Quote:
Originally Posted by Kalenzo
Hello Traders!
I want to introduce my new Friday invention! 
It is RSI of Moving Average. I thought that this can be a very nice trend identifier. But test it for your self. I hope it will be helpfull. |
I like.
When you have a reversal and strong trend the indicator stays with the trend, unless common rsi that starts yo-yo phase or points to reversal.
Remembering a Tom Hartle Article about this problem of continuous OB/OS when strong trends, I just set the levels with a different value to act in a different way, as choppy market or pullback zone.
Can I suggest to add one input that helps to change the levels color without rewrite the code. SetLevelStyle overrides any change.
(SetLevelStyle(int style , int width, int color)
good.gif