OPEN-SOURCE SCRIPT

STD-Filtered Variety RSI of Double Averages w/ DSL [Loxx]

STD-Filtered Variety RSI of Double Averages w/ DSL [Loxx] is a standard deviation step filtered RSI indicator that is calculated using double smoothing. The user can choose from 8 different RSI types and 38 different double smoothing types. This indicator uses Discontinued Signal Lines instead of regular signals and levels. This allows the signals to be more precise in catching early trend breakouts and breakdowns.

Things to note

Double smoothing of the source does not function like DEMA, for example. This double smoothing is just smoothing of smoothing of source
There are two types of smoothing for Discontinued Signals Lines: Regular EMA and Fast EMA
T3 RSI has been added on top of Loxx's Variety RSI library

Contained inside this indicator
Loxx's Moving Averages

loxxmas - moving averages used in Loxx's indis & strats

Loxx's Variety RSI

Related indicators
Corrected RSI w/ Floating Levels [Loxx]

Adaptive, Jurik-Filtered, Floating RSI [Loxx]

Variety RSI w/ Dynamic Zones [Loxx]

Included

Bar coloring
Alerts
2 types of signals with precision adjustment
Loxx's Variety RSI
Loxx's Moving Averages

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

loxx

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