OPEN-SOURCE SCRIPT
Updated Relative Strength Index with Range Shift
This RSI implements the additional concept of "Range Shift" to accommodate speculative bias towards a Bullish, Strong Bullish, Bearish, or Strong Bearish outlook.
Select the range bias in the settings and get better color coded feedback from the indicator.
Select the range bias in the settings and get better color coded feedback from the indicator.
Release Notes
Updated for pine version 5.Added option to specify logarithmic or regular, defaults to logarithmic.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.