Watch the overhead trendline tomorrow morning on the SPX which
could produce a pop and drop.......so keep an eye on the trendline
and see how the index reacts.
The BPT RSI on the SPX 60 minute chart is already at 63 with
stochastics leading the RSI which is considered bearish leading.
Price is king so let's see the reaction around the downtrend
line for starters.
I've explained that before with regards to one of the RSI 2
systems that I showed. The version that Steve is plotting is using
an RSI with an EMA component to it, therefore it's more adaptive
and reacts slight faster than the traditional/standard RSI.
In our version you can also use WMA, Adaptive, HULL and other
adaptive MA's, however we personally prefer the EMA version
carrieg, welcome to the site. On the left hand side of the
Trading Community you will see a search box. You can use that
to search for keywords, phrases (like "BPT RSI") or symbols as well
as narrow your search down by date or member.
The BPT RSI simply uses an EMA vs an SMA for calculation, which
Matt has found works better than a standard RSI.
If you have any additional questions or wanted to schedule a
walk through of the website you can email me directly,
thomas@breakpointtrades.com, or from the Members Home page you can
"Schedule a Call".
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SPX 30
Posted by steve on 21st of May 2012 at 04:06 pm
$SPX - Chart Link
Watch the overhead trendline tomorrow morning on the SPX which could produce a pop and drop.......so keep an eye on the trendline and see how the index reacts.
The BPT RSI on the SPX 60 minute chart is already at 63 with stochastics leading the RSI which is considered bearish leading. Price is king so let's see the reaction around the downtrend line for starters.
What is the "BPT RSI"?
Posted by carrieg on 22nd of May 2012 at 05:36 am
What is the "BPT RSI"?
I've explained that before with
Posted by matt on 22nd of May 2012 at 10:00 am
I've explained that before with regards to one of the RSI 2 systems that I showed. The version that Steve is plotting is using an RSI with an EMA component to it, therefore it's more adaptive and reacts slight faster than the traditional/standard RSI. In our version you can also use WMA, Adaptive, HULL and other adaptive MA's, however we personally prefer the EMA version
carrieg, welcome to the site.
Posted by tom on 22nd of May 2012 at 08:53 am
carrieg, welcome to the site. On the left hand side of the Trading Community you will see a search box. You can use that to search for keywords, phrases (like "BPT RSI") or symbols as well as narrow your search down by date or member.
The BPT RSI simply uses an EMA vs an SMA for calculation, which Matt has found works better than a standard RSI.
If you have any additional questions or wanted to schedule a walk through of the website you can email me directly, thomas@breakpointtrades.com, or from the Members Home page you can "Schedule a Call".