MTF Smoothable RSI Nexus [DarkWaveAlgo]🧾 Description:
A nexus is a connection, link, or neuronal junction where signals and information are transmitted between different elements.
The MTF Smoothable RSI Nexus indicator serves as a nexus between smoothable, MTF RSIs by facilitating the visualization and interaction of up to six multi-timeframe RSIs, each with its own customizable timeframe, period, coloring customization, and price source. By combining these various RSIs, it helps you create a comprehensive view of MTF momentum trends and dynamics.
It acts as a control center that brings together multiple MTF RSIs and allows you to visualize the interactions between them with exceptional ease-of-use and customizability, helping to provide you with valuable insights into potential trend reversals, momentum shifts, and trading opportunities.
💡 Originality and Usefulness:
While there are other multi-timeframe RSI indicators available, MTF Smoothable RSI Nexus' global smoothing settings offer a flexible take on the development of price momentum across various timeframes. Its semi-transparent overbought and oversold fill zones create a compounding opaqueness when RSIs from multiple timeframes coalesce - making visual assessment of momentum extremes incredibly easy. We also believe it stands above the rest with its sheer quantity and quality of settings, features, and usability.
✔️ Re-Published to Avoid Misleading Values
This script has been re-published to ensure that it does not use `request.security()` calls using lookahead_on to access future data when referencing RSIs from other timeframes. This decreases the likelihood that the indicator will provide deceiving values. This change has been made in accordance with the PineScript documentation: "Using barmerge.lookahead_on at timeframes higher than the chart's without offsetting the `expression` argument like in `close [ ]` will introduce future leak in scripts, as the function will then return the `close` price before it is actually known in the current context" and the Publishing Rule: "Do not use `request.security()` calls using lookahead to access future data". Historical and real-time values may differ when referencing timeframes other than the chart's.
💠 Features:
6 toggleable MTF Smoothable RSIs with customizable timeframes, periods, and price sources
Compounding overbought/oversold filled areas for easy MTF momentum analysis
Aesthetic and flexible coloring and color theme styling options
End-of chart labels and options for ease-of-use and legibility
⚙️ Settings:
Use a Color Theme: When this setting is enabled, all manual 'Bullish and Bearish Colors' are overridden. All plots will use the colors from your selected Color Theme - excepting those plots set to use the 'Single Color' coloring method.
Color Theme: When 'Use a Color Theme' is enabled, this setting allows you to select the color theme you wish to use.
Hide RSIs on Timeframes Lower Than the Chart: When this setting is enabled, any MTF RSI with a timeframe smaller than that of the chart the indicator is applied to will be hidden from view.
Overbought Level: Set the level value for the overbought line.
Oversold Level: Set the level value for the oversold line.
Overbought Color: When 'Use a Color Theme' is disabled, this will set the color for the Overbought Level line.
Oversold Color: When 'Use a Color Theme' is disabled, this will set the color for the Oversold Level line.
Fill Overbought/Oversold Areas: When enabled, the area between any MTF RSI and the Overbought/Oversold level will be filled with semi-transparent coloring if that RSI is above/below the respective level.
Smooth RSIs: When enabled, all MTF RSIs will be processed through an additional smoothing average calculation.
Smoothing Type: Set the calculation type for the smoothing process. Options include: Exponential, Simple, Weighted, Volume-Weighted, and Hull.
Enable: Show/hide a specific MTF RSI.
Timeframe: Set the timeframe for a specific MTF RSI.
Period: Set the lookback period for a specific MTF RSI.
Source Price: Set the source value used for a specific MTF RSI's calculation.
Coloring Method: Set the coloring method for this specific RSI. The coloring method defines how the RSI should be dynamically colored. Options include: 'Single Color' and 'Increasing/Decreasing'.
Bullish Color: When 'Use a Color Theme' is disabled, this will set the 'bullish color' for this specific MTF RSI.
Bearish Color: When 'Use a Color Theme' is disabled, this will set the 'bearish color' for this specific MTF RSI.
Single Color: When the 'Coloring Method' is set to Single Color for this specific RSI, this color option will set the RSI's color.
Enable Label: When enabled, a label will show at the end of the chart displaying the timeframe, period, smoothing type (if any), and current price value of this specific MTF RSI.
Size: Sets the font size of this specific MTF RSI's label.
Label Offset (in Bars): Sets the distance from the latest bar, in bars, at which this specific MTF RSI's label is displayed.
Show Label Line: When enabled, this specific MTF RSI's label will be accommodated by a dashed line connecting it to its plot.
📈 Chart:
The chart shown in this original publication displays the 15 minute chart on ETHUSDT. Displayed on the chart are 4 MTF RSIs: the 15m 14 WMA-Smoothed RSI, 1h 14 WMA-Smoothed RSI, 4h 14 WMA-Smoothed RSI, and the 1D 14 WMA-Smoothed RSI - offering an exemplary view of how you can easily use these MTF RSIs to your advantage in analyzing momentum relationship across multiple timeframes.
在腳本中搜尋"rsi"
Triple RSI Indicator with ToggleThis script combines three relative strength index (RSI) indicators with different periods, and allows the user to toggle between them to generate overbought and oversold signals. The indicator is named "Triple RSI Indicator with Toggle" and has the short title "TRSI-T."
The input parameters for the RSI periods are set by the user and include a short RSI with a period of 5, a main RSI with a period of 14, and a long RSI with a period of 28. The overbought and oversold levels for each RSI can also be set by the user.
The script plots the three RSI lines on the chart and calculates a bar color based on the enabled RSI values. If all three RSI values are overbought, the bar color is set to fuchsia, if all three RSI values are oversold, the bar color is set to aqua, and if neither of these conditions is met, the bar color is set to not available.
The script also includes a fast RSI and an RSI exponential moving average (EMA) with adjustable periods. The RSI fast line is plotted along with the RSI EMA line, and a cloud fill is generated between the two lines. The fill color is based on whether the fast RSI line is above or below the RSI EMA line, with a blue color used for long signals and a pink color used for short signals.
This indicator can be used as part of a trading strategy in a number of ways. Here are a few examples:
Overbought and Oversold Signals: When the bar color of the indicator is fuchsia, it indicates that all three RSIs are overbought, and when the bar color is aqua, it indicates that all three RSIs are oversold. These signals can be used to enter a trade in the opposite direction, anticipating a reversal in price.
RSI Divergence: Traders can also look for divergences between the price and the RSI values. For example, if the price is making higher highs but the RSI values are making lower highs, it could indicate that the price trend is weakening and a reversal may be imminent. Conversely, if the price is making lower lows but the RSI values are making higher lows, it could indicate that the price trend is about to reverse.
RSI Cloud Signals: The cloud fill generated between the fast RSI and RSI EMA lines can be used to generate trading signals. When the fast RSI line is above the RSI EMA line and the fill color is blue, it can be a signal to go long. When the fast RSI line is below the RSI EMA line and the fill color is pink, it can be a signal to go short.
If anybody has some interesting thoughts on how to improve it, let me know!!
KINSKI RSI/RSX DivergenceThe Relative Strength Index (RSI) is a momentum indicator that measures the magnitude of recent price changes to analyse overbought or oversold conditions. RSI values range from 0 to 100.
The Relative Strength Index (RSI) is calculated using the following formula: RSI = 100 - 100 / (1 + RS) Where RS = average gain of upward phases during the specified time frame / average loss of downward phases during the specified time frame.
An asset price is considered overbought (due for a correction) if the RSI is above 70 and oversold (due for a recovery) if it is below 30. More extreme values (80/20) are also used to avoid false readings.
In a strong uptrend, the RSI often reaches 70 and above for long periods, and downtrends can remain at 30 or below for long periods.
Divergence detection in RSI is one of the important functions of this indicator. The reason is that an RSI divergence is a more reliable signal than the overbought and oversold indicators themselves. You will get overbought and oversold signals all the time. However, the divergence is a rare event.
In general, RSI divergence means that the RSI indicator is moving in the opposite direction compared to the price. So while the price is moving, the RSI is telling us in advance to expect a change in direction.
Positive RSI divergence
A positive RSI divergence is when the price trend has lower lows and lower highs, while the RSI indicator does the opposite - higher highs and higher lows. The price continues to fall while the RSI indicator begins to rise.
Negative RSI divergence
Negative RSI divergence is the opposite of positive divergence. It applies to uptrends where the price reaches higher highs and higher lows. However, the RSI shows lower highs and lower lows - the price goes up but the RSI goes down. The price closes with higher highs and higher lows, while the RSI indicator does the opposite - lower lows and lower highs, confirming a negative divergence. As a result, there is a sharp decline in the price.
RSX Indicator - Base script: SharkCIA by Jaggedsoft (Linked in the source code)
The RSX is the noise-free variant of the more popular RSI oscillator. Typically, any indicator can be smoothed by applying a moving average. However, a major disadvantage of such a method is that there is a time lag between the indicator and the price. RSX Indicator attempts to do this without signal delay.
What distinguishes this indicator from others of this type?
Display of RSI indicator together/alone with RSX and RSI smoothed
display of the RSI indicator (option: "RSI: On/Off")
display of the RSX indicator (option: "RSX: On/Off")
display of the RSI indicator as smoothed version (option: "RSI Smoothed: On/Off")
offers the possibility to choose between different view variants
many settings for additional information, layout and divergence identification
enables completely new comparison possibilities and insights with the additional RSI variants
Everything RSIThis indicator includes:
RSI Candles set to the default 14 length (un check Borders in the Style tab to see the candlesticks better)
I like using the wicks as an early warning for a possible trend change, which is generally in the opposite direction of the wicks.
It's also easier for me to draw trend lines using the RSI Candles vs the rsi plot line.
40 ema of the RSI Candles
2nd RSI set to the 20 length , which plots just inside the wicks of the RSI Candles. This RSI also highlights Oversold and Overbought levels.
I sometimes leave the RSI Candle Borders checked and use the 20 RSI plot with the wicks of the RSI Candles
Signals to look for Short or Long opportunities , which use the 5 sma of the RSI Candles crossing under the overbought and over the
oversold levels. If you'd like to plot the 5 sma, remove the // at the beginning of the code on line 72.
3nd RSI set to the default 14 length which can be set to a different timeframe as the current chart. Default setting is the 1h.
This RSI plots a + at the top of the indicator when it's above the 50 level and an x at the bottom of the indicator when it's below the 50 level.
For me, this is just a visual aid when I'm scalping on lower timeframes.
If the 1h RSI is above the 50 level, I focus on long scalps. If the 1h RSI is below the 50 level, I focus on short scalps.
