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Relative Strength Index (RSI)

Swing Trade AL/SAT + Güç Derecesi_huğurlu Weak signal → MACD crossover only. Moderate signal → MACD crossover + RSI confirmation. Strong signal → MACD crossover + RSI + Stoch RSI confirmation. BUY/SELL labels appear on the chart in different colors and sizes. This way, you can instantly see which signal is more reliable. Zayıf sinyal → sadece MACD kesişim var Orta sinyal → MACD kesişim + RSI teyidi. Güçlü sinyal → MACD kesişim + RSI + Stoch RSI teyidi.
Pine Script® indicator
by hakantugurlu77
2
Multitimeframe Stochastic RSIIndicator is Combining 4 different timeframe Stochastic RSI and show buy signal when all of them are oversold and sell signal when all of them are overbought. Default settings are set up for 15 minute timeframe: K1 - 15M (period = 14) K2 - 30M (period = 28) K3 - 1H (period = 56) K4 - 2H (period = 112) It indicates top and bottoms of given period. Its good to use as a confirmation indicator. Feel free to comment and use it. Greetings!
Pine Script® indicator
by ELITE_TRADING_DAILY
Market Extreme Zones IndexThe Market Extreme Zones Index is a new mean reversion (valuation) tool focused on catching long term oversold/overbought zones. Combining an enhanced RSI with a smoothed Z-score this indicator allows traders to find oppurtunities during highly oversold/overbought zones. I will separate the explanation into the following parts: 1. How does it work? 2. Methodologies & Concepts 3. Use cases How does it work? The indicator attempts to catch highly unprobable events in either direction to capture reversal points over the long term. This is done by calculating the Z-Score of an enhanced RSI. First we need to calculate the Enhanced RSI: For this we need to calculate 2 additional lengths: Length1 = user defined length Length2 = Length1/2 Length3 = √Length Now we need to calculate 3 different RSIs: 1st RSI => uses classic user defined source and classic user defined length. 2nd RSI => uses classic user defined source and Length 2. 3rd RSI => uses RSI 2 as source and Length 2 Now calculate the divergence: RSI_base => 2nd RSI * 3 - 1st RSI - 3rd RSI After this we need to calculate the median of the RSI_base over √Length and make a divergence of these 2: RSI => RSI_base*2 - median All that remains now is the Z-score calculations: We need: Average RSI value Standard Deviation = a measure of how dispersed or spread out a set of data values are from their average Z-score = (Current Value - Average Value) / Standard Deviation After this we just smooth the Z-score with a Weighted Moving average with √Length Methodology & Concepts Mean Reversion Methodology: The methodology behind mean reversion is the theory that asset prices will eventually return to their long-term average after deviating significantly, driven by the belief that extreme moves are temporary. Z-Score Methodology: A Z-score, or standard score, is a statistical measure that indicates how many standard deviations a data point is from the mean of a dataset. A positive z-score means the value is above the mean, a negative score means it's below, and a score of zero means the value is equal to the mean. You might already be able to see where I am going with this: Z-Score could be used for the extreme moves to capture reversal points. By applying it to the RSI rather than the Price, we get a more accurate measurement that allow us to get a banger indicator. Use Cases Capturing reversal points Trend Direction - while the main use it for mean reversion, the values can indicate whether we are in an uptrend or a downtrend. Advantages: Visualization: The indicator has many plots to ensure users can easily see what the indicator signals, such as highlighting extreme conditions with background colors. Versatility: This indicator works across multiple assets, including the S&P500 and more, so it is not only for crypto. Final note: No indicator alone is perfect. Backtests are not indicative of future performance. Hope you enjoy Gs! Good luck!
