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.
Good Morning I like your heatmap aspect but there is no time frame selection inside the inputs, and would be great with length input too Have you done a new version ?
palitoj_endthen
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@ForexSeals, to adding time-frame selection you might want to modified the script by yourself, to turn the: show_initial show_confirmation show_continuation and all the confirmation line -> line.new into a comment *# and add (timeframe = '', timeframe_gaps = true), in the indicator function goodluck