OPEN-SOURCE SCRIPT
RSI Projection v1
Application of concepts from Constance Brown "Technical Analysis for Trading Professionals", specifically: Chapter 7: Price Projections By Reverse Engineering Indicators, and Chapter 8: Price Objectives Derived From Positive and Negative Reversals In The RSI.
Specifically: I wanted to see if better Exit signals for the RSI could be generated from a basic application of some of the concepts in those chapters, and that is what I've found so far:
Specifically: I wanted to see if better Exit signals for the RSI could be generated from a basic application of some of the concepts in those chapters, and that is what I've found so far:
- Exit when the RSI (purple) crosses below the orange line
- Orange line is forecasted RSI for positive price reversals, blue line is forecasted RSI for negative price reversals
- From what I can tell, this indicator does not work well during chop/consolidation and ranging periods, generating too many false signals without additional confluence from trending indicators and price analysis
- This indicator should be considered highly experimental - do not use live trading without proper backtesting and parameter adjustment.
- Tuning per asset and timeframe is required due to calculation type for highs/lows used for projection calculations
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开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。