Fukuiz TrendThis indicator base on RSI of 2 different periond.
#A brief introduction to RSI #
The relative strength index (RSI) is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset. The RSI is displayed as an oscillator (a line graph that moves between two extremes) and can have a reading from 0 to 100. The indicator was originally developed by J. Welles Wilder Jr. and introduced in his seminal 1978 book, “New Concepts in Technical Trading Systems.”
Traditional interpretation and usage of the RSI are that values of 70 or above indicate that a security is becoming overbought or overvalued and may be primed for a trend reversal or corrective pullback in price. An RSI reading of 30 or below indicates an oversold or undervalued condition.
#In this indicator#
I see that you can use 2 RSI with different periond to suggest Bullish trend and Bearish trend.
#Conditions between short and long RSI crossing#
Crossover = Bullish trend (blue zone)
Crossunder = Bearish trend (red zone)
在腳本中搜尋"Relative"
QQE / RSIA indicator which combines the QQE indicator, which is a momentum based indicator to determine trend and sideways.
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). These ATR lines are smoothed making this indicator less susceptible to short term volatility .
Along with it, i integrated the RSI indicator so both can be monitored simultaneously on one indicator.
This script had been inspired by Mihkel00 so go check him out.
The indicator is shown on the chart as columns, and the other "hidden" in the background which also has a 50 MA bollinger band acting as a zero line.
When both of them agree - you get a bullish or bearish bar
Measure Volume, Momentum, Trend, VolatilityThis script displays the following indicators in one pane to quickly determine several important factors regarding price action. It allows the user to quickly see all of most important factors surrounding price action in one pane with one quick glance. This should be incredibly helpful and allow things like double divergence and trend confirmation to be spotted much more quickly. I personally use the data in this indicator to replace four separate indicators and it has brought my win rate and profit factor significantly higher. I hadn't seen any place where all of the best J. Welles Wilder indicators such as RSI, Parabolic SAR, and DMI/ADX were brought into one easy to use interface. This is my attempt at fixing that gap. For a much deeper understanding of how to use these indicators, I recommend reading New Concepts in Technical Trading Systems written by J. Welles Wilder.
Momentum via RSI (Relative Strength Index)
Volume via MFI (Money Flow Index)
Volatility via DMI/ADX (Direction Movement Index/Average Directional Index)
Trend via Parabolic SAR (Parabolic Stop and Reverse)
It is worth noting that DMI/ADX and Parabolic SAR can both help determine trend strength and volatility.
The Volatility mechanism is measured by DMI and ADX and displayed at the top of the pane using circles. The top, tiny circles reflect if show if positive DI or negative DI has a higher value. The small circles directly underneath indicate whether or not the ADX is above 20 (configurable, some may choose to increase this to 25 or even 30).
The Momentum mechanism is shown as standard RSI with the default being a white line and default period of 14, which is all configurable.
The Volume mechanism is shown as standard MFI with the default being a fuchsia line and default period of 14, which is also configurable.
The momentum and volume oscillators should be used in conjunction to help spot whether the trend is strong or weak using divergences and the middle, overbought, and oversold levels. These levels are also configurable.
The Trend mechanism is measured by Parabolic SAR and displayed at the bottom of the pane using diamonds. The default is red diamonds when in a bear trend, green when in an uptrend which is configurable. When price is above the Parabolic SAR, it is considered to be an uptrend. When price is below the Parabolic SAR, it is considered to be a downtrend. The way price is measured is also configurable (i.e. open, close, ohlc4, hlc3, etc.). When price crossed above or below the Parabolic SAR, the diamonds will change colors.
All the indicators displayed should be used in a well rounded strategy. For instance, I only trade when ADX is above 20 and rarely trade against the trend shown via PSAR. When trend shifts and divergences helped indicate a trend shift would occur using the RSI and MFI, it can be a great spot to take an entry. RSI/MFI can also confirm the trend is strong when they are not showing divergences and inline with price action. All of this data should be used in conjunction with good fundamental data and technical levels. Divergences with RSI and MFI on double tops or bottoms can also be incredibly powerful. There is no right or wrong way to use all the data displayed in this indicator, however using all four pillars of trading (Momentum, Volume, Trend, Volatility) will help ensure only the best trades are taken.
