Splits the RSI in 2 components, the rising and the falling part
- Rising: when RSI is higher than its previous value, this value is stored, otherwise 0. - Falling: when RSI is lower than its previous value, this value is stored, otherwise 0.
A mean average (multiple settings possible) is calculated for both values, giving this indicator
Things to look for:
Rising > falling line = bullish Rising < falling line = bearish
Spikes could possible be a turning point.
Sign for strength, for example, when the falling line is falling, and the rising is rising -> bulllish
Examples of different mean averages: VWMA
WMA
Hull
Also with different lengths for 1, 2, 12h, D and W