Trend Following RSI
This Trend Following RSI aims to remove noise, and to provide users with the information that the market is marking up or down. The theory behind is that it adopts a special moving average to calculate the RSI value.
Green line indicates the oversold(30) or overbought(70) of short term trends while blue line does that for long term.
It can be useful if you firstly figure out the long term trend and spot nice trading setups with short term rsi, ie. Buy oversold in short term when long term is overbought( which indicates a strong uptrend).
Hope everyone will prosper in the coming year. If you want to use this TA, drop me a message.
Green line indicates the oversold(30) or overbought(70) of short term trends while blue line does that for long term.
It can be useful if you firstly figure out the long term trend and spot nice trading setups with short term rsi, ie. Buy oversold in short term when long term is overbought( which indicates a strong uptrend).
Hope everyone will prosper in the coming year. If you want to use this TA, drop me a message.