// I've been doing a LOT of work recently with RSI to figure out what its all about and to learn the ins and outs.
// Some great ideas (I think at least) have come to fruition from the deep-dive into RSI, thus, I've got 2 of these ideas
// to share. One notable feature for the RSI is when there is a BULLISH trend, it is VERY likely to stay within the upper
// 2/3rds of the RSI extremes (0-100) and vise-versa for BEARISH trends and the lower 2/3rds of the RSI extremes.
// That is where this script's idea was derived. Now PLEASE, do tell, if you disagree with me (preferably via a cool,
// calm, and collected comment...but hey, that's up to you). Ok, now the script.
// What this does is gives you a Bullish and Bearish count for the bars. Bullish Cnt counts up by +1 per every PRINTED bar
// that is above OverSold and vise-versa for the Bearish Cnt and being below OverBought. That does VERY MUCH make it
// possible for both counts to have a high value if RSI is staying between OverBought and OverSold for extended periods
// of time. Though, the ONLY count that will be shown is the one with the highest value.
// There are tooltips describing each of the settings but I will quickly talk about 3 more things. First of all, I prefer
// to have as few settings in the settings menu as possible thus the "Boundaries to OB/OS" setting can be viewed as the
// OverSold input and the OverBought setting is configured from this by subtracting "Boundaries to OB/OS" from 100
// (ie. 100-Oversold = OverBought). There Lastly, there is the option to show ONLY the coin with the MAX Count from each
// 'set' of coins. When that count resets to 0 then the next highest count coin will take its place. To use this instead
// of how the script is currently constructed you only need to comment out (add '//' at the beginning of each line of) the current
// plot functions and uncomment the lines at the very bottom under the 'MAX' section. Doing so also reveals the possibility of
// setting an alert for when the coin with the max count changes between different coins. This is very helpful because since it
// only gives the top count of ALL the coins in the selected set, this count is most likely going to continue forward with its
// count for a while thus when the alert goes off I prefer to look at the potential trades in the opposite direction of which
// the max coin was just in (ie. if its count plot/label is red and it stops then look for a potential long trade on the coin
// who's count just reset. Only ONE more piece of the script I have yet to talk about. There is a filter in the code and you
// can select to use or not use within the settings. What this filter does is it counts all the printed bars within the last
// ___bars(user selectable). This is due to the fact that if there is no trade that occurs on a bar then TradingView does not
// print the bar. The coins that have fewer updates also tend to stay within a tighter range for it's RSI thus many times
// giving the illusion that the coin is a good trade bc its trending count is very high (tending to be higher than the others)
// thus hogging the precious chart space if using the script in its current form, or hogging up the MAX slot so that no other
// (and most likely BETTER-TO-TRADE) coins will be shown. It is a great volatility indicator (that of which I have published
// a script using the idea in the recent past). If selected in the settings menu and if the % of printed bars count goes below
// the user set minimum % then both Bullish and Bearish counts will be reset. This is indicated within the counts plots by looking
// at the plots whose counts reset and rather than the plots just stopping printing in mid-air, they will continue to plot while the
// counts reset and fall down to 0. These types of coins will keep you in a trade longer that you'd probably want gaining less than
// you'd probably expect.
// Peace Folks & Happy Trading,
Gerçek TradingView ruhuyla, bu betiğin yazarı, yatırımcının anlayabilmesi ve doğrulayabilmesi için onu açık kaynak olarak yayınladı. Yazarın eline sağlık! Bunu ücretsiz olarak kullanabilirsiniz, ancak bu kodun bir yayında yeniden kullanımı Kullanım Koşulları ile yönetilir. Bir grafikte kullanmak için favorilere ekleyebilirsiniz.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.