Triple RSI MA Ribbon

٢٢ مارس ٢٠١٥

RSI 7, 14, 50 MA Ribbon

In chart, representing RSI 7 (fast) RSI 14 Normal default and RSI 50 (slow) as a single indicator. With each RSI there is a set of Moving Averages creating a ribbon.

Colors for RSI Ribbon

It uses only four standard colors

• Maroon : Trend is down
  
  
• Green : Trend reversal warning
  
  
• Lime : Trend is up
  
  
• Red: Trend reversal warning
  
  
  
  It is important to look for divergences through multiple time frames MTF. When you are working with a shorter time frame and longer time does not agree. Your odds of scoring a positive trades are reduced. Higher chance of making the correct call with two agreeing RSI MTF divergences.
  
  
  
  Here is an overview of a 1 day chart for EURUSD using RSI MA Ribbon.
  
  
  
  Chart without RSI plotted, only ribbons.
  
  
  
  EURUSD weekly chart depicting several RSI Ribbon divergences.
  
  
  
  EURUSD weekly chart with RSI Ribbon EMAs selected.