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OPEN-SOURCE SCRIPT

CSRS

By Algorca
Updated
Candlesticked RSI for price action traders!
See the True Momentum.


You can smooth RSI to remove noises and also find divergences.

fully customizable.
Release Notes
Bugs fixed.


also
  • You can see the index in a separate frame from your main frame
  • Liner chart added

Release Notes
Small Improvement.
Release Notes
Allerts added

You can set allert for reaching to the 20, 30 [Lower zone] / 70, 80 [Upper zone]
Release Notes
Bug fixes and improvements

also
  • Siwi candles chart added.


In the study of price actions, the shorter wick of a candle is usually much less important, and the long wick contains information about the buying and selling pressure.
In this mode, the amount of shorter wick reduced from larger and the result is pure wick, which is added to the side to which the long wick belonged.
Release Notes
A small error was corrected
Release Notes
New alert

You can set alert for divergence detection
Release Notes
CSRS v2 has been released with many enhancements and features
visit my script page
Candlestick AnalysisDivergenceRelative Strength Index (RSI)rsi_divergence

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 publication is governed by House rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

Algorca

Disclaimer

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