RSI 7, 14, 50 MA Ribbon

In chart, representing RSI 7 (fast) RSI 14 Normal default and RSI 50 (slow) as a single indicator. With each RSI there is a set of Moving Averages creating a ribbon.

Colors for RSI Ribbon

It uses only four standard colors
  • Maroon : Trend is down

  • Green : Trend reversal warning

  • Lime : Trend is up

  • Red: Trend reversal warning

    ảnh chụp nhanh

    It is important to look for divergences through multiple time frames MTF. When you are working with a shorter time frame and longer time does not agree. Your odds of scoring a positive trades are reduced. Higher chance of making the correct call with two agreeing RSI MTF divergences.

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    Here is an overview of a 1 day chart for EURUSD using RSI MA Ribbon.

    ảnh chụp nhanh

    Chart without RSI plotted, only ribbons.

    ảnh chụp nhanh

    EURUSD weekly chart depicting several RSI Ribbon divergences.

    ảnh chụp nhanh

    EURUSD weekly chart with RSI Ribbon EMAs selected.
Relative Strength Index (RSI)

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