Reverse Engineering RSI II - EMARSI and SMARSI

monophobiafafe 업데이트됨   
This is the Reverse Engineering EMARSI and SMARSI Indicator.
It’s based on the work of Giorgos Siligardos on Reverse Engineering RSI.
The Reverse Engineering EMARSI and SMARSI Indicator shows the Exponential Moving Average and the Simple Moving Average of the RSI line but plotted in the price chart.

This script is also a complement of "Reverse Engineering RSI, by Giorgos Siligardos" script by HPotter but can also be used alone.

By default the RevEngSMARSI is turned off.
The RevEngEMARSI is the white line.

I’ve also added to the indicator:
1) Simple Moving Average (MA) of the EMARSI (EMARSI SMA) - Orange Line
2) Standard Deviation Bands for the EMARSI SMA - turned off by default

Using the settings I left in default (Length's = 1), we can see that when the EMARSI SMA is horizontal the price rises and so does the EMARSI. Also when the EMARSI SMA rises that's a signal that there is a resistance/support at that price. We can observe such thing if we draw horizontal lines at those prices. We can use this to help us put stop-losses and take profits. Also, those resistance/suport prices are ALWAYS the closing price of the first red candle after a bullish trend (big or small trends). Interesting...
When the EMARSI SMA rises and touches the EMARSI 3 things can happen:
- Bullish Trend slows down
- Correction of price
- Trend reversal

So, when the EMARSI SMA rises that can be interpreted as a signal for taking profits.
We should always wait for the price to close in the timeframe we're using, because sometimes the EMARSI SMA rises before the closing price and flattens again when is about to close.
However we should never take decisions based on 1 indicator. Our trading decision should always take in consideration multiple sources of information.

Of course we can use other settings for the trading. And if we do that we will observe different behaviours. And we should also study those behaviours. We can then use the crosses between the lines.

If there is something wrong with the code or its calculations, please let me know.
If you want to modify or improve the code, feel free to do that, but please let me know the changes you made.

This Indicator works in all timeframes. I hope you enjoy it!
릴리즈 노트:
Script Update:
There was a mistake at line 43 of the code. Line is now corrected.
"RevEngSMARSI = X2 >= 0 ? close + X : close + X * ( 100 - SmaRSI ) / SmaRSI" is now "RevEngSMARSI = X2 >= 0 ? close + X2 : close + X2 * ( 100 - SmaRSI ) / SmaRSI".
오픈 소스 스크립트

이 스크립트의 오써는 참된 트레이딩뷰의 스피릿으로 이 스크립트를 오픈소스로 퍼블리쉬하여 트레이더들로 하여금 이해 및 검증할 수 있도록 하였습니다. 오써를 응원합니다! 스크립트를 무료로 쓸 수 있지만, 다른 퍼블리케이션에서 이 코드를 재사용하는 것은 하우스룰을 따릅니다. 님은 즐겨찾기로 이 스크립트를 차트에서 쓸 수 있습니다.


이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.

차트에 이 스크립트를 사용하시겠습니까?