Welcome to my simple RSI Curve indicator
to the mathematical background:
This is an experimental adaptive support and resistance study based on the Reverse-Engineered Relative Strength Index (RevEngRSI) by Giorgos Siligardos, along with a zigzag study based on the Relative Strength Index by J. Welles Wilder.
Giorgos Siligardos holds a PhD in mathematics and a market maker certificate in derivatives from the Athens Stock Exchange. He is a developer of financial software and co-author of academic books on finance. Giorgos Siligardos was also a research and teaching fellow at the University of Crete for many years, as well as a lecturer in the Department of Finance and Insurance at the Technological Educational Institute of Crete, where he taught mathematics and finance courses and supervised master's theses.
This is the one time frame limited edition (but changeable).
Levels 3+4 are activated by a break of key levels
What to trade: formations and specific directions of popping up spikes (L3 and L4)
in the end you have to find a eye whats a valid Formation via expirience, BUT if learnt propperly you should be almost one candle before the action in your decission.
It is a optical support indicator, may use MACD Wavetrend or SupportResistance indicators as support
For a optical better clearer picture use "Kelter Worms" as background and disable the fillings in the color-settings
This here is the full featured pro version, multitimeframe and many additional options
to the mathematical background:
This is an experimental adaptive support and resistance study based on the Reverse-Engineered Relative Strength Index (RevEngRSI) by Giorgos Siligardos, along with a zigzag study based on the Relative Strength Index by J. Welles Wilder.
Giorgos Siligardos holds a PhD in mathematics and a market maker certificate in derivatives from the Athens Stock Exchange. He is a developer of financial software and co-author of academic books on finance. Giorgos Siligardos was also a research and teaching fellow at the University of Crete for many years, as well as a lecturer in the Department of Finance and Insurance at the Technological Educational Institute of Crete, where he taught mathematics and finance courses and supervised master's theses.
This is the one time frame limited edition (but changeable).
Levels 3+4 are activated by a break of key levels
What to trade: formations and specific directions of popping up spikes (L3 and L4)
in the end you have to find a eye whats a valid Formation via expirience, BUT if learnt propperly you should be almost one candle before the action in your decission.
It is a optical support indicator, may use MACD Wavetrend or SupportResistance indicators as support
For a optical better clearer picture use "Kelter Worms" as background and disable the fillings in the color-settings
This here is the full featured pro version, multitimeframe and many additional options
![[Mad] Multispikes V2.0 lowTF](https://s3.tradingview.com/a/AeBTuRlK_big.png)
Release Notes:
multibit update
upgrade to V5
upgrade to V5
Release Notes:
Added
Option to enable/disable the levels 0-4
2 different transparencys for the fillings
Option to enable/disable the levels 0-4
2 different transparencys for the fillings