Chart / Indicator Question
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Started by 7475 - Aug. 27, 2022, 10:14 a.m.

Below is a daily Euro chart with RSI under.

Overlayed on the 14 period RSI is a faint yellow line which I have not been able to determine what it is.

The info indicates RSI 14 and also SMA ,14 ,2.

Is SMA a simple moving average or a smoothed moving average? I have not been able to duplicate that line by displaying SMA 14 elsewhere on the chart and dont have the option of creating a smoothed moving average.

 Any help appreciated.


By mikempt - Aug. 27, 2022, 1:10 p.m.
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Lookis like it comparing the RSI to the simple moving average,then plotting it on a zero to hundred scale. The sma is moving some what faster than the RSI. 

By 7475 - Aug. 27, 2022, 6:32 p.m.
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Thanks MTP

 Ill have to look into it further.

The cross for entry appears to be worth investigation regarding 30 and 60 min charts.


Edit : your adjustments mentioned above are interesting

Or rather the adjustments in your other post

 I should have posted the 30 or 60 min chart

By rockitck - Aug. 27, 2022, 8:41 p.m.
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You could always try the Richard "Wycoff Method" for chart reading. imho, the only true way to read a chart. I have known about for a while but just starting to study it in depth... 

By 7475 - Aug. 27, 2022, 9:22 p.m.
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Thanks rockitck

 I had briefly explored Wyckoff in the past and just didnt seem to fit me.

Prolly deserves a second look