@run-out He, well I am very well aware that using official indicators is not a good move usually, just because too many would already be using it. This is why I too have built my past strategies on custom tailored indication and always shun away from all these "easy" make rich scheme indicators, especially RSI with its "buy 30 sell 70 be rich" lazy and untrue success formula that I see repeated everywhere.
I am still not doing that however, but I seek to automate normalization, for which I have observed RSI is a pretty good candidate. This recent boom in BTC has caused proven strategies to be thrown out of the window, simply because interval-volume has increased more than tenfold in just a year, and thus also the turbulence has increased. I managed to devise a pretty promising strategy for the range of 1.1.21 to end of February, but the problem is, it doesn't scale back to last year at all, while of course the old strategies don't apply to this new craze.
I have since though about a machine learning learned scaler variable plan, but it is elaborate and takes too much time to implement for now. Since the market is in motion at this very moment, I simply try to find a heuristic scaling solution, and by observing the Binance RSI with its snuggle effect around price trends independent of their actual value, I just want to fish this out in order to normalize my strategy for the broader activity-scale spectrum. Ambitious perhaps, but I will see if it is really any better than my current work.
So be reassured that I wont do some simplistic buy/sell-margin foolishness here. ;)
Also, the workings of the Binance RSI(6) indicator are decrypted, and there are no shenanigans in the calculation other than that it is difficult to follow up on how the implementation would work. I doubt they would ever just change that, but even if, the fear that any strategy would collapse because of that change is unfounded I think, since I don't extract their indicator, but replicated it. So if whatever I do with it works out, I will just keep it no matter what Binance does later on.
Now what they do with RSI(12) and RSI(24) is still a mystery, but if knew, I reckon it would play out the same.