RSI with J-Line ***For ease of use, I recommend changing the J Histogram to a line indicator, then it works like the KDJ Stochastic indicator. Full disclosure, I created this script with the help of GPT. This script was inspired by the KDJ Stochastic indicator by Dreadblitz***
The "RSI with J-Line" script is essentially a modified Relative Strength Index (RSI) indicator with an added histogram component. Here's how to use the different components of the script:
RSI Line (Blue): The RSI is a momentum oscillator that measures the speed and change of price movements. It oscillates between zero and 100, and is typically used to identify overbought and oversold conditions in a market. Traditionally, readings over 70 are considered overbought, and readings under 30 are considered oversold. However, these are not strict rules and can vary depending on the market and the overall trend.
RSI Smooth Line (Orange): This is the simple moving average of the RSI. It helps to smooth out the RSI and to identify the overall trend of the momentum. When the RSI line crosses above the RSI Smooth line, it might indicate that the momentum is moving upwards. When the RSI line crosses below the RSI Smooth line, it might indicate that the momentum is moving downwards.
RSI J-Line (Red Histogram): The J-Line is an additional line that's calculated as 3*rsiSmooth - 2*rsi. It's similar to the %J line in the Stochastic indicator and is designed to provide quicker signals than the RSI or RSI Smooth line. When the histogram is above the 0 line, it might indicate bullish momentum. When it's below the 0 line, it might indicate bearish momentum.
Please note that these interpretations are standard for these types of indicators, but actual market behavior can be complex and is influenced by many factors. Indicators should be used as part of a comprehensive trading strategy, not in isolation. Always take into account other market information and indicators before making trading decisions.
Search in scripts for "Rsi"
RSI-ROC Momentum AlertThis is the RSI-ROC Momentum Alert trading indicator, designed to help traders identify potential buy and sell signals based on the momentum of price movements.
The indicator is based on two technical indicators: the Rate of Change (ROC) and the Relative Strength Index (RSI). The ROC measures the speed of price changes over a given period, while the RSI measures the strength of price movements. By combining these two indicators, this trading indicator aims to provide a comprehensive view of the market momentum.
An RSI below its oversold level, which shows as a green background, in addition to a ROC crossing above its moving average (turns green) signals a buying opportunity.
An RSI above its overbought level, which shows as a red background, in addition to a ROC crossing below its moving average (turns red) signals a selling opportunity.
Traders can use this indicator to identify potential momentum shifts and adjust their trading strategies accordingly.
The ROC component of the indicator uses a user-defined length parameter to calculate the ROC and a simple moving average (SMA) of the ROC. The color of the ROC line changes to green when it is above the ROC SMA and to red when it is below the ROC SMA. The ROC SMA color changes whether it's above or below a value of 0.
The RSI component of the indicator uses a user-defined length parameter to calculate the RSI, and user-defined RSI Low and RSI High values to identify potential buy and sell signals. When the RSI falls below the RSI Low value, a green background color is applied to the chart to indicate a potential buy signal. Conversely, when the RSI rises above the RSI High value, a red background color is applied to the chart to indicate a potential sell signal.
This indicator is intended to be used on any time frame and any asset, and can be customized at will.
Double RSI + BBRSI stands for Relative Strength Index.
Bollinger Bands stands for a channel open by standard deviation values plotting upper, lower lines.
Double RSI with Bollinger bands adapted Bollinger bands to RSI not using overlay mode. It tries to filter fake signals while giving more good signals according to volatility even below overbought areas or above oversold areas. This way you can use greater values for RSI, like 25 and 100, increasing smoothness with less market noise.
We added an extra gap spacer to smooth Bollinger bands while widening the channel with a lower multiplier.
I found better results when Fast RSI crosses back into Bollinger bands channel.
You can play with the following settings:
• Source
Close is the most used
• Fast RSI length
Default to 25
• Slow RSI length
Default to 100
• RSI Smoothing
To filter out some graphic noise
• RSI Overbought, Oversold
Regular overbought, oversold lines handled by a single value. For 70/30, set it to 20 although with longer RSI something around 15 is enough.
• Bollinger Spacer
Ads thickness to the channel with lower multiplier
• Bollinger Length
Regular Bollinger length applied to slow RSI
• Bollinger Multiplier
Regular Bollinger multiplier applied to slow RSI
Disclaimer:
For study purposes only, trading without a good risk management can be regrettable, do your own research, always add confirmations, use it as is, at your own risk.
RSI & BB QQE Mod (highlight)This script is a combination of the RSI, QQE and BB
Here is an explanation on how I combined them, and how they are used:
- RSI (Relative Strength Index)
- Display a smoothed version of the RSI to identify "oversold" and "overbought" market phases
- Used to calculate a QQE
- QQE (Quantitative Qualitative Estimation)
- Used to identify trend direction and trend strength
- Used to set a basis for the BB
- BB (Bollinger Bands)
- Used with QQE as a basis to determine a relative definition of "high RSI" and "low RSI"
- Used with QQE as a basis to determine the volatility of the RSI at a given moment
- Used to predict pivot points
Here are the main signals:
- When "RSI Smoothed" line above the Upper BB then "RSI Smoothed" line turns green
- Also , display green background color highlight
- Also , and if "RSI Smoothed" is above the overbought line then display a second green background color highlight
- When "RSI Smoothed" line bellow the Lower BB then "RSI Smoothed" line turns red
- Also , display red background color highlight
- Also , and if "RSI Smoothed" is bellow the oversold line then display a second red background color highlight
A tool codded to be aesthetically pleasing and VERY customisable:
- Designed for both light theme and dark theme users
- Value can be easily modified in the settings
- Colors can be easily swapped in the settings
- Opacity of "fill" & "bgcolor" regrouped as a single input
A tool codded to be easy to read and to learn from:
- Sources and inspirations all listed within the script
- Structure easily identifiable (to understand with little to no effort how the script works)
Notes :
- This script is lagging, because of that I do recommend using it on relatively large timeframe
- This script is OpenSource, feel free to reuse it, but if so please remember to include a link to my script in your sources
- This script is not a magical tool, use at your own risk
RSI ProfileThis indicator shows the RSI profile from historical RSI Value and High / Low RSI Pivots.
