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Hancock - Floating O/B O/S IFT RSI T3MA
This is a version of the Inverse Fisher Transform Relative Strength Index with floating oversold and overbought thresholds.
Configurable parameters:
RSI length - This is the period used for the RSI .
RSI Smooth Length - This is the smoothing period of the Weighted Moving Average used for the smoothing in Inverse Fisher Transform .
RSI Threshold Period - This is the period used for calculating the floating oversold and overbought thresholds.
RSI Overbought - Configures the overbought threshold (80% default).
RSI Oversold - Configures the oversold threshold (20% default).
T3 Smoothing - Enabling this applies T3MA smoothing to the RSI.
T3 Length - This is the period used for the T3MA smoothing of the RSI.
T3 Factor - This is the factor used for the T3MA smoothing of the RSI.
RSI line breaching the thresholds are clearly indicated by filled chart plots.
An inverse Fisher transform of RSI is designed to enhance the extremes (overbought and oversold zones), in combination with floating thresholds this version allows faster and cleaner trend detection and identification. With additional smoothing, false signals can be avoided. As with any other indicator some experimenting with parameters is advised (in order to find optimal settings for symbol/time frame pair).
Happy trading folks!
Hancock
Configurable parameters:
RSI length - This is the period used for the RSI .
RSI Smooth Length - This is the smoothing period of the Weighted Moving Average used for the smoothing in Inverse Fisher Transform .
RSI Threshold Period - This is the period used for calculating the floating oversold and overbought thresholds.
RSI Overbought - Configures the overbought threshold (80% default).
RSI Oversold - Configures the oversold threshold (20% default).
T3 Smoothing - Enabling this applies T3MA smoothing to the RSI.
T3 Length - This is the period used for the T3MA smoothing of the RSI.
T3 Factor - This is the factor used for the T3MA smoothing of the RSI.
RSI line breaching the thresholds are clearly indicated by filled chart plots.
An inverse Fisher transform of RSI is designed to enhance the extremes (overbought and oversold zones), in combination with floating thresholds this version allows faster and cleaner trend detection and identification. With additional smoothing, false signals can be avoided. As with any other indicator some experimenting with parameters is advised (in order to find optimal settings for symbol/time frame pair).
Happy trading folks!
Hancock
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Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.