Theory:
The Rocket RSI is a powerful tool for traders, and in this version, we’ve added a feature that takes it to the next level: pivot calculations. This means you can now enhance your trading strategy with pivot points derived directly from the RSI itself.
Here are the four different types of displays you can choose from:
- Display pivot only
- Display pivot along with 1st level support and resistance
- Display pivot along with 1st and 2nd level support and resistance
- Display pivot along with 1st, 2nd, and 3rd level support and resistance
Keep in mind that the time frame you select will only apply to the pivot calculations. The RSI will always be calculated based on the current time frame.
Usage:
To get the most out of the Rocket RSI, use it as recommended in the original guidelines. This indicator can be a game changer when used correctly.
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