It is inspired by the Volume Profile which is a common charting study that indicates activity at specified levels. It plots a histogram on the chart meant to identify dominant/significant levels.
This script is profiling RSI levels into a histogram, which can identify the crucial RSI values in the chart. Along with the pivot options that can help identify the dominant pivot points where RSI values had been rebounding historically.
How to use:
There are three profile types available in the settings. When selecting RSI Values, the indicator will count RSI values from history, and plot the count in a histogram at the end of the chart. If you select RSI Pivots High or RSI Pivots Low, the indicator will count only the RSI Pivot Highs and Lows and plot the count in a histogram. Users can select the Pivot Left/Right length from the settings.
Users can extend the POC line to the left, to study how the values had been reacting to POC
Please note: Since the RSi values range from 0 to 100, the indicator is rounding off the values to absolute numbers. This can cause a situation where multiple POC are identified, to find the unique POC, you can increase the width of the histogram.
The Max/Min RSI settings are for visual purposes only, it can help users shrink down the histogram's top and bottom visibility
RSI 25 + MA 100+Stoch(sma,bb,ema) - by: rpalconitHello everyone,
This indicator uses RSI 25 + MA 100 + Stoch(sma,bb,ema to show buy and sell signals.
Signal Features:
• Buy Signal: It gives a buy signal when the RSI Length 25 bend upward below middle/lower bands and crosses MA 100 .
• Sell Signal: It gives a buy signal when the RSI Length 25 bend downward above middle/upper bands and crosses MA 100 .
• .
• Strong Buy Signal: It gives a strong buy signal when the RSI Length 25 bend upward below lower band and within overbought area of 30
• Storng Sell Signal: It gives a strong sell signal when the RSI Length 25 bend downward below lower band and within oversold area of 70.
You can change RSI length in any of your preference. And the Moving average you can select them from the list such as Simple Moving Average(SMA), Bollinger Bands( BB)and Exponential Moving Average (EMA.
In addition it includes momentum indicator like Stochastic RSI for more confirmation.
Details about the indicator
INPUTS
Time Frame
• Time Frames Chart: You can select your preferred timeframe at the dropdown list.
Relative Strength Index Settings
RSI Length: You can choose your preferred RSI length at the dropdown list.
RSI Source: You can choose your preferred RSI source at the dropdown list.
MA Setting:
1. MA Type: You can choose your preferred MA Type at the dropdown list.
2. MA Length: You can choose your preferred MA Length at the dropdown list.
3. stdDiv: You can choose your preferred the dropdown list.
Stochastic RSI gives you an idea about momentum if reach to the oversold and overbought areas.
Best regards,
ruelpalconit
RSI vs Longs/Shorts Margin Ratio Percentage RankThis indicator plots the RSI of the current token and the percentage rank, of the RSI, of the ratio of a long margined token to a short margined token.
By default it plots the RSI of the current token with a color based on percentage rank the RSI of BITFINEX:BTCUSDLONGS divided by BITFINEX:BTCUSDSHORTS, so the assumption is that you are using it on a BTC chart. While you can select any Tradingview symbol for your Long and Short tokens I don't think you will get meaningful results unless you select a long and short margined token that matches your chart symbol, such as BITFINEX:ETHUSDLONGS and BITFINEX:ETHUSDSHORTS if you're trading ETHUSD. Even using margined tokens the results may not be meaningful, if there is not enough trade volume in the token, or if they are being manipulated, so you must backtest everything.
The three plot options are:
• Colored RSI - RSI plotted with colors based on the Longs/Shorts ratio
• Background Color - White RSI plot with Longs/Shorts ratio as background color
• RSI + Ratio - White RSI with Longs/Shorts ratio plotted in color
The chart shows all three options on an hourly BITFINEX:SOLUSD chart with BITFINEX:SOLUSDSHORTS and BITFINEX:SOLUSDLONGS.
By default it also plots a short term moving average and it can also plot the raw ratio rather than the percentage rank if selected.
This script started out as "RSI vs BITFINEX BTC Longs/Shorts Margin Ratio Percentage Rank" by me. I was interested in the ratio of BITFINEX:BTCUSDLONGS to BITFINEX:BTCUSDSHORTS as a measure of market sentiment and how that sentiment would magnify RSI changes. The volatility of the BTCUSDLONGS : BTCUSDSHORTS ratio was too low to get a good read, using a percent rank of the RSI of the ratio made the results more visible. After a discussion with @jason5480 I saw how opening it up to all margined Long / Short pairs was the best way forward. Unfortunately the name no longer matched the script, so I had to publish a new script.
RSI Scalping & Swing Signals With AlertsThis RSI indicator shows a green or red ribbon when the smoothed RSI is bullish or bearish. It also includes a long moving average for overall trend confirmation. Wait until the ribbon holds above or below the long moving average and take positions in that direction.
To get an easier to read RSI indicator, I smoothed the RSI out and paired it next to a short term RMA. These two together form the ribbon that will show you early reversals and trend direction. The long moving average is used as an overall trend detector and confirmation for longer term trends.
***HOW TO USE***
Scalping: Enter longs when the ribbon turns green and enter shorts when the ribbon turns red. Exit positions when the ribbon turns the opposite color or crosses the long moving average.
