RSI Ranked

thanks to Critical Trading on Youtube I created this indicator
the indi simply looks at the past n bars (barsBack parameter) and determine the hi and low of these bars.
then It scales up the actual value of the RSI based upon these values
meaning if the rsi price is 80 but all past values are between 100 and 80, it will show an oversold value of 0

this is calculating the rsi based on past values rather than absolute values.

i'm not sure it is usefull in any way. just something different. Let me know if I just programmed the Holy Grail ahah

it has the merit to scale the RSI correctly even at high RSI periods (as you can see on the screenshot)

Jeff

PS: For the Ranked CCI, please see here: Ranked CCI indicator for MT4.