Indicator: Kairi Relative Index (KRI)

KRI is a leading indicator, just like RSI . More info:

I have noticed KRI producing less false-divergences compared to RSI (in my limited BTC backtesting).
Give it a try / backtest on your instrument. Appreciate a note here on what you think.

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.

Want to use this script on a chart?
// @author LazyBear
// The Kairi Relative Index is considered an oscillator as well as a leading indicator.

study("Kairi Relative Index [LazyBear]", shorttitle="KAIRI_LB")
    ((src - sma(src, length))/sma(src, length)) * 100

plot(ki(close), color=red, linewidth=2)

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and also Inverted Ultimate Strength Index
+2 Reply
How about an inverted KRI?
+1 Reply
LazyBear QuantitativeExhaustion
Possible. In the source code, change the line:

plot(ki_c, color=ki_c>0?green:red, linewidth=2)


+1 Reply
LazyBear LazyBear
plot(iki_c, color=iki_c>0?green:red, linewidth=2)
+1 Reply
I find a setting of 20 is Amazing
This is a really great indicator. Any thoughts about smoothing it like RSX?
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