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Hello, please help.
I need an indicator (advisor) that will look for and show on the chart situations like on the screenshots.
The calculations use the usual SAR parabolic and the usual linear regression channel.
the desired formation.
It would be greatly appreciated.
Can RSI be rewritten so that it is displayed as a bar chart with standard levels and the bars change colour according to the Awesome oscillator?
we have to go with the Awesome principle
Like this?
Columns should be built like this. and levels should be like on a standard rsi
Is there any confusion about the levels? The standard RSI is built exclusively above zero.
what if it's based on level 50?
How's that :) ?
How's that :) ?
Although ...
You could. There you go and below is a comparison to the usual RSI: