OPEN-SOURCE SCRIPT
Noro's DoubleRSI v1.0
Updated
Recommended
Source = close
FastRSI = 2
SlowRSI = 14
How it works?
DoubleRSI = (FastRSI + SlowRSI ) / 2 = blue line
DoubleRSI > 80 = red bg color = sell?
DoubleRSI < 20 = lime bg color = buy?
Source = close
FastRSI = 2
SlowRSI = 14
How it works?
DoubleRSI = (FastRSI + SlowRSI ) / 2 = blue line
DoubleRSI > 80 = red bg color = sell?
DoubleRSI < 20 = lime bg color = buy?
Release Notes
Recommended Source = close
FastRSI = 2
SlowRSI = 14
RSI-limit = 20
How it works? (if default)
DoubleRSI = (FastRSI + SlowRSI ) / 2 = blue line
DoubleRSI > 80 = red bg-color = sell?
DoubleRSI < 20 = lime bg-color = buy?
Release Notes
+ periods
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.
Disclaimer
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