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StockMarketCycles

Usage of an enhanced RSI indicator to spot turns

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Bitcoin (BITSTAMP:BTCUSD)  
StockMarketCycles Updated   
BITSTAMP:BTCUSD   Bitcoin
Oscillators Cycles
22
4
oscillator cycles
The following chart shows the enhanced RSI indicator in with the settings of the current dominant market cycle. The cyclic-smoothed (cRSI) indicator is able to indicate price turns analog to indicator turns above/below the cyclic lower/upper much clearer than the basic RSI.

The indicator is available for usage in TradingView:
RSI cyclic smoothed

Trade closed: target reached:
cRSI turned up below bands. Dominant cycle still 61. Lets see...
snapshot
Comment:
Signal Review:
This example was a real live example to follow the cyclic-tuned enhanced RSI with the latest BUY signal @3600 on 17th Sept. with an following +50% upmove to 5500!

snapshot
Lars von Thienen

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