RSI - ARIEIVhe RSI MAPPING - ARIEIV is a powerful technical indicator based on the Relative Strength Index (RSI) combined with moving averages and divergence detection. This indicator is designed to provide a clear view of overbought and oversold conditions, as well as identifying potential reversals and signals for market entries and exits.
Key Features:
Customizable RSI:
The indicator offers flexibility in adjusting the RSI length and data source (closing price, open price, etc.).
The overbought and oversold lines can be customized, allowing the RSI to signal critical market zones according to the trader’s strategy.
RSI-Based Moving Averages (MA):
Users can enable a moving average based on the RSI with support for multiple types such as SMA, EMA, WMA, VWMA, and SMMA (RMA).
For those who prefer Bollinger Bands, there’s an option to use the moving average with standard deviation to detect market volatility.
Divergence Detection:
Detects both regular and hidden divergences (bullish and bearish) between price and RSI, which can indicate potential market reversals.
These divergences can be customized with specific colors for easy identification on the chart, allowing traders to quickly spot significant market shifts.
Zone Mapping:
The script maps zones of buying and selling strength, filling the areas between the overbought and oversold levels with specific colors, highlighting when the market is in extreme conditions.
Strength Tables:
At the end of each session, a table appears on the right side of the chart, displaying the "Buying Strength" and "Selling Strength" based on calculated RSI levels. This allows for quick analysis of the dominant pressure in the market.
Flexible Settings:
Many customization options are available, from adjusting the number of decimal places to the choice of colors and the ability to toggle elements on or off within the chart.
Search in scripts for "Rsi"
RSI Trail [UAlgo]The RSI Trail indicator is a technical analysis tool designed to assist traders in making informed decisions by utilizing the Relative Strength Index (RSI) and various moving average calculations. This indicator dynamically plots support and resistance levels based on RSI values, providing visual cues for potential bullish and bearish signals. The inclusion of a trailing stop mechanism allows traders to adapt to market volatility, ensuring optimal entry and exit points.
🔶 Key Features
Multiple Moving Average Types: Choose from Simple Moving Average (SMA), Exponential Moving Average (EMA), Weighted Moving Average (WMA), Running Moving Average (RMA), and McGinley Dynamic for diverse analytical approaches.
Configurable RSI Bounds: Tailor the RSI lower and upper bounds to your specific trading preferences, with default settings at 40 and 60.
Signals: The indicator determines bullish and bearish market states and plots corresponding signals on the chart.
Customizable Visualization: Options to display the midline and color candles based on market state enhance visual analysis.
Alerts: Integrated alert conditions notify you of bullish and bearish signals.
🔶 Calculations
The RSI Trail indicator calculates dynamic support and resistance levels using a combination of moving averages and the Relative Strength Index (RSI). It starts by computing a chosen moving average (SMA, EMA, WMA, RMA, or McGinley) over a period of 27 using the typical price (ohlc4).
The indicator then defines upper and lower bounds based on customizable RSI levels (default 40 and 60) and adjusts these bounds using the Average True Range (ATR) to account for market volatility. The upper bound is calculated by adding a volatility-adjusted value to the moving average, while the lower bound is found by subtracting this value. Bullish signals occur when the price crosses above the upper bound, and bearish signals when it falls below the lower bound.
The RSI Trail indicator also can be used to identify pullback opportunities. When the price high/low crosses above/below the calculated upper/lower bound, it indicates a potential pullback, suggesting a favorable point to enter a trade during a pullback.
🔶 Disclaimer
This indicator is for informational purposes only and should not be considered financial advice.
Always conduct your own research and due diligence before making any trading decisions. Past performance is not necessarily indicative of future results.
RSI and MACD Composite ScoreComponents of the Indicator
RSI Settings:
The RSI is set with a length parameter, which can be adjusted by the user but defaults to 14. This measures the speed and change of price movements.
MACD Settings:
The MACD is composed of two lines: the MACD line and the signal line, which are calculated from exponential moving averages (EMAs) of different lengths (fast and slow). The default settings are 9 for the fast length, 26 for the slow length, and 3 for the signal length.
The MACD histogram, which is the difference between the MACD line and the signal line, is also calculated.
Normalization and Combination
RSI Normalization : The RSI values are normalized around 0 by subtracting 50 from the RSI and then dividing by 50. This scaling adjusts the RSI to fluctuate around 0, where positive values indicate strength and negative values indicate weakness relative to the median RSI value of 50.
MACD Normalization : The MACD histogram is normalized by dividing it by the highest absolute value of the histogram over the slow length period. This adjustment scales the MACD histogram to fall between -1 and 1, making it comparable in magnitude to the normalized RSI.
Composite Score Calculation
The composite score is simply the sum of the normalized RSI and the normalized MACD histogram. This results in a combined score that reflects both momentum (from RSI) and trend (from MACD), providing a multifaceted view of market dynamics.
Visualization
The composite score is plotted as an oscillator, with a horizontal zero line that helps identify when the score shifts from positive to negative or vice versa.
The background color changes based on the trend: green if the composite score is above zero (bullish trend) and red if below zero (bearish trend).
RSI Multi Strategies With Overlay SignalsHello everyone,
In this indicator, you will find 6 different entry and exit signals based on the RSI :
Entry into overbought and oversold zones
Exit from overbought and oversold zones
Crossing the 50 level
RSI cross RSI MA below or above the 50 level
RSI cross RSI MA in the overbought or oversold zones
RSI Divergence
With the signals identified, you can create your own strategy . (If you have any suggestions, please mention them in the comments).
Beyond these signals, you can set SL (Stop Loss) and TP (Take Profit) levels to better manage your positions.
SL Methods:
Percentage: The stop loss is determined by the percentage you specify.
