OPEN-SOURCE SCRIPT
Smoothed Log RSI
Main purpose is to identify the regime change from trend to ranging/choppy environment.
For example if the logRSI turns green, there's good chances the downtrend will be less aggressive.
If the logRSI turns red, there's good chances we don't continue to pump aggressively.
Basically high risk of longing or shorting the asset once it turns green/red.
For example if the logRSI turns green, there's good chances the downtrend will be less aggressive.
If the logRSI turns red, there's good chances we don't continue to pump aggressively.
Basically high risk of longing or shorting the asset once it turns green/red.
Skrip open-source
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Pernyataan Penyangkalan
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Skrip open-source
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Pernyataan Penyangkalan
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.