Bogdan Ciocoiu - Coordinator

Description
The Coordinator is an indicator developed on the back of the RSI algorithm, modified substantially to form a cloud. In addition, the Coordinator uses EMA/SMA to compare the location of the RSI cloud with the chosen moving averages (EMA vs SMA).

This indicator is helpful as it confirms when a trader should enter a position or exit based on the proximity of the RSI cloud to the relevant MA.

Uniqueness
The Coordinator provides unique benefits, including:

• It shows the strength of the RSI in the shape of the RSI cloud, using two sets of dimensions (one more long term and one more short-term oriented).
  
• It indicates the positioning of the RSI cloud in conjunction with the relevant moving averages to help traders remain in positions for longer.
  
• It shows the RSI 14 (useful when spotting divergences aligned with the price action).
  

Open-source
The Coordinator uses the following open-source scripts:

• 
• www.tradingview.com/...lativestrengthindex/
  

Release Notes:

This revision corrects a bug revealed by David, one of our members. The bug was related to the printing of circles/triangles.

Release Notes:

Removed the individual RSI as the interface became too congested.

Release Notes:

The default variables have been changed to support new joiners.