ATR : The stop level is determined based on the Average True Range (ATR).
TP Methods:
Percentage: The take profit is determined by the percentage you specify.
RR ( Risk Reward ): The take profit level is determined based on the distance from the stop level.
You can mix and match these options as you like.
What makes the indicator unique and effective is its ability to display the RSI in the bottom chart and the signals, SL (Stop Loss), and TP (Take Profit) levels in the overlay chart simultaneously. This feature allows you to manage your trading quickly and easily without the need for using two separate indicators.
Let's try out a few strategies together.
My entry signal: RSI Entered OS (Oversold) Zone
My exit signal: RSI Entered OB (Overbought) Zone
I'm not using a stoploss for this strategy ("Fortune favors the brave").
Let's keep ourselves safe by adding a stop loss.
I'm adding an ATR-based stop loss.
I think it's better now.
If you have any questions or suggestions about the indicator, you can contact me.
Cheers
RSI AcceleratorThe Relative Strength Index (RSI) is like a fitness tracker for the underlying time series. It measures how overbought or oversold an asset is, which is kinda like saying how tired or energized it is.
When the RSI goes too high, it suggests the asset might be tired and due for a rest, so it could be a sign it's gonna drop. On the flip side, when the RSI goes too low, it's like the asset is pumped up and ready to go, so it might be a sign it's gonna bounce back up. Basically, it helps traders figure out if a stock is worn out or revved up, which can be handy for making decisions about buying or selling.
The RSI Accelerator takes the difference between a short-term RSI(5) and a longer-term RSI(14) to detect short-term movements. When the short-term RSI rises more than the long-term RSI, it typically refers to a short-term upside acceleration.
The conditions of the signals through the RSI Accelerator are as follows:
* A bullish signal is generated whenever the Accelerator surpasses -20 after having been below it.
* A bearish signal is generated whenever the Accelerator breaks 20 after having been above it.
RSI Order Blocks [UAlgo]The "RSI Order Blocks " identifies and visualizes potential order blocks based on the Relative Strength Index (RSI) indicator. These zones may indicating potential support or resistance levels.
🔶 Key Features :
RSI-based Order Block Identification: The script utilizes the RSI indicator to identify potential order blocks. It detects pivot highs and lows in the RSI, which are indicative of potential reversal points, and marks these areas as potential order blocks.
Order Block Visualization: Identified order blocks are visually represented on the chart, making it easy for traders to recognize and interpret these significant price zones. Both bullish and bearish order blocks are differentiated by color, enhancing clarity and ease of analysis. Additionally, within each order block, the RSI value of that block is also shown.
RSI Overbought/Oversold Filter: Optionally, users can apply a filter based on RSI levels to refine the detection of order blocks. This filter prevents the creation of order blocks when the RSI is within specified overbought or oversold conditions (default between 30 and 70), helping traders focus on areas of potentially significant price action.
An Example with the OB/OS Filter Feature Turned Off:
An Example with the OB/OS Filter Feature Turned On:
Mitigation of Broken Order Blocks: Provides flexibility in selecting the mitigation method (based on close or wick) for determining order block breaches.
Customizable Parameters: The script offers a range of customizable parameters to tailor the detection and visualization of order blocks to suit individual trading preferences. Users can adjust parameters such as RSI Length, Order Block Detection Sensitivity, Mitigation Method, and order block style to fine-tune the analysis according to their trading strategy.
🔶 Disclaimer :
Not Financial Advice: This indicator is intended for educational and informational purposes only. It does not constitute financial advice or recommendations to buy, sell, or hold any financial instruments.
Use at Own Risk: Trading involves substantial risk of loss and is not suitable for all investors. Users of this indicator should exercise caution and conduct their own research and analysis before making any trading decisions.
Performance Not Guaranteed: Past performance is not indicative of future results. While the indicator aims to assist traders in analyzing market trends, there is no guarantee of accuracy or success in trading operations.
RSI Missmatch(Divergence) OSC. by Neo_ with Missmatch Alert█ Definition
A divergence or missmatch occurs when an asset’s price is moving opposite to a specific technical indicator or is moving in a different direction from other relevant data. The divergence indicator warns traders and technical analysts of changes in a price trend, oftentimes that it is weakening or changing direction.
Divergence or missmatch can be either positive, signifying the possibility of a move that is higher in the asset’s price, or it can be negative, signifying the possibility of a move that is lower in the asset’s price.
█ Takeaways
Divergence or missmatch often works with other indicators and data. It is usually used by technical analysts and traders when the asset’s price is moving counter to the direction of another indicator.
As mentioned above, positive divergence or missmatch indicates that the price could start rising and usually occurs when the price is moving lower, but while another indicator counters this direction by moving higher. In other words, showing bullish signals.
Negative divergence or missmatch indicates that the price could start declining and usually occurs when the price is moving higher, while another indicator moves lower as well. In other words, showing bearish signals.
█ What to look for
Divergence or missmatch is most often used to track and analyze the momentum in an asset’s price and the odds of a price reversal within the current trend. While using divergence, traders and analysts can decide on whether or not they would like to exit the position or set a stop loss in the case the divergence is negative and prices begin to fall.
█ Limitations
It is best to use divergence or missmatch with the aid of other indicators and analysis tools in order to help identify and confirm trend reversals and major market patterns. Divergence should not be relied on by itself to tell you the pertinent information you need to know as an investor. Risk control is key in your analysis and the fact that divergence is not always present in price reversals should definitely be what pushes you to combine it with other tools and indicators.
Additionally, divergence or missmatch can reflect long-term or short-term changes. When making snap decisions, acting on divergence alone could prove detrimental to your trading. Make sure you have other risk factors applied to your charting and general market analysis.
