RSI Power Signal

v10.3
RSI Power Signal

This indicator uses multiple RSI signals to find stress points and consequently a shift in trend strength and momentum. The signals are processed and then displayed as actionable bars:

Dark Green = Early Buy Signal
Dark Red = Early Sell Signal
Light Green = Buy Confirmation Signal (Consider Long Entry) / Exit Shorts
Pink = Sell Confirmation Signal (Consider Short Entry) / Exit Longs
Grey = Entry Invalidated, consider exit or use a tight trailing stop loss
Dark Blue & Magenta = Pullback Imminent

 

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Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

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  1. juanj • 08/10/2020 #

    I would just like to point out that this is a very basic version of this indicator but still provides plenty of functionality. I have however since created a premium version with much more powerful functionality including ZeroLag RSI, RSI Divergence Signals and Consolidation Detection. I have also created a fully functioning automated strategy based on this indicator. For more information on these do not leave a comment but rather visit my profile page.

  2. Madrosat • 08/10/2020 #

    I Have not see a fully functioning automated strategy on your site?? Really have you???

  3. juanj • 08/10/2020 #

    Hi Madrosat, why would it be on my site? I have developed it for my personal use and also to test the efficacy of the indicator. If however you are interested in obtaining the enhanced premium version of the indicator you can contact me by visiting my webpage. (see the info on my profile page)

  4. Madrosat • 08/10/2020 #

    ok I understood you are using prorealcode to hack the fish

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