Get started

Overbought

Multiband Oscillator - Zigzag versionJust variation of Multi Band oscillator present here: Multi-Band-Channel-Oversold-Overbought-Oscillator Changes are: Instead of regular moving average, here I am using Zigzag Moving average. This is calculated in similar to as explained in: Zigzag-Cloud Instead of ATR, using AZR (Average Zigzag Range) - Average-Zigzag-Range-AZR Rest of the logic remains same. Number of bands used 100 - which means, calculate 100 Bollinger bands with Std Dev Multiplier starting from 0.1 and with step 0.1 for the next one. Which divides price ranges into 200 equal parts. Calculate what is the current range and plot them. Overbought - Oversold levels are dynamics. They are dependent on the max and min state price has reached in last 80 days. Offset and factor can be used to adjust overbought oversold levels.
Pine Script® indicator
by Trendoscope
6
Ehlers Adaptive Stochastic Indicator V1 [CC]The Adaptive Stochastic Indicator V1 was created by John Ehlers (Rocket Science For Traders pgs 233-234) and this indicator uses the same calculations to find a cycle period that is then used for both the creation of the stochastic indicator but also for the smoothing to create a double smoothed stochastic indicator. Because it is calculated this way, this indicator is more reactive than almost any other stochastic indicator and provides clear buy and sell signals especially when the underlying stock is trending. It is interpreted in the same way as a normal stochastic indicator so great buy signals are when the indicator is below the oversold line and starts to move up and vice versa. Buy when the line turns green and sell when it turns red. Let me know if there are any other indicators you would like to see me publish!
Pine Script® indicator
by cheatcountry
4
Relative Strength Index 2x maThe relative strength index, represented as two moving averages with periods, one of which will be a multiple of the longer moving average by the amount you set. The indicator can work both in automatic and manual mode. In automatic mode, the optimal periods are selected, in my opinion, depending on which timeframe is being analyzed at the current moment. In manual mode, you can set the required period yourself. You can also set the method of smoothing the moving averages yourself and apply them to the opening or closing, the minimum of the bar, etc. An important point: it is possible to enable/disable graphical functions that may not be required - just check the box next to the function that you want to see on your indicator. Show ConDiv? - enabling / disabling the convergence/divergence function of the moving averages of the RSI indicator (not to be confused with the MACD for the asset price chart) Show ma? - enabling/disabling the graphical display of the moving averages of the RSI indicator Show RSI? - enabling / disabling the standard RSI indicator (if you want to see only it, check the box opposite; in this case, you need to remove the other two checkboxes) I wish you good luck in building your trading plans, and remember: such indicators do not predict the future price movement on the chart, they only determine the characteristics of the price movement at the current time, taking into account historical data.
Pine Script® indicator
by Best_Solve
3
EMA Price DistanceEMA Price Distance, EMAPD for short, is a trend following indicator that can help you predict how price is going to move, in respect to your EMA. It can give overbought and oversold signals, as well as ranging market and retracement signals. The indicator consists of three parts, the Difference Line, the Average Line, and the Histograms. - The blue line is the Difference Line. It is calculated from difference between the close price and the EMA. An increasing Difference Line indicates price moving further away from the EMA. - The purple line is the Average Line. It is calculated based on the average of the difference Line for a certain lookback period. - The Histograms are the difference between the Difference Line and the Average Line Some basic signals: - The easiest signal to spot is when the Difference Line is further away from the Average Line than normal. This usually signifies a retracement in the near future. - Another signal is when the histograms are making smaller peaks or troughs, approaching 0. Signifies that price is retracing towards EMA. This can also be seen when the Difference Line is below the Average Line How to Use: The first use case is to detect when the market is ranging. This can be seen when both lines near 0 like so: Another use case, is to use the indicator to signify how strong the current trend is / how likely it is to continue. This is signified by the Difference Line and Average line making higher highs We can see that as the trend continues, both lines increase in harmony. EMAPD can also be used to give easy to see signs of retracement or reversal. Here we can see that the Difference line made a lower high as well as crossed below the Average Line. Whether this is a retracement or reversal usually depends on how the long the trend has occurred. The longer, the more likely of a trend reversal One of the best use cases is to keep you out of bad trades. This usually happens right before a trend starts, when the market is choppier. This is when you usually get a lot of fake outs and false signals. Here are 2 examples of where someone trading Supply and Demand would've been kept out of a losing trade. In the first purple oval, a supply zone is formed. As price re enters the zone, it would be tempting to go long but the EMAPD is creating lower lowers on the histograms, signifying that price is moving closer to its average instead of expanding. We also get the Difference Line to cross under the average line, signifying price is moving closer to the EMA than it has been recently. These signals tell us that price has a good chance to "re group" with the EMA, which it ends up doing. This also kept us out of the second trade, signified by the second purple oval. Here, we can see the difference line creating lower lows, signaling that price is moving closer to the EMA.
