OPEN-SOURCE SCRIPT
Relative Strength Index with Range Shift
Updated
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 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.
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Disclaimer
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