Hi Rafael. I just discover your work, thanks a lot for sharing. I was wondering if you could add another line of support and another of resistance to the indicator so that we can see when the price is extremely oversold or overbought, or the prices is sandwiched between the to OS or OB lines. cheers
Jayadevmanyapu
⋅
Keep it up
ICEKI
⋅
This is a unique to fine support and resistance. Although I still need sometime to understand it, but the idea is cool as kurtsmock mentioned as below. Thank You so much RafaelZioni for created this <3
RafaelZioni
⋅
@ICEKI, thanks , wish you the best. in reality it like RSI in different way :) . maybe MTF function would make it nicer . as we can make it like a pivot system with different level 20,30,40,50,60,70,80 etc
That's a cool idea. It actually seems like if you but the orange line (sell) and take partial profits on the blue line (buy), then this would probably be one of the best DCA strategies that's out there. You'd be able to consistently increase your total holding while taking partial profits at good levels. The blue line does not look like a place anyone would want to take full profits, but if you long-term purpose was to just increase the size of your holding through reinvesting... this seems like da-whey.