Disparity index with dynamic overbought and oversold areas

v10.3
Disparity index with dynamic overbought and oversold areas

The Disparity Index is a well known indicator used to assess overbought and oversold areas. In this code I added some bands to represent the overbought/oversold areas.

Since the Disparity Index is closely related to RSI by using a EMA130 you would have, on a daily timeframe, also a quite accurate weekly RSI at hand.

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supertiti https://zupimages.net/viewer.php?id=20/50/2e3v.jpg
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