Similar to Bollinger Bands, this indicator uses standard deviations but from Adaptive Rebound Lines (See: 'ARL'). The adaptiveness of the 'ARL' is further affected by volatility and helps greatly in spotting the possible strength and direction of rebounds. All this information is presented with minimal lag thanks to the rebound qualities of the 'ARL' adapting to...
This indicator uses bands to show the trend of other bands. The middle bands are used to show the price trend and the other bands are for the middle bands. The Spike and Plunge bands can also act as a sort of "Bollinger Bands" for middle bands, though not exactly. ----- HOW TO USE IT ----- Zoom out in the 30 minute chart. Use 15 minute chart to pinpoint your...
The RSI only plots itself between a high and a low value. It does not show its bullish/bearish sentiment. The RSI TV shows the sentiment and helps anticipate the RSI trend but not the price trend. When the Trend Veracity Line is in green, there is bullish sentiment. When it is in red, there is bearish sentiment. The closer the lines get to their extremities, the...