WHAT IT IS:
Moving averages of RSI are multiplied by Fibonacci harmonics to create "RSI Bollinger Bands."
EFFECT:
RSI bouncing off these Bollinger Bands (BB) predict reversals. Explained below:
1. When RSI touches the green multiples, it is overbought/oversold on the LTF.
2. If RSI touches orange multiples, it is EXTREMELY overbought/oversold on the HTF (don't miss out on these).
HOW IT WORKS:
The green pair of MAs are 1.141 and 0.786 which form the LTF signals. The lines restrict quick movements which aids in day-trading and scalping.
The orange pair of MAs are 1.272 and 0.618 which from the HTF signals. The liens restrict large movement which aids in swing trading and spot investing.
Moving averages of RSI are multiplied by Fibonacci harmonics to create "RSI Bollinger Bands."
EFFECT:
RSI bouncing off these Bollinger Bands (BB) predict reversals. Explained below:
1. When RSI touches the green multiples, it is overbought/oversold on the LTF.
2. If RSI touches orange multiples, it is EXTREMELY overbought/oversold on the HTF (don't miss out on these).
HOW IT WORKS:
The green pair of MAs are 1.141 and 0.786 which form the LTF signals. The lines restrict quick movements which aids in day-trading and scalping.
The orange pair of MAs are 1.272 and 0.618 which from the HTF signals. The liens restrict large movement which aids in swing trading and spot investing.