The following chart shows the enhanced RSI indicator in with the settings of the current dominant market cycle. The cyclic-smoothed (cRSI) indicator is able to indicate price turns analog to indicator turns above/below the cyclic lower/upper much clearer than the basic RSI.
The indicator is available for usage in TradingView: https://www.tradingview.com/script/l4tO5Smh-RSI-cyclic-smoothed/
The indicator is available for usage in TradingView: https://www.tradingview.com/script/l4tO5Smh-RSI-cyclic-smoothed/
Trade closed: target reached
cRSI turned up below bands. Dominant cycle still 61. Lets see...Note
Signal Review:This example was a real live example to follow the cyclic-tuned enhanced RSI with the latest BUY signal @3600 on 17th Sept. with an following +50% upmove to 5500!
Lars von Thienen
Join my blog and never miss an update:
stockmarketcycles.substack.com/
Join my blog and never miss an update:
stockmarketcycles.substack.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Lars von Thienen
Join my blog and never miss an update:
stockmarketcycles.substack.com/
Join my blog and never miss an update:
stockmarketcycles.substack.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.