Relative Strength Index on Tranquilizers — Indicator by Indicat

relative strength index on tranquilizers relativestrengthindex

Some weeks ago, I had a patient in my practice who suffered from internal stability disorders.

Certainly not a case of disordered thinking or schizophrenic behaviour, because his general sense of direction wasn’t the problem.

He just couldn’t find the right overall balance, an ailment he struggled with for years.

Straight away I could diagnose that surgery wasn’t an option, so I gave him a medicine he would clearly benefit from.

I never heard from him again…. He must be doing just fine.

Cheers, Indicat...

Open-source script

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study(shorttitle="TRSI",title="Relative Strength Index on Tranquilizers" )
len = input(14), src = input(close)
up = rma(max(change(src), 0), len)
down = rma(-min(change(src), 0), len)
rsi = down == 0 ? 100 : up == 0 ? 0 : 100 - (100 / (1 + up / down))
trq = rma(2*ema(rsi, len/2)-ema(rsi, len), round(sqrt(len)))
plot(trq, color=purple)
band1 = hline(70)
band0 = hline(30)
fill(band1, band0, color=purple, transp=90)