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
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.