Relative Strength Index(RSI)- Range (60-40)Custom RSI Indicator:
The Custom RSI Indicator is a technical analysis tool designed to assess the momentum of a financial instrument's price movements within a specified range. Unlike the traditional RSI, which typically operates within a range of 0 to 100, this customized version focuses on a narrower spectrum between 40 and 60, providing clearer signals for traders.
Key Features:
Bullish and Bearish Zones: The indicator delineates between bullish and bearish sentiment. When the RSI value climbs above 60, it signals bullish momentum, indicating potential uptrends in the price. Conversely, when the RSI dips below 40, it suggests bearish sentiment, signaling potential downtrends.
Overbought and Oversold Conditions: Additionally, the Custom RSI Indicator identifies extreme market conditions. When the RSI surpasses 80 , it denotes overbought territory, suggesting that the asset may be overvalued and prone to a reversal or correction. Conversely, when the RSI falls below 30 , it indicates oversold conditions, suggesting that the asset may be undervalued and ripe for a potential rebound.
Default RSI Comparison: The Custom RSI Indicator can be compared against the traditional RSI for added context. While the customized range provides more precise signals within the 60-40 spectrum, referencing the default RSI can offer broader insights into market dynamics.
Usage:
Trend Identification: Traders can utilize the Custom RSI Indicator to identify potential trend reversals or continuations based on shifts in momentum within the specified range.
Confirmation Tool: It can serve as a confirmation tool alongside other technical indicators or price action analysis, enhancing the overall reliability of trading decisions.
Risk Management: By recognizing overbought and oversold conditions, traders can implement risk management strategies such as setting stop-loss orders or adjusting position sizes to mitigate potential losses.
Conclusion:
The Custom RSI Indicator offers traders a focused perspective on market momentum within the 60-40 range, facilitating more accurate assessments of bullish and bearish sentiment as well as identifying extreme market conditions. By incorporating this tool into their analysis, traders can make informed decisions and potentially improve their trading outcomes.
在腳本中搜尋"rsi"
Supertrended RSI [AlgoAlpha]🚀📈 Introducing the Supertrended RSI Indicator by AlgoAlpha!
Designed to empower your trading decisions, this innovative Pine Script™ creation marries the precision of the Relative Strength Index (RSI) with the dynamic prowess of the SuperTrend methodology. Whether you’re charting the course of cryptos, riding the waves of stock markets, or navigating the futures landscape, our SuperTrended RSI Indicator is your go-to tool for uncovering unique trend insights and crafting trading strategies. 🌟
Key Features:
🔍 Enhanced RSI Analysis: Combines the traditional RSI with a supertrend calculation for a dynamic look at market trends.
🔄 Multiple Moving Averages: Offers a selection of moving averages including SMA, HMA, EMA, and more for tailored analysis.
🎨 Customizable Visuals: Choose your own color scheme for uptrends and downtrends to match your trading dashboard.
📊 Flexible Input Settings: Tailor the indicator with customizable lengths, factors, and smoothing options.
⚡ Real-Time Alerts: Set alerts for bullish and bearish reversals to stay ahead of market movements.
Quick Guide to Using the Supertrended RSI Indicator
Maximize your trading with the Supertrended RSI by following these streamlined steps! 🚀✨
🛠 Add the Indicator: Search for "Supertrended RSI " in TradingView's Indicators & Strategies. Customize settings like RSI length, MA type, and Supertrend factors to fit your trading style.
🎨 Visual Customization: Adjust uptrend and downtrend colors for clear trend visualization.
📊 Market Analysis: Watch for the Supertrend color change for trend reversals. Use the 70 and 30 lines to spot overbought/oversold conditions.
🔔 Alerts: Enable notifications for reversal conditions to capture trading opportunities without constant chart monitoring.
How It Works:
At the core of this indicator is the combination of the Relative Strength Index (RSI) and the Supertrend framework, it does so by applying the SuperTrend on the RSI. The RSI settings can be adjusted for length and smoothing, with the option to select the data source. The Supertrend calculation takes into account a specified trend factor and the Average True Range (ATR) over a given period to determine trend direction.
Visual elements include plotting the RSI, its moving average, and the Supertrend line, with customizable colors for clarity. Overbought and oversold conditions are highlighted, and trend changes are filled with distinct colors.
🔔 Alerts: Enable alerts for crossover and crossunder events to catch every trading opportunity.
🌈 Whether you're a seasoned trader or just starting, the Supertrended RSI offers a fresh perspective on market trends. 📈
💡 Tip: Experiment with different settings to find the perfect balance for your trading style!
🔗 Explore, customize, and enhance your trading experience with the Supertrended RSI Indicator! Happy trading! 🎉
Rocket RSI from John EhlersWhat is Rocket RSI
Welles Wilder's original description of the relative strength index (RSI) in his 1978 New Concepts In Technical Trading Systems specified a calculation period of 14 days. This requirement led him on a 40-year quest to find the right length of data for calculating indicators and trading strategy rules. Many technicians touched on RSI and explained its applications. In this study we will obtain a more flexible and easier to interpret formulation (of the indicator). We will also estimate the algorithm to properly handle a statistical approach to technical analysis. Start with RSI Here is the original definition of the RSI indicator:
RSI = 100 - 100 / (1 + RS)
RS = Average gain from downtime over the specified time period / Average loss from downtime over the specified time period My first observation is that the factor of 100 is insignificant. Second, there is no need for averages because we take the ratio of closes (CU) to closes (CD) and if we accumulate the wins and losses independently, the averages emerge. Therefore We will only accumulate CU and CD. He can then write the RSI equation as:
RSI = 1 – 1 / (1 + CU / CD)
If he use a little algebra to put everything on a common denominator on the right side of the equation, the indicator equation becomes:
RSI = CU / (CU + CD)
In this formulation, if CU accumulation is zero, the RSI value is zero, and if CD accumulation is zero, the RSI value is 1. If you reduce the price action to its primitive level as a sine wave, it is easy to see that this RSI only has CU going from valley to peak and only CD going from peak to valley. This RSI follows the shape of the sine wave between these two limits. However, the sine wave oscillates between -1 and +1, not between 0 and +1. If we multiply the above equation by 2 and then subtract 1, we can make the RSI have the same swing limits as the sine wave. the product is as follows:
RSI = 2*CU / (CU + CD) – 1
Again, using a little algebra to put the right-hand side of the equation on a common denominator, the equation develops like this:
MyRSI = (CU – CD) / (CU + CD)
Again, the vertical scale of the RocketRSI indicator is in standard deviations. For example, -2 means it is two standard deviations below the mean. Since exceeding two standard deviations in the Gaussian probability distribution occurs in only 2.4% of the results
Because we are using the momentum of the dominant cycle period, the spike where the indicator falls below -2 provides a surgically precise timing signal to enter a long position. Similarly, exceeding the +2 standard deviation level is a timing signal to exit a long position or return to a short position. Therefore using the RocketRSI indicator is relatively intuitive. The only concern is whether a dominant cycle is present in the data, setting the indicator to half the dominant cycle period, and whether smoothing causes lag.
DETERMINING CYCLICAL TURNING POINTS
When you insert the chart you see an example of what the RocketRSI indicator looks like. Here you see that RocketRSI precisely displays cyclical turning points as statistical events. Cator can be applied. I used RS Length 10 because according to Ehlers, stocks and stock indexes usually have a more or less monthly cycle (about 20 bars). A cursory examination of Figure 2 shows that negative increases in the indicator correspond to excellent buying opportunities, while positive increases correspond to excellent selling opportunities. Exceeding +/- 2 on the indicator scale indicates that a cyclical reversal is a high probability event.
