AK Stochastic-RSI+RSI+CHOP Here I have added Stochastic- RSI + RSI + Choppiness Index all together. You can turn on/ off as per your choice. all these are popular and useful indicators. Hope this will add some value.
隨機RSI (STOCH RSI)
EMA Gap+EMA's+Triple RSIEMA 4/5/10/20/50/100/200
3 RSI's
Support Resistance zones
Stochastic-RSI
Swing High/Low indication
Keltner IFR2 Quick SetupEste indicador combina Keltner Channel (21 períodos exponencial, fator de desvio 0.38 * ATR) com um IFR2 (RSI de 2 períodos) para detectar oportunidades de compra e venda de forma rápida e objetiva.
Venda quando:
O Keltner (linha média) estiver caindo,
O preço “tocar” ou permanecer abaixo da banda superior,
O IFR2 ultrapassar 80 (sobrecompra).
Compra quando:
O Keltner (linha média) estiver subindo,
O preço “tocar” ou permanecer acima da banda inferior,
O IFR2 ficar abaixo de 25 (sobrevenda).
O indicador exibe visualmente as bandas do Keltner, as setas de sinais (compra/venda), além de permitir alertas para automatizar notificações. É ideal para quem busca operações curtas focadas em pontos de exaustão de preço, alinhados ao sinal de momentum do IFR2.
RSI < 30 and RSI > 70 Strategy SL & TG by Anil B Buy Setup (RSI < 30): And if current candle is red , it will check green candle from last 6 candles and take close price of green candle and if price crosses the close price of last green candle , buy signal will generate with red candle low as a stop loss and 1:3 RR
For sell , reveres from above signal
***this is for Educational purpose only ***
RSI en 1min y 5minEste indicador personalizado para TradingView muestra el Índice de Fuerza Relativa (RSI) en dos marcos de tiempo diferentes: 1 minuto y 5 minutos. El RSI es un oscilador de momentum utilizado comúnmente para identificar condiciones de sobrecompra y sobreventa en los mercados financieros
Soul Button Scalping (1 min chart) V 1.0Indicator Description
- P Signal: The foundational buy signal. It should be confirmed by observing RSI divergence on the 1-minute chart.
- Green, Orange, and Blue Signals: Three buy signals generated through the combination of multiple oscillators. These signals should also be cross-referenced with the RSI on the 1-minute chart.
- Big White and Big Yellow Signals: These represent strong buy signals, triggered in extreme oversold conditions.
- BEST BUY Signal: The most reliable and powerful buy signal available in this indicator.
____________
Red Sell Signal: A straightforward sell signal indicating potential overbought conditions.
____________
Usage Guidance
This scalping indicator is specifically designed for use on the 1-minute chart, incorporating data from the 5-minute chart for added context. It is most effective when used in conjunction with:
• VWAP (Volume Weighted Average Price), already included in the indicator.
• RSI on the 1-minute chart, which should be opened as a separate indicator.
• Trendlines, structure breakouts, and price action analysis to confirm signals.
Intended for Crypto Scalping:
The indicator is optimized for scalping cryptocurrency markets.
____________
Future Enhancements:
• Integration of price action and candlestick patterns.
• A refined version tailored for trading futures contracts, specifically ES and MES in the stock market.
Gradient Stochastic RSI CyclesThe Gradient Stochastic RSI Cycles indicator combines several key technical concepts into one, providing a unique perspective compared to the traditional RSI (Relative Strength Index) and other indicators typically used . Here's a breakdown of the specific features that make this indicator stand out:
1. Stochastic RSI (StochRSI):
The Stochastic RSI is a momentum indicator that applies the Stochastic Oscillator formula to the RSI. While RSI alone measures overbought and oversold conditions based on the price's relative strength, StochRSI refines this by measuring the position of RSI relative to its own range over a specified period.
This approach helps identify overbought and oversold conditions more dynamically, and it can be a leading indicator compared to the traditional RSI, which may lag in certain market conditions.
2. Key Differences from Traditional RSI:
RSI (Traditional): The RSI directly compares the average gains and losses of the price over a set period (typically 14 periods). It outputs a value between 0 and 100, where values above 70 indicate overbought conditions and values below 30 suggest oversold conditions.
Stochastic RSI: Instead of being calculated from price itself, the StochRSI is derived from the RSI, which adds an additional layer of smoothness and filtering. This makes it more responsive to changes in market momentum, often producing faster signals, especially in volatile markets.
Key Advantage: The Stochastic RSI often generates more timely signals by incorporating both RSI and Stochastic Oscillator principles. This leads to clearer identification of trend reversals or continuation signals, especially in strongly trending or choppy markets.
3. Smoothing and Signal Generation:
%K and %D Smoothing: The indicator uses two key smoothing steps for generating signals: the %K line (stochastic RSI itself) and the %D line (a smoothed version of %K). These are typical of Stochastic indicators but applied to the RSI, making it more sophisticated and adaptive to market cycles.
The moving average of %K (denoted as the "MA Line") further refines the trend signals by smoothing the price action of the %K line. This allows for better trend recognition, reducing false signals in sideways markets.
Key Advantage: The added smoothing steps from the %K, %D, and MA Line help in producing less erratic signals, enabling smoother and more accurate trend-following behavior. The MA line is especially useful in filtering out noise in the Stochastic RSI.
4. Trend Direction (Bullish vs Bearish):
Bullish/Bearish Conditions: The indicator includes a clear trend identification mechanism, where the indicator is considered bullish when the %K line is above the %D line and bearish when it is below.
This distinction is visually represented with gradient colors, where the bullish condition is highlighted with a green color (often associated with upward momentum) and bearish with a red color (indicating downward pressure).
