KRI is a leading indicator, just like RSI. More info: www.etoro.com/educat...-strength-index.aspx
I have noticed KRI producing less false-divergences compared to RSI (in my limited BTC backtesting).
Give it a try / backtest on your instrument. Appreciate a note here on what you think.
I have noticed KRI producing less false-divergences compared to RSI (in my limited BTC backtesting).
Give it a try / backtest on your instrument. Appreciate a note here on what you think.
List of my free indicators: bit.ly/1LQaPK8
List of my indicators at Appstore: blog.tradingview.com/?p=970
List of my indicators at Appstore: blog.tradingview.com/?p=970
//
// @author LazyBear
//
// http://www.investopedia.com/articles/forex/09/kairi-relative-strength-index.asp
// The Kairi Relative Index is considered an oscillator as well as a leading indicator.
//
study("Kairi Relative Index [LazyBear]", shorttitle="KAIRI_LB")
length=input(14)
ki(src)=>
((src - sma(src, length))/sma(src, length)) * 100
hline(0)
plot(ki(close), color=red, linewidth=2)