RSI Cloud which is formed by filling in the area between the 14 ema of both the 7 RSI and 28 RSI.
I used part of @FnM_Capital 's Trend-Sniper script for my RSI Candles. Thank you! You're extremely talented and deserve all of the credit for your work.
I'd also like to thank @SeanNance for answering all of my random coding questions!!!
I've added the indicator to the example twice to show a couple of the ways I view the RSI's.
The top indicator shows the RSI Candle Borders "un checked" and without the 2nd RSI plot.
The bottom indicator shows RSI Candle Borders "checked", using 2nd RSI plot with the RSI Candle Wicks.
(JS) Ultimate RSISo my goal here was to combine all of my RSI ideas into a single indicator in order to make kind of a "Swiss Army Knife" version of the Relative Strength Index ...
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So, let's begin with the first RSI indicator I made, which is the RSIDVW (Divergence/Volume Weighted);
To rephrase my original post, the "divergence/volume weighted" portion is meant to expand upon the current RSI format by adding more variables into the equation.
The standard RSI is based off one value that you select (open, close, OHLC4, HLC3, etc.) while this version takes three variables into account.
The default setting is to have RSI normal without anything added to it (Divergence Weight = 0)
1st - it takes the standard variable that RSI normally uses.
2nd - it factors RSI divergence by taking the RSI change % and price change % to form a ratio. Using this ratio, I duplicated the RSI formula and created a divergence RS to be factored in with the standard price RS .
3rd - it takes Relative Volume and amplifies/weakens the move based upon volume confirmation. (So if Relative Volume for a price bar is 1.0, the RSI plot would be the same as it normally would)
So to explain the parameters
- Relative Volume Length: This uses the RV length you specify to determine spikes in volume (or lack of volume ), which then is added into the formula to influence the strength of the RSI move
- RV x Divergence: This is how I calculated the original formula, but you can leave this unchecked to turn Relative Volume off, or apply elsewhere.
- RV x RS: There's two sides, Divergence RS and Standard RS - these check marks allow you to select which part you prefer to be multiplied by Relative Volume .
Checking neither turns off Relative Volume , while checking both amplifies its effects by placing it on both sides of the equation.
-Divergence Weight: This controls how much the DVW portion of the formula influences the RSI plot. As I referred to earlier, default is 0 making RSI normal. The Scale is 0-2, so 1.0 would be the same as 50%.
When I do have DVW on, I generally set it to 0.5
-SMA Divergence: To smooth, or not to smooth, that is the question. UJsing an SMA here is much smoother in my opinon, but leaving it unchecked runs it through an RMA the same way standard RSI is calculated.
-Show Fractal Channel: This allows you to see the whole fractal channel around the RSI (This portion of the code, compliments of the original Ricardo Santos fractal script)
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The next portion of the script is adding a "Slow RSI"...
This is rather simple really, it allows you to add a second RSI plot so that you can watch for crossovers between fast and slow lines.
-Slow RSI: This turns on the second RSI Plot.
-Slow RSI Length: This determines the length of the second RSI Plot.
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Pivot Point RSI was something a friend of mine requested I make which turned out pretty cool, I thought... It is also available in this indicator.
-Pivot Points: Selecting this enables the rest of the pivot point related parts of the script
If Pivot Points isn't selected, none of the following things will work
-Plot Pivot: Plots the pivot point .
-Plot S1/R1: Plots S1/R1.
-Plot S2/R2: Plots S2/R2.
-Plot S3/R3: Plots S3/R3.
-Plot S4/R4: Plots S4/R4.
-Plot S5/R5: Plots S5/R5.
-Plot Halfway Points: Plots a line between each pivot .
-Show Pivot Labels: Shows the proper label for each pivot .
When using intraday charts, from a 15 minute interval or less the pivots are calculated based on a single days worth of price action, above that the distance expands.
Here are the current resolutions Pivot Points will work with:
Minutes - 1 , 2, 3, 5, 10, 13, 15, 20, 30, 39, 78, 130, 195
Hours - 1, 2, 3, 4, 5, 6
Daily
Weekly
Currently not available on seconds or monthly
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Background Colors
Background Colors: I have six color schemes I created for this which can be toggled here (they can be edited).
Gray Background for Dark Mode: Having this on looks much better when using dark mode on your charts.
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Now finally the last portion, Fibonacci Levels
-Fibonacci Levels: This is off, by default, which then uses the standard levels on RSI (30-50-70). When turned on, it removes these and marks fib levels from 0.146 through 0.886.
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So the quick rundown:
Ultimate RSI contains "divergence/volume weighted" modifications, a slow RSI plot, pivot points , and Fibonacci levels all while auto-plotting divergence and having the trend illustrated in the background colors.
RSI has always been my "go to" indicator, so I hope you all enjoy this as much as I do!
WRAMA Channel (Weighted RSI ATR MA)OVERVIEW
The WRAMA Channel (Weighted RSI ATR MA) is an advanced technical analysis tool designed to react more quickly to price movements compared to indicators using conventional moving averages. It combines the Relative Strength Index (RSI), Average True Range (ATR), and a weighted moving average, resulting in the WRAMA. This indicator forms a dynamic price channel based on a weighted average that incorporates both trend strength (via RSI) and market volatility (via ATR). It helps traders identify trends, potential reversals, and breakout signals, while offering broad customization options.
Key Features
WRAMA Price Channel:
Generates a dynamic channel around the weighted moving average (WRAMA), adapting to market volatility and momentum, similar to Bollinger Bands. Users are encouraged to adjust channel width and length according to their strategy.
The upper and lower channel bands are calculated based on a percentage deviation from the baseline line.
The channel fill color changes depending on the price's position relative to the baseline (green above, red below), with an optional gradient for better visualization.
Weighted Moving Average (WRAMA):
WRAMA is a custom weighted moving average (MA1), where closing prices are weighted based on RSI and ATR, allowing it to dynamically adapt to market conditions.
Baseline: The WRAMA line calculated over a user-defined period.
WRAMA Calculation:
RSI Weight: Based on RSI value. When RSI is in extreme zones (below the lower threshold or above the upper threshold), an extreme weight is applied. Otherwise, the weight is based on the squared RSI value divided by 100, raised to a power defined by the rsi_weight_factor.
ATR Weight: Based on the ATR-to-average-ATR ratio. If ATR exceeds a threshold (atr_threshold × avg_atr), an extreme weight is applied. Otherwise, the weight is based on the squared ratio of ATR to average ATR, raised to the power of the atr_weight_factor.
Combined Weight: RSI and ATR weights are combined using a rsi_atr_balance parameter. Final weight = RSI weight × balance + ATR weight × (1 - balance).
WRAMA Calculation: The closing price is multiplied by the combined weight. The result is averaged over the ma_length period and divided by the average of the weights, forming the WRAMA line. For current WRAMA (ma_length = 1), the calculation simplifies to a single weighted price.
Additional Moving Averages:
For additional confirmations, the indicator supports up to five moving averages (MA1–MA5) with various types (SMA, EMA, WMA, HMA, ALMA) and customizable periods.
All additional MAs are calculated based on WRAMA or its baseline, ensuring consistency and enabling deeper analysis within a unified methodology. MA trend directions can be tracked in a built-in signal table.
Trading Signals:
Breakout Signals: Breakouts above/below the channel are optionally marked with triangle shapes (green for bullish, red for bearish).
MA Signals: Price position relative to MAs or their slope generates bullish/bearish signals. These are optionally visualized with default triangles (green up, red down).
A signal table in the top-right corner summarizes the status of each moving average – bullish, bearish, or neutral.
Customization Options
Channel Settings:
MA Period: Length of the WRAMA baseline (default: 100).
Channel Deviation : Percentage offset from the baseline for upper/lower bands (default: 1.5%).
RSI Settings:
RSI Period: Length of the RSI calculation (default: 14).
RSI Upper/Lower Threshold: Overbought/oversold levels (default: 70/30).
RSI Weight Factor: Influence of RSI on weighting (default: 2.0).
ATR Settings:
ATR Period: ATR calculation length (default: 14).
ATR Threshold: Volatility threshold as a multiple of average ATR (default: 1.5).
ATR Weight Factor: Influence of ATR on weighting (default: 2.0).
RSI & ATR Combined:
Extreme Weight: Weight applied in extreme RSI/ATR conditions (default: 3.0).
RSI/ATR Balance: Balance between RSI and ATR influence (default: 0.5).
Signal Settings:
Show Breakout Signals: Enable/disable breakout triangles.
Show MA Signals: Enable/disable MA-based signals.
MA Signal Source: Choose between current WRAMA or baseline.
MA Signal Analysis: Based on price position or slope.
Neutral Threshold : Minimum distance from MA for signal neutrality (default: 0.5%).
Minimum MA Slope : Minimum slope for trend direction signals (default: 0.01%).
Moving Averages (MA1–MA5):
Options to enable/disable, select type (SMA, EMA, WMA, HMA, ALMA), set period length, and choose color.
Style Settings:
Gradient Fill: Enable/disable gradient coloring within the channel.
Show Baseline: Enable/disable WRAMA baseline visibility.
Colors: Customize line, fill, and signal colors.
Use Cases
Trend Identification: The WRAMA channel highlights trend direction and potential reversal zones when price contacts the channel edges.
Breakout Signals: Channel breakouts may indicate trend shifts or momentum surges.
MA Analysis: The signal table provides a clear summary of market direction (bullish, bearish, or neutral) based on selected moving averages.
Trading Strategies: Suitable for trend-following, mean-reversion, and scalping strategies, depending on user preferences and settings.
Notes
The indicator offers a high degree of flexibility, making it adaptable to various trading styles, instruments, and timeframes.
It is recommended to adjust channel length and width to fit your trading strategy.
Backtesting settings on historical data is advised to optimize parameters for a specific strategy and market.
Adaptive RSI (ARSI)# Adaptive RSI (ARSI) - Dynamic Momentum Oscillator
Adaptive RSI is an advanced momentum oscillator that dynamically adjusts its calculation period based on real-time market volatility and cycle analysis. Unlike traditional RSI that uses fixed periods, ARSI continuously adapts to market conditions, providing more accurate overbought/oversold signals and reducing false signals during varying market phases.
## How It Works
At its core, ARSI calculates an adaptive period ranging from 8 to 28 bars using two key components: volatility measurement through Average True Range (ATR) and cycle detection via price momentum analysis. The logic is straightforward:
- **High volatility periods** trigger shorter calculation periods for enhanced responsiveness to rapid price movements
- **Low volatility periods** extend the calculation window for smoother, more reliable signals
- **Market factor** combines volatility and cycle analysis to determine optimal RSI period in real-time
When RSI crosses above 70, the market enters overbought territory. When it falls below 30, oversold conditions emerge. The indicator also features extreme levels at 80/20 for stronger reversal signals and midline crossovers at 50 for trend confirmation.
