OPEN-SOURCE SCRIPT
Updated Asset risk metrics
Measures distance from a said source (high, close, open, ohlc4...) to last all time high, divided by the relative strength index . You are able to compare it to RSI or an RSI moving average (several types included). Default values are intended to be used on weekly timeframe , but serves as well on daily without changing much of the settings.
Feel free to edit/adapt the code, would love feedback on it.
Feel free to edit/adapt the code, would love feedback on it.
Release Notes
Added VWAP version of RSI, may be useful for some people. I find it quite interesting.Release Notes
Changed options names and default precision, nothing importantRelease Notes
Migrated to v6, should work as ever did. Changes will come to the formula of the risk, no longer depending solely on last ATH or RSI, but on different oscillators.I want to adapt this indicator to more assets, and right now it doesnt look at its best.
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.