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Göreceli Güç Endeksi (RSI)

All-in-One: VWAP, Ichimoku, EMAs, ADX, RSI + AlertsTitle: All-in-One: VWAP, Ichimoku, EMAs, ADX, RSI + Alerts Short Title: Multi-Indicator + Alerts Description: This script combines several popular trading tools into a single indicator, giving traders a comprehensive view of market conditions alongside convenient alerts. Whether you are monitoring intraday trends, identifying breakouts, or looking for overbought/oversold zones, this script centralizes all the major signals you need. Features & Options VWAP (Volume-Weighted Average Price) Multi-timeframe VWAP on 1H, 4H, and Daily Helps identify key support/resistance zones based on volume distribution EMAs (Exponential Moving Averages) EMAs of 10, 20, 50, and 200 periods (customizable) Quick visualization of short-term vs. long-term trends Ichimoku Cloud Full Ichimoku suite (Tenkan, Kijun, Senkou A/B, Chikou) Auto-filled cloud for bullish/bearish scenarios Detect momentum shifts and potential support/resistance zones RSI & ADX Table RSI(14) and ADX(14) displayed on a small on-chart table Compare values across three custom timeframes for multi-timeframe confluence Labels on Last Bar Optional labels for VWAP, EMAs, and Ichimoku values on the latest candle Keeps critical numeric data in sight Alerts RSI Overbought/Oversold : Triggers when RSI crosses above/below user-defined thresholds (default 70/30). ADX Strong Trend : Fires when ADX surpasses a chosen level (default 25), indicating strong momentum. EMA Cross : Set an alert whenever a faster EMA crosses over or under a slower EMA (default EMA10 vs. EMA50). Ichimoku Kumo Breakout : Informs you when price closes above or below the Ichimoku cloud. With everything in one place, this script helps traders streamline their workflow and spot potential opportunities faster. All alert messages are static to ensure compliance with TradingView’s requirement for constant strings in alerts. Disclaimer: All trading involves risk. The signals generated by this script do not guarantee profits or prevent losses. Always combine multiple forms of analysis and exercise your own judgment before making any trading decisions.
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Eigna66 tarafından
1
RSI Divergence + Sweep + Signal + Alerts Toolkit [TrendX_]The RSI Toolkit is a powerful set of tools designed to enhance the functionality of the traditional Relative Strength Index (RSI) indicator. By integrating advanced features such as Moving Averages, Divergences, and Sweeps, it helps traders identify key market dynamics, potential reversals, and newly-approach trading stragies. The toolkit expands on standard RSI usage by incorporating features from smart money concepts (Just try to be creative 🤣 Hope you like it), providing a deeper understanding of momentum, liquidity sweeps, and trend reversals. It is suitable for RSI traders who want to make more informed and effective trading decisions. 💎 FEATURES RSI Moving Average The RSI Moving Average (RSI MA) is the moving average of the RSI itself. It can be customized to use various types of moving averages, including Simple Moving Average (SMA), Exponential Moving Average (EMA), Relative Moving Average (RMA), and Volume-Weighted Moving Average (VWMA). The RSI MA smooths out the RSI fluctuations, making it easier to identify trends and crossovers. It helps traders spot momentum shifts and potential entry/exit points by observing when the RSI crosses above or below its moving average. RSI Divergence RSI Divergence identifies discrepancies between price action and RSI momentum. There are two types of divergences: Regular Divergence - Indicates a potential trend reversal; Hidden Divergence - Suggests the continuation of the current trend. Divergence is a critical signal for spotting weakness or strength in a trend. Regular divergence highlights potential trend reversals, while hidden divergence confirms trend continuation, offering traders valuable insights into market momentum and possible trade setups. RSI Sweep RSI Sweep detects moments when the RSI removes liquidity from a trend structure by sweeping above or below the price at key momentum level crossing. These sweeps are overlaid on the RSI chart for easier visualized. RSI Sweeps are significant because they indicate potential turning points in the market. When RSI sweeps occur: In an uptrend - they suggest buyers' momentum has peaked, possibly leading to a reversal; In a downtrend - they indicate sellers’ momentum has peaked, also hinting at a reversal. (Note: This feature incorporates Liquidity Sweep concepts from Smart Money Concepts into RSI analysis, helping RSI traders identify