OPEN-SOURCE SCRIPT
Atualizado

RSI Moving Average Crossovers

23 425
This script is an improved version of the RSI indicator, using a moving average on the RSI itself, as well as two other moving averages used to determine the current trend.
A small screener indicating the current movement is displayed in the bottom-left zone of the chart: trend (Bullish/Bearish/Uncertain) and status (Impulse or Correction)

Trends are simply based on moving averages crossovers, coupled to the fact that the current candle closes above the fast MA in a bull trend, and under the fast MA in a bear trend. In other cases, the trend and the movement are considered as "Uncertain" by the indicator.

Options
  • Various types of moving averages for the RSI and trend MA
  • Show/Hide crossovers between the RSI and its MA
  • Color the RSI normal zone with the current trend/movement colors
  • Show/Hide the screener indicating the current movement


Defaults Parameters
  • Fast MA 20
  • Slow MA 50
  • MA source: Close
  • RSI Length 14
  • RSI MA: SMMA (RMA)
  • RSI MA Length: 20


Don't hesitate to suggest any idea which could improve this indicator.
Notas de Lançamento
Updates

  • Trend moving average crossovers are now displayed as xcrosses on the indicator (can be disabled)
  • Overbought and oversold levels can be modified in options

Notas de Lançamento
moving average crosses title modified
Notas de Lançamento
50% line added

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