Rocket RSI indicator script.
This indicator was originally developed by John Ehlers (Stocks & Commodities V.36:6, RocketRSI - A Solid Propellant For Your Rocket Science Trading).
An RSI can have any input, but most commonly used is the closing price. I thought it would be interesting to see if feeding the open high low and close information into the RSI to make RSI candles, if there are candlestick formations that can be recognized or possible patters in wicks.
To make it smoother there also is the option to turn the RSI candles into...
I allowed myself to take a piece of code of one of the indicators MFI present on Tradingview for the added to a RSI!
I made this srcipt to avoid cluttering the screen, so we can see the oversold / overbought of the MFI without having any additional indicator
Main features:
- Allows user to have 3 RSIs from customizable time frames (could be extended to as display as many time frames as desired)
- Allows user to specify a range of different moving average for each RSI (VWMA can be particularly interesting)
Relative Vigor Index with Dominant Cycle Detection. As Ehler's mentioned, fixed length look back is inherently flawed when it is possible to extract a length from a dominant price cycle. may be less effective if signal to noise ratio is greater than 2, but that usually would not happen at >5m candles, and honestly shouldn't be looking at RV(igor)I when price is...
Hi Guys,
I was asked to create a script that can access TDI values from higher timeframes - here it is.
You can choose the timeframe in the settings just put the following there:
Weekly - W
Daily - D
4h - 240
1h - 60
...
This only works for higher timeframes than the one you're currently on.
I whish you all good luck trading!
Best regards
KK
Laguerre RSI (Self Adjusting Alpha with Fractals Energy) indicator script. I adopted idea from www.prorealcode.com and
If you disable `Apply Fractals Energy` option, you will get the original Laguerre RSI.
this chart allows 4 moving averages and gives a signal for macd cross over up and down as well as RSI oversold - purple - and overbought -yellow - all in 1 indicator.
This is a very simple indicator for quickly spotting points of momentum exhaustion and potential trend reversal. It is NOT a Buy or Sell signal. Instead, it tries to isolate periods of maximum risk and maximum opportunity.
Internally, it combines the RSI and MFI indicators to reduce noise and provide more accurate signals.
RSI overbought and oversold histogram
Just indicator combo of oldschool slow stochastic and rsi, just looking a little bit better for someone.
Strategy is simple:
1) RSI is overbought or oversold (above 70, below 30)?
2) Stochastic line crosses its ema?
3) Stochastic and stochastic ema are in overbought = sell, oversold = buy.
Works good in volitile stocks/pairs...