areas where liquidity has been removed, which often precedes a trend reversal) 🔎 BREAKDOWN RSI Moving Average How MA created: The RSI value is calculated first using the standard RSI formula. The MA is then applied to the RSI values using the trader’s chosen type of MA (SMA, EMA, RMA, or VWMA). The flexibility to choose the type of MA allows traders to adjust the smoothing effect based on their trading style. Why use MA: RSI by itself can be noisy and difficult to interpret in volatile markets. Applying moving average would provide a smoother, more reliable view of RSI trends. RSI Divergence How Regular Divergence created: Regular Divergence is detected when price forms HIGHER highs while RSI forms LOWER highs (bearish divergence) or when price forms LOWER lows while RSI forms HIGHER lows (bullish divergence). How Hidden Divergence created: Hidden Divergence is identified when price forms HIGHER lows while RSI forms LOWER lows (bullish hidden divergence) or when price forms LOWER highs while RSI forms HIGHER highs (bearish hidden divergence). Why use Divergence: Divergences provide early warning signals of a potential trend change. Regular divergence helps traders anticipate reversals, while hidden divergence supports trend continuation, enabling traders to align their trades with market momentum. RSI Sweep How Sweep created: Trend Structure Shift are identified based on the RSI crossing key momentum level of 50. To track these sweeps, the indicator pinpoints moments when liquidity is removed from the Trend Structure Shift. This is a direct application of Liquidity Sweep concepts used in Smart Money theories, adapted to RSI. Why use Sweep: RSI Sweeps are created to help traders detect potential trend reversals. By identifying areas where momentum has exhausted during a certain trend direction, the indicator highlights opportunities for traders to enter trades early in a reversal or continuation phase. ⚙️ USAGES Divergence + Sweep This is an example of combining Devergence & Sweep in BTCUSDT (1 hour) Wait for a divergence (regular or hidden) to form on the RSI. After the divergence is complete, look for a sweep to occur. A potential entry might be formed at the end of the sweep. Divergences indicate a potential trend change, but confirmation is required to ensure the setup is valid. The RSI Sweep provides that confirmation by signaling a liquidity event, increasing the likelihood of a successful trade. Sweep + MA Cross This is an example of combining Devergence & Sweep in BTCUSDT (1 hour) Wait for an RSI Sweep to form then a potential entry might be formed when the RSI crosses its MA. The RSI Sweep highlights a potential turning point in the market. The MA cross serves as additional confirmation that momentum has shifted, providing a more reliable and more potential entry signal for trend continuations. DISCLAIMER This indicator is not financial advice, it can only help traders make better decisions. There are many factors and uncertainties that can affect the outcome of any endeavor, and no one can guarantee or predict with certainty what will occur. Therefore, one should always exercise caution and judgment when making decisions based on past performance.
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TrendX_ tarafından
Cevval's Future Long Short Percentage PredictionThis script is designed to calculate and display the dynamic win rates of long and short trades based on historical price data and various indicators. It calculates the long and short signals using price change, volume, and the Relative Strength Index (RSI). The script uses a simple moving average (SMA) to smooth out price changes and volume over a given period (14 bars in this case). Long Signal is triggered when the price change is positive, RSI is above 50, and the volume exceeds the average volume. Short Signal is triggered when the price change is negative, RSI is below 50, and the volume exceeds the average volume. The script then counts the occurrences of long and short signals over the last 14 bars and calculates the win rate for both long and short trades. These win rates are plotted on the chart as percentage values, with the long win rate shown in green and the short win rate in red. Additionally, dynamic labels are created next to the most recent bar, displaying the long and short win rates. These labels adjust their position according to the price of the most recent bar, ensuring they stay positioned correctly even when the chart is scrolled or zoomed. In essence, the script offers a dynamic, real-time representation of the potential success rates of long and short trades based on price and volume data, allowing traders to make more informed decisions.
