This is a normal RSI.
I like the default colors, but when you create a custom RSI the default colors (eg purple) are not the same as the built-in RSI colors.
This script is an approximation of the colors of the built-in RSI - the RSI itself, the background, the upper and lower boundaries.
Feel free to just grab the colors.
(imgur album shows identical in...
(not sure why the text in the image above is messed up; it looked good before publishing. The oscillators above are (from top to bottom) StochOBV, OBVOSC (LazyBear), OBV)
Applies the Stochastic Oscillator to OBV the same way StochRSI applies the Stochastic Oscillator to RSI.
Features:
- Bounded between 0 and 100, so it may be used for overbought/oversold...
Recursive Median Oscillator indicator script.
This indicator was originally developed by John F. Ehlers (Stocks & Commodities V. 36:03 (8–11): Recursive Median Filters).
Trend Continuation Factor indicator script.
This indicator was originally developed by M.H. Pee (Stocks & Commodities V. 20:3 (58-64): Trend Continuation Factor).
The scope of this script is to measure momentum and strenght of EURO and DOLLAR using their indexes.
Forza (line) above 0 means EURO is stonger than DOLLAR
Momento (histogram) above 0 means EURO has a positive momentum against DOLLAR
The added value to see MACD and RSI directly on EURUSD chart is that indexes consider also other pairs so their RSI and MACD has a...
The MACD indicator is very useful when thinking of it in terms of momentum and trend and not as a holy grail.
There are many settings that can be used and I prefer to use the settings that reflect the 3/10 oscillator (Raschke).
While you can simply input the numbers 3,10,16 into your standard MACD, the proper 3/10 uses simple averages.
![GBPUSD: [RS]Multiple TRIX](https://s3.tradingview.com/y/y7X86T12_mid.png "[RS]Multiple TRIX")
