OPEN-SOURCE SCRIPT
M.Kiriti RSI with SMA & WMA
This script is a custom RSI indicator with added SMA and WMA moving averages to smooth RSI trends and improve analysis of momentum shifts.
1. RSI Calculation: Measures 14-period RSI of the closing price, default threshold levels at 70 (overbought) and 30 (oversold).
2. Moving Averages (SMA and WMA):
- SMA and WMA are applied to RSI for trend smoothing.
- SMA gives equal weight; WMA gives more weight to recent values, making it more responsive.
3.Overbought/Oversold Lines and Labels:
- Horizontal lines and scale labels at 70 (overbought) and 30 (oversold) make these levels easy to reference.
This indicator is useful for identifying potential reversal points and momentum trends when RSI crosses its moving averages.
1. RSI Calculation: Measures 14-period RSI of the closing price, default threshold levels at 70 (overbought) and 30 (oversold).
2. Moving Averages (SMA and WMA):
- SMA and WMA are applied to RSI for trend smoothing.
- SMA gives equal weight; WMA gives more weight to recent values, making it more responsive.
3.Overbought/Oversold Lines and Labels:
- Horizontal lines and scale labels at 70 (overbought) and 30 (oversold) make these levels easy to reference.
This indicator is useful for identifying potential reversal points and momentum trends when RSI crosses its moving averages.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.