Visualizing Recent Price Changes Against RSI as a Scatter-Like Plot
Summary
This experimental indicator maps recent price changes against prior RSI readings to create a scatter-like display in chart space. It calculates close-to-close price change and a scaled, rounded 14-period RSI value, then plots a short sequence of observations as circles. Point color and width vary across the sequence, while chart offsets use the RSI-derived values to position the points along the time axis. Labels and guide lines frame the display and mark regions described as overbought and oversold.
The example demonstrates a visual encoding for examining how price movement and RSI vary together over a recent window; it is not presented as an entry or exit system. The description calls the approach experimental and gives no evidence that the arrangement improves interpretation or trading performance. Its unusual offsets and scaling are specific to this graphic construction, so readers should not treat the plot as a conventional price-versus-RSI chart or infer predictive value from its appearance. No market-specific testing or quantitative evaluation is included.
Key ideas
- The display pairs recent close-to-close price changes with prior readings of a 14-period RSI.
- RSI-derived values affect horizontal plotting offsets while price changes provide the plotted values.
- Color and circle width distinguish positions in the displayed observation sequence.
- Guide lines and labels provide a frame and overbought or oversold reference markers.
- The publication presents a visualization experiment, not a tested trading signal.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.