MUJBOT - Multi-TF RSI Table
The "Multi-TF RSI Table" indicator is a comprehensive tool designed to present traders with a quick visual summary of the Relative Strength Index (RSI) across multiple timeframes, all within a single glance. It is crafted for traders who incorporate multi-timeframe analysis into their trading strategy, aiming to enhance decision-making by identifying overall market sentiment and trend direction. Here's a rundown of its features:
User Inputs: The indicator includes customizable inputs for the RSI and Moving Average (MA) lengths, allowing users to tailor the calculations to their specific trading needs. Additionally, there is an option to display or hide the RSI & MA table as well as to position it in various places on the chart for optimal visibility.
Multi-Timeframe RSI & MA Calculations: It fetches RSI and MA values from different timeframes, such as 1 minute (1m), 5 minutes (5m), 15 minutes (15m), 1 hour (1h), 4 hours (4h), and 1 day (1D). This multi-timeframe approach provides a thorough perspective of the momentum and trend across different market phases.
Trend and Sentiment Analysis: For each timeframe, the script determines whether the average RSI is above or below the MA, categorizing the trend as "Rising", "Falling", or "Neutral". Moreover, it infers market sentiment as "Bullish" or "Bearish", based on the relationship between the RSI and its MA.
Dynamic Color-Coding: The indicator uses color-coding to convey information quickly. It highlights the trend and sentiment cells in the table with green for "Bullish" and red for "Bearish" conditions. It also shades the timeframe cells based on the RSI value, with varying intensities of green for "Oversold" conditions and red for "Overbought" conditions, providing an immediate visual cue of extreme market conditions.
Customization and Adaptability: The script is designed with customization in mind, enabling users to adjust the RSI and MA lengths according to their trading strategy. Its adaptable interface, which offers the option to display or hide the RSI & MA table, ensures that the tool fits into different trading setups without cluttering the chart.
Ease of Use: By consolidating critical information into a simple table, the "Multi-TF RSI Table" indicator saves time and simplifies the analysis process for traders. It eliminates the need to switch between multiple charts or timeframes, thus streamlining the trading workflow.
In essence, the "Multi-TF RSI Table" is a powerful indicator for Pine Script users on TradingView, offering a multi-dimensional view of market dynamics. It is ideal for both novice and experienced traders who seek to enhance their technical analysis with an at-a-glance summary of RSI trends and market sentiment across various timeframes.
Velas Envolventes + RSI / Stttrading F.VelazquezEngulfing Candle + RSI Indicator by Stttrading F.Velazquez
Description:
Discover a powerful tool for market analysis with the Velas Engulfing + RSI Indicator. Crafted by Stttrading Franco Velazquez, this indicator seamlessly blends engulfing candle patterns with the precision of the RSI filter. What sets it apart is its unique approach – signals are exclusively generated when the RSI reaches overbought or oversold conditions, providing a distinctive edge over conventional engulfing candle indicators.
Key Features:
Engulfing Candle Patterns: Identify both bullish and bearish engulfing candle formations.
RSI Integration: Harness the strength of the RSI indicator to evaluate market momentum and potential reversals.
Visual Signals: Enjoy clear and intuitive signals directly on your chart for seamless decision-making.
Configurable Alerts: Tailor the indicator to your preferences with customizable alerts for timely notifications.
Usage Instructions:
Engulfing Candles:
Visualize bullish and bearish candles through green and red triangles, respectively.
Capitalize on buying opportunities when bullish candles emerge and consider selling when bearish candles unfold.
RSI Indicator:
Leverage the RSI indicator to gauge overbought and oversold market conditions.
Fine-tune RSI levels based on your trading strategy and risk tolerance.
Alert System:
Set up alerts to stay informed about crucial market movements, ensuring you never miss a trading opportunity.
Custom Configuration:
RSI Source: Customize the data source for RSI calculations to suit your analysis.
RSI Length: Define the length of the RSI period for precise adjustments.
RSI Overbought and Oversold Levels: Tailor the overbought and oversold RSI thresholds to align with your trading preferences.
Important Note: Always conduct thorough analysis and implement proper risk management before executing trades.
Version 3.13.2
Designed and Developed by Stttrading Franco Velazquez
Custom RSI with RMA SmoothingCustom RSI with RMA Smoothing is smoothing the classic Relative Strength Index to enhance the effectiveness of using the RSI for trend-following through noise reduction.
Principle:
1. RSI is smoothed by the Rolling Moving Average (RMA) and averaged Gains & Losses instead of the classic RSI calculation.
2. A RMA is plotted over the RSI where the crossovers can be entry and exit points.
How is RSI smoothed by the RMA:
1. Outside the common price sources a few new options like hhhlc or hlcc can be chosen where the emphasis is more on the high or the close of the chosen period.
2. Calculation of Price Change: After selecting the price source, the indicator calculates the price change by subtracting the previous period's price from the current price.
3. RMA Smoothing of Price Change: The key step in smoothing the RSI is the application of the Running Moving Average (RMA) to the price change. The length of this RMA is set by the user and determines the extent of smoothing. RMA is a type of moving average that gives more weight to recent data points, making it more responsive to new information while still smoothing out short-term fluctuations.
4. Determining Gains and Losses: The smoothed price change is then used to calculate the gains and losses for each period. Gains are considered when the smoothed price change is positive, and losses when it is negative.
5. Averaging Gains and Losses: These gains and losses are further smoothed by calculating their respective RMAs over the user-defined RSI length. This step is crucial as it dampens the impact of short-term price spikes and drops, giving a more stable and reliable measure of price momentum.
6. RSI Calculation: The standard RSI formula (100 - ) is then applied to these smoothed values. This results in the initial RSI value, which is already more stable than a typical RSI due to the previous smoothing steps.
7. Final RMA Smoothing of RSI: In a final layer of refinement, the RSI itself is smoothed using another RMA, over a length specified by the user. This additional smoothing further reduces the impact of short-term volatility and sharp price movements, providing a more coherent and interpretable RSI line.
hidden & regular rsi divergenceThis is a divergence indicator that draws regular and hidden divergences based on the Zigzag indicator and RSI indicator. There are two degrees of Zigzag. So, in each Zigzag degree, there are two types of regular divergences and one type of hidden divergence.
👉(The logic is written in case of a bearish regular divergence. The opposite will apply for a bullish one.)
Type 1 of regular divergence (Logic 1):
Zigzag has to form a higher high. The highest RSI within both Zigzag legs must form lower highs, but the RSI values which are exactly at the Zigzag highs should not form lower highs.
Type 2 of regular divergence (Logic 2):
Zigzag has to form a higher high. The highest RSI within both Zigzag legs must form lower highs, and the RSI values which are exactly at the Zigzag highs should form lower highs.
👉(The logic is written in case of a bearish hidden divergence. The opposite will apply for a bullish one.)
Zigzag has to form a lower high. The highest RSI within both Zigzag legs must form higher highs.
👉There is also a filter that will be applied to all the divergences. It only shows the divergences whose corresponding RSI value was above/below a level (overbought level/oversold level).
Logic for regular divergences:
Bearish regular divergence's first high's (leftmost) RSI value should be greater than or equal to 70.
Bullish regular divergence's first low's (leftmost) RSI value should be less than or equal to 30.
Logic for hidden divergences:
Bearish hidden divergence's second high's (rightmost) RSI value should be greater than or equal to 70.
Bullish hidden divergence's second low's (rightmost) RSI value should be less than or equal to 30.
👉There is another feature also. This indicator colors the background based on whether the RSI is in a bullish or bearish range.
If it's within 80-60, the background will be colored green (this means that RSI is in a bullish range).
If it's within 40-20, the background will be colored red (this means that RSI is in a bearish range).
On-Chart QQE of RSI on Variety MA [Loxx]On-Chart QQE of RSI on Variety MA (Quantitative Qualitative Estimation) is usually calculated using RSI. This version is uses an RSI of a Moving Average instead. The results are completely different than the original QQE. Also, this version is drawn directly on chart. There are four types of signals.
What is QQE?
