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mauritzwalt

Triple Exponentially Smoothed RSI by Mauritz van der Walt

mauritzwalt  
Relative Strength Index (RSI) smoothrsi
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relativestrengthindex smoothrsi
Triple Exponentially Smoothed RSI by Mauritz van der Walt

If you like this idea, find it useful or use it anywhere please inform me @ www.tradingview.com/u/mauritzwalt/

I use the RSI primarily for divergences and was in need for something more smooth to spot divergences easier without adding too much lag. Therefor I decided to use a Triple Exponential Moving Average (TEMA) to achieve this. /

The settings for all three EMA are exposed. After smoothing I rescale the value between 0 and 100 using the stochastics technique.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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