RSI Convergence Divergence

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RSI based oscillator inspired by the MACD.

Indicator that consists of two RSI calibrated at different lengths to take advantage of their convergence, divergence, overall direction, overall strength and several other metrics to extract signals from the price action.

This indicator includes:

- Fast RSI
- Slow RSI
- Signal line to identify convergence/divergence
- Simple moving average applied to the average of the two RSI
- DEMA applied to the average of the two RSI
- An average moving average of the SMA and DEMA

Some of the applications of this indicator:

- Simple convergence/divergence signaled by the moving average going above or below zero.
- Crossover between SMA and DEMA
- Combination of convergence/divergence and one of the 3 MAs reaching overbought or oversold threshold
- Average moving average going above or below 50

The combinations of different conditions are countless and limited only by the imagination of the user.

The visualization inputs, besides allowing to choose the candle coloring, give the user the ability to keep the chart clean and only see the signals he is interested into.

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เอกสารเผยแพร่

Added custom thresholds to clean the signals for high volatile assets.