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CoffeeShopCrypto Discussion started by CoffeeShopCrypto 10 months ago


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 "VIDEOS" link of this group and you'll see a video specific for this indicator
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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.
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CoffeeShopCrypto
CoffeeShopCrypto roxxi if you look at the top left of the screen in this group youll see i have allowed a button to appear which lets group members attach... Show more
https://www.coffeeshopcrypto.net/index.php/lounge/groups/viewgroup/7-indicator-strategies

Indicator Strategies Group

Welcome to the Indicator Strategies group page. Join CoffeeShopCrypto now to start participating in the group. Where users come together, showing what indicators they have…

www.coffeeshopcrypto.net/index.php/lounge/groups/viewgroup/7-indicator-strategies
10 months ago
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technicalFalco6735
technicalFalco6735 what to say no words. need a try! 10 months ago
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CoffeeShopCrypto
CoffeeShopCrypto here we go. i still need to do a video later today.
coffeeshopcrypto.net/index.php/beta-test-the-rsi-s…
https://coffeeshopcrypto.net/index.php/beta-test-the-rsi-strength

Beta Test a Free Indicator or RSI - Blog

Beta test a new version of the relative strength index

coffeeshopcrypto.net/index.php/beta-test-the-rsi-strength
10 months ago
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CSCFoundation
CSCFoundation Can’t wait to test it. Will the strength be able to be customized as well? 10 months ago
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CoffeeShopCrypto
CoffeeShopCrypto CSCFoundation customized how? This is a beta indicator. So far you turn strength on / off or change its colors. Its not meant to be a finished... Show more 10 months ago
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