Pine Script® indicator
by MisinkoMaster
RSI with SMA (14) + Bullish MarksRSI with SMA (14) + Bullish Strength Filter This indicator combines the classic RSI (14) with its 14-period SMA to provide a clearer view of bullish momentum. Unlike a standard RSI crossover system, this indicator filters out false signals and highlights only those crossovers that show confirmed upward strength. Key Features: Displays RSI (14) and its SMA (14) on a separate chart. Detects bullish crossovers only when the RSI is consistently rising over a configurable number of bars. Optional visual background highlights zones of confirmed bullish strength. Overbought (70) and Oversold (30) levels are plotted for reference. Custom alert triggers when a bullish signal is confirmed, helping you act promptly. Input Parameters: RSI Period: Length of the RSI calculation. SMA Period on RSI: Length of the SMA applied to RSI. Confirmation Candles: Number of bars the RSI must rise to confirm a bullish signal. Perfect for traders seeking a refined RSI strategy that reduces noise and emphasizes confirmed upward momentum.
Pine Script® indicator
by sudo_delete_evil
Alpha-Weighted RSIDescription: The Alpha-Weighted RSI is a next-generation momentum oscillator that redefines the classic RSI by incorporating the mathematical principles of Lévy Flight. This advanced adaptation applies non-linear weighting to price changes, making the indicator more sensitive to significant market moves and less reactive to minor noise. It is designed for traders seeking a clearer, more powerful view of momentum and potential reversal zones. 🔍 Key Features & Innovations: Lévy Flight Alpha Weighting: At the core of this indicator is the Alpha parameter (1.0-2.0), which controls the sensitivity to price changes. Lower Alpha (e.g., 1.2): Makes the indicator highly responsive to recent price movements, ideal for capturing early trend shifts. Higher Alpha (e.g., 1.8): Creates a smoother, more conservative output that filters out noise, focusing on stronger momentum. Customizable Smoothing: The raw Lévy-RSI is smoothed by a user-selectable moving average (8 MA types supported: SMA, EMA, SMMA, etc.), allowing for further customization of responsiveness. Intuitive Centered Oscillator: The RSI is centered around a zero line, providing a clean visual separation between bullish and bearish territory. Dynamic Gradient Zones: Subtle, colour coded gradient fills in the overbought (>+25) and oversold (<-25) regions enhance visual clarity without cluttering the chart. Modern Histogram Display: Momentum is plotted as a sleek histogram that changes color between bright cyan (bullish) and magenta (bearish) based on its position relative to the zero line. 🎯 How to Use & Interpret: Zero-Line Crossovers: The most basic signals. A crossover above the zero line indicates building bullish momentum, while a crossover below suggests growing bearish momentum. Overbought/Oversold Levels: Use the +25/-25 and +35/-35 levels as dynamic zones. A reading above +25 suggests strong bullish momentum (overbought), while a reading below -25 indicates strong bearish momentum (oversold). Divergence Detection: Look for divergences between the Alpha-Weighted RSI and price action. For example, if price makes a new low but the RSI forms a higher low, it can signal a potential bullish reversal. Alpha Tuning: Adjust the Alpha parameter to match market volatility. In choppy markets, increase alpha to reduce noise. In trending markets, decrease alpha to become more responsive. ⚙️ Input Parameters: RSI Settings: Standard RSI inputs for Length and Calculation Source. Lévy Flight Settings: The crucial Alpha factor for response control. MA Settings: MA Type and MA Length for smoothing the final output. By applying Lévy Flight dynamics, this indicator offers a nuanced perspective on momentum, helping you stay ahead of the curve. Feedback is always welcome!
