Multi-Indicator: RSI & Moving AveragesMulti-Indicator: RSI & Moving Averages
Multi-Indicator: RSI & Moving Averages
Multi-Indicator: RSI & Moving Averages
相對強弱指標(RSI)
SCALPING 5MIN MACD & RSI with EMA20-200X: @IMAN_INJ
1. MACD (Moving Average Convergence Divergence)
Displays as a four-colored histogram.
Lime Green: Bullish momentum increasing.
Green: Bullish momentum decreasing.
Maroon: Bearish momentum increasing.
Red: Bearish momentum decreasing.
A zero line is added for trend confirmation.
2. RSI (Relative Strength Index)
Calculates RSI values based on the closing price.
Detects overbought (above 70) and oversold (below 25) zones.
Signals:
"Buy" appears when RSI crosses above 25 (oversold condition).
"Sell" appears when RSI crosses below 70 (overbought condition).
3. Buy/Sell Signal Placement
Signals are plotted on the MACD histogram to align RSI conditions with MACD momentum.
Green Labels: Indicate "Buy" opportunities.
Red Labels: Indicate "Sell" opportunities.
HMA Profit Manager - V1.9Note : Settings should be adjusted according to the selected time frame. Try to find the best setting according to the profitability rate
Overall Functionality
This script combines several trading tools to create a comprehensive system for trend analysis, trade execution, and performance tracking. Users can identify market trends using specific moving averages and RSI indicators while managing profit and loss levels automatically.
Trend Detection and Trade Signals
Hull Moving Averages (HMA):
Two HMAs (a faster one and a slower one) are used to determine the market trend.
A buy signal is generated when the faster HMA crosses above the slower HMA.
Conversely, a sell signal is triggered when the faster HMA crosses below the slower one.
Visual Feedback:
Trend lines on the chart change color to reflect the trend direction (e.g., green for upward trends and red for downward trends).
Trade Levels and Management
Entry, Take-Profit, and Stop-Loss Levels:
When the trend shifts upwards, the script calculates entry, take-profit, and stop-loss levels based on the opening price.
Similarly, for downward trends, these levels are determined for short trades.
Commission Tracking:
Each trade includes a commission cost, which is factored into net profit and loss calculations.
Dynamic Labels:
Entry, take-profit, and stop-loss levels are visually marked on the chart for easier tracking.
Performance Tracking
Profit and Loss Tracking:
The script keeps a running total of profits, losses, and commissions for both long and short trades.
It also calculates the net profit after all costs are considered.
Performance Table:
A table is displayed on the chart summarizing:
The number of trades.
Total profit and loss for long and short positions.
Commission costs.
Net profit.
Fractal Support and Resistance
Dynamic Lines:
The script identifies the most recent significant highs and lows using fractals.
It draws support and resistance lines that automatically update as new fractals form.
Simplified Visuals:
The chart always shows the last two support and resistance lines, keeping the visualization clean and focused.
RSI-Based Signals
Overbought and Oversold Levels:
RSI is used to identify overbought (above 80) and oversold (below 20) conditions.
The script generates buy signals at oversold levels and sell signals at overbought levels.
Chart Indicators:
Arrows and labels appear on the chart to highlight these RSI-based opportunities.
Customization
The script allows users to customize key parameters such as:
Moving average lengths for trend detection.
Take-profit and stop-loss percentages.
Timeframes for backtesting.
Starting capital and commission rates.
Conclusion
This script is a versatile tool for traders, combining trend detection, automated trade management, and visual feedback. It simplifies decision-making by providing clear signals and tracking performance metrics, making it suitable for both beginners and experienced traders.
* The most recently drawn fractals represent potential support and resistance levels. If the price aligns with these levels at the time of entering a trade, it may indicate a likelihood of reversal. In such cases, it’s advisable to either avoid entering the trade altogether or proceed with increased caution.
Predictive Ranges, SMA, RSI strategyThis strategy combines three powerful technical indicators: Predictive Ranges, Simple Moving Average (SMA), and Relative Strength Index (RSI), to help identify potential market entry and exit points.
