PROTECTED SOURCE SCRIPT

RSI-SETBIGCAP

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**RSI-SETBIGCAP (Smoothed EMA)**

This indicator calculates the average RSI of 15 large-cap Thai stocks listed on the SET index (e.g., PTT, AOT, KBANK, DELTA, etc.).

To reduce noise and provide a cleaner signal of market-wide momentum, this script plots only the **5-period Exponential Moving Average (EMA)** of the aggregated RSI.

The raw RSI value is computed internally but intentionally hidden from the chart using `display=display.none`. This is designed to focus the trader's attention on the smoothed market momentum without short-term fluctuations.

Useful for macro-level analysis of Thai equities and market sentiment.

Levels:
- Overbought = 60
- Oversold = 40

Feragatname

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