Key Advantage: By distinguishing the trend direction visually and dynamically, this feature adds a layer of market interpretation that is not present in the traditional RSI. It offers clarity in identifying bullish or bearish cycles within market movements, making it easier for traders to align their positions with prevailing market trends.
5. Gradient Colors and Visualization:
The indicator uses gradient colors to visually represent the market condition. The color changes dynamically based on whether the market is in a bullish or bearish state, providing immediate feedback to the trader on the momentum of the asset.
This color gradient approach adds a clear visual reference compared to the traditional line-based RSI indicators, where traders have to infer trend direction based on multiple readings or conditions.
Key Advantage: The color gradient not only serves as a trend indicator but also makes the signal more visually accessible and easier to interpret in real-time.
6. Threshold Levels and Overbought/Oversold Conditions:
Horizontal Lines at 15 and 85: These thresholds are used to mark oversold and overbought levels, similar to how the 30 and 70 levels function in the traditional RSI. The key difference here is that the Stochastic RSI is more sensitive to price movements, and thus these levels can be more dynamic and precise in identifying extreme market conditions.
Key Advantage: The Stochastic RSI's threshold levels offer more precise markers for overbought and oversold conditions in comparison to the RSI, providing better actionable insights during volatile market phases.
7. Gradient Fill between %K and Midline:
The indicator fills the area between the %K line and the Midline (50) based on whether the trend is bullish or bearish, with different opacities depending on the trend.
Key Advantage: This visual fill enhances the clarity of market cycles and trend phases, making it easier for traders to spot potential trend reversals or trend-following opportunities. The fill acts as a dynamic background to reinforce the current market sentiment.
Advanced Trend Following: Unlike basic RSI or Stochastic indicators, the Gradient Stochastic RSI Cycles indicator integrates trend-following principles with stochastic analysis applied to RSI, creating a powerful hybrid for capturing market momentum.
Dynamic Visual Feedback: The gradient color effect and fill based on trend direction give this indicator a unique visual aspect that makes market conditions more intuitive and easier to analyze at a glance. This is not available in traditional RSI or most common stochastic oscillators.
Enhanced Overbought/Oversold Signals: By utilizing the Stochastic RSI, this indicator offers more responsive overbought and oversold levels, often leading to earlier signals compared to the conventional RSI.
Smooth and Adaptive: The multiple smoothing steps used in the indicator (with %K, %D, and the MA line) provide a more adaptive approach to trend filtering, reducing false signals that often occur with basic indicators.
In summary, the Gradient Stochastic RSI Cycles indicator is an advanced, adaptive tool that combines RSI, Stochastic Oscillator, and moving averages to provide traders with more accurate, timely, and visually accessible market signals. Its design helps overcome many of the limitations associated with traditional RSI or stochastic-based indicators, offering a more refined analysis of price momentum.
ProCon Investor ChartProCon Investor Chart: Originality and Usefulness
The ProCon Investor Chart is a unique integration of multiple technical indicators designed to provide actionable insights for traders. Unlike standalone indicators such as RSI, Stochastic, or Bollinger Bands, this script combines them into a proprietary framework that evaluates market conditions holistically.
Each component is enhanced to complement the others:
Dots: Proprietary algorithms combine RSI, Stochastic, MACD, and Bollinger Bands to determine overbought/oversold conditions and high-volume reversals. This combination adds a unique dimension by accounting for both momentum and market participation.
VWAP-Based Support and Resistance: The VWAP lines are calculated dynamically by combining trade volume with shares outstanding or public float, making them adaptable to specific securities and timeframes. This approach provides more precise levels compared to static support/resistance calculations.
Colored Bars: SMA-based trend analysis identifies short- and long-term trends while ensuring transparency for trend traders. The inclusion of SMA (5, 20, 50) allows users to spot transitions and key moments of trend reversal.
By integrating these components, the ProCon Investor Chart helps traders identify opportunities that standalone indicators might miss, providing a comprehensive view of market behavior.
Indicator Description and How to Use
The ProCon Investor Chart is a multi-layered analytical tool designed for identifying trends, market sentiment, and dynamic support/resistance levels. Here's how it works:
Dots for Overbought/Oversold Conditions:
Calculated using RSI, Stochastic, MACD, and Bollinger Bands.
Yellow dots (above/below bars) signify overbought/oversold levels.
Orange dots highlight high-volume oversold/overbought areas, combining price action and market participation.
Red and green dots mark potential reversals in price trends.
VWAP Support and Resistance Lines:
VWAP lines are calculated using a proprietary metric that integrates trade volume with public float or shares outstanding.
These levels adapt dynamically and are reset based on trading activity, offering precise support/resistance points.
Trend-Driven Colored Bars:
Bars are color-coded based on SMA values (5, 20, 50) to identify trends and market transitions.
Table Summary:
Displays VWAP levels, sentiment analysis, and dynamic metrics, offering traders a snapshot of critical data.
This approach ensures that the script provides unique insights beyond what individual indicators can achieve. By integrating multiple dimensions of technical analysis, the ProCon Investor Chart is a reliable companion for day traders, swing traders, and investors seeking actionable market analytics.
Value Proposition for Invite-Only Script
While the ProCon Investor Chart uses classic indicators like RSI, Bollinger Bands, and VWAP, it integrates these elements into a proprietary system that offers unique advantages:
Advanced Calculations:
The VWAP-based support and resistance levels go beyond standard VWAP by integrating trade volume with float data, making them highly adaptable to specific securities.
Actionable Visuals:
The dot-based system simplifies the detection of overbought/oversold levels, incorporating volume and momentum into one visual cue.
Trend-Specific Features:
By combining SMAs with custom color coding, the script allows trend traders to identify transitions at a glance.
Additional Features
Table Display: Support and resistance lines are conveniently displayed in a table in the top-right corner of the chart, along with a simple valuation of the stock relative to these levels.
