Triple RSI MA Ribbon
RSI 7, 14, 50 MA Ribbon
In chart, representing RSI 7 (fast) RSI 14 Normal default and RSI 50 (slow) as a single indicator. With each RSI there is a set of Moving Averages creating a ribbon.
Colors for RSI Ribbon
It uses only four standard colors
In chart, representing RSI 7 (fast) RSI 14 Normal default and RSI 50 (slow) as a single indicator. With each RSI there is a set of Moving Averages creating a ribbon.
Colors for RSI Ribbon
It uses only four standard colors
- Maroon : Trend is down
- Green : Trend reversal warning
- Lime : Trend is up
- Red: Trend reversal warning
It is important to look for divergences through multiple time frames MTF. When you are working with a shorter time frame and longer time does not agree. Your odds of scoring a positive trades are reduced. Higher chance of making the correct call with two agreeing RSI MTF divergences.
Here is an overview of a 1 day chart for EURUSD using RSI MA Ribbon.
Chart without RSI plotted, only ribbons.
EURUSD weekly chart depicting several RSI Ribbon divergences.
EURUSD weekly chart with RSI Ribbon EMAs selected.
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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.
Related publications
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.