Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=72771
Forum: 17 · Topic 72771 · 1 post(s)
Apprentice · Thu Sep 29, 2022 1:04 am

Based on the code https://www.prorealcode.com/prorealtime … indicator/
The RSIV-1 is able to adapt quickly to the change in trading direction and thus give back-to-back long and short signals. The primary reason that RSIV-1 can adapt quickly is due to the nature of the linear regression it uses. Linear regression can adapt to direction changes relatively fast.
Description from the author of the indicator: Kirk Northington