BETA TEST - The RSI Strength
This is going to be a different way to look at the RSI. This is still in development but i want to see what you guys think of this.
Ill be offering this up as a 1 month test run for people to use free. Its not that itll be a paid indicator later on. This is to act as a filter against certain market trends and conditions. Id like to see how you guys use it against Support and Resistance areas and lets see what it plays for you when attempting breakouts.
To get a full detail of what this indicator is doing, check out the video I uploaded for this indicator. If you need a link, just ask.
Comment below showing off your best strategy to use this indicator even if you have to pair it with a secondary one.
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In traditional technical analysis, the Relative Strength Index (RSI) is widely used to assess the magnitude of recent price changes and determine whether a security is overbought or oversold.
RSI values oscillate between 50 and -50, with readings above 30 typically considered overbought and readings below -30 considered oversold.
While RSI provides valuable insights into momentum and potential reversal points, it has certain limitations, particularly in volatile or trending markets.
To address these limitations, the concept of "RSI Strength" is introduced.
RSI Strength is essentially a modified version of the RSI that calculates the amount of strength actually contained or exerted within its most recent move.
Overall, the concept of RSI Strength introduced here offers traders a more nuanced understanding of market dynamics beyond traditional RSI readings on a per candle basis. By taking note of the RSI STRENGTH readings, you can asses if the price movements were enough to shift the market into a new trend, break ranges and previous levels or be a perfect setup for a reversal since the RSI was in its overbought or oversold area and while in that status it breached its 100% of its own strength.
This is a bit of a contest. You guys are the BETA testers and YOU are going to come up with the strategies to use this tool. I already have my own methods. I want to see what YOUVE got to offer.
1. Comment Below to gain access
2. Make sure your Tradingview Username is in your profile on CoffeeShopCrypto
3. You can keep access tor 30 days.
4. During the 30 days you agree to develop strategies of using the indicator
5. Post your strategies in the Community area of CoffeeShopCrypto Here
If yo udo not follow these rules, the indicator will be removed from your chart and you will not gain access in the future.
By accepting you will be accessing a service provided by a third-party external to https://www.coffeeshopcrypto.net/
Comments 60
I sent you a DM. Go Read it.
access granted to the RSI Strength. Its now in your INVITE ONLY SCRIPTS on TRADINGVIEW
Dont forget the agreement is that you need to show a strategy (urs not someone elses) that you have developed for this indicator.
You can pair it with up to ONE other inidicator if you need to.
There is a group discussion specifically for the strategies in the group "Indicator Strategies"
Failure to follow this will result in
A) The indicator falls off your chart
B) When this is applied to the final indicator, you will not have access.
Otherwise.....i Hope you created GREATNESS with this one!
Please add to me the access list. looking forward to testing this with the killer v6 ribbon.
Using it with the Ribbon!>!>! WOW Man thats a big move.
ill need to test some things out there too.
access granted to the RSI Strength. Its now in your INVITE ONLY SCRIPTS on TRADINGVIEW
Dont forget the agreement is that you need to show a strategy (urs not someone elses) that you have developed for this indicator.
You can pair it with up to ONE other inidicator if you need to.
There is a group discussion specifically for the strategies in the group "Indicator Strategies"
Failure to follow this will result in
A) The indicator falls off your chart
B) When this is applied to the final indicator, you will not have access.
Otherwise.....i Hope you created GREATNESS with this one!
Hello
its looking very good and eager to try on trading view. Please grant me access so that i can test it and let you know the results. Thanks
access granted to the RSI Strength. Its now in your INVITE ONLY SCRIPTS on TRADINGVIEW
Dont forget the agreement is that you need to show a strategy (urs not someone elses) that you have developed for this indicator.
You can pair it with up to ONE other inidicator if you need to.
There is a group discussion specifically for the strategies in the group "Indicator Strategies"
Failure to follow this will result in
A) The indicator falls off your chart
B) When this is applied to the final indicator, you will not have access.
Otherwise.....i Hope you created GREATNESS with this one!
Hi, could not miss to engage! Ready to jump in!
access granted to the RSI Strength. Its now in your INVITE ONLY SCRIPTS on TRADINGVIEW
Dont forget the agreement is that you need to show a strategy (urs not someone elses) that you have developed for this indicator.
You can pair it with up to ONE other inidicator if you need to.
There is a group discussion specifically for the strategies in the group "Indicator Strategies"
Failure to follow this will result in
A) The indicator falls off your chart
B) When this is applied to the final indicator, you will not have access.
Otherwise.....i Hope you created GREATNESS with this one!
Hi Eric,
Can I have acces please?
Thank you 🙏
access granted to the RSI Strength. Its now in your INVITE ONLY SCRIPTS on TRADINGVIEW
Dont forget the agreement is that you need to show a strategy (urs not someone elses) that you have developed for this indicator.
You can pair it with up to ONE other inidicator if you need to.
There is a group discussion specifically for the strategies in the group "Indicator Strategies"
Failure to follow this will result in
A) The indicator falls off your chart
B) When this is applied to the final indicator, you will not have access.
Otherwise.....i Hope you created GREATNESS with this one!
May I please have access?
access granted to the RSI Strength. Its now in your INVITE ONLY SCRIPTS on TRADINGVIEW
Dont forget the agreement is that you need to show a strategy (urs not someone elses) that you have developed for this indicator.
You can pair it with up to ONE other inidicator if you need to.
There is a group discussion specifically for the strategies in the group "Indicator Strategies"
Failure to follow this will result in
A) The indicator falls off your chart
B) When this is applied to the final indicator, you will not have access.
Otherwise.....i Hope you created GREATNESS with this one!
It seems to be a powerful indicator. Can I have access to it? I already have a strategy with RSI, I want to see if with this indicator I can filter out some bad entries and share it with you.
Done deal man. access granted to the RSI Strength. Its now in your INVITE ONLY SCRIPTS on TRADINGVIEW
Dont forget the agreement is that you need to show a strategy (urs not someone elses) that you have developed for this indicator.
You can pair it with up to ONE other inidicator if you need to.
There is a group discussion specifically for the strategies in the group "Indicator Strategies"
Failure to follow this will result in
A) The indicator falls off your chart
B) When this is applied to the final indicator, you will not have access.
Otherwise.....i Hope you created GREATNESS with this one!
Good evening bro. Please grant me access. I'm still a big fan of Algo V3, I wanna see how I can use this one with V3. Please load it on username: rationalcryptominds
I'm on a new Tradingview account. Thank you.
Sounds great Eric. Let me at this thing. I got some things to try….
requesting access !
hi can i get access to test it. thank you
I'd like to try to add this to my current TA to see how it "strengthens" it. Much appreciated!! Keep up the great work!
Hi Eric, this looks very interesting! Please can you give me access thanks
I am interested for a test. Thanks