Swing Trading: When the ribbon holds above the long moving average or breaks out and retests it, look for long positions and exit when the ribbon turns red or crosses the long moving average. When the ribbon holds below the long moving average or breaks down and retests it, look for short positions and exit when the ribbon turns green or crosses the long moving average.
***DETAILS***
This indicator gives early reversal signals very well and waiting for the RSI ribbon to cross the long moving average helps to get you into positions when the market is ready to really move while filtering out some of the noise.
The ribbon and background will change to green or red depending on whether it is currently bullish or bearish.
There is also a label that changes colors and tells you if RSI is bullish or bearish and also whether the RSI ribbon is above or below the long moving average.
Green or red circles will appear on the indicator when there is a bullish or bearish cross of the RSI ribbon and the long moving average.
It also has alerts that trigger when RSI is turning bullish/bearish or when the RSI ribbon is crossing the long moving average.
***CUSTOMIZATION***
Each piece of this indicator can be customized to suit your preferences including the RSI source, length, smoothing length, short moving average length and long moving average length. You can also turn off the labels, signals and long moving average. All of these settings can be managed within the indicator settings input tab.
***MARKETS***
This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex.
***TIMEFRAMES***
This RSI Scalping & Swing Signals indicator can be used on all timeframes.
***TIPS***
Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are Trend Friend Scalp & Swing Trade Signals, Volume Spike Scanner, Buy & Sell Pressure Volume Profile, and Momentum Scalper in combination with this RSI indicator. They all have real time Bullish and Bearish labels as well so you can immediately understand each indicator's trend.
RSI Failure Swings & AO DivergencesHello!
The script identifies RSI divergences, similar to other public scripts; however, RSI failure swings are also distinguished. When a failure swing is identified, the script calculates the highest RSI measurement (bottom failure swing) or the lowest RSI measurement (top failure swing) between the two RSI pivot points. A continually updating line is plotted at the "fail point" until it is penetrated for two sessions! In addition, the script displays the RSI fail point measurement. RSI bearish divergences are only distinguished when both RSI peaks form above 70. bullish divergences are only distinguished when both RSI troughs form below 30. Top failure swings require the initial RSI peak be above 70, the second RSI peak can form at any measurement. Bottom failure swings require the initial RSI trough be below 30, the second RSI trough can form at any measurement.
Included are Awesome Oscillator divergences. The indicator is a bit tricky; the oscillator does not incorporate an upper or lower extremity. Consequently, the script uses interpolated percentiles to characterize relatively high measurements and relatively low measurements. Bearish divergences that form within the 90th - 99th percentile are distinguished, and bullish divergences that form within the 1 - 10th percentile are distinguished. This can CERTAINLY be changed should you copy the source code and think of something better! For AO, white columns reflect a difference measurement >= 0; black bars reflect a difference measurement < 0
RSI Levels, Multi-TimeframeThe relative strength index (RSI) is a momentum indicator that measures the magnitude of recent price changes to evaluate overbought or oversold conditions. RSI is normally displayed as an oscillator separately from price and can have a reading from 0 to 100. This indicator takes the RSI and plots the 30 & 70 levels onto the price chart so you can see when price is going to meet the 30 or 70 levels. The reason the 30 & 70 levels are important is because many traders (and bots) use those as signals to buy (at 30 RSI) or sell (at 70 RSI). Additionally, this indicator allows you to display not just the RSI levels of your currently viewed timeframe on the chart, but also shows the RSI levels of up to 6 different timeframes on the same chart. This allows you to quickly see if multiple RSI levels are aligning across different timelines, which is an even stronger indication that price is going to change direction when it meets those levels on the chart. There are a lot of nice configuration options, like:
Style customization (color, thickness, size)
Labels on the chart so you can tell which plots are the RSI levels
Optionally display the plot as a horizontal line if all you care about is the RSI level right now
Toggle overbought (RSI 70) or oversold (RSI 30) on/off completely
RSI Divergency and Golden RatioHow to calculate:
Positive mismatch finds the lowest trough within the distance you choose. It then compares it to the current closing value.
If the past low is above the current closing level, it means that the bottoms of the price are descending.
The RSI level at the furthest bottom of the price is detected. And the current RSI level is detected. If the current RSI level is higher than the previous RSI level, there is a positive divergence.
When a positive divergence occurs, a green pole forms above the RSI indicator on the chart.
Negative finds the highest peak level within the distance you choose. It then compares it to the current closing value.
If the past high is below the current close, it means that the highs of the price are rising.
The RSI level at the furthest high of the price is detected. And the current RSI level is detected. If the current RSI level is lower than the previous RSI level, there is negative divergence.
When a negative divergence occurs, a red pole forms above the RSI indicator on the chart.
As can be seen in the image, the points marked with red are the regions where incompatibility occurs. At the same time, the signals that occur when the RSI cuts its own moving average and the signals that occur when the RSI cuts its own golden ratio are also very strong signals.
Waiting for your ideas and comments. I am open to criticism. We can improve.
RSI Signals by HBRELATIVE STRENGTH INDEX (RSI)
This is a tool that is widely used
Especially for Overbought and Oversold systems, but I have made some changes in this indicator,
How to use it...!
