60
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This indicator combines multiple RSI signals to find stress points and consequently a shift in trend strength and momentum. The signals are processed and then intuitively presented with clearly defined actionable outputs.

Bonus: Free Access to my Ultimate and Complete Course on High-Probability Trading!

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The indicator has 3 main components:

  • The Zero-Lag RSI Trend Line (Color coded to help indicate current price action and trend)
  • Divergence Signals in the top and bottom margins
  • Action Bars (Color coded – see explanation for each color below)


Possible Interpretations of Price Action Signals:

  • Dark Green = Early Buy Signal
  • Dark Red = Early Sell Signal
  • Light Green = Buy Confirmation Signal (Consider Long Entry) / Exit Shorts
  • Pink = Sell Confirmation Signal (Consider Short Entry) / Exit Longs
  • Grey = Entry Invalidated, consider exit or use a tight trailing stop loss
  • Dark Blue = Bullish momentum fading pullback/consolidation imminent
  • Magenta = Bearish momentum fading pullback/consolidation imminent
  • Green Dotted Area = Bullish consolidation (market could push higher)
  • Red Dotted Area = Bearish consolidation (market could push lower)

 

All indicators includes free access to my Ultimate and Complete Course on High-Probability Trading (follow link for course content). You will find the link to the course content in the purchase note upon completion of payment.

About Me:

I am a professional ProRealTime developer with 4+ years experience in creating and coding ProRealTime strategies.

You can view my PRC profile here: https://www.prorealcode.com/user/juanj/

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