Usage of an enhanced RSI indicator to spot turns
Diupdate
The following chart shows the enhanced RSI indicator in with the settings of the current dominant market cycle. The cyclic-smoothed (cRSI) indicator is able to indicate price turns analog to indicator turns above/below the cyclic lower/upper much clearer than the basic RSI.
The indicator is available for usage in TradingView: https://www.tradingview.com/script/l4tO5Smh-RSI-cyclic-smoothed/
The indicator is available for usage in TradingView: https://www.tradingview.com/script/l4tO5Smh-RSI-cyclic-smoothed/
Trading ditutup: target tercapai
cRSI turned up below bands. Dominant cycle still 61. Lets see...Catatan
Signal Review:This example was a real live example to follow the cyclic-tuned enhanced RSI with the latest BUY signal @3600 on 17th Sept. with an following +50% upmove to 5500!
Lars von Thienen
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stockmarketcycles.substack.com/
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