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auroagwei

CBCI RSI Parallel

auroagwei  
Stochastic RSI (STOCH RSI) Relative Strength Index (RSI) Stochastic Oscillator cbci compositeindex constancebrown
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stochasticrsi relativestrengthindex stochastic cbci compositeindex constancebrown
Parallel version of CBCI Cu + RSI w/ SMA and EMA. It's both indicators, but combined into one indicator space with an adjustable bidirectional offset for the spacing and location.

According to Constance Brown, both the CBCI and RSI are technically supposed to be used in tandem to easily spot divergences - this is an attempt to put that into practice, in one indicator, in the context of tradingview subscription limitations for non Pro/Premium users.
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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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