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Noldo

Function StochRSI

Noldo Updated   
Relative Strength Index (RSI) Stochastic Oscillator Stochastic RSI (STOCH RSI) function variable dynamic oversold overbought
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relativestrengthindex stochastic stochasticrsi function variable dynamic oversold overbought
Stochastic Relative Strength Index developed by Tushar Chande and Stanley Kroll.
This script has been written to eliminate the period variable.(Integer)
Thus, it can be used comfortably in adaptive period scripts ! (For example : Adaptive Moving Average , KAMA , FAMA .. etc. )
All efforts goes to ChaosTrader (www.tradingview.com/...t/I6rPLr4c-StochRSI/) ,
RicardoSantos (tradingview.com/scri...tion-Highest-Lowest/) ,
Hpotter for barcolor codes (iff) (www.tradingview.com/...w-Kurtosis-Backtest/)

I hope it will help your new ideas . Best regards ! Noldo .
Release Notes:
Dear users, I made a big mistake. I have analyzed the Stochastic Oscillator function instead of StochRSI.This is the correct function. Also added alarms. Best regards !
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Added some values ​​for better observation.
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UPDATE :The rsi code pattern prepared by Tradingview is used. (Line 65 ) Because it is much more efficient where the period is less than 1.
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This is the most effective version than the others.
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This is to avoid distress if the variable average period drops to values ​​between 0 and 1. (RSI Functions )
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Update : Colors
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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