Quantitative Qualitative Estimation (QQE) is a technical analysis indicator used to identify trends and trading opportunities in financial markets. It is based on a combination of two popular technical analysis indicators - the Relative Strength Index (RSI) and Moving Averages (MA).
The QQE indicator uses a smoothed RSI to determine the trend direction, and a moving average of the smoothed RSI to identify potential trend changes. The indicator then plots a series of bands above and below the moving average to indicate overbought and oversold conditions in the market.
The QQE indicator is designed to provide traders with a reliable signal that confirms the strength of a trend or indicates a possible trend reversal. It is particularly useful for traders who are looking to trade in markets that are trending strongly, but also want to identify when a trend is losing momentum or reversing.
Traders can use QQE in a number of different ways, including as a confirmation tool for other indicators or as a standalone indicator. For example, when used in conjunction with other technical analysis tools like support and resistance levels, the QQE indicator can help traders identify key entry and exit points for their trades.
One of the main advantages of the QQE indicator is that it is designed to be more reliable than other indicators that can generate false signals. By smoothing out the price action, the QQE indicator can provide traders with more accurate and reliable signals, which can help them make more profitable trading decisions.
In conclusion, QQE is a popular technical analysis indicator that traders use to identify trends and trading opportunities in financial markets. It combines the RSI and moving average indicators and is designed to provide traders with reliable signals that confirm the strength of a trend or indicate a possible trend reversal.
What is RSI?
RSI stands for Relative Strength Index . It is a technical indicator used to measure the strength or weakness of a financial instrument's price action.
The RSI is calculated based on the price movement of an asset over a specified period of time, typically 14 days, and is expressed on a scale of 0 to 100. The RSI is considered overbought when it is above 70 and oversold when it is below 30.
Traders and investors use the RSI to identify potential buy and sell signals. When the RSI indicates that an asset is oversold, it may be considered a buying opportunity, while an overbought RSI may signal that it is time to sell or take profits.
It's important to note that the RSI should not be used in isolation and should be used in conjunction with other technical and fundamental analysis tools to make informed trading decisions.
This indicator makes use of the following libraries:
Loxx's Moving Averages
Loxx's Expanded Source Types
Extras
Alerts
Signals
Signal Types
Change on Levels
Change on Slope
Change on Zero
Change on Original
Stoch RSI 15 min - multi time frame tableABOUT THIS INDICATOR
This indicator calculates the Stochastic RSI for the time frames 15 min, 30 min, 1h, 4h, and 12h. However, the 15 min time frame should always be the default time frame for your chart.
IMPORTANT
* NOTE! It's extremely important that the chosen time frame for your chart is 15 min. Otherwise the Stochastic RSI for the longer time frames won’t be correctly calculated.
* Stochastic RSI will be calculated and displayed in a table for the time frames: 15 min, 30 min, 1h, 4h, 12h.
* All time frames are based on closed bars except the "15minR" that are realtime updated values calculated on a 15 min time frame.
ABOUT STOCHASTIC RSI
The Stochastic RSI (StochRSI) is a momentum indicator that ranges between 0 and 100. A Stochastic RSI value above 80 is considered overbought and below 20 is considered oversold.
By using different time frames you can get a better idea of what direction the trade could take in a "longer" perspective.
SETTINGS
1.) Length RSI = 14 (default period)
2.) Smoothing parameter of Stochastic RSI (Length Moving Average = 3) . Moving average of stochastic RSI
* By default the displayed Stochastic RSI values are smoothed values of the actual Stochastic RSI. The smoothnes is formed by a calculated moving average of with the length of 3 by default.
If you want Stochastic RSI with a sharper signal (higher risk for "false alarms" being more sensitive) change the Length Moving Average to = 1 (no smoothness at all)
You can see the selected "Length RSI" and "Length Moving Average" on top of the Stochastic RSI table.
Next version of this script will be updated with more a more flexible solution for different time frames.
* NOTE, Tradingview comes with a inbuilt Stochastic RSI. See the the chart below. The blue line in the Stochastic-RSI chart represents (K value = 3) the same value as the script calculate/display in the table.
Relative Strength Index (RSI) + Realtime DivergencesRelative Strength Index (RSI) + Realtime Divergences
This version of the RSI indicator includes the following features:
- Optional divergence lines drawn directly onto the oscillator in realtime.
- Configurable alerts to notify you when divergences occur.
- Configurable lookback periods to fine tune the divergences drawn in order to suit different trading styles and timeframes.
- Background colouring option to indicate when the RSI oscillator has crossed above or below its centerline.
- Alternate timeframe feature allows you to configure the oscillator to use data from a different timeframe than the chart it is loaded on.
- Fadeout oscillator feature will fade out all but the most recent history, leaving your chart free of visual noise.
- Flip oscillator feature can be used with the Tradingview 'Flip chart' feature (Alt+i) in order to flip both the chart and the oscillator, too. This feature is to help traders manually spot divergences that may have a strong natural bias in one direction.
- Optional centerline and range bands.
- Various optional moving average types, bollinger bands etc.
This indicator adds additional features onto the standard RSI whose core calculations remain unchanged. Namely, the configurable option to automatically, quickly and clearly draw divergence lines onto the oscillator for you as they occur in realtime. It also has the addition of unique alerts, so you can be notified when divergences occur without spending all day watching the charts. Furthermore, this version of the RSI comes with configurable lookback periods, which can be configured in order to adjust the sensitivity of the divergences, in order to suit shorter or higher timeframe trading approaches.
What is the Relative Strength Index ( RSI )?
Investopedia describes the Relative Strength Index as follows:
“The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of a security's recent price changes to evaluate overvalued or undervalued conditions in the price of that security. The RSI is displayed as an oscillator (a line graph) on a scale of zero to 100. The indicator was developed by J. Welles Wilder Jr. and introduced in his seminal 1978 book, New Concepts in Technical Trading Systems.
The RSI can do more than point to overbought and oversold securities. It can also indicate securities that may be primed for a trend reversal or corrective pullback in price. It can signal when to buy and sell. Traditionally, an RSI reading of 70 or above indicates an overbought situation. A reading of 30 or below indicates an oversold condition.”
The RSI is also commonly used to spot divergences.
You can read more about the RSI and its calculations here
What are divergences?
Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction.
There are 4 main types of divergence, which are split into 2 categories;
regular divergences and hidden divergences. Regular divergences indicate possible trend reversals, and hidden divergences indicate possible trend continuation.
Regular bullish divergence: An indication of a potential trend reversal, from the current downtrend, to an uptrend.
Regular bearish divergence: An indication of a potential trend reversal, from the current uptrend, to a downtrend.
Hidden bullish divergence: An indication of a potential uptrend continuation.
Hidden bearish divergence: An indication of a potential downtrend continuation.
How do traders use divergences in their trading?
A divergence is considered a leading indicator in technical analysis , meaning it has the ability to indicate a potential price move in the short term future.
Hidden bullish and hidden bearish divergences, which indicate a potential continuation of the current trend are sometimes considered a good place for traders to begin, since trend continuation occurs more frequently than reversals, or trend changes.
When trading regular bullish divergences and regular bearish divergences, which are indications of a trend reversal, the probability of it doing so may increase when these occur at a strong support or resistance level . A common mistake new traders make is to get into a regular divergence trade too early, assuming it will immediately reverse, but these can continue to form for some time before the trend eventually changes, by using forms of support or resistance as an added confluence, such as when price reaches a moving average, the success rate when trading these patterns may increase.
Typically, traders will manually draw lines across the swing highs and swing lows of both the price chart and the oscillator to see whether they appear to present a divergence, this indicator will draw them for you, quickly and clearly, and can notify you when they occur.
Setting alerts.
With this indicator you can set alerts to notify you when any/all of the above types of divergences occur, on any chart timeframe you choose.
Configurable pivot periods.