Thamer's ALL IN ONE RSIThis is a special relative strength index indicator that includes the following:
- Bollinger Bands on the RSI
- EMA on the RSI
- SMA on the RSI
You can use the Bollinger bands on the RSI to identify extreme volatility and momentum areas based on the RSI
You can also use RSI break out of the EMA or SMA as a confluence of strong momentum.
MTF RSI + Average (Multi-Timeframe) [TH]Multi-Timeframe Relative Strength Index --- MTF RSI
Eliminates having to change time intervals to view a different Time Interval's RSI value (up to 5 time intervals possible through the settings).
The RSI values from Multiple Time Frames can be averaged together to show one single RSI.
A table overlay (info box) makes it easy to quickly identify RSI values on the multiple different time frames.
RSI + MA StrategyHello, everyone!
We have just released an innovative strategy for TradingView. It allows you to facilitate the trading process when you have to use both indicators.
This strategy is:
User-friendly
Configurable
Equipped with the combination of Relative Strength Index (RSI) and Moving Average (MA) indicators
Designed with all required functions to manage positions
Features
The RSI+MA strategy can:
Identify entry points for Long and Short positions.
Depict RSI and MA values concerning each other.
Reduce visual congestion and import usability thanks to using a combo of 2 indicators.
Allow using pivot trading. The RSI+MA strategy will enter a Long position according to the Short position conditions. And vice versa.
Note! If you want to open a Long position, the RSI line should cross MA from top to bottom. If you want to open a Short position, RSI has to cross MA from bottom to top.
Parameters
We have equipped our strategy with more than 14 additional parameters. So, you can configure the EA according to your needs!
Inputs :
Use Reverse Trade — allows swapping Long and Short positions opening conditions.
Resolution — allows you to view an indicator with data on a higher or lower timeframe on the current chart.
RSI Length
RSI Source: Open, High, Low, Close, HL2, HLC3, OHLC4
Show MA — allows you to enable or disable MA displaying.
MA Length
MA Offset
Style:
RSI — RSI indicator line color and style settings.
MA — MA indicator line color and style configuration.
Upper Band — allows customizing line style, color, and RSI upper bound value.
Lower Band — allows you to customize line style, color, and RSI lower bound value.
Background — background color setting within the RSI upper and lower borders.
Precision — number of decimals for RSI values.
Note! Try RSI+MA on your demo account first before going live.
RSI CrayonsThis simple script colors candles based on the Relative Strength Index. RSI Values > 50 are solid colors, RSI values < 50 are pastels, with additional colors/fills/alerts for overheated and oversold (both user adjustable thresholds) conditions.
As an added bonus, RSI can be calculated by non-traditional methods (not using the running/smoothed moving average) using a variety of different moving averages, but you may have to adjust the time-frame for 'faster' moving averages. An option for plotting the moving average basis is also available.
Value Added:
This indicator can be used to chart RSI without adding an "oscillator frame" to your chart, since we don't normally care too much about RSI values between 30 and 70 under normal conditions.
RSI StrategyThis RSI strategy is different than most in that it doesn't pick a buy signal based on the RSI rising above a specific number (usually 30). Instead, it creates a 14 day exponential moving average of the Relative Strength Index and uses the following two conditions together to trigger a buy:
Entry conditions:
Condition1: Rising of the RSI's moving average for (user defined) candles in a row
Condition 2: The RSI is < 70
The reasoning behind condition 1 is that we are trying to buy into a rising trend, the moving average helps to confirm the trend, whereas the RSI rising above a specific number (usually 30) gives us no real indication that the asset will increase and produces less wins overall. The reasoning behind condition 2 is to avoid buying at the top of a climb.
Exit conditions:
Condition 1: The RSI moving average is falling
Condition 2: Close < Trailing stop activation Level
Condition 3: We have at least (user defined) % profit
The reasoning behind sell condition 1 is a falling RSI moving average (down trend starting). The close has to be under the trailing stop activation level, if we've triggered the trailing stop, we want the trailing stop to do it's job and not exit the trade until the trailing stop takes us out. The reasoning behind condition 3 is to not exit without at least some profit (user defined).
