Heikin Ashi Relative Strength Indicator – HARSI

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The **Heikin Ashi RSI Oscillator (HARSI)** combines two powerful indicators: **Heikin Ashi** candles and the **Relative Strength Index (RSI)**. It aims to smooth price data and highlight trends, while identifying overbought and oversold conditions.

Key Features:
1. **Heikin Ashi Candles**: These candles smooth out price fluctuations, making trends easier to spot and filtering out noise from small price movements.
2. **RSI Calculation**: The RSI detects momentum and potential reversals by identifying overbought (when the asset is overvalued) or oversold (when the asset is undervalued) levels.
3. **Stochastic RSI Option**: The HARSI includes a stochastic version of the RSI, which provides further confirmation for potential trend reversals.
4. **Oscillator Visualization**: The indicator plots values on a scale, showing key levels like +20 and -20 to indicate strong overbought or oversold regions.

The HARSI indicator is helpful for traders looking to confirm trends, time entries, and exits, and spot potential reversals with more precision than traditional RSI.

This indicator was originally created by JayRogers in TradingView

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