An RSI based on Constance Brown's work
Updated
Created for ZmDm, this is a an RSI that plots four zones throughout: the Bear and Bull buy zones, and the Bear and Bull sell zones. Brown suggests the important moves are the ones that happen closer to the midline (in any oscillator), hence the four zones.
You would use this alongside other indicators.
You would use this alongside other indicators.
Note
Well, the idea was sent to me by Zach Desm, who wanted me to create an indicator based on Connie Brown's work. I created and then sent him it, and now he is selling an indicator that looks exactly like this...More fool me. I wouldn't be using this indicator anyway - having gone to the source myself, I can see that Zach has misunderstood the original text.
You can get a newer and more updated RSI in my scripts - please use this, for free.
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