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BoraErbasoglu tarafından
Uptrick: Smart BoundariesThis script is designed to help traders identify potential turning points in the market by combining RSI (Relative Strength Index) signals and Bollinger Bands. It also includes a built-in mechanism to manage the number of consecutive buy and sell entries, often referred to as pyramiding. Below you will find a detailed explanation of how the script works, how it was designed, and some suggestions on using it effectively in your trading workflow. Overview The script calculates RSI using a user-defined length and identifies when the RSI is in overbought or oversold territory based on user-selected threshold levels (default values for RSI overbought and oversold are 70 and 30, respectively). Additionally, it plots Bollinger Bands, which can provide context on potential price volatility. A Bollinger Band uses a moving average of the closing price plus and minus a configurable multiplier of the standard deviation. When price closes below the lower band, it may suggest a temporary oversold condition. Conversely, when price closes above the upper band, it may suggest an overbought condition. Combining RSI and Bollinger Bands The buy condition is triggered when the RSI is below the defined oversold level and the closing price is below the lower Bollinger Band. The idea behind this is that both momentum (as indicated by RSI) and volatility (as indicated by Bollinger Bands) are pointing to a potential undervaluation of price. The sell condition is the mirror image of that logic: it is triggered when the RSI is above the defined overbought level and the closing price is above the upper Bollinger Band. These signals aim to highlight points in the market where there could be a momentum shift or a mean reversion. Pyramiding Logic A unique aspect of this script is how it manages pyramiding, which is the practice of taking multiple entries in the same direction. For example, if you already have a buy entry and the conditions remain bullish, you might want to add an additional position. However, controlling how often you add those positions can be crucial in risk management. The script includes a variable that counts the number of buys and sells currently triggered. Once the maximum allowed number of entries per side (defined as maxPyramiding) is reached, no more entries of that type are plotted. There is an optional feature (enablePyramiding) that allows you to reduce pyramiding by disabling it if you prefer to take only one entry per signal. When disabled, the script will not allow additional positions in the same direction until a reset occurs, which happens when the condition for that side is not met. Labels and Visuals Every time a buy or sell condition is triggered, the script plots a small label on the chart at the bar index. A buy label appears underneath the price to visually mark the entry, while a sell label appears above the price. These labels make it easy to see on the chart exactly when both conditions coincide (RSI condition and Bollinger Band condition). This visual reference helps traders quickly spot patterns and potential entry or exit points. Alongside these signals, you can also see the Bollinger Bands plotted in real time. The upper band is shown in red, and the lower band is shown in green. Having these bands on the chart allows you to see when price is trading near the extremes of its recent average range. Alerts Alerts can be set to notify you when a buy or sell condition appears. This means that even if you are not actively watching the chart, you can receive a notification (through TradingView's alert system) whenever RSI crosses into oversold or overbought territory in conjunction with price closing outside the Bollinger Bands. Potential Uses Traders might use this tool for a range of styles, from scalping to swing trading. Since the signals are based on RSI and Bollinger Bands, it can help highlight points of possible mean reversion, but it does not guarantee future performance. It may be beneficial to combine it with other forms of technical analysis, such as volume studies or support/resistance levels, to help filter out weaker signals. Customization One of the main strengths of this script is its flexibility. All key parameters