OPEN-SOURCE SCRIPT
Updated Kalman RSI
This is a simplified version of Kalman RSI by onegreencandle.
Simplifications:
Simplifications:
- It shows the indicator for a single configurable length with a default of 14.
- It does not color by region.
- It allows selecting the source, with a default of close. The version by onegreencandle uses ohlc4 instead. Note that both versions also use high and low.
- It uses the newer version (5) of Pine Script.
- It sets bands at 85 and 15.
Release Notes
Chart update.Release Notes
Changed the indicator title and shorttitle to distinguish them from another possible implementation of Kalman RSI. In this implementation, the normal RSI is computed effectively over the Kalman MA.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.
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.
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.