I have set it as the default setting
- RSI Length: 7
- Overbought: 70
- Oversold: 30
What is unique about this tool?
we can see 3 conditions:
1) RSI Overbought / Oversold with Bullish Engulfing / Bearish Engulfing
2) RSI Overbought / Oversold with Hammer and Shooting Star
3) RSI Overbought / Oversold with 2 Bullish Bars / 2 Bearish Bars
4) RSI Overbought / Oversold with All Patterns at the same time
When the RSI reaches its Oversold line, the code will wait for Bullish Engulfing pattren , when oversold and Bullish engulfing matched, This indicator will generate a buy signal when the condition is met,
and same as for Bear market, When the RSI reaches its Overbought line, the code will wait for Bearish Engulfing pattren , This indicator will generate a sell/exit signal when the condition is met,
2nd condition is that a Hammer candle will be waited for when RSI touches the Overbought line, for Bullish Move
and Shooting Star candle will be waited for when RSI touches the Overbought line, for Bullish Move, for Bearish Move
3rd Condition is also the same as Condition 1 and Condition 2,
When the RSI reaches its Oversold line, the code will wait for 2 Bullish Bars , when oversold and 2 Bullish Bars matched then this indicator will generate a buy signal, and same as for Bear market,
When the RSI reaches its Overbought line, the code will wait for 2 Bearish Bars , when overbought and 2 Bearish Bars matched then this indicator will generate a Sell signal,
4th Condition is that we can use All Conditions at the same time,
- Bullish Engulfing / Bearish Engulfing
- Hammer and Shooting Star
- 2 Bullish Bars / 2 Bearish Bars
RSI Relative Strength Index 3X - DurbtradeDurbtrade Triple RSI - 3 individual RSI's on 1 indicator, each distinguishable by length, as well as line color, thickness, opacity, and type.
(note: usable line TYPES are limited... try experimenting)
1) RSI's
A) Each RSI can be customized to change color based on RSI vertical direction (default = only RSI #1 changes color).
B) All 3 RSI's use a single Source (default Close).
C) You may customize the length of each RSI individually (I LOVE my default 14, 7, and 3!).
D) RSI #1 is the primary RSI, and is plotted LAST, so that it is drawn ABOVE RSI #2, which is drawn above RSI #3.
2) Horizontal Lines
A) Horizontal lines are also drawn automatically, so you don't have to, and they don't extend past the current bar.
B) There are 11 customizable lines, and each one is set to non-customizable increments (zero, 10, 20, 30, 40, fifty, 60, 70, 80, 90, hundred).
C) The 11 lines are divided into 2 groups:
a) 4 PAIRS of lines WITH fill options (10/90, 20/80, 30/70, 40/60... 8 lines total), and
b) 3 INDIVIDUAL lines WITHOUT fill options (zero, fifty, hundred).
D) The 4 fills give you the option to fill the space between each pair with a customizable color and opacity (the default is what I personally feel is best for each).
3) Conclusion
A) As with my previous indicators, this one maximizes information, discernment, clarity, and customization.
B) It is optimized for your ability to be able to customize a relatively basic but important indicator with ease
for use on your own personal television, laptop, or cellular phone screen setup... and on all chart zoom levels and layouts.
B) And, this being my 3rd script, please feel free to comment, critique, or leave suggestions. I find them helpful!
C) Check out my previous pine scripts if you like this one. They work well together.
D) I hope that you find this useful.
E) Enjoy!
//Durbtrade
RSI Divergence UltimateHere it is Everyone - What was once hidden is now revealed
This is the Ultimate RSI Divergence Indicator
Not only does it plot Regular and Hidden Divergence lines for an RSI smoothed by an EMA and for its Signal Line
The RSI can be set to change color with direction or can be set as single color with or with out OB / OS highlights
Color Changing RSI helps when trading Multiple Time Frames as you can look for confluence in the direction of RSI
Included options for the Signal Line include;
Various calculations EMA, SMA and Linear Regression which provides very accurate signal line crossover signals
Color Changing with direction
Second RSI with different Length
Multi Time Frame RSI
Bollinger Bands applied to the RSI
RSI Stochastic that has been compressed to fit into RSI OB / OS so that it doesnt compress the RSI when in these regions
There are also Background Highlights (thanks to Chris Moody) for when the RSI Stochastic moves into OB / OS and crosses its signal line
There are plenty of Alerts for signals with more complex alerts coming soon
I have also added Hima Reddy's Power Zones for support and resistance so now you can also
Take full advantage of trading; signal line crosses, 50 crosses and Power Zone RSI support and resistance and much more
The divergence script is thanks to @RicardoSantos, I've just adjusted it to suite my indicator
Remember that divergences work best when traded with the trend or very late in a trend when going against the trend
RSI deyvidholnik
📊 Overview
RSI deyvidholnik is an advanced technical indicator that combines the power of traditional RSI (Relative Strength Index) with automatic divergence detection to identify potential market reversal points. This indicator was developed by kingthies and offers clear visual analysis of overbought/oversold conditions along with highly precise divergence signals.
