Comp'lament

1000 followers. Cheers. Thank You.
- special Thanks to @LucF.

█ OVERVIEW

This closed-source indicator, Comp'lament, offers a unique visualization of relative strength using a custom modified RSI calculation with a floating length. It's a special edition release celebrating 1000 followers. This visuals are a tuned throwback to the March 2023 TASC magazine article.

█ CONCEPTS

Comp'lament takes a novel approach to RSI by incorporating a floating length calculation and a specialized transformation function. This provides a visually distinct representation of relative strength, with gradient fills and dynamic shadows that react to changing market conditions. It's designed to offer a quick and intuitive understanding of overbought/oversold conditions.

█ INPUTS

 • Length: Controls the lookback period of the RSI.
 • Range of Hue: Influences the color gradient's range.
 • Buy Hue: Sets the color for potential overbought areas.
 • Sell Hue: Sets the color for potential oversold areas.
 • Opacity: Adjusts the transparency of the indicator.
 • L/H Dist: Determines the horizontal boundaries.


█ VISUALIZATION

The indicator utilizes vibrant colors and shadows:

 • The central line represents the modified RSI value.
 • Fill areas between the RSI and its EMA highlight potential overbought/oversold zones.
 • Dynamic shadows accentuate price extremes and potential trend reversals.
 • Dotted lines mark high/low boundaries influenced by the L/H Dist input.

█ NOTES

This script is a closed-source release for the underlying code. Though visually inspired by the TASC March 2023 article "Every Little Bit Helps" by John F. Ehlers, the specific implementation details of the floating length and transformation function are not publicly disclosed.

█ THANKS

 • 1000 Followers: This release celebrates reaching 1000 followers – Thank you for your support!