Pine Script® indicator
by TylerWanta
2
TradeChartist Catalyst™TradeChartist Catalyst is an elegant script that combines Catalyst Trade Bands and automatic ZigZag/Fibonacci plots using an original logic to help users interact in a visually engaging and meaningful way with the charts. =================================================================================================================== ™TradeChartist Catalyst features ============================= 1. Catalyst Trade Bands Catalyst Trade Bands comprises Equilibrium or Mean Bands, Inner Bands, Outer Bands and a Overall Mean Line. Catalyst Trade Bands help visualize the price action in relation to the Equilibrium Bands and clearly show how far away from the mean the current price is. The Trade Bands are of two types - Normal and Weighted. Weighted Bands are very sensitive to price action and a higher Bands length is recommended. Simple 144 vs Weighted 144 Trade Bands 2. Equilibrium Touch Points Every time the price touches the Equilibrium, an orange touch point appears on the chart. Normally, the Equilibrium line, for an optimal sample, acts as support or resistance. Price breaching or failing this line usually signals a Pull Back, a Throw Back or a Trend Change based on how the price interacts with it. This can be used with a secondary confirmation like RSI, Stochastic etc. For example, if the price falls back significantly only to touch the Equilibrium Line and fails to test the Overall Mean Line when Stochastic is below 30, this could mean a strong Pull Back rather than a Trend Change as shown in the example chart below. When price fails the Equilibrium Bands, the fill colour of the Equilibrium bands changes to Bearish colour. If the Overall Mean line is below the Equilibrium bands and is in a reasonable distance, Mean will act as support as shown in the example below. Price failing the mean will test Inner Bands and strong bear momentum could take price to Outer Bands and beyond. All the components of the Catalyst Trade Bands including the Touch Points can be enabled or disabled from the settings. 3. ZigZag & Fibonacci Catalyst automatically plots ZigZag and Auto Fibonacci Retracement based on an intelligent logic and can be tweaked by changing the Zigzag & Auto-Fibs Factor from the settings. It also plots Fib ratios and connectors along with price highs and lows of ZigZag. The ratios can be especially useful to visually detect harmonic patterns and also serves as a useful feature for Fibonacci traders. 4. Fibonacci Customisation Catalyst users can customise Fibonacci type and levels, including levels colour from Catalyst settings. In addition to Auto-Fibs, users can also plot Fibonacci levels based on Days or Candles lookback. This is a very useful feature if the user wants to override Auto-Fibs to suit his/her needs. Users can also reverse the Fibonacci Levels by enabling Reverse from settings. In the following example chart of OANDA:USDCAD , Fibonacci levels based on 10 days lookback is plotted. =================================================================================================================== Best Practice: Test with different settings first using Paper Trades before trading with real money ===================================================================================================================
Pine Script® indicator
by TradeChartist
43
Folded Relative Strength Index [CC]The Folded Relative Strength Index was created by Richard Poster (Stocks and Commodities July 2021 pg 21) and this indicator provides both trend strength but also momentum and of course reversal points using the overbought and oversold markers. If the indicator line is above the mid line then this shows upward momentum and when it falls below the midline then this means it is losing momentum. When the indicator rises above the signal line then this shows upward trend strength and vice versa. Buy when the indicator line turns green and sell when it turns red. Let me know if there are any other indicators you would like to see me publish!
