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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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To: Qone0 who wrote (82365)10/24/2023 9:11:31 AM
From: Sun Tzu1 Recommendation

Recommended By
Qone0

   of 96707
 
The indicator is RSI + a forward looking bar hint. The red/green bars are an indicator of the RSI (not of the price). They tell you whether to expect RSI to be heading up or down. Click on my tweet for a better read.

Two things: (1) As you know the RSI could be going up while the price keeps going down. So it is important to keep that in mind. (2) the hint bars only show when there is a need for clarity. When it is obvious where the RSI is headed, I keep them invisible to avoid cluttering the chart and not losing the signal in the noise.

Think of the hint bars as something similar to Scott's dot.
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