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smoothed_rsi

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Description:
A well-known and vastly used momentum indicator, a Relative Strength Index (RSI) by J. Welles Wilder Jr., aims to evaluate the current price to its oversold/overbought area while giving an overview of bearish/bullish momentum. In this indicator, simply adding the super-smoother function (John F. Ehlers) was applied to the RSI line to create a more smoothed line and reduce its noise.

RSI:
RSI = 100 - 100/(1+RS)
RS = AvgUp/AvgDown
super_smoother(rsi)

Notes:
  • RSI > 70 indicates overbought
  • RSI < 30 indicates oversold
  • direction of the RSI line
Nota Keluaran
adding trendline options to identify e.g. divergence occurrence

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.