# Smoothed RSI Backtest ver.2

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This is new version of RSI oscillator indicator, developed by John Ehlers .
The main advantage of his way of enhancing the RSI indicator is smoothing
with minimum of lag penalty.

You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.

## Kommentare

For anyone's convenience, I have created a custom alert with HPotter's script here: //@version=2
////////////////////////////////////////////////////////////
// Copyright by HPotter v1.0 20/11/2017
// This is new version of RSI oscillator indicator, developed by John Ehlers.
// The main advantage of his way of enhancing the RSI indicator is smoothing
// with minimum of lag penalty.
//
// You can change long to short in the Input Settings
// WARNING:
// - For purpose educate only
// - This script to change bars colors.
////////////////////////////////////////////////////////////
study(title="Smoothed RSI Backtest ver.2")
Length = input(15, minval=1)
TopBand = input(0.8, step=0.01)
LowBand = input(0.2, step=0.01)
hline(TopBand, color=red, linestyle=line)
hline(LowBand, color=green, linestyle=line)
xValue = (close + 2 * close + 2 * close + close ) / 6
CU23 = sum(iff(xValue > xValue, xValue - xValue, 0), Length)
CD23 = sum(iff(xValue < xValue, xValue - xValue, 0), Length)
nRes = iff(CU23 + CD23 != 0, CU23/(CU23 + CD23), 0)
pos = iff(nRes > TopBand, 1,
iff(nRes < LowBand, -1, nz(pos, 0)))
possig = iff(reverse and pos == 1, -1,
iff(reverse and pos == -1, 1, pos))

Buy = reverse and pos == 1 and reverse and pos != 1
Sell = reverse and pos == -1 and reverse and pos != -1

//h1 = plot(shortCondition, "Sell", red, offset = 0)
//h2 = plot(longCondition, "Buy", green, offset = 0)
//bgcolor(longCondition>shortCondition ? green : red)
//barcolor(possig == -1 ? red: possig == 1 ? green : blue )
plot(nRes, color=blue, title="Smoothed RSI", offset = 1)
Antworten
Hi, great work! Does it repaint by any chance? I haven't noticed it so far.
Antworten
tanner314
@tanner314, What do you mean?
Antworten
HPotter