This is an RSI Variation with six different averaging methods to choose from.
The averaging methods I've included in this script are: - Exponential Moving Average - Simple Moving Average - Smoothed Moving Average - Weighted Moving Average - Volume Weighted Moving Average - Arnaud Legoux Moving Average
Each method produces a different, yet significant gauge of relative strength.
Custom bar colors are included.
Note di rilascio
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Updates: - Added two more averages, Coefficient of Variation Weighted Moving Average and Kaufman's Adaptive Moving Average, to the available averaging methods. - Added a Laguerre mode to the script, which calculates the RSI using the Laguerre method instead of the conventional method when enabled.
Note di rilascio
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Updates:
Updated the filter types for RSI calculation The available filters for RSI calculation are: -> Exponential Moving Average -> Double Exponential Moving Average -> Simple Moving Average -> Smoothed Moving Average -> Weighted Moving Average -> Volume Weighted Moving Average -> Arnaud Legoux Moving Average -> Coefficient of Variation Moving Average -> Kaufman's Adaptive Moving Average
The filter type and RSI type are selectable via easy to use dropdown menus.