swami_rsi

29 Eki 2022

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
  

12 Kas 2022

Sürüm Notları

adding high-pass filter options

with high-pass filter example:
https://www.tradingview.com/x/MSqgLRLK/