OPEN-SOURCE SCRIPT
EMA Drift
Just a fun little oscillator I made that measures the drift from the EMAs and adds it to an exponential RSI.
It came from an idea that drift from moving averages were a good indicator of overbought/oversold, so I added it to an altered RSI.
Will keep tweaking it to get it just right.
It came from an idea that drift from moving averages were a good indicator of overbought/oversold, so I added it to an altered RSI.
Will keep tweaking it to get it just right.
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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