Can the inverse of an oscillator help you to forecast support and resistance? This is an experimental adaptive support and resistance study based on Giorgos Siligardos's reverse-engineered relative strength index, or RevEngRSI along with zigzag study based on J. Welles Wilder’s relative strength index. Giorgos Siligardos holds a PhD in Mathematics and a Market...
MultiTimeFrame Reverse Engineering RSI on chart
I merged some of my previous written indicators, because a combination of multi-timeframe Bollinger Bands, RE RSI and Resistance/Support levels could help a lot. Don't forget to add my other useful indicator (Classical SnR) to the chart to maximize your profit!
Another multi-timeframe indicator presents 3 MTF (each) Bollinger Bands and 3 MTF (each) Reverse Engineering RSI and of course with shifting (left/right) capability. RERSI in a simple term is the RSI but on the main chart alongside with candles. There are many adjustable options like: - Show/Hide each BB - Show/Hide each MA - Non-integer BB deviation values -...