The Relative Strength Index Wave Indicator was created by Constance Brown (Technical Analysis for the Trading Professional), and this is a unique indicator that uses the weighted close formula, but instead of using the typical price values, it uses the RSI calculated from the various prices. It then creates a rainbow by smoothing the weighted RSI with four...
*Re-uploading without House Violations* Welles Wilder created the RSI momentum oscillator in the 1970s. It is a momentum oscillator that ranges from 0 to 100. The traditional idea is to buy when the oscillator is below 30 and to sell when it is above 70. However, this strategy often only catches extreme moves and misses majority of the trend. In comes Constance...
Shows divergence spikes between OBV and Constance Brown RSI Trade in the direction of the obv trend when it spikes Includes LazyBear code and A&E's help - very much appreciated Useful for all markets n instruments, i guess
Standard RSI (Relative Strength Index) with 2 EMA (Exponential Moving Averages) calculated from the RSI. Please see "Technical Analysis for the Trading Professional" by Constance Brown CMT. Enjoy!
I am a big fan of Constance Brown. Her book "Technical Analysis for Trading Professionals" is an absolute classic (get the 2nd edition). I have included here 2 of the indicators she uses in all her charts. Composite Index ---------------------------------------- This is a formula Ms Brown developed (Cardwell may not agree!) to identify divergence failures with...