OPEN-SOURCE SCRIPT
ALMA RSI
Relative Strength Index indicator which uses Arnaud Legoux Moving Average inside instead of Wilder's Exponential Moving Average (RMA).
This makes it more reactive and also smoother without less false positive signals. It is much easier to find divergences this way.
This makes it more reactive and also smoother without less false positive signals. It is much easier to find divergences this way.
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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