█ What exactly is RSI Missmatches discrepancies using a lookback period in trading?
In trading, lookback period is the number of periods of historical data used for observation and calculation. It is how far into the past the system looks when trying to calculate the variable under consideration. The concept was based on the fact that history can provide information about the future, and my aim was to predict the periods when trend changes would begin within these periods with the RSI oscillator. But this is only true if you're locked back far enough, not locked any further or less!
We already use the idea of looking back in different aspects of our lives, and even in the world of financial trading it can be used in various ways. Of course you will want to learn more about the concept, so in this article we will cover the following topics:
█ What kind of hindsight is this?
The aim here is to check whether trends will change in certain cycles, so we chose the High + Low / 2 formula as the source. Because no matter how much the prices swing up or down, sometimes the rebound can go further. The aim here is to notice the points where the price leaves a needle at the levels where it oscillates and the slowdown in momentum.
█ What does look-back period mean in trade?
To understand what a lookback period means in trading, you need to ask yourself: What is a lookback period in trading? In financial trading, period refers to the duration of a particular trading session. For example, a one-week period means one full week of trading sessions or five trading days. In 5 trading days, the average time is 120 hours in FX markets and 40 hours in stock markets. Regardless of what happens in these cycles, I prefer to choose a time period of 55 periods. Because I noticed that in all the charts I examined, the cycles generally changed during this time period.
█ Let's talk about the meaning of catching Missmatches
As you know, technical indicators are all a mathematical calculation using historical market data (price, volume, or a combination of both). It shows the behavior of the price better and helps in the analysis of price movement. But the indicator can only serve your intended purpose if you get the lookback time right. What we mean here is the setting parameter that determines how much historical data it will use in its calculation. In other words, it is the retrospective review period.
For example, on the RSI indicator you can set this period to 13 periods (default setting) or even 2 periods. The period you choose can determine what the indicator tells you, which in turn determines the strategy you can create with the indicator. The 13- period RSI gives you information about price momentum, so you can effectively use it to create a momentum strategy. On the other hand, the 2-periods RSI can be used to create a mean reversion strategy. To catch any incompatibilities, I set this period to 55 periods. Nothing more, nothing less!
█ Summary
The missmatch indicator helps traders assess changes in the price trend and indicates when price will move with or against the direction of another indicator. It can be either positive or negative, but it is important to note its limitations and that it should be used with other indicators that can also monitor price trends.
We wish you to identify these incompatibilities in the market in the best way possible... Good luck.
█ Tanım
Bir varlığın fiyatı belirli bir teknik göstergenin tersi yönünde hareket ettiğinde veya diğer ilgili verilerden farklı bir yönde hareket ettiğinde bir sapma veya uyumsuzluk meydana gelir. Farklılık göstergesi, tüccarları ve teknik analistleri fiyat eğilimindeki değişiklikler konusunda uyarır; çoğu zaman zayıflıyor veya yön değiştiriyor.
Farklılık veya uyumsuzluk, varlığın fiyatında daha yüksek bir hareket olasılığını işaret ederek pozitif olabilir veya varlığın fiyatında daha düşük bir hareket olasılığını işaret ederek negatif olabilir.
█ Çıkarımlar
Farklılık veya uyumsuzluk çoğu zaman diğer göstergeler ve verilerle de çalışır. Genellikle teknik analistler ve yatırımcılar tarafından varlığın fiyatı başka bir göstergenin yönünün tersine hareket ettiğinde kullanılır.
Yukarıda bahsedildiği gibi pozitif sapma veya uyumsuzluk, fiyatın yükselmeye başlayabileceğini gösterir ve genellikle fiyat düşerken meydana gelir, ancak başka bir gösterge bu yöne yükselerek karşı koyar. Başka bir deyişle yükseliş sinyalleri veriyor.
Negatif sapma veya uyumsuzluk, fiyatın düşmeye başlayabileceğini gösterir ve genellikle fiyat yükselirken başka bir gösterge de düşerken meydana gelir. Başka bir deyişle düşüş sinyalleri veriyor.
█ Nelere bakılmalı
Farklılık veya uyumsuzluk çoğunlukla bir varlığın fiyatındaki momentumu ve mevcut trend içinde fiyatın tersine dönme olasılığını izlemek ve analiz etmek için kullanılır. Farklılaşmayı kullanırken tüccarlar ve analistler, sapmanın negatif olması ve fiyatların düşmeye başlaması durumunda pozisyondan çıkmak isteyip istemeyeceklerine veya zararı durdurma kararı verip veremeyeceklerine karar verebilirler.
█ Sınırlamalar
Trend dönüşlerini ve ana piyasa modellerini tanımlamaya ve doğrulamaya yardımcı olmak için diğer göstergeler ve analiz araçlarının yardımıyla sapmayı veya uyumsuzluğu kullanmak en iyisidir. Bir yatırımcı olarak bilmeniz gereken ilgili bilgileri size söylemesi için farklılığa tek başına güvenilmemelidir. Risk kontrolü analizinizin anahtarıdır ve fiyat dönüşlerinde farklılığın her zaman mevcut olmaması gerçeği kesinlikle sizi onu diğer araç ve göstergelerle birleştirmeye iten şey olmalıdır.
Ek olarak, farklılık veya uyumsuzluk uzun vadeli veya kısa vadeli değişiklikleri yansıtabilir. Ani kararlar verirken yalnızca farklılıklara göre hareket etmek ticaretinize zarar verebilir. Grafiğinize ve genel piyasa analizinize başka risk faktörlerinin uygulandığından emin olun.
█ Ticarette yeniden inceleme dönemi kullanan RSI Missmatches tutarsızlıkları tam olarak nedir?
