Rocket

As described in the May 2018 edition of Technical Analysis of Stocks & Commodities by John F. Ehlers. This indicators is an enhancement to the traditional RSI for detecting cyclical reverses. This indicator has two settings: RSILength – This needs to be half the dominant cycle period. For example, if applying to stocks or stock … Read more

Theory: In “RocketRSI—A Solid Propellant For Your Rocket Science Trading”, author John Ehlers introduces a new take on the classic RSI indicator originally developed by J. Welles Wilder. Ehlers begins by introducing a new version of the RSI based on a simple accumulation of up and down closes rather than averages. To this he applies … Read more