Want to make your RSI smoother and easier to track and follow its signals? You can add a moving average signal line to it.
Let me share how to do this quickly without coding.
This is a very neat and easy trick you can do - thanks to TradingView :) - using the feature "Indicator-on-indicator"
Quick Steps: add RSI to your chart if its not already there, hover on the RSI indicator label, click the "..." ellipsis, choose the option to "Add Indicator/Strategy on RSI" - it will be the second command from the top on the shortcut menu, and choose your favorite moving average from the indicator library - adjust the MA settings to your preference - and you're done! No coding needed.
maybe, like me, you are experimenting with my recently-published RSS_WMA - aka the Lazy Line 😎 - will add a link below - you can add it to your RSI like i did in the example chart above.
The RSI with the new signal line looks a lot easier to use and trade on, right? The MA Line not only makes RSI more visually appealing, but also makes it easy to follow the RSI movements into OB/OS zones, or crossing the middle line. for "visual folks" like me, this is an improvement that makes a big difference in my trading.
* You can use this same trick with any other indicator / combo of indicators - that would make sense to combine with this approach - in your charts. Get creative.
* Indicator-on-Indicator is an awesome feature - just wanted to share a quick reminder of this trick, as i also forget about it most of the time.