DK RSI [NMTUAN]
A basic RSI DK indicator typically consists of the following components:
The Main RSI Line: Usually set to a period of 14, this is the most common line for most traders. It provides an overall view of market momentum.
The Short-Term RSI Line: Usually set to a period of 7, 5, or even 3. This line moves faster and is more sensitive to short-term fluctuations. It can be used to identify early entry/exit points.
The Long-Term RSI Line: Typically set to a period of 21, 28, or 30. This line moves more slowly, providing a stable view of the long-term trend. It helps filter out "noise" and confirm the main trend.
How to Use RSI DK
Combining multiple RSI lines offers several advantages:
Signal Confirmation: When different RSI lines confirm a signal (e.g., all are in the overbought or oversold zone), the reliability of that signal increases significantly.
Divergence: This is one of the strongest signals of the RSI. With RSI DK, traders can easily spot potential divergence signals when a short-term RSI line diverges from price, while the long-term RSI line is still confirming the trend.
Crossovers: Similar to other momentum indicators, crossovers between RSI lines in RSI DK are also very useful. For example, when the short-term RSI line crosses above the long-term one, it could be a signal that upward momentum is gaining strength.
Multi-Timeframe Analysis: RSI DK lets you analyze momentum across different timeframes right on one chart, which saves time and improves analysis efficiency.
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Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact ptkt_vuong directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.