You can adjust the default pivot periods to suit your prefered trading style and timeframe. If you like to trade a shorter time frame, lowering the default lookback values will make the divergences drawn more sensitive to short term price action.
Disclaimer: This script includes code from the stock RSI by Tradingview as well as the Divergence for Many Indicators v4 by LonesomeTheBlue.
BTC Cap Dominance RSIBTC Cap Dominance RSI indicator is a combination of the RSI of Bitcoin Market Cap and the RSI of Bitcoin Dominance. The concept of this indicator is to get a good grasp of the bitcoin market flow by combining bitcoin dominance as well as bitcoin market cap.
BTC Cap Dominance (BCD) RSI is defined as:
BCD RSI = (BTC Cap RSI + BTC Dominance RSI) / 2
Case 1 (Bull market):
Both Cap RSI and Dominance RSI values are high
Case 2 (Neutral market):
Cap RSI is high but Dominance RSI is low
Cap RSI is low but Dominance RSI is high
Case 3 (Bear market):
Both Cap RSI and Dominance RSI values are low
(Note) Please note that the market capitalization symbols (CRYPTOCAP:TOTAL and CRYPTOCAP:TOTAL2) of TradingView started in January 2020, so you can check the indicator value from this point on.
Donchian RSI BandsThis little mashup of mine is called the Donchian RSI Bands. It consists of two RSI's, a Donchian Channel, & Bollinger bands, which can all be turned on or off depending on your preferences.
The main RSI is set to the 7 length and the second RSI is set to the default 14 length. When used together, they form an RSI cloud.
The Bollinger Bands are set to the 35 length and use two sets of adjustable deviations to form the bands. The inner band is set to 0.25 deviation and the outside is set to 0.5. Generally, the Bollinger Bands deviation is set to 2 but for this idea, when the RSI is inside the Bollinger Bands, there's a higher possibility of chop. The stronger Bullish or Bearish trend will be when the main RSI is trending above or below the Bollinger Bands.
The RSI color is Bullish when the RSI is above the Upper Bollinger Band, Neutral when the RSI is inside the Bands, and Bearish when the RSI is below the lower Bollinger Band. The wider you adjust the Outer Band Deviation, the wider the Neutral zone will be. The width of the Bollinger Band Basis can also be adjusted so you could widen it all the way out to the Bands which will form a fully shaded channel to avoid trading when the RSI is trending inside.
The Donchian Channel is set to 70, which 2x the Bollinger Band length. I use it for longer term trends and possible trend reversals.
There are 3 options for Barcoloring:
RSI Bollinger Bands
RSI Cloud
& when the RSI is above/below the Donchian Channel Basis
Combo 4+ KDJ STO RSI EMA3 Visual Trend Pine V5@RL! English !
Combo 4+ KDJ STO RSI EMA3 Visual Trend Pine V5 @ RL
Combo 4+ KDJ STO RSI EMA3 Visual Trend Pine V5 @ RL is a visual trend following indicator that groups and combines four trend following indicators. It is compiled in PINE Script Version V5 language.
• STOCH: Stochastic oscillator.
• RSI Divergence: Relative Strength Index Divergence. RSI Divergence is a difference between a fast and a slow RSI.
• KDJ: KDJ Indicator. (trend following indicator).
• EMA Triple: 3 exponential moving averages (Default display).
This indicator is intended to help beginners (and also the more experienced ones) to trade in the right direction of the market trend. It allows you to avoid the mistakes of always trading against the trend.
The calculation codes of the different indicators used are standard public codes used in the usual TradingView coding for these indicators.
The STO indicator calculation script is taken from TradingView's standard STOCH calculation.
The RSI indicator calculation script is a replica of the one created by @Shizaru.
The KDJ indicator calculation script is a replica of the one created by @iamaltcoin.
The Triple EMA indicator calculation script is a replica of the one created by @jwilcharts.
This indicator can be configured to your liking. It can even be used several times on the same graph (multi-instance), with different configurations or display of another indicator among the four that compose it, according to your needs or your tastes.
A single plot, among the 4 indicators that make it up, can be displayed at a time, but either with its own trend or with the trend of the 4 (3 by default) combined indicators (sell=green or buy=red, background color).
Trend indications (potential sell or buy areas) are displayed as a background color (bullish: green or bearish: red) when at least three of the four indicators (3 by default and configurable from 1 to 4) assume that the market is moving in the same direction. These trend indications can be configured and displayed, either only for the signal of the selected indicator and displayed, or for the signals of the four indicators together and combined (logical AND).
You can tune the input, style and visibility settings of each indicator to match your own preferences or habits.
A 'buy stop' or 'sell stop' signal is displayed (layouts) in the form of a colored square (green for 'stop buy' and red for 'stop sell'. These 'stop' signals can be configured and displayed, either only for the indicator chosen, or for the four indicators together and combined (logical OR).
Note that the presence of a Stop Long signal cancels the background color of the Long trend (green).
Likewise, the presence of a Stop Short signal cancels out the background color of the Short trend (red).
It is also made up of 3 labels:
• Trend Label
• signal Stop Label (signals Stop buy or sell )
• Info Label (Names of Long / Short / Stop Long / Stop Short indicators, and / Open / Close / High / Low ).
Each label is configurable (visibility and position on the graph).
• Trend label: indicates the number of indicators suggesting the same trend (Long or Short) as well as a strength index (PWR) of this trend: For example: 3 indicators in Short trend, 1 indicator in Long trend and 1 indicator in neutral trend will give: PWR SHORT = 2/4. (3 Short indicators - 1 Long indicator = 2 Pwr Short). And if PWR = 0 then the display is "Wait and See". It also indicates which current indicator is displayed and the display mode used (combined 1 to 4 indicators or not combined ).
• Signal Stop Label: Indicates a possible stop of the current trend.
• Label Info (Simple or Full) gives trend info for each of the 4 indicators and OHLC info for the chart (in “Full” mode).
It is possible to display this indicator several times on a chart (up to 3 indicators max with the Basic TradingView Plan and more with the paid plans), with different configurations: For example:
• 1-Stochastic - 2/4 Combined Signals - no Label displayed
• 1-RSI - Combined Signals 3/4 - Stop Label only displayed
• 1-KDJ - Combined Signals 4/4 - the 3 Labels displayed
• 1-EMA'3 - Non-combined signals (EMA only) - Trend Label displayed
Some indicators have filters / thresholds that can be configured according to your convenience and experience!
The choice of indicator colors is suitable for a graph with a "dark" theme, which you will probably need to modify for visual comfort, if you are using a "Light" mode or a custom mode.
This script is an indicator that you can run on standard chart types. It also works on non-standard chart types but the results will be skewed and different.
Non-standard charts are:
• Heikin Ashi (HA)
• Renko
• Kagi
• Point & Figure
• Range
As a reminder: No indicator is capable of providing accurate signals 100% of the time. Every now and then, even the best will fail, leaving you with a losing deal. Whichever indicator you base yourself on, remember to follow the basic rules of risk management and capital allocation.
BINANCE:BTCUSDT
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! Français !
Combo 4+ KDJ STO RSI EMA3 Visual Trend Pine V5@RL
Combo 4+ KDJ STO RSI EMA3 Visual Trend Pine V5@RL est un indicateur visuel de suivi de tendance qui regroupe et combine quatre indicateurs de suivi de tendance. Il est compilé en langage PINE Script Version V5.
• STOCH : Stochastique.
• RSI Divergence : Relative Strength Index Divergence. La Divergence RSI est une différence entre un RSI rapide et un RSI lent.
• KDJ : KDJ Indicateur. (indicateur de suivi de tendance).
• EMA Triple : 3 moyennes mobiles exponentielles (Affichage par défaut).
Cet indicateur est destiné à aider les débutants (et aussi les plus confirmé) à trader à dans le bon sens de la tendance du marché. Il permet d'éviter les erreurs qui consistent à toujours trader à contre tendance.
