EMARSI, New Moving Average

19 Tem 2020

Hello, I'm playing around with EMA and I found combine change value of Price and RSI create interesting Moving Average to combine with EMA

Basically I just increase up and down sensitivity with RSI as source.
I think it does visualise Bull and Bear momentum better
When Price above EMA and and Price above EMARSI and EMARSI above EMA = Strong Bull, vice versa
and when the criteria above not met it indicate market in Range or Bull/Bear momentum about to end.

Setting :
EMA Length
Smooth Option

Crossover on smooth mode also indicate strong Bull/Bear

Feedback are welcome.
I hope it's useful.

20 Tem 2020

Sürüm Notları

Small update, convert into formula, so whenever you need it, just call emaRsi(src,len)

20 Tem 2020

Sürüm Notları

Update, put RSI Effect in Setting, determine how much % RSI will affect to EMA

20 Tem 2020

Sürüm Notları

Minor update, set default RSI Effect to 10%