fikira

VRSI-MARSI A

I wanted to create an indicator which resembles price movement, aside to volume movement.

MARSI (= MA RSI (close)) = "yellow-blue" line which is the MA(5) of the RSI (9) of closing price.
VRSI (= MA RSI ( Volume )) = "orange" line which is the MA(5) of the RSI (9) of Volume .

(Default plot of RSI and VRSI is not visible but can be made visible ("Settings" > "Style" > set "Opacity" of "RSI & VRSI"))

Because it still is a RSI indicator, the midline (50), and Oversold/Overbought area's (20-30 & 70-80) are important to watch, especially the MARSI!

Comparing the price movement with the "orange" Volume VRSI line helps to spot a possible trend change,
for example when price goes up and an ascending Volume VRSI line starts to flatten or starts descending,
this could be a sign that the Bullish trend is weakening, predicting a possible trend change.
Or, when for example a downwards price movement is accompanied with a rising Volume VRSI line, this can be a sign of large Bearish power.

This study comes with Bollinger Bands as an assisting tool, it is default made not visible but can be made visible
("settings" > "style" > Set "Opacity" of "basis, upper & lower")
You can see where the MARSI ("yellow-blue" line) crosses the "basis", or bounces off the bands, ...

All this is seen in "VRSI-MARSI B"

"VRSI-MARSI A" contains the alerts:

1) Long/Short = "Triangle UP/DOWN", color: lime/red
Condition: Movement of MA(5) of RSI (9) of price (close )
2) Long2/Short2 = ">", color: lime/red
Condition: Long/Short condition is true for 2 or more bars (= continuation)
3) Long3/Short3 = "•", color: lime/red
Condition: MA RSI (Close) crosses MA RSI ( Volume )

1 or more alerts can easily be disabled if desired (settings > inputs)

Thanks!

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------

More information available in the script ;-)
Nov 05
Sürüm Notları: There are 2 different styles of Plots, just switch the checkbox "Switch_Plot" (settings > inputs) on/of to switch between 2 kind of plots.


Favori Komutlardan Çıkart Favori Komutlara Ekle
Ana Sayfa Hisse Senedi Takipçisi Forex Takipçisi Kripto Takipçisi Ekonomik Takvim Gösterimler Nasıl Çalışır Grafik Özellikleri Ücretlendirme Kurallarımız Moderatörler Web Sitesi & Aracı Kurum Çözümleri Görsel Bileşenler(Widget) Grafik Çözümleri Hafif Grafik Kitaplığı Destek Merkezi Bir arkadaşınıza yönlendirin Yeni Özellik Talebi Blog ve Haberler SSS Viki Twitter
Profil Profil Ayarları Hesap ve Ödemeler Bir arkadaşınıza yönlendirin Destek Kayıtlarım Destek Merkezi Yayınlanmış Fikirler Takip Edenler Takip Ediliyor Özel Mesajlar Sohbet Çıkış