Williams Fractals BUY/SELL signals indicatorThis indicator made with using Williams Fractals, 20 50 100 Moving Averages and Relative Strength Index. You can easily find entry points by using Long (L), Short (S) signals.
This is a 15min scalping strategy for BTC:USDT Perpetual pair. For use different pairs or TFs you may need to change settings.
How to use
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When flashing Long (L) or Short (S) signal you should wait until the candle closing for the confirmation.
After that candle closed with the signal, you can enter a trade in next candle opening.
Your SL should be 3.1% from etnry and TP should be 0.5% from entry for best results. (You can use Long Position / Short Position tool in Prediction and Measurement Tools in drawing pannel to calculate this. This settings only for BTC:USDT Perp 15 min TF. For other TFs or Pairs settings may vary. You can easily change these settings and backtest your own.)
After entering a trade you can be ignored next signals until close the trade.
To learn more about this strategy, please try the "Williams Fractals Strategy" I coded. Thank you!
Williams Fractals StrategyThis indicator made with using Williams Fractals, 20 50 100 Moving Averages and Relative Strength Index. You can easily find entry points by using Long (L), Short (S) signals.
Note : Settings are optimized for BTC:USDT Perpetual 15min TF. For use different pairs or TFs you may need to change settings.
VVB_RSI_VOLFirst time so idk what I'm doing lel
I use vervoot volatility bands, relative strength index, and volume to determine the color of the bar - that's it
I have candle colors inverted - you can change the regular and indicator bar colors in the settings
Meant to help identify risk on and risk off areas
TemaVWAPRSI StrategyExchange: Kraken
Timeframe: 5m
Pair: ETH/USD
If you use this for any other exchange or pair, you'll have to tweak the settings, most importantly are the trailing stop ticks. This strategy is currently in what I would call beta mode. It uses the volume weighted average price indicator, rate of change, two triple exponential moving averages and the relative strength index to find buy and sell signals.
EM_RSI Gradient Candles
I've missed the beautiful trend visualization of Heiken Ashi candles ever since I first learned they don't play well with other indicators largely due to the method with which they're plotted.
I wanted to color code a gradient onto candles to help visualize trend strength, and the Relative Strength Index was the first thing to come to mind. For coloring, it's possible the new color.from_gradient function would have worked, but I couldn't guarantee a highly customizable indicator with a single gradient so I took a more classic approach.
First, RSI was calculated using Tradingview's built-in RSI code.
Then I broke down the RSI's range of 1-100 into 10 tiers and assigned each a color option with the ability to turn any particular tier off if desired.
I found it to be extremely modular and helpful in visualizing both trend strength and identifying potential trend reversals due to a reduction in strength.
You can use it on every candle to help inform decisions, or keep all but <10 and >90 turned off so that it only changes candle color during the most extreme trends.
Or anything in between!
This is my first self-coded indicator so I'm already proud.
Please let me know what you think, and feel free to suggest improvements for future versions in the comments!
[VJ]War Machine PAT IntraThis is a simple intraday strategy for working on Stocks . You can modify the values on the stock and see what are your best picks. Comment below if you found something with good returns
Strategy:
Indicators used :
The Choppiness Index is designed to determine whether the market is choppy or trading sideways, or not choppy and trading within a trend in either direction. Using a scale from 1 - 100, the market is considered to be choppy as values near 100 (over 61.80) and trending when values are lower than 38.20)
The Money Flow Index (MFI) is a momentum indicator that measures the flow of money into and out of a security over a specified period of time. It is related to the Relative Strength Index (RSI) but incorporates volume, whereas the RSI only considers price. The MFI is calculated by accumulating positive and negative Money Flow values (see Money Flow), then creating a Money Ratio. The Money Ratio is then normalized into the MFI oscillator form.
Using the combination of CI (trend factor as constant) and varying MFI, we can buy/sell when conditions are met
Buying with MFI
1. MFI drops below 20 and enters inside oversold zone.
2. MFI bounces back above 20.
3. MFI pulls back but remains above 20.
4. A MFI break out above its previous high is a good buy signal.
Selling with MFI
1. MFI rises above 80 and enters inside overbought zone.
2. MFI drops back below 80.
3. MFI rises slightly but remains below 80.
4. MFI drops lower than its previous low is a signal to short sell or profit booking
Usage & Best setting :
Choose a good volatile stock and a time frame - 5m.
