need help to fix the format of volume scale Dude! R u fucking kidding me right now?!
Ahaahha I developed a very similar indicator that I cleaned up today while finding issues related to live...
I have had the opportunity to test the SCS RSI Strength indicator. I am currently using it in combination with the CSC-Histo Macchiato. I changed colors and thickened lines. In the screenshot, I explain how I derive validating entries. This is just my own little strategy I have been working on and I now have the use of the SCS RSI Strength indicator to help me define when PA is valid for shorts or longs. I particularly like the SCS Histo Macchiato, but I need to physically draw in my levels to define upper and lower levels which I mark in thick purple line at 40 and -40, then I also draw in a secondary dotted line at 32 and -32. Eric, is it possible to add a code to the SCS Histo Marcchiato that allows use to add these levels. As regards the SCS RSI Strength, I see this as a powerful tool to use in combination with the CSC Histo Macchiato. I am still forward testing and look forward to seeing how others are using this indicator.
roxxiUPDATE on trading with RSI Strength over the past week. A really powerful tool particularly if you are trading tight StopLoss. Given that some...UPDATE on trading with RSI Strength over the past week. A really powerful tool particularly if you are trading tight StopLoss. Given that some assets are fast movers and some are slow, it would be prudent to say that one needs to have a relationship with at least one pair and study its behaviour. In my case I am using RSI Strength on the NAS and like to to top down analysis. Whilst I gauge what H4 H1 m30 are doing, I typically trade off the m15. However I find that it is equally important to read the m5 RSI Strength and SMA. Since NAS can be volitile, the m5 can get you out of a winning trade that does a sudden pullback. For this example I refer to a BULL trade. If I am bullish and SMA is above 0 and the rest of the ma's/rsii's all climb above, then you go with the bulls. However, the RSI strength is an active moving RSI at a faster pace. Therefore, If the SMA oscillates within the parameters of the range (10/10 channel), and RSI Strength starts to move to cross below 0, this affects SMA behaviour. I established that the SMA (being inside upper 10/-10 range) will naturally be drawn to cross below 0 as the Strength RSI pulls below zero. Obviously if SMA in an upside move trends outside and beyond 10/10 range, then when Strength RSI decide to cross below zero, it is less likely that SMA will move to follow Strength RSI to the other side, meaning, that you can hold your Bullish trade longer, till SMA moves back into 10/10 range. In conclusion. SMA that holds position inside the parameters of the grey 10/10 range is more likely to reverse trend as Strength RSI makes its way to the opposite side. SMA that violates outside 10/10 range has stronger likelihood to maintain a trend, even if Strength RSI swings to the opposite side. Show more3 months ago