TheTrdFloor

Outback RSI & Hull [TTF]

TheTrdFloor Aktualisiert   
This indicator was originally made to help users following along with one of our strategies that we call The Outback (hence the name).

One of the component indicators of that strategy is an RSI with a Hull Moving Average added on top of the RSI as an additional reference for the momentum of the RSI. Many people either had difficulty setting this up correctly, or were having issues with the Indicator on Indicator component, so we built this indicator to assist in that regard.

As we continued to use it, we found it to be a pretty sound momentum indicator that had much to offer by enhancing the more normal RSI, and wanted to make this indicator generally available to the public.

The basic premise of this indicator is as follows:
  • The core is a traditional RSI with a "normal" (usually Simple) moving average
  • The "secret sauce" is adding a 2nd moving average (a Hull Moving Average, inspired by Insilico's awesome Hull Suite) based off the RSI

By leveraging the RSI's position relative to both the Simple and Hull moving averages, you can better gauge the relative strength of the current momentum, as well as better visualize longer-term momentum direction and strength based on the moving average slopes and direction.
Versionshinweise:
Added alertconditions for the "Risk Entry" long (bullish) and short (bearish) conditions appearing

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Open-source Skript

Ganz im Spirit von TradingView hat der Autor dieses Skripts es als Open-Source veröffentlicht, damit Trader es besser verstehen und überprüfen können. Herzlichen Glückwunsch an den Autor! Sie können es kostenlos verwenden, aber die Wiederverwendung dieses Codes in einer Veröffentlichung unterliegt den Hausregeln. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.

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