Download SRC INDICATOR

Discussion in 'Indicators' started by GOODMEN, 27 March 2021.

  1. GOODMEN

    GOODMEN Administrator
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    #1 GOODMEN, 27 March 2021
    Last edited by a moderator: 1 April 2021
    SRC INDICATOR

    The Relative Strength Index ( RSI ) is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of any financial asset. The RSI is displayed as an oscillator (a line graph that moves between two extremes) and can have a reading from 0 to 100. The indicator was originally developed by J. Welles Wilder Jr. and introduced in his seminal 1978 book, "New Concepts in Technical Trading Systems." Smoothie RSI Cloud ( SRC ) is a hybrid version of that same standard RSI which is a very powerful indicator that has every feature like the standard RSI , for example, it provides technical traders information about bullish and bearish price momentum, and it is often plotted in “Existed pane below”. An asset is usually considered overbought when the SRC is above 70 and oversold when it is below 30.

    A bullish divergence occurs when the SRC create an oversold reading followed by a higher low that matches correspondingly lower lows in the asset price. This indicates rising bullish momentum, and a break above oversold territory could be used to trigger a new long position. A bearish divergence occurs when the SRC creates an overbought reading followed by a lower high that matches corresponding higher highs on the price.

    This indicates weakness in the trend and bearish momentum getting stronger which can signal for a new short position. Being an advanced form of regular RSI our indicator usages some well-known other calculations like weighted moving average ( WMA ) which determines trend direction more accurately than the simple moving average ( SMA ), and it assigns identical weights to all numbers in the data set. The smoothed period is also used which we can also set manually from setting and they all are calculated together with RSI value to make this wonderful indicator work in action.

    It has beautiful colored clouds that aware market players of the current market sentiment & momentum. Light blue color indicates bullish sentiment situation or bullish momentum strengthening and light red color indicates bearish sentiment situation or bearish momentum strengthens. Those can be used to judge the optimistic or pessimistic mode of the overall market in that period of time. SRC lines are advance and it reflects light blue when the actual price of the asset is appreciating and its color change into light red when the actual price of assets is devaluing. The vertical transparent red color on the indicator indicates the SRC line crossing above or below 70 or 75 overbought lines. While the light blue color indicates the SRC line crossing lower or above 30 or 25 of the oversold level.




     

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  2. GOODMEN

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  3. siamak

    siamak Member

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    Hi Admin
    I have it for free
    Can i send here for friends ?
     
  4. Admin

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    yes
     
  5. Admin

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  6. GuliwerFX

    GuliwerFX New Member

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  7. GOODMEN

    GOODMEN Administrator
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    hi
    no mq4