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The use of indicators has value in the sense that it provides objective information.
However, since the indicator is lagging behind (slower change) than the price and trading volume, care must be taken when using it.
To compensate for these shortcomings, support and resistance points are marked.
The RSI and Stoch RSI indicators are used to indicate support and resistance points, and to indicate oversold and overbought zones.
The oversold and overbought sections of the RSI indicator in the price chart are selected as the Close value of the price.
The oversold section and overbought section of the RSI indicator in the Long/Short-S indicator were selected as the Close value of the Heikin Ashi candle.
- Support and resistance points using RSI indicators are indicated by RSI 80 and RSI 20 indicators.
- Support and resistance points using the Stoch RSI indicator are indicated as Low and High indicators.
- In the Long/Short-S indicator, the Stoch RSI indicator was made to be displayed as the middle value of the K and D values.
In addition, the oversold section and the overbought section were made to be displayed, and a line was displayed to determine the strength of the ups and downs.
If it breaks out of the oversold zone and starts to rise, then falls without going up to the overbought zone, it means that the upside is weak.
Conversely, if it breaks out of the overbought zone and starts to fall and then rises without falling into the oversold zone, it means that the bearish force is weak.
- When the RSI and Stoch RSI indicators move out of the overbought zone, it is highly likely to lead to a strong decline.
RSI Indicator, Stoch When the RSI indicator moves out of the oversold zone, it is highly likely to lead to a strong uptrend.
I believe the support and resistance point indicators are weaker than the OBV, -100, +100, HA-Low and HA-High indicators.
However, I think the RSI and Stoch RSI indicators indicate meaningful support and resistance points because they mark the part that corresponds to the end of the wave.
Therefore, I think it can be used as a branch of split trading.
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.
** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
However, since the indicator is lagging behind (slower change) than the price and trading volume, care must be taken when using it.
To compensate for these shortcomings, support and resistance points are marked.
The RSI and Stoch RSI indicators are used to indicate support and resistance points, and to indicate oversold and overbought zones.
The oversold and overbought sections of the RSI indicator in the price chart are selected as the Close value of the price.
The oversold section and overbought section of the RSI indicator in the Long/Short-S indicator were selected as the Close value of the Heikin Ashi candle.
- Support and resistance points using RSI indicators are indicated by RSI 80 and RSI 20 indicators.
- Support and resistance points using the Stoch RSI indicator are indicated as Low and High indicators.
- In the Long/Short-S indicator, the Stoch RSI indicator was made to be displayed as the middle value of the K and D values.
In addition, the oversold section and the overbought section were made to be displayed, and a line was displayed to determine the strength of the ups and downs.
If it breaks out of the oversold zone and starts to rise, then falls without going up to the overbought zone, it means that the upside is weak.
Conversely, if it breaks out of the overbought zone and starts to fall and then rises without falling into the oversold zone, it means that the bearish force is weak.
- When the RSI and Stoch RSI indicators move out of the overbought zone, it is highly likely to lead to a strong decline.
RSI Indicator, Stoch When the RSI indicator moves out of the oversold zone, it is highly likely to lead to a strong uptrend.
I believe the support and resistance point indicators are weaker than the OBV, -100, +100, HA-Low and HA-High indicators.
However, I think the RSI and Stoch RSI indicators indicate meaningful support and resistance points because they mark the part that corresponds to the end of the wave.
Therefore, I think it can be used as a branch of split trading.
------------------------------------------------------------ -------------------------------------------
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.
** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
