. All Rights Reserved. RSI™ MTF...value and where it lies within the possible RSI range of “0 -...
Transcript of . All Rights Reserved. RSI™ MTF...value and where it lies within the possible RSI range of “0 -...
© 2009- 2020 Fibozachi LLC – www.fibozachi.com. All Rights Reserved.
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An Overview of Super RSI™ MTF Indicator Page 2
The Advantages and Features of MTF Indicators Page 3
The Various Methods of MTF Analysis: Unlocking New Possibilities Page 5
- Different Time Frames Page 6
- Different Intervals (Tick, Volume, Range, etc.) Page 7
- Different Trading Instruments or Symbols Page 8
- Creating Your Own “Hybrid” Method Page 9
The Super RSI™ MTF Indicator: A Multiple Time Frame RSI Indicator Page 10
- Gradient Color-Coding Page 11
- MidLine Color-Coding Page 11
- Overbought / Oversold (OB/OS) Color-Coding Page 12
- RSI Avg. Color-Coding Page 12
- Slope Color-Coding Page 12
Divergence Signals and DOBOS™ Reversals Page 13
Customizing the Super RSI™ MTF Indicator Page 14
Superior Customer Support Page 16
Risk Disclosure Statement Page 17
© 2009- 2020 Fibozachi LLC – www.fibozachi.com. All Rights Reserved.
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The Super RSI™ MTF Indicator lets you track the RSI across 5 different
timeframes, interval periods, and instruments – all from just one chart! Each row
of dots corresponds to a different DataStream, and are color-coded based on RSI
signals and trend conditions.
The Super RSI™ MTF Indicator Package includes:
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– Choose both the timeframe and instrument for each of the 5 DataStreams,
unlocking new possibilities and methods of trading and chart analysis. While some
traders are familiar with MTF Indicators, only our versions have the ability to be
used as Multi-Interval and Multi-Instrument Indicators as well!
– Some Indicators are trend-based, some are signal-based, and some are both!
That is why we designed the Super RSI™ MTF Indicator to display the color-
coded trend at all times, unless a special signal is generated. Special signals
always take priority and are plotted on top so that you won't miss them.
– Each MTF Indicator is designed to plot as 5 rows of dots, where each row
corresponds to a specific DataStream. The row on the top is the smallest
timeframe (DataStream #1) and the row on the bottom is the largest timeframe
(DataStream #5).
– If you're like most traders, you waste a large portion of your time by constantly
switching back and forth between charts in order to check the different timeframes
and instruments. Our MTF Indicators will save you from the constant clicking and
can make your trading routine more organized and less stressful.
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– Having two or more charts open with the same Indicators on each is a drain on
PC resources. Using our MTF Indicators reduces the amount of calculations,
which in turn provides a speed boost over the other methods of MTF chart
analysis.
– We take color-coding to a new level by giving you full control of the color settings
for all of the various trend conditions and signals. Each trader has unique color
preferences and those with color blindness struggle with the common greens and
reds, so we gave traders the ability to customize everything to your specific needs.
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Many of the most successful traders rely on monitoring several timeframes at
once, from the weekly down to the 1 minute. They do this because using only one
timeframe causes most traders to become lost in the "noise" of random price
movements — resulting in losing trades and overthinking every decision. For
instance, the trend on a 30 minute chart may be much different than the trend on a
5 minute or 120 minute chart. By tracking multiple timeframes at once, you'll gain
a clearer perspective of the trend and will always know when multiple timeframes
are in harmony or disagreement.
That said, the Super RSI MTF Indicator is capable of much more than just
"Multiple Time Frame" functionality. It allows for new methods of trading and chart
analysis that have never been possible until now!
– Read on to Learn More about each type! –
© 2009- 2020 Fibozachi LLC – www.fibozachi.com. All Rights Reserved.
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The standard method of MTF analysis is to use a different timeframe for each
DataStream. This method allows you to see the trend conditions or signals across
various timeframes.
