OPEN-SOURCE SCRIPT

[MAD] almost RSI

Updated
I continue to add things to the multibit ready indicators:

This is a modified RSI indicator with some useful additions to make it bottrading ready:

Centered around 0, so from +50 to -50.
Short-Triggerline
Long Triggerline

following value mods are possible:
POW factor --> rsi^POW

final smoothings:
SMA smoothing (level 1)
EMA smoothing (level 2)
switch all smoothings on/off

signals on:
Crossout (moves outside the high/low).
Crossin (moves back inside the high/low)
Direction change outside
Direction change inside

Signal filter output

This is a multibit capable indicator, so signal and filter can be exported to a multibit capable daisychain.
More information can be found here:
How to use the Multibit-System  x8 Processor


have fun
Release Notes
Better standard settings
Release Notes
Patch Multibit_pass

Resorting settingsbox
Cleanup

no function change
daisychainmultibitOscillatorsRelative Strength Index (RSI)

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 publication is governed by House rules. You can favorite it to use it on a chart.

Want to use this script on a chart?


djmad|Bitblockart

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