can be tuned to fit your personal trading style and risk tolerance. You can adjust: • The RSI length and threshold levels for overbought/oversold. • Bollinger Band length and multiplier to catch wider or narrower volatility bands. • The maximum allowed pyramiding entries per side. • Whether to enable or disable pyramiding logic altogether. Uniqueness of This Script A distinctive aspect of this script is its combination of a classic momentum indicator (RSI) with Bollinger Bands, plus an intelligent pyramiding component. While many indicators simply plot RSI or Bollinger Bands, this script synchronizes the two to highlight oversold and overbought conditions more precisely. At the same time, the built-in pyramiding counter allows you to manage how many times you enter on the same signal direction, giving you a dynamic scaling feature not commonly seen in standalone RSI or Bollinger Band scripts. This approach helps traders maintain consistent risk management by preventing excessive stacking of positions when signals continue to appear, which can be beneficial for those who like to scale into trades gradually. All these factors contribute to the script's uniqueness and potential usefulness for a wide range of trading styles, from cautious single-entry traders to those who prefer incremental position building. Conclusion This script is a helpful tool for traders interested in combining momentum and volatility indicators. By integrating RSI signals with Bollinger Band breakouts, it tries to uncover moments when price might be at an extreme. It further offers pyramiding control, which can be appealing to traders who like to scale into positions. As with any technical indicator or script, it is important to do additional research and not rely solely on these signals. Always consider using proper risk management, and keep in mind that no tool can accurately predict future prices every time. BACKTESTED RESULTS The script has proven to be the most profitable on the 3 mins timeframe with these settings: RSI Length: 17 Overbought Level: 70 Oversold Level: 33 Bollinger Bands Length: 19 Bollinger Bands Multiplier: 2 As of 22nd December 2024 Pyramiding was set to 10 Not financial advice TOTAL WINNING RATE: 75.04%
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Uptrick tarafından
RSI+EMA+MZONES with DivergencesFeatures: 1. RSI Calculation: Uses user-defined periods to calculate the RSI and visualize momentum shifts. Plots key RSI zones, including upper (overbought), lower (oversold), and middle levels. 2. EMA of RSI: Includes an Exponential Moving Average (EMA) of the RSI for trend smoothing and confirmation. 3. Bullish and Bearish Divergences: Detects Regular divergences (labeled as “Bull” and “Bear”) for classic signals. Identifies Hidden divergences (labeled as “H Bull” and “H Bear”) for potential trend continuation opportunities. 4. Customizable Labels: Displays divergence labels directly on the chart. Labels can be toggled on or off for better chart visibility. 5. Alerts: Predefined alerts for both regular and hidden divergences to notify users in real time. 6. Fully Customizable: Adjust RSI period, lookback settings, divergence ranges, and visibility preferences. Colors and styles are easily configurable to match your trading style. How to Use: RSI Zones: Use RSI and its zones to identify overbought/oversold conditions. EMA: Look for crossovers or confluence with divergences for confirmation. Divergences: Monitor for “Bull,” “Bear,” “H Bull,” or “H Bear” labels to spot key reversal or continuation signals. Alerts: Set alerts to be notified of divergence opportunities without constant chart monitoring.
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lordoflolz tarafından
EMA ivis Breakout StrategyEine bewährte Strategie kombiniert gleitende Durchschnitte (EMAs) mit einem Breakout-Filter, um nur bei klaren Markttrends zu handeln. Entwickelt habe ich diese für BTCUSD, funktioniert aber auch in anderen Assets. Ausstiegsregeln: Für den Stop-Loss: 1,5-fache ATR unterhalb/oberhalb des Einstiegskurses. Für den Take-Profit: 2-fache ATR über/unter dem Einstiegspunkt Zeit Filter: Der Indikator liefert nur in der definierten Handelszeit Signale. Diese können SIe selbstständig in den Einstellungen verändern. Die Strategie kann man bestens in 15min anwenden.
