Trend RSIThis version of RSI shows the proper levels of how to trade price action.
RSI is more than a reversal tool. It is also a trend following tool.
I've added bands to show Overbought/Oversold.
Above 55 is bullish. Below 45 is bearish.
Do not make any transactions in the 45-55 gray band area.
Coupled with a 50/200 EMA strategy this is more than enough to make a living at trading.
Following
Price FlowFor those who like to trade with the trend instead of against it. This little script shows you what side of the daily/weekly/monthly timeframe open, price is currently trading at so that you dont accidentally trade against the higher timeframe momentum. Timeframes are customizable through the indicator settings panel.
