Dear Lucky Trader Who Has Stumbled Across This Indicator,
Well done. You have found a gem. Install this indicator now on your chart, set the timeframe to 1440 (day scale), set the RSI length to 2, and set the lower band to 10 and the upper band to 90 (or 85 or so if you must). Take a look at every major giant shift upwards, those gigantic runs that you wish you could find the start of, yes, you can now see them clearly. The new precedent-setting mountain climbers will always begin by busting out of the upper band.
Using a tick box, I have hidden every aspect of these bands apart from that upper "sob" line, which I converted from circles to a solid line. Now there is a big thick purple line up there above my candles, waiting to tell me about the major breakthroughs. Alternatively, you could make the background change to a different color if the closing price is above the line, so you never even see the line until you cross it, at which point you could enable it again.
Do good work, and don't forget to have fun.
thisismodernity
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Alternatively, you can try 240 or 480 as timeframe (4 or 8 hours), instead of daily.
Juhi2709
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@thisismodernity, hey brother, can you explain with an example if you don't mind?
Well done. You have found a gem. Install this indicator now on your chart, set the timeframe to 1440 (day scale), set the RSI length to 2, and set the lower band to 10 and the upper band to 90 (or 85 or so if you must). Take a look at every major giant shift upwards, those gigantic runs that you wish you could find the start of, yes, you can now see them clearly. The new precedent-setting mountain climbers will always begin by busting out of the upper band.
Using a tick box, I have hidden every aspect of these bands apart from that upper "sob" line, which I converted from circles to a solid line. Now there is a big thick purple line up there above my candles, waiting to tell me about the major breakthroughs. Alternatively, you could make the background change to a different color if the closing price is above the line, so you never even see the line until you cross it, at which point you could enable it again.
Do good work, and don't forget to have fun.