This multi-dimensional approach justifies the script’s originality and ensures that users receive actionable insights tailored to their trading strategies.
The ProCon Investor Chart is designed to consolidate multiple data points into a unified tool, helping traders make informed decisions with greater confidence. Its custom dynamic VWAP calculations and sentiment analysis provide a clear and actionable view of market conditions.
BeautifulStochRSIBeautifulStochRSI: A Unique and Clear Approach to Stochastic RSI
Introducing the BeautifulStochRSI, an colorfull approach to the popular Stochastic RSI indicator. This script goes beyond the standard representation by offering visually distinct and intuitive signals to enhance your trading experience.
The BeautifulStochRSI is ideal for traders who value both precision and simplicity. It combines functional enhancements with a polished design, ensuring that crucial market insights are presented clearly and effectively. Created by rektbyhielke, this script leverages the capabilities of Pine Script™ v5 for optimal performance.
By sharing this script, the aim is not only to provide a practical trading solution but also to inspire others to create indicators that are both beautiful and efficient.
the script includes fully customizable parameters for RSI length, stochastic length, and smoothing factors, allowing traders to tailor the indicator to their specific strategies. Overbought and oversold zones are marked with dots at levels 80 and 20, complemented by a subtle teal background fill to emphasize these areas.
Fixed RSI Overlay [lognomics]This overlay indicator provides a dynamic visualization of the RSI on the instrument price chart. It enhances the standard RSI oscillator by scaling it relative to the anchor's maximum & minimum range, conceptualizing how price reacts at standard oscillation levels.
Starting at the anchor's open, the tool collects all the RSI values from each candle within the range, and stores them inside an array corresponding to each candle index. It then pulls relative values and plots a line connecting each point accordingly to the 0-100 range scale.
While determining each maximum and/or minimum the script will plot a box from the opening time of the anchor, encapsulating the high & low of the range, to end at the next anchor time. To the right to of the box, a label is plotted which is pushed to the current time & current RSI y value within the fixed scale.
Weekly RSI Buy/Sell SignalsWeekly RSI Buy/Sell Signal Indicator
This indicator is designed to help traders identify high-probability buy and sell opportunities on the weekly chart by using the Relative Strength Index (RSI). By utilizing weekly RSI values, this indicator ensures signals align with broader market trends, providing a clearer view of potential price reversals and continuation.
How It Works:
Weekly RSI Calculation: This script calculates the RSI using a 14-period setting, focusing on the weekly timeframe regardless of the user’s current chart view. The weekly RSI is derived using request.security, allowing for consistent signals even on intraday charts.
Signal Conditions:
Buy Signal: A buy signal appears when the RSI crosses above the oversold threshold of 30, suggesting that price may be gaining momentum after a potential bottom.
Sell Signal: A sell signal triggers when the RSI crosses below the overbought threshold of 70, indicating a possible momentum shift downwards.
Visual Cues:
Buy/Sell Markers: Clear green "BUY" and red "SELL" markers are displayed on the chart when buy or sell conditions are met, making it easy to identify entry and exit points.
RSI Line and Thresholds: The weekly RSI value is plotted in real time with color-coded horizontal lines at 30 (oversold) and 70 (overbought), providing a visual reference for key levels.
This indicator is ideal for traders looking for reliable, trend-based signals on higher timeframes and can be a helpful tool for filtering out shorter-term market noise.
Stochastic RSI OHLC StrategyThe script titled "Stochastic RSI High Low Close Bars" is a versatile trading strategy implemented in Pine Script, designed for TradingView. Here's an overview of its features:
Description
This strategy leverages the Stochastic RSI to determine entry and exit signals in the market, focusing on high, low, and close values of the indicator. It incorporates various trading styles, stop-loss mechanisms, and multi-timeframe analysis to adapt to different market conditions.
Key Features
Stochastic RSI Analysis:
Uses the Stochastic RSI to identify potential entry points for long and short positions.
Tracks high, low, and close values for more granular analysis.
Multiple Trading Styles:
Supports diverse trading styles like Volume Color Swing, RSI Divergence, RSI Pullback, and more.
Allows switching between these styles to suit market dynamics.
Session-Based Trading:
Offers session control, limiting trades to specific hours (e.g., NY sessions).
Can close all positions at the end of the trading day.
Stop-Loss and Take-Profit Mechanisms:
Includes both static and dynamic stop-losses, with options for time-based stops, trailing stops, and momentum-based exits.
Customizable take-profit levels ensure efficient trade management.
Volume Analysis:
Integrates volume indicators to add a bias for trade entries and exits, enhancing signal reliability.
Multi-Timeframe Integration:
Employs multi-timeframe RSI analysis, allowing the strategy to capture broader trends and optimize entries.
This script is designed to provide flexibility and adaptability, making it useful for different trading strategies and market conditions. It is suitable for traders looking to refine their entries and exits with a focus on the Stochastic RSI.
FXN1 - StochRSI Multiple AssetsThe "FXN1 StochRSI Multi Assets" is a powerful and versatile TradingView script designed for traders looking to analyze multiple assets using the Stochastic RSI (StochRSI) indicator. This script allows traders to compare the StochRSI of two different assets on the same chart, providing a dynamic tool for cross-asset analysis and decision-making.
Key Features:
Multi-Asset Stochastic RSI Calculation:
The "FXN1 StochRSI Multi" script allows users to analyze the Stochastic RSI of two different assets simultaneously. By default, the script compares the US Dollar Index (DXY) and Gold (GC1!), but users can easily customize these inputs to track any two assets of their choice.
Customizable Stochastic RSI Parameters:
The script gives traders full control over the StochRSI calculation by providing adjustable parameters such as:
K Smoothing: The number of periods used to smooth the %K line.
RSI Length: The length of the RSI calculation.
Stochastic Length: The number of periods used for the Stochastic calculation.
