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Oversold

RSI [Gu5]Highlights Oversold and Overbought Show Cross Line when the momentum ends Same design of my previous indicators Setting recommended for EURUSD: Length = 14 Oversold = 68 Overbought = 32 Other markets try: Length = 14 Oversold = 70 Overbought =30 -- El indicador destaca cuando el mercado esta en sobre-compra o sobre-venta Para una mejor visualización, marca con un cruce cuando finaliza el movimiento Continuando con el mismo estilo de diseño de mis anteriores indicadores -- If any of my indicators were useful, you can buy me a beer ;) Si alguno de mis indicadores te fue útil, puedes comprarme una cerveza ;) BTC: 1MbHMN63WnsFYEavsGK4nMWSUoEiuiScny Paypal: www.paypal.me
Pine Script™ indicator
by gu5tavo71
9
How To Use Dynamic ZonesExample of how to apply and use Dynamic Zones with an indicator by injecting it's source into my adaptation of the original idea by Leo Zamansky, Ph.D., and David Stendahl. • Load your desired oscillating indicator on your chart (CCI, RSI, etc). • Load my "How To Use Dynamic Zones" indicator on your chart. • In the "How To Use Dynamic Zones" indicator settings choose your desired oscillating indicator as the Oscillator Source. You will now have dynamic overbought and oversold levels. I have also included alerts which may be used to indicate when these conditions occur. If desired you may repeat the above process by loading additional indicators along with additional copies of my indicator to use with each oscillator. Oscillator Source: CLOSE uses your chosen indicator as a source or you may use price as a source Sample Length: 70 uses number of previous values for evaluating Hi is Above X% of Sample: 88 sets overbought zone Lo is Below X% of Sample: 88 sets oversold zone The simplest explanation of what these default settings are doing is that they take 70 previous values of your chosen indicator, then create an overbought level that is above 88% of those previous values and an oversold level that is below 88% of those previous values. As new bars form the levels are dynamically reevaluated and updated. --- "This investing style follows a very simple form of logic: Enter the market only when an oscillator has moved far above or below traditional trading levels. However, these oscillator driven systems lack the ability to evolve with the market because they use fixed buy and sell zones. Traders typically use one set of buy and sell zones for a bull market and substantially different zones for a bear market. And therein lies the problem. Once traders begin introducing their market opinions into trading equations, by changing the zones, they negate the system’s mechanical nature. The objective is to have a system automatically define its own buy and sell zones and thereby profitably trade in any market — bull or bear. Dynamic zones offer a solution to the problem of fixed buy and sell zones for any oscillator-driven system." Reference: Stocks & Commodities V15:7 (306-310): Dynamic Zones by Leo Zamansky, Ph.D., and David Stendahl --- NOTICE: This is an example script and not meant to be used as an actual strategy. By using this script or any portion thereof, you acknowledge that you have read and understood that this is for research purposes only and I am not responsible for any financial losses you may incur by using this script!
Pine Script™ indicator
by allanster
13
Self-Adjusting RSI +Here is an open source (no request needed!) version of the Self-Adjusting RSI by David Sepiashvili. Published in Stocks & Commodities V. 24:2 (February, 2006): The Self-Adjusting RSI David Sepiashvili's article, "The Self-Adjusting RSI," presents a technique to adjust the traditional RSI overbought and oversold thresholds so as to ensure that 70-80% of RSI values lie between the two thresholds. Sepiashvili presents two algorithms for adjusting the thresholds. One is based on standard deviation, the other on a simple moving average of the RSI. This script allows you to choose between plotting the Self-Adjusting bands or the traditional bands. You can also plot a smoothed RSI (SMA or EMA) and change the theme color for dark or light charts. If you find this code useful, please pass it forward by sharing open source! Thank you to all of the open source heroes out there! "If I have seen a little further it is by standing on the shoulders of Giants."
Pine Script™ indicator
by AltJams
10
Spiky Iguana Multi RSI Bands (Reverse RSI for the Price) by RRBSpiky Iguana Multi RSI Bands by RagingRocketBull 2018 Version 1.0 This indicator shows multiple RSI Bands with prices corresponding to specified overbought/oversold RSI levels. It is used to extrapolate the exact price levels currently matching a given set of RSI levels based on prior price/RSI levels action. You can think of it as a reverse RSI where RSI levels are moving dynamically around the price instead of price bouncing between straight lines. Features: - 6+6 = 12 customizable Overbought(R)/Oversold(S) RSI Levels + 6 Mean(M) lines - Multicolor levels/fill ranges - Show/Hide specific S/R/M levels and fill ranges 1. uses plot*, fill and is based on RSIBANDS_LB Good Luck! Feel free to explore and learn from the code
Pine Script™ indicator
by RagingRocketBull
9