this indicator plots the derivatives of the RSI to get more leading sense of direction of the price
we know that the rsi shows us the momentum of the price, so the easiest/logical way to interpret this indicator and benefit from it is as follows:
- see the price as 'distance'
- see the rsi as 'speed'
- see the rsi/momentum of the above/'speed' as 'velocity'
- see the rsi/momentum of the above/'velocity' as 'acceleration'
once you understand this you can analyse and interpret this indicator to give you a more leading analysis and more accurate entry and exit points.
- also includes the RMA for each RSI derivative which can help for identifying breakouts, direction of price, pivot points and more.
in the above chart
- black is the standard rsi/speed
- orange is the momentum of the rsi/velocity
- green is the momentum of the velocity
we know that the rsi shows us the momentum of the price, so the easiest/logical way to interpret this indicator and benefit from it is as follows:
- see the price as 'distance'
- see the rsi as 'speed'
- see the rsi/momentum of the above/'speed' as 'velocity'
- see the rsi/momentum of the above/'velocity' as 'acceleration'
once you understand this you can analyse and interpret this indicator to give you a more leading analysis and more accurate entry and exit points.
- also includes the RMA for each RSI derivative which can help for identifying breakouts, direction of price, pivot points and more.
in the above chart
- black is the standard rsi/speed
- orange is the momentum of the rsi/velocity
- green is the momentum of the velocity
Versionsinformation:
this indicator plots the derivatives of the RSI to get more leading sense of direction of the price
we know that the rsi shows us the momentum of the price, so the easiest/logical way to interpret this indicatr and benefit from it is as follows:
- see the price as 'distance'
- see the rsi as 'speed'
- see the rsi/momentum of the above/'speed' as 'velocity'
- see the rsi/momentum of the above/'velocity' as 'acceleration'
once you unerstand this you can analyse and interpret this indicator to give you a more leading analysis
and more accurate entry and exit points.
enjoy
we know that the rsi shows us the momentum of the price, so the easiest/logical way to interpret this indicatr and benefit from it is as follows:
- see the price as 'distance'
- see the rsi as 'speed'
- see the rsi/momentum of the above/'speed' as 'velocity'
- see the rsi/momentum of the above/'velocity' as 'acceleration'
once you unerstand this you can analyse and interpret this indicator to give you a more leading analysis
and more accurate entry and exit points.
enjoy
Versionsinformation:
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Versionsinformation:
added more hlines and filled background