OPEN-SOURCE SCRIPT
Indicator: Kairi Relative Index (KRI)
KRI is a leading indicator, just like RSI. More info: etoro.com/education/kairi-relative-index-vs-relative-strength-index.aspx
I have noticed KRI producing less false-divergences compared to RSI (in my limited BTC backtesting).
Give it a try / backtest on your instrument. Appreciate a note here on what you think.
I have noticed KRI producing less false-divergences compared to RSI (in my limited BTC backtesting).
Give it a try / backtest on your instrument. Appreciate a note here on what you think.
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.
List of my free indicators: bit.ly/1LQaPK8
List of my indicators at Appstore: blog.tradingview.com/?p=970
List of my indicators at Appstore: blog.tradingview.com/?p=970
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.