These customizable parameters enable traders to fine-tune the StochRSI indicator to suit their trading strategies and timeframes.
Visual Comparison of Two Assets:
The script plots the StochRSI values for both assets on the same chart, making it easy to compare momentum between two markets. Each asset is represented by distinct colors for clear differentiation:
Asset 1 (e.g., DXY) is plotted in a green line.
Asset 2 (e.g., Gold) is plotted in a yellow line.
This visual representation helps traders identify divergences, correlations, and potential trade opportunities based on momentum shifts across multiple assets.
Overbought and Oversold Zones:
The script includes predefined horizontal lines at the 80 (overbought) and 20 (oversold) levels to help traders quickly identify areas where the assets may be overextended. These zones are highlighted in bold, bright colors to stand out:
Overbought (80): A magenta line indicates the upper boundary, signaling potential selling pressure.
Oversold (20): A cyan line marks the lower boundary, signaling potential buying interest.
Use Cases:
Cross-Asset Momentum Analysis:
By tracking the StochRSI of two correlated or inversely correlated assets, traders can gauge shifts in momentum and spot divergences. For example, comparing DXY and Gold can provide valuable insights into the strength of the USD and the potential impact on commodities.
Identifying Potential Reversals:
Traders can use this indicator to detect overbought or oversold conditions in multiple markets simultaneously, making it easier to anticipate potential market reversals or trend continuations.
Diversified Trading Decisions:
Instead of focusing on a single asset, the script helps traders broaden their analysis by monitoring the momentum of two different assets. This makes it ideal for traders looking to diversify their portfolios or hedge positions based on multi-asset trends.
How It Works:
The script calculates the Stochastic RSI for each selected asset using a smooth %K line derived from the RSI of the asset’s closing price. The RSI is smoothed further to calculate the Stochastic value, and these values are plotted over time, giving traders insight into the relative strength and potential reversals for each asset.
The clear, color-coded lines for each asset make it simple to spot key StochRSI crossovers, divergences, and other potential trade signals.
Conclusion:
The "FXN1 StochRSI Multi" indicator offers a unique and practical approach for traders who want to enhance their trading analysis by incorporating the Stochastic RSI of multiple assets. With customizable settings, overbought/oversold zones, and a user-friendly design, this tool provides everything traders need to perform cross-market technical analysis. Whether you are trading forex, commodities, or indices, this script is a valuable addition to your trading toolbox.
Ping Pong Bot StrategyOverview:
The Ping Pong Bot Strategy is designed for traders who focus on scalping and short-term opportunities using support and resistance levels. This strategy identifies potential buy entries when the price reaches a key support area and shows bullish momentum (a green bar). It aims to capitalize on small price movements with predefined risk management and take profit levels, making it suitable for active traders looking to maximize quick trades in trending or ranging markets.
How It Works:
Support & Resistance Calculation:
The strategy dynamically identifies support and resistance levels using the lowest and highest price points over a user-defined period. These levels help pinpoint potential price reversal areas, guiding traders on where to enter or exit trades.
Buy Entry Criteria:
A buy signal is triggered when the closing price is at or below the support level, and the bar is green (i.e., the closing price is higher than the opening price). This ensures that entries are made when prices show signs of upward momentum after hitting support.
Risk Management:
For each trade, a stop loss is calculated based on a user-defined risk percentage, helping to protect against significant drawdowns. Additionally, a take profit level is set at a ratio relative to the risk, ensuring a disciplined approach to exit points.
0.5% Take Profit Target:
The strategy also includes a 0.5% quick take profit target, indicated by an orange arrow when reached. This feature helps traders lock in small gains rapidly, making it ideal for volatile market conditions.
Customizable Inputs:
Length: Adjusts the period for calculating support and resistance levels.
Risk-Reward Ratio: Allows traders to set the desired risk-to-reward ratio for each trade.
Risk Percentage: Defines the risk tolerance for stop loss calculations.
Take Profit Target: Enables the customization of the quick take profit target.
Ideal For:
Traders who prefer an active trading style and want to leverage support and resistance levels for precise entries and exits. This strategy is particularly useful in markets that experience frequent price bounces between support and resistance, allowing traders to "ping pong" between these levels for profitable trades.
Note:
This strategy is developed mainly for the 5-minute chart and has not been tested on longer time frames. Users should perform their own testing and adjustments if using it on different time frames.
Stochastic RMIThe Relative Momentum Index (RMI) is a technical analysis indicator used to analyze the price movements of assets in a financial market. Similar to the RSI (Relative Strength Index), it helps measure the momentum and strength of the asset's price movements over the recent period. However, the RMI offers a "smoother" view, unlike the RSI. This means that there is less "noise" in the indicator.
As is known, the Stochastic RSI indicator is based on the RSI. What I did was to create a stochastic based on the RMI. If you compare this indicator with the "Stochastic RSI", you will see that there is no difference between them, except that the "Stochastic RMI" is more "smooth" and noiseless.
ACCScanner[MaximizedTrading]- ACCScanner -
ACCScanner is a highly advanced and versatile TradingView indicator, specifically designed to enhance and simplify your trading experience. Whether you are a beginner or an experienced trader, ACCScanner provides all the tools you need to make informed and timely trading decisions. With a user-friendly settings menu, cutting-edge signal filtering technology, and a comprehensive alert system, ACCScanner ensures that you stay ahead of the market and never miss a key trading opportunity.
This indicator is built to adapt to your unique trading strategy, allowing for full customization and optimization. ACCScanner offers a seamless trading experience by eliminating unnecessary noise, providing only the most relevant signals, and helping you execute trades with confidence.
__________________________________________________________________
🔑 Key Features:
Comprehensive Alert System: Stay ahead of the market with dynamic alerts. A "Signal incoming!" alert is triggered when trade conditions align, followed by a clear "Buy/Sell Signal" when conditions are met. Visual indicators (red for sell, green for buy) appear on the chart.
