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dgmoon

'RSI Ultra' Fully Customizable Relative Strength Index MTF [DM]

dgmoon  
Oscillators Centered Oscillators Trend Analysis rsi_divergence
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oscillator centeredoscillator trendanalysis rsi_divergence
Greetings Colleagues

Today, I share the classic RSI.

As in the last indicator (moving average oscillator by ) I try to show you how you can take advantage of any indicator to infinity.

For now I let you experiment with the "2" RSIs and their histograms to measure divergence.

The 1st and 2nd RSI are fully customizable together or separately. Length, source, time frame, colors.

Horizontal control levels such as RSIs are fully customizable.

In the next update "tomorrow I will possibly add some details"
I hope their brains don't explode, tomorrow more.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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.

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