Classic RSI with MTF combined with its moving average (i reused a function to allow you to select any of them you want) for additional signals.
Indicator is based on this source: medium.com
A variation called Cutler's RSI is based on a simple moving average of U and D, instead of the exponential average. Cutler had found that since Wilder used an exponential moving average to calculate RSI, the value of Wilder's RSI depended upon where in the data file his calculations started. Cutler termed this Data Length Dependency. Cutler's RSI is not data...
Plots RSI of 2 different periods. Crossover of faster RSI with slower RSI suggests bullish outlook. Crossunders imply bearish outlook. Let me know what you think.
The values used by this indicator are equal to RSI 14. Only changes are made to looks:
If RSI is above 50%, then we are seeing green. Else, we are seeing red.
Another point is that depending on whether the RSI increases or decreases, we get two different color tones.
based on the popular Godmode Indicator with modifications by LEGION, LAZYBEAR, Ni6HTH4wK, xSilas, oh92, sco77m4r7in
All Credit belongs to them. THX Guys!
This is a Combination of a RSI and Godmode.
RSI has a Simple or Exponential Moving Average, Histogram Color Changes when the RSI reaches the Overbought/Oversold Zones.
Godmode is basicly the same as the...
Original idea by: twitter.com
My Twitter: twitter.com
Help from: Lokraan and Pepsii1335 of Cryptopolis
Averages out 8 exchanges to use. Allows one to view it on intraday timeframes.
Use this RSI if you are using this indicator:
//@version=3
study("8 Exchange Average RSI")
src =...
This is an oscillator.
Buy on zero cross from below.
Sell on zero cross from above.
It prevents risky buys when price is too high and too low. It is capable of recognizing long bear runs to prevent you prom buying
Best used with Bollinger Bands.
Based on RSI and Stochastic RSI
