OPEN-SOURCE SCRIPT
Normalize RSI | TR
📊 Normalize RSI | TR – Smart RSI Oscillator with Adaptive Normalization & Trend Signals
This indicator transforms the classic RSI into a dynamic, normalized oscillator that adapts to market conditions. It applies a multi-stage smoothing and normalization process to filter out noise, highlight true momentum shifts, and generate clear trend signals.
🔧 Key Features:
RSI Normalization – Centers RSI around 50 and normalizes it over a user-defined lookback period, creating a clean, bounded oscillator.
Dual Smoothing – Applies an exponential smoothing factor twice, allowing you to control responsiveness and reduce false signals.
Trend Detection – Automatically identifies bullish and bearish trends based on crossing customizable overbought/oversold levels.
Dynamic Color Palette – Choose from 9 color themes (Classic, Modern, Heat, Robust, Accented, Monochrome, Moderate, Aqua, Cosmic) to match your chart aesthetic.
Visual Signals – Displays colored candlesticks, background zones, entry shapes (triangles), and a real-time table with the current trend direction.
Momentum-Based Fill Transparency – The fill area between the zero line and the oscillator adapts to momentum strength, giving you visual cues on volatility.
Multi-Plot Display – Plots the normalized RSI, zero line, overbought/oversold levels, and includes a floating label with the latest value.
⚙️ Customizable Inputs:
RSI Length & Smoothing MA Type (EMA, SMA, RMA, WMA, VWMA, HMA, DEMA, TEMA, TRIMA, FRAMA, SWMA)
Normalization Length & Smoothing Factor
Clipping Factor to preserve extreme moves
Overbought / Oversold Levels (adjustable from -50 to +50)
🚨 Alerts Built-In:
Bullish / Bearish crossover of zero
Entry into Overbought / Oversold zones
📈 Ideal For:
Swing traders and scalpers looking for a refined RSI-based edge
Traders who prefer visual clarity and customizable color schemes
Those who want to combine momentum, trend, and volatility into one indicator
This indicator transforms the classic RSI into a dynamic, normalized oscillator that adapts to market conditions. It applies a multi-stage smoothing and normalization process to filter out noise, highlight true momentum shifts, and generate clear trend signals.
🔧 Key Features:
RSI Normalization – Centers RSI around 50 and normalizes it over a user-defined lookback period, creating a clean, bounded oscillator.
Dual Smoothing – Applies an exponential smoothing factor twice, allowing you to control responsiveness and reduce false signals.
Trend Detection – Automatically identifies bullish and bearish trends based on crossing customizable overbought/oversold levels.
Dynamic Color Palette – Choose from 9 color themes (Classic, Modern, Heat, Robust, Accented, Monochrome, Moderate, Aqua, Cosmic) to match your chart aesthetic.
Visual Signals – Displays colored candlesticks, background zones, entry shapes (triangles), and a real-time table with the current trend direction.
Momentum-Based Fill Transparency – The fill area between the zero line and the oscillator adapts to momentum strength, giving you visual cues on volatility.
Multi-Plot Display – Plots the normalized RSI, zero line, overbought/oversold levels, and includes a floating label with the latest value.
⚙️ Customizable Inputs:
RSI Length & Smoothing MA Type (EMA, SMA, RMA, WMA, VWMA, HMA, DEMA, TEMA, TRIMA, FRAMA, SWMA)
Normalization Length & Smoothing Factor
Clipping Factor to preserve extreme moves
Overbought / Oversold Levels (adjustable from -50 to +50)
🚨 Alerts Built-In:
Bullish / Bearish crossover of zero
Entry into Overbought / Oversold zones
📈 Ideal For:
Swing traders and scalpers looking for a refined RSI-based edge
Traders who prefer visual clarity and customizable color schemes
Those who want to combine momentum, trend, and volatility into one indicator
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.