Ticarette yeniden inceleme süresi, gözlem ve hesaplama için kullanılan geçmiş verilerin dönemlerinin sayısıdır. Söz konusu değişkeni hesaplamaya çalışırken sistemin ne kadar geçmişe baktığıdır. Konsept tarihin geleceğe dair bilgi verebileceği gerçeği üzerine kuruluydu ve amacım RSI osilatörü ile bu dönemler içerisinde trend değişimlerinin başlayacağı dönemleri tahmin etmekti. Ancak bu yalnızca yeterince geriye kilitlenmişseniz geçerlidir, daha fazla veya daha az kilitlenmemişseniz!
Geriye bakma fikrini hayatımızın farklı yönlerinde zaten kullanıyoruz ve hatta finansal ticaret dünyasında bile bu fikir çeşitli şekillerde kullanılabilir. Elbette konsept hakkında daha fazla bilgi edinmek isteyeceksiniz, bu nedenle bu yazıda aşağıdaki konuları ele alacağız:
█ Bu nasıl bir sonradan görmedir?
Burada amaç belli döngülerde trendlerin değişip değişmeyeceğini kontrol etmek olduğundan kaynak olarak Yüksek + Düşük / 2 formülünü seçtik. Çünkü fiyatlar ne kadar yukarı veya aşağı hareket ederse etsin bazen toparlanma daha da ileri gidebiliyor. Burada amaç fiyatın salınım yaptığı seviyelerde iğne bıraktığı noktaları ve momentumdaki yavaşlamayı fark etmektir.
█ Ticarette geriye bakma süresi ne anlama geliyor?
Ticarette yeniden inceleme süresinin ne anlama geldiğini anlamak için kendinize şu soruyu sormanız gerekir: Ticarette yeniden inceleme süresi nedir? Finansal ticarette dönem, belirli bir ticaret seansının süresini ifade eder. Örneğin, bir haftalık dönem, bir tam haftalık işlem seansı veya beş işlem günü anlamına gelir. 5 işlem gününde ortalama süre döviz piyasalarında 120 saat, borsalarda ise 40 saattir. Bu döngülerde ne olursa olsun 55 periyotluk bir zaman dilimini seçmeyi tercih ediyorum. Çünkü incelediğim tüm grafiklerde bu zaman diliminde döngülerin genel olarak değiştiğini fark ettim.
█ Kaçak Eşleşmeleri yakalamanın anlamı hakkında konuşalım
Bildiğiniz gibi teknik göstergeler, geçmiş piyasa verileri (fiyat, hacim veya her ikisinin birleşimi) kullanılarak yapılan matematiksel hesaplamalardır. Fiyatın davranışını daha iyi gösterir ve fiyat hareketinin analizine yardımcı olur. Ancak gösterge yalnızca yeniden inceleme süresini doğru yaparsanız amacınıza hizmet edebilir. Burada kast ettiğimiz, hesaplamasında ne kadar geçmiş veri kullanacağını belirleyen ayar parametresidir. Bir başka deyişle geriye dönük inceleme dönemidir.
Örneğin RSI göstergesinde bu süreyi 13 döneme (varsayılan ayar) ve hatta 2 döneme ayarlayabilirsiniz. Seçeceğiniz dönem, göstergenin size ne söyleyeceğini belirleyebilir ve bu da gösterge ile oluşturabileceğiniz stratejiyi belirler. 13 dönemlik RSI size fiyat momentumu hakkında bilgi verir, böylece onu bir momentum stratejisi oluşturmak için etkili bir şekilde kullanabilirsiniz. Öte yandan, ortalamaya dönüş stratejisi oluşturmak için 2 dönemlik RSI kullanılabilir. Herhangi bir uyumsuzluğu yakalamak için bu periyodu 55 periyoda ayarladım. Ne fazla ne eksik!
█ Özet
Uyumsuzluk göstergesi, yatırımcıların fiyat eğilimindeki değişiklikleri değerlendirmesine yardımcı olur ve fiyatın ne zaman başka bir göstergenin yönüne göre veya ona karşı hareket edeceğini gösterir. Olumlu ya da olumsuz olabilir, ancak sınırlamalarına dikkat etmek ve fiyat eğilimlerini de izleyebilecek diğer göstergelerle birlikte kullanılması gerektiğini unutmamak önemlidir.
Piyasadaki bu uyumsuzlukları en iyi şekilde tespit etmenizi dileriz... Bol Kazançlar.
RSI Levels On Chart [MisterMoTA]The values of the RSI Levels On Chart are calculated using Reverse Engineering RSI calculations by Giorgos Siligardos, Ph.D.
Instead of using only the 50 line of the RSI on chart I added options for users to define the Extreme Overbought and Oversold values, also simple Oversold and Overbought values, start of Bullish and Bearish zones and the 50 rsi value.
With the RSI Levels On Chart users are able to see on chart the price that a candles need to close for a certain value of the RSI. E.g. what price is needed for the RSI to be at oversold 30 or what would be the price when rsi will cross the 50 line.
The script has the 50 line color coded that will turn red when the line falling and will change to the user input color when it will be rising, helping users to see fast the clear trend of any asset on any timeframe from 1 second to 12 months.
I added few alerts for rsi overbought, oversold, extreme overbought and extreme oversold, crossing 50 level, crossing bullish or bearish zones values and also alerts for the 50 line falling or rising.
You can use RSI Levels On Chart as a simple indicator or you can add your favorite oscilator(s) to have a clear view of the trends of the markets, in this demo I added RSI + Divergences + Alerts with a moving average set to 50 RMA.
RSI Market Regime FinderThe Relative Strength Index Market Regime
Imagine the RSI as a tool that helps you figure out if a stock or any other asset is overbought or oversold. It’s like trying to see if a party is too crowded or too empty.
