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javabgar

HARSI - HeikinAshi RSI (with Bollinger Bands)

javabgar  
Relative Strength Index (RSI) Bollinger Bands (BB)
541
21
relativestrengthindex bollingerbands
This is my first published script. I hope it might be useful!

This is a modified RSI that attempts to give smoother values. It takes 4 different input lengths and plots them in a similar way as Heikin-Ashi candles does.
It can be used in the same way as a regular RSI.
It also includes Bollinger Bands that might help identify overbought/oversold situations.

The script uses a slightly modified Allanster's 'Heikin Ashi source function' (many thanks for that very useful script!).
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.

Disclaimer

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