Trending factor : 50
Overbought & Oversold - can be varied as per user
There is stop loss and take profit that can be used to optimise your trade
The template also includes daily square off based on your time.
[Mehrok]-Relative Strength IndexI have attempted to modify existing RSI Model and add some more features to it. Below are the features.
DC High Line - Basis Donchian Channel concept i have added high line. Period can be selected in indicator options. Usage: Let's say i am tracking 90 day High period of RSI which will be shown with orange line on chart. If this orange line is breached it means RSI has made new high. Basis position of RSI we can determine if need to be in trade or exit.
DC Low Line - Basis Donchian Channel concept i have added low line. Period can be selected in indicator options. Usage: Let's say i am tracking 90 day Low period of RSI which will be shown with aqua line on chart. If this aqua line is breached it means RSI has made new low. Basis position of RSI we can determine if we can enter the trade or not.
DC MID Line - DC High + DC LOW / 2 gives a mid line which act as important resistance or support level.
Buy and Sell Zone: I have added two dotted lines which clearly indicate 55 and 45 levels in RSI. Above 55 is considered as sell zone and below 45 as buy zone. You can change the settings basis your need.
Mid Line: Indicator also show mid line at RSI 50 level which makes easier to understand if RSI is above mid line or below. It improves visualization of the indicator.
Relative Growth ScreenBased on the Growth Range indicator published here:
Instead of plotting, they are printed in color coded table. Colors say whether the growth rate of these factors are relatively higher or lower.
Similar to quality screen, table positions can be customized.
If you have big enough screen, you can fit both quality and growth screens this way:
s3.tradingview.com
Bjorgum SuperScript
Bjorgum Reversal
Bj Reversal uses Tilson moving averages to identify trend changes
Bars change to yellow as bar close crosses the Tilson moving averages. Blue or red is confirmed as the two Tilson averages themselves cross.
Reversal is great for pinpointing trend change often giving the absolute best entry or exit
Its sensitive nature can mean more false signals on some assets
Be sure to use other indicators from the Bjorgum Collection to confirm signals, or use another strategy that fits the asset or time frame being viewed
Bjorgum HEMA Strategy
Hema uses HA smoothed EMAs to identify trend direction
Default EMA lengths are 5,9, and 21 period
Bar Color will change Malibu or Ruby on a cross of BOTH 5 and 9 EMA
The lengths are customizable to whatever lengths the user desires
Rolando Santos True Relative Movement (TRM)
This underrated momentum strategy conceptualized by Rolando Santos uses 2 indicators to give a 3 color scheme
A leading indicator (RSI) is combined with a lagging indicator (TSI) to produce bar colors based on the condition of each indicator
Both indicators in positive territory produce blue bars
Both indicators in negative bias produce yellow bars
If signals are mixed (one up one down) bars become grey
Speed Selection
The Bjorgum speed selector optimizes the strategy based on the users desires or trading style at the touch of a button
Fast setting is better for swing trades - more timely signals, more whipsaw
Slow setting is better for longer holds or more volatile assets - slower signals, smooths out whipsaw
RSI Bar Color
RSI color changes bar color based on user defined RSI values
Buy/ sell signals are typically given on a cross of the 50 level
Speed selector (fast/Slow) automatically changes lengths between Bj RSI (5 period) and a standard RSI (14 period)
Additional capabilities can be mixed and matched from strategies in the "Strategy Override" section
Add-ons include:
Tilson - The moving average system from Bjorgum Reversal can be toggled to couple with another bar color strategy by clicking this button
PSAR - Parabolic Stop and Reverse indicator can help with trend direction, volatility, and stop losses
HEMA - The 3 moving average system from the HEMA strategy can be coupled with any of the other strategies by clicking "Show HEMA"
Bj Arrows - These arrows plot at the bar level to draw attention to when the BJ TSI is "curling" (See profile for Bjorgum TSI and download today)
-Optional "Plotbar Overlay" plots bars with Heikin-Ashi Inputs when toggled
-This allows for the benefits of price smoothing without sacrificing moving average and indicator performance as real close value is still used
-This can also help on short time frames and improve results with crypto! The user must "mute" the main series candles when in use to avoid candle overlap.