Les codes de calcul des différents indicateurs utilisés sont des codes publics standards utilisés dans le codage habituel de TradingView pour ces indicateurs !
Le script de calcul de l’indicateur STO est issu du calcul standard du STOCH de TradingView.
Le script de calcul de l’indicateur RSI Div est une réplique de celui créé par @Shizaru.
Le script de calcul de l’indicateur KDJ est une réplique de celui créé par @iamaltcoin.
Le script de calcul de l’indicateur Triple EMA est une réplique de celui créé par @jwilcharts
Cet indicateur peut être configuré à votre convenance. Il peut même être utilisé plusieurs fois sur le même graphique (multi-instance), avec des configurations différentes ou affichage d’un autre indicateur parmi les quatre qui le composent, selon vos besoins ou vos goûts.
Un seul tracé, parmi les 4 indicateurs qui le composent, peut être affiché à la fois mais, soit avec sa propre tendance soit avec la tendance des 4 (3 par défaut) indicateurs combinés (couleur de fond vente=vert ou achat=rouge).
Les indications de tendance (zones de vente ou d’achat potentielles) sont affichés sous la forme de couleur de fond (Haussier : vert ou baissier : rouge) lorsque au moins trois des quatre indicateurs (3 par défaut et configurable de 1 à 4) supposent que le marché évolue dans la même direction. Ces indications de tendance peuvent être configuré et affichés, soit uniquement pour le signal de l’indicateur choisi et affiché, soit pour les signaux des quatre indicateurs ensemble et combinés (ET logique).
Vous pouvez accorder les paramètres d’entrée, de style et de visibilité de chacun des indicateurs pour correspondre à vos propres préférences ou habitudes.
Un signal ‘stop achat’ ou ‘stop vente’ est affiché (layouts) sous la forme d’un carré de couleur (vert pour ‘stop achat’ et rouge pour ‘stop vente’. Ces signaux ‘stop’ peuvent être configuré et affichés, soit uniquement pour l’indicateur choisi, soit pour les quatre indicateurs ensemble et combinés (OU logique).
A noter que la présence d’un signal Stop Long annule la couleur de fond de la tendance Long (vert).
De même, la présence d’un signal Stop Short annule la couleur de fond de la tendance Short (rouge).
Il est aussi composé de 3 étiquettes (Labels) :
• Trend Label (infos de tendance)
• Signal Stop Label (signaux « Stop » achat ou vente)
• Infos Label (Noms des indicateurs Long/Short/Stop Long/Stop Short,
et /Open/Close/High/Low )
Chaque label est configurable (visibilité et position sur le graphique).
• Label Trend : indique le nombre d’indicateurs suggérant une même tendance (Long ou Short) ainsi qu’un indice de force (PWR) de cette tendance :
Par exemple : 3 indicateurs en tendance Short, 1 indicateur en tendance Long et 1 indicateur en tendance neutre donnera :
PWR SHORT = 2/4. (3 indicateurs Short – 1 indicateur Long=2 Pwr Short).
Et si PWR=0 alors l’affichage est « Wait and See » (Attendre et Observer).
Il indique aussi quel indicateur actuel est affiché et le mode d’affichage utilisé (combiné 1 à 4 indicateurs ou non combiné ).
• Signal Stop Label : Indique un possible arrêt de la tendance en cours.
• Infos Label (Simple ou complet) donne les infos de tendance de chacun des 4 indicateurs et les infos OHLC du graphique (en mode « Complet »).
Il est possible d’afficher ce même indicateur plusieurs fois sur un graphique (jusqu’à 3 indicateurs max avec le Plan Basic TradingView et plus avec les plans payants), avec des configurations différentes :
Par exemple :
• 1-Stochastique – Signaux Combinés 2/4 – aucun Label affiché
• 1-RSI – Signaux Combinés 3/4 – Label Stop uniquement affiché
• 1-KDJ – Signaux Combinés 4/4 – les 3 Labels affichés
• 1-EMA’3 - Signaux Non combinés (EMA seuls) – Trend Label affiché
Certains indicateurs ont des filtres/seuils (Thresholds) configurables selon votre convenance et votre expérience !
Le choix des couleurs de l’indicateur est adapté pour un graphique avec thème « sombre », qu’il vous faudra probablement modifier pour le confort visuel, si vous utilisez un mode « Clair » ou un mode personnalisé.
Ce script est un indicateur que vous pouvez exécuter sur des types de graphiques standard. Il fonctionne aussi sur des types de graphiques non-standard mais les résultats seront faussés et différents.
Les graphiques Non-standard sont :
• Heikin Ashi (HA)
• Renko
• Kagi
• Point & Figure
• Range
Pour rappel : Aucun indicateur n’est capable de fournir des signaux précis 100% du temps. De temps en temps, même les meilleurs échoueront, vous laissant avec une affaire perdante. Quel que soit l’indicateur sur lequel vous vous basez, n’oubliez pas de suivre les règles de base de gestion des risques et de répartition du capital.
BINANCE:BTCUSDT
[blackcat] L1 Fibonacci VWAP RSI IndicatorLevel: 1
Background
Ingo Bucher proposed "Fibonacci RSI" in March,2003. It describes the advantages of considering Fibonacci retracement levels for use with the classic RSI indicator. Bucher reviews six charts, each displaying Fibonacci retracement levels for the RSI associated with each chart. The pine code given here will allow you to automatically recreate these charts for any security available in Tradingview. BTW, i enhanced it by changing RSI into VWAP RSI with hl2.
Function
For this Fib VWAP RSI indicator, it also applicable for original Bucher's fib concept. Bucher calculated his retracement levels by picking the RSI high and low for a given time window. In his examples, these were generally six months to a year's worth of data. Once the high and low were picked, he calculated retracement levels based on the well-known Fibonacci numbers (23.6%, 38.2%, 50%, 61.8%). This script here does the same thing. I use a "LookbackLength" (default: 400 bars), which represents a sliding data window that is used to determine the VWAP RSI high and low. The second input value controls the VWAP RSI period (default: 14 bars). The next three inputs select the retracement levels.
A total of eight different lines need to be drawn: the RSI itself, the 50% line, two retracements above the 50% point, two retracements below, and the zero and 100% lines. Pine script will create four plotlines per indicator, so I advise inserting the Fibonacci RSI twice. The first time it is inserted, leave the PlotRSI input with its default value, true. True tells pine script to plot the VWAP RSI itself. The second copy should have the input "Plot RSI" set to false. This will put the 50% line on your chart.
Inputs
LookbackLength --> Look Back Length.
RSILength --> RSI Length.
Fib1 and Fib2 --> Fibonacci lengths.
Key Signal
RawVWAPRSI --> Raw VWAP RSI output signal
Remarks
This is a Level 1 free and open source indicator.
Feedbacks are appreciated.
Quick-Glance RSIThis script will draw a live, updating-RSI on the main chart. As the price updates, the RSI line will self-adjust between the highest high an the lowest low for the RSI period.
Settings/Customizations:
RSI Length : Calculate RSI and draw RSI Line for specified period
Overbought Level : Draw maroon box from OB level to highest high.
Oversold Level : Draw green box from lowest low to OS level.
Scale Offset : Fine-tune location of 0-100 scale.
Show Scale : Draw 0-100 levels to the right of the RSI line.
Show RSI Line : Draw a line from the start of the RSI period to the current price.
Show OB/OS Boxes : Enable or disable background for overbought and oversold areas.
Realtime : Draw all data in real time.
RSI on overlay chart is same as current RSI on bottom chart
RSI without scale, boxes, or RSI Line
“Repainting” Note : The current RSI level is calculated in real time as each price changes, so yes this does “repaint” on the current bar. This is by design and will not change the effectiveness of the script. However, if you are using this script to generate signals, uncheck “Realtime” and/or use “once per bar close” for alerts.
