YK_28CRYPTO_Custom_RSI
22/11 Crossover
Financial Interpretation: The Relative Strength Index is useful for detecting Movement which is not readily apparent, and also as a Reversal signal using Divergence between the RSI and price (an RSI above 70 or below 30 warns of coming reversals). The Relative Strength Index is smoother than the Rate of Change.
Calculation: The Relative Strength index is calculated using following algorithm:
1. Average Upward Price Move = EMA( Sum of all upward movements in Closing price )
2. Average Downward Price Move = EMA( Sum of all downward movements in Closing price )
3. Calculate Relative Strength (RS):
RS = Average Upward Price Move / Average Downward Price Move
4. Calculate the Relative Strength Index (RSI):
RSI = 100 - 100 / ( 1 + RS )
It warns of coming reversal convergence/divergence combined with Heiken Ashi
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact Senin directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact Senin directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.