wroclai

Self-Adjusting RSI +

Here is an open source (no request needed!) version of the Self-Adjusting RSI by David Sepiashvili.

Published in Stocks & Commodities V. 24:2 (February, 2006): The Self-Adjusting RSI

David Sepiashvili's article, "The Self-Adjusting RSI ," presents a technique to adjust the traditional RSI overbought and oversold thresholds so as to ensure that 70-80% of RSI values lie between the two thresholds. Sepiashvili presents two algorithms for adjusting the thresholds. One is based on standard deviation, the other on a simple moving average of the RSI .

This script allows you to choose between plotting the Self-Adjusting bands or the traditional bands. You can also plot a smoothed RSI ( SMA or EMA ) and change the theme color for dark or light charts.

If you find this code useful, please pass it forward by sharing open source!
Thank you to all of the open source heroes out there!
"If I have seen a little further it is by standing on the shoulders of Giants."
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Comments

@syrinxflunki @Duyck @LucF @Peter_O Much appreciated everyone!! Means a lot coming from you all!
+2 Reply
Thumbs up for being open source. I will definitely try this out.
+1 Reply
Masterpiece !
+1 Reply
wroclai Noldo
@Noldo, too kind but thanks!
+1 Reply
What they said :)
+1 Reply
Nice work!!
+1 Reply
Nice implementation Wro. Congrats. Love the attention to detail. Fine craftsmanship.
+1 Reply
Just awesome!
+1 Reply
Thumbs up for keeping open otherwise many lock and says DM me. DM them then they reply I will send you link but I am still waiting for a link for access. You are great buddy
Reply
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