[EG] Fib RSI — Indicator by eggman94

Relative Strength Index (RSI) Standard Deviation (Volatility)

Extrapolated Fibonacci MA (FMA) into an RSI

i.e. FMA(up) and FMA(dn) of lengths 2, 3, 5, 8, 13, 21, 34, 55, 89 etc. averaged into RSI values.

Keep in mind it does not use 'Length' - it uses 'Interval' - how many fib intervals to include in the RSI calculation.

I threw in Ehler's Smoothing as well - seems to work quite well, thanks to TV Community for inspiration and code to look at for help

(Standard RSI included for comparison)

Release Notes:

Update with cleaned code

Release Notes:

- Cleaned and updated code
- Added Self-Adjusting OB/OS via stDev - if you want them to be more horizontal - make the lookback longer

Release Notes:

Clean/update script default settings and colours.

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.

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.

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