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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Qone0 who wrote (82365)	10/24/2023 9:11:31 AM
From: Sun Tzu	1 Recommendation Recommended By Qone0 Respond to of 96690

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.

To: Qone0 who wrote (82365)	10/24/2023 10:14:18 AM
From: Sun Tzu	1 Recommendation Recommended By ajtj99 Respond to of 96690

Often those RSI hint bars work like a charm. But you always need to wait for price confirmation because the relationship between RSI and price is not linear.

To: Qone0 who wrote (82365)	10/24/2023 1:23:55 PM
From: Sun Tzu	2 Recommendations Recommended By ajtj99 Qone0 Respond to of 96690

Helping you read it better <g> See how well this prediction game can work :) Side note, that is not your run of the mill RSI. (1) It is not the RSI of the price, though it acts like it. (2) I filter out the noise before processing it...there is no way around the GIGO principle. pic.twitter.com/UORvUNEgzE — Archer (@WallSt_SunTzu) October 24, 2023