Range Bound Channel Index (RBCI) w/ Expanded Source Types is a reversal and trend indicator. This version includes Bollinger bands to show trend exhaustion
What is Range Bound Channel Index (RBCI)?
Range Bound Channel Index (RBCI) is calculated by using a channel (bandwidth) filter (CF). Channel filter simultaneously fulfills two functions: removes low...
♒ RBCI - Range Bound Channel Index by Cryptorhythms
Intro
This is my best approximation of the RBCI. Its not perfect, but it does the job well enough.
A good way to use it is to enter when the singal line (light blue) RE ENTERS the channel from below. I circled these points on the indicator in green.
Description
Information to create was gathered mostly...
![USDCAD: Range Bound Channel Index (RBCI) w/ Expanded Source Types [Loxx]](https://s3.tradingview.com/q/QcvpUhxM_mid.png "Range Bound Channel Index (RBCI) w/ Expanded Source Types [Loxx]")
