Advantage RSI Ultimate

New Life of Old School Indicator


RSI Paintbar
RSI Heat Map
RSI Bands


Full range of possibilities
Every trader knows that Relative Strength Index (RSI) oscillates between 0 and 100. And pretty much every trader knows that when 14-period RSI goes above 70 market is overbought and if it drops below 30 market is oversold. At least this is what the books say.

Closer look reveals that only RSI(2) gets readings close to 0 or 100. If we take most popular RSI(14) we will rarely get the reading above 85 or below 15, and RSI(30) will barely go above 75 or below 25. Therefore oversold and overbought zones that are 30/70 for RSI(14) will almost never be reached by RSI(30) and are frequently crossed by RSI(2). So comparing short-/mid-/long- term readings of RSI gives no credible information to the trader.

Idea behind developing Advantage RSI was an adjustment of regular RSI to get normalized readings regardless of calculation period. This way trader can compare, add, subtract or average RSI readings of different periods, getting the full picture of current market situation. Another important feature of Advantage RSI is the possibility of going below 0 or above 100. This will happen very rarely, but will alert a trader of unusual market conditions. Advantage RSI is created by traders for traders. No high science behind it. Just some mathematical calculations, years of market experience and desire to make trading easier.

Advantage RSI package includes single period Advantage RSI (Indicator, RadarScreen), Advantage RSI Ultimate (Indicator, RadarScreen, PaintBar), Advantage RSI Adapted Moving Average and Advantage RSI Heat Map.

Advantage RSI parameters:
RSI period
Overbought level
Oversold level

Advantage RSI Ultimate parameters:
RSI short term period
RSI medium term period
RSI long term period
Short term weight
Medium term weight
Long term weight
Overbought level
Oversold level

Advantage RSI AMA parameters:
Period
Sensitivity in Percent
Volatility (Yes/No)
Volatility Width
Volatility Lookback

Advantage RSI Heat Map parameters:
Start Value (shortest period)
Step
Exponential Average Smoothing Length

Check how to use Advantage RSI on our Blog.


Price: 9 usd / month

Advantage RSI Manual


Advantage RSI - Free 30-Day Trial    >>>>
 

All information and findings provided by AdvantageTrading.Net are intended solely for educational purposes related to exchange trading and by no means serve as investment or trading advice. In case there are particular financial instruments, trading strategies, Easylanguage formulas, tradestation indicators, money management and risk management techniques, underlying assets or derivatives mentioned on www. http:// advantagetrading.net /, training courses, educational materials, downloads, presentations, videos, webinars or online courses, it is always and solely for educational purposes. AdvantageTrading.Net and authors of educational materials, Tradestation strategies, indicators, articles, documents and videos, or any lecturers are in no case responsible for particular trading decisions of individual traders, users of our products or services or participants of our training courses, which are presented on this website. The systems and the analysis techniques contained objective rules and values to enter and exit the market. No customized or other trading advice or recommendations are made by these products and values.
Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in this report, or on our web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.
ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.
Neither TradeStation Technologies nor any of its affiliates has reviewed, certified, endorsed, approved, disapproved or recommended, and neither does or will review, certify, endorse, approve, disapprove or recommend, any trading software tool that is designed to be compatible with the TradeStation Open Platform.
REFUND/EXCHANGE POLICY: You understand that you are purchasing downloadable software that is impossible to return. We do not offer refunds for that reason however, if you are dissatisfied we will offer an exchange of equal amount of your choice from our website (depending on Availability). All sales, any fees are non-refundable regardless of performance.