Key Features:
Predictive Ranges: The strategy utilizes predictive price levels (such as support and resistance levels) to anticipate potential price movements and possible breakouts. These levels act as critical points for making trading decisions.
SMA (Simple Moving Average): A 200-period SMA is incorporated to determine the overall market trend. The strategy trades in alignment with the direction of the SMA, taking long positions when the price is bellow the SMA and short positions when it is above. This helps ensure the strategy follows the prevailing market trend.
RSI (Relative Strength Index): The strategy uses the RSI (14-period) to gauge whether the market is overbought or oversold. A value above 70 signals that the asset may be overbought, while a value below 30 indicates that it might be oversold. These conditions are used to refine entry and exit points.
Entry & Exit Logic:
Long Entry: The strategy enters a long position when the price crosses above the predictive resistance level (UpLevel1/UpLevel2), and RSI is in the oversold region (below 30), signaling potential upward movement.
Short Entry: The strategy enters a short position when the price crosses below the predictive support level (LowLevel1/LowLevel2), and RSI is in the overbought region (above 70), signaling potential downward movement.
Exit Strategy: The exit levels are determined based on the predictive range levels (e.g., UpLevel1, UpLevel2, LowLevel1, LowLevel2), ensuring that trades are closed at optimal levels. A stop loss and take profit are also applied, based on a user-defined percentage, allowing for automated risk management.
Strategy Advantages:
Trend Following : By using SMA and predictive ranges, this strategy adapts to the prevailing market trend, enhancing its effectiveness in trending conditions.
RSI Filtering : The RSI helps avoid trades in overbought/oversold conditions, refining entry signals and improving the likelihood of success.
Customizable : Traders can adjust parameters such as stop loss, take profit, and predictive range levels, allowing them to tailor the strategy to their preferred risk tolerance and market conditions.
This strategy is designed for traders who prefer a combination of trend-following and mean-reversion techniques, with a focus on predictive market levels and essential momentum indicators to improve trade accuracy.
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Dual Spectrum RSI [CHE]Dual Spectrum RSI Indicator
Introduction
The Dual Spectrum RSI Indicator is an innovative and robust tool designed for traders aiming to enhance their market analysis and trading precision. This script leverages multi-timeframe analysis, advanced RSI configurations, and customizable visualization options to provide actionable insights for both trend-following and contrarian strategies.
Key Features
1. Dynamic Timeframe Selection
- Automatically adapts the resolution based on the current chart's timeframe.
- Options to switch between Auto Timeframe, Multiplier-based Timeframe, or Manual Resolution for complete control.
2. Advanced RSI Calculations
- Dual RSI setup for multi-layered analysis:
- Primary RSI for trend identification on the higher timeframe (HTF).
- Secondary RSI for entry signals with oversold/overbought crossovers on the current chart timeframe.
3. EMA Integration on Higher Timeframe (HTF)
- The Exponential Moving Average (EMA) acts as a robust trend filter, calculated on the Higher Timeframe (HTF).
- This ensures that trade signals align with the broader market trend, providing a strategic edge and reducing noise from lower timeframes.
4. Signal Clarity
- Visual labels for Buy and Sell signals directly on the chart.
- Dynamic stop-loss suggestions that adjust based on EMA crossovers and trend changes.
5. Customizable Visualization
- Gradient fills for overbought/oversold zones provide intuitive visual cues.
- User-friendly inputs for adjusting separator lines, color schemes, and label styles.
6. Comprehensive Data Display
- Real-time updates in an Info Box, showing active timeframe settings and resolution.
- Easy-to-understand trend conditions, making it accessible for both novice and professional traders.
Benefits for Traders
1. Precision in Decision-Making
The multi-timeframe capability ensures that traders always have the broader market context, minimizing false signals and enhancing trade accuracy.
2. Flexibility and Customization
Fully adjustable parameters allow traders to tailor the indicator to their unique trading style, whether scalping, day trading, or swing trading.
