Does RSI Follow a Normal Distribution? The value of RSI was converted to a value between 0~2, 2~4, ..., 98~100, and the number of samples was graphed. The Z values are expressed so that the values corresponding to 30 and 70 of the RSI can be compared with the standard normal distribution. Additionally, when using the RSI period correction function of the 'RSI...
Inspired by the latest TASC article, the crocker graph is expanded to show 5 tickers. for commodity also draws a side box with current tickers candles so it can be used as standalone.
The script was hidden due to the reference link. Republishing without any links. If you would like to know more about the formula, just google it. The script is based on the first few results from google search. How to use: adjust the input number and timeframe. It means how far you would like to look back. e.g. weekly timeframe and 12 as input number mean you...
This is a simple script which allows to do slope analysis on any kind of Moving Average. Simply change the moving average function that you wish to work with , in the script. Slope analysis may be required for fine-tuning trade automation software , which uses Moving Average for determining optimum enter/exit point. Read code comments for instructions!
EXPERIMENTAL: Drawing RSI in the 4th dimension(time). It shows the fluctuations of the RSI and price change over a period of time(10) in a scatter like graph. there is a inversion of axis to make possible graphing the 2 properties.
Sir John Templeton “The four most dangerous words in investing are: This time it's different.”