🔧 Key Features
Customizable RSI
Data Source: Configurable (default: close)
Period: Adjustable (default: 14)
Moving Average: Multiple types available (SMA, EMA, SMMA, WMA, VWMA, MMS)
MA Period: Configurable (default: 14)
Divergence Detection
The indicator identifies four types of divergences:
🟢 Bullish Divergence
Occurs when price makes lower lows, but RSI makes higher lows
Indicates possible trend reversal from bearish to bullish
Signaled with green dots on RSI
🔴 Bearish Divergence
Occurs when price makes higher highs, but RSI makes lower highs
Indicates possible trend reversal from bullish to bearish
Signaled with red dots on RSI
🟢 Hidden Bullish Divergence (Optional)
Price makes higher lows while RSI makes lower lows
Confirms continuation of bullish trend
Useful in trending markets
🔴 Hidden Bearish Divergence (Optional)
Price makes lower highs while RSI makes higher highs
Confirms continuation of bearish trend
Useful in trending markets
⚙️ Pivot Settings
Optimized Default Configuration
Right Bars: 1 (quick confirmation)
Left Bars: 5 (noise filtering)
Maximum Bars Between Pivots: 60
Minimum Bars Between Pivots: 3
These settings have been adjusted to provide:
✅ Faster and more responsive signals
✅ Reduction of false signals
✅ Better identification of significant pivots
🎨 Visual Interface
RSI Levels
Line 70: Overbought zone (red)
Line 50: Neutral centerline
Line 30: Oversold zone (green)
Gradient fill: Visually intensifies extreme zones
Graphical Elements
RSI: Main line in white
Moving Average: Smoothed yellow line
Divergence Points: Colored markers on pivots
Background: Subtle fill for better readability
📈 How to Use
For Reversal Trading
Enable only: Bullish and Bearish (default)
Look for: Divergences in overbought/oversold zones
Confirm with: Other indicators or price analysis
For Trend Trading
Enable: Hidden Bull and Hidden Bear
Use in: Markets with clear established trends
Combine with: Market structure analysis
Alert Configuration
The indicator includes automatic alerts for:
⚠️ Bullish Divergence
⚠️ Bearish Divergence
⚠️ Hidden Bullish Divergence
⚠️ Hidden Bearish Divergence
💡 Main Advantages
✅ Automatic Detection: Identifies divergences without manual interpretation
✅ Optimized Configuration: Default values tested for maximum efficiency
✅ Clean Interface: Clear and professional visual
✅ Integrated Alerts: Automatic signal notifications
✅ Flexibility: Multiple customization options
✅ Performance: Optimized code for efficient execution
🎯 Recommended Timeframes
Scalping: 1m, 5m (with more sensitive settings)
Intraday: 15m, 30m, 1h (default configuration)
Swing: 4h, 1D (for medium-term signals)
⚠️ Important Considerations
Not infallible: Always use in conjunction with other analysis methods
Sideways markets: More effective in markets with directional movement
Confirmation: Always wait for signal confirmation before trading
Risk management: Always implement adequate stop-loss and take-profit
RSI Multi-Timeframe Dashboard by giua64)### Summary
This is an advanced dashboard that provides a comprehensive overview of market strength and momentum, based on the Relative Strength Index (RSI) analyzed across 6 different timeframes simultaneously (from 5 minutes to the daily chart).
The purpose of this script is to offer traders an immediate and easy-to-read summary of market conditions, helping to identify the prevailing trend direction, overbought/oversold levels, and potential reversals through divergence detection. All of this is available in a single panel, eliminating the need to switch timeframes on your main chart.
### Key Features
* **Multi-Timeframe Analysis:** Simultaneously monitors the 5m, 15m, 30m, 1H, 4H, and Daily timeframes.
* **Scoring System:** Each timeframe is assigned a score based on multiple RSI conditions (e.g., above/below 50, overbought/oversold status, direction) to quantify bullish or bearish strength.
* **Aggregated Signal:** The dashboard calculates a total percentage score and provides a clear summary signal: **LONG**, **SHORT**, or **WAIT**.
* **Divergence Detection:** Automatically identifies Bullish and Bearish divergences between price and RSI for each timeframe.
* **Non-Repainting Option:** In the settings, you can choose to base calculations on the close of the previous candle (`Use RSI on Closed Candle`). This ensures that past signals (like status and score) do not change, providing more reliable data for analysis.
* **Fully Customizable:** Users can modify the RSI period, overbought/oversold thresholds, divergence detection settings, and the appearance of the table.
### How to Read the Dashboard
The table consists of 6 columns, each providing specific information:
* **% (Total Score):**
* **Header:** Shows the overall strength as a percentage. A positive value indicates bullish momentum, while a negative value indicates bearish momentum. The background color changes based on intensity.
* **Rows:** Displays the numerical score for the individual timeframe.
* **RSI:**
* **Header:** The background color indicates the average of all RSI values. Green if the average is > 50, Red if < 50.
* **Rows:** Shows the real-time RSI value for that timeframe.
* **Signal (Status):**
* **Header:** This is the final operational signal. It turns **🟢 LONG** when bullish strength is high, **🔴 SHORT** when bearish strength is high, and **⚪ WAIT** in neutral conditions.
* **Rows:** Describes the RSI status for that timeframe (e.g., Bullish, Bearish, Overbought, Oversold).
* **Dir (Direction):**
* **Header:** Displays an arrow representing the majority direction across all timeframes.
* **Rows:** Shows the instantaneous direction of the RSI (↗️ for rising, ↘️ for falling).
* **Diverg (Divergence):**
* Indicates if a bullish (`🟢 Bull`) or bearish (`🔴 Bear`) divergence has been detected on that timeframe.
* **TF (Timeframe):**
* Indicates the reference timeframe for that row.
### Advantages and Practical Use
This tool was created to solve a common problem: the need to analyze multiple charts to understand the bigger picture. With this dashboard, you can:
1. **Confirm a Trend:** A predominance of green and a "LONG" signal provides strong confirmation of bullish sentiment.
2. **Identify Weakness:** Red signals on higher timeframes can warn of an impending loss of momentum.
3. **Spot Turning Points:** A divergence on a major timeframe can signal an excellent reversal opportunity.
### Originality and Acknowledgements
This script is an original work, written from scratch by giua64. The idea was to create a comprehensive and visually intuitive tool for RSI analysis.
Any feedback, comments, or suggestions to improve the script are welcome!
**Disclaimer:** This is a technical analysis tool and should not be considered financial advice. Always do your own research and backtest any tool before using it in a live trading environment.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
giua64
borsamercati.it – Educational tools by giua64
Anche su:
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
RSI Divergence Strategy - AliferCryptoStrategy Overview
The RSI Divergence Strategy is designed to identify potential reversals by detecting regular bullish and bearish divergences between price action and the Relative Strength Index (RSI). It automatically enters positions when a divergence is confirmed and manages risk with configurable stop-loss and take-profit levels.