-Optional price line as muting main bars will disable the TradingView default price line. The horizontal plot will track the real closing price while in HA mode!
RSI Trend Indicator [paRSI]The Relative Strength Index ( RSI ) is a measurement used by traders to assess the price momentum. It is scaled from 0 to 100. when RSI reads below 30, it is usually interpreted as oversold and when RSI is above 70 it is usually interpreted as overbought. However, it is usually not profitable to trade based on overbought and oversold signal.
RSI Trend Indicator or as I like to call it "paRSI" ("Parsa (my name) + RSI") shows that when RSI is above a specific number (default value = 60) it indicates bullish trend and when RSI is below a specific number (default value = 40 ) it indicates bearish trend. Lastly when RSI is below the 2 specified numbers it indicates a neutral trend.
I don't recommend trading based on this single indicator. If you're a trend trader this might be useful tool in addition to your own strategy
Usage:
If the created pattern has worked previously on the chart, you could enter on the first stages of the green or red section (depending on the market's trend).
It is not recommended to trade in any direction when there is no color
*THIS IS A TREND FOLLOWING STRATEGY AND DOES NOT WORK ON ALL MARKETS*
RSI OverTrend Strategy (by Marcoweb) v1.0Hi guys, just adapted the CCI Level zero Strategy with the Over Bought and Over Sold levels provided by the Relative Strength Index. The strat is opening a long position at RSI Oversold 30 Level closing it at RSI Overbought 70 Level flipping the position.
Enjoy :D
[SK] RSI/CCI Correlating OscillatorThe combination of RSI and CCI can be a powerful tool to efficiently signal the strength of the trend and upcoming reversals.
The magic comes when you're able to correlate both indicators correctly, this is the power I give you with the RSCCIO.
I've added additional features to each indicator that make signals more clear and easier to identify.
On the RSI
Directional color coding similar to what you can find on a MACD. This helps to identify the general trend ( above or below midline ) and the of the movement within.
For precise correlation the RSI is adjusted to a midline of 0. You can still enter the overbought/oversold levels as you'd expect on a regular RSI and it will be automatically adjusted.
On the CCI
Extreme strength / weakness color coding when the value exceeds the range makes signals more clear.
For precise correlation with the RSI, we need to scale down the value of the CCI with the Sensitivity Input. The default value works overall but feel free to play around to adjust the scale of the CCI movement.
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RSI Relative Strength Index
The RSI is a momentum indicator that measures the magnitude of recent price changes. An asset is usually considered overbought when the RSI is above 70% and oversold when it is below 30%.
CCI Commodity Channel Index
The CCI was originally developed to spot trend changes. Use the CCI on the longer-term chart to establish the dominant trend and on the shorter-term chart to isolate pullbacks and generate trade signals.
EL Relative Strength Index cross - by Epullemanepulleman RSI long and short
probability of uptrend when red cross-up blue (with small yellow dot)
RSI-Last-3-ExtremaThis script indicates when the current Relative Strength Index of the last 8 closes is beyond a level from center oscillation which signals the equity is likely to reverse course. When it is the lowest RSI reading of the prior 3 readings and below 25, a green vertical bar will appear signaling a potential BUY point. Likewise, the highest reading of the prior 3 RSI readings and above 75 will signal a vertical red bar or SELL signal. The bar has to have a final close price for the signal to be active. Reversal could take a few more bars to occur depending on the timeframe and equity symbol.
You will be able to find many charts that have this signal perfectly finding the top or bottom of a significant trend.
It successfully indicates profitable reversal around 80% of the time. So far, It is 85% accurate or better in determining downtrend start points on the Daily, 120, 60, 30 Minute charts according to the study of more than 10,000 occurrences. It is 86% accurate on the 30 Minute chart.
This is another tool I use in finding or confirming potential price action. Hope you find it useful.
To add this, favorite the script by clicking "Add to your Favorite Indicators" at the top of the code portion below. On your top tool bar is an "fx" button with a downward arrow to the right of it. Click on the downward arrow/caret and scroll down to "RSI-Last-3-Extrema". Click on this title and it should add to the bottom of your current chart. If you do not see BUY (green vertical bars) or SELL (red vertical bars) right away, try other charts and timeframes.
