The Relative Strength Index (RSI) , developed by J. Welles Wilder, is a momentum oscillator that measures the speed and change of price movements.
• Traditionally the RSI is considered overbought when above 70 and may be primed for a trend reversal or corrective pullback in price, and oversold or undervalued condition when below 30. During strong trends, the RSI...
This is the entry and exit part of a larger algorithm called the "BERLIN Renegade". It is based on the NNFX way of trading, with some modifications.
For entry, it consists of Modified Chaikin Oscillator and Advanced MACD. The Advanced MACD is not available on its own, but all others are publically
For exit it consists of the DIDI Index and the QQE...
This idea has been created by the combination of the two existing systems as a result of my efforts to create a distributional buying and selling guide that has plagued my head for a long time.
1st idea is Accumulation / Distribution Line :
2nd idea is Distribution Day :
These two ideas, the intellectual assistance of professional brokers, and my observations...