This indicator is designed to provide traders with insights into the relative strength of a security by incorporating volume-weighted elements, effectively combining the concepts of Relative Strength Index (RSI) and volume-weighted averages to generate meaningful trading signals. The indicator calculates the traditional RSI, which measures the speed and change of...
Volume Indicator for Option Trading, it is a simple indicator based on Relative Strength Index. There are two horizontal lines are mention 10 and -10, if bar crossed above the (Line 10) then go for buy and when Bar cross under (Line -10) go for sell side. If Bar Color changed to Respective color of the previous bar i.e. color gets darker then you can exit/...
Description of the SA_RSIvol_ORSI indicator The rsivol indicator has undergone changes and additions. Since this modified indicator is used in the video, I publish it with explanations. First add-on In order to eliminate some delay in the rsivol blue line, A rsivol with a period of 200 was introduced. Then this line became some long-term reference and the...
The second version of the rsivol 2 indicator. Added the channel for charts of price and volume RSI RSI. The channel display is enabled in the settings. ----- Вторая версия индикатора RSIVOL 2. Добавлен канал для графиков ценового RSI и объемного RSI. Отображение канал включается в настройках.
Tactics and strategy The indicator combines 2 variants of the RSI indicator. The first option is calculated relative to the normal close price. The second option is calculated relative to the volume price. The volume price is calculated as the product of the volume price. For normal RSI, the default period is 9, for the volume price . Settings. Level_close sets...