3. Enhanced Market Insights
By combining HTF trend filters, RSI dynamics, and EMA thresholds, this indicator provides a holistic view of market conditions.
4. User-Friendly Interface
The clean layout and intuitive options make it easy to integrate this tool into any TradingView setup.
5. Increased Confidence in Trades
With visual aids such as labels, gradients, and a trend-detection mechanism, traders can make decisions with greater confidence and less emotional bias.
Example Use Cases
1. Trend-Following Strategy
- Utilize the HTF EMA filter to confirm bullish or bearish trends.
- Enter trades when the secondary RSI crosses oversold/overbought levels in the direction of the trend.
2. Reversal Strategy
- Identify overextended trends using RSI crossovers.
- Look for counter-trend opportunities with precise stop-loss placements.
3. Scalping Setup
- Switch to intraday timeframes and use the multiplier-based resolution to capture short-term market movements.
How to Use
1. Add the script to your TradingView chart by pasting the provided Pine Script code into the Pine Editor.
2. Adjust the Timeframe Type, RSI parameters, and EMA length to align with your trading goals.
3. Monitor the generated signals and use them in conjunction with your broader trading strategy.
Disclaimer
The content provided, including all code and materials, is strictly for educational and informational purposes only. It is not intended as, and should not be interpreted as, financial advice, a recommendation to buy or sell any financial instrument, or an offer of any financial product or service. All strategies, tools, and examples discussed are provided for illustrative purposes to demonstrate coding techniques and the functionality of Pine Script within a trading context.
Any results from strategies or tools provided are hypothetical, and past performance is not indicative of future results. Trading and investing involve high risk, including the potential loss of principal, and may not be suitable for all individuals. Before making any trading decisions, please consult with a qualified financial professional to understand the risks involved.
By using this script, you acknowledge and agree that any trading decisions are made solely at your discretion and risk.
Conclusion
The Dual Spectrum RSI Indicator is not just another technical tool—it's a comprehensive trading companion that adapts to your needs, simplifies market analysis, and boosts your trading performance. Whether you're a beginner or a seasoned trader, this indicator provides the edge you need to succeed in today's dynamic markets.
Try It Today!
Experience the power of multi-timeframe analysis and take your trading to the next level. Add the Dual Spectrum RSI Indicator to your TradingView arsenal now!
Best regards
Chervolino
Custom ATR + RSI with ColorsHow It Works:
ATR Indicator:
ATR is calculated based on the selected smoothing method (RMA, SMA, or EMA).
The ATR line changes color dynamically based on whether it is above or below the user-defined threshold.
A horizontal dotted line marks the threshold level.
RSI Indicator:
RSI is calculated with the chosen smoothing method (SMA or EMA).
The line changes color dynamically based on its value relative to the four user-defined levels.
Includes a middle line (default: 50) to show the neutral RSI zone, displayed as a dashed line.
Custom Timeframes:
Both ATR and RSI can be configured to use the chart’s current timeframe or any custom interval.
How to Use:
Input Parameters:
Adjust ATR and RSI calculation settings, thresholds, levels, and colors in the input menu.
Visualization:
Observe ATR and RSI together on one chart with distinct colors and levels.
Analysis:
Use this combined indicator to identify volatility (ATR) and momentum (RSI) at the same time.
GocchiMulti-Indicator: RSI & Moving Averages
This versatile TradingView indicator combines two essential tools for technical analysis—Relative Strength Index (RSI) and Moving Averages (MAs)—into one comprehensive solution. It is designed for traders seeking flexibility, customization, and efficiency in their charting experience.
Features:
Relative Strength Index (RSI):
Customizable RSI length.
Adjustable overbought and oversold levels.
Selectable source input (e.g., close, open, high, low).
Visual levels for overbought and oversold zones, aiding in quick trend and momentum identification.
Three Moving Averages:
Three independently customizable moving averages.
