PROTECTED SOURCE SCRIPT
UTG - RSI
Updated
We've taken the RSI moving oscillator, given it the classic UTG flair & made it more useful.
We're always talking about how there are a few key levels on the RSI indicator that give us the indication of whether we are bullish or bearish.
- We've added those key levels into the RSI indicator.
- Added the 50 level as our key swing into the bearish or bullish territory.
- The RSI often uses the 50 level, to maintain a level of support or resistance and usually maintains this throughout its market cycle.
- Using the green and the red areas, this tool allows you to swiftly identify which market cycle the chart you're looking at is in.
- We'll be adding more functionality as times goes on!
Enjoy, it's free!
We're always talking about how there are a few key levels on the RSI indicator that give us the indication of whether we are bullish or bearish.
- We've added those key levels into the RSI indicator.
- Added the 50 level as our key swing into the bearish or bullish territory.
- The RSI often uses the 50 level, to maintain a level of support or resistance and usually maintains this throughout its market cycle.
- Using the green and the red areas, this tool allows you to swiftly identify which market cycle the chart you're looking at is in.
- We'll be adding more functionality as times goes on!
Enjoy, it's free!
Release Notes
The Relative Strength Index (RSI), developed by J. Welles Wilder, is a momentum oscillator that measures the speed and change of price movements. ADD- RSI divergence and this shows traders when price action and the RSI are no longer showing the same momentum. The RSI shows the magnitude of a price move in a specific timeframe. The RSI is one of the most popular oscillators used in technical analysis. A divergence looks at it in relation to the current price action. When RSI stops breaking out to higher highs during an uptrend in price or breaking down to lower lows when price is in a down trend then it is said to be an RSI divergence.Release Notes
Added Alerts for All DivergencesAdded the ability to adjust the OB and OS levels and set Alerts for them
Release Notes
Upgraded to version 5
Tidied up settings menu for ease of use
Added Moving Averages plots
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