Pine Script® indicator
by gordito03
EMA Cross + RSI + ADX - Autotrade Strategy V2Overview A versatile trend-following strategy combining EMA 9/21 crossovers with RSI momentum filtering and optional ADX trend strength confirmation. Designed for both cryptocurrency and traditional futures/options markets with built-in stop loss management and automated position reversals. Key Features Multi-Market Compatibility: Works on both crypto futures (Bitcoin, Ethereum) and traditional markets (NIFTY, Bank NIFTY, S&P 500 futures, equity options) Triple Confirmation System: EMA crossover + RSI filter + ADX strength (optional) Automated Risk Management: 2% stop loss with wick-touch detection Position Auto-Reversal: Opposite signals automatically close and reverse positions Webhook Ready: Six distinct alert messages for automation (Entry Buy/Sell, Close Long/Short, SL Hit Long/Short) Performance Metrics NIFTY Futures (15min): 50%+ win rate with ADX filter OFF Crypto Markets: Requires extensive backtesting before live deployment Optimal Timeframes: 15-minute to 1-hour charts (patience required for higher timeframes) Strategy Logic Entry Signals: LONG: EMA 9 crosses above EMA 21 + RSI > 55 + ADX > 20 (if enabled) SHORT: EMA 9 crosses below EMA 21 + RSI < 45 + ADX > 20 (if enabled) Exit Signals: Opposite EMA crossover (auto-closes current position) Stop loss hit at 2% from entry price (tracks candle wicks) Technical Indicators: Fast EMA: 9-period (short-term trend) Slow EMA: 21-period (primary trend) RSI: 14-period with 55/45 thresholds (momentum confirmation) ADX: 14-period with 20 threshold (trend strength filter - optional) Market-Specific Settings Traditional Markets (NIFTY, Bank NIFTY, S&P Futures, Options) Recommended Settings: ADX Filter: Turn OFF (less choppy, cleaner trends) Timeframe: 15-minute chart Win Rate: 50%+ on NIFTY Futures Why No ADX: Traditional markets have more institutional participation and smoother price action, making ADX unnecessary Cryptocurrency Markets (BTC, ETH, Altcoins) Recommended Settings: ADX Filter: Turn ON (ADX > 20) Timeframe: 15-minute to 1-hour Extensive backtesting required before live trading Why ADX: Crypto markets are highly volatile and prone to false breakouts; ADX filters low-quality chop Best Practices ✅ Backtest thoroughly on your specific instrument and timeframe ✅ Use larger timeframes (1H, 4H) for higher quality signals and better risk/reward ✅ Adjust RSI thresholds based on market volatility (try 52/48 for more signals, 60/40 for fewer but stronger) ✅ Monitor ADX effectiveness - disable for traditional markets, enable for crypto ✅ Proper position sizing - adjust default_qty_value based on your capital and instrument price ✅ Paper trade first - test for 2-4 weeks before risking real capital Risk Management Fixed 2% stop loss per trade (adjustable) Stop loss tracks candle wicks for accurate execution Positions auto-reverse on opposite signals (no manual intervention needed) 0.075% commission built into backtest (adjust for your broker) Customization Options All parameters are adjustable via inputs: EMA periods (default: 9/21) RSI length and thresholds (default: 14-period, 55/45 levels) ADX length and threshold (default: 14-period, 20 threshold) Stop loss percentage (default: 2%) Webhook Automation This strategy includes six distinct alert messages for automated trading: "Entry Buy" - Long position opened "Entry Sell" - Short position opened "Close Long" - Long position closed on opposite crossover "Close Short" - Short position closed on opposite crossover "SL Hit Long" - Long stop loss triggered "SL Hit Short" - Short stop loss triggered Compatible with Delta Exchange, Binance Futures, 3Commas, Alertatron, and other webhook platforms. Important Notes ⚠️ Crypto markets require extensive backtesting - volatility patterns differ significantly from traditional markets ⚠️ Higher timeframes = better results - 15min works but 1H/4H provide cleaner signals ⚠️ ADX toggle is critical - OFF for traditional markets, ON for crypto ⚠️ Not financial advice - always conduct your own research and use proper risk management ⚠️ Past performance ≠ future results - backtest results may not reflect live trading conditions Disclaimer This strategy is for educational and informational purposes only. Trading futures and options involves substantial risk of loss. Always backtest thoroughly, start with paper trading, and never risk more than you can afford to lose. The author assumes no responsibility for any trading losses incurred using this strategy.
