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Roger_the_Trader

RSI with SMA and Bollinger Bands

Roger_the_Trader  
Trend Analysis Oscillators
23
0
trendanalysis oscillator
RSI with SMA and Bollinger Bands

The SMA and BB use the RSI as a source. The source of the RSI is selectable.
With the right settings, you can effectively determine the trend phase and trend strength.

I personally use the following settings:
RSI with a 14-period applied to Price Close.
The SMA has a 26-period, and the Bollinger Bands have a period of 50 with a deviation of 2.
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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