This script displays the Stochastic and Relative Strength Index ("RSI") indicators. Each indicator can be displayed standalone or shown together. The Stochastic indicator also has functionality to highlight overbought/oversold levels as well as relative placement of K and D. The RSI indicator can also be updated to utilize the Arnaud Legoux Moving Average ("ALMA") (vs. the standard Wilder's Moving Average).
I use based on default settings. ALMA RSI can help indicate extent of drop/rise from Stochastic overbought/oversold levels.
- Fixed 'Show RSI?' option to correctly hide RSI if toggled off - Edited default transparency on Stochastics to 80 (from 90)
Notas de prensa
⋅
- Reordered Order of Options
Notas de prensa
⋅
-Upgraded code to Pine v5 -Cleaned up code and simplified 'inputs' coding -Adding Standard RSI Len 9, 45-55 'chop zone' coloring that will display whether Standard or ALMA RSI is utilized (meant to indicate when price is choppy)