RSX is a "noise free" version of RSI, with no added lag. This is a port of a clone to Pine.
Use this indicator just like RSI. I have set the default length to 14, feel free to experiment. You can reduce length with out worrying about jaggedness.
Options page has all the configurable parameters. You can use the plot names to setup alerts.
I have couple of more indicators built using this, will post them later. Let me know what you think about this indicator.
RSX Clone compared to normal RSI:
Smoothness helps a lot in identifying the divergences correctly:
Pardon my ignorance of pinescript, but what are the values f90_ mean ? are they 90th element (from end) of the price array ?
praveen_k034
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Hi Lazybear,
From the script what are the variables f99_, f88, f20. Why do you use these series of variables (f8,f10,f18,f20,f28...). I tried to output the variable for f99_ but returned an unassigned variable.
Regards,
praveen
DanielKovacik
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Hello, I am interested in LB_RSRL but cant find anything similar in your list of indicators. Would PM code, please? Thanks
i'm wondering if there is a way to reduce lag of the rsx? JurikMA seems to have some options like phase and power. I could not see these in the code so wondering if it would be possible to tweak the code so user can have control over these variables (have & power)?