PROTECTED SOURCE SCRIPT

Smoothed RSI

Updated

This smoothed RSI indicator is designed to allow users to try and identify periods of extended time in oversold and overbought areas using a smoothed RSI value.

Features:
- RSI
- Period
- Source
- Resolution
- Visibility

- Smoothed RSI
- Period
- Moving Average Type
- Visibility

Release Notes

Clarified the names of some inputs, and added options to that the overbought and oversold levels could be customized. I also changed the default values to use DEMA with a 17-period lookback for the smoothing as this seemed to find peeks slightly better.

Release Notes

Changed color from green to blue on RSI.

Release Notes

Now includes calculated midpoint. (oversold + overbought) / 2.

Release Notes

Updating image.

Release Notes

Added a histogram to show the difference between the actual RSI and Smoothed RSI.

Also, added arrows above and below the 0 line to show when the Smoothed RSI changes directions.

Release Notes

Fixed a plot issue where the shapes were bound to the price of the symbol instead of the bottom bar.

Release Notes

Fixed some settings with plotted items to make them more attractive.

Note, the midpoint was removed earlier.

Release Notes

Added a smoothed histogram line with selectable period and ma type.

Protected script

This script is published closed-source and you may privately use it freely.

Want to use this script on a chart?

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