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Hexometra tarafından
RSI with Reverse RSIThe RSI with Reverse RSI indicator is a powerful tool designed for traders who want an enhanced view of market momentum using two complementary RSI calculations: 1. Standard RSI: The classic Relative Strength Index (RSI) to measure overbought and oversold conditions. 2. Reverse RSI: A flipped version of RSI, offering an inverted perspective to provide additional context for decision-making. Features: • Dynamic Colors: • Green indicates the RSI is above the upper threshold. • Red indicates the RSI is below the lower threshold. • Customizable Levels: Set your preferred overbought/oversold levels for both RSI calculations. • Alerts: Optional real-time alerts notify you when the RSI crosses the 50-level midpoint. • Visual Simplicity: Both RSIs are plotted as lines with changing colors, making it easier to interpret. Use Cases: • Spot potential reversals with overbought/oversold levels. • Monitor momentum shifts when crossing the 50-level midpoint. • Combine insights from standard and reversed RSIs for better entry/exit strategies. Customization Options: • Periods for both RSIs. • Levels for determining overbought/oversold conditions. • Enable/disable alerts for RSI midpoint crossings. Whether you’re a beginner or an experienced trader, this indicator simplifies the RSI analysis by combining the standard and flipped RSI in one chart.
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amirnajafi66 tarafından
Where is Bottom [ZARMEN]An enhancement of my RSI Bottom Indicator. This one finds you Tops & Bottoms. This indicator uses the RSI and prints you top & bottom warnings directly on the price chart. The other special thing about this is that the RSI pulls the data from the weekly chart no matter on what timeframe you are on. The preferred timeframe can, of course, be changed in the settings as well as any thresholds for tops and bottoms. The default settings are very good for btc, but be free to try and test this indicator with different settings on different charts.
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TradeFinalized tarafından
RSI-ATR Analyzer (overbought/oversold)Combine RSI and ATR insights for comprehensive market analysis. Description: The RSI-ATR Analyzer indicator integrates the Relative Strength Index (RSI) with Average True Range (ATR) analysis to provide traders with an enhanced understanding of price action. This tool is particularly useful for identifying overbought/oversold conditions and analyzing average price ranges relative to ATR. Use ATR-based ranges to assess volatility and combine it with RSI signals to enhance your decision-making process. Features: RSI Analysis: Tracks RSI to identify overbought and oversold levels. ATR-Based Ranges: Calculates and plots the average range from high to open and open to low based on ATR. Customizable Parameters: Allows full customization of RSI length, ATR length, overbought/oversold levels, and line colors. Alerts: Sends alerts when RSI enters overbought or oversold zones. Inputs: RSI Source: Choose the data source for RSI calculations (default: close price). RSI Length: Set the length for RSI calculation (default: 14). ATR Length: Adjust the ATR length for range calculations (default: 50). Overbought/Oversold Levels: Define the RSI thresholds for overbought (default: 70) and oversold (default: 30) levels. Line Color: Customize the RSI line color (default: blue). Plots: High to Open Range: Plots the average range from high to open in green. Open to Low Range: Plots the average range from open to low in red. RSI Line: Displays the RSI value over time with thresholds for overbought and oversold levels. How to Use: Add the indicator to your chart. Customize the parameters to fit your trading strategy. Use the plotted ranges to understand price movements and compare them with RSI readings. Set alerts to monitor RSI entry into overbought or oversold zones. Alerts: "RSI is in overbought zone!" Triggers when RSI crosses above the overbought level. "RSI is in oversold zone!" Triggers when RSI crosses below the oversold level. Visualization: Transparent green and red areas represent ATR-based ranges for high-to-open and open-to-low, respectively. Blue line depicts the RSI, with clear markers for overbought (70) and oversold (30) levels. Use Cases: Identify potential reversals with RSI overbought/oversold signals. Analyze price movement ranges relative to ATR. Combine with other indicators to build a robust trading strategy.
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Eigna66 tarafından
RSI Top & Bottom Warning [ZARMEN]An enhancement of my RSI Bottom Indicator. This one finds you Tops & Bottoms. This indicator uses the RSI and prints you top & bottom warnings directly on the price chart. The other special thing about this is that the RSI pulls the data from the weekly chart no matter on what timeframe you are on. The preferred timeframe can, of course, be changed in the settings as well as any thresholds for tops and bottoms. The default settings are very good for btc, but be free to try and test this indicator with different settings on different charts.