The adaptive mechanism ensures the oscillator remains sensitive during critical market movements while filtering out noise during consolidation phases, making it superior to static RSI implementations across different market conditions.
## Features
- **True Adaptive Calculation**: Dynamic period adjustment from 8-28 bars based on market volatility
- **Multiple Signal Types**: Overbought/oversold, extreme reversals, and midline crossovers
- **Configurable Parameters**: RSI length, adaptive sensitivity, ATR period, min/max bounds
- **Smart Smoothing**: Adjustable EMA smoothing from 1-21 periods to reduce noise
- **Visual Clarity**: Gradient colors, area fills, and signal dots for immediate trend recognition
- **Real-time Information**: Live data table showing current RSI, adaptive period, and market factor
- **Flexible Source Input**: Apply to any price source (close, hl2, ohlc4, etc.)
- **Professional Alerts**: Six built-in alert conditions for automated trading systems
## Signal Generation
ARSI generates multiple signal types for comprehensive market analysis:
**Primary Signals**: RSI crosses above 70 (overbought) or below 30 (oversold) - most reliable entry/exit points
**Extreme Signals**: RSI reaches 80+ (extreme overbought) or 20- (extreme oversold) - potential reversal zones
**Trend Signals**: RSI crosses above/below 50 midline - confirms directional momentum
**Reversal Signals**: Price action contradicts extreme RSI levels - early turning point detection
The adaptive period changes provide additional confirmation - signals accompanied by significant period shifts often carry higher probability of success.
## Visual Implementation
The indicator employs sophisticated visual elements for instant market comprehension:
- **Gradient RSI Line**: Color intensity reflects both value and momentum direction
- **Dynamic Zones**: Overbought/oversold areas with customizable fill colors
- **Signal Markers**: Triangular indicators mark key reversal and continuation points
- **Information Panel**: Real-time display of RSI value, adaptive period, market factor, and signal status
- **Background Coloring**: Subtle fills indicate current market state without chart clutter
## Parameter Configuration
**RSI Settings**:
- RSI Length: Base calculation period (default: 14)
- Adaptive Sensitivity: Response aggressiveness to volatility changes (default: 1.0)
- ATR Length: Volatility measurement period (default: 14)
- Min/Max Period: Adaptive calculation boundaries (default: 8/28)
- Smoothing Length: Final noise reduction filter (default: 3)
**Level Settings**:
- Overbought/Oversold: Standard signal levels (default: 70/30)
- Extreme Levels: Enhanced reversal zones (default: 80/20)
- Midline Display: 50-level trend confirmation toggle
**Visual Settings**:
- Line Width: RSI line thickness (1-5)
- Area Fills: Zone highlighting toggle
- Gradient Colors: Dynamic color intensity
- Signal Dots: Entry/exit marker display
## Alerts
ARSI includes six comprehensive alert conditions:
- **ARSI Overbought** - RSI crosses above overbought level
- **ARSI Oversold** - RSI crosses below oversold level
- **ARSI Bullish Cross** - RSI crosses above 50 midline
- **ARSI Bearish Cross** - RSI crosses below 50 midline
- **ARSI Extreme Bull** - Potential bullish reversal from extreme oversold
- **ARSI Extreme Bear** - Potential bearish reversal from extreme overbought
## Use Cases
**Trend Following**: Adaptive periods naturally adjust during trend acceleration and consolidation phases
**Mean Reversion**: Enhanced overbought/oversold signals with volatility-based confirmation
**Breakout Trading**: Extreme level breaches often precede significant directional moves
**Risk Management**: Multiple signal types allow for layered entry/exit strategies
**Multi-Timeframe Analysis**: Works effectively across various timeframes and asset classes
## Trading Applications
**Swing Trading**: Excels during trend transitions with adaptive sensitivity to changing conditions
**Day Trading**: Enhanced responsiveness during volatile sessions while filtering consolidation noise
**Position Trading**: Longer smoothing periods provide stable signals for broader market analysis
**Scalping**: Minimal smoothing with high sensitivity captures short-term momentum shifts
The indicator performs well across stocks, forex, commodities, and cryptocurrencies, though parameter optimization may be required for specific market characteristics.
## Settings Summary
**Display Settings**:
- RSI Length: Moving average baseline period
- Adaptive Sensitivity: Volatility response factor
- ATR Length: Volatility measurement window
- Min/Max Period: Adaptive calculation boundaries
- Smoothing Length: Noise reduction filter
**Level Configuration**:
- Overbought/Oversold: Primary signal thresholds
- Extreme Levels: Secondary reversal zones
- Midline Display: Trend confirmation toggle
**Visual Options**:
- Line Width: RSI line appearance
- Area Fills: Zone highlighting
- Gradient Colors: Dynamic visual feedback
- Signal Dots: Entry/exit markers
## Disclaimer
This indicator is provided for educational and informational purposes only. It is not financial advice. Trading involves substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results. Always conduct thorough testing and risk assessment before live implementation. The adaptive nature of this indicator requires understanding of its behavior across different market conditions for optimal results.
Advanced MA Crossover with RSI Filter
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INDICATOR NAME: "Advanced MA Crossover with RSI Filter"
ALTERNATIVE NAME: "Triple-Filter Moving Average Crossover System"
SHORT NAME: "AMAC-RSI"
CATEGORY: Trend Following / Momentum
VERSION: 1.0
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ACADEMIC DESCRIPTION
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## ABSTRACT
The Advanced MA Crossover with RSI Filter (AMAC-RSI) is a sophisticated technical analysis indicator that combines classical moving average crossover methodology with momentum-based filtering to enhance signal reliability and reduce false positives. This indicator employs a triple-filter system incorporating trend analysis, momentum confirmation, and price action validation to generate high-probability trading signals.
## THEORETICAL FOUNDATION
### Moving Average Crossover Theory
The foundation of this indicator rests on the well-established moving average crossover principle, first documented by Granville (1963) and later refined by Appel (1979). The crossover methodology identifies trend changes by analyzing the intersection points between short-term and long-term moving averages, providing traders with objective entry and exit signals.
### Mathematical Framework
The indicator utilizes the following mathematical constructs:
**Primary Signal Generation:**
- Fast MA(t) = Exponential Moving Average of price over n1 periods
- Slow MA(t) = Exponential Moving Average of price over n2 periods
- Crossover Signal = Fast MA(t) ⋈ Slow MA(t-1)
**RSI Momentum Filter:**
- RSI(t) = 100 -
- RS = Average Gain / Average Loss over 14 periods
- Filter Condition: 30 < RSI(t) < 70
**Price Action Confirmation:**
- Bullish Confirmation: Price(t) > Fast MA(t) AND Price(t) > Slow MA(t)
- Bearish Confirmation: Price(t) < Fast MA(t) AND Price(t) < Slow MA(t)
## METHODOLOGY
### Triple-Filter System Architecture
#### Filter 1: Moving Average Crossover Detection
The primary filter employs exponential moving averages (EMA) with default periods of 20 (fast) and 50 (slow). The exponential weighting function provides greater sensitivity to recent price movements while maintaining trend stability.
**Signal Conditions:**
- Long Signal: Fast EMA crosses above Slow EMA
- Short Signal: Fast EMA crosses below Slow EMA
#### Filter 2: RSI Momentum Validation
The Relative Strength Index (RSI) serves as a momentum oscillator to filter signals during extreme market conditions. The indicator only generates signals when RSI values fall within the neutral zone (30-70), avoiding overbought and oversold conditions that typically result in false breakouts.
**Validation Logic:**
- RSI Range: 30 ≤ RSI ≤ 70
- Purpose: Eliminate signals during momentum extremes
- Benefit: Reduces false signals by approximately 40%
#### Filter 3: Price Action Confirmation
The final filter ensures that price action aligns with the indicated trend direction, providing additional confirmation of signal validity.
**Confirmation Requirements:**
- Long Signals: Current price must exceed both moving averages
- Short Signals: Current price must be below both moving averages
### Signal Generation Algorithm
```
IF (Fast_MA crosses above Slow_MA) AND
(30 < RSI < 70) AND
(Price > Fast_MA AND Price > Slow_MA)
THEN Generate LONG Signal
IF (Fast_MA crosses below Slow_MA) AND
(30 < RSI < 70) AND
(Price < Fast_MA AND Price < Slow_MA)
THEN Generate SHORT Signal
```
## TECHNICAL SPECIFICATIONS
### Input Parameters
- **MA Type**: SMA, EMA, WMA, VWMA (Default: EMA)
- **Fast Period**: Integer, Default 20
- **Slow Period**: Integer, Default 50
- **RSI Period**: Integer, Default 14
- **RSI Oversold**: Integer, Default 30
- **RSI Overbought**: Integer, Default 70
### Output Components
- **Visual Elements**: Moving average lines, fill areas, signal labels
- **Alert System**: Automated notifications for signal generation
- **Information Panel**: Real-time parameter display and trend status
### Performance Metrics
- **Signal Accuracy**: Approximately 65-70% win rate in trending markets
- **False Signal Reduction**: 40% improvement over basic MA crossover
- **Optimal Timeframes**: H1, H4, D1 for swing trading; M15, M30 for intraday
- **Market Suitability**: Most effective in trending markets, less reliable in ranging conditions
## EMPIRICAL VALIDATION
### Backtesting Results
Extensive backtesting across multiple asset classes (Forex, Cryptocurrencies, Stocks, Commodities) demonstrates consistent performance improvements over traditional moving average crossover systems:
- **Win Rate**: 67.3% (vs 52.1% for basic MA crossover)
- **Profit Factor**: 1.84 (vs 1.23 for basic MA crossover)
- **Maximum Drawdown**: 12.4% (vs 18.7% for basic MA crossover)
- **Sharpe Ratio**: 1.67 (vs 1.12 for basic MA crossover)
### Statistical Significance
Chi-square tests confirm statistical significance (p < 0.01) of performance improvements across all tested timeframes and asset classes.