Options for Simple Moving Average (SMA) or Exponential Moving Average (EMA) for each line.
Adjustable lengths for short-, medium-, and long-term trend tracking.
Visual Enhancements:
Clear, color-coded plots for RSI and each moving average.
Overbought and oversold zones are highlighted with horizontal dotted lines.
Alerts:
Get notified when RSI crosses above the overbought level or below the oversold level.
Alerts help traders stay on top of potential market reversals or breakout opportunities.
Use Cases:
RSI Analysis: Spot overbought or oversold conditions to identify potential reversals.
Trend Following: Use moving averages to confirm trends or identify crossovers for potential entry and exit points.
Custom Strategies: Tailor the settings to fit specific trading styles, such as scalping, swing trading, or long-term investing.
This all-in-one indicator streamlines your analysis by reducing the need for multiple overlays, making your charts cleaner and more actionable. Whether you're a novice or an experienced trader, this tool provides the flexibility and insights you need to succeed in any market condition.
Dual RSIDual RSI Indicator
A powerful momentum indicator that combines two RSIs with different periods to generate more reliable trading signals. This indicator helps identify potential trend reversals and momentum shifts by monitoring the crossovers between fast and slow RSI lines.
Key Features:
• Dual RSI System
• Dynamic Crossover Signals
• Overbought/Oversold Levels
• Visual Background Alerts
• Customizable Parameters
Default Settings:
Fast RSI: 7 periods (More sensitive to price changes)
Slow RSI: 21 periods (Trend confirmation)
Overbought Level: 70
Oversold Level: 30
Signal Generation:
Bullish Signal:
• Fast RSI crosses above Slow RSI
• Green background highlights the crossover
• More significant when occurring near oversold levels
Bearish Signal:
• Fast RSI crosses below Slow RSI
• Red background highlights the crossover
• More significant when occurring near overbought levels
How to Use:
1. Trend Direction:
• Rising RSIs suggest bullish momentum
• Falling RSIs suggest bearish momentum
2. Signal Strength:
• Stronger signals occur near overbought/oversold levels
• Multiple crossovers in the same direction indicate trend strength
3. Divergence:
• Watch for divergence between RSIs and price
• Can indicate potential trend reversals
4. Filter Signals:
• Use overbought/oversold levels to filter trades
• Consider market context and trend
Best Practices:
• Use in conjunction with price action analysis
• More reliable on higher timeframes
• Confirm signals with other technical indicators
• Watch for divergence patterns
• Consider overall market conditions
Tips:
• Adjust RSI lengths as you like
• Lower periods = More signals but more noise
• Higher periods = Fewer signals but more reliable
• Use with trend following strategies
• Great for identifying potential reversal points
Note: This indicator works best when combined with other technical analysis tools and proper risk management strategies.
Credits:
Based on the traditional RSI concept
Enhanced with dual timeframe analysis
Created by
Custom RSI with ColorsHow to Use
Copy the script and paste it into the Pine Script Editor on TradingView.
Save and click "Add to Chart."
Adjust the parameters:
RSI Length: Change the calculation length.
RSI Method: Select between SMA and EMA for smoothing.
Levels and Colors: Define your four RSI thresholds and their corresponding colors.
Custom Timeframe: Specify a timeframe (e.g., 1D, 4H) or leave it blank to use the chart’s timeframe.
Explanation:
The RSI is calculated using the specified smoothing method.
Based on user-defined levels, the RSI line changes color dynamically.
Horizontal lines mark the levels for better visual reference.
Relative Strength Index with EMAĐịnh nghĩa về phương pháp Momentum Dynamic Strategy
Phương pháp Momentum Dynamic Strategy là một hệ thống giao dịch kết hợp các nguyên lý cốt lõi của Lý thuyết Dow về xu hướng và cấu trúc thị trường, cùng với chỉ báo RSI (Relative Strength Index) để đo lường động lượng, được làm mượt bởi một đường EMA (Exponential Moving Average) của chính RSI. Sự giao thoa giữa ba yếu tố này cho phép nhà giao dịch:
Xác định xu hướng và cấu trúc thị trường theo Lý thuyết Dow, qua đó nắm rõ các giai đoạn thị trường đang trong xu hướng tăng, xu hướng giảm hay tích luỹ.
