OPEN-SOURCE SCRIPT
Updated RSI Pacing
The RSI Pacing indicator compares the movement of the RSI directly with the movement of the asset to help identify divergences.
Bullish Divergences
Bearish Divergences
Warning: Does not yet work on higher timeframes yet. Working on getting the pace normalized to the RSI's bounds.
Bullish Divergences
- The RSI is increasing at a greater rate than the pace of the asset.
- The RSI is decreasing at a lesser rate than the pace of the asset.
Bearish Divergences
- The RSI is decreasing at a greater rate than the pace of the asset.
- The RSI is increasing at a lesser rate than the pace of the asset.
Warning: Does not yet work on higher timeframes yet. Working on getting the pace normalized to the RSI's bounds.
Release Notes
Adjusted pace calculation to be relevant in all timeframes.Release Notes
Adjustments to interfaceRelease Notes
Adjusted defval for lookback to make indicator less sensitive to abrupt fluctations.Release Notes
Separated PaceMA from RSIMARelease Notes
Updated Overbought/Oversold lines to be consistent with normalized RSI bounds.Release Notes
Added visual that shows the difference between the RSI and the pace.Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
FAQ: I am gradually phasing out my Patreon because of the time it takes to maintain.
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BTC: 35PdMMMXFCvPjXKwn8wsRFNwMEPgStaKUJ
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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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
FAQ: I am gradually phasing out my Patreon because of the time it takes to maintain.
BTC: 35PdMMMXFCvPjXKwn8wsRFNwMEPgStaKUJ
Test my strategies on CryptoRobotics: cryptorobotics.co/?trade=f23b09
BTC: 35PdMMMXFCvPjXKwn8wsRFNwMEPgStaKUJ
Test my strategies on CryptoRobotics: cryptorobotics.co/?trade=f23b09
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.