Technical analysis by vhdalian about Symbol LOOM on 5/10/2025

//version=5indicator(title="new Relative Strength Index", shorttitle="NEW RSI", format=format.price, precision=2, timeframe="", timeframe_gaps=true)//////FGHtrading//////ma(source, length, type) => switch type "SMA" => ta.sma(source, length) "Bollinger Bands" => ta.sma(source, length) "EMA" => ta.ema(source, length) "SMMA (RMA)" => ta.rma(source, length) "WMA" => ta.wma(source, length) "VWMA" => ta.vwma(source, length)rsiLengthInput = input.int(14, minval=1, title="RSI Length", group="RSI Settings")rsiSourceInput = input.source(close, "Source", group="RSI Settings")maTypeInput = input.string("SMA", title="MA Type", options=["SMA", "Bollinger Bands", "EMA", "SMMA (RMA)", "WMA", "VWMA"], group="MA Settings")maLengthInput = input.int(14, title="MA Length", group="MA Settings")bbMultInput = input.float(2.0, minval=0.001, maxval=50, title="BB StdDev", group="MA Settings")up = ta.rma(math.max(ta.change(rsiSourceInput), 0), rsiLengthInput)down = ta.rma(-math.min(ta.change(rsiSourceInput), 0), rsiLengthInput)rsi = down == 0 ? 100 : up == 0 ? 0 : 100 - (100 / (1 + up / down)) rsiMA = ma(rsi, maLengthInput, maTypeInput)isBB = maTypeInput == "Bollinger Bands"plot(rsi, "RSI", color=#7E57C2,display=display.none)plot(rsiMA, "RSI-based MA", color=color.yellow,display=display.none)rsiUpperBand = hline(70, "RSI Upper Band", color=#787B86)hline(50, "RSI Middle Band", color=color.new(#787B86, 50))rsiLowerBand = hline(30, "RSI Lower Band", color=#787B86)fill(rsiUpperBand, rsiLowerBand, color=color.rgb(126, 87, 194, 90), title="RSI Background Fill")bbUpperBand = plot(isBB ? rsiMA + ta.stdev(rsi, maLengthInput) * bbMultInput : na, title = "Upper Bollinger Band", color=color.green)bbLowerBand = plot(isBB ? rsiMA - ta.stdev(rsi, maLengthInput) * bbMultInput : na, title = "Lower Bollinger Band", color=color.green)x=input(defval = 36)rsinew=ta.linreg(rsi,x,0)rsiMAnew=ta.linreg(rsiMA,x,0)plot(rsinew, "NEW RSI", color=#7E57C2)plot(rsiMAnew, "NEW RSI-based MA", color=color.yellow)