OPEN-SOURCE SCRIPT
Adaptive RSI by Puzzle
Updated
Adaptive RSI
RSI with a twist. The values are calculated differently depending upon whether the RSI is above or below the centre point. I have found this gives:
RSI with a twist. The values are calculated differently depending upon whether the RSI is above or below the centre point. I have found this gives:
- More pronounced divergences which are easier to spot and more accurate at predicting local top and bottoms
- More accurate indications of overbought/oversold conditions.
Release Notes
Made the rsi bands configurable.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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