OPEN-SOURCE SCRIPT
Tripple Smoothed RSI
Triple Exponentially Smoothed RSI by Mauritz van der Walt
If you like this idea, find it useful or use it anywhere please inform me @ tradingview.com/u/mauritzwalt/
I use the RSI primarily for divergences and was in need for something more smooth to spot divergences easier without adding too much lag. Therefor I decided to use a Triple Exponential Moving Average (TEMA) to achieve this. /
The settings for all three EMA are exposed. After smoothing I rescale the value between 0 and 100 using the stochastics technique.
If you like this idea, find it useful or use it anywhere please inform me @ tradingview.com/u/mauritzwalt/
I use the RSI primarily for divergences and was in need for something more smooth to spot divergences easier without adding too much lag. Therefor I decided to use a Triple Exponential Moving Average (TEMA) to achieve this. /
The settings for all three EMA are exposed. After smoothing I rescale the value between 0 and 100 using the stochastics technique.
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.