TradingView
Jmx
Feb 23, 2018 10:24 PM

RSI Trend Cycle [JMX] 

AMEX:SPY1D
SPDR S&P 500 ETF TRUSTArca

Description

⋅
RSI Trend cycle applies fast stochastics and a cyclic component to smooth out RSI movements and make reading of RSI trends dramatically easier.

Works on any timeframe.

Usage:
- LONG on cross from 0 upwards
- SHORT on cross from 100 downwards

Works best if:
  • traded in the prevailing direction of a market. If the market trend is bullish (like SPY) then you LONG from 0 and step aside on cross down from 100.
  • Used at an interval lower than the one you want to trade (i.e., 1h for intra-day trends, 1d for weekly trends)
  • Paired with an exit signal of your choice (i.e., trendline)





Oscillators
Comments
ShirokiHeishi
⋅
I dismissed this on first blush, but after looking at this, and seeing the similarities to Schaff trend cycles (stochastics applied to a MACD) I realize how powerful this indicator could be. Nice addition to the community!
hpeter31
⋅
Hello Jmx, it is possible to share the script or just the calculation behind it? I want to rewrite it to Metatrader 5 platform. Thanks
misakiii
⋅
Hello sir, is it possible to take a look at the script of this indicator? Thanks.
More