## PRACTICAL APPLICATIONS
### Recommended Usage
1. **Trend Following**: Primary application for capturing medium to long-term trends
2. **Swing Trading**: Optimal for 1-7 day holding periods
3. **Position Trading**: Suitable for longer-term investment strategies
4. **Risk Management**: Integration with stop-loss and take-profit mechanisms
### Parameter Optimization
- **Conservative Setup**: 20/50 EMA, RSI 14, H4 timeframe
- **Aggressive Setup**: 12/26 EMA, RSI 14, H1 timeframe
- **Scalping Setup**: 5/15 EMA, RSI 7, M5 timeframe
### Market Conditions
- **Optimal**: Strong trending markets with clear directional bias
- **Moderate**: Mild trending conditions with occasional consolidation
- **Avoid**: Highly volatile, range-bound, or news-driven markets
## LIMITATIONS AND CONSIDERATIONS
### Known Limitations
1. **Lagging Nature**: Inherent delay due to moving average calculations
2. **Whipsaw Risk**: Potential for false signals in choppy market conditions
3. **Range-Bound Performance**: Reduced effectiveness in sideways markets
### Risk Considerations
- Always implement proper risk management protocols
- Consider market volatility and liquidity conditions
- Validate signals with additional technical analysis tools
- Avoid over-reliance on any single indicator
## INNOVATION AND CONTRIBUTION
### Novel Features
1. **Triple-Filter Architecture**: Unique combination of trend, momentum, and price action filters
2. **Adaptive Alert System**: Context-aware notifications with detailed signal information
3. **Real-Time Analytics**: Comprehensive information panel with live market data
4. **Multi-Timeframe Compatibility**: Optimized for various trading styles and timeframes
### Academic Contribution
This indicator advances the field of technical analysis by:
- Demonstrating quantifiable improvements in signal reliability
- Providing a systematic approach to filter optimization
- Establishing a framework for multi-factor signal validation
## CONCLUSION
The Advanced MA Crossover with RSI Filter represents a significant evolution of classical moving average crossover methodology. Through the implementation of a sophisticated triple-filter system, this indicator achieves superior performance metrics while maintaining the simplicity and interpretability that make moving average systems popular among traders.
The indicator's robust theoretical foundation, empirical validation, and practical applicability make it a valuable addition to any trader's technical analysis toolkit. Its systematic approach to signal generation and false positive reduction addresses key limitations of traditional crossover systems while preserving their fundamental strengths.
## REFERENCES
1. Granville, J. (1963). "Granville's New Key to Stock Market Profits"
2. Appel, G. (1979). "The Moving Average Convergence-Divergence Trading Method"
3. Wilder, J.W. (1978). "New Concepts in Technical Trading Systems"
4. Murphy, J.J. (1999). "Technical Analysis of the Financial Markets"
5. Pring, M.J. (2002). "Technical Analysis Explained"
(Mustang Algo) Stochastic RSI + Triple EMAStochastic RSI + Triple EMA (StochTEMA)
Overview
The Stochastic RSI + Triple EMA indicator combines the Stochastic RSI oscillator with a Triple Exponential Moving Average (TEMA) overlay to generate clear buy and sell signals on the price chart. By measuring RSI overbought/oversold conditions and confirming trend direction with TEMA, this tool helps traders identify high-probability entries and exits while filtering out noise in choppy markets.
Key Features
Stochastic RSI Calculation
Computes a standard RSI over a user-defined period (default 50).
Applies a Stochastic oscillator to the RSI values over a second user-defined period (default 50).
Smooths the %K line by taking an SMA over a third input (default 3), and %D is an SMA of %K over another input (default 3).
Defines oversold when both %K and %D are below 20, and overbought when both are above 80.
Triple EMA (TEMA)
Calculates three successive EMAs on the closing price with the same length (default 9).
Combines them using TEMA = 3×(EMA1 – EMA2) + EMA3, producing a fast-reacting trend line.
Bullish trend is identified when price > TEMA and TEMA is rising; bearish trend when price < TEMA and TEMA is falling; neutral/flat when TEMA change is minimal.
Signal Logic
Strong Buy: Previous bar’s Stoch RSI was oversold (both %K and %D < 20), %K crosses above %D, and TEMA is in a bullish trend.
Medium Buy: %K crosses above %D (without requiring oversold), TEMA is bullish, and previous %K < 50.
Weak Buy: Previous bar’s %K and %D were oversold, %K crosses above %D, TEMA is flat or bullish (not bearish).
Strong Sell: Previous bar’s Stoch RSI was overbought (both %K and %D > 80), %K crosses below %D, and TEMA is bearish.
Medium Sell: %K crosses below %D (without requiring overbought), TEMA is bearish, and previous %K > 50.
Weak Sell: Previous bar’s %K and %D were overbought, %K crosses below %D, TEMA is flat or bearish (not bullish).
Visual Elements on Chart
TEMA Line: Plotted in cyan (#00BCD4) with a medium-thick line for clear trend visualization.
Buy/Sell Markers:
BUY STRONG: Lime label below the candle
BUY MEDIUM: Green triangle below the candle
BUY WEAK: Semi-transparent green circle below the candle
SELL STRONG: Red label above the candle
SELL MEDIUM: Orange triangle above the candle
SELL WEAK: Semi-transparent orange circle above the candle
Candle & Background Coloring: When a strong buy or sell signal occurs, the candle body is tinted (semi-transparent lime/red) and the chart background briefly flashes light green (buy) or light red (sell).
Dynamic Support/Resistance:
On a strong buy signal, a green dot is plotted under that bar’s low as a temporary support marker.
On a strong sell signal, a red dot is plotted above that bar’s high as a temporary resistance marker.
Alerts
Strong Buy Alert: Triggered when Stoch RSI is oversold, %K crosses above %D, and TEMA is bullish.
Strong Sell Alert: Triggered when Stoch RSI is overbought, %K crosses below %D, and TEMA is bearish.
General Buy Alert: Triggered on any bullish crossover (%K > %D) when TEMA is not bearish.
General Sell Alert: Triggered on any bearish crossover (%K < %D) when TEMA is not bullish.
Inputs
Stochastic RSI Settings (group “Stochastic RSI”):
K (smoothK): Period length for smoothing the %K line (default 3, minimum 1)
D (smoothD): Period length for smoothing the %D line (default 3, minimum 1)
RSI Length (lengthRSI): Number of bars used for the RSI calculation (default 50, minimum 1)
Stochastic Length (lengthStoch): Number of bars for the Stochastic oscillator applied to RSI (default 50, minimum 1)
RSI Source (src): Price source for the RSI (default = close)
TEMA Settings (group “Triple EMA”):
TEMA Length (lengthTEMA): Number of bars used for each of the three EMAs (default 9, minimum 1)
How to Use
Add the Script
Copy and paste the indicator code into TradingView’s Pine Editor (version 6).
Save the script and add it to your chart as “Stochastic RSI + Triple EMA (StochTEMA).”
Adjust Inputs
Choose shorter lengths for lower timeframes (e.g., intraday scalping) and longer lengths for higher timeframes (e.g., swing trading).
Fine-tune the Stochastic RSI parameters (K, D, RSI Length, Stochastic Length) to suit the volatility of the instrument.
Modify TEMA Length if you prefer a faster or slower moving average response.
Interpret Signals
Primary Entries/Exits: Focus on “BUY STRONG” and “SELL STRONG” signals, as they require both oversold/overbought conditions and a confirming TEMA trend.
Confirmation Signals: Use “BUY MEDIUM”/“BUY WEAK” to confirm or add to an existing position when the market is trending. Similarly, “SELL MEDIUM”/“SELL WEAK” can be used to scale out or confirm bearish momentum.
Support/Resistance Dots: These help identify recent swing lows (green dots) and swing highs (red dots) that were tagged by strong signals—useful to place stop-loss or profit-target orders.
Set Alerts
Open the Alerts menu (bell icon) in TradingView, choose this script, and select the desired alert condition (e.g., “BUY Signal Strong”).
Configure notifications (popup, email, webhook) according to your trading workflow.
Notes & Best Practices
Filtering False Signals: By combining Stoch RSI crossovers with TEMA trend confirmation, most false breakouts during choppy price action are filtered out.
Timeframe Selection: This indicator works on all timeframes, but shorter timeframes may generate frequent signals—consider higher-timeframe confirmation when trading lower timeframes.
Risk Management: Always use proper position sizing and stop-loss placement. An “oversold” or “overbought” reading can remain extended for some time in strong trends.
Backtesting/Optimization: Before live trading, backtest different parameter combinations on historical data to find the optimal balance between sensitivity and reliability for your chosen instrument.
No Guarantee of Profits: As with any technical indicator, past performance does not guarantee future results. Use in conjunction with other forms of analysis (volume, price patterns, fundamentals).
Author: Your Name or Username
Version: 1.0 (Pine Script v6)
Published: June 2025
Feel free to customize input values and visual preferences. If you find bugs or have suggestions for improvements, open an issue or leave a comment below. Trade responsibly!
HARSI PRO v2 - Advanced Adaptive Heikin-Ashi RSI OscillatorThis script is a fully re-engineered and enhanced version of the original Heikin-Ashi RSI Oscillator created by JayRogers. While it preserves the foundational concept and visual structure of the original indicatorusing Heikin-Ashi-style candles to represent RSI movementit introduces a range of institutional-grade engines and real-time analytics modules.
The core idea behind HARSI is to visualize the internal structure of RSI behavior using candle representations. This gives traders a clearer sense of trend continuity, exhaustion, and momentum inflection. In this upgraded version, the system is extended far beyond basic visualization into a comprehensive diagnostic and context-tracking tool.
Core Enhancements and Features
1. Heikin-Ashi RSI Candles
The base HARSI logic transforms RSI values into open, high, low, and close components, which are plotted as Heikin-Ashi-style candles. The open values are smoothed with a user-controlled bias setting, and the high/low are calculated from zero-centered RSI values.
2. Smoothed RSI Histogram and Plot
A secondary RSI plot and histogram are available for traditional RSI interpretation, optionally smoothed using a custom midpoint EMA process.
3. Dynamic Stochastic RSI Ribbon
The indicator optionally includes a smoothed Stochastic RSI ribbon with directional fill to highlight acceleration and reversal zones.
4. Real-Time Meta-State Engine
This engine determines the current market environmentneutral, breakout, or reversalbased on multiple adaptive conditions including volatility compression, momentum thrust, volume behavior, and composite reversal scoring.
5. Adaptive Overbought/Oversold Zone Engine
Instead of using fixed RSI thresholds, this engine dynamically adjusts OB/OS boundaries based on recent RSI range and normalized price volatility. This makes the OB/OS levels context-sensitive and more accurate across different instruments and regimes.
6. Composite Reversal Score Engine
A real-time score between 0 and 5 is generated using four components:
* OB/OS proximity (zone score)
* RSI slope behavior
* Volume state (burst or exhaustion)
* Trend continuation penalty based on position versus trend bias
This score allows for objective filtering of reversal zones and breakout traps.
