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Two instances of CIX used simultaneously as a practical answer?
Top: short term, very reactive, RSI normalization (this is for entry timing by anticipating swing reversal)
Bottom: medium term, timeframe normalization (this is for selection of which pairs to trade)
Combined SELL entries are at the orange lines.
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A good trader is a realist who wants to grab a chunk from the body of a trend, leaving top- and bottom-fishing to people on an ego trip. (Dr. Alexander Elder)