LazyBear

Indicator: Kairi Relative Index (KRI)

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KRI is a leading indicator, just like RSI . More info: http://www.etoro.com/education/kairi-relative-index-vs-relative-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.

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//
// @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)

List of my free indicators: http://bit.ly/1LQaPK8
List of my indicators at Appstore: http://blog.tradingview.com/?p=970

How about an inverted KRI?
+1 Reply
LazyBear PRO QuantitativeExhaustion
2 years ago
Possible. In the source code, change the line:

plot(ki_c, color=ki_c>0?green:red, linewidth=2)

to

+1 Reply
LazyBear PRO LazyBear
2 years ago
iki_c=1/ki_c
plot(iki_c, color=iki_c>0?green:red, linewidth=2)
+1 Reply
and also Inverted Ultimate Strength Index
+1 Reply
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