Key Features
Automatic Divergence Detection: Scans for RSI pivot lows/highs vs. price pivots using user-defined lookback windows and bar ranges.
Dual SL/TP Methods:
- Swing-based: Stops placed a configurable percentage beyond the most recent swing high/low.
- ATR-based: Stops placed at a multiple of Average True Range, with a separate risk/reward multiplier.
Long and Short Entries: Buys on bullish divergences; sells short on bearish divergences.
Fully Customizable: Input groups for RSI, divergence, swing, ATR, and general SL/TP settings.
Visual Plotting: Marks divergences on chart and plots stop-loss (red) and take-profit (green) lines for active trades.
Alerts: Built-in alert conditions for both bullish and bearish RSI divergences.
Detailed Logic
RSI Calculation: Computes RSI of chosen source over a specified period.
Pivot Detection:
- Identifies RSI pivot lows/highs by scanning a lookback window to the left and right.
- Uses ta.barssince to ensure pivots are separated by a minimum/maximum number of bars.
Divergence Confirmation:
- Bullish: Price makes a lower low while RSI makes a higher low.
- Bearish: Price makes a higher high while RSI makes a lower high.
Entry:
- Opens a Long position when bullish divergence is true.
- Opens a Short position when bearish divergence is true.
Stop-Loss & Take-Profit:
- Swing Method: Computes the recent swing high/low then adjusts by a percentage margin.
- ATR Method: Uses the current ATR × multiplier applied to the entry price.
- Take-Profit: Calculated as entry price ± (risk × R/R ratio).
Exit Orders: Uses strategy.exit to place bracket orders (stop + limit) for both long and short positions.
Inputs and Configuration
RSI Settings: Length & price source for the RSI.
Divergence Settings: Pivot lookback parameters and valid bar ranges.
SL/TP Settings: Choice between Swing or ATR method.
Swing Settings: Swing lookback length, margin (%), and risk/reward ratio.
ATR Settings: ATR length, stop multiplier, and risk/reward ratio.
Usage Notes
Adjust the Pivot Lookback and Range values to suit the volatility and timeframe of your market.
Use higher ATR multipliers for wider stops in choppy conditions, or tighten swing margins in trending markets.
Backtest different R/R ratios to find the balance between win rate and reward.
Disclaimer
This script is for educational purposes only and does not constitute financial advice. Trading carries significant risk and you may lose more than your initial investment. Always conduct your own research and consider consulting a professional before making any trading decisions.
RSI Oversold ScannerPine Script Description for TradingView Publication
Title: RSI Oversold Scanner (1m, 5m, 15m)
Description:
The RSI Oversold Scanner is a powerful tool designed to identify stocks that are simultaneously oversold on the 1-minute, 5-minute, and 15-minute timeframes, based on the Relative Strength Index (RSI). This script is ideal for traders seeking short-term reversal or momentum opportunities across multiple intraday timeframes.
Key Features:
Multi-Timeframe RSI Analysis: Calculates RSI (default length: 14) on the 1m, 5m, and 15m timeframes and checks if all are below the oversold threshold (default: 30).
Visual Output: Displays a table in the top-right corner showing RSI values and oversold status ("Yes" or "No") for each timeframe, making it easy to verify conditions.
Scan Result: Plots a value of 1 when all three timeframes are oversold, or 0 otherwise, enabling quick identification of matching stocks.
Alert Support: Includes an alert condition that triggers when a stock is oversold on all timeframes, with a customizable message for real-time notifications.
User-Friendly: Built with Pine Script v6 for compatibility and reliability, with clear visual feedback for traders of all levels.
How It Works:
The script uses ta.rsi to compute RSI on the current chart’s timeframe (1m) and request.security to fetch RSI data for the 5m and 15m timeframes.
It checks if RSI is below the oversold level (default: 30) on all three timeframes.
A table displays the RSI values and oversold status for easy debugging.
The Scan Result plot (1 or 0) indicates whether the stock meets the oversold criteria, which can be used for manual scanning or alerts.
Usage Instructions:
Add the script to your chart via Pine Editor.
Use a watchlist to switch between stocks and check the table or Scan Result for oversold conditions.
Set alerts by selecting the script’s Scan Result condition (value = 1) to get notified when a stock is oversold on all timeframes.
Customize the RSI length or oversold level in the script’s code if needed (e.g., change rsiLength or oversoldLevel).
Notes:
Best used on intraday charts (e.g., 1m or higher) with a watchlist for manual scanning, as TradingView’s Stock Screener does not directly support custom Pine Scripts.
Real-time alerts and intraday data may require a TradingView paid plan.
The script uses only two request.security calls, staying well within Pine Script’s limits.
Ideal For:
Day traders and swing traders looking for oversold stocks across multiple intraday timeframes.
Users who want to combine technical analysis with visual and alert-based confirmation.
RSI/MFI Divergence Finder [idahodev]Monitoring RSI (Relative Strength Index) and MFI (Money Flow Index) divergences on a stock or index chart offers several benefits to traders and analysts. Let's break down the advantages:
Comprehensive Market View: Combining both indicators provides a more complete picture of market conditions, as they measure different aspects of price movement. RSI focuses on recent gains/losses relative to price change, while MFI incorporates volume data to assess money flow in and out of a security.
Enhanced Signal Accuracy: When divergences occur simultaneously in both RSI and MFI, it may be considered a stronger signal than if only one indicator showed divergence. This can potentially lead to more reliable trading decisions.
