OPEN-SOURCE SCRIPT
[blackcat] L1 Vitali Apirine RS EMA
Level 1
Background
For Traders’ Tips for 2022.05, the focus is Vitali Apirine’s article in the January 2022 issue, “Relative Strength Moving Averages, Part 1: The Relative Strength Exponential Moving Average (RS EMA)”.
Function
Author Vitali Apirine introduces the relative strength exponential moving average (RS EMA). The study is designed to account for relative strength of price and is considered a trend-following indicator that can be used in combination with an EMA of the same length to identify the overall trend. RS EMAs with different lengths can define turning points and filter price movements.
Remarks
This is a Level 1 free and open source indicator.
Feedbacks are appreciated.
Background
For Traders’ Tips for 2022.05, the focus is Vitali Apirine’s article in the January 2022 issue, “Relative Strength Moving Averages, Part 1: The Relative Strength Exponential Moving Average (RS EMA)”.
Function
Author Vitali Apirine introduces the relative strength exponential moving average (RS EMA). The study is designed to account for relative strength of price and is considered a trend-following indicator that can be used in combination with an EMA of the same length to identify the overall trend. RS EMAs with different lengths can define turning points and filter price movements.
Remarks
This is a Level 1 free and open source indicator.
Feedbacks are appreciated.
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