Pine Script® indicator
by cheatcountry
Market phases 2.0The Market Phase 2.0 indicator is designed to display the following features: 1) The TREND OSCILLATOR : This trend oscillator indicates the trend of the stock/instrument. It is calculated on the basis of number of positive candles or negative candles formed during a specific period. The oscillator oscillates around the zero horizontal line. The trend is considered bullish if the oscillator value is positive and the trend is considered negative if the oscillator value is negative. 2) The MOMENTUM OSCILLATOR: The momentum oscillator indicates the short term momentum of the stock/instrument. It is calculated on the rate of change of close price for a specific period in the past. The Momentum oscillator oscillates around the zero horizontal line. If the momentum oscillator has a positive value, the momentum is considered to be on the bullish side and similarly if the momentum oscillator has a negative value, the momentum is considered to be on the bearish side. 3) The SIGNAL LINE: The signal line is represented by the yellow color line. The Signal line combines the value of the Trend oscillator and the Momentum oscillator. The signal also moves around the zero line. There are two dotted lines above and below the zero line. When the signal line crosses the upper dotted line, it indicates that the stock/instrument has moved on the upper side too quickly or sharply and the ongoing move may not continue for long. It may also be considered as overbought at that point. A red triangle appears at that point. Similarly, when the signal line crosses the lower dotted line, it indicates that the stock/instrument has moved on the downside too quickly or sharply and the ongoing down move may not continue for long. It may also be considered as oversold at that point. A green triangle appears at that point. The values for the look back period of the signal line and the values for the upper range and lower range of the indicator can be changed by going to the settings of the indicator. ***Disclaimer: The market movement depends upon a lot of factors which are beyond the scope of this indicator. Hence the indicator may display results not intended on rare occasions. Trading in the markets involves involves huge risks and one should always follow his/her own research before taking any trading decisions.
Pine Script® indicator
by skynet970
2
SuperTrend Oscillator [LuxAlgo]This oscillator is made of three components, all derived from the SuperTrend indicator. This approach allows the user to easily determine overbought/sold zones, identify whether a retracement is present or if the price is ranging or trending. It also allows for the anticipation of the potential price cross with the SuperTrend. We provide additional information including whether a signal returned by the SuperTrend was false, as well as the percentage of false signals. Settings Length: Period of the "average true range" used in the calculation of the SuperTrend Mult: Multiplicative factor for the "average true range" Smooth: Determines the degree of smoothing of the histogram Misc: Fixed Transparency: Use a fixed transparency for the main oscillator Show Lines: Show the lines displayed by the indicator Show Labels: Show the labels displayed by the indicator Usage The indicator is in a range of (-100,100) with values closer to 100/-100 indicating a stronger trend. The main oscillator value above 0 indicates that the price is above the SuperTrend. It is possible to identify when a retracement is present in a trend. This is often indicated by an oscillator value moving within 50/-50. Each overbought/oversold level can be used to determine potential exit points. The indicator also includes two additional oscillators derived from the main oscillator. A smoothed version of the main oscillator (Signal), and a smoothed version of the difference between the Main and Signal oscillators (Histogram), thus making the oscillator part of the indicator more similar to MACD. One can use the histogram to anticipate when the price might cross the SuperTrend by comparing the sign between the main and histogram. Potential false signals can also be filtered with this method. Certain crosses between the price and SuperTrend can be filtered out when the histogram and main oscillator have a different sign (here main = 1, histogram = -1). We include various indications in order to analyze the signals returned by the SuperTrend. The indicator displays symbols indicating whether a signal was false or not. A cross symbol will be displayed at the top of the displayed lines when the previous Buy signal was false, else a checkmark is displayed. Symbols displayed at the bottom of the lines are referring to sell signals. We also provide a percentage of false signals, calculated over the entire chart history. Details The scaling method used is similar to max-min normalization. We first compute the difference between the price and SuperTrend and divide the result by the difference between the upper and lower extremity used to compute the SuperTrend. Values higher than (1,-1) can occur when price crosses the SuperTrend and as such we use the max and min functions to attenuate these. The filter used to compute the signal line is based on exponential averaging and is fully adaptive. The smoothing factor used for its computation is the squared value of the main oscillator, divided by length . Since higher values of the oscillator are associated with trending markets, the filter will be closer to the main oscillator when the market is ranging.
