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Jinsu RSI 14

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### ๐Ÿ” **Jinsu RSI 14 โ€“ EMA 9 & WMA 45**

**Description:**
This custom indicator combines the classic RSI (Relative Strength Index) with two moving averages โ€” EMA (Exponential Moving Average) and WMA (Weighted Moving Average) โ€” applied directly to the RSI value to provide more nuanced momentum signals.

### ๐Ÿ“Š **How It Works**

- **RSI 14** measures market momentum and identifies overbought (above 70) or oversold (below 30) conditions.
- **EMA 9 on RSI** responds quickly to short-term changes, signaling momentum shifts.
- **WMA 45 on RSI** captures long-term sentiment, while placing more emphasis on recent data.

### ๐Ÿง  **Signal Interpretation**

- **RSI crosses above EMA 9** โ†’ Possible bullish momentum shift.
- **RSI falls below EMA 9** โ†’ Possible bearish momentum shift.
- **EMA 9 crosses above WMA 45** โ†’ Strong bullish momentum.
- **EMA 9 falls below WMA 45** โ†’ Strong bearish momentum.
- **RSI is between EMA 9 & WMA 45** โ†’ Market may be consolidating or oscillating.

### ๐ŸŽจ **Visual Enhancement**

- The neutral zone (RSI between 30โ€“70) is lightly shaded purple to reduce visual noise.
- When **RSI > 70**, a green color appears and intensifies with higher RSI values, highlighting strong buying pressure.
- All values are displayed with two decimal precision for clarity.

This tool is ideal for trend-following traders and momentum-based strategies, helping you recognize early shifts in market sentiment with visual cues and cross confirmations.

Penafian

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