OPEN-SOURCE SCRIPT

RSI Moving Average Crossovers

已更新

This script is an improved version of the RSI indicator, using a moving average on the RSI itself, as well as two other moving averages used to determine the current trend.
A small screener indicating the current movement is displayed in the bottom-left zone of the chart: trend (Bullish/Bearish/Uncertain) and status (Impulse or Correction)

Trends are simply based on moving averages crossovers, coupled to the fact that the current candle closes above the fast MA in a bull trend, and under the fast MA in a bear trend. In other cases, the trend and the movement are considered as "Uncertain" by the indicator.

Options

Various types of moving averages for the RSI and trend MA
Show/Hide crossovers between the RSI and its MA
Color the RSI normal zone with the current trend/movement colors
Show/Hide the screener indicating the current movement

Defaults Parameters

Fast MA 20
Slow MA 50
MA source: Close
RSI Length 14
RSI MA: SMMA (RMA)
RSI MA Length: 20

Don't hesitate to suggest any idea which could improve this indicator.

版本注释

Updates

Trend moving average crossovers are now displayed as xcrosses on the indicator (can be disabled)
Overbought and oversold levels can be modified in options

版本注释

moving average crosses title modified

版本注释

50% line added