OPEN-SOURCE SCRIPT

RSI Trend Filter

RSI based basic trend filter. I don't used it in the NNFX structure but I wanted to test things.

Here RSI is not used as reversal indicator.

We check if RSI>50 or <50 and we use it as a trend confirmation indicator/filter.
nnfxRelative Strength Index (RSI)Trend Analysis

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?

Disclaimer