INVITE-ONLY SCRIPT
MATHR3E Range Conquest Index
█ OVERVIEW
MATHR3E Range Conquest Index (RCI) is an arithmetic oscillator for trend analysis.
█ CONCEPTS
Disclaimer
MATHR3E RCI indicator is intended for advanced traders and may fit your profile, whether you are a day trader or a long-term investor.
It was originally developed by a renowned market analyst and documented in numerous books. Among them is the author Jason Perl.
It is recommended to have read the trading techniques mentioned in the books covering this indicator beforehand.
Introduction
MATHR3E RCI can serve several purposes:
• By helping to confirm price reversals.
• By giving low risk potential entry indication
• By outlining the emergence of a price trend
How to use
MATHR3E RCI is a dual oscillator.
Each oscillator compares the price evolution of a given day with that of two trading days earlier.
They differ in the amount of trading bars taken into account when calculating the RCI.
Oscillator values fluctuate between overbought and oversold levels
The time spent above or below these levels is compared to the Duration Analysis parameter (in bars).
When it is greater than this Duration, an excessive move is underway which usually require the oscillator to return to the neutral zone.
Strengths or weaknesses are then detected when the oscillator returns to its zone of excess by marking a mild reading, i.e. spending less time than the duration analysis parameter.
█ FEATURES & BENEFITS
Versatile
The indicator is designed to work with other indicators by the same author, including the identification of exhaustion points.
This indicator can be applied to any market or time frame.
Price Oscillator Qualifier
Identify low-risk buy or sell opportunities with
• Qualified upside breakouts
• Qualified downside breakouts
Fully Customizable
Multiples settings available to configure
• Oscillator Periods
• Duration Analysis
• Overbought and oversold reading
Alerts
Get notified on:
• Weakness signal
• Strength signal
• POQ signals
MATHR3E Range Conquest Index (RCI) is an arithmetic oscillator for trend analysis.
█ CONCEPTS
Disclaimer
MATHR3E RCI indicator is intended for advanced traders and may fit your profile, whether you are a day trader or a long-term investor.
It was originally developed by a renowned market analyst and documented in numerous books. Among them is the author Jason Perl.
It is recommended to have read the trading techniques mentioned in the books covering this indicator beforehand.
Introduction
MATHR3E RCI can serve several purposes:
• By helping to confirm price reversals.
• By giving low risk potential entry indication
• By outlining the emergence of a price trend
How to use
MATHR3E RCI is a dual oscillator.
Each oscillator compares the price evolution of a given day with that of two trading days earlier.
They differ in the amount of trading bars taken into account when calculating the RCI.
Oscillator values fluctuate between overbought and oversold levels
The time spent above or below these levels is compared to the Duration Analysis parameter (in bars).
When it is greater than this Duration, an excessive move is underway which usually require the oscillator to return to the neutral zone.
Strengths or weaknesses are then detected when the oscillator returns to its zone of excess by marking a mild reading, i.e. spending less time than the duration analysis parameter.
█ FEATURES & BENEFITS
Versatile
The indicator is designed to work with other indicators by the same author, including the identification of exhaustion points.
This indicator can be applied to any market or time frame.
Price Oscillator Qualifier
Identify low-risk buy or sell opportunities with
• Qualified upside breakouts
• Qualified downside breakouts
Fully Customizable
Multiples settings available to configure
• Oscillator Periods
• Duration Analysis
• Overbought and oversold reading
Alerts
Get notified on:
• Weakness signal
• Strength signal
• POQ signals
Invite-only script
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact MATHR3E for more information, or follow the author's instructions below.
TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.
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Warning: please read before requesting access.
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⬛ Access to MATHR3E Indicators 📈🔓:
⬛ patreon.com/MATHR3E/
🟩➖➖➖➖➖➖➖➖➖➖➖➖➖➖🟩
⬛ Access to MATHR3E Indicators 📈🔓:
⬛ patreon.com/MATHR3E/
🟩➖➖➖➖➖➖➖➖➖➖➖➖➖➖🟩
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.