Macquarie momentum study
Just a post for posterity to try out the awesome RSI Heatmap (and my RSI with RSIMA which is a more conventional much weaker visualisation of it.
RSI breaking RSIMA on the Daily chart, shown on the Heatmap as a flash of red on the shortest time frame RSI. RSI breaking its average is bearish, as would dragging that average down to breach the neutral 50 level.
In chart pattern terms we have an ascending triangle with price set to revisit support
If I were building signals out of the RSI Heatmap it would involve a shift from red to green at the lowest time frame radiating up in time scale...
RSI breaking RSIMA on the Daily chart, shown on the Heatmap as a flash of red on the shortest time frame RSI. RSI breaking its average is bearish, as would dragging that average down to breach the neutral 50 level.
In chart pattern terms we have an ascending triangle with price set to revisit support
If I were building signals out of the RSI Heatmap it would involve a shift from red to green at the lowest time frame radiating up in time scale...
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