Clear and Customizable Settings: Easily customize ACCScanner for your trading strategy with a user-friendly settings menu. Switch between Desktop and Mobile modes for optimal performance.
Trading Session Time: Optimize your trading with improved session time settings for maximum efficiency.
Bollinger Bands: These bands measure market volatility, helping you identify strong signals and potential trend reversals.
RSI Bands: The RSI Bands are designed to provide an additional layer of confirmation by showing the strength of a signal. This helps you assess whether a trade setup is reliable or if caution is warranted.
EMA 200: The EMA 200 serves as a trend indicator, helping you identify the overall market direction. You can also choose to take less strong signals, as long as they align with the prevailing trend, ensuring you stay on the right side of the market.
Advanced Signal Filtering: Eliminate unnecessary signals with additional oscillator bands when signal filtering is enabled. The oscillator’s position shows signal strength—more transparent icons indicate weaker signals, focusing only on high-probability trades.
Integrated Stop Loss and Take Profit Options: Protect your trades with a range of stop loss settings, including Wick Multiplier, Fixed Stoploss, or Average Candle Size. Additionally, you can set a custom Risk Ratio for Take Profit levels, ensuring your risk management is aligned with your strategy.
Position Size Calculation: Once your settings are properly configured, ACCScanner can calculate the ideal position size, helping you manage risk and optimize trades effectively.
__________________________________________________________________
🎯 Why Choose ACCScanner?
ACCScanner stands out with its powerful alert system, allowing you to stay ahead of the market without constantly monitoring your charts. After setting up the alerts, you’ll receive a "Signal incoming" notification when a potential trade is forming. Once the conditions are fully met, a clear "Buy/Sell Signal" alert will notify you, enabling swift action—even if you're away from the screen.
The ACCScanner oscillator helps you quickly assess signal strength. The light blue line (RSI) moving outside the dark blue line (Bands) indicates stronger setups, and with the Signal Strength filter, you can further refine signals. Transparent icons represent weaker signals, ensuring you focus only on high-probability trades.
ACCScanner also offers precise Stoploss, Price, and Position Size calculations, built directly into the indicator. This feature helps you manage risk efficiently. With integrated Average Candle Size calculations and customizable stop loss options, ACCScanner ensures you are trading with optimized risk management. Once all settings are correctly configured under 'Account Info', you can use the table values to execute trades with confidence.
What makes ACCScanner worth paying for is its ability to save time and enhance trading efficiency. By providing early alerts, you have time to prepare for key trading opportunities before they fully develop. This proactive approach allows you to focus on making confident decisions at the right moment, without being overwhelmed by excessive information. Additionally, the well-organized table simplifies trading by displaying all the necessary values, so you can focus on executing your strategy seamlessly.
__________________________________________________________________
How to Use the ACCScanner?
⚙️ Setup Alerts
To use the ACCScanner effectively, it's crucial to set up the indicator correctly beforehand. Make sure to configure all the settings under the 'Account Info' section at the bottom of the settings menu. Proper setup is necessary to function correctly!
To set up alerts, first ensure all settings are correctly configured. Then, hover over the indicator with your mouse and click on the three dots that appear. Select 'Add Alert on ACCS ' and configure the alert settings.
🏹 3 Steps to Place a Trade with ACCScanner
Step 1: Wait for the "Signal Incoming" Alert
Once you've set up your alerts, ACCScanner will notify you when a potential trade is forming with the "Signal Incoming" alert. This is your early signal to prepare for a possible trade. At this point, begin observing the market and focus on the key indicators, such as the RSI Bands and Bollinger Bands. Check if the price or RSI is touching or approaching the outer bands, which could indicate a strong setup.
Step 2: Analyze the Situation
While waiting for the final signal, confirm whether the market conditions align with the trade strategy. If the RSI or Bollinger Bands are interacting with their respective boundaries, this strengthens the potential trade signal. Stay ready and keep a close watch on the chart for the final signal.
Step 3: React Quickly to the "Buy/Sell Signal" Alert
When you receive the "Buy/Sell Signal" alert, it means the conditions for the trade are fully met. Act quickly and use the data provided in the ACCScanner table—including Stoploss distance, Stoploss price, and Position size—to place your trade. Ensure all the settings have been configured properly under 'Account Info' beforehand so you can execute the trade smoothly and confidently.
__________________________________________________________________
📌 CONCLUSION
We believe that true success comes from the synergy between the trader and the indicator, rather than relying solely on the tool itself for profitability. While many traders expect an indicator to generate profits on its own, the reality is much more nuanced.
Our goal with ACCScanner is to offer a comprehensive, customizable, and easy-to-use tool that helps traders develop a deeper understanding of market dynamics. By using ACCScanner as a support tool for informed decision-making, any trader can enhance their trading strategy and gain the confidence to act effectively.
__________________________________________________________________
⚠️ Disclaimer
Past performance does not guarantee future results. All content, tools, scripts, articles, & education provided by MaximizedTrading are purely for informational & educational purposes only. Past performance is no guarantee of future results.
[Superior FSVZO] Advanced Stochastic RSI | viResearchAdvanced Stochastic RSI | viResearch
Conceptual Foundation and Innovation
The "Advanced Stochastic RSI" indicator from viResearch blends the principles of the Stochastic Oscillator and the Relative Strength Index (RSI), enhanced with smoothing via the Double Exponential Moving Average (DEMA). This combination offers traders a more refined and responsive tool for detecting potential trend reversals and assessing market momentum. The Stochastic Oscillator applied to the RSI allows for a detailed view of overbought and oversold conditions, while DEMA further smooths the data, reducing market noise. This integration results in a powerful tool for identifying key entry and exit points in the market based on momentum shifts.