Pine Script® strategy
by varuns_back
4
Zone Tap Counter: Support & Resistance StrengthWhat is this indicator? This script is designed to help traders objectively monitor the strength and significance of price zones by counting and visualizing how many times price “taps” confirmed support and resistance levels. The indicator leverages swing high/low detection to automatically plot relevant zones and uses price tap frequency as an objective strength metric. How does it work? Zone Identification: The script uses the Pine Script functions ta.pivothigh and ta.pivotlow to detect confirmed swing highs and lows on your chart. Each swing high establishes a resistance zone, and each swing low establishes a support zone. Only confirmed pivots are used, ensuring all signals are strictly non-repainting. Tap Counting Logic: For every candle, the indicator checks whether price touches (comes within a small, user-set tolerance) of any currently tracked support or resistance zone. To avoid counting repeated taps in the same move, the script ensures only unique bar taps are registered. Each time price taps a zone, a counter for that zone is incremented. Both the tolerance for taps (percentage-based), and the depth/history of zones tracked are fully adjustable in settings. Visual Feedback: Zones with more taps are drawn darker (lower transparency), making it easy to spot the strongest/hardest-tested levels on the chart. A label on each zone displays the current tap count (e.g., "3x"), giving direct feedback about which support/resistance are most significant in the current view. Only recent zones (user-configurable) are shown to keep charts clear and useful. How to use it: Add the indicator to your TradingView chart. Set the swing length and tap tolerance in settings to match your market or timeframe (short swing length for scalping, longer swings for bigger structure). Watch for zones with high tap counts and darker lines: These zones represent areas where price has repeatedly reacted, suggesting they may be important for your trading decisions. You can adjust the minimum number of taps needed for a zone to be highlighted and the number of zones to display for your preferred visual clarity. Combine this tool with other analysis for confirmation—tap counts should not be seen as trading signals, but as supporting information. Originality & Calculation Details: This script does NOT simply merge or overlay existing indicators. The calculation method is original: it uses swing-based support/resistance and applies unique tap-count logic, designed for objective zone strength visualization. No repainting logic is present. All code and visualization methods are documented and transparent. Disclaimer: This indicator is for educational and analytical purposes only. It does not predict future price movement, guarantee profits, or recommend specific trades. Always use your own analysis and risk management. See TradingView’s House Rules for more details.
Pine Script® indicator
by darshakssc
EMA + RSI Autotrade Webhook - VarunOverview The EMA + RSI Autotrade Webhook is a powerful trend-following indicator designed for automated crypto futures trading. This indicator combines the reliability of Exponential Moving Average (EMA) crossovers with RSI momentum filtering to generate high-probability buy and sell signals optimized for webhook integration with crypto exchanges like Delta Exchange, Binance Futures, and Bybit.Key Features Simple & Effective: Uses proven EMA 9/21 crossover strategy RSI Momentum Filter: Eliminates low-probability trades in ranging markets Webhook Ready: Two clean alerts (LONG Entry, SHORT Entry) for seamless automation Exchange Compatible: Works with Delta Exchange, 3Commas, Alertatron, and other webhook platforms Zero Lag Signals: Real-time alerts on crossover confirmation Visual Clarity: Clean chart markers for easy signal identification How It Works Entry Signals: LONG Entry: Triggers when EMA 9 crosses above EMA 21 AND RSI is above 52 (bullish momentum confirmed) SHORT Entry: Triggers when EMA 9 crosses under EMA 21 AND RSI is below 48 (bearish momentum confirmed) Technical Components: Fast EMA: 9-period (tracks short-term price action) Slow EMA: 21-period (identifies primary trend) RSI: 14-period (confirms momentum strength) RSI Long Threshold: 52 (filters weak bullish signals) RSI Short Threshold: 48 (filters weak bearish signals) Best Use Cases Crypto Futures Trading: Bitcoin, Ethereum, Altcoin perpetual contracts Automated Trading Bots: Integration with Delta Exchange webhooks, TradingView alerts Timeframes: Optimized for 15-minute charts (works on 5min-1H) Markets: Trending crypto markets with clear directional moves Risk Management: Best used with 1-2% stop loss per trade (managed externally) Webhook Automation Setup Add indicator to your TradingView chart Create alerts for "LONG Entry" and "SHORT Entry" Configure webhook URL from your exchange (Delta Exchange, Binance, etc.) Use alert message: Entry LONG {{ticker}} @ {{close}} or Entry SHORT {{ticker}} @ {{close}} Exchange automatically reverses positions on opposite signals Advantages ✅ No manual trading required - fully automated ✅ Eliminates emotional trading decisions ✅ Catches trending moves early with EMA crossovers ✅ RSI filter reduces whipsaws in choppy markets ✅ Works 24/7 without monitoring ✅ Simple two-alert system (easy to manage) ✅ Compatible with multiple exchanges via webhooksStrategy Philosophy This indicator follows a trend-following with momentum confirmation approach. By waiting for both EMA crossover AND RSI confirmation, it ensures you're entering trades with genuine momentum behind them, not just random price noise. The tight RSI thresholds (52/48) keep you aligned with the prevailing trend.Recommended Settings Timeframe: 15-minute (primary), 5-minute (scalping), 1-hour (swing) Markets: BTC/USDT, ETH/USDT, high-liquidity altcoin perpetuals Position Sizing: 100% capital per signal (exchange manages reversals) Stop Loss: 2% (managed via exchange or external bot) Leverage: 1-2x for conservative approach, up to 5x for aggressive Important Notes ⚠️ This indicator generates entry signals only - position reversals are handled automatically by your exchange ⚠️ Always backtest on historical data before live trading ⚠️ Use proper risk management and position sizing ⚠️ Best performance in trending markets; may generate false signals in tight ranges ⚠️ Requires TradingView Premium or higher for webhook functionalityTags cryptocurrency futures automated-trading ema-crossover rsi webhook delta-exchange tradingview-alerts trend-following momentum bitcoin ethereum crypto-bot algo-trading 15-minute-strategy
Pine Script® indicator
by varuns_back
Pulse RSI | Lyro RSPulse RSI | Lyro RS The Pulse RSI is a momentum oscillator that enhances the traditional RSI by incorporating volume-weighted price and linear regression. It generates multiple trading signals, including trend shifts, overbought/oversold conditions, and custom threshold levels. By integrating both price and volume into its calculation, Pulse RSI is more robust and responsive than the standard RSI. This helps you identify trends faster, spot potential reversals sooner, and set up custom alerts based on your own strategy. Key Features Four Signal Types: Type 1 (Trend): Triggers when the indicator's current value crosses its previous value, highlighting short-term momentum shifts. Type 2 (Midline Trend): The classic midline cross. A bullish bias is indicated above 50, while a bearish bias is indicated below 50. Type 3 (Overbought/Oversold): Flags potential reversal zones, suggesting where buying or selling opportunities may emerge. Type 4 (Custom Thresholds): This type lets you define your own threshold levels. Instead of following a trend, use it to mark your specific conditions for a reversal. For example, set a long reversal at a low level (e.g., 5) for an early buy signal, or a short reversal at a high level (e.g., 80) for an early sell signal. Calculation Method: The indicator uses a volume-weighted price (Close * High * Low) and applies linear regression to smooth the data. This creates a unique and more stable oscillator, avoiding the chaotic movement seen in others. Color System: Choose from multiple color themes like Classic, Mystic, Accented, and Royal, or create your own custom colors for bullish and bearish signals. Visual Plotting: Features a clear plot with a glow effect, a midline, adjustable threshold lines, and shapes/labels to mark long/short and overbought/oversold signals. Alerts: Instant alerts are available for every signal type, which you can quickly