BigBitsIO

Smoothed RSI

BigBitsIO Updated   
This smoothed RSI indicator is designed to allow users to try and identify periods of extended time in oversold and overbought areas using a smoothed RSI value.

Features:
- RSI
- Period
- Source
- Resolution
- Visibility

- Smoothed RSI
- Period
- Moving Average Type
- Visibility
Release Notes:
Clarified the names of some inputs, and added options to that the overbought and oversold levels could be customized. I also changed the default values to use DEMA with a 17-period lookback for the smoothing as this seemed to find peeks slightly better.
Release Notes:
Changed color from green to blue on RSI.
Release Notes:
Now includes calculated midpoint. (oversold + overbought) / 2.
Release Notes:
Updating image.
Release Notes:
Added a histogram to show the difference between the actual RSI and Smoothed RSI.

Also, added arrows above and below the 0 line to show when the Smoothed RSI changes directions.
Release Notes:
Fixed a plot issue where the shapes were bound to the price of the symbol instead of the bottom bar.
Release Notes:
Fixed some settings with plotted items to make them more attractive.

Note, the midpoint was removed earlier.
Release Notes:
Added a smoothed histogram line with selectable period and ma type.

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💻 Website: www.bigbits.io
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Protected script
This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
Disclaimer

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