Connie Brown Composite Index – this indicator eliminates the problem of discrepancies in the RSI indicator. It is calculated as the Momentum sum from the RSI value and smoothed RSI value.
How the indicator looks like in the chart:
The indicator has the following parameters:
Relative Strength Index
SMA Period 1 - short RSI period.
SMA Period 2 - long RSI period.
SMA Period 1 - period of RSI smoothing
SMA Period 2 - short period of indicator smoothing.
SMA Period 3 - long period of indicator smoothing.
Source - setting of the indicator calculation parameters:
Panel - selection of the indicator location in the chart:
- New panel
Short period, Middle Band and Long period.
Show value - showing the indicator values to the left on the price scale.
Scale - if this option is ON, the scale will be calculated automatically based on the minimum and maximum indicator values, so that the indicator would be accommodated in the chart.
Color - the color setting of the indicator.
Visual type - visual setting of the indicator display in the chart:
- Up arrow
- Down arrow
- Axis label
Line style - setting of the line display style:
- Dash - dot
- Dash - dot - dot
Width - setting of the indicator line width.
Customer support service by UserEcho