This is my Uber Oscillator applied to RSI essentially. So its like an Ultimate Oscillator with more lengths added, but instead of MAs its RSIs. So its a multi-momentum index of sorts. Part of my efforts in realizing the amazing potential of using multiple lengths of an oscillator to get a bigger picture, while also recognizing that simply stacking them on top of eachother is so ugly and hard to read that it can easily result in mistakes if you arent super careful. So this is an attempt to make that clearer.
Note di rilascio
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Changed to fill plot, added customizable weighting and resolution so that you can better stack these on top of eachother.
I'm so happy people are starting to notice this one. I'm pretty sure this is the best oscillator I will ever "create". What I learned that made me build is that the RSI is a legend and necessary for every charter, but I think it could be better and I hope this is it. I only use RSI to see exactly what other people see exactl now.
slowcoconut
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yk, @burgercrisis, I never liked the vanilla RSI indicators out there and stuck with heavily altered stochastic momentum/demark based oscillators -- but this pairs well with them. So finally, thanks to you I may add RSI-based conditions into my strategy. Can't understate how big an achievement that is on your part, crafting something that really works, yk? So thank you. Quick question -- you show four USOs overlaid on one another -- I'd love to know how you did that to bring even more clarity to the big picture. Looks good! lmk
burgercrisis
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@slowcoconut, I just added the indicators to the layout. The fastest will have the biggest sweeps, so I put that in the back with no transparency. Then I basically moved up from there to slower ones, with transparency scaling, with the slowest having the most transparency.
I forgot the settings I used honestly because I am not using this indicator much at the moment. The slowest I believe had a length of 1000 on the slowest of the RSIs. Experiment with settings until you get something you like.