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Using Trend Envelopes with RSI Candles

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Summary

The document describes combining Trend Envelopes with RSI candles. The RSI candle indicator calculates RSI values from the high, low, open, and close inputs and displays them as candles. The proposed addition applies Trend Envelopes to those RSI values, using the same open, high, low, and close structure that the envelopes are designed for. The author suggests that the resulting display may help assess trends in RSI candles.

The explanation is conceptual and reports no backtest, performance figures, parameter settings, or comparison with other indicators. It presents the combination as a potentially useful way to interpret trend conditions, rather than a tested trading rule. The author advises experimenting before live use, so the document does not establish that the envelopes improve decisions or outcomes across instruments, time frames, or market conditions.

Key ideas

  • The RSI candle indicator computes RSI from open, high, low, and close inputs and displays those values as candles.
  • Trend Envelopes can be applied to RSI candles because they provide corresponding open, high, low, and close values.
  • The combined display is proposed as a way to assess trends in RSI values.
  • The document offers no performance evidence and recommends experimentation before live trading.

Tags

Technical indicatorsTrend following

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.