OPEN-SOURCE SCRIPT

Premier RSI Oscillator [LazyBear]

127 425
This is a modified form of PSO (original idea by Lee Leibfarth), to use RSI as the input.

This provides a quick response to changes in market direction. This highly sensitive indicator allows for early anticipation of price turns and can be used to establish definitive trading zones that identify potential trading opportunities.

Entry/Exit rules are the same as PSO. Enabling bar colors makes it easy to identify the entry/exits too (Refer to my comment below for more points to keep in mind regarding colors)

Here's a comparison against normal RSI.
istantanea

More info:
PSO:
Indicator: Premier Stochastic Oscillator


List of my public indicators: bit.ly/1LQaPK8
List of my app-store indicators: blog.tradingview.com/?p=970

Declinazione di responsabilità

Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.