This script uses Heikin Ashi candles to smooth out the candles, then counts how many consecutive candles in a row are the same colour (red or green). It then takes each count and multiples it by the difference between close and open, to provide a weighted movement.
Where larger moves create greater impulses.
RBI is an intricate oscillator that calculates relative breadth of an asset according to its trend. If you want to detect reversals, continuations, trend strength, divergences, and confirm other signals, read on.
Relative Breadth Index has 4 main components:
Fast (White), Medium (Green), and Slow (Red) Oscillators
Overbought and Oversold Thresholds (Shaded...
Arbitrage pulse is used to see the big picture.
The Bright Blue Line can not leave our Year Band (Dark Grey Band)
Whenever our money line (Lime green line) crosses that bright blue line good or bad things happen.
Typically our Major line( Orange Line) supports our money line but when it breaks support look out below!