This Pine Script calculates the Kairi Relative Index (KRI) and plots buy/sell signals on the chart.
The script calculates the KRI as follows:
KRI = 100 * (Source - SMA) / SMA
where:
Sourceis the price source (e.g., close price).SMAis the Simple Moving Average of the source price.
Buy signals are plotted when the KRI crosses above zero 🟢, and sell signals are plotted when the KRI crosses below zero 🔴.
- Add the script to your TradingView chart.
- Adjust the
Lengthinput to control the period of the Simple Moving Average. - Adjust the
Sourceinput to select the price source.
Need a Custom Script Developed? Contact Me = [email protected] or https://byeol.tech/#contact
MIT License
Copyright (c) 2024 byeol.tech
Permission is hereby granted, free of charge, to any person obtaining a copy of this software and associated documentation files (the "Software"), to deal in the Software without restriction, including without limitation the rights to use, copy, modify, merge, publish, distribute, sublicense, and/or sell copies of the Software, and to permit persons to whom the Software is furnished to do so, subject to the following conditions:
The above copyright notice and this permission notice shall be included in all copies or substantial portions of the Software.
THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE.
This Pine Script is for informational and educational purposes only. It is not financial advice and should not be considered as such. Trading involves risk, and you could lose money. Consult with a qualified financial advisor before making any investment decisions. The author is not responsible for any losses incurred as a result of using this script.