By utilizing this advanced approach, the indicator gives traders more accurate signals for detecting price trends, particularly when traditional indicators may struggle with market noise and provide unreliable signals.
Technical Composition and Calculation
The "Advanced Stochastic RSI" indicator employs several key calculations to provide a comprehensive view of market momentum. The Double Exponential Moving Average (DEMA) is applied to the closing price to smooth fluctuations and provide a cleaner dataset. The RSI is then calculated on this smoothed price, which improves the accuracy of overbought and oversold signals. A for loop evaluates the RSI values between two user-defined thresholds to determine the overall market strength.
The Stochastic Oscillator is applied to this RSI-based system, calculating the %K line using a moving average, with the %D line as a further smoothing of the %K line. The crossing of these two lines serves as the primary signal for determining market entry and exit points. A positive crossing of %K above %D signals a potential upward trend, while a negative crossing of %K below %D suggests a possible downward trend.
Features and User Inputs
The "Advanced Stochastic RSI" script offers several customizable inputs, allowing traders to fine-tune the indicator’s sensitivity and behavior. The DEMA length defines the smoothing applied to the price data before calculating the RSI, which affects how responsive or smooth the indicator is. The RSI length determines the period over which the RSI is calculated, influencing the sensitivity of the momentum signals. The system’s for loop evaluates the RSI between two thresholds, providing a way to measure market strength over a defined range.
Additionally, the %K and %D smoothing controls the lengths of the Stochastic Oscillator’s %K and %D lines, adjusting the indicator’s responsiveness to changes in RSI. Traders can also adjust the bar color and set alert conditions for when the %K line crosses the %D line, allowing for real-time notifications of potential trading signals.
Practical Applications
The "Advanced Stochastic RSI" is designed for traders seeking a more nuanced approach to momentum analysis and trend detection. By combining the Stochastic Oscillator with the RSI, traders can more effectively identify overbought and oversold conditions, improving their timing for market entries and exits. This indicator is particularly useful for detecting reversals when the %K and %D lines cross, providing clear signals of potential trend reversals, especially when these crossovers occur in overbought or oversold zones.
The combination of DEMA and RSI confirms when the market is gaining or losing momentum, reducing the risk of false signals caused by short-term volatility. The ability to customize the indicator’s sensitivity through multiple inputs makes it adaptable for both short-term and long-term trading strategies, allowing traders to fine-tune the indicator to match their specific trading style.
Advantages and Strategic Value
The "Advanced Stochastic RSI" script offers significant value by combining three powerful elements—RSI, Stochastic Oscillator, and DEMA smoothing—into a single cohesive tool. This integration enhances the accuracy of trend detection by reducing noise while maintaining responsiveness to market movements. The ability to customize the inputs ensures that the indicator can be adjusted to suit different market environments, making it a versatile tool for traders at all levels.
By using the Stochastic RSI with an added smoothing layer, the indicator reduces the risk of whipsaw trades caused by market volatility, offering traders clearer signals for trend reversals and continuation patterns. This makes the "Advanced Stochastic RSI" a robust solution for identifying key momentum shifts.
Alerts and Visual Cues
The script includes alert conditions that notify traders of key trend shifts. A "Stochastic RSI Long" alert is triggered when the %K line crosses above the %D line, signaling a potential upward trend. A "Stochastic RSI Short" alert indicates a possible downward trend when the %K line crosses below the %D line. Additionally, the visual plot of the %K and %D lines, along with color-coded fill areas, provides clear cues for interpreting market conditions in real time.
Summary and Usage Tips
The "Advanced Stochastic RSI | viResearch" indicator provides traders with a powerful tool for analyzing market momentum and detecting potential reversals. By combining the strengths of the Stochastic Oscillator, RSI, and DEMA smoothing, this indicator improves the accuracy of trend detection and reduces the likelihood of false signals caused by market noise. Incorporating this script into your trading strategy can help enhance your timing of market entries and exits, offering a reliable and customizable solution for traders at all levels.
Note: Backtests are based on past results and are not indicative of future performance.
SUSH ALGOStep-by-Step Guide for Trading Using the Script
1. Asset Selection
When applying this script, the first thing to do is select your desired asset to trade.
You can select from the following assets within the script:
Scalping
Gold
USD/JPY
EUR/USD
EUR/JPY
BTC/USD
NIFTY 50
The parameters for the strategy (e.g., q, r, s, and ADX Threshold) will adjust automatically based on your selected asset. If you want to use custom parameters, turn on the Use Manual Settings option.
2. Adjust Manual Settings (Optional)
Use Manual Settings: Toggle this if you want to input your custom values for the strategy parameters.
Manual q: Affects swing period calculation.
Manual r: Affects the smoothing in the calculation of the oscillator.
Manual s: Affects the smoothing period of the main line of the oscillator.
Manual Signal Length: Length of the signal line for generating buy/sell signals.
Manual ADX Threshold: Adjusts the ADX value to filter trades based on trend strength.
3. Reading the SMI (Stochastic Momentum Index) Oscillator
SMI: This indicator oscillates between overbought and oversold levels, signaling potential entry and exit points.
Overbought Level: +30
Oversold Level: -30
The signal line is calculated based on the smoothed SMI value.
A crossover above the signal line in the oversold region (< -30) signals a buy.
A crossunder below the signal line in the overbought region (> +30) signals a sell.
4. Trade Signal Alerts
Buy Signal Alert: Triggered when the SMI crosses over the signal line in the oversold zone, and ADX exceeds the threshold.
Sell Signal Alert: Triggered when the SMI crosses under the signal line in the overbought zone, and ADX exceeds the threshold.
5. Entry, Stop Loss, and Target Levels
Entry Line: The script will plot an entry line at the close price when a buy or sell signal is triggered.
