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Exponential Smoothed RSI

I wanted to create a custom RSI to get clearer signals, so I coded this. It is an RSI average (to prevent the classic RSI in and out oversold/overbought zones) that is approaching the 0 and 100 levels with an exponential math formula.
If the "RSI smoothing factor" input increases, the rsi gets easily closer to the 0 and 100 limits.
This RSI will never be lower than 0 or higher than 100, its smoothing is asymptotic to the limits levels
I also added the possibility to change timeframe if you need
Note: the image is a simple confrontation between built-in RSI and exponentially smoothed RSI
If the "RSI smoothing factor" input increases, the rsi gets easily closer to the 0 and 100 limits.
This RSI will never be lower than 0 or higher than 100, its smoothing is asymptotic to the limits levels
I also added the possibility to change timeframe if you need
Note: the image is a simple confrontation between built-in RSI and exponentially smoothed RSI
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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。