Relatively Good Adviser — Indicator by JOJOGLO

movingaverage oscillator relativestrengthindex trend barcolor

This indicator uses the RSI as the backbone of an extremely sensitive two-indicator trend following system.

This indicator is unique in that it uses the RSI as an anchor to attempt to solve for color where there is divergence nearby.

Release Notes:

- adjusted for dark charts
- simplified to three colors
- shows main RSI flips in red/green arrows
- shows minor RSI flips in yellow arrows

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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