OPEN-SOURCE SCRIPT
[PUZ]Relativ Strength Index [MTB]

Here I provide you with my new RSI indicator.
This RSI has some advantages over the normal Tadingview RSI.
The RSI is usually calculated exclusively on a Candel Close basis. My RSI is calculated on a Candel Close, Open, High, Low basis, which makes it look a little smoother. Furthermore, there are not only 3 support and resistance lines but a total of 7 where the rsi can bounce. These lines can all be set variably under the Style settings.
In addition, the RSI also shows divergences and hidden divergences via red and blue lines.
There is also the option to make trend settings
Option one involves determining the trend based on various selectable moving averages. You can also select the time frame for trend determination.
The trend is shown by coloring the background in the RSI green and red. Of course you can also switch the background on and off.
The second trend option is to determine a Fibbonacci line which is displayed red or green on LVL 100 depending on the trend direction.
In this trend calculation you can also select the time frame yourself and you can use the sensitivity to determine how many previous candels are taken into account to determine the trend.
If a candel close occurs above the 0.5 and 0.236 Fibb LVL, the trend turns green.
If a candel close occurs below the 0.5 and 0.786 Fibb LVL, the trend turns red.
A final additional feature is an output module where the RSI data is scaled between 0 and 1 in order to further process this data in future scripts.
A huge thank you goes out to djmad for providing his math library and another thank you to jdehorty for providing his MLExtension library
This RSI has some advantages over the normal Tadingview RSI.
The RSI is usually calculated exclusively on a Candel Close basis. My RSI is calculated on a Candel Close, Open, High, Low basis, which makes it look a little smoother. Furthermore, there are not only 3 support and resistance lines but a total of 7 where the rsi can bounce. These lines can all be set variably under the Style settings.
In addition, the RSI also shows divergences and hidden divergences via red and blue lines.
There is also the option to make trend settings
Option one involves determining the trend based on various selectable moving averages. You can also select the time frame for trend determination.
The trend is shown by coloring the background in the RSI green and red. Of course you can also switch the background on and off.
The second trend option is to determine a Fibbonacci line which is displayed red or green on LVL 100 depending on the trend direction.
In this trend calculation you can also select the time frame yourself and you can use the sensitivity to determine how many previous candels are taken into account to determine the trend.
If a candel close occurs above the 0.5 and 0.236 Fibb LVL, the trend turns green.
If a candel close occurs below the 0.5 and 0.786 Fibb LVL, the trend turns red.
A final additional feature is an output module where the RSI data is scaled between 0 and 1 in order to further process this data in future scripts.
A huge thank you goes out to djmad for providing his math library and another thank you to jdehorty for providing his MLExtension library
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.