The RCCO is simply the plot of the values of both the RSI and CCI added together.
The RCCO makes some adjustments though, so that both the RSI and the CCI will fit correctly on the same scale - and so that these adjustments for scale allow reversals to be detected at crossings.
When the CCI crosses from underneath to up above the RSI, this is usually a bullish reversal. Alternatively, when the CCI crosses from above to back under the RSI, that usually signals a bearish trend. Look for the widest swings you can find to ensure good momentum. The larger the volume, the clearer and more decisive the trends. Low volume will lead to ranging and lazy momentum. High volume will create clear and forceful trends. The lowest negative RCCO in a timeframe, and then add some high volume... and you have yourself a good setup for a successful trade.
Because the RSI and CCI are adjusted, you may not recognize their values from having used the respective indicators on their own. The RSI and CCI values are less important. What matters with this indicator are the crossings and the RCCO value. The RCCO value should be negative, preferably, a deeply negative value. Look at the historical chart for the target per your selected timeframe and decide what values work for you.
I hope you enjoy the RCCO and that it can help you become a little más RICO!
I don't see "MF" on my chart. Is it possible you have an additional indicator turned on your chart?
dpipz85
⋅
What is the MF and the 50 underneath the boxes
unalnaip
⋅
gonna check it, seems interesting
Goku325
⋅
Hi bro is this Binance Rsi Calculations ? It looks like Binance RSI different lengths ! This is what I'm looking for 🤓
empowerZ
⋅
hey @Goku325 no this is RSI(red/green line), CCI(yellow line) and then RCCO, the sum of both(blue line).
the plots are adjusted to make them fit on the same scale and also to make their crossings meaningful. because of the adjustments, the RSI and CCI values may not match values you are used to seeing. Please keep that in mind. The RCCO value is the one that should be noted and as you use it you will find RCCO values that signal for you.
Play around with it and let me know if it helps you. I would appreciate any feedback.
Goku325
⋅
@empowerT, sure bro i will play around it !
empowerZ
⋅
@Goku325, I see a few multi timeframe RSI scripts here on TV, but if you need anything, I love creating these scripts. Message me directly. Please be specific, detailed, what you're looking for.