RSI Moving Average Crossovers

14 thg 12, 2021

This script is an improved version of the RSI indicator, using a moving average on the RSI itself, as well as two other moving averages used to determine the current trend.
A small screener indicating the current movement is displayed in the bottom-left zone of the chart: trend (Bullish/Bearish/Uncertain) and status (Impulse or Correction)

Trends are simply based on moving averages crossovers, coupled to the fact that the current candle closes above the fast MA in a bull trend, and under the fast MA in a bear trend. In other cases, the trend and the movement are considered as "Uncertain" by the indicator.

Options

• Various types of moving averages for the RSI and trend MA
  
• Show/Hide crossovers between the RSI and its MA
  
• Color the RSI normal zone with the current trend/movement colors
  
• Show/Hide the screener indicating the current movement
  

Defaults Parameters

• Fast MA 20
  
• Slow MA 50
  
• MA source: Close
  
• RSI Length 14
  
• RSI MA: SMMA (RMA)
  
• RSI MA Length: 20
  

Don't hesitate to suggest any idea which could improve this indicator.

1 thg 1, 2022

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Updates

• Trend moving average crossovers are now displayed as xcrosses on the indicator (can be disabled)
  
• Overbought and oversold levels can be modified in options
  

1 thg 1, 2022

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moving average crosses title modified

1 thg 1, 2022

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50% line added