Angelou's RSI
Hello and welcome, this is AngelouHD and this is my RSI oscillator based on RSI 14 (classic and most used by all traders).
I was studying RSI and found out that this awesome tool is very helpful, so I did more research and added some features which includes:
1 LONG signal which is that bold green pattern on the RSI (white).
2 SHORT signal which is that bold green pattern on the RSI (white).
3 Supports and resistances in most common areas such: 100, 90, 80, 70, 66, 50, 34, 30, 20, 10 and 0.
To consider:
* 100, 90, 80, 70 and 66 RSI (most of the times, my studies showed that most traders are likely to TAKE PROFITS and SELL/GO SHORT.
I found out that 100 RSI is a must, must SELL and TAKE PROFITS (overbought).
* 50 RSI is also good zone for ENTRY and BUY/GO LONG only in very bullish market, you got to be very carefull on this, so first study the market conditions: BTC bullish, book orders looking bullish, coins @ good support / resistance lines, etc. If none of the previous conditions, then don't trade and wait for lower RSI levels.
* 34, 30, 20, 10 and 0 RSI most of the times, my studies showed that most traders are likely to ENTRY and BUY/GO LONG.
I found out that 0 RSI is a must, must BUY and TAKE ACTION (oversold).
All this is just my studies and my opinion, not a finantial advice. Not always will work the way I'm explaining since this Crypto World is full of manipulation, so please take note.
LAST THING: Search on youtube and do your own research about "RSI divergences" and you will understand why sometimes even if RSI is high (overbought), let's say 70 RSI... your coin continue to go up and up and then RSI goes below 60 RSI and that coin continues to go upbullish.
And viceversa sometimes you see RSI is very low (oversold) et's say 20 RSI... your coin continue to go down and down and then RSI goes above 30 RSI and that coin continues to go bearish.
I wish you the best and I hope you take advantage, stay profitable, be careful but take action, no fear. Jesus Christ bless you all!
Rsi_overbought
Xypher Heatmap RSI / STOCHCombines classic RSI and StochRSI in one script, with heatmaps for oversold and overbought zones. Use it with the black template :)
K and D values from Stoch are merged in one line, changing colors according to the bearish or bullish crossovers between them
Red to green -> Bullish crossover, consider an entry. Its signaled with a green cross
Green to red -> Bearish crossover, consider getting out. Its signaled with a green cross
RSI is plotted with a thick gray line.
Green lines indicate the oversold zone, consider an entry
Red lines indicate the overbought zone, consider an exit
2xStochastic + RSI (two levels, colored)Great tool to find market tops, bottoms, S/R's and reversals.
Rsi has 2 customiseble overbought and oversold levels can show you extreme levels.
Slow Stochastic 1 (25 period) shows small price swings
Slow stochastic 2 (100 period) can show you a greater picture, are we reversing?
Why do you need Leguerre, Murrey, Kaufman oscilator 3000 when you can have old and trusted tool, that has been tweeked very nicely for any timeframe.
I use it in a variety of ways, let me show you some examples:
EXAMPLE 1 (RSI Extreme Level):
1) Find extreme oversold or overbought level that clearly reversed and plop S/R line there. BAM! We have a S/R line
2) Next time you know this line will mean something (Either it will hold, or it will be broken by a big candle) and you can trade it accordingly to Stochastic trading strategy
EXAMPLE 2 (Fibonacci Level finder):
Trading fibo? This can help!
1) Just like fibo trading, find good swing top and bottom
2) You know that price will reverse from 38.2, 50, 61.8, but where? I think this is self explanotory...
RSI + StochasticRSI 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 and suits for fast scalping timeframes 1m 5m 15m
Strategy is old as the books, this is just a better visual for it.
RSI Combo (RSI, StochRSI)RSI and StochRSI combination with color fill histogram if RSI is over 70 or below 30.
RSI & RVI OB/OS Alert ArrowThe script shows arrows on bars that are in overbought or oversold, based on the set parameters of Relative Strength Index ( RSI ) and Relative Volatility Index (RVI).
Also there is a universal allert, which includes both conditions - overbought and oversold.
You can change the period of RSI and RVI, as well as the upper and lower boundaries of these indicators.
RSI+ Overbought/Sold IndicatorThis is a very simple script that plots signals on the chart whenever the RSI crosses the given threshold. Nothing fancy, but it is useful for deciding when to exit trades or prepare for pullbacks or for confirming that the market is currently in the middle of an extremely impulsive move or trend. It has alert functionality and you can set the overbought/sold thresholds and RSI length in the options menu.
Note: I definitely wouldn't recommend using it to enter trades unless you're an experienced counter-trend trader :)
Regards -
Matt.
Arbitrage RSICombining the power of Arbitrage Exits formula and The Relative Strength Index we can show on the chart when is the best to exit long and short trades by placing a red X to exit long or a green X to exit short positions
As well as alert on it to further tie in with our automation provided through the Autoview plugin for chrome.
Never give back profits again!
RSI_3lines_TheSwedRSI script with 3 lines. Also added lines: 90, 80, 20 and 10 to the script as I use this for trading.
RSI MultiTFLooks for Triple Overbought/Oversold RSI conditions. Paints the bar red when Triple Overbought, and Lime when Triple Oversold.
