RSI Scaling (UO)

14 thg 10, 2019

Plot price scaled by the RSI. Also, plot high and low of the scaled price so that the trend is visible as well as sell-high/buy-low points...

Before the prices change direction, RSI generally makes a double top/bottom... Or a lower high/higher low.

This is more emphasized on the scaled price. You can see the high/low band change direction

14 thg 10, 2019

Phát hành các Ghi chú

The band is color filled to show the trend clearly...
Note that while the price can make a higher high, the scaled price can make a lower high. This is a clear sign of reversal. Same for the other direction

14 thg 10, 2019

Phát hành các Ghi chú

Added an outer color band to emphasize the highest highs and the lowest lows