pi RSI Strategy
piRSI Strategy is based on my relative strength index indicator pi RSI because it uses the first 15 sequential numbers in Archimedes constant "pi" 3.14159265358979.. I felt that the never ending, non-repeated number, pi, was a good candidate for an input that tracks the constantly changing trends these days.
This is a price momentum strategy that helps you evaluate overbought or oversold conditions. By the default colors, when the white line is above the purple it's going bullish. And when the white line is under the purple it's going bearish.
Also, on the scale, 50 is neutral, below 25 is getting oversold and above 75 is getting overbought. This strategy is useful in conjunction with other price and volume indicators / strategies to help redundantly confirm future price action.
I've spent exhaustive effort on new research & development, engineering, back testing accuracy, real time capital testing, & future version revision of my trading indicator / strategy scripts.
This is a price momentum strategy that helps you evaluate overbought or oversold conditions. By the default colors, when the white line is above the purple it's going bullish. And when the white line is under the purple it's going bearish.
Also, on the scale, 50 is neutral, below 25 is getting oversold and above 75 is getting overbought. This strategy is useful in conjunction with other price and volume indicators / strategies to help redundantly confirm future price action.
I've spent exhaustive effort on new research & development, engineering, back testing accuracy, real time capital testing, & future version revision of my trading indicator / strategy scripts.
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www.tradingview.com/u/Options360/
www.tradingview.com/u/Options360/