” in Dec, 2020. He introduces using a Kendall correlation to reduce indicator noise and provide better...
In this script, I will convert the MyRSI function from John F. Ehlers mentions in the May 2018 issue of Stocks and Commodities. I will build on top of the idea and add a noise elimination Technique presented in the December 2020 issue of Stocks and Commodities.
Is an RSI alike version of the well-known RSI indicator where the output is range-bound...
This is my original indicator - "Net Price Trend".I made a little personal research about how to analyzing price, and had main idea about view of net price (like net volume), when I'd created the oscillator.
Also, I added high and low border based on historical and typical price movement - you can change it on your opinion.
Trade rules are:
- when indicator is...