PROTECTED SOURCE SCRIPT
♒RBCI - Range Bound Channel Index by Cryptorhythms
♒ 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 here: finware.com/article1.html
RBCI (Range Bound Channel Index) – is calculated by means of the channel (bandwidth) filter (CF). Channel filter simultaneously fulfills two functions:
Removes low frequent trend formed by low frequent components of the spectrum with periods, more T2= 1/fc2;
Removes high frequency noise formed by the high frequent components of the spectrum with periods, less T1= 1/fc1.
👍 Enjoying this indicator or find it useful? Please give me a like and follow! I post crypto analysis, price action strategies and free indicators regularly.
💬 Questions? Comments? Want to get access to an entire suite of proven trading indicators? Come visit us on telegram and chat, or just soak up some knowledge. We make timely posts about the market, news, and strategy everyday. Our community isn't open only to subscribers - everyone is welcome to join.
For Trialers & Chat: t.me/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 here: finware.com/article1.html
RBCI (Range Bound Channel Index) – is calculated by means of the channel (bandwidth) filter (CF). Channel filter simultaneously fulfills two functions:
Removes low frequent trend formed by low frequent components of the spectrum with periods, more T2= 1/fc2;
Removes high frequency noise formed by the high frequent components of the spectrum with periods, less T1= 1/fc1.
👍 Enjoying this indicator or find it useful? Please give me a like and follow! I post crypto analysis, price action strategies and free indicators regularly.
💬 Questions? Comments? Want to get access to an entire suite of proven trading indicators? Come visit us on telegram and chat, or just soak up some knowledge. We make timely posts about the market, news, and strategy everyday. Our community isn't open only to subscribers - everyone is welcome to join.
For Trialers & Chat: t.me/cryptorhythms
Twitter - twitter.com/cryptorhythms
Cryptorhythms Group Chat - t.me/cryptorhythms
Cryptorhythms Group Chat - t.me/cryptorhythms
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.