Pine Script® indicator
by LuxAlgo
48
(JS) Interchanging ATR & VWAP BandsOkay so this is pretty simple, but I think it's a great tool for day trading especially. I just took the default VWAP and Keltner channel scripts and combined them together. The top option allows you to choose which one you'd prefer to use, "Use ATR instead of VWAP" . The next options, "ATR Source", "KC Length", and "ATR Length" are the parameters for the ATR Bands. "Number of Bands" allows you to choose how many bands you'd like to be on display (you can choose 1-8). "Use Expoential MA" and "Band Style" are more default parameters from Keltner Channels used to set up the ATR Bands. The "ATR Bands" are just stacked Keltner Channels separated by 1 ATR each, whereas the "VWAP Bands" are separated by standard deviation just like the default script from Trading View. In these example chart, you can see the weekly VWAP with 8 deviation bands and 5 ATR bands with Keltner Channels.
Pine Script® indicator
by J-Streak
2
Overbought/Oversold BandsThe basis of this script is my "Hybrid Overbought/Oversold Detector" which uses many different oscillators to confirm overbought/oversold conditions. The main idea is to generate higher and lower bands around the desired moving average using an average of the volatility (ATR) and the standard deviation (StDev), of course by interfering detected overbought/oversold condition. Simply put, the more the asset become overvalued/undervalued, the tighter the channel would be and every breakout of the bands announces a return back into the channel in near future. By default, the multiplier of the standard deviation in the indicator settings is set to 2 which means only less than 5% of price actions would appear outside the bands. Also the default multiplier of the ATR is set to 3 which leads to some similar result, but to achieve more strict results setting StDev multiplier to 3 and ATR multiplier to 4 would be useful. The type of the central moving average could be picked up from 6 different types which are: - SMA (Simple Moving Average) - EMA (Exponential Moving Average) - HMA (Hull Moving Average) - LSMA (Least Squares Moving Average) - TMA (Triangular Moving Average) - MAEMA (My Personalized Momentum Adjusted EMA) The latter one leads to a useful combination of the channel with the momentum. Also the script has multi-timeframe features and the user could apply calculations from other time frames to the current chart. Hope the idea would be helpful!
Pine Script® indicator
by informanerd
2
UTG - RSIWe've taken the RSI moving oscillator, given it the classic UTG flair & made it more useful. We're always talking about how there are a few key levels on the RSI indicator that give us the indication of whether we are bullish or bearish. - We've added those key levels into the RSI indicator. - Added the 50 level as our key swing into the bearish or bullish territory. - The RSI often uses the 50 level, to maintain a level of support or resistance and usually maintains this throughout its market cycle. - Using the green and the red areas, this tool allows you to swiftly identify which market cycle the chart you're looking at is in. - We'll be adding more functionality as times goes on! Enjoy, it's free!
