dman103

RSI Histogram

This an experiment to visualise the famous RSI indicator within a Histogram.
Opposed to regular RSI this RSI is plotted into a Histogram and uses different scales (100 to -100), in addition it has the ability to smooth the RSI with various moving averages like HMA , JMA and KAMA .

About RSI:
The RSI measures recent performance of a given stock against its own price history performance, by combining the average gain or loss a particular security owns over a predetermined time period. 

Bars can be colored in Settings (Disabled by default)

Enjoy and like if you like :)
Open-source Skript

Ganz im Sinne von TradingView hat der Autor dieses Skripts es als Open-Source veröffentlicht, damit Trader es verstehen und überprüfen können. Ein Hoch auf den Autor! Sie können es kostenlos verwenden, aber die Wiederverwendung dieses Codes in einer Publikation unterliegt den Hausregeln. Sie können das Skript den Favoriten hinzufügen, um es auf dem Chart zu verwenden.

Möchten Sie dieses Skript auf einem Chart verwenden?
Appreciation of my work: https://paypal.me/dman103

Premium Pivot Points Algo Indicator: https://www.tradingview.com/script/LFBaHNuA-Pivot-Points-Algo/

Kommentare

This is amazing! Could you add the OB/OS lines for the RSI as well in line mode?
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Thanks. I added this to my favorite scripts and will try using it to spot divergences. Is that its primary purpose or is there more to it than that?
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dman103 Skipper86
@Skipper86, Hey, Yes, you can use it to spot divergences, it's basically an RSI plotted as an histogram with different scales including the ability to smooth the result with a Moving average.
+1 Antworten