RSI Scaling (UO)
Plot price scaled by the RSI. Also, plot high and low of the scaled price so that the trend is visible as well as sell-high/buy-low points...
Before the prices change direction, RSI generally makes a double top/bottom... Or a lower high/higher low.
This is more emphasized on the scaled price. You can see the high/low band change direction
Before the prices change direction, RSI generally makes a double top/bottom... Or a lower high/higher low.
This is more emphasized on the scaled price. You can see the high/low band change direction
Versionsinformation:
The band is color filled to show the trend clearly...
Note that while the price can make a higher high, the scaled price can make a lower high. This is a clear sign of reversal. Same for the other direction
Note that while the price can make a higher high, the scaled price can make a lower high. This is a clear sign of reversal. Same for the other direction
Versionsinformation:
Added an outer color band to emphasize the highest highs and the lowest lows