Pine Script® indicator
by Unity-Trading-Group
5
Multi-Function RSI(MTF, divergence, signal and alert)Japanese below / 日本語説明は下記 Overview Multi-function RSI indicator with functions below. 1.MTF with display timeframe control 2.Auto divergence drawing incl. hidden divergence 3.Signal when RSI crosses over upper band/crosses under lower band 4.Color background when MTF RSI crosses over/under lower band 5.Alert when RSI crosses over upper band/crosses under lower bands Please see the details below. Functions: 1.MTF with display timeframe control You can display daily, 4hour or 1 hour RSI or all of them as upper timeframe MTF RSI. How is it different from other MTF indicators? Problems with other MTF RSI indicators are; -If you set higher timeframe RSI, it will also be shown on further higher timeframes. i.e. If you set 4hour chart’s RSI on 1 hour or lower time frame charts, it will also appear on daily and weekly chart, which is not necessary. To tackle these problems, this indicator has incorporated functions below. -To show MTF RSI on timeframe lower than the upper timeframe you set as MTF timeframe. For example, if you select daily timeframe for MTF RSI , the RSI will be shown only on 4 hour or lower timeframes(1H, 30M, 15M, 5M, 1M). Left: 4hour chart, Middle: Daily chart, Right: Weekly chart If you look at 4hour chart, daily chart’s RSI is shown(pale blue and orange) but weekly chart does not show daily chart’s RSI. 2.Auto divergence drawing incl. hidden divergence Regular divergence line and hidden divergence line will be automatically drawn for current timeframe RSI as per the logic below. Bearish : When two consecutive pivot highs go up but RSI values corresponding to each high go down. Bullish: When two consecutive pivot lows go down but RSI values corresponding to each low go up. Pivot highs(lows) are identified when those are preceded by n lower highs(lows) and proceeded by n lower highs(lows). * n is parameterized. See the diagram below. Bearish : When two consecutive pivot highs go down but RSI values corresponding to each highs go up. Bullish : When two consecutive pivot lows go up but RSI values corresponding to each low go down. 3.Signal when RSI crossing upper/lower bands Signal will be shown when; -RSI(current timeframe) crosses over upper band -RSI(current timeframe) crosses under lower band Example: Purple triangle is signals. 4.Color background when MTF RSI crosses over/under lower band Background color can be applied when MTF RSI crosses over upper band/under lower band. Example: Pale purple is daily RSI on 4 hour chart. Background color applied while daily RSI is outside upper/lower bands. 5.Alert when RSI crosses over upper band/under lower band Alert can be set when; -RSI crosses over upper band -RSI crosses under lower band How to use this indicator? This indicator is paid indicator and invited-only indicator. Please contact me via private chat or follow links in my signature so that I can grant the access right to the indicator. Comment section is only for comments on the indicator or updates. Please refrain from contacting me using comments to follow TradingView house rules. ——————————————————————————————————————— 多機能RSIインジケーターです。以下の機能が搭載されています。 1.マルチタイムフレーム機能(表示時間足制御機能付き) 2.