RSI output signals are displayed with color change to reflect the plotted value. This makes evaluating RSI conditions require but a glance.
RSI momentum buy signals are given on the cross of the 50 level, whereas sell signals are given on a fall below.
Default values a 5 period RSI which gives more timely entrances and exits for swing traders. This can be adjusted to the typical 14 period if the viewer desires slower signals.
Bullish and bearish area is shaded to accentuate the signal to the eye.
Excellent results can be found when coupling BJ RSI, with BJ TSI, and the reversal system using all 3 as a complete together simultaneously
Default color changes are plotted as a recorded value falls within the following levels:
RSI < 30 = green RSI 30-50 = red RSI 50-70 = blue RSI 70-80 = yellow RSI 80-90 = orange RSI 90-100 = white hot
เอกสารเผยแพร่
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*ALL NEW*
RSI is now fully customizable at each 5 cent increment. Create your own color schemes outside of default to alter the plot color at any RSI level you choose
เอกสารเผยแพร่
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Dual speed selector
Fast (default) uses typical BJ RSI inputs for a 5 period RSI. Best for swing trading - quick signals, more whipsaw
Slow (optional) uses a standard RSI input of 14 periods. Better for longer holds or volatile assets - less whipsaw, later signals
The user can select desired speed by simply selecting the drop down box to vary between user defined input lengths
Added alert function for RSI crossing 50. Alert specifies time period triggered and price at time of alert
เอกสารเผยแพร่
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Added optional toggle on input screen that will change the bar color to the user defined color values inline with RSI values.
*Default is to not show bar color user must opt for the function*
เอกสารเผยแพร่
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ALL NEW FEATURES
Multi-timeframe options allow for a view of higher time frame momentum
2 new color schemes have been added. Heat Map and Tri-color gradients
Overbought and Oversold lines are now selectable at your desired levels.
New directional alerts for crosses of the mid line, and the custom OB/OS levels
Bar color can now be used on the new color schemes
@kaskam, bar color in setting already active. what to do next please
kaskam
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@devyanigpise, I don't see why it shouldn't work for you. Just to make sure we are on the same page, here's the path to get to the bar color settings am talking about.
Click on settings on the indicator BJ RSI, then click Inputs, Scroll down till you see "Toggle For Bar Color". Make sure that box is checked. Your bar color should have changed. You can change the colors to what is more comfortable for you
LittleBanii
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This is a good complement confirmation ot my trading and a neat design as well. Brilliant!
Bjorgum
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@stock_hermawan, Thank you, I am happy it helps you. So often the simplest strategies are the most effective! GL