New indicator in the pipeline, thought I would break it out for show & tell.
I am short.
COULD REVERSE AND CONTUINUE UP!!!
Qrsi stands for Quantum Relative Strength Index, and uses Heffae adaptive support/resistance maths as well as some other tricks to develop a "price theory" which functions as a type of relative strength within support and resistance channels.
The Quantum RSI you see here is plotted as candlesticks in order to have all four O,H,L,C values on the same oscillator without spaghetti. You can toggle between candles and a regular line for relative strength compared to support and resistance channels. Support and Resistance Values are QUANTIZED at levels 1,2,3,..5,7, etc.
Each whole number (1 thru 10) represents a calculated support or resistance value. You will see that the price often turns around on whole numbers, 4,5,7, etc.
Can also be used just like a classic RSI to spot divergances. It is MUCH better at showing divergences than a regular RSI.
Ground-breaking earth quaking awesome sauce.
In a nutshell, Heffae Qrsi displays the qrsi as the price level relative to the math, where Heffae clouds are the math displayed relative to price.
I am short.
COULD REVERSE AND CONTUINUE UP!!!
Qrsi stands for Quantum Relative Strength Index, and uses Heffae adaptive support/resistance maths as well as some other tricks to develop a "price theory" which functions as a type of relative strength within support and resistance channels.
- How is this better than regular RSI?
- How is this calculated?
The Quantum RSI you see here is plotted as candlesticks in order to have all four O,H,L,C values on the same oscillator without spaghetti. You can toggle between candles and a regular line for relative strength compared to support and resistance channels. Support and Resistance Values are QUANTIZED at levels 1,2,3,..5,7, etc.
Each whole number (1 thru 10) represents a calculated support or resistance value. You will see that the price often turns around on whole numbers, 4,5,7, etc.
Can also be used just like a classic RSI to spot divergances. It is MUCH better at showing divergences than a regular RSI.
Ground-breaking earth quaking awesome sauce.
In a nutshell, Heffae Qrsi displays the qrsi as the price level relative to the math, where Heffae clouds are the math displayed relative to price.
- Now that I have this, do I need regular RSI anymore?
- I mean, is this really BETTER than rsi?
- Can I get the source code in order to see how it works?
- WAIT, WHERE IS THE LINK TO THIS INDICATOR?
SNOW_CITY public chat room - Indicator Q&A
www.tradingview.com/chat/
Indicator access information
pastebin.com/v8sp6Y3R
www.tradingview.com/chat/
Indicator access information
pastebin.com/v8sp6Y3R