ダイバージェンス自動描画機能(ヒドゥンダイバージェンス対応) 3.RSIがアッパーバンド、ロワーバンドとクロスした時にシグナル表示 4.上位足RSI(MTF RSI)がアッパーバンドより上にある時、ロワーバンドより下にある時に背景をハイライト 5.RSIがアッパーバンド、ロワーバンドとクロスした時にアラート設定 機能詳細は以下の通りです。 機能詳細 1.マルチタイムフレーム機能(表示時間足制御機能付き) 日足、4時間足、1時間足のいずれか、もしくは全てをRSIをマルチタイムフレームRSIとして表示することができます。(不要な場合は非表示可能) 他のマルチタイムフレームRSIとの違い 他のマルチタイムフレームRSIのインジケーターでは、以下の問題に直面します。 ・上位足のRSIを表示すると、さらに上位足でもそのRSIが表示され見にくくなる。 例: 4時間足のRSIを下位足で表示可能な様に設定すると、日足や週足でも表示され、チャートが見にくくなる。 この問題に対して、このインジケーターでは、 ・上位足のRSIを表示する時間軸を制御することで上位足で不必要な情報を表示させない。 という機能を加えることでこの問題を解決しています。 具体的には、マルチタイムフレーム用に選択した上位足のタイムフレームより小さいタイムフレームでのみ上位足のRSIが表示されるようになっています。 例えば、上位足として日足を選択した場合、日足のRSIは4時間足、1時間足、30分足、15分足、5分足、1分足にのみ表示されます。 <サンプルチャート> 左から4時間足、日足、週足です。 4時間足では日足のRSI(薄いパープルのライン)が表示されていますが、週足には表示されません。これはオシレーターが表示される時間軸を裏側のロジックで制御しているためです。 2.ダイバージェンス自動描画機能(ヒドゥンダイバージェンス対応) 以下のロジックに基づきダイバージェンスを自動描画します。(不要な場合は非表示可能) <通常のダイバージェンス> 下降示唆:2つの連続する高値(*)が切り上げられているが、 それぞれの高値に対応するRSIの値は切り下げている場合 上昇示唆:2つの連続する安値(*)が切り下がっているが、 それぞれの安値に対応するRSIの値は切り上がっている場合 *高値(安値)は、左右n本(**)ずつのローソク足の高値(安値)より高い(低い)高値(安値)をピボットハイ・ローとして算出しています。 ** nはユーザ設定値です。 <例: ダイバージェンス> 高値PH1はPH1のローソクの高値より左側にn個のより低い高値、右側にn個のより低い高値があった場合に高値として認識されます。 上記の例では高値がPH2>PH1と切り上がっていますが、対応するRSIの値はvalue2 下降継続示唆:2つの連続する高値(*)が切り下がっているが、 それぞれの高値に対応するRSIの値は切り上がっている場合 上昇継続示唆:2つの連続する安値(*)が切り上がっているが、 それぞれの安値に対応するRSIの値は切り下がっている場合 言うまでもないことですが、ダイバージェンスが出たから逆張り、などの安易な発想は避けるべきです。 環境認識の一つの要素として見るべき指標でしょう。 3.RSIがアッパーバンドを上抜いた時、ロワーバンドを下抜いた時にシグナル表示 アッパーバンド(初期値70)とロワーバンド(初期値30)の数値は変更可能です。 サンプルチャート: 4.上位足RSI(MTF RSI)がアッパーバンドより上にある時、ロワーバンドより下にある時に背景をハイライト サンプルチャート: 日足のRSI(薄いパープルのライン)がアッパーラインより上にある時に背景がグレーがかっています。 このように上位足のRSIの状況を視覚的に認識したい時に役立つでしょう。 日足RSIラインは非表示にすることができますので、背景色だけ表示しておいて、背景に色が付き、かつダイバージェンスも出たら反転を警戒といった状況判断が可能です。 5.RSIがアッパーバンド、ロワーバンドとクロスした時にアラート設定 アラートを設定したいタイムフレームを開いた状態で、アラート設定の画面を開き以下の条件を選択することができます。 ・RSIがアッパーバンドを上抜いた時 ・RSIがロワーバンドを下抜いた時 インジケーターの使用について 当インジケーターは招待制インジケーター(有料)となっています。 使用を希望される方はプライベートチャットや下記リンクのDMでご連絡ください。 このページのコメント欄はインジケーターそのものに対するコメントやアップデートの記載のためのものとなっております。Tradingviewのハウスルールを守るためにもコメント欄からの連絡はご遠慮ください。
Pine Script® indicator
by FX365_Thailand
2
CCI Overbought & OversoldThe Commodity Channel Index​ (CCI) is a momentum-based oscillator used to help determine when an investment vehicle is reaching a condition of being overbought or oversold Developed by Donald Lambert, this technical indicator assesses price trend direction and strength, allowing traders to determine if they want to enter or exit a trade, refrain from taking a trade, or add to an existing position. In this way, the indicator can be used to provide trade signals when it acts in a certain way. KEY TAKEAWAYS The Commodity Channel Index (CCI) is a technical indicator that measures the difference between the current price and the historical average price. When the CCI is above zero, it indicates the price is above the historic average. Conversely, when the CCI is below zero, the price is below the historic average. The CCI is an unbounded oscillator, meaning it can go higher or lower indefinitely. For this reason, overbought and oversold levels are typically determined for each individual asset by looking at historical extreme CCI levels where the price reversed from This script calculates Commodity Channel Index (CCI) value and fills background of price action chart with colors: Green zone indicates oversold zone where you can enter position Red zone indicates overbought zone where a positions should be closed