7. Kalman Velocity Filter
A Kalman-style adaptive smoothing filter is applied to RSI for calculating velocity and acceleration. This allows for real-time detection of stalls and thrusts in RSI behavior.
8. Predictive Breakout Estimator
Uses ATR compression and RSI thrusting conditions to detect likely breakout environments. This logic contributes to the Meta-State Engine and the Breakout Risk dashboard metric.
9. Volume Acceleration Model
Real-time detection of volume bursts and fades based on VWMA baselines. Volume exhaustion warnings are used to qualify or disqualify reversals and breakouts.
10. Trend Bias and Regime Detection
Uses RSI slope, HARSI body impulse, and normalized ATR to classify the current trend state and directional bias. This forms the basis for filtering false reversals during strong trends.
11. Dashboard with Tooltips
A clean, table displays six key metrics in real time:
* Meta State
* Reversal Score
* Trend Bias
* Volume State
* Volatility Regime
* Breakout Risk
Each cell includes a descriptive tooltip explaining why the value is being shown based on internal state calculations.
How It Works Internally
* The system calculates a zero-centered RSI and builds candle structures using high, low, and smoothed open/close values.
* Volatility normalization is used throughout the script, including ATR-based thresholds and dynamic scaling of OB/OS zones.
* Momentum is filtered through smoothed slope calculations and HARSI body size measurements.
* Volume activity is compared against VWMA using configurable multipliers to detect institutional-level activity or exhaustion.
* Each regime detection module contributes to a centralized metaState classifier that determines whether the environment is conducive to reversal, breakout, or neutral action.
* All major signal and context values are continuously updated in a dashboard table with logic-driven color coding and tooltips.
Based On and Credits
This script is based on the original Heikin-Ashi RSI Oscillator by JayRogers . All visual elements from the original version, including candle plotting and color configurations, have been retained and extended. Significant backend enhancements were added by AresIQ for the 2025 release. The script remains open-source under the original attribution license. Credit to JayRogers is preserved and required for any derivative versions.
MA Smoothed RSI For Loop | QuantPabloMA Smoothed Source For RSI Loop | Crypto_Mercenary_
Conceptual Foundation and Innovation
The "MA Smoothed Source For RSI Loop" indicator developed by Crypto_Mercenary_ innovates by smoothing the source data used for RSI calculation with various moving averages before feeding it into a for-loop scoring system. Rather than smoothing the RSI itself, this approach focuses on pre-processing the price data to reduce noise, thereby providing a cleaner input for RSI computation. The for-loop then evaluates this smoothed RSI to generate momentum signals, offering traders a refined method for detecting market trends and potential reversals.
Technical Composition and Calculation
The indicator's functionality is divided into two main parts:
Source Smoothing: Before calculating RSI, the source data (typically close price) is smoothed using one of several moving averages (EMA, SMA, WMA, VWMA, HMA, RMA, DEMA, or none) as selected by the user. This smoothing aims to filter out short-term volatility, providing a more consistent base for RSI calculation.
RSI Calculation and For-Loop Scoring:
RSI: Calculated using the smoothed source data over a user-defined length.
For-Loop Mechanism: A loop runs from a to b, comparing the current RSI value with past values of this smoothed RSI. A score (counter) is generated, which increases or decreases based on whether the current RSI exceeds or falls below past values. If the weighted option is activated, this comparison gives more weight to recent data points, adjusting the score accordingly.
The final score is then potentially normalized for better interpretation, compared against thresholds to determine market momentum signals.
Features and User Inputs
This indicator is highly customizable, allowing traders to tailor its behavior:
Weighted Calculation: Option to adjust scoring to favor recent price action.
RSI Length: Sets the period for RSI calculation.
Source: The price data to be smoothed before RSI calculation, default is close.
MA Type: Choice from various moving averages to smooth the source data.
Smooth Length: Length of the moving average used for smoothing.
For Loop Range: Defines the historical range (a to b) for the scoring loop.
Thresholds: Custom thresholds to define when signals for uptrends or downtrends are generated.
Practical Applications
This indicator is particularly beneficial for:
Identifying Momentum Shifts: The scoring system helps in detecting potential changes in market momentum.
Noise Reduction: By smoothing the source data, it aims to provide more reliable RSI signals in volatile markets.
Trend Analysis: Assists in confirming or challenging the current market trend based on the smoothed RSI's performance.
Advantages and Strategic Value
The "MA Smoothed Source For RSI Loop" offers an advantage by focusing on cleaning the input data for RSI, which can lead to more accurate momentum readings. Its flexibility in configuration allows traders to adapt the indicator to different market conditions or asset volatilities, enhancing its strategic value in trading decisions.
Alerts and Visual Cues
Visual Signals: The indicator plots the loop score, with colors indicating uptrends (gold) or downtrends (blue). Horizontal lines at thresholds and shaded areas between them provide visual aids for trend analysis.
**No explicit alerts in the script, but users can set up custom alerts based on the signals.
Summary and Usage Tips
The "MA Smoothed Source For RSI Loop | Crypto_Mercenary_" provides a nuanced approach to RSI by smoothing the price data before its calculation, resulting in potentially more reliable signals. Traders can use this indicator to gain a clearer picture of market momentum, adjusting parameters to fit different market behaviors or trading strategies. Remember, the effectiveness of this tool largely depends on its customization to the specific market context.
Note: Backtests are based on past results and do not guarantee future performance.
Volume-Based RSI Color Indicator with MAsVolume-Based RSI Color Indicator with MAs
Overview
This script combines the Relative Strength Index (RSI) with volume analysis to provide an enhanced perspective on market conditions. By dynamically coloring the RSI line based on overbought/oversold conditions and volume thresholds, this indicator helps traders quickly identify high-probability reversal zones. Additionally, it incorporates short-term and long-term moving averages (MAs) of the RSI for trend analysis, making it a versatile tool for scalping and swing trading strategies.
Key Features
Dynamic RSI Color Coding:
The RSI line changes color based on two conditions:
Overbought/High Volume: RSI is above the overbought threshold (default: 70) and volume exceeds the average volume by a user-defined multiplier (default: 2.0). The line turns red, indicating potential reversal zones.
Oversold/High Volume: RSI is below the oversold threshold (default: 30) and volume exceeds the average volume by the multiplier. The line turns green, suggesting potential buying opportunities.
Neutral Conditions: Default blue color for all other scenarios.
Volume Integration:
Unlike standard RSI indicators, this script incorporates volume data to refine signals, helping traders avoid false signals in low-volume environments.
RSI Moving Averages:
Two moving averages of the RSI (short-term and long-term) provide trend context:
200-period MA: Highlights the long-term trend in RSI values.
20-period MA: Shows short-term fluctuations for quick decision-making.
Both MAs can be calculated using Simple or Exponential methods, giving users flexibility.
Visual Aids:
Horizontal lines at the overbought (70) and oversold (30) levels help define the boundaries of expected price action extremes.
How It Works
The script calculates the RSI over a user-defined length (default: 14).
Volume data is compared to its moving average to determine if it exceeds the user-defined high-volume threshold.
When RSI and volume conditions align, the RSI line is dynamically colored to indicate potential overbought/oversold zones.
The RSI moving averages provide additional context to confirm trends or reversals.
How to Use
Identify Reversal Zones:
Look for green RSI signals in oversold conditions to identify potential buying opportunities.
Look for red RSI signals in overbought conditions to identify potential selling opportunities.
Use Moving Averages for Confirmation:
When the RSI is above its 200-period MA, the long-term trend is bullish; consider only long trades.
When the RSI is below its 200-period MA, the trend is bearish; consider only short trades.
Combine with Other Tools:
This indicator works best when used alongside price action analysis, candlestick patterns, or support/resistance levels.
Originality
This script is unique in combining volume analysis with RSI and RSI-specific moving averages. While many indicators focus on RSI or volume separately, this script marries these two key metrics to filter out weak signals and improve trade decision accuracy.
Chart Recommendations
Clean Chart: Use this indicator on a clean chart without additional overlays for maximum clarity.
Timeframes: Works well on intraday charts (e.g., 5m, 15m) for scalping and on higher timeframes (e.g., 1H, 4H, Daily) for swing trading.
Disclaimer
This indicator is a tool to aid trading decisions and should not be used in isolation. Always consider other factors such as market conditions, news events, and risk management.
Custom RSI & MACD Momentum Entry SignalsIndicator Explanation: Custom RSI & MACD Momentum Entry Signals
Introduction
The "Custom RSI & MACD Momentum Entry Signals" indicator combines the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) to generate precise long and short entry signals. This indicator offers a powerful combination of overbought/oversold zones, momentum analysis, and RSI-EMA crossovers to assist traders in making better decisions.
How the Indicator Works
1. RSI Calculation and EMA
The RSI is calculated based on the closing price with an adjustable period (default: 14).
An Exponential Moving Average (EMA) of the RSI (default: 9) is plotted to identify RSI trend changes.
When the RSI crosses its EMA upwards, it signals a bullish impulse. Conversely, a downward cross indicates a bearish impulse.
2. MACD Calculation and Momentum Shifts
The MACD line is derived from the difference between a fast EMA (default: 12) and a slow EMA (default: 26).
The Signal line is the EMA of the MACD line (default: 9).
The MACD histogram represents the difference between the MACD line and the Signal line.
Momentum shifts are detected as follows:
Weakening Bearish: Histogram is negative but increasing (less bearish pressure).
Strengthening Bullish: Histogram is positive and rising.
Weakening Bullish: Histogram is positive but decreasing.
Strengthening Bearish: Histogram is negative and falling.
Signal Generation
Long Signals
A Long signal is triggered when all of the following conditions are met:
The RSI was previously below 30 (oversold condition).
MACD momentum shifts from "strengthening bearish" to "weakening bearish" or turns bullish.
The RSI crosses its EMA upwards.
A green upward arrow is displayed below the bar, and the background is lightly shaded green for additional visualization.
Short Signals
A Short signal is triggered when all of the following conditions are met:
The RSI was previously above 70 (overbought condition).
MACD momentum shifts from "strengthening bullish" to "weakening bullish" or turns bearish.
The RSI crosses its EMA downwards.
A red downward arrow is displayed above the bar, and the background is lightly shaded red for additional visualization.
Visual Elements
RSI and EMA:
The RSI is shown in purple.
The RSI EMA is shown in blue.
Horizontal lines at 30 (oversold) and 70 (overbought) provide additional context.
MACD:
The MACD line is displayed in blue.
The Signal line is displayed in orange.
The zero line is added for easier interpretation.
Signals:
Green arrows: Long signals.
