OPEN-SOURCE SCRIPT
Diupdate

[EDU] RSI Momentum Bands

6 830
RSI Momentum Bands serve a purpose to find best RSI momentum for entering a trade.

Indicator is built simply:
1st RSI MA is smoothed RSI by little period, 2nd RSI MA is smoothed RSI by a bigger period.
Then we calculate standard deviation from the 2nd MA and make upper and lower band.

The rules for trades are simple:
  • When RSI is above higher band - Buy;
  • When RSI is below lower band - Sell.


The indicator is for educational purposes only to present trades a momentum bands concepts, widely used across professionals.

Hope you will find it helpful.
Take your profits!

- Tarasenko Fyodor
Catatan Rilis
+ Quick color fix.
Catatan Rilis
+ Filling.

Pernyataan Penyangkalan

Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.