Teddy now can use Percentile Nearest Rank (PNR) to automatically adjust to market conditions.
No more need to provide a static limit for RSI to allow longs or shorts.
Let PNR pick the levels based on recent statistics from the market.
How does it work? instead of providing buy and sell RSI limits pick a percentile for buy and one for sell.
Decide the length of the look back. The longer you look back the more time you are considering and more picky.
Percentiles closer to 0 will rarely print any buy, percentiles too close to 100 rarely will print any sell signal.
If that wasn’t enough we decided to also add the option to plot the RSI with the PNR selected levels in the chart, make sure to zoom the chart to focus it in the 0 to 100 values which is where the RSI normally moves.
Find a good balance for the parameters and have fun!
How to get access to Teddy?
You can get access to Teddy by having an Observer membership.
You can take advantage of the 1 week trial or the yearly 40% Black Friday discount.
