Last year, I saw someone using the candle innovation called "RSI Candle" or "RSIC". so let me have the idea of making RSIB. the Candlestick was Steve Nison in the 1990s. He introduced the concept from Japan to America and published it in the book "Candlestick Course". Welles Wilder is the creator of the relative strength index. after several years of commodity trading, Wilder focused on technical analysis. In 1978 he published "New Concepts in the Technology Trading System". RSI is the new momentum oscillator mentioned in the book. then, if you use Bars to display RSI, it might be an artistic idea. everyone is familiar with the method of use.
That's a great idea for trading divergence, can you make the script automatically plot divergence lines and their types ? It will be awesome.
Cotton_and_Silk
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this is a good proposal
totoroha
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Can you update the code so it will show the divergence and trend line?
KUMIKUMI
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Focus on one thing.
mastervotu
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ok but why 60 /40 instead of regular 70 /20 or 80/ 20 ? is there any reason ? and also, if i am tradjng on Ltf (3min to 15 min) what would be the best rsi length ? and same with Htf 1hr above...or 9 ( default) works fine for both time frame.. and lastly thanx for your hard work . looking forward to your respond.
p.s if any other knows the best rsi length for both LTF and HTF ...or have a suggestion feel free to reply..its just i dont know the use of length or how it effects the signal thus cant figured which what would be better rsi length
mias113
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great script, do you think you can add the ma 180 in it please?