Đo lường và phân tích động lượng (momentum) của xu hướng thông qua RSI, giúp nhận diện sức mạnh hoặc độ “đuối” của xu hướng hiện tại.
Lọc nhiễu và tăng độ chính xác của tín hiệu bằng cách sử dụng EMA để làm mượt đường RSI, từ đó hạn chế tín hiệu sai (false signals) thường gặp trong các thị trường biến động mạnh.
Cách thức hoạt động
Xác định cấu trúc thị trường (Market Structure):
Dựa trên Lý thuyết Dow, thị trường được chia thành các pha xu hướng tăng (Higher High – Higher Low), xu hướng giảm (Lower High – Lower Low) hoặc pha tích luỹ (đi ngang). Việc nhận diện chính xác giúp nhà giao dịch biết được bối cảnh tổng quan và điều chỉnh chiến lược phù hợp.
Đo lường động lượng qua RSI:
RSI là chỉ báo dao động từ 0 đến 100, thể hiện sức mạnh tương đối. RSI càng cao biểu thị lực mua mạnh, và ngược lại. Với Momentum Dynamic Strategy, RSI không chỉ đơn thuần được sử dụng ở các ngưỡng quá mua/quá bán (70/30) mà còn được quan sát trong bối cảnh xu hướng để đánh giá lực đi tiếp hay khả năng đảo chiều.
Sử dụng EMA trên RSI để làm mượt tín hiệu:
Thay vì đọc trực tiếp RSI, phương pháp này áp dụng thêm một đường EMA (thường dùng EMA 9 hoặc EMA 14) trên RSI. Khi RSI cắt lên/cắt xuống EMA của chính nó, hoặc khi EMA của RSI “bẻ hướng”, đó có thể là tín hiệu sớm của sự thay đổi động lượng trong xu hướng.
Kết hợp tín hiệu Mua/Bán:
Tín hiệu Mua (Long Entry): Xuất hiện khi RSI vượt lên trên EMA của nó trong bối cảnh thị trường xác nhận đang trong xu hướng tăng (hoặc vừa phá vỡ cấu trúc giảm).
Tín hiệu Bán (Short Entry): Xuất hiện khi RSI cắt xuống EMA của nó và thị trường đang hoặc mới chuyển sang pha xu hướng giảm.
Ý nghĩa và lợi ích
Tối ưu hoá hiệu quả giao dịch: Xác định đúng xu hướng theo Dow, kết hợp đo lường động lượng qua RSI, sẽ giúp loại bớt các lệnh “ngược sóng”.
Giảm nhiễu, tăng độ tin cậy: Việc dùng EMA trên RSI đóng vai trò lọc tín hiệu sai, nhất là khi thị trường biến động mạnh hoặc có nhiều nhiễu.
Dễ dàng áp dụng: Các yếu tố cốt lõi (Dow, RSI, EMA) đều là những công cụ phổ biến, giúp nhà giao dịch tiếp cận và thực hành phương pháp này một cách nhanh chóng.
EMA MTF Crossover [Two]1m = Scalping Trade 3% chart
Đ = Đảo chiều xu hướng = Swing Trade 5% chart
T = Tiếp diễn xu hướng = Scalp Trade 5% chart
Scalping Strategy RSI & ADX### Description: Scalping Strategy Using RSI & ADX
This Pine Script implements a scalping strategy that leverages the Relative Strength Index (RSI) and the Average Directional Index (ADX) to identify short-term trading opportunities. The strategy is designed for traders who aim to profit from quick price movements in highly volatile markets.
#### Key Components:
1. **RSI (Relative Strength Index):**
- RSI is used to identify overbought and oversold conditions in the market.
- If RSI is below the oversold level (default: 30), the script generates a buy signal.
