OPEN-SOURCE SCRIPT
RSI Modified

The RSI is an excellent indicator for determining when equities are overbought/oversold. Though I believe there is a shortcoming in using the 70/30 levels since they are static and do not adjust for when an equity is trending. It stands to reason that in a downtrend, the overbought might be less than 70 and the oversold less than 30—Vice versa for a bull trend. Using the built-in function of pivots, I have attempted to create overbought/oversold lines that adjust with the trend. Leaving the 70/30 lines on the indicator also helps visualize the equity trend. All pivot settings are adjustable in the input menu. The pivot limits serve as a filter for recording pivot points. For example, with an upper pivot limit of 60, only pivots greater than 60 will be recorded into the array used to determine overbought. The crosses represent which values are used to determine overbought/oversold and do not provide timely indications.
開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
Checkout my free weekly market updates on substack!
ronaldryninger.substack.com
ronaldryninger.substack.com
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
Checkout my free weekly market updates on substack!
ronaldryninger.substack.com
ronaldryninger.substack.com
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。