enable based on your trading conditions. How It Works: Core Calculation The indicator calculates a volume-weighted price using (Close * High * Low) multiplied by the absolute volume. This value is then smoothed with linear regression and converted into an oscillator, normalized to a 0-100 scale. Trading Logic: Bullish Signals: Trigger when the main plot line crosses above a key level—be it the previous value, the 50 midline, or a custom threshold. Bearish Signals: Trigger when the main plot line crosses below a key level. Visual Logic: The system displays a main plot line, colors candles, and plots signal shapes, all customizable through a variety of color schemes. Practical Use Trend Confirmation (Types 1 & 2): Use Type 1 for early momentum shifts and Type 2 to confirm the overall trend direction. Reversals (Type 3): Consider long entries when oversold signals fire, suggesting an asset is undervalued. Look for exits at overbought signals, which suggest a potential downward reversal. Custom Thresholds (Type 4): Set tight thresholds to catch early trends and reversals. Be aware that more sensitive settings may also increase false positives. Customization: Adjust the Length: A higher setting makes the indicator more suited for long-term trends, while a lower setting makes it more sensitive for short-term moves. Enable/Disable Signals: Turn the four signal types on or off to match your trading style. Set Your Levels: Fully adjustable thresholds for Type 4 long/short conditions. Choose Your Colors: Select from a variety of color schemes for all bullish and bearish elements. ⚠️ Disclaimer This indicator is a tool for technical analysis and does not guarantee results. It should be used alongside other analysis methods and solid risk management practices. The creators are not responsible for any financial decisions made based on its signals.
Pine Script® indicator
by LyroRS
2
RSI(Min-Max)RSI (Min-Max) is an enhanced version of Welles Wilder's Relative Strength Index, designed to offer greater analytical precision and dynamic insight into the behavior of the RSI within each candlestick.In addition to displaying the traditional RSI value, this script calculates the possible extreme values — the minimum and maximum RSI — based on the low and high prices of the current candle. This allows you to estimate how the RSI would react if the price moved to the extremes of the bar, providing a predictive and refined reading of momentum.
Pine Script® indicator
by btdqdqwstrc
ADX Trend Strength Filter + TRAMA [DotGain]Summary Are you tired of trading trend signals, only to get stopped out in volatile, sideways chop? The ADX Trend Strength Filter (ADX TSF) is designed to solve this exact problem. It is a comprehensive trend-following system that only generates signals when a trend not only has the right direction and momentum, but also sufficient strength. This indicator filters out weak or indecisive market phases (the "chop") and will only color the bars Green or Red when all conditions for a strong, confirmed trend are met. ⚙️ Core Components and Logic The ADX TSF relies on a triple-filter logic to generate a clear trade signal: Trend Filter (TRAMA): A TRAMA (Trending Adaptive Moving Average) is used as the main trendline. This adaptive average automatically adjusts to market volatility, acting as a dynamic support/resistance level. Price > TRAMA = Bullish Price < TRAMA = Bearish Momentum Filter (RSI Crossover): Momentum is measured by a crossover of two moving averages of the RSI (a fast EMA and a slow SMA). This confirms whether the momentum is pointing in the same direction as the trend. Strength Filter (ADX): This is the most important filter. A signal is only considered valid if the ADX (Average Directional Index) is above a defined threshold (Default: 30). This ensures the trend has sufficient strength. 🚦 How to Read the Indicator The indicator has three states, displayed directly as bar colors on your chart: 🟩 GREEN BARS (Strong Uptrend) All three conditions are met: Price is above the TRAMA. RSI momentum is bullish (Fast MA > Slow MA). ADX is above 30 (Strong trend is present). 🟥 RED BARS (Strong Downtrend) All three conditions are met: Price is below the TRAMA. RSI momentum is bearish (Fast MA < Slow MA). ADX is above 30 (Strong trend is present). 