Bogdan Ciocoiu - Coordinator
Description
The Coordinator is an indicator developed on the back of the RSI algorithm, modified substantially to form a cloud. In addition, the Coordinator uses EMA/SMA to compare the location of the RSI cloud with the chosen moving averages (EMA vs SMA).
This indicator is helpful as it confirms when a trader should enter a position or exit based on the proximity of the RSI cloud to the relevant MA.
Uniqueness
The Coordinator provides unique benefits, including:
Open-source
The Coordinator uses the following open-source scripts:
The Coordinator is an indicator developed on the back of the RSI algorithm, modified substantially to form a cloud. In addition, the Coordinator uses EMA/SMA to compare the location of the RSI cloud with the chosen moving averages (EMA vs SMA).
This indicator is helpful as it confirms when a trader should enter a position or exit based on the proximity of the RSI cloud to the relevant MA.
Uniqueness
The Coordinator provides unique benefits, including:
- It shows the strength of the RSI in the shape of the RSI cloud, using two sets of dimensions (one more long term and one more short-term oriented).
- It indicates the positioning of the RSI cloud in conjunction with the relevant moving averages to help traders remain in positions for longer.
- It shows the RSI 14 (useful when spotting divergences aligned with the price action).
Open-source
The Coordinator uses the following open-source scripts:
![RSI Cloud [DW]](https://s3.tradingview.com/t/tWQKRx68_big.png)
リリースノート:
This revision corrects a bug revealed by David, one of our members. The bug was related to the printing of circles/triangles.
リリースノート:
Removed the individual RSI as the interface became too congested.
リリースノート:
The default variables have been changed to support new joiners.