TradingView
D_dot_ZK
9 de Abr. de 2022 2:01

RSI Swing Trading Setup (2-Period) 

SP:SPX1D
S&P 500SP

Descripción

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A simple script that adjusts the RSI visibly in order to better accommodate swing trading and certain swing trading setups/strategies.

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Best used in conjunction with "Linear Regression Channel by LonesomeTheBlue" with 2.2σ (std.dev) and Show Fib Levels.
https://www.tradingview.com/script/efXI515C-Linear-Regression-Channel/
^Click image for a redirect to that script.

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In certain price action patterns:

  • A bearish reversal from a previously bullish move can indicate tops of a rally if the RSI moves from 0-40 to 60 (1)

  • A bullish reversal from a previously bearish move can indicate bottoms of a pullback if the RSI moves from 60-100 to 40 (2)


(USE THE LINEAR REGRESSION CHANNEL TO VALIDIFY THE RETRACEMENTS)

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(1)


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(2)


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OscillatorsRelative Strength Index (RSI)swingtradingrsi2indicators
Comentarios
D_dot_ZK
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Screenshots included highlight the candle low/high for bottoms/tops of pullbacks/rallies even though the Swing-RSI represents the close, an oversight on my part, apologies.
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