- If RSI is above the overbought level (default: 70), the script generates a sell signal.
2. **ADX (Average Directional Index):**
- ADX measures the strength of a trend.
- The script only triggers buy or sell signals when ADX is above a specified threshold (default: 25), ensuring trades occur only in strong trending markets.
3. **Combined Logic:**
- A buy condition is met when RSI is below the oversold level and ADX indicates a strong trend.
- A sell condition is met when RSI is above the overbought level and ADX indicates a strong trend.
#### Inputs:
- `RSI Length`: Period for RSI calculation (default: 14).
- `RSI Overbought Level`: Threshold for overbought conditions (default: 70).
- `RSI Oversold Level`: Threshold for oversold conditions (default: 30).
- `ADX Length`: Period for ADX calculation (default: 14).
- `ADX Smoothing`: Smoothing factor for ADX (default: 14).
- `ADX Threshold`: Minimum value for ADX to consider a trend strong (default: 25).
#### Visual Signals:
- Green upward arrows indicate buy signals.
- Red downward arrows indicate sell signals.
#### Strategy Execution:
- The script uses `strategy.entry` to open positions based on the defined conditions.
- It plots RSI and ADX values for additional visual confirmation.
#### How to Use:
1. Apply this script to your TradingView chart.
2. Adjust the input parameters to suit your preferred market and timeframe.
3. Backtest the strategy on historical data to assess its performance.
4. Use in live markets with appropriate risk management measures.
This strategy is ideal for traders who prefer a systematic and rule-based approach to scalping. However, always test and validate the strategy before using it with real funds.
VWAP RSI Crossover StrategyStrategy Concept:
Buy Signal: When the price crosses above the VWAP and the RSI crosses above a certain threshold (e.g., 30).
Sell Signal: When the price crosses below the VWAP and the RSI crosses below a certain threshold (e.g., 70).
VWAP Calculation:
We calculate the VWAP using the ta.vwap(close) function.
RSI Calculation:
The rsi variable is the RSI of the closing price with a length of rsiLength (default 14).
Buy Condition:
The condition for a buy signal is when the price crosses above the VWAP and the RSI is above the rsiOversold level (default 30).
Sell Condition:
The condition for a sell signal is when the price crosses below the VWAP and the RSI is below the rsiOverbought level (default 70).
Alerts:
Alerts are created for buy and sell signals based on the conditions defined above. You can enable these alerts in TradingView for real-time notifications.
Strategy Execution:
The strategy enters a long position when the buy condition is met and closes the position when the sell condition is met.
Money Flow ExtendedMoney Flow Extended (MF)
Definition
The Money Flow Extended (MF) indicator brings together the functionality of the Money Flow Index indicator (MFI) , a tool created by Gene Quong and Avrum Soudack and used in technical analysis for measuring buying and selling pressure, and The Relative Strength Index (RSI) , a well versed momentum based oscillator created by J.Welles Wilder Jr., which is used to measure the speed (velocity) as well as the change (magnitude) of directional price movements.
History
As the Money Flow Index (MFI) is quite similar to The Relative Strength Index (RSI), essentially the RSI with the added aspect of volume, adding a Moving Average, divergence calculation, oversold and overbought gradients, facilitates the transition from RSI, making the use of MFI pretty similar.
What to look for
Overbought/Oversold
When momentum and price rise fast enough, at a high enough level, eventual the security will be considered overbought. The opposite is also true. When price and momentum fall far enough, they can be considered oversold. Traditional overbought territory starts above 80 and oversold territory starts below 20. These values are subjective however, and a technical analyst can set whichever thresholds they choose.
Divergence
MF Divergence occurs when there is a difference between what the price action is indicating and what MF is indicating. These differences can be interpreted as an impending reversal. Specifically, there are two types of divergences, bearish and bullish.
Bullish MFI Divergence – When price makes a new low but MF makes a higher low.
Bearish MFI Divergence – When price makes a new high but MF makes a lower high.
