OPEN-SOURCE SCRIPT
Updated Adaptive RSI by Puzzle
Adaptive RSI
RSI with a twist. The values are calculated differently depending upon whether the RSI is above or below the centre point. I have found this gives:
RSI with a twist. The values are calculated differently depending upon whether the RSI is above or below the centre point. I have found this gives:
- More pronounced divergences which are easier to spot and more accurate at predicting local top and bottoms
- More accurate indications of overbought/oversold conditions.
Release Notes
Made the rsi bands configurable.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.