Trend Following RSI — Indicator by lonelygrass

oscillator movingaverage relativestrengthindex trend

This Trend Following RSI aims to remove noise, and to provide users with the information that the market is marking up or down. The theory behind is that it adopts a special moving average to calculate the RSI value.

Green line indicates the oversold(30) or overbought(70) of short term trends while blue line does that for long term.

It can be useful if you firstly figure out the long term trend and spot nice trading setups with short term rsi, ie. Buy oversold in short term when long term is overbought( which indicates a strong uptrend).

Hope everyone will prosper in the coming year. If you want to use this TA, drop me a message.

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact lonelygrass for more information, or follow the author's instructions below.

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