If you're looking to enhance your trading strategy, let me introduce you to the Dslu RSI, an innovative twist on the traditional RSI of average indicator. This version takes a significant step forward, moving away from the standard signal line approach.
The original signal line method relied on specific levels—like 0 for CCI or MACD and 50 for RSI—thinking of these as 'central levels' where oscillators like to hover. But here’s the catch: these levels can seem arbitrary, especially since they’re calculated using price data without considering the actual bull and bear volumes that can give us meaningful levels. The Dslu RSI changes that game. Instead of being fixed to those assumed significant levels, it continually adjusts based on real-time RSI values, making it more responsive to market changes.
Recommendations:
- The same trading tips apply to the Dslu RSI as you would use for the standard RSI of averages.
- Check out the comparison below: the upper line shows the traditional RSI of averages, while the lower line illustrates the Dslu RSI. You’ll notice that the Dslu RSI reacts faster to potential trend changes, giving you a leg up in your trading decisions.
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