Disliked{quote} I don't quite understand what you are saying here David. The RSI (pink) lines are showing the history of the regular 14 period RSI so as your B passes A on the price I have a record of whether it did the same on the RSI. If the RSI failed then it was a HD to place a tentative trade on. I have been given permission to share the tool so have a look at it. This is a completely separate RSI, Do not overlay on top of existing ones. I usually squash it down when not in use. {file}Ignored
Thank you for this Alan. Applied it and specifically looked at yesterday's example that you gave. As you correctly pointed out the indicator did pick up bar A as being HD because both RSI max and RSI were below the pivot RSI with price having exceeded the pivot price.
However, if you consider bar B the indicator shows the RSI below the pivot RSI and RSI max above the pivot RSI so in this case it would be a "maybe"? I did observe this bar forming yesterday and it was HD in real time but one can possibly consider the close of that bar as reference to determine from the indicator that this was a likely HD.