OPEN-SOURCE SCRIPT
[blackcat] L1 RSMK
Level 1
Background
This is a modified version of indicator from Markos Katsanos’ article in the March issue, “Using Relative Strength To Outperform The Market”.
Function
In “Using Relative Strength To Outperform The Market” in this issue, author Markos Katsanos presents a trading system based on a new relative strength indicator he calls RSMK. The indicator improves on the traditional relative strength indicator by separating periods of strong or weak relative strength.
I found it helpful for divergence identification.
Remarks
This is a Level 1 free and open source indicator.
Feedbacks are appreciated.
Background
This is a modified version of indicator from Markos Katsanos’ article in the March issue, “Using Relative Strength To Outperform The Market”.
Function
In “Using Relative Strength To Outperform The Market” in this issue, author Markos Katsanos presents a trading system based on a new relative strength indicator he calls RSMK. The indicator improves on the traditional relative strength indicator by separating periods of strong or weak relative strength.
I found it helpful for divergence identification.
Remarks
This is a Level 1 free and open source indicator.
Feedbacks are appreciated.
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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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Avoid losing contact！Don't miss out! The first and most important thing to do is to join my Discord chat now! Click here to start your adventure: discord.com/invite/ZTGpQJq 防止失联，请立即行动，加入本猫聊天群: discord.com/invite/ZTGpQJq
Disclaimer
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