RSIH‴ | RSI Histogram Momentum

3 jun 2019

RSIH‴ is a Relative Strength Index oscillator that allows you to have a better understanding and interpretation of its behavior once you are able to see it through an histrogram.

As per the standard RSI, RSIH ‴ has extreme zones such as overbought and oversold, but these zones start, respectively, from 20% (similar to 80% on RSI) and from -20% (similar to 20% on RSI), with a mid line at 0% (similar to 50% on RSI).

What is the best is that you can use it with any kind of graphic that it will always considere the real open, close, high and low trading values.

To have access to this indicator, please contact me at: contato @ moneywise . com . br

Believe me, this indicator will make your life much easier!

18 sept 2019

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under validation

5 oct 2020

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One simple improvement:
- arrow showing the RSI direction
- right side bar showing the positive/negative direction for the indicator (line and histogram)

5 oct 2020

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Just wrote a better indicator description.

6 oct 2020

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Just minor adjustment to the INPUT panel.

6 oct 2020

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Just more minor adjustment to the INPUT panel.

6 oct 2020

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Pair of Histogram Expand/Contract Arrow Sign implemented to the right of the indicator (top and bottom).

8 oct 2020

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Added Histogram Expantion/Contration Arrow Sign.

9 jun 2021

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New ability to set the timeframe the indicator will present eventhough in a different timeframe window.

30 ene 2024

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Some few increments:
1. Code version converted to @5 ;
2. Added a strategic reversal line, which helps antecipate the RSI signal.

6 may

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Color adjustment.