Stop Loss: A stop loss will be set based on the lowest low (for buy signals) or highest high (for sell signals) of the previous candles.
Take Profit Targets:
Target 1 (TP1): 3 times the size of the entry candle.
Target 2 (TP2): 6 times the size of the entry candle.
Target 3 (TP3): 10 times the size of the entry candle.
Make sure the Show Entry, Show Stop Loss, and Show Targets toggles are enabled to visualize these lines on the chart.
6. Monitoring the ADX (Average Directional Index)
The ADX value filters weak signals, ensuring that you trade only in trending markets.
If ADX > adxThreshold, the trend is strong, and the buy or sell signal becomes valid.
If ADX < adxThreshold, the trade signals are ignored to avoid trading in sideways markets.
7. Box, Line, and Label Toggles for Swing Highs/Lows
The script allows you to visualize swing highs and lows for better market context. You can toggle the following options:
Show Boxes: Displays rectangular boxes around the swing highs and lows.
Show Swing Lines: Plots lines at swing highs and lows for visual confirmation of key price levels.
Show Labels: Adds text labels to the swing levels, indicating whether they represent a swing high or low.
8. Customize Appearance (Optional)
You can change the appearance of the boxes, lines, and labels, such as their color, width, and style (solid or dotted), from the Appearance settings.
9. Monitor Volume and Open Interest (Optional)
You can also track volume and open interest (OI) data from various exchanges like Binance and BitMEX to get additional confirmations.
Steps for Trading
1.Select your asset from the drop-down menu based on your trading preferences.
2.Adjust manual settings (optional) if you want to use your own parameters for the strategy.
3.Wait for a buy or sell signal to trigger based on the crossover of the SMI oscillator in the overbought/oversold regions.
4.Once a signal is triggered, check for the plotted entry price, stop loss, and take profit levels on your chart.
5.Monitor the ADX value to ensure that the market is trending strongly.
6.If the trade meets your criteria, enter the trade at the indicated price.
Set your stop loss and take profit orders as indicated by the script.
Key Notes
# This strategy is designed for both trending and mean-reversion markets depending on the asset and the ADX value.
# Make sure to practice proper risk management by adjusting the stop loss and position size based on your risk tolerance.
MAG8 Market breadth RSI [INVESTIC]The MAG8 Market Breadth RSI Indicator is a powerful tool that tracks the RSI (Relative Strength Index) levels of eight market-influencing stocks: Meta, Amazon, Netflix, Google, Tesla, Microsoft, Apple, and Nvidia.
The indicator consists of two key components:
- Green Line (Stocks Trading Above RSI 80): This shows the number of stocks that are overbought, suggesting they are trading at high momentum levels. When the green line rises, it signals potential exhaustion in these stocks, which could be an opportunity to take profits or prepare for a reversal.
- Red Line (Stocks Trading Below RSI 20): This line indicates the number of stocks that are oversold and potentially undervalued. A rising red line suggests a buying opportunity, as these stocks could be poised for a rebound.
image :
Why MAG8 RSI breadth Indicator?
This indicator is invaluable for identifying extreme market conditions across the most influential stocks. When the green line rises, it could signal the market is nearing a peak, helping you time your exits. On the other hand, when the red line increases, it may highlight oversold conditions, offering prime buying opportunities. By using this tool, you can make more informed decisions and align your trades with market momentum.
DCA, Support and Resistance with RSI and Trend FilterThis script is based on
script from Kieranj with added pyramiding and DCA
The buy condition (buyCondition) is triggered when the RSI crosses above the oversold threshold (ta.crossover(rsi, oversoldThreshold)), the trend filter confirms an uptrend (isUptrend is true), and the close price is greater than or equal to the support level (close >= supportLevel).
The partial sell condition (sellCondition) is triggered when the RSI crosses below the overbought threshold (ta.crossunder(rsi, overboughtThreshold)) and profit goal is reached, the trend filter confirms a downtrend (isUptrend is false), and the close price is less than or equal to the resistance level (close <= resistanceLevel).
Full sell will be triggered if trend is broken and profit goal is reached
With this implementation, the signals will only be generated in the direction of the trend on the 4-hour timeframe. The trend is considered up when the 50-period SMA is below the 200-period SMA (ta.sma(trendFilterSource, 50) < ta.sma(trendFilterSource, 200)).
Pyramiding should be activated, values like 100, so every DCA step should be around 1%
i have best results on 5 min charts
Fetch Stoch RSI Swing Buy and SellThe "Fetch Stoch RSI Swing Buy and Sell" script is a custom trading indicator built in Pine Script for TradingView. It leverages the Stochastic RSI to generate both buy and sell signals based on user-defined thresholds for overbought and oversold conditions.
Key Features:
1: Stochastic RSI Calculation:
- The script uses the Stochastic RSI indicator, a momentum oscillator that measures the relative strength index (RSI) against its high-low range over a specific period.
- The %K and %D lines of the Stochastic RSI are smoothed using moving averages to help refine the signals.
2: Oversold Buy Signals:
- A buy signal is triggered when both the Stochastic RSI %K and %D values drop below a user-defined oversold level (default 20).
- The script tracks the number of dips below the oversold threshold and fires a buy signal after a specified number of dips (default 10).
- When the buy condition is met, a green upward triangle is plotted below the candle, and an alert is triggered.
3: Overbought Sell Signals:
- A sell signal is generated when the Stochastic RSI %K and %D exceed a user-defined overbought level (default 80).
- Similar to the buy condition, the script counts the number of tops above the overbought level and triggers a sell signal after a specific number of tops (default 10).
When the sell condition is met, a red downward triangle is plotted above the candle, and an alert is triggered.
This script is particularly useful for swing traders looking to capitalize on short-term reversals in the market, as it helps to identify potential entry and exit points based on momentum shifts.
