OPEN-SOURCE SCRIPT

Double Smoothed Relative Strength Index

Updated

The Double Smoothed RSI Indicator was created by William Blau (Stocks & Commodities V. 9:5 (202-205)) and is a variation of the classic RSI using his Momenta Indicator and his Momenta RSI formula. I have color coded everything to make it very easy to determine buy and sell signals.

Let me know if you would like to see me write scripts for other indicators!

Release Notes

Changed the title

Release Notes

allowed someone to change the ob/os levels

Release Notes

updated to match my other indicators

Release Notes

fixed issue with default resolution

Release Notes

Updated to v5

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.

Want to use this script on a chart?

cheatcountry

I created the largest stock indicator library:
github.com/ooples/

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