OPEN-SOURCE SCRIPT

swami_rsi

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Description:
As in the practices, most traders find it hard to set the proper lookback period of the indicator to be used. SwamiCharts offers a comprehensive way to visualize the indicator used over a range of lookback periods. The SwamiCharts of Relative Strength Index (RSI), was developed by Ehlers - see Cycle Analytics for Traders, chapter 16. The indicator was computed over multiple times of the range of lookback period for the Relative Strength Index (RSI), from the deficient period to the relatively high lookback period i.e. 1 to 48, then plotted as one heatmap.

Features:
  • In this indicator, the improvement is to utilize the color(dot)rgb() function, which finds to giving a relatively lower time to compute, and follows the original color scheme.
  • The confirmation level, which assumed of 25
Notes de version
adding high-pass filter options

with high-pass filter example:
https://www.tradingview.com/x/MSqgLRLK/
ehlersheatmapRelative Strength Index (RSI)swamiswamichart

Script open-source

Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

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