OPEN-SOURCE SCRIPT
APEX - RSI with MA [v1]
The Relative Strength Index (RSI) is as a momentum oscillator originally developed by J. Welles Wilder. The indicator is calculated as a Ratio of higher closes to lower closes on a scale of 0 to 100.
If the indicator reaches values above 80 (some use 70 or 75) it means the instrument is overbought and if the values are below 20 (25 or 30) it is oversold. But be aware those are just terms oversold/overbought main oversold /overbought for a long time. In general values over 50 mean your instrument is in a bullish state and below 50 it is in a bearish state.
The indicator is most commonly used with the length of 14. Some use RSI in a much more aggressive manner with the length of 2 (also known as Connors RSI). Whereas others have used length up to 20.
Use greater length values on the lower the timeframe to help with the noise. On larger time frames, you should be looking at lower length values.
If the indicator reaches values above 80 (some use 70 or 75) it means the instrument is overbought and if the values are below 20 (25 or 30) it is oversold. But be aware those are just terms oversold/overbought main oversold /overbought for a long time. In general values over 50 mean your instrument is in a bullish state and below 50 it is in a bearish state.
The indicator is most commonly used with the length of 14. Some use RSI in a much more aggressive manner with the length of 2 (also known as Connors RSI). Whereas others have used length up to 20.
Use greater length values on the lower the timeframe to help with the noise. On larger time frames, you should be looking at lower length values.
Script de código aberto
No verdadeiro espírito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam compreendê-lo e analisá-lo. Parabéns ao autor! Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações é regida pelas Regras da Casa. Você pode favoritá-lo para usá-lo em um gráfico.
Quer usar esse script no gráfico?
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.