Get started
Fontiramisu

Multi Type RSI [Misu]

Fontiramisu  
Relative Strength Index (RSI) Simple Moving Average (SMA) rsi_overbought rsi_oversold multi_type_rsi rsibreakout rsi-ema RSI-DELTA MULTI-RSI signals signal
493
2
relativestrengthindex simplemovingaverage rsi_overbought rsi_oversold multi_type_rsi rsibreakout rsi-ema rsi-delta multi-rsi signals signal
█ This Indicator is based on RSI ( Relative Strength Index ) & multiple type of MA (Moving Average) to show different variations of RSI.

The relative strength index (RSI) is a momentum indicator used in technical analysis to evaluate overvalued or undervalued conditions in the price of that security.

█ Usages:
The purpose of this indicator is to obtain the RSI calculated with different MAs modes instead of the classic RMA.
The red and green zones indicate the oversold and overbought zones.
Buy or sell signals are marked by the green and red circles
We have 2 different signal modes: when the different size RSIs cross and when the fast RSI crosses the extreme bands.
Alerts are setup.

█ Parameters:
  • Lenght RSI: The lenght of the RSI. (14 by default)
  • RSI MA Type: The type of MA with which the rsi will be calculated. ("SMA", "EMA", "SMMA (RMA)", "WMA", "VWMA")
  • Fast Lenght MA: The fast lenght smoothing MA.
  • Slow Lenght MA: The Slow lenght smoothing MA.
  • Lower Band: The lenght of the lower band. (25 by default)
  • Upper Band: The lenght of the upper band. (75 by default)
  • Signal Type: The mode with which buy and sell signals are triggered. ("Cross 2 Mas", "Cross Ma/Bands")
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.

Want to use this script on a chart?