PROTECTED SOURCE SCRIPT
ALFA RSI
The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is used to identify overbought or oversold conditions in a market, as well as potential trend reversals.
The RSI is calculated using the following formula:
RSI = 100 - [100 / (1 + RS)]
Where RS = Average of x days' up closes / Average of x days' down closes
The RSI is typically displayed as a line graph that oscillates between 0 and 100. Readings above 70 are considered overbought and may indicate a potential reversal to the downside, while readings below 30 are considered oversold and may indicate a potential reversal to the upside.
Traders and investors use the RSI to confirm trends, identify potential entry and exit points, and to help determine the strength of a trend. It is important to note that while the RSI can be a useful tool, it should be used in conjunction with other technical indicators and analysis techniques for the most accurate results.
In the ALFA RSI indicator, unlike the classic one, the over regions are colored and shown separately at levels such as 50-80-20.
The RSI is calculated using the following formula:
RSI = 100 - [100 / (1 + RS)]
Where RS = Average of x days' up closes / Average of x days' down closes
The RSI is typically displayed as a line graph that oscillates between 0 and 100. Readings above 70 are considered overbought and may indicate a potential reversal to the downside, while readings below 30 are considered oversold and may indicate a potential reversal to the upside.
Traders and investors use the RSI to confirm trends, identify potential entry and exit points, and to help determine the strength of a trend. It is important to note that while the RSI can be a useful tool, it should be used in conjunction with other technical indicators and analysis techniques for the most accurate results.
In the ALFA RSI indicator, unlike the classic one, the over regions are colored and shown separately at levels such as 50-80-20.
受保護腳本
此腳本以閉源形式發佈。 不過，您可以自由且不受任何限制地使用它 — 在此處了解更多資訊。
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。
受保護腳本
此腳本以閉源形式發佈。 不過，您可以自由且不受任何限制地使用它 — 在此處了解更多資訊。
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。