RSIH‴ | RSI Histogram Momentum

RSIH‴ is a Relative Strength Index oscillator that allows you to have a better understanding and interpretation of its behavior once you are able to see it through an histrogram.

As per the standard RSI, RSIH ‴ has extreme zones such as overbought and oversold, but these zones start, respectively, from 20% (similar to 80% on RSI) and from -20% (similar to 20% on RSI), with a mid line at 0% (similar to 50% on RSI).

What is the best is that you can use it with any kind of graphic that it will always considere the real open, close, high and low trading values.

To have access to this indicator, please contact me at: contato @ moneywise . com . br

Believe me, this indicator will make your life much easier!

Release Notes

under validation

Release Notes

One simple improvement:
- arrow showing the RSI direction
- right side bar showing the positive/negative direction for the indicator (line and histogram)

Release Notes

Just wrote a better indicator description.

Release Notes

Just minor adjustment to the INPUT panel.

Release Notes

Just more minor adjustment to the INPUT panel.

Release Notes

Pair of Histogram Expand/Contract Arrow Sign implemented to the right of the indicator (top and bottom).

Release Notes

Added Histogram Expantion/Contration Arrow Sign.

Release Notes

New ability to set the timeframe the indicator will present eventhough in a different timeframe window.

Release Notes

Some few increments:
1. Code version converted to 5 ;
2. Added a strategic reversal line, which helps antecipate the RSI signal.

Invite-only script

Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact MarceloTorres directly.

TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.

Author's instructions

If you are interested in this indicator, please DM me. Don't contact me in the comment area.

Warning: please read our guide for invite-only scripts before requesting access.

MarceloTorres

TRADEWISER | Marcelo Torres
marcelo@tradewiser.pro

Vídeo-Análise completa diária no YouTube:
youtube.com/c/TradeWiserPro

Curso/AE
CursoAE.TradeWiser.pro

@TradeWiserPro
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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.

Invite-only script

TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.