This is a modified RSI version using as a source a big length(50 candles) and an average of all types of sources for candle calculations such as ohlc4, close, high, open, hlc3 and hl2 .
In this case we are going to use a 0-1 scale for an easier calculation, where 0.5 is going to be our middle point.
Above 0.5 we consider a bullish possibility.
Below 0.5 we consider a bearish possibility.
I made a small example bot using that initial logic, together with 2 exit points for long or short positions.
If there are any questions, let me know !
In this case we are going to use a 0-1 scale for an easier calculation, where 0.5 is going to be our middle point.
Above 0.5 we consider a bullish possibility.
Below 0.5 we consider a bearish possibility.
I made a small example bot using that initial logic, together with 2 exit points for long or short positions.
If there are any questions, let me know !
🔻My Signals app: https://app.hercules.trading
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🔻Binance : https://cutt.ly/3Fpy1w4
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🔻Discord : https://cutt.ly/kWfhNxo
🔻Telegram : https://cutt.ly/URHIExq
🔻TV : https://cutt.ly/ZFpy695
🔻Premium : https://cutt.ly/HH01C3a
🔻Binance : https://cutt.ly/3Fpy1w4
🔻FTX: https://cutt.ly/QH010oc
🔻Discord : https://cutt.ly/kWfhNxo
🔻Telegram : https://cutt.ly/URHIExq
🔻TV : https://cutt.ly/ZFpy695