The RSI measures the speed and change of price movements. When it’s high, like above 70, it suggests that the asset might be overbought. Think of it like everyone rushing in to buy the latest cool thing, and maybe it’s getting a bit too popular. On the flip side, if the RSI is low, below 30, it implies that the asset might be oversold. This is like when nobody wants to go to a party, and it might be a good time to check it out because things could pick up.
Now, why does this matter? Well, it gives you a hint about potential reversals in the market. If something is overbought, it might be time for a cool-down, and if it’s oversold, there might be a chance for a comeback. Traders often use RSI to get a sense of whether an asset is in a strong trend or if it’s about to change direction. So, in a nutshell, RSI is like a party meter for the market. It helps you gauge if things are getting too wild or if it’s a bit quiet, giving you a heads-up on potential changes in the market vibe.
Creating the Regime Detection Indicator
A market regime is essentially the prevailing state or condition of the financial markets at a given time. It’s like saying the market can have different modes or phases, just like a person can be happy, sad, or somewhere in between.
Now, these market regimes can be broadly categorized based on trends. Imagine a market in a strong upward trend — everyone’s feeling optimistic, prices are going up, and it’s like a bull (that’s the term for a rising market) is running around.
On the flip side, if the market is in a downtrend, it’s like a bear (that’s the term for a falling market) is dominating. People might be a bit more cautious, prices are dropping, and it’s generally a less optimistic atmosphere.
The tricky part is that markets aren’t always in a clear-cut bull or bear state. Sometimes they’re just moving sideways, not going up or down much. That’s another market regime, often called a “sideways” or “range-bound” market.
The conditions of the creation of the indicator follow these assumptions:
A bullish regime is taking place whenever the RSI is above 50 but below 75 while the last three RSI values were above 46.
A bearish regime is taking place whenever the RSI is below 50 but above 25 while the last three RSI values were below 54.
The script is super simple to use. Basically, whenever the green line is in progress, a bullish regime is taking place, and whenever the red line is in progress, a bearish regime is taking place.
Long strategies fit well within a bullish regime while short strategies fit well within a bearish regime.
All the credit for this script goes to Sofien Kaabar. He graciously provided the code and I'm passing along his work.
RSI and MACD Crossover SignalsBest for Short-Term/Intraday Trading on SPY, TSLA, NVDA
Strategy Concept:
This strategy is designed for short-term trading across various assets and timeframes (Recommend: 1min, 5min, 15min, 1hr, 4hr, 1day). It leverages the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) to identify potential buy and sell signals. The strategy aims to capture moments where the asset's price is likely to experience a reversal or a significant momentum shift.
By combining the RSI and MACD indicators, the strategy seeks to increase the accuracy of identifying potential trend reversals or continuations, taking into account both the momentum and the trend direction of the asset.
RSI (Relative Strength Index) Parameters:
The RSI period is set to 14
Overbought and oversold levels are set at 70 and 30, respectively
The RSI is used to identify potential reversal points when the asset is overbought or oversold
MACD (Moving Average Convergence Divergence) Parameters:
The MACD settings are configured with a fast length of 8, a slow length of 34, and a signal smoothing of 8
The MACD line crossing over or under the signal line is used to confirm the potential buy or sell signals indicated by the RSI
Signal Generation Logic:
Buy Signal:
Triggered when the RSI crosses above the oversold level (30).
Confirmed if the MACD line crosses above the signal line within a delay period of up to 4 candles after the RSI signal.
Sell Signal:
Triggered when the RSI crosses below the overbought level (70).
Confirmed if the MACD line crosses below the signal line within a delay period of up to 4 candles after the RSI signal.
Additional Features:
The script includes a notification system that alerts the trader when either a buy or sell signal is detected. The alert signal is combined with both the buy and sell signal in 1 so people without premium can be alerted when any signal appears.
Buy signals are visually represented on the chart below the price bars with a green "BUY" label.
Sell signals are indicated above the price bars with a red "SELL" label.
Usage and Application:
This strategy is versatile and recommended to be played with scalps and day trades. I prefer SPY 0DTE on the 1 and 5 minute timeframe and looking for bigger trend reversals on the 1hr, 4hr, and 1 day timeframe.
RSI Heatmap Screener [ChartPrime]The RSI Heatmap Screener is a versatile trading indicator designed to provide traders and investors with a deep understanding of their selected assets' market dynamics. It offers several key features to facilitate informed decision-making:
█ Custom Asset Selection:
The user can choose up to 30 assets that you want to analyze, allowing for a tailored experience.
█ Adjustable RSI Length:
Customize your analysis by adjusting the RSI length to align with your trading strategy.
█ RSI Heatmap:
The heatmap feature uses various colors to represent RSI values:
█ Color coding for labels:
Grey: Signifies a neutral RSI, indicating a balanced market.
Yellow: Suggests overbought conditions, advising caution.
Pale Red: Indicates mild overbought conditions in a strong area.
Bright Red: Represents strong overbought conditions, hinting at a potential downturn.
Pale Green: Signals mild oversold conditions with signs of recovery.
Dark Green: Denotes full oversold conditions, with potential for a bounce.
Purple: Highlights extremely oversold conditions, pointing to an opportunity for a relief bounce.
█ Levels:
Central Plot and Zones: The central plot displays the average RSI of the selected assets, offering an overview of market sentiment. Overbought and oversold zones in red and green provide clear reference points.
█ Hover Labels:
Hover over an asset to access details on various indicators like VWAP, Stochastic, SMA, TradingView ranking, and Volume Rating. Bullish and bearish indicators are marked with ticks and crosses, and a fire emoji denotes heavily overextended assets.