Stoch RSI Time StatisticsThe “Stochastic RSI Time Statistics” is a comprehensive tool designed to enhance your trading decisions by combining the traditional Stochastic RSI with additional metrics and visual aids. This indicator can be used to detect overbought and oversold conditions, issue long and short alerts based on crossovers, and help you analyse market movements by providing detailed statistical insights.
The Stochastic RSI is an open source script that was developed by Tushar Chande and Stanley Kroll and introduced in their book "The New Technical Trader" in 1994. It combines two popular indicators: the “Relative Strength Index (RSI)” and the “Stochastic Oscillator”.
The “Stochastic RSI Time Statistics” uses the stochastic RSI calculations and additionally calculates various probability and frequency statistics to better understand the momentum oscillator’s behaviour and guide our strategies and risk management.
Statistics & Probabilities:
The indicator calculates important time and frequency-based metrics that provide deeper insight into the behaviour of the Stochastic RSI. These are displayed in a text box on the indicator panel, including:
Avg Long: The average number of bars between the last long signal before exiting the critical zone and the next short signal in the overbought critical zone, including the standard deviation and the sample size within the relevant time frame.
Avg Short: The average number of bars between the last short signal before exiting the critical zone and the next long signal in the oversold critical zone, including the standard deviation and the sample size within the relevant time frame.
Avg Consecutive Longs: The average number of consecutive long signals before the first proceeding short signal occurs, with standard deviation.
Avg Consecutive Shorts: The average number of consecutive short signals before the first proceeding long signal occurs, with standard deviation.
Time in Oversold: The average time (in bars/candle sticks) that the Stochastic RSI lines (K & D Lines both in critical zone) spends in the oversold region (below the buy signal level) after entering the oversold region and until both K & D lines depart from the oversold region, along with the standard deviation.
Time in Overbought: The average time (in bars/candle sticks) that the Stochastic RSI lines (K & D Lines both in critical zone) spends in the overbought region (above the sell signal level), after entering the overbought region and until both K & D lines depart from the overbought region, along with the standard deviation.
Signal Frequency: It calculates the percentage of a single, double, triple, and more than triple long or short signals that occur consecutively within the critical zone before the opposing signal occurs (e.g., 1Long: 40.54%, 2 Long:28.55%, 3Long 17.4%, >3 Long:13.51%, 1Short:36.15%, 2Short:30.41%, 3Short:17.57%, >3Short:15.88%).
Key Features:
Oversold: When the Stochastic RSI is below 20, it indicates that the RSI is in a low range, and the asset may be oversold, potentially signalling a buying opportunity.
Overbought: When the Stochastic RSI is above 80, it suggests the RSI is in a high range, meaning the asset may be overbought and a downturn might be near.
The Stochastic RSI Slope indicates the prominent trend direction within a relevant time period.
Customizable Buy Signal Level (typically below 20-25 percentile) to detect oversold conditions. Customizable Sell Signal Level (typically above 75-80 percentile) to detect overbought conditions. These levels help you spot potential reversal zones where long or short trades might be initiated.
Crossover Alerts:
The indicator tracks crossovers between the K and D lines, generating long signals when a crossover occurs below the buy signal level (indicating oversold conditions) and short signals when a cross under occurs above the sell signal level (indicating overbought conditions). The signals are visualized as labels on the chart:
**L** for potential long (buy) signals: Marked below the bars when the K line crosses above the D line.
**S** for potential short (sell) signals: Marked above the bars when the K line crosses below the D line.
Visual Alerts are generated based on these signals.
Risk Management
Although the Stochastic RSI is typically regarded as presenting trend direction and overbought and oversold conditions when in the extreme zones, the RSI can linger and cross over or under numerous times while in the critical zone. The statistics added to the Stochastic RSI indicator allows one to assess the statistical probability of numerous crossover signals occurring on an asset or at various time frames. Signal levels, or preferred definitions of the critical zones can be adjusted while the statistics are automatically updated to the relevant ticker or time frame. Colours and Signal shapes are adjustable to suite your visual preferences.
By using this indicator, you acknowledge and agree that:
No Guarantees: The indicator is provided "as-is" without any warranties or guarantees of accuracy, completeness, or fitness for a particular purpose. The outcomes or performance of trades executed using this indicator are not guaranteed to be successful or profitable.
User Responsibility: You are solely responsible for any trading decisions you make based on the use of this indicator. All trading and investment activities involve risk, and it is essential to conduct your own research, analysis, and due diligence before making any financial decisions.
No Liability: The creator of this indicator is not responsible for any financial losses, direct or indirect, incurred as a result of using this indicator. This includes, but is not limited to, loss of profits, loss of capital, or any other negative financial outcomes.
Market Risks: Markets are volatile, and prices may fluctuate significantly. Trading and investing carry inherent risks, and there is always the potential for loss. You should only trade with capital that you can afford to lose.
Independent Advice: It is strongly recommended that you seek independent financial advice from a qualified and licensed professional before making any trading or investment decisions based on the use of this indicator.
By using this indicator, you acknowledge that you fully understand and accept the risks involved, and you agree to indemnify and hold harmless the creator of this indicator from any claims, damages, or liabilities arising from its use.
The author of this script has made every effort to ensure that the code is an original interpretation and application of the open-source Stochastic RSI, as developed by the original authors, Tushar Chande and Stanley Kroll. The script reflects a unique adaptation aimed at enhancing trading strategies through advanced statistical analysis and trade management features. The author does not claim any proprietary rights over the foundational concepts of the Stochastic RSI and does not intend to infringe upon any existing copyrights. Should any copyright infringement be identified, the author commits to removing the indicator immediately and forfeits any rights to further or intended financial gain from its use.
RSItrendsThis is to my friends and to my sons to use.
What Is the Relative Strength Index (RSI)?
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.
1
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.