OPEN-SOURCE SCRIPT
Hancock - Floating O/B O/S IFT RSI T3MA
This is a version of the Inverse Fisher Transform Relative Strength Index with floating oversold and overbought thresholds.
Configurable parameters:
RSI length - This is the period used for the RSI .
RSI Smooth Length - This is the smoothing period of the Weighted Moving Average used for the smoothing in Inverse Fisher Transform .
RSI Threshold Period - This is the period used for calculating the floating oversold and overbought thresholds.
RSI Overbought - Configures the overbought threshold (80% default).
RSI Oversold - Configures the oversold threshold (20% default).
T3 Smoothing - Enabling this applies T3MA smoothing to the RSI.
T3 Length - This is the period used for the T3MA smoothing of the RSI.
T3 Factor - This is the factor used for the T3MA smoothing of the RSI.
RSI line breaching the thresholds are clearly indicated by filled chart plots.
An inverse Fisher transform of RSI is designed to enhance the extremes (overbought and oversold zones), in combination with floating thresholds this version allows faster and cleaner trend detection and identification. With additional smoothing, false signals can be avoided. As with any other indicator some experimenting with parameters is advised (in order to find optimal settings for symbol/time frame pair).
Happy trading folks!
Hancock
Configurable parameters:
RSI length - This is the period used for the RSI .
RSI Smooth Length - This is the smoothing period of the Weighted Moving Average used for the smoothing in Inverse Fisher Transform .
RSI Threshold Period - This is the period used for calculating the floating oversold and overbought thresholds.
RSI Overbought - Configures the overbought threshold (80% default).
RSI Oversold - Configures the oversold threshold (20% default).
T3 Smoothing - Enabling this applies T3MA smoothing to the RSI.
T3 Length - This is the period used for the T3MA smoothing of the RSI.
T3 Factor - This is the factor used for the T3MA smoothing of the RSI.
RSI line breaching the thresholds are clearly indicated by filled chart plots.
An inverse Fisher transform of RSI is designed to enhance the extremes (overbought and oversold zones), in combination with floating thresholds this version allows faster and cleaner trend detection and identification. With additional smoothing, false signals can be avoided. As with any other indicator some experimenting with parameters is advised (in order to find optimal settings for symbol/time frame pair).
Happy trading folks!
Hancock
Script de código abierto
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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
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.
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.