RSI Continuous Detection

Introduction

The “RSI Continuous Detection” is an innovative trading indicator developed by TvT Trading. It integrates the principles of the Average Directional Index (ADX) and the Relative Strength Index (RSI) to analyze market trends and pinpoint potential profitable entry points for traders.

Our observations indicate that during a trend, prices typically retract temporarily before continuing in the direction of the prevailing trend. This insight forms the basis of our “RSI Continuous Detection” indicator. The primary aim of this tool is to equip traders with timely and easily digestible information about impending price movements, thereby facilitating informed trading decisions.

Features

• Live analyse price and state of RSI and ADX
• Indicate potentially profitable entry then draw buy/sell arrow on trading chart
• Calculate and draw buy/sell for historical price
• Sound alert for potentially profitable entry
• Multi-asset support
• Allow all timeframe
• Automatic load ADX and RSI when laughing

How It Works

You may hear the phrase “The trend is your friend”, right? When you trade in the direction of the trend, you’re essentially riding the market’s momentum, which can increase the probability of your trades being successful. Trends reflect the collective sentiment of the market participants and often have underlying economic reasons driving them. Fighting against these trends can be akin to swimming against a strong current. Therefore, by adhering to the principle of “The trend is your friend”, you can make more informed trading decisions, reduce unnecessary risks, and enhance your potential for profitable trades. Remember, successful trading is not just about making profits, but also about preserving capital and minimizing losses.

Based on the following trends fundamental. TvT Trading has developed the “RSI Continuous Detection” which leverages the two most popular indicators ADX and RSI. ADX and RSI are the most popular technical indicators used by many traders worldwide.

ADX is primarily used to measure the strength of trends and distinguish between trending and non-trending conditions.

Besides ADX, RSI is also a highly accurate indicator to identify the trend and also good for detecting entry

The “RSI Continuous Detection” has a configurable parameter “Trade on Strong trend only”, true by default. This parameter controls how to identify entry, Notifying entry only if ADX is greater or equals 25.

Besides ADX, RSI StopMove calculates its movement, pattern to identify potentially profitable entries.

Benefits

• Trading without focusing on watching the chart
• Be informed of highly profitable entry
• Single indicator for multi-timeframes, multi-asset.
• Reduce emotion while trading