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Esqvair_1

Esqvair's Relative Strength Index

Esqvair_1  
Relative Strength Index (RSI) modification
25
0
relativestrengthindex modification
The Indicator

Esqvair's Relative Strength Index is the another modification of very popular Relative Strength Index by J. Welles Wilder

The Modification

This version uses de-lagged price as source, de-lagging price improves performance of the indicator.

How to use

The ways of usage are same as original Relative Strength Index that means you can use it as overbought and oversold indicator or as divergence indicator.
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.

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.

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