Folded Relative Strength Index [CC]The Folded Relative Strength Index was created by Richard Poster (Stocks and Commodities July 2021 pg 21) and this indicator provides both trend strength but also momentum and of course reversal points using the overbought and oversold markers. If the indicator line is above the mid line then this shows upward momentum and when it falls below the midline then this means it is losing momentum. When the indicator rises above the signal line then this shows upward trend strength and vice versa. Buy when the indicator line turns green and sell when it turns red.
Let me know if there are any other indicators you would like to see me publish!
FOLD
How to Collapse, hide, fold blocks of your codeThis script contains no trading value. This is no indicator.
It is only showing how to use a powerful editor feature:
To collapse (hide, fold) and expand (unhide, unfold) some blocks of your code.
Don't tell me you never wished it was there ;)
Well - it is!
How to enable it?
Look at line 4 of this script. It starts with //, but then there is this "opening curly bracket"
- it marks where block of code starts.
It produces that small arrow near number "4" of the code line, which you can click.
You close the block with "closing curly bracket" in line 18.
Thanks @ricardosantos for showing me this!
Next breakthrough editor feature like that will be Search&Replace. Stay tuned!
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