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RozaniGhani-RG
Jan 3, 2022 2:56 PM

Cyclic RSI High Low With Noise Filter 

MYX:FCPO1!1D
Crude Palm Oil FuturesMYX

Description

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█ OVERVIEW
This indicator displays Cyclic Relative Strength Index based on Decoding the Hidden Market Rhythm, Part 1 written by Lars von Thienen.
To determine true or false for Overbought / Oversold are unnecessary, therefore these should be either strong or weak.
Noise for weak Overbought / Oversold can be filtered, especially for smaller timeframe.

█ FEATURES
  • Display calculated Cyclic Relative Strength Index.
  • Zigzag high low based on Cyclic Relative Strength Index.
  • Able to filter noise for high low.


█ LEGENDS
◍ Weak Overbought / Oversold
OB ▼ = Strong Overbought
OS ▲ = Strong Oversold

█ USAGE / TIPS
  • Recommend to be used for Harmonic Patterns such as XABCD and ABCD.
  • Condition 1 (XABCD) : When ▼ and ▲ exist side by side, usually this outline XA, while the next two ◍ can be BC.
  • Condition 2 (ABCD) : When ▼ and ▲ exist side by side, usually this outline AB, while the next one ◍ can be BC, strong ABCD.
  • Condition 3 (ABCD) : When ▼ or ▲ exist at Point A, the next two ◍ can be Point B and Point C, medium ABCD.
  • Condition 4 (ABCD) : When ◍ exist at Point a, the next two ◍ can be Point b and Point c, weak ABCD usually used as lower case as abcd.


█ CREDITS
LoneSomeTheBlue
WhenToTrade

Release Notes

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Remove hline(0) and hline(100) for better visibility.

Release Notes

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Add switch for RSI and Cyclic RSI.
Update name for input.
Add option for noise label.
Add credits into comment.

Release Notes

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Add Collapsible code sections for line 13, 24, 34, 39, 52, 77, 90 and 128

Release Notes

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Add alert.
OscillatorsTrend AnalysisZig Zag IndicatorcrsiZigzagoverboughtoversoldnoise
Comments
kennairne
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Great Indicator for exiting a trade. I can't see why so many having hangups about indicators Repainting! Almost every indicator on TV repain
RedKTrader
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Nice work ...! Looking forward for more ..
RozaniGhani-RG
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@RedKTrader, thank you very much for your support.
Trendoscope
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Good job mate.
RozaniGhani-RG
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@HeWhoMustNotBeNamed, thank you mate.
so much need to improve.
Bubba_Ray_Lemon
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@RozaniGhani-RG, any tips on how to work around the repaint? should we always use the zig zag version in conjuncture with the normal?
akashguin
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Total useless full of repaints 😫
RameshAkula
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Repainting very much
zied424
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Hello my friend, how can I put an alert for this strategy?
cocopufftrader
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This is REALLY great, but can you do something about it auto-zooming out so far? The boundaries are incredibly shrunk, have to zoom in EVERY time I switch assets... please make more useable!
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