Indicat

Relative Strength Index on Tranquilizers

Some weeks ago, I had a patient in my practice who suffered from internal stability disorders.

Certainly not a case of disordered thinking or schizophrenic behaviour, because his general sense of direction wasn’t the problem.

He just couldn’t find the right overall balance, an ailment he struggled with for years.

Straight away I could diagnose that surgery wasn’t an option, so I gave him a medicine he would clearly benefit from.

I never heard from him again…. He must be doing just fine.


Cheers, Indicat...
Skrip open-source

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Inggin menggunakan skrip ini pada chart?
study(shorttitle="TRSI",title="Relative Strength Index on Tranquilizers" )
len = input(14), src = input(close)
up = rma(max(change(src), 0), len)
down = rma(-min(change(src), 0), len)
rsi = down == 0 ? 100 : up == 0 ? 0 : 100 - (100 / (1 + up / down))
trq = rma(2*ema(rsi, len/2)-ema(rsi, len), round(sqrt(len)))
plot(trq, color=purple)
band1 = hline(70)
band0 = hline(30)
fill(band1, band0, color=purple, transp=90)