The Relative Strength Index Wave Indicator was created by Constance Brown (Technical Analysis for the Trading Professional), and this is a unique indicator that uses the weighted close formula, but instead of using the typical price values, it uses the RSI calculated from the various prices. It then creates a rainbow by smoothing the weighted RSI with four...
Constance Brown Composite Index was developed by Miss Brown.
It is an alternative to the classic RSI , but responds better regardless of trending or ranging markets.
If you are not familiar with this tool, you could read her book "Technical Analysis for the Trading Professional, Second Edition". Some free materials can also be found on the web explaining the core...
*Re-uploading without House Violations*
Welles Wilder created the RSI momentum oscillator in the 1970s. It is a momentum oscillator that ranges from 0 to 100. The traditional idea is to buy when the oscillator is below 30 and to sell when it is above 70. However, this strategy often only catches extreme moves and misses majority of the trend.
In comes Constance...
Composite Index by Constance Brown mixed with built-ins Divergence Indicator
useful indicator to find divergence
this script find divergence automatically for you
Application of concepts from Constance Brown "Technical Analysis for Trading Professionals", specifically: Chapter 7: Price Projections By Reverse Engineering Indicators , and Chapter 8: Price Objectives Derived From Positive and Negative Reversals In The RSI .
Specifically: I wanted to see if better Exit signals for the RSI could be generated from a basic...
The "AC-P" version of the Derivative Oscillator is my personal customized version of Constance Brown's Derivative Oscillator (using Everget's implementation of it as the base), with the the following modifications and additions:
VWAP Indication - option to show whether the price input option is above or below the Daily VWAP (red triangles = price input is...
One of the most powerful indicator based and divergence strategies i have ever seen was made by Constance Brown.
The Composite Index:
The best way to think of the Composite Index as it applies to the RSI is to think of the RSI as Windows 3.0 and the Composite Index as Windows 10. Constance Brown discovered that the RSI, while it does create and detect...
Minor modification to Everget's implementation of Constance Brown's Derivative Oscillator.
Toggles for DOSC Columns, Line, Circles
Signal line toggle
Color change
Misc. Comments + Source attribution
Parallel version of CBCI Cu + RSI w/ SMA and EMA. It's both indicators, but combined into one indicator space with an adjustable bidirectional offset for the spacing and location.
According to Constance Brown, both the CBCI and RSI are technically supposed to be used in tandem to easily spot divergences - this is an attempt to put that into practice, in one...
![AAPL: Relative Strength Index Wave Indicator [CC]](https://s3.tradingview.com/w/W9uJOvkF_mid.png "Relative Strength Index Wave Indicator [CC]")
![XBTUSD.P: Derivative Oscillator Cu [ID: AC-P]](https://s3.tradingview.com/9/9Wp8VPYf_mid.png "Derivative Oscillator Cu [ID: AC-P]")
![BTCUSD: RSI + Composite Index [SHK]](https://s3.tradingview.com/s/sxVAwZED_mid.png "RSI + Composite Index [SHK]")