Red arrows: Short signals.
Background color: Light green for long conditions, light red for short conditions.
Use Cases
This indicator is ideal for:
Trend Followers: Combining RSI and MACD allows traders to identify entry points during impulsive trend shifts.
Swing Traders: Long and short signals can be used at reversal points to capture short-term price movements.
Momentum Traders: By considering MACD momentum, the indicator provides additional confidence in signal generation.
Customizable Settings
The indicator provides flexible input options:
RSI Period (default: 14)
RSI EMA Period (default: 9)
MACD Parameters: Fast, slow, and signal EMAs can be adjusted.
Conclusion
The Custom RSI & MACD Momentum Entry Signals indicator is a powerful tool for traders looking to combine RSI and MACD to identify high-probability entry signals. With clear visualization and precise signal generation, traders can make decisions more efficiently and capitalize on market movements.
MACD+RSI+BBDESCRIPTION
The MACD + RSI + Bollinger Bands Indicator is a comprehensive technical analysis tool designed for traders and investors to identify potential market trends and reversals. This script combines three indicators: the Moving Average Convergence Divergence (MACD), the Relative Strength Index (RSI), and Bollinger Bands. Each of these indicators provides unique insights into market behavior.
FEATURES
MACD (Moving Average Convergence Divergence)
The MACD is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price.
The script calculates the MACD line, the signal line, and the histogram, which visually represents the difference between the MACD line and the signal line.
RSI (Relative Strength Index)
The RSI is a momentum oscillator that measures the speed and change of price movements. It ranges from 0 to 100 and is typically used to identify overbought or oversold conditions.
The script allows users to set custom upper and lower thresholds for the RSI, with default values of 70 and 30, respectively.
Bollinger Bands
Bollinger Bands consist of a middle band (EMA) and two outer bands (standard deviations away from the EMA). They help traders identify volatility and potential price reversals.
The script allows users to customize the length of the Bollinger Bands and the multiplier for the standard deviation.
Color-Coding Logic
The histogram color changes based on the following conditions:
Black: If the RSI is above the upper threshold and the closing price is above the upper Bollinger Band, or if the RSI is below the lower threshold and the closing price is below the lower Bollinger Band.
Green (#4caf50): If the RSI is above the upper threshold but the closing price is not above the upper Bollinger Band.
Light Green (#a5d6a7): If the histogram is positive and the RSI is not above the upper threshold.
Red (#f23645): If the RSI is below the lower threshold but the closing price is not below the lower Bollinger Band.
Light Red (#faa1a4): If the histogram is negative and the RSI is not below the lower threshold.
Inputs
Bollinger Bands Settings
Length: The number of periods for the moving average.
Basis MA Type: The type of moving average (SMA, EMA, SMMA, WMA, VWMA).
Source: The price source for the Bollinger Bands calculation.
StdDev: The multiplier for the standard deviation.
RSI Settings
RSI Length: The number of periods for the RSI calculation.
RSI Upper: The upper threshold for the RSI.
RSI Lower: The lower threshold for the RSI.
Source: The price source for the RSI calculation.
MACD Settings
Fast Length: The length for the fast moving average.
Slow Length: The length for the slow moving average.
Signal Smoothing: The length for the signal line smoothing.
Oscillator MA Type: The type of moving average for the MACD calculation.
Signal Line MA Type: The type of moving average for the signal line.
Usage
This indicator is suitable for various trading strategies, including day trading, swing trading, and long-term investing.
Traders can use the MACD histogram to identify potential buy and sell signals, while the RSI can help confirm overbought or oversold conditions.
The Bollinger Bands provide context for price volatility and potential breakout or reversal points.
Example:
From the example, it can clearly see that the Selling Climax and Buying Climax, marked as orange circle when a black histogram occurs.
Conclusion
The MACD + RSI + Bollinger Bands Indicator is a versatile tool that combines multiple technical analysis methods to provide traders with a comprehensive view of market conditions. By utilizing this script, traders can enhance their analysis and improve their decision-making process.
MCDX+RSI+SMA[THANHCONG]### Detailed Analysis of the MCDX+RSI+SMA Indicator
The MCDX+RSI+SMA indicator is designed to help investors conduct a deeper analysis of market trends by combining multiple technical factors into a single chart. This integration of popular indicators such as RSI, SMA, and Stochastic RSI provides investors with a comprehensive view of market movements, particularly in distinguishing between "Banker" and "Hot Money"—representing large and small capital flows.
#### Key Components of the Indicator:
1. **RSI for Banker and Hot Money:**
- **RSI (Relative Strength Index)** is a momentum oscillator that measures the speed and change of price movements, indicating overbought or oversold conditions. In this indicator, there are two distinct RSI lines configured for Banker (large capital) and Hot Money (small capital).
- Investors can adjust parameters like the RSI calculation period, baseline levels, and sensitivity for each type of capital flow, providing flexibility to adapt to varying market conditions.
2. **Moving Average (MA) of RSI:**
- The indicator employs two common types of Moving Averages: **SMA (Simple Moving Average)** and **EMA (Exponential Moving Average)**. These help smooth the RSI signals for Banker, offering a clearer view of the long-term trend of large capital in the market.
- Investors can select the type and period of the MA, allowing them to optimize the indicator for their trading style.
3. **Stochastic RSI:**
- The **Stochastic RSI** is incorporated to monitor overbought and oversold conditions over a specified timeframe. Parameters related to %K and %D of the Stochastic can also be adjusted to refine the accuracy of market signal analysis.
- A notable feature is the normalization of %K and %D on a 0-20 scale, making these lines compatible with other RSI charts, thus providing consistency in evaluating market strength.
4. **Overbought and Oversold Levels:**
- The indicator includes reference lines for overbought and oversold levels, aiding investors in identifying potential reversal zones in the market. This helps to avoid buying at excessively high prices or selling at excessively low prices.
#### Benefits for Investors:
- **Comprehensive View:** The indicator combines insights from both large (Banker) and small (Hot Money) capital flows, enabling investors to analyze not just trends but also the participation of each type of capital in the market.
- **Enhanced Technical Analysis:** By integrating multiple technical indicators within a single chart, investors can track important factors such as market momentum, overbought/oversold conditions, and capital flow shifts without needing to switch between various charts.
- **Flexibility and Customization:** The indicator allows adjustment of key parameters like the RSI period, sensitivity, type of MA, and Stochastic RSI settings, enabling investors to tailor the indicator to their trading strategy and timeframe.
- **Higher Reliability:** The combination of indicators like RSI, Stochastic RSI, and MA helps investors confirm trading signals more confidently. For instance, when both RSI and Stochastic RSI indicate overbought conditions, the likelihood of a reversal may be higher, reducing risk for investors.
#### Unique Features of the Indicator:
The MCDX+RSI+SMA indicator is a unique tool that integrates various market analysis factors into a single framework. This not only provides investors with a complete view of capital flows but also aids in optimizing decision-making based on multiple market aspects. Furthermore, its customizable parameters make it suitable for various trading strategies, from short-term to long-term.
RishiMoney RSIRishiMoney RSI
The "RishiMoney RSI" indicator is designed for traders who want to leverage the power of the Relative Strength Index (RSI) across multiple timeframes.
In addition to regular RSI, this script allows the users to select custom timeframes for two additional RSI calculations, making it easier to identify trends, reversals, and potential entry or exit points.
USAGE
While Returning the same information as a regular RSI the RishiMoney RSI provides two more RSI calculations One for Lagrgest Timeframe and one for middle Timeframe so that the users need not to check for higher timeframes separately Which is very Time consuming. This script solves the problem of time taking process of checking different timeframes RSI calculations.
This script is ideal for traders who want to confirm their analysis across multiple timeframes. By comparing the main RSI with larger and intermediate timeframes, traders can better understand the market's momentum and make more informed decisions.
The RishiMoney RSI crossing above the overbought level can be indicative of a strong uptrend which is highlighted as a green gradient area, while when RishiMoney RSI is crossing under the oversold level can be indicative of a strong downtrend which is highlighted as a red area.
Key Features:
Customizable RSI Period: Set your preferred RSI period for precise calculation and analysis.
Multi-Timeframe RSI:
Largest RSI Timeframe: Choose the largest timeframe for your analysis (Monthly, Weekly, Daily, Hourly, 15 minutes, or 5 minutes).
Middle RSI Timeframe: Select an intermediate timeframe for comparison with the main RSI.
Overbought and Oversold Levels: The indicator includes customizable overbought and oversold levels, which are clearly marked on the chart with dynamic bands.
Alerts: Set up alerts for when the RSI crosses into overbought or oversold territory, so you never miss a potential trading opportunity.
Visual Clarity: The script plots the RSI for your selected timeframes with distinct colors, helping you quickly identify trends across different timeframes.
This script is provided for educational purposes only and should not be considered financial advice. Always conduct your own research and consult with a financial advisor before making any trading decisions.
Market Cipher B by WeloTradesMarket Cipher B by WeloTrades: Detailed Script Description
//Overview//
"Market Cipher B by WeloTrades" is an advanced trading tool that combines multiple technical indicators to provide a comprehensive market analysis framework. By integrating WaveTrend, RSI, and MoneyFlow indicators, this script helps traders to better identify market trends, potential reversals, and trading opportunities. The script is designed to offer a holistic view of the market by combining the strengths of these individual indicators.
//Key Features and Originality//
WaveTrend Analysis:
WaveTrend Channel (WT1 and WT2): The core of this script is the WaveTrend indicator, which uses the smoothed average of typical price to identify overbought and oversold conditions. WT1 and WT2 are calculated to track market momentum and cyclical price movements.
Major Divergences (🐮/🐻): The script detects and highlights major bullish and bearish divergences automatically, providing traders with visual cues for potential reversals. This helps in making informed decisions based on divergence patterns.
Relative Strength Index (RSI):
RSI Levels: RSI is used to measure the speed and change of price movements, with specific levels indicating overbought and oversold conditions.
Customizable Levels: Users can configure the overbought and oversold thresholds, allowing for a tailored analysis based on individual trading strategies.
MoneyFlow Indicator:
Fast and Slow MoneyFlow: This indicator tracks the flow of capital into and out of the market, offering insights into the underlying market strength. It includes configurable periods and multipliers for both fast and slow MoneyFlow.
Vertical Positioning: The script allows users to adjust the vertical position of MoneyFlow plots to maintain a clear and uncluttered chart.
Stochastic RSI:
Stochastic RSI Levels: This combines the RSI and Stochastic indicators to provide a momentum oscillator that is sensitive to price changes. It is used to identify overbought and oversold conditions within a specified period.
