RSI con/div a new indicator to confirm buy and sell signals

M

Monster Calls

New member
Hi Peeps, my name is Monster Calls on Twitter and i'm back to trading.
In the past i created an indicator that basically was giving me buy and sell signals with the RSI and i called it RSI Convergence/Divergence. Is basically two RSI, one is an avg between the daily and the weekly(fast line) and the other is the weekly RSI. Both where plotted on the same area and when the fast RSI line was crossing above the Slow RSI line, i was getting a buy signal, viceversa was a sell.

I would like to have an help from you if is possible, to recreate the indicator and i'm happy to share it with all of you.

Could you be so gentle to help me?

Thanks
 
M

Monster Calls

New member
Nathan,

Not really the one i'm looking for.

I don't know how to post a photo here while should be linked to an URL, but what i mean is an RSI with two lines, one is the normal RSI and the other one is the average RSI with daily+weekly

Basically will be similar to an MACD but with the RSI line that cross against eachothers
 
horserider

horserider

Well-known member
VIP
@Monster Calls Take a look at Ultimate RSI multi time frame. Should be on here somewhere I think.
Your description is a bit confusing. Make it clearer and maybe a study can be coded.
 
T

TrueDepth

Member
VIP
What RSI setting for all three RSIs? The default 14?
 
T

TrueDepth

Member
VIP
Also you said " one is an avg between the daily and the weekly(fast line) ". However, the MACD line is the difference of two moving averages. So which is it, an average or a difference?
 

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