KRI is a leading indicator, just like RSI. More info: www.etoro.com/educat...-strength-index.aspx
I have noticed KRI producing less false-divergences compared to RSI (in my limited BTC backtesting).
Give it a try / backtest on your instrument. Appreciate a note here on what you think.
I have noticed KRI producing less false-divergences compared to RSI (in my limited BTC backtesting).
Give it a try / backtest on your instrument. Appreciate a note here on what you think.
List of my free indicators: bit.ly/1LQaPK8
List of my indicators at Appstore: blog.tradingview.com/?p=970
List of my indicators at Appstore: blog.tradingview.com/?p=970
// // @author LazyBear // // http://www.investopedia.com/articles/forex/09/kairi-relative-strength-index.asp // The Kairi Relative Index is considered an oscillator as well as a leading indicator. // study("Kairi Relative Index [LazyBear]", shorttitle="KAIRI_LB") length=input(14) ki(src)=> ((src - sma(src, length))/sma(src, length)) * 100 hline(0) plot(ki(close), color=red, linewidth=2)