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Preprosessed & Standardized RSI

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Centered Oscillators Volatility Trend Analysis Relative Strength Index (RSI) standardized performance
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centeredoscillator volatility trendanalysis relativestrengthindex standardized performance
Description:

This is a preprocessed and standardized version of RSI indicator. You can replace RSI with any other indicator of your choice. Use this code as a framework for your ideas.
Time Threshold parameter is useful in handling a repainting issue. By setting it to higher values you can effectively eliminate repainting!
Cumulative Return, Win/Loss and Win Rate are quick & dirty performance measures helpful in tuning parameters.

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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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