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Dynamic Buy And Sell Zones In Real Time
Traditional oscillators like RSI all have one thing in common… they’re either LATE… WRONG… or BOTH. It’s time to start plotting REAL overbought and oversold conditions straight to your chart… dynamically in real time.
The result: You can enter market reversals as they unfold… and ride them alongside the big institutions that are driving them.
It has been claimed that traditional oscillators like RSI do not evolve well with the market, due to their fixed overbought and oversold thresholds. That’s why some traders have introduced their own RSI versions which can dynamically define overbought and oversold regions, adapting to market conditions.
This RSI uses dynamic high line, low line, center line as great replacements for 70 level, 30 level, 50 level of the traditional RSI. The RSI staying above high line signals overbought, while the RSI staying below low line signals oversold.
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