OPEN-SOURCE SCRIPT
Averaged Stochastic RSI by Tenozen
Simplicity beats everything! Averaged Stochastic RSi is calculated using the 2 points of stochastic of the RSI, where the difference is by 2 (larger), and averaged out the stochastic's values. In result it is less noisy and more responsive towards the market's momentum.
I hope you guys find this indicator useful! So far this is the best indicator I ever had! And I also learned that simplicity is better than complex blurry/abstract problems. Ciao!
I hope you guys find this indicator useful! So far this is the best indicator I ever had! And I also learned that simplicity is better than complex blurry/abstract problems. Ciao!
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 publications is governed by House rules. You can favorite it to use it on a chart.
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