Identification of False Breakouts: Divergences between these indicators and price action can help identify false breakouts or misleading price movements that are not supported by underlying market strength or volume.
More Nuanced Market Understanding: By examining divergent behavior between money flow (MFI) and momentum (RSI), traders gain a more detailed comprehension of the interplay between these factors in shaping market trends.
Early Warning Signs: These divergences can act as early warning signs for potential trend reversals or changes in market sentiment, allowing traders to adjust their strategies proactively.
It's important to note that RSI/MFI divergences should be used as part of a broader trading strategy rather than solely relying on them for buy/sell signals. They can serve as valuable tools for confirming trends, identifying potential turning points, or warning against overbought/oversold conditions.
When using these indicators together, traders must be cautious of false signals, especially in choppy markets or during periods of high volatility. It's crucial to combine this analysis with other technical and fundamental factors before making trading decisions.
In summary, monitoring RSI/MFI divergences may offer a way to gain insights into the underlying strengths and weaknesses of market movements.
This utility differs from other in that it allows for a choke/threshold/sensitivity setting to help weed out noisy signals. This needs to be carefully adjusted per chart.
It also allows for tuning of the MFI smoothing length (number of bars on the current chart) as well as how many previous bars it will take into consideration when calculating RSI and MFI divergences. It will signal when it sees alignment forming between RSI and MFI divergences in a direction. You will likely need to tune this script's settings every few days or at least anytime there is a change in overall market behavior or sustained volatility.
Ultimately, the goal with this script is to provide an additional level of confirmation of weakness or strength. It should be combined with other indicators such as exhaustion, pivots, supply/demand, trendline breaks or tests, and structure changes, to name a few complementary tools or strategies. It's not meant to be a standalone buy/sell signal indicator!
Here are some settings for futures that may help you get started:
ES (4m chart)
RSI Length: 26
MFI Length: 8
MFI Smoothing Length: 32
Divergence Sensitivity: 124
Left Bars for Pivot: 10
Right Bars for Pivot: 1
NQ (4m chart)
RSI Length: 14
MFI Length: 14
MFI Smoothing Length: 21
Divergence Sensitivity: 400
Left Bars for Pivot: 21
Right Bars for Pivot: 1
YM (4m chart)
RSI Length: 14
MFI Length: 14
MFI Smoothing Length: 21
Divergence Sensitivity: 810
Left Bars for Pivot: 33
Right Bars for Pivot: 1
RSI Momentum [CrossTrade]The RSI Momentum indicator generates buy and sell signals based on the Relative Strength Index (RSI) crossing specific thresholds. The Key difference is that we're using RSI overbought and oversold readings as the foundation for finding continuation signals in the same direction of that momentum. This solves the issue of trying to buy the bottom or sell the top and offsets any oscillators main weakness, divergence and false signals in a strong trend.
Key Parameters:
RSI Length: Determines the calculation period for the RSI.
Overbought Threshold: The RSI level above which the asset is considered overbought.
Momentum Loss Threshold for Buy: The RSI level below which a loss in upward momentum is indicated, triggering a potential buy signal.
Oversold Threshold: The RSI level below which the asset is considered oversold.
Momentum Loss Threshold for Sell: The RSI level above which a loss in downward momentum is indicated, triggering a potential sell signal.
Allow Additional Retracement Signals: A toggle to allow more than one signal within a certain number of bars after the first signal.
Max Additional Signals: The maximum number of additional signals allowed after the first signal.
Buy Signal Logic:
Initial Signal: Generated when the RSI first exceeds the overbought threshold and then falls below the momentum loss buy threshold. Defaults are 70 for the overbought threshold and 60 for the retracement level.
Additional Signals for Deeper Retracements: If enabled, the script shows additional buy signals within the maximum limit set by Max Additional Signals. These additional signals are shown only if each new signal's bar has a lower low than the previous signal's bar.
Sell Signal Logic:
Initial Signal: Similar to the buy signal, a sell signal is generated when the RSI first drops below the oversold threshold and then rises above the momentum loss sell threshold. Defaults are 30 for the oversold threshold and 40 for the retracement level.
Additional Signals for Deeper Retracements: If enabled, additional sell signals are shown, limited by Max Additional Signals, and only if each new signal's bar has a higher high than the previous signal's bar.
Continuation Signals in Strong Trends:
The script allows for a new series of signals (starting with the first signal again) when the RSI pattern repeats. For buy signals, this means going above the overbought and then below the momentum loss buy threshold. For sell signals, it's dropping below oversold and then above the momentum loss sell threshold.
Alerts:
The script includes alert conditions for both buy and sell signals, which can be configured in the TradingView alerts.
Rsi Long-Term Strategy [15min]Hello, I would like to present to you The "RSI Long-Term Strategy" for 15min tf
The "RSI Long-Term Strategy " is designed for traders who prefer a combination of momentum and trend-following techniques. The strategy focuses on entering long positions during significant market corrections within an overall uptrend, confirmed by both RSI and volume. The use of long-term SMAs ensures that trades are made in line with the broader market trend. The stop-loss feature provides risk management by limiting losses on trades that do not perform as expected. This strategy is particularly well-suited for longer-term traders who monitor 15-minute charts but look for substantial trend reversals or continuations.
Indicators and Parameters:
Relative Strength Index (RSI):
- The RSI is calculated using a 10-period length. It measures the magnitude of recent price changes to evaluate overbought or oversold conditions. The script defines oversold conditions when the RSI is at or below 30 and overbought conditions when the RSI is at or above 70.
Volume Condition:
-The strategy incorporates a volume condition where the current volume must be greater than 2.5 times the 20-period moving average of volume. This is used to confirm the strength of the price movement.
