RSI is in Normal Distribution?

Does RSI Follow a Normal Distribution?

The value of RSI was converted to a value between 0~2, 2~4, ..., 98~100, and the number of samples was graphed.

The Z values are expressed so that the values corresponding to 30 and 70 of the RSI can be compared with the standard normal distribution.

Additionally, when using the RSI period correction function of the 'RSI Candle Advanced V2' indicator that I made before, it shows no change in standard deviation.

RSI는 정규분포를 따를까요

RSI의 값을 0~2, 2~4, ..., 98~100 사이 값으로 변환하고 그 표본 갯수를 그래프로 표현하였습니다.

Z 값은 RSI의 30, 70에 해당하는 값을 표준정규분포와 비교할 수 있도록 표현하였습니다.

추가적으로 제가 예전에 만들었던 'RSI Candle Advanced V2' 지표의 RSI 기간 보정 함수를 사용할 경우 표준편차의 변화가 없음을 보입니다.

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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