Dreadblitz

Dynamic RSI

The Dynamic RSI indicator is a kind of exponential RSI . The overbought and oversold levels (respectively HiLine and LoLine) are calculated according to the recent highest and lowest values of the Dynamic RSI line.

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.

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Comments

this is a facinatng indicator? Can I set up alerts to notify me when there is overbought and oversold conditions?
+7 Reply
Thanks, wonderful indicator,I wish to get your explanation for the line
R = (4 * RSILine + 3 * RSILine + 2 * RSILine + RSILine ) / 10
+6 Reply
this is good, but it urgently needs options for adjustments!
+1 Reply
It gave false signals 😣
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My RSI was drunk, but continued to serve me =D
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THANK YOU
Reply
This is a slick tool! If you've got a good system... this is the perfect compliment.
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wow wish to get the indicator bro.
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voy a probarlo,
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Gorgeous !
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