Simple Moving Averages (SMA):
- The strategy uses two SMAs: SMA1 with a length of 250 periods and SMA2 with a length of 500 periods. These SMAs help identify long-term trends and generate signals based on their crossover.
Strategy Logic:
Entry Logic:
A long position is initiated when all the following conditions are met:
The RSI indicates an oversold condition (RSI ≤ 30).
SMA1 is above SMA2, indicating an uptrend.
The volume condition is satisfied, confirming the strength of the signal.
Exit Logic:
The strategy closes the long position when SMA1 crosses under SMA2, signaling a potential end of the uptrend (a "Death Cross").
Stop-Loss:
A stop-loss is set at 5% below the entry price to manage risk and limit potential losses.
Buy and sell signals are highlighted with circles below or above bars:
Green Circle : Buy signal when RSI is oversold, SMA1 > SMA2, and the volume condition is met.
Red Circle : Sell signal when RSI is overbought, SMA1 < SMA2, and the volume condition is met.
Black Cross: "Death Cross" when SMA1 crosses under SMA2, indicating a potential bearish signal.
to determine the level of stop loss and target point I used a piece of code by RafaelZioni, here is the script from which a piece of code was taken
I hope the strategy will be helpful, as always, best regards and safe trades
;)
RSI Strategy with Manual TP and SL 19/03/2024This TradingView script implements a simple RSI (Relative Strength Index) strategy with manual take profit (TP) and stop-loss (SL) levels. Let's break down the script and analyze its components:
RSI Calculation: The script calculates the RSI using the specified length parameter. RSI is a momentum oscillator that measures the speed and change of price movements. It ranges from 0 to 100 and typically values above 70 indicate overbought conditions while values below 30 indicate oversold conditions.
Strategy Parameters:
length: Length of the RSI period.
overSold: Threshold for oversold condition.
overBought: Threshold for overbought condition.
trail_profit_pct: Percentage for trailing profit.
Entry Conditions:
For a long position: RSI crosses above 30 and the daily close is above 70% of the highest close in the last 50 bars.
For a short position: RSI crosses below 70 and the daily close is below 130% of the lowest close in the last 50 bars.
Entry Signals:
Long entry is signaled when both conditions for a long position are met.
Short entry is signaled when both conditions for a short position are met.
Manual TP and SL:
Take profit and stop-loss levels are calculated based on the entry price and the specified percentage.
For long positions, the take profit level is set above the entry price and the stop-loss level is set below the entry price.
For short positions, the take profit level is set below the entry price and the stop-loss level is set above the entry price.
Strategy Exits:
Exit conditions are defined for both long and short positions using the calculated take profit and stop-loss levels.
Chart Analysis:
This strategy aims to capitalize on short-term momentum shifts indicated by RSI crossings combined with daily price movements.
It utilizes manual TP and SL levels, providing traders with flexibility in managing their positions.
The strategy may perform well in ranging or oscillating markets where RSI signals are more reliable.
However, it may encounter challenges in trending markets where RSI can remain overbought or oversold for extended periods.
Traders should backtest this strategy thoroughly on historical data and consider optimizing parameters to suit different market conditions.
Risk management is crucial, so traders should carefully adjust TP and SL percentages based on their risk tolerance and market volatility.
Overall, this strategy provides a structured approach to trading based on RSI signals while allowing traders to customize their risk management. However, like any trading strategy, it should be used judiciously and in conjunction with other forms of analysis and risk management techniques.
RSI Volatility Bands [QuantraSystems]RSI Volatility Bands
Introduction
The RSI Volatility Bands indicator introduces a unique approach to market analysis by combining the traditional Relative Strength Index (RSI) with dynamic, volatility adjusted deviation bands. It is designed to provide a highly customizable method of trend analysis, enabling investors to analyze potential entry and exit points in a new and profound way.
The deviation bands are calculated and drawn in a manner which allows investors to view them as areas of dynamic support and resistance.
Legend
Upper and Lower Bands - A dynamic plot of the volatility-adjusted range around the current price.
Signals - Generated when the RSI volatility bands indicate a trend shift.
Case Study
The chart highlights the occurrence of false signals, emphasizing the need for caution when the bands are contracted and market volatility is low.
Juxtaposing this, during volatile market phases as shown, the indicator can effectively adapt to strong trends. This keeps an investor in a position even through a minor drawdown in order to exploit the entire price movement.
Recommended Settings
The RSI Volatility Bands are highly customisable and can be adapted to many assets with diverse behaviors.
The calibrations used in the above screenshots are as follows:
Source = close
RSI Length = 8
RSI Smoothing MA = DEMA
Bandwidth Type = DEMA
Bandwidth Length = 24
Bandwidth Smooth = 25
Methodology
The indicator first calculates the RSI of the price data, and applies a custom moving average.
The deviation bands are then calculated based upon the absolute difference between the RSI and its moving average - providing a unique volatility insight.
The deviation bands are then adjusted with another smoothing function, providing clear visuals of the RSI’s trend within a volatility-adjusted context.
rsiVal = ta.rsi(close, rsiLength)
rsiEma = ma(rsiMA, rsiVal, bandLength)
bandwidth = ma(bandMA, math.abs(rsiVal - rsiEma), bandLength)
upperBand = ma(bandMA, rsiEma + bandwidth, smooth)
lowerBand = ma(bandMA, rsiEma - bandwidth, smooth)
long = upperBand > 50 and not (lowerBand < lowerBand and lowerBand < 50)
short= not (upperBand > 50 and not (lowerBand < lowerBand and lowerBand < 50))
By dynamically adjusting to market conditions, the RSI trend bands offer a unique perspective on market trends, and reversal zones.