Customizable Levels: Traders can set specific levels for more precise analysis.
//How It Works//
The script integrates these indicators through advanced algorithms, creating a synergistic effect that enhances market analysis. Here’s a detailed explanation of the underlying concepts and calculations:
WaveTrend Indicator:
Calculation: WaveTrend is based on the typical price (average of high, low, and close) smoothed over a specified channel length. WT1 and WT2 are derived from this typical price and further smoothed using the Average Channel Length. The difference between WT1 and WT2 indicates momentum, helping to identify cyclical market trends.
RSI (Relative Strength Index):
Calculation: RSI calculates the average gains and losses over a specified period to measure the speed and change of price movements. It oscillates between 0 and 100, with levels set to identify overbought (>70) and oversold (<30) conditions.
MoneyFlow Indicator:
Calculation: MoneyFlow is derived by multiplying price changes by volume and smoothing the results over specified periods. Fast MoneyFlow reacts quickly to price changes, while Slow MoneyFlow offers a broader view of capital movement trends.
Stochastic RSI:
Calculation: Stochastic RSI is computed by applying the Stochastic formula to RSI values, which highlights the RSI’s relative position within its range over a given period. This helps in identifying momentum shifts more precisely.
//How to Use the Script//
Display Settings:
Users can enable or disable various components like WaveTrend OB & OS levels, MoneyFlow plots, and divergence alerts through checkboxes.
Example: Turn on "Show Major Divergence" to see major bullish and bearish divergence signals directly on the chart.
Adjust Channel Settings:
Customize the data source, channel length, and smoothing periods in the "WaveTrend Channel SETTINGS" group.
Example: Set the "Channel Length" to 10 for a more responsive WaveTrend line or adjust the "Average Channel Length" to 21 for smoother trends.
Set Overbought & Oversold Levels:
Configure levels for WaveTrend, RSI, and Stochastic RSI in their respective settings groups.
Example: Set the WaveTrend Overbought Level to 60 and Oversold Level to -60 to define critical thresholds.
Money Flow Settings:
Adjust the periods and multipliers for Fast and Slow MoneyFlow indicators, and set their vertical positions for better visualization.
Example: Set the Fast Money Flow Period to 9 and Slow Money Flow Period to 12 to capture both short-term and long-term capital movements.
//Justification for Combining Indicators//
Enhanced Market Analysis:
Combining WaveTrend, RSI, and MoneyFlow provides a more comprehensive view of market conditions. Each indicator brings a unique perspective, making the analysis more robust.
WaveTrend identifies cyclical trends, RSI measures momentum, and MoneyFlow tracks capital movement. Together, they provide a multi-dimensional analysis of the market.
Improved Decision-Making:
By integrating these indicators, the script helps traders make more informed decisions. For example, a bullish divergence detected by WaveTrend might be validated by an RSI moving out of oversold territory and supported by increasing MoneyFlow.
Customization and Flexibility:
The script offers extensive customization options, allowing traders to tailor it to their specific needs and strategies. This flexibility makes it suitable for different trading styles and timeframes.
//Conclusion//
The indicator stands out due to its innovative combination of WaveTrend, RSI, and MoneyFlow indicators, offering a well-rounded tool for market analysis. By understanding how each component works and how they complement each other, traders can leverage this script to enhance their market analysis and trading strategies, making more informed and confident decisions.
Remember to always backtest the indicator first before implying it to your strategy.
Median RSI**Description:**
The "Median RSI with Buy/Sell Signals and Bar Color" indicator on TradingView calculates the median Relative Strength Index (RSI) alongside buy and sell signals and customizable bar colors. RSI is a momentum oscillator that measures the speed and change of price movements. This indicator provides traders with insights into the relative strength of a security by comparing its recent gains to its recent losses.
**How it Works:**
1. **RSI Calculation:** The script computes the RSI using a specified length parameter. This RSI value indicates whether a security is overbought or oversold, helping traders identify potential reversal points.
2. **Median RSI Calculation:** It calculates the highest and lowest RSI values over a certain period and finds the median value. This median RSI acts as a benchmark, guiding traders in assessing the relative strength of a security compared to its recent performance.
3. **Bar Color Customization:** The script allows users to customize the bar color based on the relationship between the RSI and the median RSI. Bars are colored differently to visually represent whether the RSI is above, below, or equal to the median RSI. Additionally, the script highlights bars when they cross the median RSI, providing visual cues for potential shifts in market momentum.
**Benefits:**
- **RSI Insights:** Provides insights into the relative strength of a security by comparing its recent gains to its recent losses.
- **Buy/Sell Signals:** Generates buy and sell signals based on the RSI crossing above or below the median RSI, aiding traders in timing their trades.
- **Customizable Bar Colors:** Allows traders to customize bar colors based on the relationship between the RSI and the median RSI, facilitating quick visual analysis.
- **Visual Representation:** Visualizes the RSI median RSI, and bar color on the price chart for easy interpretation.
**Ideal Usage:**
- **Trend Confirmation:** Traders can use the indicator to confirm the direction of the trend before entering trades.
- **Reversal Signals:** Changes in RSI direction, indicated by crosses above or below the median RSI, can signal potential reversals in market momentum.
- **Combination with Other Indicators:** It can be used in conjunction with other technical indicators to enhance trading strategies, providing additional confirmation signals.
**Warnings:**
- **False Signals:** Like any technical indicator, false signals may occur, especially during periods of low volume or choppy market conditions. Additional analysis and risk management techniques should be used to avoid potential losses.
- **Parameter Sensitivity:** Traders should test different parameter settings and consider market conditions when using the indicator, as adjustments may affect its sensitivity to price movements.
By providing insights into RSI dynamics, and offering customizable bar colors, the "Median RSI with Buy/Sell Signals and Bar Color" indicator equips traders with valuable tools for technical analysis and decision-making in the financial markets.
Market Structure RSIDescription:
The Market Structure RSI is an innovative indicator that combines the power of the Relative Strength Index (RSI) with market structure analysis to provide a unique perspective on the market. This indicator helps traders identify potential trend reversals and trading opportunities by analyzing the underlying market structure and generating overbought and oversold signals.
Key Features:
RSI Calculation: The indicator calculates a custom RSI based on the market structure, taking into account the formation of higher highs and lower lows. This unique approach to RSI calculation provides a more accurate representation of the market's strength and weakness.
Overbought and Oversold Levels: Users can customize the overbought and oversold levels according to their preferences. When the Market Structure RSI crosses above the oversold level, it generates a bullish signal, suggesting a potential long entry. Conversely, when the RSI crosses below the overbought level, it generates a bearish signal, indicating a potential short entry.
Moving Average: The indicator includes an optional moving average of the Market Structure RSI, which can be used to smooth out the RSI line and provide additional confirmation of trend reversals. Users can choose between EMA, SMA, and WMA and adjust the length of the moving average.
Customizable Close Type: The indicator allows users to define whether the market structure is deemed broken based on the candle close or the candle high/low. This flexibility enables traders to adapt the indicator to their preferred trading style and market conditions.
Visual Enhancements: The Market Structure RSI features gradient fills between the RSI line and the overbought/oversold levels, providing a clear visual representation of the market's strength. Additionally, the indicator plots bullish and bearish signals as circles on the RSI line, making it easy to identify potential entry points.
How to Use:
Add the Market Structure RSI to your chart and customize the settings according to your preferences, such as the RSI length, overbought and oversold levels, and moving average type and length.
Monitor the Market Structure RSI for crossovers above the oversold level or below the overbought level. A bullish signal occurs when the RSI crosses above the oversold level, while a bearish signal occurs when the RSI crosses below the overbought level.
Use the signals generated by the Market Structure RSI in conjunction with other technical analysis tools and price action patterns to confirm potential trade entries. The indicator works well as a complementary tool to support your existing trading strategy.
Consider the overall trend and market context when interpreting the signals generated by the Market Structure RSI. The indicator is most effective in trending markets and may produce less reliable signals in choppy or ranging market conditions.
Utilize sound risk management principles, such as setting appropriate stop-loss and take-profit levels, when trading based on the Market Structure RSI signals.
The Market Structure RSI offers a fresh perspective on the classic RSI indicator by incorporating market structure analysis. By combining the power of RSI with the identification of higher highs and lower lows, this indicator provides traders with a valuable tool for identifying potential trend reversals and trading opportunities. Whether you are a seasoned trader or just starting out, the Market Structure RSI can be a valuable addition to your technical analysis toolkit.
Heikin Ashi RSI + OTT [Erebor]Relative Strength Index (RSI)
The Relative Strength Index (RSI) is a popular momentum oscillator used in technical analysis to measure the speed and change of price movements. Developed by J. Welles Wilder, the RSI is calculated using the average gains and losses over a specified period, typically 14 days. Here's how it works:
Description and Calculation:
1. Average Gain and Average Loss Calculation:
- Calculate the average gain and average loss over the chosen period (e.g., 14 days).
- The average gain is the sum of gains divided by the period, and the average loss is the sum of losses divided by the period.
2. Relative Strength (RS) Calculation:
- The relative strength is the ratio of average gain to average loss.
The RSI oscillates between 0 and 100. Traditionally, an RSI above 70 indicates overbought conditions, suggesting a potential sell signal, while an RSI below 30 suggests oversold conditions, indicating a potential buy signal.
Pros of RSI:
- Identifying Overbought and Oversold Conditions: RSI helps traders identify potential reversal points in the market due to overbought or oversold conditions.
- Confirmation Tool: RSI can be used in conjunction with other technical indicators or chart patterns to confirm signals, enhancing the reliability of trading decisions.
- Versatility: RSI can be applied to various timeframes, from intraday to long-term charts, making it adaptable to different trading styles.
Cons of RSI:
- Whipsaws: In ranging markets, RSI can generate false signals, leading to whipsaws (rapid price movements followed by a reversal).
- Not Always Accurate: RSI may give false signals, especially in strongly trending markets where overbought or oversold conditions persist for extended periods.
- Subjectivity: Interpretation of RSI levels (e.g., 70 for overbought, 30 for oversold) is somewhat subjective and can vary depending on market conditions and individual preferences.
Checking RSIs in Different Periods:
Traders often use multiple timeframes to analyze RSI for a more comprehensive view:
- Fast RSI (e.g., 8-period): Provides more sensitive signals, suitable for short-term trading and quick decision-making.
- Slow RSI (e.g., 32-period): Offers a smoother representation of price movements, useful for identifying longer-term trends and reducing noise.
By comparing RSI readings across different periods, traders can gain insights into the momentum and strength of price movements over various timeframes, helping them make more informed trading decisions. Additionally, divergence between fast and slow RSI readings may signal potential trend reversals or continuation patterns.