█ TradingView Ranking:
Utilize the TradingView ranking metric to assess an asset's performance and popularity.
Thank you to @tradingview for this ranking metric.
█ Volume Rating:
Gain insights into trading volumes for more informed decision-making.
█ Oscillator at the Bottom:
The RSI average for the entire market, presented in a normalized format, offers a broader market perspective. Green indicates a favorable buying area, while red suggests market overextension and potential short or sell opportunities.
█ Heatmap Visualization:
Historical RSI values for each selected asset are displayed. Red indicates overbought conditions, while green signals oversold conditions, helping you spot trends and potential turning points.
This screener is designed to make entering the market simpler and more comprehensive for all traders and investors.
RSI Divergence SmoothedRSI Divergence Smoothed
This indicator is based on the RSI Divergence indicator by @InvestitoreComune.
The "RSI Divergence Smoothed" is a custom technical indicator designed to highlight divergence between two RSI (Relative Strength Index) lines: a fast RSI and a slow RSI. The divergence is then visualized on the chart, assisting traders in recognizing potential market reversals and trend continuation.
Here's a breakdown of its smoothing options added:
1. **WMA Difference**: The indicator first computes a weighted moving average (WMA) difference, which takes the difference between the WMA of half the input length and the WMA of the full length.
2. **Hull Moving Average (HMA)**: The indicator can use the HMA as a filter. HMA combines the benefits of a simple moving average and a linear weighted moving average, aiming to be faster in response to price changes.
3. **Sine Weighted Moving Average (SWMA)**: Another filter option, SWMA, weighs the data points by the sine of their position in the data set, giving more weight to the central data points.
4. **Kaufman's Adaptive Moving Average (KAMA)**: KAMA adapts to price volatility and can also be used as a filter. It's especially useful in choppy markets, adjusting the smoothing constant based on the relative volatility of the price series.
5. **Gaussian Moving Average (GMA)**: This filter uses a Gaussian kernel to weigh the data points, emphasizing the more recent data while giving lesser importance to older data. It helps smooth out the price data, potentially eliminating some of the noise.
I've personally found the KAMA smoothing to be most helpful but keen to hear of anyone's personal experiences and recommendations.
RSI divergence computations are based on the filtered price (or raw price if no filter is chosen) - the indicator calculates two RSIs:
- Fast RSI: With a default length of 5 periods.
- Slow RSI: With a default length of 14 periods.
The core functionality of this indicator is to compute the divergence between the Fast and Slow RSI. The divergence is plotted on the chart, with the color indicating its direction: white for positive divergence and red for negative.
RSI Momentum TrendThe "RSI Momentum Trend" indicator is a valuable tool for traders seeking to identify momentum trends.
By utilizing the Relative Strength Index (RSI) and customizable momentum thresholds, this indicator helps traders spot potential bullish and bearish signals.
you can adjust input parameters such as the RSI period, positive and negative momentum thresholds, and visual settings to align with their trading strategies.
The indicator calculates the RSI and evaluates two momentum conditions: positive and negative.
The positive condition considers the previous RSI value, current RSI value, and positive change in the 5-period exponential moving average (EMA) of the closing price.
The negative condition looks at the current RSI value and negative change in the 5-period EMA.
Once a momentum condition is met, the indicator visually represents the signal on the chart.
The "RSI Momentum Trend" indicator provides you with a quick and effective way to identify momentum trends using RSI calculations.
By incorporating visual cues and customizable parameters, it assists traders in making informed decisions about potential market movements.
RSI Divergences on price chart - Open Source CodeHello Traders,
I have some exciting news to share with you all! Recently, I came across an incredible RSI divergences indicator developed by Socrate_FR. This indicator, in my opinion has an exceptional accuracy in detecting RSI divergences. However, during my exploration of other indicators in the TradingView library that display signals on the price chart, I found that many of them were often unreliable and missed out on important divergences.One such example is the Prices / RSI Divergences Detector by vtllr. Although vtllr did an amazing job with the indicator, I noticed that it didn't capture several relevant divergences accurately.
This observation inspired me to enhance the most accurate RSI divergences indicator available by showcasing the signals directly on the price chart. By doing so, I aimed to address the issue of unreliable and missed divergences in other price chart indicators. With this enhanced version, you can now effortlessly identify and track RSI regular divergences on the price chart itself:
-Regular bullish divergence occurs when the price forms lower lows while the RSI indicator forms higher lows. It suggests a potential bullish reversal (green line plot)
-Regular bearish divergence occurs when the price forms higher highs while the RSI indicator forms lower highs. It suggests a potential bearish reversal (red line plot)
Another key mofication:
This Indicator introduces a simpler approach compared to the original Socrate indicator. While Socrate differentiated divergences into eight types for both bullish and bearish scenarios, our enhanced version focuses on two distinct categories: small and big divergences. This decision was made to provide a clearer and more user-friendly experience. By condensing the divergence types into two groups, traders can easily identify and analyze the significance of the divergences without getting overwhelmed by excessive variations. The small divergences represent relatively minor divergences, while the big divergences indicate stronger and more significant signals.
-Small divergences represent relatively minor divergences (plotshape small circle)
-Big divergences indicate stronger signals (plotshape big circle)
I firmly believe that this enhanced RSI Divergences Indicator will be an invaluable tool for traders who rely on RSI analysis in their trading strategies. It combines the accuracy of Socrate_FR's original indicator with the enhanced visibility of signals on the price chart, ensuring you never miss any important divergences.
If you're interested in trying out this enhanced version of the indicator, please feel free to access the open-source code. If you want to visit and try the original version of the code visit Socrate_FR profile.
www.tradingview.com
Keep attention!
