Rci Signal
Description:
The RCI Signals indicator helps identify clear Buy and Sell signals by leveraging the RCI (Rank Correlation Index) technical analysis tool. By tracking the price ranking relationships across three different timeframes (short, mid, and long), this indicator supports traders in detecting potential trend reversals and confirming ongoing trends.
How It Works:
• Calculates the RCI Short (Short-Term), RCI Mid (Mid-Term), and RCI Long (Long-Term) values based on closing prices.
• Provides Buy signals when RCI indicates an upward reversal and Sell signals when a downward reversal is detected.
Trading Signals:
• Buy (Long): When RCI short < mid < long and RCI short begins rising along with price.
• Sell (Short): When RCI short > mid > long and RCI short begins falling along with price.
Features:
• Displays Buy/Sell signals directly on the price chart.
• Optional display of RCI Short, Mid, and Long values for detailed trend analysis.
• Easily customizable RCI periods (default 9, 26, 52 candles).
Benefits:
• Helps identify optimal entry and exit points.
• Reduces trading risks by clarifying market trends.
• Can be flexibly combined with other indicators for enhanced trading strategies.
Usage Instructions:
1. Add the indicator to your chart.
2. Customize the short, mid, and long RCI periods according to your trading strategy.
3. Observe the Buy (Green) and Sell (Red) signals directly on the price chart.
4. Enable the RCI value panel if you wish to monitor detailed RCI calculations.
Note:
• Best used in combination with other indicators for greater accuracy.
• Suitable for both short-term and medium-term trading.
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