Redline - vanilla RSI (where are we now) Aqua - first difference/moment (how fast are we going) Grey/Green - Second difference/moment (are we speeding up / slowing down?) aka Inertia
Redline - vanilla RSI (where are we now) Aqua - first difference/moment (how fast are we going) Grey/Green - Second difference/moment (are we speeding up / slowing down?) aka Inertia
Awesome... thanks for sharing. I have similar code from 12 years ago buried somewhere in my Amibroker files. Glad to see people are still using this as I saw the potential back then, too.
gb50k
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@Sasquatch_Trader, just realized this is likely you from 3 years ago. Almost every indicator i use is in terms of it own momentum.
good stuff!
scilentor
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Nice!
thescalpmaster
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Best momentum indicator if used correctly.
Trance-Man
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Pretty cool way to look at this, thank you, keep them coming, any personal thoughts on SPY direction due to looking at this?