This is an oscillator based on both RSI and Stoch RSI.
During bear runs it stays below zero to prevent unprofitable buys.
When the price is peaking it stays 0 to prevent a damaging buy.
I developed this on TRX/BTC. It is yet to be tested on other pairs.
During bear runs it stays below zero to prevent unprofitable buys.
When the price is peaking it stays 0 to prevent a damaging buy.
I developed this on TRX/BTC. It is yet to be tested on other pairs.
Comment:
Tested the indicator on TRX, EOS, VEN, LTC, BCC, ADA, ONT, YOYO and BTC
Comment:
There is a typical pattern here. Red(Force) Oscillator has many spike downs.
When a spike down has a higher price than previous spike down then you are looking at a clear Higher Low! You can also look at the previous spikes and see the trend of bottoms.
That forms a clear entry point.
When a spike down has a higher price than previous spike down then you are looking at a clear Higher Low! You can also look at the previous spikes and see the trend of bottoms.
That forms a clear entry point.