Pine Script® indicator
by Skyrexio
2
RSI PRECISIONRSI PRECISION By Giorgos Protonotarios, Financial Analyst (March 2021) -------- ■ SHORT DESCRIPTION RSI PRECISION is an oscillator designed to enhance RSI with price volatility and make it much more accurate on longer time frames. The oscillator aims to identify overbought/oversold market levels, and it is ideal for analyzing volatile markets such as the cryptocurrency market. RSI PRECISION is extensively tested and optimized to work properly with any financial-traded asset. However, there is the option to customize settings, in order to match any out-of-the-ordinary market conditions. ■ RSI PRECISION MISSION To enhance RSI and make it more accurate on longer time frames, and especially during market tops/bottoms. ■ RSI PRECISION OBJECTIVES The RSI PRECISION formula combines RSI readings with the periodic measurement of market volatility. The main objectives are: (1) identify overbought/oversold market levels in a simple and user-friendly manner (2) make precise calculations near market tops and bottoms, where price volatility is always booming (3) make precise calculations on longer time frames (monthly, weekly) where RSI readings are hardly readable (4) allowing traders to experiment by offering a plethora of different settings ■ RSI PRECISION CALCULATIONS The RSI PRECISION consists of 3 components: (a) Relative Strength Index readings (b) Price Volatility measurement (on a periodic base and according to the selected time frame) (c) RSI Volatility measurement (optional) ■ BASIC SETTINGS There are plenty of parameters. Negative values are allowed in order to enhance user experimentation: --RSI PERIODS: The RSI is most typically used on a 14-period timeframe. However, you can perfectly use RSI PRECISION on a 21-period timeframe. By default, it is 14. --RSI FACTOR (%) You can adjust the weight of RSI readings in the formula. By default, it is 100%. --PERIODIC PRICE VOLATILITY (%) You can adjust the weight of Periodic Price Volatility in the formula. If you enter the value=0, then the formula becomes the classic RSI. By default, it is 100%. --ADD PERIODIC RSI VOLATILITY (%) This is an extra measurement of volatility. This time the focus is exclusively on periodic RSI volatility, not on price volatility. By default, it is 0%. --CROSSOVER/CROSSUNDER LEVELS You can create visual signals on any significant RSI PRECISION crossover/crossunder. --BASE LEVEL The base level is the level of RSI PRECISION equilibrium. Below the level of equilibrium, RSI PRECISION readings are colored in red. By default, it is 50. Happy trading! □ Giorgos Protonotarios (March 2021)
Pine Script® indicator
by Protonotarios
3
RSI Colour OverlayApplies Blue or Pink colour overlay to candles when RSI is at or over the predefined parameters. These parameters are adjustable in the settings area of the indicator. Please note RSI does not guaranteed a pivot point in price action and the colour overlay should only be used as an indication or condition not a call to buy or sell alone. The colour overlay is a useful prompt to review price action. I hope this helps and good luck with your analysis and trading.
