soRSIs - Stochastic RSI versus RSI Group

soRSIs is about collaboration between Stochastic Relative Strength Index (SRSI) with Relative Strength Index (RSI) Group

RSI Group is group from three RSI, by default is 6,14, and 25

How to read:

• If SRSI crossed over RSI Group, it can indicate an uptrend confirmation
  
• If SRSI crossed under RSI Group, it can indicate a downtrend confirmation
  
• If SRSI rejected to cross under RSI Group, it can indicate a correction recovery
  
• If SRSI rejected to cross over RSI Group, it can indicate continuity correction
  
• If RSI group perform descending 25,14,6, it can indicate bearish
  
• If RSI group perform ascending 6,14,25, it can indicate bullish
  
• If RSI group or SRSI reaches overbought line, it can indicate warning for LONG and good for SHORT
  
• If RSI group or SRSI reaches oversold line, it can indicate warning for SHORT and good for LONG
  

It works in all time frames, but please keep in mind, higher timeframe can have stronger confirmation and trend.

The indicator settings:
Show Crossed RSI: default is true, it will show vertical line if RSI1 crossed under/over the RSI2 and RSI3
Source: default value is close, it is the resource when and where data are taken
RSI1: default value is 6, but user can change any value
RSI2: default value is 14, but user can change any value
RSI1: default value is 25, but user can change any value
Overbought: default value is 95, it is horizontal line on the top that indicates over bought or strength index fullness
Overbought: default value is 5, it is horizontal line on the top that indicates over sold or strength index weakness
The rest settings are about Stochastic RSI

เอกสารเผยแพร่:

Added divergence