StochRSI x RSI x CCI x EMAsWanted to put this out there. Kind of a rough explanation but basically I wanted to build an indicator that takes out emotions and is easy to read. The indicator is basically RSI, stochRSI, CCI, and EMAs into an easy to read package. The traffic lights at the end will tell you if stochRSI/RSI and price action above according to EMA ribbon are in agreement. RSI with a period of 2 also always seemed very useful to me but it was just extremely distracting to look at it. I tried to make many rules in this indicator to find as much confluence between RSI, stochRSI, CCI, and EMAs to help you make better decisions. What is shown on the indicator is not necessarily a buy/sell signal. It should be seen as a way to view strength of price and possible momentum changes.
I find that one of the biggest distractions of indicators is taking your eyes off what is really happening at the chart above. This indicator uses popular and well used tools and helps you to get an easier visual of what is happening.
Purple lines at top and bottom: Short RSI ob/os
Red/orange and blue/green lines at top and bottom: When stochRSI kd and CCI also crosses +/- 100 or 200
Blue background: when stochRSI k > d and short RSI crosses above 30
Red background: when stochRSI k < d and short RSI crosses below 70
Green crosses: StochRSI is above 80 and making higher highs
Red X crosses: StochRSI is below 20 and making lower lows
Red/green fill of stochRSI and purple/blue dots on RSI: When short RSI and stochRSI are both ob/os
Red/green fill of RSI: Green when Long rsi > 50, red when Long rsi < 50
60/40 lines: Possible support/resistance for RSI
Traffic lights
1st light: Long RSI > EMA and stoch RSI k>d or vice versa
2nd light: Price above EMA 1 and 2 or vice versa
3rd light: when lights 1 and 2 are in agreement
Hope you enjoy!
[LunaOwl] 智慧型RSI (Smart RSI - a handy tool with less noise)Relative Strength Index is a common technical analysis tool, it is classified as a momentum oscillator, measuring the velocity and magnitude of directional price movements. it is most typically used on a 14-period timeframe, measured on a scale from 0 to 100, with high and low levels marked at 70 and 30.
相對強弱指標是常見的技術分析工具，它被歸類為動量振盪器，用於測量定向價格運動的速度和幅度，通常會使用14期數，擺盪範圍在0到100間，超買超賣分別標記成70、30。
after simple improvement and addition of logical judgment, it becomes a passive judge from subjective judgments, avoid the shortcomings of peoples in watching passivation, and the trade can be more consistent.
經過簡單的改良與添加邏輯判斷，能夠使RSI指標的使用，從主觀的判斷成為被動的確認指標，有效避免人們判斷指標鈍化的主觀缺失，並能夠使得交易更加一致。
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1) parameter
RSI period 1 - default is 14, same as general RSI.
RSI period 2 - default is 5, due to its own formula, the amplitude of the oscillator will become larger and more agile or fast. When the parameter is small.
exponential moving avg of RSI - using the result of RSI period 1 as the source of Ema's formula, the default length is 14, which can filter the excessive agility of RSI period 2 to reduce noise, and compared to using the baseline as the criterion for long and short judgments, The characteristics of exponential moving avg are more suitable to become flexible filtering standards.
Overbought - default is 70, you can set your overbought level.
Oversold - same as above, the default is 30.
2) Options
Open Candle color(開啟蠟燭線趨勢) - choose whether to start the color of the candle.
Open background color(開啟指標背景色) - the default is false, you can turn on.
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1. 設置參數
RSI期數1：預設值是14，是普通的RSI指標。
RSI期數2：預設值是5，由於RSI公式的算法，造成參數愈小擺盪幅度就會變大，反應比較快。
指數平均化的RSI期數1：將RSI期數1的結果帶入指數移動平均公式，預設值14，它能過濾RSI期數2過度敏捷的缺點，減少雜訊，相較於單純使用基準線作為多空判斷標準，用EMA的判斷標準更加因時制宜。
超買線：預設值是70，可以隨意調。
超賣線：預設值是30，一樣的。
2. 設定選項
開啟蠟燭線趨勢：顧名思義。已經幫您開好了。
開啟指標背景色：顏色太淺的話可以調深一點。
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ver.2- adjust new style design and create two options.
修改2: 調整新的樣式設計與建立兩個選項。
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ver.3- Create alert condition. maybe I should refer to the Alert Creation Framework,
there is also room for improvement.
修改3: 建立快訊選項。我應該參考警報創建框架，還有進步空間。
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Indicator Style - 指標樣式
The design uses casual light color style, light gray between overbought and oversold.
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Market Example - 市場範例
1. Bitcoin/Tether, Binance, 1 day
2. Bitcoin/USD, Coinbase, 4 hour
3. EUR/USD, Forex Market, 4 hour
4. GBP/USD, Forex Market, 30 min
5. TAIEX, Taiwan SE Weighted Index, 1 week
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postscript - 後記感想
The purpose of publishing Chinese Scripts is to make Pine close to more Chinese user.
I hope English skills enhancement...staggered writing makes me feel hard.
發布中文腳本的目的，是希望可以讓 Pine 親近更多中文圈的使用者。希望我的英語進步，中英文交錯撰寫有一些困難。
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If you find my works useful, you can give me encouragement. I can buy more books to sophisticated themselves.
如果您發現我的作品有用，可以給我鼓勵。讓我可以買更多書籍來精進自己。
Zero-Lag RSI DivergenceZero-Lag RSI Divergence
Overview
This indicator identifies RSI divergences in real-time without delay, providing immediate signals as price-momentum discrepancies develop. The indicator analyzes price action against RSI momentum across dual configurable periods, enabling traders to detect potential reversal opportunities with zero lag.
Key Features
Instant Divergence Detection : Identifies bullish and bearish divergences immediately upon formation without waiting for candle confirmation or historical validation. This eliminates signal delay but may increase false signals due to higher sensitivity.
Dual Period Analysis : Configure detection across two independent cycles - Short Period (default 15) and Long Period (default 50) - allowing for multi-timeframe divergence analysis and enhanced signal validation across different market conditions.
Visual Divergence Lines : Automatically draws dashed lines connecting divergence points between price highs/lows and corresponding RSI peaks/troughs, clearly illustrating the momentum-price relationship.
Customizable RSI Parameters : Adjustable RSI length (default 14) allows optimization for different market volatility and trading timeframes.
How It Works
The indicator continuously monitors price action patterns and RSI momentum:
- Bullish Divergence : Detected when price makes lower lows while RSI makes higher lows, suggesting potential upward momentum
- Bearish Divergence : Identified when price makes higher highs while RSI makes lower highs, indicating potential downward momentum
The algorithm uses candle color transitions and immediate RSI comparisons to trigger signals without historical repainting , ensuring backtesting accuracy and real-time reliability.
How To Read
Important Notes
Higher Signal Frequency : The zero-lag approach increases signal sensitivity, generating more frequent alerts that may include false signals. Consider using additional confirmation methods for trade entries.
Non-Repainting : All signals are generated and maintained without historical modification, ensuring consistent backtesting and forward-testing results.
Input Parameters
RSI Length: Period for RSI calculation (default: 14)
Short/Long Periods: Lookback periods for divergence detection (default: 15/50)
Line Colors: Customizable colors for short and long period divergence lines
Label Settings: Optional divergence labels with custom text
This indicator is designed for traders seeking immediate divergence identification across multiple timeframes while maintaining signal integrity and backtesting reliability.
Jinsu RSI 14### 🔍 **Jinsu RSI 14 – EMA 9 & WMA 45**
**Description:**
This custom indicator combines the classic RSI (Relative Strength Index) with two moving averages — EMA (Exponential Moving Average) and WMA (Weighted Moving Average) — applied directly to the RSI value to provide more nuanced momentum signals.
### 📊 **How It Works**
- **RSI 14** measures market momentum and identifies overbought (above 70) or oversold (below 30) conditions.