Pine Script® indicator
by ae2326
7
RSI Support & Resistance by DGTRSI Sᴜᴘᴘᴏʀᴛ & Rᴇꜱɪꜱᴛᴀɴᴄᴇ ʙʏ DGT This experimental study attempts to translate Relative Strength Index (RSI) threshold levels of oversold/overbought and bull/bear zones as probable Price Support and Resistance levels █  OPTIONS Support & Resistance Levels , the main aim of the study. Level calculations are based on Relative Strength Index (RSI) threshold levels of oversold/overbought and bull/bear zones, where all threshold values are customizable through the user dialog box. Background of the levels can be colored optionally RSI Weighted Colored Bars and/or Mark Overbought/Oversold Bars , Bar colors can be painted to better emphasis RSI values. Darker colors when the oscillator is in oversold/overbought zones, light colors when oscillator readings are below/above the bull/bear zone respectively, and remain unchanged otherwise. Besides the colors, with “Display RSI Overbought/Oversold Price Bars” option little triangle shapes can be plotted on top or bottom of the bars when RSI is in oversold/overbought zones Example usage of the study with explanations █  OTHERS More regarding Support & Resistance concept (definition, identifying levels, trading S&R, etc) you are kindly invited to check my previous publication Price Action - Support & Resistance by DGT More regarding Relative Strength Index (RSI) and Relative Strength of Volume Indicators , please check Relative Strength of Volume Indicators by DGT Disclaimer: Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Pine Script® indicator
by dgtrd
105
Scalping using RSI 2 indicator with TP and TSLThis study implements a simply scalping using the RSI (calculated on two periods), the slopes of two MAs (EMA or SMA) having different lengths (by default, I use 50 and 200). A take profit (%) and a trailing stop loss (%) are used. Entry conditions: .) Fast MA > Slow MA and Price > Slow MA and RSI < Oversold Threshold ------> go Long .) Fast MA < Slow MA and Price < Slow MA and RSI > Overbought Threshold ------> go Short Exit conditions: .) Long entry condition is true and (close >= TP or close <= TSL) ----> close short position .) Short entry condition is true and (close <= TP or close >= TSL) ----> close long position The strategy performed best on Bitcoin and the most liquid and capitalized Altcoins but works excellent on volatile assets, mainly if they often go trending. Works best on 3h - 4h time frame. There's also an optional Volatility filter, which opens the position only if the difference between the two slopes is more than a specific value, which can be set in the study inputs. The purpose is not opening positions if the price goes sideways and the noise is way > than the signal. Note: .) the RSI length is 2; .) the oversold Threshold is 90%; .) the overbought Threshold is 10%; .) by default, the take profit per cent is 0.5%; .) by default, the trailing stop loss per cent is 0.5%; .) by default, the fast MA length is 50; .) by default, the slow MA length is 200; .) by default, the MA used is EMA. Cheers.
Pine Script® indicator
by Ninorigo
3
Multi Band Channel - Oversold/Overbought OscillatorIf your trading strategy is to sell the RIPs and buy the DIPs, this is an indicator for you. This is based on the multi band indicator present here: Code is simplified to generate as many bands as possible and hence divide price into as many states as possible based on these bands. Moving Average Type defines what moving average to be considered for Bollinger Band/Keltner Channel. This is based on Once we derive price state based on multi bollinger band/keltner channel levels, we then look for highest and lowest levels in LoopbackPeriod . Overbought level = Highest Level - Offset Oversold level = Lowest Level + Offset Blue line indicates current state.
Pine Script® indicator
by Trendoscope
4
Chande Momentum Oscillator - Alerts and RegionsIt seemed weird to me that the default Chande didn't have overbought and oversold regions, despite them being described for Chande Momentum and working very well. So I added the lines and alert conditions. I've used this to very good results in my day trading. My strategy involved 4 timeframes of candlestick, each with 4 timeframes of Chande overlaid. Candlesticks are 5 min, 20 min, 80 min, 320 min and Chandes are x1, x2, x4 and x8 of the relevant time zone. Give it a shot. Use the 5 min Chande as Buy and Sell signal with the other timeframes for trend confirmation. You may get a lot of extra alerts with this setup, but it's almost impossible to really miss an opportunity if you use it right. It will take up all your free time though, as a warning. Using this strat made me go crazy. Use the chande crossing over the lines as the signal, not just being in the region, as that will make you buy early.
Pine Script® indicator
by burgercrisis
2