DataStream 1 (Row 5): 15 Minute
DataStream 2 (Row 4): 30 Minute
DataStream 3 (Row 3): 60 Minute
DataStream 4 (Row 2): 90 Minute
DataStream 5 (Row 1): 120 Minute
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Another method of MTF analysis is to use a different interval of Tick, Volume, or
Range for each DataStream. This method allows you to see the trend conditions
or signals across various interval periods.
DataStream 1 (Row 5): 100 Ticks
DataStream 2 (Row 4): 250 Ticks
DataStream 3 (Row 3): 500 Ticks
DataStream 4 (Row 2): 1,000 Ticks
DataStream 5 (Row 1): 2,500 Ticks
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A third method of MTF analysis is to use a different instrument for each
DataStream. This method allows you to see the trend conditions or signals across
various instruments and symbols.
DataStream 1 (Row 5): SPY – 60 Minute
DataStream 2 (Row 4): QQQ – 60 Minute
DataStream 3 (Row 3): DIA – 60 Minute
DataStream 4 (Row 2): GLD – 60 Minute
DataStream 5 (Row 1): USO – 60 Minute
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You can also use a combination of all the various MTF Analysis Methods to create
your own custom “hybrid” approach!
DataStream 1 (Row 5): SPY – 1 Minute
DataStream 2 (Row 4): @ES – 610 Ticks
DataStream 3 (Row 3): SPY – 5 Minute
DataStream 4 (Row 2): @ES – 5,000 Ticks
DataStream 5 (Row 1): NYSE ADV/DEC – 5 Minute
© 2009- 2020 Fibozachi LLC – www.fibozachi.com. All Rights Reserved.
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The Super RSI™ MTF Indicator lets you track the RSI across 5 different
timeframes, interval periods, and instruments – all from just one chart! Each row
of dots corresponds to a different DataStream, and are color-coded based on RSI
signals and trend conditions.
Choose from any of the following color-coding options:
►
►
►
►
►
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In addition to the color-coded trend conditions, the Super RSI™ MTF Indicator
also plots special color-coded dots when a Divergence Signal or DOBOS™
Reversal occurs on any of the datastreams. It’s important to note that signals will
always take color-coding priority over trend conditions.
The following are the default signal colors, but all colors are customizable!
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RSI Length: Length or period to use when calculating the RSI.
RSI Average Length: Length or period to use when calculating the RSI Average.
Price Smoothing Length: Number of bars to include in the averaging method
that is used to smooth the price data.
Use OHLC/4 as Price: Set to “TRUE” to enable the RSI formula to use the
“OHLC / 4” as the price for each bar. Set to “FALSE” to enable the RSI formula to
use the close as the price for each bar.
Gap % to Exclude: This value is the percent of each price gap that will be ignored
when calculating the RSI value. For example, a value of “30” means that 30% of
each price gap will be ignored when calculating the RSI, whereas a value of “100”
means that each price gap will be completely ignored when calculating the RSI.
Slope Color-Coding: If set to “TRUE”, the RSI will be color-coded “Green” when
it is sloping upwards and “Red” when sloping downwards.
Overbought / Oversold Color-Coding: If set to “TRUE”, the RSI will be color-
coded “Green” in OverSold territory and “Red” in OverBought territory.
MidLine Color-Coding: If set to “TRUE”, the RSI will be color-coded “Green”
when it is above the MidLine ( > 50 ) and “Red” when below the MidLine ( < 50 ).
RSI Average Color-Coding: If set to “TRUE”, the RSI will be color-coded
“Green” when it is above the RSI Average and “Red” when below the RSI
Average.
Gradient Color-Coding: If set to “TRUE”, the RSI will be color-coded using a
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special gradient method. The color of each bar is based upon the current RSI
value and where it lies within the possible RSI range of “0 - 100”.
Confluence Alerts: Enables alerts when the Super RSI™ becomes bullish or
bearish across ALL 5 datastreams.
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Have a question about the Super RSI™ MTF Indicator Package? Contact us
at [email protected]. We take great pride in our customer support and
are happy to help our fellow traders!
© 2009- 2020 Fibozachi LLC – www.fibozachi.com. All Rights Reserved.
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