current altcoin + BTC (e.g. ADABTC) - green by default
current pair (e.g. ADAUSDT) - blue by default
BTC (e.g. BTCUSDT) - yellow by default
It helps to understand the cause of price change - whether BTC provokes price change or not. Also it shows performance of an altcoin - the bigger gaps between RSIs, the stronger (RSI of BTC is on the bottom)/ weaker (RSI of BTC is on the top) altcoin is.
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Just moved `transp` argument (obsolete soon) into `color.new`
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Add important levels (explanation link in the code)
Add alerts
Add markers, when X RSI crosses up or down BTC RSI
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Some cryptocurrencies has no pair with BTC which caused errors. I have added ability to choose second and third source of RSIs (formerly BTC RSI and X_BTC RSI). Besides the third RSI is hidden by default because there is no way to dynamically set third source in settings. But now it is universal and you can use it not only with cryptocurrencies :)
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New levels: 80 and 20
Additional lines: 75 and 25
Ability to change resolution of #2 and #3 RSI
Separate source and length for all RSIs
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New RSI: "Additional current RSI" - to compare current RSI with different timeframe
What do the red and green bars indicate? Are those buy (green) and sell (red) possibilities?
elolo
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@wijnhoventim, green appears when RSI of an altcoin (e.g. MATICUSDT) crosses up RSI of BTC (e.g. BTCUSDT) and red when crosses down. Bars are only markers placed in order to do not miss that potentially important event. The levels, angles of crossing points and bounces of RSI are important either
nicholasallan92
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FINALLY AN INDICATOR THAT SORTS OUT THE NOISE FOR ALTCOINS. THANK YOU FOR THIS!!!!
elolo
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@nicholasallan92, glad to know it helps :) I started learning 3 moths ago, so I wasn't sure it can be useful.
Thanks for this!
What do the red and green bars indicate? Are those buy (green) and sell (red) possibilities?