ChrisMoody

CM_RSI Plus EMA

RSI with EMA Signal Created By Request For @motcha1


@motcha1 Requested the RSI with EMA Signal.

A Larry Williams Follower who says it's a Great

Entry Signal when RSI Crosses EMA When VIX            

Is Showing A Potential Bottom. Looks Good!!!

Link to Lower Indicator CM_Williams_Vix_Fix
CM_Williams_Vix_Fix  Finds Market Bottoms

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//Created by Chris Moody on 8/8/2014 by Request for motcha1
//RSI Indicator with EMA of RSI for Signal
//Great Confirrming Signal for CM_Williams_Vix_Fix https://www.tradingview.com/v/og7JPrRA/
study(title="CM_RSI_EMA", shorttitle="CM_RSI_EMA_", overlay=false)
src = close, 
len = input(20, minval=1, title="RSI Length")
len2 = input(10, minval=1, title="EMA of RSI Length")
up = rma(max(change(src), 0), len)
down = rma(-min(change(src), 0), len)
rsi = down == 0 ? 100 : up == 0 ? 0 : 100 - (100 / (1 + up / down))
emaRSI = ema(rsi,len2)

plot(rsi, title="RSI", style=line, linewidth=3, color=silver)
plot(emaRSI, title="EMA of RSI", style=circles, linewidth=2, color=red)
band1 = hline(80, title="Upper Line", linestyle=dashed, linewidth=3, color=red)
band0 = hline(20, title="Lower Line", linestyle=dashed, linewidth=3, color=lime)
fill(band1, band0, color=purple, transp=90)
Why do your RSI numbers differ slightly from the RSI numbers from the stock built-in RSI indicator?
+1 Reply
Hi I'm new to this forum but I've been looking for an indicator such as this. However is like to know is this code ready for Ninjatrader8
Pausehar@gmail.com
Thanks for the reply
+1 Reply
looks leading to me with ema8 setting,, thanks
Reply
Chris... I use this indicator a lot!! Thanks so much... I made some display tweaks so it would clearly show where the money is... https://www.tradingview.com/e/q8zSbLiu/
Reply
Care to link the updated tweaks - nothing relevant showing in the link.
Reply
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