Relative Strength Index of Moving Average

14 thg 9, 2018

Pine script version 3
Author CryptoJoncis

RSIOMA is the abbreviation for Relative Strength index (RSI) of moving averages (MA). This custom built indicator is based on calculating the relative strength of two moving averages and the smoothes out the RSI using a moving average. Combined, the RSIOMA oscillator depicts trend changes in prices relative to the time frame. The RSIOMA can be used as a signal generator by itself. (ProfitF.com)

There are some minor things which you can use to modify this version of RSIOMA:

• Choose 2 levels of Over Sold and Over Bought for RSI
  
• Set the middle level to easier visualize the trend
  
• Set x% wider MA line to avoid too many fake signals and gain higher precision
  

You can choose which MA would you like to use from the following list:

• Tillson Moving Average (T3)
  
• Double Exponential Moving Average ( DEMA )
  
• Arnaud Legoux Moving Average ( ALMA )
  
• Least Squares Moving Average ( LSMA )
  
• Simple Moving Average ( SMA )
  
• Exponential Moving Average ( EMA )
  
• Weighted Moving Average ( WMA )
  
• Smoothed Moving Average ( SMMA )
  
• Triple Exponential Moving Average ( TEMA )
  
• Hull Moving Average ( HMA )
  
• Adaptive moving average (AMA)
  
• Fractal Adaptive Moving Average (FAMA)
  
• Variable Index Dynamic Average ( VIDYA )
  
• Triangular Moving Average (TRIMA)
  

Any questions/suggestions/errors or spelling mistakes? Please leave a comment and let me know.

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References:
profitf.com/forex-strategies/rsioma-trading-strategy/