The Perfect RSI (Ehler's Cycle RSI Modified with Discriminator)

Bitcoin / Tether USDPoloniex

설명

⋅ 2018년 3월 21일 오전 4시 27분

This is the RSI indicator that I use. It combines two concepts of John Ehler. It integrates the idea of Highpass filtering the Price data, along with the the idea of automatically determining the Dominant price cycle through a Homodyne Discriminator, and using half of a cycle length as the input for the RSI. Not only determines the most effective range for the RSI by setting it based on the cycle, but also makes the RSI PDF(Probability Distribution Function) adjustable as shown in John Ehler's papers. Still needs some tweaking on determining the best calculations for cycles, and whether or not to better filter the price data into the discriminator.

Works just like a normal RSI, but should have less false signals, and also has the option for super smoothing. Play around it and see if theres any new indications or signals that come from it ;)

Let me know if there's any concerns or additions!

Oscillators Relative Strength Index (RSI)johnehlers ehlers cycle discriminator highpass

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anoojpatel

⋅ 2018년 4월 17일 오전 6시 36분

ALSO IF YOU STUMBLE UPON THIS INDICATOR THROUGH A PAID GROUP, YOU'RE DOING IT WRONG. DON'T WASTE YOU TIME TO BE LEAD BY THE BLIND, AND PAY FOR VISION. Join a group that values teaching you to see. If they make more money from teaching than trading, are they good at trading?

Blblucky7

⋅ 2024년 2월 27일 오후 1시 23분

Hello Sir It seems the lowerroofing does not change anything on the indicator.. Check it out please

intelligentBoa1976

⋅ 2023년 4월 8일 오후 1시 2분

Amazing script , well done

erdinczeytin94

⋅ 2022년 7월 4일 오후 6시 54분

How can I add the incompatibility feature to this indicator, do you have a chance to code?

rastaknight

⋅ 2020년 9월 28일 오후 12시 50분

this is pinescript v2. have you by chance converted it to v4 ?

Thanks

rastaknight

⋅ 2020년 9월 28일 오후 12시 49분

Nice work. thank you for sharing this. Will definitely test it.

Acel

⋅ 2018년 5월 9일 오후 1시 31분

Is there any good source about the code between lines 34-69? A quick search on wiki made me understand what they are ( i didnt know their terms in English), but i still dont understand how they do help on better filtering.

Im familiar with the rest. ;)

ccbull

⋅ 2018년 6월 19일 오후 5시 28분

@Acel, It looks like most of this code comes from this post: tradingview.com/script/XLNA315p-Ehlers-Ideal-RSI-v1-0-by-JustUncleL/. Info on using the Homodyne Discriminator with RSI can be found in the following site linked in that post: jstas.com/RSI/RSI ideaal.htm

Acel

⋅ 2018년 6월 19일 오후 5시 35분

@ccbull, thanks for that, i read Ehlers' book and got more info. RSI has a very simple and effective formula.

Im trying to extract more info from the RSI by adding extra functionality. I haven't tried applying his proposed solutions for RSI yet but both Homodyne and Phase Accumulation approaches are very interesting.

ICEKI

⋅ 2018년 3월 21일 오후 5시 20분

Nice works and congrats 1996anoojpatel, what a nice concept of this script. Thanks for your efforts and generous =D