OPEN-SOURCE SCRIPT
Updated RSI with Self-Adjusting Linear Regression Bands (Expo)
RSI with Self-Adjusting Linear Regression Bands (Expo) makes use of RSI and Linear Regression to create an RSI that follows the current trend. The indicator has an upper and lower self-adjusting Linear Regression Band that act as RSI boundaries.
HOW TO USE
The indicator can be used in multiple ways, for instance, to find overbought and oversold areas. Or to identify trends as well as pullbacks in trends.
INDICATOR IN ACTION
This indicator is a modification of RafaelZioni's work "Linear Regression Trend bands"
Credit to: RafaelZioni
I hope you find this indicator useful, and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
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Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
HOW TO USE
The indicator can be used in multiple ways, for instance, to find overbought and oversold areas. Or to identify trends as well as pullbacks in trends.
INDICATOR IN ACTION
This indicator is a modification of RafaelZioni's work "Linear Regression Trend bands"
Credit to: RafaelZioni
I hope you find this indicator useful, and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
-----------------
Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
Release Notes
Color fix. Best
Release Notes
Improvements! - Alerts Added
Release Notes
Performance ImprovementsOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Join Our Free Discord: discord.gg/zeiiermantrading
Access my indicators at: linktr.ee/zeiierman_trading
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SMC Trading
linktr.ee/zeiierman_trading
Access my indicators at: linktr.ee/zeiierman_trading
Earn $15
tradingview.com/gopro/?share_your_love=Zeiierman
SMC Trading
linktr.ee/zeiierman_trading
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Join Our Free Discord: discord.gg/zeiiermantrading
Access my indicators at: linktr.ee/zeiierman_trading
Earn $15
tradingview.com/gopro/?share_your_love=Zeiierman
SMC Trading
linktr.ee/zeiierman_trading
Access my indicators at: linktr.ee/zeiierman_trading
Earn $15
tradingview.com/gopro/?share_your_love=Zeiierman
SMC Trading
linktr.ee/zeiierman_trading
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.