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Momenta Relative Strength Index

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Oscillators Relative Strength Index (RSI) Centered Oscillators blau Momentum Oscillators rsi_overbought rsi_oversold momentumindicator rsidivergence relativestrength
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oscillator relativestrengthindex centeredoscillator blau momentumoscillator rsi_overbought rsi_oversold momentumindicator rsidivergence relativestrength
The Momenta RSI Indicator was created by William Blau (Stocks & Commodities V. 9:5 (202-205)) and is a variation of the classic RSI using his Momenta Indicator formula. I have color coded everything to make it very easy to determine buy and sell signals.

Let me know if you would like to see me write scripts for other indicators!
Release Notes:
updated to match with my other indicators
Release Notes:
fixed issue with default resolution
I created the largest stock indicator library:
github.com/ooples/

Custom Indicator Requests:
forms.gle/ouMffZR3dQ8bSJQG7

Tips are appreciated:
paypal.me/cheatcountry
patreon.com/cheatcountry
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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