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- Pubblicato:
- 2016.11.01 15:34
- Aggiornato:
- 2016.11.22 07:32
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It is checking states of RSI (comparing it to levels 30 and 70) and, depending on the breaks of those levels, 3 states of the indicator are plotted:
- upper — when there is a clear break above level 70 and when the state is inherited from the previos bar
- lower — when there is a clear break bellowe level 30 and when the state is inherited from the previos bar
- neutral — when the value is floating between the 40 to 60 values.
This way, the values of RSI are filtered a bit more. Indicator can be applied to other indicators too, and some combinations seem to be interesting (applying this filter to momentum can be interesting, for example).
PS: shorter period of RSI should be used (longer periods of RSI tend to break 30 and 70 levels in fewer occasions and that might limit it in usage — as it is always advised: regular RSI should be used with short periods — up to period 10 is a sort of consensus).
This indicator can be used together with another indicators.
CCI Averages Pre-Filtered
The CCI pre-filtered indicator with an addition of 18 possible types of averages that can be used for pre-filtering.
RSI Floating Levels
Added the filled array for overbought and oversold zones.
Draw Psy Levels
Draws equidistant horizontal lines.
Super Trend Hull Indicator
Super trend indicator that uses hull average for calculation.