niceKitten55428

Ribbon Relative Strength Index

niceKitten55428 Updated   
Description
Ribbon RSI is the base on of the original RSI.

In RSI (dark color) and RSI-base MA (light color), we added short (12-day) and long (26-day) periods to show these crossovers, including crossovers between the RSI and the RSI-base MA, We've also added a trend period (50-day) RSI section that shows this section in the background.

And because Stochastic is a momentum indicator as well. It is therefore included as a guide to support RSI in another way.

How to Setting
— You can adjust the Short (12 days), Long (26 days) and Trend (50 days) periods from Settings: Input page in the RSI Setting section.

— You can adjust the RSI-base MA interval (9 days) on the Settings: Input page in the MA Setting section.

— You can display the lines of RSI, RSI-base MA at Setting: Style in RSI…

— You can display the Stochastic lines on the Settings: Style page in the Stochastic…

Release Notes:
Update using standard chart types.
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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