🟧 ORANGE BARS (Neutral / Caution) This state appears if any of the following conditions are true: Weak Trend: The ADX is below 30. The market is in consolidation or a sideways phase. (This is the primary filter!) Indecision: The price is caught in the "Neutral Zone" between the TRAMA and the 200 SMA. Visual Elements Bar Colors: (Green/Red/Orange) Show the current trend status. TRAMA (Orange Line): Your primary adaptive trendline. 200 SMA (White Line): Serves as a reference for the long-term trend. Orange Background (Fill): Fills the area between the TRAMA and SMA to visually highlight the "Neutral Zone." Key Benefit The goal of the ADX TSF is to keep traders out of weak, unpredictable markets and help them participate only in strong, momentum-confirmed trends. Have fun :) Disclaimer This "Buy The F*cking Dip" (BTFD) indicator is provided for informational and educational purposes only. It does not, and should not be construed as, financial, investment, or trading advice. The signals generated by this tool (both "Buy" and "Sell") are the result of a specific set of algorithmic conditions. They are not a direct recommendation to buy or sell any asset. All trading and investing in financial markets involves substantial risk of loss. You can lose all of your invested capital. Past performance is not indicative of future results. The signals generated may produce false or losing trades. The creator (© DotGain) assumes no liability for any financial losses or damages you may incur as a result of using this indicator. You are solely responsible for your own trading and investment decisions. Always conduct your own research (DYOR) and consider your personal risk tolerance before making any trades.
Pine Script® indicator
by DotGain
1
RSI + MACD Multi-Timeframe StrategyThis strategy combines the Relative Strength Index (RSI) from the daily timeframe with the Moving Average Convergence Divergence (MACD) from the 4-hour timeframe to generate precise long entry and exit signals. The system uses a multi-timeframe approach to align longer-term trend conditions with shorter-term momentum shifts — allowing traders to catch dips with confirmation and exit before reversals. 🧠 Strategy Logic ✅ Long Entry Condition: - RSI on the daily (1D) timeframe is oversold (below your defined threshold) - MACD on the 4H timeframe crosses above the signal line → A long trade is opened when these two align ✅ Long Exit Condition: - RSI on the daily timeframe is overbought - MACD on the 4H timeframe crosses below the signal line → The long trade is closed when these two conditions are met 💡 This strategy currently supports long entries only. Short logic can be added if needed. 📊 Indicator Components 🔹 RSI (Relative Strength Index): - A momentum oscillator that measures the speed and magnitude of price changes. - Helps identify overbought (potential sell) and oversold (potential buy) conditions. - Applied on the 1D timeframe (by default) to reflect broader market trend or exhaustion levels. 🔹 MACD (Moving Average Convergence Divergence): - A trend-following momentum indicator based on moving averages. - The MACD Line (fast EMA - slow EMA) crossing above the Signal Line indicates bullish momentum. - Used here on the 4-hour timeframe (by default) for shorter-term momentum confirmation. 🔹 Multi-Timeframe (MTF) Logic: - Uses request.security() to pull higher timeframe data (1D for RSI, 4H for MACD). - Ensures no repainting, as it only uses closed candles from the higher timeframe. - Aligns longer-term signals with shorter-term entries, reducing false signals. 📈 Plotting Options The script includes a plot selector input allowing you to toggle between: - RSI Plot (with overbought/oversold lines) - MACD Plot (MACD line and signal line) - This helps visualize signal conditions clearly on your chart. 🛠 Customization - RSI & MACD settings are fully configurable - RSI and MACD timeframes can be adjusted independently ⚠️ Disclaimer This strategy is provided for educational and informational purposes only. It is not financial advice or a recommendation to buy or sell any asset. Past performance does not guarantee future results. Always test strategies in a simulated environment before live use, and consult with a licensed financial advisor for investment decisions.
Pine Script® strategy
by RWCS_LTD
2