The slow relative strength index (SRSI) indicator created by Vitali Apirine is a momentum price oscillator similar to RSI in its application and interpretation. Oscillating between 0 and 100, it generates both OB/OS signals and midline (50) cross over signals and divergences.
As author suggests, bullish/bearish divergences generated by SRSI are not as effective during strong trends. To avoid fading an established trend, the system is used in conjunction with a trend confirmation tool like ADX indicator.
You can configure the OB/OS levels, default are 70/30.
More info: The slow relative strength index, TASC 2015-07
Thanks for this LB. I used your code to make a candlestick version with volume weighting and HA candle options. I hope you dont mind (i did give you credit of course).
Looks good LB. Thanks for sharing it and all the other indicators that you provide to us. By the way, I have looked for a Time Series Forecast indicator in the scripts and have not found it. Do you know if it exists? Thanks again.
MONEYMENOW
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Good for day trading
Futuraman
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Thank God the Ehlers flood is over ;>)
LazyBear
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aha, there is at least one Ehlers hater out there :)
IvanLabrie
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Ehler's stuff is quite good if used with some common sense :)
BB squeeze + cgo signal after expanding range in one direction.
tradingview.com/script/aJVC9L0n-Crypto-Sticks-Apirine-Slow-RSI-SRSI-by-Cryptorthyhms/