Percent Rank

The Percent Rank is naturally quite choppy. I therefor placed an EMA (3) over it and make the origin Percent Rank only slightly visible. I also add some boundaries.

Note that the EMA of the Percent Rank looks quite similiar to the Connors RSI .

Use it as the RSI .


In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.