Adaptive RSI by Puzzle

Adaptive RSI

RSI with a twist. The values are calculated differently depending upon whether the RSI is above or below the centre point. I have found this gives:

  • More pronounced divergences which are easier to spot and more accurate at predicting local top and bottoms
  • More accurate indications of overbought/oversold conditions.

Release Notes: Made the rsi bands configurable.
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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