- **EMA 9 on RSI** responds quickly to short-term changes, signaling momentum shifts.
- **WMA 45 on RSI** captures long-term sentiment, while placing more emphasis on recent data.
### 🧠 **Signal Interpretation**
- **RSI crosses above EMA 9** → Possible bullish momentum shift.
- **RSI falls below EMA 9** → Possible bearish momentum shift.
- **EMA 9 crosses above WMA 45** → Strong bullish momentum.
- **EMA 9 falls below WMA 45** → Strong bearish momentum.
- **RSI is between EMA 9 & WMA 45** → Market may be consolidating or oscillating.
### 🎨 **Visual Enhancement**
- The neutral zone (RSI between 30–70) is lightly shaded purple to reduce visual noise.
- When **RSI > 70**, a green color appears and intensifies with higher RSI values, highlighting strong buying pressure.
- All values are displayed with two decimal precision for clarity.
This tool is ideal for trend-following traders and momentum-based strategies, helping you recognize early shifts in market sentiment with visual cues and cross confirmations.
Hull Moving Average Adaptive RSI (Ehlers)Hull Moving Average Adaptive RSI (Ehlers)
The Hull Moving Average Adaptive RSI (Ehlers) is an enhanced trend-following indicator designed to provide a smooth and responsive view of price movement while incorporating an additional momentum-based analysis using the Adaptive RSI.
Principle and Advantages of the Hull Moving Average:
- The Hull Moving Average (HMA) is known for its ability to track price action with minimal lag while maintaining a smooth curve.
- Unlike traditional moving averages, the HMA significantly reduces noise and responds faster to market trends, making it highly effective for detecting trend direction and changes.
- It achieves this by applying a weighted moving average calculation that emphasizes recent price movements while smoothing out fluctuations.
Why the Adaptive RSI Was Added:
- The core HMA line remains the foundation of the indicator, but an additional analysis using the Adaptive RSI has been integrated to provide more meaningful insights into momentum shifts.
- The Adaptive RSI is a modified version of the traditional Relative Strength Index that dynamically adjusts its sensitivity based on market volatility.
- By incorporating the Adaptive RSI, the HMA visually represents whether momentum is strengthening or weakening, offering a complementary layer of analysis.
How the Adaptive RSI Influences the Indicator:
- High Adaptive RSI (above 65): The market may be overbought, or bullish momentum could be fading. The HMA turns shades of red, signaling a possible exhaustion phase or potential reversals.
- Neutral Adaptive RSI (around 50): The market is in a balanced state, meaning neither buyers nor sellers are in clear control. The HMA takes on grayish tones to indicate this consolidation.
- Low Adaptive RSI (below 35): The market may be oversold, or bearish momentum could be weakening. The HMA shifts to shades of blue, highlighting potential recovery zones or trend slowdowns.
Why This Combination is Powerful:
- While the HMA excels in tracking trends and reducing lag, it does not provide information about momentum strength on its own.
- The Adaptive RSI bridges this gap by adding a clear visual layer that helps traders assess whether a trend is likely to continue, consolidate, or reverse.
- This makes the indicator particularly useful for spotting trend exhaustion and confirming momentum shifts in real-time.
Best Use Cases:
- Works effectively on timeframes from 1 hour (1H) to 1 day (1D), making it suitable for swing trading and position trading.
- Particularly useful for trading indices (SPY), stocks, forex, and cryptocurrencies, where momentum shifts are frequent.
- Helps identify not just trend direction but also whether that trend is gaining or losing strength.
Recommended Complementary Indicators:
- Adaptive Trend Finder: Helps identify the dominant long-term trend.
- Williams Fractals Ultimate: Provides key reversal points to validate trend shifts.
- RVOL (Relative Volume): Confirms significant moves based on volume strength.
This enhanced HMA with Adaptive RSI provides a powerful, intuitive visual tool that makes trend analysis and momentum interpretation more effective and efficient.
This indicator is for educational and informational purposes only. It should not be considered financial advice or a guarantee of performance. Always conduct your own research and use proper risk management when trading. Past performance does not guarantee future results.
Mogwai Method with RSI and EMA - BTCUSD 15mThis is a custom TradingView indicator designed for trading Bitcoin (BTCUSD) on a 15-minute timeframe. It’s based on the Mogwai Method—a mean-reversion strategy—enhanced with the Relative Strength Index (RSI) for momentum confirmation. The indicator generates buy and sell signals, visualized as green and red triangle arrows on the chart, to help identify potential entry and exit points in the volatile cryptocurrency market.
Components
Bollinger Bands (BB):
Purpose: Identifies overextended price movements, signaling potential reversions to the mean.
Parameters:
Length: 20 periods (standard for mean-reversion).
Multiplier: 2.2 (slightly wider than the default 2.0 to suit BTCUSD’s volatility).
Role:
Buy signal when price drops below the lower band (oversold).
Sell signal when price rises above the upper band (overbought).
Relative Strength Index (RSI):
Purpose: Confirms momentum to filter out false signals from Bollinger Bands.
Parameters:
Length: 14 periods (classic setting, effective for crypto).
Overbought Level: 70 (price may be overextended upward).
Oversold Level: 30 (price may be overextended downward).
Role:
Buy signal requires RSI < 30 (oversold).
Sell signal requires RSI > 70 (overbought).
Exponential Moving Averages (EMAs) (Plotted but not currently in signal logic):
Purpose: Provides trend context (included in the script for visualization, optional for signal filtering).
Parameters:
Fast EMA: 9 periods (short-term trend).
Slow EMA: 50 periods (longer-term trend).
Role: Can be re-added to filter signals (e.g., buy only when Fast EMA > Slow EMA).
Signals (Triangles):
Buy Signal: Green upward triangle below the bar when price is below the lower Bollinger Band and RSI is below 30.
Sell Signal: Red downward triangle above the bar when price is above the upper Bollinger Band and RSI is above 70.
How It Works
The indicator combines Bollinger Bands and RSI to spot mean-reversion opportunities:
Buy Condition: Price breaks below the lower Bollinger Band (indicating oversold conditions), and RSI confirms this with a reading below 30.
Sell Condition: Price breaks above the upper Bollinger Band (indicating overbought conditions), and RSI confirms this with a reading above 70.
The strategy assumes that extreme price movements in BTCUSD will often revert to the mean, especially in choppy or ranging markets.
Visual Elements
Green Upward Triangles: Appear below the candlestick to indicate a buy signal.
Red Downward Triangles: Appear above the candlestick to indicate a sell signal.
Bollinger Bands: Gray lines (upper, middle, lower) plotted for reference.
EMAs: Blue (Fast) and Orange (Slow) lines for trend visualization.
How to Use the Indicator
Setup
Open TradingView:
Log into TradingView and select a BTCUSD chart from a supported exchange (e.g., Binance, Coinbase, Bitfinex).
Set Timeframe:
Switch the chart to a 15-minute timeframe (15m).
Add the Indicator:
Open the Pine Editor (bottom panel in TradingView).
Copy and paste the script provided.
Click “Add to Chart” to apply it.
Verify Display:
You should see Bollinger Bands (gray), Fast EMA (blue), Slow EMA (orange), and buy/sell triangles when conditions are met.
Trading Guidelines
Buy Signal (Green Triangle Below Bar):
What It Means: Price is oversold, potentially ready to bounce back toward the Bollinger Band middle line.
Action:
Enter a long position (buy BTCUSD).
Set a take-profit near the middle Bollinger Band (bb_middle) or a resistance level.
Place a stop-loss 1-2% below the entry (or based on ATR, e.g., ta.atr(14) * 2).
Best Context: Works well in ranging markets; avoid during strong downtrends.
Sell Signal (Red Triangle Above Bar):
What It Means: Price is overbought, potentially ready to drop back toward the middle line.
