OPEN-SOURCE SCRIPT
RWA - DD
WMA RSI [Enhanced]
This is an enhanced version of TradingView's built-in RSI indicator, extended with two additional moving average lines applied directly on the RSI values — a fast EMA and a slow WMA, inspired by the "WMA RSI [Le Soleil]" script.
Features:
Standard RSI with overbought/oversold gradient fills (70/30)
Optional smoothing MA on RSI (SMA, EMA, RMA, WMA, VWMA, or SMA + Bollinger Bands)
EMA line on RSI (default 9) — for short-term momentum signals
WMA line on RSI (default 45) — for trend direction of RSI
Regular Bullish & Bearish Divergence detection (optional)
How to use:
When RSI EMA crosses above RSI WMA → bullish momentum building
When RSI EMA crosses below RSI WMA → bearish momentum building
Use divergence signals alongside the WMA trend for higher-confidence entries
This is an enhanced version of TradingView's built-in RSI indicator, extended with two additional moving average lines applied directly on the RSI values — a fast EMA and a slow WMA, inspired by the "WMA RSI [Le Soleil]" script.
Features:
Standard RSI with overbought/oversold gradient fills (70/30)
Optional smoothing MA on RSI (SMA, EMA, RMA, WMA, VWMA, or SMA + Bollinger Bands)
EMA line on RSI (default 9) — for short-term momentum signals
WMA line on RSI (default 45) — for trend direction of RSI
Regular Bullish & Bearish Divergence detection (optional)
How to use:
When RSI EMA crosses above RSI WMA → bullish momentum building
When RSI EMA crosses below RSI WMA → bearish momentum building
Use divergence signals alongside the WMA trend for higher-confidence entries
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.