It is important to note that no trading indicator or strategy is foolproof, and there is always a risk of losses in trading. While this indicator may provide useful information for making conclusions, it should not be used as the sole basis for making trading decisions. Traders should always use proper risk management techniques and consider multiple factors when making trading decisions.
Support us:)
If you find this new indicator helpful in your trading analysis, I would greatly appreciate your support! Please consider to follow, giving it a like, leaving feedback, or sharing it with your trading network. Your engagement will not only help me improve this tool but will also help other traders discover it and benefit from its features. Thank you for your support!
RSI is in Normal Distribution?Does RSI Follow a Normal Distribution?
The value of RSI was converted to a value between 0~2, 2~4, ..., 98~100, and the number of samples was graphed.
The Z values are expressed so that the values corresponding to 30 and 70 of the RSI can be compared with the standard normal distribution.
Additionally, when using the RSI period correction function of the 'RSI Candle Advanced V2' indicator that I made before, it shows no change in standard deviation.
RSI는 정규분포를 따를까요
RSI의 값을 0~2, 2~4, ..., 98~100 사이 값으로 변환하고 그 표본 갯수를 그래프로 표현하였습니다.
Z 값은 RSI의 30, 70에 해당하는 값을 표준정규분포와 비교할 수 있도록 표현하였습니다.
추가적으로 제가 예전에 만들었던 'RSI Candle Advanced V2' 지표의 RSI 기간 보정 함수를 사용할 경우 표준편차의 변화가 없음을 보입니다.
Rsi strategy for BTC with (Rsi SPX)
I hope this strategy is just an idea and a starting point, I use the correlation of the Sp500 with the Btc, this does not mean that this correlation will exist forever!. I love Trading view and I'm learning to program, I find correlations very interesting and here is a simple strategy.
This is a trading strategy script written in Pine Script language for use in TradingView. Here is a brief overview of the strategy:
The script uses the RSI (Relative Strength Index) technical indicator with a period of 14 on two securities: the S&P 500 (SPX) and the symbol corresponding to the current chart (presumably Bitcoin, based on the variable name "Btc_1h_fixed"). The RSI is plotted on the chart for both securities.
The script then sets up two trading conditions using the RSI values:
A long entry condition: when the RSI for the current symbol crosses above the RSI for the S&P 500, a long trade is opened using the "strategy.entry" function.
A short entry condition: when the RSI for the current symbol crosses below the RSI for the S&P 500, a short trade is opened using the "strategy.entry" function.
The script also includes a take profit input parameter that allows the user to set a percentage profit target for closing the trade. The take profit is set using the "strategy.exit" function.
Overall, the strategy aims to take advantage of divergences in RSI values between the current symbol and the S&P 500 by opening long or short trades accordingly. The take profit parameter allows the user to set a specific profit target for each trade. However, the script does not include any stop loss or risk management features, which should be considered when implementing the strategy in a real trading scenario.
RSI TREND FILTERRSI TREND Filter on Chart
RSI scaled to fit on chart instead of oscillator, Trend Analysis is easy and Hidden Divergence is revealed using this indicator. This indicator is an aim to reduce confusing RSI Situations. The Oversold and Overbought lines help to determine the price conditions so its easy to avoid Traps.
Oversold and Overbought conditions are marked on Chart to make it useful to confirm a Buy or Sell Signals.
RSI 50 level is plotted with reference to EMA50 and Oversold and Overbought Conditions are calculated accordingly.
Uptrend: RSI Cloud / Candles above RSI 50 Level
Down Trend: RSI Cloud / Candles below RSI 50 Level
Sideways : Candles in the Gray Area above and below RSI 50 Level
Default RSI (14) : is the Candlestick pattern itself
Disclaimer: Use Solely at your own Risk.
RSI Divergence Strategywhat is "RSI Divergence Strategy"?
it is a RSI strategy based this indicator:
what it does?
it gives buy or sell signals according to RSI Divergences. it also has different variables such as "take profit", "stop loss" and trailing stop loss.
how it does it?
it uses the "RSI Divergence" indicator to give signal. For detailed information on how it works, you can visit the link above. The quantity of the inputs is proportional to the rsi values. Long trades are directly traded with "RSI" value, while short poses are traded with "100-RSI" value.
How to use it?
The default settings are for scalp strategy but can be used for any type of trading strategy. you can develop different strategies by changing the sections. It is quite simple to use.
RSI length is length of RSİ
source is source of RSİ
RSİ Divergence lenght is length of line on the RSI
The "take profit", "stop" and "trailing stop" parts used in the "buy" group only affect buys. The "sell" group is similarly independent of the variables in the "buy" group.
The "zoom" section is used to enlarge or reduce the indicator. it only changes the appearance, it does not affect the results of the strategy.
RSI DivergenceWhat is "RSI Divergence"?
"RSI Divergence" is a indicator that find RSI divergence automatically.
What it does?
When it finds an RSI divergence, it draws a line on the indicator.
How it does it?
The lines are found using the least squares method. If the signs of the linear regression on the graph and the linear regression plotted on the RSI are different, this is considered divergence.
How to use it?
RSI lenght = RSI lenght
source = source of RSI
RSI Divergence Lenght = lenght of lines that draws on indicator
zoom = zoom
examples:
RSI Reborn [New Formula]A unique non-standard RSI formula with my extensions.
The indicator is displayed without delays and repaints, immediately after the close of the candle.
This formula allows me to correctly include the moving average in the calculation. The calculation allows me to display RSI with any type of MA.
By default I use EMA, with this type of MA my RSI is not visually different from a regular RSI.
I have 11 types of RSI to choose from:
'EMA'
'ALMA'
'RMF'
'TilsonT3'
'ARSI'
'RMA'
'SMA'
'VWMA'
'WMA'
'WWMA'
'ZEMA'
You also have a choice of RSI display:
As candlesticks and as a simple line.