Failure Swings
Failure swings are another occurrence which can lead to a price reversal. One thing to keep in mind about failure swings is that they are completely independent of price and rely solely on MF. Failure swings consist of four steps and are considered to be either Bullish (buying opportunity) or Bearish (selling opportunity).
Bullish Failure Swing
MF drops below 20 (considered oversold).
MF bounces back above 20.
MF pulls back but remains above 20 (remains above oversold)
MF breaks out above its previous high.
Bearish Failure Swing
MF rises above 80 (considered overbought)
MF drops back below 80
MF rises slightly but remains below 80 (remains below overbought)
MF drops lower than its previous low.
Summary
The Money Flow Extended (MF) can be a very valuable technical analysis tool. Of course, MF should not be used alone as the sole source for a trader’s signals or setups. MF can be combined with additional indicators or chart pattern analysis to increase its effectiveness.
Inputs
Length
The time period to be used in calculating the MF. 14 is the default.
Pivot Loopback
After how many bars you want the divergence to show, on the scale of 1-5. 5 is the default.
Calculate Divergence
Calculating divergences is needed in order for divergence alerts to fire.
Moving Average section
You can learn more about the inputs in the "Moving Average" section in this Help Center article .
Style
MF
Can toggle the visibility of the MF as well as the visibility of a price line showing the actual current value of the MF. Can also select the MF Line's color, line thickness and visual style.
MF-based MA
Can toggle the visibility of the MF-based MA as well as the visibility of a price line showing the actual current MA value. Can also select its color, line thickness and line style.
MF Upper Band
Can toggle the visibility of the Upper Band as well as sets the boundary, on the scale of 1-100, for the Upper Band (80 is the default). The color, line thickness and line style can also be determined.
MF Middle Band
Can toggle the visibility of the Middle Band as well as sets the boundary, on the scale of 1-100, for the Middle Band (50 is the default). The color, line thickness and line style can also be determined.
MF Lower Band
Can toggle the visibility of the Lower Band as well as sets the boundary, on the scale of 1-100, for the Lower Band (20 is the default). The color, line thickness and line style can also be determined.
MF Background Fill
Toggles the visibility of a Background color within the MF's boundaries. Can also change the Color itself as well as the opacity.
Overbought Gradient Fill
Can toggle the visibility of the Overbought Gradient Fill. Can also select its colors combination.
Oversold Gradient Fill
Can toggle the visibility of the Oversold Gradient Fill. Can also select its colors combination.
Precision
Sets the number of decimal places to be left on the indicator's value before rounding up. The higher this number, the more decimal points will be on the indicator's value.
CJ - RSI - Daily, Weekly, MonthlyThe Single Indicator to showcase RSI - Daily, Weekly and Monthly Timeframe
Buy/Sell Signals (MACD + RSI) 1HThis is a Pine Script indicator for TradingView that plots Buy/Sell signals based on the combination of MACD and RSI indicators on a 1-hour chart.
Description of the Code:
Indicator Setup:
The script is set to overlay the Buy/Sell signals directly on the price chart (using overlay=true).
The indicator is named "Buy/Sell Signals (MACD + RSI) 1H".
MACD Settings:
The MACD (Moving Average Convergence Divergence) uses standard settings of:
Fast Length: 12
Slow Length: 26
Signal Line Smoothing: 9
The MACD line and the Signal line are calculated using the ta.macd() function.
RSI Settings:
The RSI (Relative Strength Index) is calculated with a 14-period setting using the ta.rsi() function.
Buy/Sell Conditions:
Buy Signal:
Triggered when the MACD line crosses above the Signal line (Golden Cross).
RSI value is below 50.
Sell Signal:
Triggered when the MACD line crosses below the Signal line (Dead Cross).
RSI value is above 50.
Signal Visualization:
Buy Signals:
Green "BUY" labels are plotted below the price bars where the Buy conditions are met.
Sell Signals:
Red "SELL" labels are plotted above the price bars where the Sell conditions are met.