Heikin Ashi Candles
Let's consider a modification to the traditional “Heikin Ashi Candles” where we introduce a new parameter: the period of calculation. The traditional HA candles are derived from the open 01, high 00 low 00, and close 00 prices of the underlying asset.
Now, let's introduce a new parameter, period, which will determine how many periods are considered in the calculation of the HA candles. This period parameter will affect the smoothing and responsiveness of the resulting candles.
In this modification, instead of considering just the current period, we're averaging or aggregating the prices over a specified number of periods . This will result in candles that reflect a longer-term trend or sentiment, depending on the chosen period value.
For example, if period is set to 1, it would essentially be the same as traditional Heikin Ashi candles. However, if period is set to a higher value, say 5, each candle will represent the average price movement over the last 5 periods, providing a smoother representation of the trend but potentially with delayed signals compared to lower period values.
Traders can adjust the period parameter based on their trading style, the timeframe they're analyzing, and the level of smoothing or responsiveness they prefer in their candlestick patterns.
Optimized Trend Tracker
The "Optimized Trend Tracker" is a proprietary trading indicator developed by TradingView user ANIL ÖZEKŞİ. It is designed to identify and track trends in financial markets efficiently. The indicator attempts to smooth out price fluctuations and provide clear signals for trend direction.
The Optimized Trend Tracker uses a combination of moving averages and adaptive filters to detect trends. It aims to reduce lag and noise typically associated with traditional moving averages, thereby providing more timely and accurate signals.
Some of the key features and applications of the OTT include:
• Trend Identification: The indicator helps traders identify the direction of the prevailing trend in a market. It distinguishes between uptrends, downtrends, and sideways consolidations.
• Entry and Exit Signals: The OTT generates buy and sell signals based on crossovers and direction changes of the trend. Traders can use these signals to time their entries and exits in the market.
• Trend Strength: It also provides insights into the strength of the trend by analyzing the slope and momentum of price movements. This information can help traders assess the conviction behind the trend and adjust their trading strategies accordingly.
• Filter Noise: By employing adaptive filters, the indicator aims to filter out market noise and false signals, thereby enhancing the reliability of trend identification.
• Customization: Traders can customize the parameters of the OTT to suit their specific trading preferences and market conditions. This flexibility allows for adaptation to different timeframes and asset classes.
Overall, the OTT can be a valuable tool for traders seeking to capitalize on trending market conditions while minimizing false signals and noise. However, like any trading indicator, it is essential to combine its signals with other forms of analysis and risk management strategies for optimal results. Additionally, traders should thoroughly back-test the indicator and practice using it in a demo environment before applying it to live trading.
The following types of moving average have been included: "SMA", "EMA", "SMMA (RMA)", "WMA", "VWMA", "HMA", "KAMA", "LSMA", "TRAMA", "VAR", "DEMA", "ZLEMA", "TSF", "WWMA". Thanks to the authors.
Thank you for your indicator “Optimized Trend Tracker”. © kivancozbilgic
Thank you for your programming language, indicators and strategies. © TradingView
Kind regards.
© Erebor_GIT
Trending RSI [ChartPrime]Trending RSI takes a new approach to RSI intended to provide all of the missing information that traditional RSI lacks. Questions such as "why does the price continue to decline even during an oversold period?" can be aided using the Trending RSI.
These types of movements are due to the market still trending and traditional RSI can not tell traders this. Trending RSI fixes this by introducing trend information back into the oscillator. By reverse engineering RSI we have been able to make a new indicator that is no longer bound between 0 and 100. Instead it provides the traditional 70 and 30 zones as bands, and 50 as a center line that still represent these zones perfectly. This transforms RSI into a centered oscillator instead of a normalized oscillator. When the market is trending our indicator represents this as the center line being below or above 0. Just like MACD the center line is colored to represent the market phases. This helps in identifying reversals more clearly by adding a layer of confluence to the already renowned RSI. We have also included a novel filtering technique that has a low lag to smoothing ratio. This is primarily used to smooth the bands by default but you can also utilize this on the RSI. Several alerts have been included to provide users with easy to configure signals.
You can use the center line as a directional filter for your trades by only picking trades in the direction of the center line. When the center line is above 0, the market is trending up. Conversely, when the center line is below 0 the market is trending down trend. Use the polarity of the center line to estimate the strength of retracements from the oversold and overbought zones. We have also included a special moving average to help you find the momentum of a move. The Binomial MA filter approximates a normal curve making it similar to a gaussian filter. We have also included standard divergences which are fully configurable in the settings. Finally, we have built this indicator to be compatible with the built in multi time frame option to allow users to freely pick the time frame they wish to use. It is worth noting that due to the limitations of the standard MTF implementation divergences will not plot as expected when using time frames outside of the charts time frame. This is standard and also affects the built in RSI.
All of the colors are fully adjustable with the option to enable or disable the glow effect. We have also designed this indicator to only display the information for plots that are enabled to reduce clutter and provide a cleaner charting experience. All alerts are built to work with the standard alert builder and do not have to be enabled or disabled inside of the indicator.
Included Alerts:
RSI Cross Over Center
RSI Cross Under Center
RSI Cross Under Upper Range
RSI Cross Over Upper Range
RSI Cross Over Lower Range
RSI Cross Under Lower Range
RSI Cross Over MA
RSI Cross Under MA
RSI Cross Over 0
RSI Cross Under 0
Center Cross Over 0
Center Cross Under 0
Center Bullish
Center Bearish
Bullish Divergence
Bearish Divergence
In wrapping up, the Trending RSI aims to enhance the conventional RSI by adding trend insights directly into the oscillator, addressing the gap that traditional RSI leaves regarding market trends. This version of RSI breaks away from the 0 to 100 range, offering bands and a center line that better represent market conditions. It includes a set of features like the Binomial MA for momentum analysis, configurable settings for divergence detection, and compatibility with multi-time frame analysis. The color customization and glow effects aim to improve visual clarity, and the inclusion of alerts is designed to streamline alert configuration. Overall, this indicator is designed to provide a more view of the markets, suitable for traders looking to incorporate trend analysis into their RSI-based strategies.
Enjoy
DOUBLE RSI+MA ALERTS SETUPThis is an indicator that provides two verses of relative force indices (RSI) - an RSI Rapid and an RSI Normal, but as moving media (MA) applied with an RSI Rapid for suavização.
Rapid RSI and Normal RSI:
Or RSI is a momentum indicator that mediates the speed and alteração of preço movements of an ativo. No script, we calculate the RSI variations:
O RSI Rápido, com um período configurável que por padrão é but curto (5 períodos), para reactor but quickly to these mudanças no preço.
Or RSI Normal, with a configured period, but with a maximum value (14 periods), proportionate to an analysis but correct.
Media Móvel do RSI Rápido:
We have a simple mobile media (SMA) application with RSI Rapido, using the same number of times as RSI to monitor variations and facilitate viewing of the direction of the trend.
Levels of Overbought and Oversold:
These are the levels of overbought (sobrevendido) and oversold (sobrecomprado). Therefore, the overbought level is set at 80 and the overbought level is 20, depending on the classic RSI settings.
Alert Conditions:
Criamos alert conditions to inform you when the RSI of each type is ultrapassed or they are not defined as overbought and oversold. Assim, we can be notified of potential entry points or conditions based on these extreme market conditions. These messages are personalized to ensure that you quickly identify when the RSI has disappeared or alerted you if it is an overbought or oversold condition.
Visualization Graphic:
The indicator plots as RSI Rapid and RSI Normal lines not graphically for visual analysis, but with horizontal lines indicating the level of overbought and oversold. A cor dessas linehas éjustável para clareza.
Informative Table:
The tab is added to the lower side of the graphic fornecendo values at the real time of the RSI Fast as the RSI Normal, making it easier to visualize quickly and to compare unless it is necessary to print directly for the graphic.
This script has a powerful ferrament for operators that provides integrated analysis of RSI into its strategies, offering flexibility to monitor the dynamics of the preço and different tempo scales. Personal alerts are particularly important to be aware of marketing conditions without the need for constant monitoring. Algum additional functionality that you find useful or extra personalization that you want?
Unbound RSIUnbound RSI
Description
The Unbound RSI or de-oscillated RSI indicator is a novel technical analysis indicator that combines the concepts of the Relative Strength Index (RSI) and moving averages, applied directly over the price chart. This indicator is unique in its approach by transforming the oscillatory nature of the RSI into a format that aligns with the price action, thereby offering a distinctive view of market momentum and trends.
Key Features
Multi-Length RSI Analysis: Incorporates three different lengths of RSI (short, medium, and long), providing insights into the momentum and trend strength at various timeframes.
Deoscillation of RSI: The RSI for each length is 'deoscillated' by adjusting its scale to align with the actual price movements. This is achieved by shifting and scaling the RSI values, effectively merging them with the price line.
Average True Range (ATR) Scaling: The deoscillation process includes scaling by the Average True Range (ATR), making the indicator responsive to the asset’s volatility.
Optional Smoothing: Provides an option to apply a simple moving average (SMA) smoothing to each deoscillated RSI line, reducing noise and highlighting more significant trends.
Dynamic Moving Average (MA) Baseline: Features a moving average calculated from the medium length (default value) de-oscillated RSI, serving as a dynamic baseline to identify overarching trends.
How It’s Different
Unlike standard RSI indicators that oscillate in a fixed range, this indicator transforms the RSI to move in tandem with the price, offering a unique perspective on momentum and trend changes. The use of multiple timeframes for RSI and the inclusion of a dynamic MA baseline provide a multifaceted view of market conditions.
Potential Usage
Trend Identification: The position of the price in relation to the different deoscillated RSI lines and the MA baseline can indicate the prevailing market trend.
Momentum Shifts: Crossovers of the price with the deoscillated RSI lines or the MA baseline can signal potential shifts in momentum, offering entry or exit points.
Volatility Awareness: The ATR-based scaling of the deoscillated RSI lines means the indicator adjusts to changes in volatility, potentially offering more reliable signals in different market conditions.
Comparative Analysis: By comparing the short, medium, and long deoscillated RSI lines, traders can gauge the strength of trends and the convergence or divergence of momentum across timeframes.
Best Practices
Backtesting: Given its novel nature, it’s crucial to backtest the indicator across different assets and market conditions.
Complementary Tools: Combine with other technical analysis tools (like support/resistance levels, other oscillators, volume analysis) for more robust trading signals.
Risk Management: Always use sound risk management strategies, as no single indicator provides foolproof signals.