You can adjust the colors in the Style tab.
When you select 'Candles' type, you can make the wicks transparent if they bother you.
I also added a source selection. By default, any RSI uses the Close source.
But you can choose any of 15:
VWAP, Close, Open, HL2, HLC3, OHLC4, Volume, High, Low, vwap(Close), vwap(Open), vwap(High), vwap(Low), AVG(vwap(H,L)), AVG(vwap(O,C)).
Additional extensions:
Additional RSI added.
By default, the extra RSI is twice as long as the regular RSI. Despite the value of 14. The "Multiple of Current TF" function allows calling RSI from a timeframe twice as long as the current one, if it is equal to 2. If it is equal to 3, then it will be 3 times longer than the current timeframe. And so on.
An additional moving average has been added.
You can use it as an ordinary additional line. Or leave it as Cloud by default.
A unique oversold/oversold formula in the form of small red/green dots has been added.
Bolinger Bands feature has also been added.
RSI/RSX QQE Histogram w/ Discontinued Signal Line [Loxx]QQE Histogram w/ Discontinued Signal Line is a run-of-the-mill Qualitative Quantitative Estimation (QQE) calculation but with a signal line to better filter and identify trends. The thicker white line is the QSL and appears as a simple EMA. The two thin white lines are the fast and slow trends. The histogram changes color based on the DSL levels. This version of QQE also includes two different versions of RSI: Wilders and Jurik's RSX.
What is Qualitative Quantitative Estimation (QQE)?
The Qualitative Quantitative Estimation (QQE) indicator works like a smoother version of the popular Relative Strength Index ( RSI ) indicator. QQE expands on RSI by adding two volatility based trailing stop lines. These trailing stop lines are composed of a fast and a slow moving Average True Range (ATR).
What is Wilders' RSI?
The Relative Strength Index (RSI) is a well versed momentum based oscillator which is used to measure the speed (velocity) as well as the change (magnitude) of directional price movements. Essentially RSI , when graphed, provides a visual mean to monitor both the current, as well as historical, strength and weakness of a particular market. The strength or weakness is based on closing prices over the duration of a specified trading period creating a reliable metric of price and momentum changes. Given the popularity of cash settled instruments (stock indexes) and leveraged financial products (the entire field of derivatives); RSI has proven to be a viable indicator of price movements.
What is RSX?
RSI is a very popular technical indicator, because it takes into consideration market speed, direction and trend uniformity. However, the its widely criticized drawback is its noisy (jittery) appearance. The Jurk RSX retains all the useful features of RSI , but with one important exception: the noise is gone with no added lag.
There are many indicators for many purposes. Some of them are complex and some are comparatively easy to handle. The QQE indicator is a really useful analytical tool and one of the most accurate indicators. It offers numerous strategies for using the buy and sell signals. Essentially, it can help detect trend reversal and enter the trade at the most optimal positions.
Included:
-Toggle on/off bar coloring
RSI BGCOLOR indicatorHi
This is a standard RSI indicator.
It changes the background color to green if the RSI reading is greater than the RSI bullish value and it changes to red if the RSI is below the RSI bearish value.
It will turn black for values between RSI bullish value and RSI bearish value.
You can tweak it to your liking, for example if you'd like to detect long only trades that are above 30 then you set RSI bearish value to 0 and RSI bullish value to 30 and it will only get long signals.
P.S More confirmation indicators will be necessary
[_ParkF]RSI (+ichimoku cloud)RSI
Typical RSI indicators were plotted with candles and expressed wick to resemble a candle chart,
and linear regression was added to predict changes in force intensity,
which allowed us to confirm support and resistance within linear regression .
In addition, divergence signal was marked as an additional basis for the price fluctuation point due to support and resistance .
In other words,
if the diversity signal appears together when the rsi candle is supported and resisted within linear regression ,
this is the basis for predicting that it is a point of change in the existing trend.
Finally, the period value and standard deviation of linear regression can be arbitrarily modified and used.
I hope it will help you with your trading.
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(+ichimoku cloud)
Clouds made of the preceding span 1 and the preceding span 2 of the balance table can predict the trend by displaying the current price balance ahead of the future.
In addition to the role of clouds in the above-described balance sheet, this indicator also shows the cloud band support and resistance of the current RSI value.
일반적인 RSI 지표를 캔들화 하였고 꼬리까지 포함하여 캔들 차트와 유사하게 표현 하고,
캔들화한 RSI 지표에 선형회귀(채널)를 추가 하여 RSI 지표 특유의 힘의 강도의 변화를 지지와 저항으로 확인할 수 있게 해봤습니다.
또한 다이버전스 신호를 추가하여 선형회귀(채널)로 인한 지지와 저항에 따른 가격 변동의 근거로 삼을 수 있습니다.
즉, 선형회귀(채널) 안에서 RSI 캔들이 지지와 저항을 받을 때 다이버전스 신호가 함께 나타난다면 이는 기존 추세의 변화 지점임을
예측해 볼 수 있는 근거가 됩니다.
마지막으로 선형회귀(채널)의 기간값과 표준편차는 임의로 수정하여 사용할 수 있습니다.
당신의 트레이딩에 도움이 되었으면 합니다.
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(+일목균형표의 구름)
일목균형표의 선행스팬1과 선행스팬2로 만들어진 구름은 현재 가격의 균형을 미래에 선행하여 표시하여 추세를 예측해볼 수 있습니다.
본 지표에서는 위에서 설명한 일목균형표의 구름의 역할과 더불어 현 RSI 값의 구름대 지지, 저항 또한 확인해볼 수 있습니다.
* I would like to express my gratitude to zdmre for revealing the linear regression source.
