#RSI PAINT INDICATOR PRO#
#RSI PAINT INDICATOR SERIES#

In fact, I did not even know what the term Forex meant. I didn t grow up to be a trader, I never thought of trading Forex until I was in my 50s.

However, in Forex, we can acquire the skills to be a successful trader. We don t all have the physical skills to play in the NFL. One of the problems however in Forex, just like in football, is that everyone is not going to be Peyton Manning. That is how I view being a successful Forex trader someone who comes to work each day just like any professional, does their job well and then goes on about their day. He knows what he is going to do, when he is going to do it and he has a vision of success that more often than not, he carries out. He is prepared for every game and every play. Peyton Manning, quarterback for the Indianapolis Colts is an example of efficiency in a short time frame.

#RSI PAINT INDICATOR PRO#

Finally, you may combine the color plot with the 30, 50 and 70 threshold lines to determine overbought / oversold and trend bias.1 2010 The RSI PRO Scalping Strategy From You Learn Forex Paul Dean 10/8/10Ģ Introduction The goal of The RSI PRO Scalping Strategy is to make money in an efficient manner using short time frames. One may use the signal lines to determine short term trends and choose between the cross vs. To sum up, the Quantitative Qualitative Estimation is based on the RSI indicator but with a smoother less erratic plot. For more information on the Library Heikin Ashi, please refer to our Spotlight review available here. As one may see, it is also slightly more sensitive with regards to the oversold / overbought thresholds. In the below example we’ve used the basic DanValcu formula which produces a smoother output. However, please then make sure to apply the HAClose plot as input (not the HAOpen plot). For example, you may set the Heikin Ashi Bars (amaHeikinAshi) as input series. This is what one refers to as “nested input”.

#RSI PAINT INDICATOR SERIES#

Heikin Ashi as Nested Inputįinally, you may apply our QQE indicator library version to an input series other than the price. If the RSI then breaks above the 50 benchmark and there’s a fast/slow signal line cross we generate a signal. That may then be one condition whereas the second is looking at the RSI vs. This gives you a bit more texture than simply using the first tick of the regular section should you wish to use the open as a trend filter. In the below chart, we’ve moved on to a 15 min NQ chart displaying the 1 st min of trading during the regular open. Market bias: One may use the 50 midline as a threshold to filter entries, i.e. Overbought / oversold: RSI levels above the 70 level may indicate an overbought scenario whereas values below the 30 level may point to an oversold marketĢ.In addition the QQE indicator has threshold lines to determine: Both “Cross” and “Thrust” trend states can be displayed as paint bars. Applying “Thrust” will delay entries, but also eliminate false signals. The “Thrust” definition however requires trend changes to be confirmed by a thrust bar. With the “Cross” setting, the trend simply reflects the two signal lines.

In addition to the plot colors, two trend definitions are available, namely “Cross” and “Thrust”. A green plot indicates an uptrend, whereas red is used for downtrends. To this end, the color plot between the lines may be interpreted as a trend filter. Short signal when the fast signal line crosses the slow to the downside.Long signal when the fast signal line crosses the slow to the upside.Subsequent versions of the Quantitative Qualitative Estimation indicator feature two signal lines as does our NinjaTrader Indicator Library version. Short signal when the RSI crosses the signal line to the downside.Long signal when the RSI crosses the signal line to the upside.Originally, QQE signals would then plot as follows:

Rsi Paint Indicator