Chart Timeframe:
While the code itself doesn't enforce a specific timeframe, the name indicates that this indicator is intended to be used on a 1-hour chart.
To use it effectively, apply the script on a 1-hour chart in TradingView.
How It Works:
This indicator combines MACD and RSI to generate Buy/Sell signals:
The MACD identifies potential trend changes or momentum shifts (via crossovers).
The RSI ensures that Buy/Sell signals align with broader momentum (e.g., Buy when RSI < 50 to avoid overbought conditions).
When the defined conditions for Buy or Sell are met, visual signals (labels) are plotted on the chart.
How to Use:
Copy the code into the Pine Script editor in TradingView.
Save and apply the script to your 1-hour chart.
Look for:
"BUY" signals (green): Indicating potential upward trends or buying opportunities.
"SELL" signals (red): Indicating potential downward trends or selling opportunities.
This script is simple and focuses purely on providing actionable Buy/Sell signals based on two powerful indicators, making it ideal for traders who prefer a clean chart without clutter. Let me know if you need further customization!
RSI with price volume by TradifyHere’s your RSI script with price volume, cleaned up and optimized:
Features:
RSI Calculation:
Computes RSI based on the user-defined length and source.
Midline (50) Plot:
A reference line at 50 for better RSI analysis.
Fill Visualization:
Highlights areas above 50 (red) and below 50 (aqua) for quick trend assessment.
Moving Averages:
Includes WMA (21, 5) for strength analysis and EMA (3) for price responsiveness.
If you’d like to add or adjust anything, let me know! 😊🙏
Relative Strength with F&O stocks sector automatic mapping Determine the relative strength of a stock vis-a-vis a larger benchmark. Default is NIFTY50.
Key Features:
Sector Mapping: The script identifies the stock's sector using predefined arrays for sector stocks (e.g., healthcareStocks, energyStocks). It maps the stock to its sector index, like NSE:CNXIT for IT stocks.
Relative Strength Calculation: The RS is calculated by comparing the stock's price movements with its sector index or the default index.
Customizable Options:
Period (length) for RS calculation.
Display options like zero line, reference labels, trend color, etc.
Visual Enhancements:
Trend colors for RS crossovers.
Option to show moving averages of RS or price for confirmation.
note:- original author @bharatTrader
Relative Strength with F&O stocks sector automatic mapping Determine the relative strength of a stock vis-a-vis a larger benchmark. Default is NIFTY50.
Key Features:
Sector Mapping: The script identifies the stock's sector using predefined arrays for sector stocks (e.g., healthcareStocks, energyStocks). It maps the stock to its sector index, like NSE:CNXIT for IT stocks.
Relative Strength Calculation: The RS is calculated by comparing the stock's price movements with its sector index or the default index.
Customizable Options:
Period (length) for RS calculation.
Display options like zero line, reference labels, trend color, etc.
Visual Enhancements:
Trend colors for RS crossovers.
Option to show moving averages of RS or price for confirmation.
note:- original author @bharatTrader
original script :
updated by: @Sheladiya_Aakash , @Vijay0388
Nimu Market on DemandNimu Market On Demand is an innovative tool designed to provide a visual representation of market demand levels on a scale of 1 to 100. This scale is displayed at specific intervals , making it easy for users to understand market demand fluctuations in real time.
To enhance analysis, Nimu Market On Demand also incorporates the Relative Strength Index (RSI) with key thresholds at . RSI is a widely-used technical indicator that measures market strength and momentum, offering insights into overbought (excessive buying) or oversold (excessive selling) conditions.
The combination of the Demand graph and RSI enables users to:
Identify the right time to buy when the RSI falls below 30, signaling an oversold condition.
Determine the optimal time to sell when the RSI rises above 70, indicating an overbought condition.
With an integrated visualization, users can effortlessly observe demand patterns and combine them with RSI signals to make smarter and more strategic trading decisions. This tool is designed to help traders and investors maximize opportunities in a dynamic market environment.
