Bogdan Ciocoiu - Coordinator

Description
The Coordinator is an indicator developed on the back of the RSI algorithm, modified substantially to form a cloud. In addition, the Coordinator uses EMA/SMA to compare the location of the RSI cloud with the chosen moving averages (EMA vs SMA).

This indicator is helpful as it confirms when a trader should enter a position or exit based on the proximity of the RSI cloud to the relevant MA.

Uniqueness
The Coordinator provides unique benefits, including:

It shows the strength of the RSI in the shape of the RSI cloud, using two sets of dimensions (one more long term and one more short-term oriented).
It indicates the positioning of the RSI cloud in conjunction with the relevant moving averages to help traders remain in positions for longer.
It shows the RSI 14 (useful when spotting divergences aligned with the price action).

Open-source
The Coordinator uses the following open-source scripts:

tradingview.com/scripts/relativestrengthindex/

Notas de prensa

This revision corrects a bug revealed by David, one of our members. The bug was related to the printing of circles/triangles.

Notas de prensa

Removed the individual RSI as the interface became too congested.

Notas de prensa

The default variables have been changed to support new joiners.

Script de código abierto

Siguiendo fielmente el espíritu de TradingView, el creador de este script lo ha publicado en código abierto, permitiendo que otros traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la publicación de este código está sujeta a nuestras Normas internas.

BogdanCiocoiu

Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.

Script de código abierto

BogdanCiocoiu