Ehlers-Smoothed Stochastic RSI [Krypt]This script uses a regular Stochastic RSI formula and then runs Ehlers' Super Smoother on top of it. It also provides buy/sell signals on crossovers.
The script is inspired by LazyBear Ehlers-Smoothed Stochastic RSI with Roofing Filter, except I find that the Roofing filter (existing implementation) does not work well near extreme price changes, where a regular formula is preferable. The Ehlers Super Smoother however is excellent and seems to provide earlier signals in most cases than an EMA-EMA smoother. Combined, the super-smoother and regular Stochastic RSI formula provide very good results.
Smoothrsi
Triple Exponentially Smoothed RSI by Mauritz van der Walt Triple Exponentially Smoothed RSI by Mauritz van der Walt
If you like this idea, find it useful or use it anywhere please inform me @ www.tradingview.com
I use the RSI primarily for divergences and was in need for something more smooth to spot divergences easier without adding too much lag. Therefor I decided to use a Triple Exponential Moving Average (TEMA) to achieve this. /
The settings for all three EMA are exposed. After smoothing I rescale the value between 0 and 100 using the stochastics technique.
Tripple Smoothed RSITriple Exponentially Smoothed RSI by Mauritz van der Walt
If you like this idea, find it useful or use it anywhere please inform me @ www.tradingview.com
I use the RSI primarily for divergences and was in need for something more smooth to spot divergences easier without adding too much lag. Therefor I decided to use a Triple Exponential Moving Average (TEMA) to achieve this. /
The settings for all three EMA are exposed. After smoothing I rescale the value between 0 and 100 using the stochastics technique.