Action:
Enter a short position (sell BTCUSD) or exit a long position.
Set a take-profit near the middle Bollinger Band or a support level.
Place a stop-loss 1-2% above the entry.
Best Context: Effective in ranging markets; avoid during strong uptrends.
Trend Filter (Optional):
To reduce false signals in trending markets, you can modify the script:
Add and ema_fast > ema_slow to the buy condition (only buy in uptrends).
Add and ema_fast < ema_slow to the sell condition (only sell in downtrends).
Check the Fast EMA (blue) vs. Slow EMA (orange) alignment visually.
Tips for BTCUSD on 15-Minute Charts
Volatility: BTCUSD can be erratic. If signals are too frequent, increase bb_mult (e.g., to 2.5) or adjust RSI levels (e.g., 75/25).
Confirmation: Use volume spikes or candlestick patterns (e.g., doji, engulfing) to confirm signals.
Time of Day: Mean-reversion works best during low-volume periods (e.g., Asian session in crypto).
Backtesting: Use TradingView’s Strategy Tester (convert to a strategy by adding entry/exit logic) to evaluate performance with historical BTCUSD data up to March 13, 2025.
Risk Management
Position Size: Risk no more than 1-2% of your account per trade.
Stop Losses: Always use stops to protect against BTCUSD’s sudden moves.
Avoid Overtrading: Wait for clear signals; don’t force trades in choppy or unclear conditions.
Example Scenario
Chart: BTCUSD, 15-minute timeframe.
Buy Signal: Price drops to $58,000, below the lower Bollinger Band, RSI at 28. A green triangle appears.
Action: Buy at $58,000, target $59,000 (middle BB), stop at $57,500.
Sell Signal: Price rises to $60,500, above the upper Bollinger Band, RSI at 72. A red triangle appears.
Action: Sell at $60,500, target $59,500 (middle BB), stop at $61,000.
This indicator is tailored for mean-reversion trading on BTCUSD. Let me know if you’d like to tweak it further (e.g., add filters, alerts, or alternative indicators)!
PV's Dual RSI Crossover StrategyIntroduction to the Dual RSI Two-Cross Indicator
The Relative Strength Index (RSI) is a widely used technical indicator in finance that measures the magnitude of recent price changes to determine overbought or oversold conditions. The RSI Two-Cross indicator takes this concept a step further by introducing a unique twist: it plots two RSI lines with different lengths and generates alerts based on their crossovers.
Key Features:
Dual RSI Lines: The indicator plots two RSI lines with user-defined lengths, allowing traders to compare the short-term and long-term momentum of an asset.
Crossover Alerts: The indicator generates alerts when the shorter RSI line crosses above or below the longer RSI line, indicating potential trend reversals or continuations.
Customizable Parameters: Users can adjust the lengths of the RSI lines, oversold and overbought levels, and other parameters to suit their trading strategy and asset of choice.
Visual Aids: The indicator features colored bars and backgrounds to highlight crossover events, making it easy to identify trading opportunities at a glance.
Trading Applications:
Trend Reversal Detection: The RSI Two-Cross indicator can help traders identify potential trend reversals by monitoring crossovers between the two RSI lines.
Momentum Confirmation: The indicator can be used to confirm momentum shifts in an asset's price, helping traders to filter out false signals and make more informed trading decisions.
Scalping and Day Trading: The indicator's short-term focus makes it suitable for scalping and day trading strategies, where traders aim to capitalize on small price movements.
By combining the versatility of the RSI with the power of crossover analysis, the RSI Two-Cross indicator offers a unique perspective on market momentum and trend dynamics. Whether you're a seasoned trader or just starting out, this indicator can help you navigate the markets with greater confidence and precision.
Dual Spectrum RSI [CHE]Dual Spectrum RSI Indicator
Introduction
The Dual Spectrum RSI Indicator is an innovative and robust tool designed for traders aiming to enhance their market analysis and trading precision. This script leverages multi-timeframe analysis, advanced RSI configurations, and customizable visualization options to provide actionable insights for both trend-following and contrarian strategies.
Key Features
1. Dynamic Timeframe Selection
- Automatically adapts the resolution based on the current chart's timeframe.
- Options to switch between Auto Timeframe, Multiplier-based Timeframe, or Manual Resolution for complete control.
2. Advanced RSI Calculations
- Dual RSI setup for multi-layered analysis:
- Primary RSI for trend identification on the higher timeframe (HTF).
- Secondary RSI for entry signals with oversold/overbought crossovers on the current chart timeframe.
3. EMA Integration on Higher Timeframe (HTF)
- The Exponential Moving Average (EMA) acts as a robust trend filter, calculated on the Higher Timeframe (HTF).
- This ensures that trade signals align with the broader market trend, providing a strategic edge and reducing noise from lower timeframes.
4. Signal Clarity
- Visual labels for Buy and Sell signals directly on the chart.
- Dynamic stop-loss suggestions that adjust based on EMA crossovers and trend changes.
5. Customizable Visualization
- Gradient fills for overbought/oversold zones provide intuitive visual cues.
- User-friendly inputs for adjusting separator lines, color schemes, and label styles.
6. Comprehensive Data Display
- Real-time updates in an Info Box, showing active timeframe settings and resolution.
- Easy-to-understand trend conditions, making it accessible for both novice and professional traders.
Benefits for Traders
1. Precision in Decision-Making
The multi-timeframe capability ensures that traders always have the broader market context, minimizing false signals and enhancing trade accuracy.
2. Flexibility and Customization
Fully adjustable parameters allow traders to tailor the indicator to their unique trading style, whether scalping, day trading, or swing trading.
3. Enhanced Market Insights
By combining HTF trend filters, RSI dynamics, and EMA thresholds, this indicator provides a holistic view of market conditions.
4. User-Friendly Interface
The clean layout and intuitive options make it easy to integrate this tool into any TradingView setup.
5. Increased Confidence in Trades
With visual aids such as labels, gradients, and a trend-detection mechanism, traders can make decisions with greater confidence and less emotional bias.
Example Use Cases
1. Trend-Following Strategy
- Utilize the HTF EMA filter to confirm bullish or bearish trends.
- Enter trades when the secondary RSI crosses oversold/overbought levels in the direction of the trend.
2. Reversal Strategy
- Identify overextended trends using RSI crossovers.
- Look for counter-trend opportunities with precise stop-loss placements.
3. Scalping Setup
- Switch to intraday timeframes and use the multiplier-based resolution to capture short-term market movements.
How to Use
1. Add the script to your TradingView chart by pasting the provided Pine Script code into the Pine Editor.
2. Adjust the Timeframe Type, RSI parameters, and EMA length to align with your trading goals.
3. Monitor the generated signals and use them in conjunction with your broader trading strategy.
Disclaimer
The content provided, including all code and materials, is strictly for educational and informational purposes only. It is not intended as, and should not be interpreted as, financial advice, a recommendation to buy or sell any financial instrument, or an offer of any financial product or service. All strategies, tools, and examples discussed are provided for illustrative purposes to demonstrate coding techniques and the functionality of Pine Script within a trading context.
Any results from strategies or tools provided are hypothetical, and past performance is not indicative of future results. Trading and investing involve high risk, including the potential loss of principal, and may not be suitable for all individuals. Before making any trading decisions, please consult with a qualified financial professional to understand the risks involved.
By using this script, you acknowledge and agree that any trading decisions are made solely at your discretion and risk.
Conclusion
The Dual Spectrum RSI Indicator is not just another technical tool—it's a comprehensive trading companion that adapts to your needs, simplifies market analysis, and boosts your trading performance. Whether you're a beginner or a seasoned trader, this indicator provides the edge you need to succeed in today's dynamic markets.
Try It Today!
Experience the power of multi-timeframe analysis and take your trading to the next level. Add the Dual Spectrum RSI Indicator to your TradingView arsenal now!
Best regards
Chervolino
