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gbRevEngRSITrend
gbRevEngRSITrend, Ver 1.0, TraderGB, May 29, 2021
Description
:
Uses the Reverse Engineered RSI indicator to determine trend. Fifty on the RSI marks the point where the average of up closes is equal to the average of down closes. If the RSI is above this point the average of the up closes is greater that the down closes and vice versa. Instead of using 50 as the point of demarcation, this indicator accounts for noise by defining upper and lower boundaries above and below 50 (default of 52 for upper and 48 for lower). An uptrend is signaled when a low is printed above the upper boundary plot and a downtrend when a high is printed below the lower boundary plot.
Plots for standard deviation or ATR bands are an additional option that can be employed. The upper deviation plot is a multiple of the StdDev or ATR added to the upper boundary plot. The lower deviation plot uses this same deviation value and subtracts it from the lower boundary plot.
Category
NinjaTrader 8 Indicators and More
Details:
gbRevEngRSITrend
Category:
NinjaTrader 8 Indicators and More
May 30th, 2021
Size: 10.87 KB
Downloaded: 899 times
Keywords:
reverse
rsi
trend
engineered
2382
TraderGB
Comments/ratings
tonguira
May 30th, 2021 10:00 AM
No Comment
guidoisot
May 31st, 2021 12:53 PM
Great indicator. Could you add an option to color paint the background depending on whether the RevRSI(50) is rising or falling? Thank you
Buscador
June 14th, 2021 02:20 PM
No Comment
romus
June 28th, 2021 02:10 AM
Excellent job!
hammyy2k
August 26th, 2021 01:01 PM
Awsome indicator thanks
faithdefender
October 1st, 2021 07:18 PM
I like this.
racecarjw
October 9th, 2021 12:15 PM
GB, your mind works in a strange but good way. I cant wait to try this out in real market conditions. Thank you for sharing with the us less bright bulbs. JW
ballhaj
November 28th, 2022 08:58 AM
Awsome indicator thanks
candy
December 3rd, 2022 03:02 PM
No Comment
peter1
June 20th, 2023 01:01 PM
Thank you for sharing it.
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