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TradeFinalized tarafından
Trend Indicator AO (weighted RSI, ADX, ROC)Analyze market trends with a customizable tool that combines RSI, ADX, ROC, and Stochastic indicators. --- 🌟 Features: Dynamic AO Coloring: The Awesome Oscillator (AO) changes color based on the calculated trend direction. Customizable Weights: Adjust the importance of each indicator (RSI, ADX, ROC, Stochastic) to match your trading style. Overbought/Oversold Levels: Easily spot market extremes using adjustable RSI and Stochastic thresholds. Alerts: Get notified when strong bullish or bearish conditions occur. Grouped Settings: All settings are neatly organized for easy configuration. --- ⚙️ Customizable Settings: RSI Settings: Change the RSI source, period, and overbought/oversold levels. ADX Settings: Set the ADX period and trend strength threshold. ROC Settings: Adjust the ROC calculation period. Stochastic Settings: Customize the %K and %D periods. Weights: Fine-tune the impact of each indicator on the overall trend calculation. --- 🔔 Alerts: Receive alerts when: - Strong Buy: The trend shows significant bullish momentum. - Strong Sell: The trend shows significant bearish momentum.
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Eigna66 tarafından
Dual Relative Strength Index(RSI)Triple rsi was announced yesterday, and today I'm announcing a new version as planned yesterday. The name is dual rsi. This rsi allows me to show you the rsi of the time frame that I'm seeing at this moment and the time frame that's four times longer at the same time. I don't have to manually time frame each one, I just open the time zone chart I want, and I automatically adjust the time zone. It is expected to be used to check the trend when buying and selling. If you have anything to supplement or want to use my code, feel free to use it. ====번 역=== 트리플 rsi를 어제 발표하였고, 나는 오늘은 어제 계획한데로 새로운 버전을 발표 합니다. 그 이름은 듀얼 rsi입니다. 이 rsi는 지금 이 순간에 내가 보고 있는 타임프레임의 rsi와 4배 긴 시간의 타임프레임을 동시에 보여 줄수 있도록 합니다. 일일이 내가 수동적으로 타임프레임을 지정할 필요없이 그저 내가 원하는 시간대 차트를 열기만 하면 자동으로 시간대를 조정합니다. 매매를 할때 추세를 확인하는데 긴요하게 사용될 것으로 기대됩니다. 보완할 사항이 있거나 제 코드를 사용하시길 원하는 분들은 자유롭게 사용하셔도 좋습니다.
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illbecmo tarafından
Triple Relative Strength IndexMulti-timeframe RSI indicator. The RSI indicators provided by TradingView provide only one indicator, but they are completed as one indicator to enable simultaneous analysis of RSIs in different time zones. The RSI at the top is able to see larger movements than the current time zone, and the RSI at the bottom is able to see smaller time zone movements. Example of use) If the large time zone RSI sits at No. 50, it could enter a buy position if the current time zone or small time zone RSI supports at 30, or breaks above 30, with an uptrend movement. Future plan) 1. Improve indicators using RSI indicators based on volume 2. Improve to set automatically without manually specifying time zones We look forward to your comments and comments on this idea. ============================================================================== 멀티 타임프레임 RSI지표입니다. 트레이딩뷰에서 제공하는 RSI지표는 한개의 지표만 제공하지만, 다양한 시간대의 RSI를 동시에 분석할 수 있도록 하나의 지표로 완성하였습니다. 맨 위에 있는 RSI는 현재 시간대보다 큰 움직임을 확인할 수 있고, 맨 아래 RSI는 작은 시간대 움직임을 확인할 수 있습니다. 사용예시) 큰 시간대 RSI가 50위에 위치한 경우 상승추세 움직임으로 현재 시간대나 작은 시간대의 RSI가 30에서 지지하거나 30을 상향돌파할 경우 매수 포지션에 진입할 수 있습니다. 향후계획) 1. 거래량 기반 RSI지표를 활용한 지표 개선 2. 시간대를 수동으로 지정하지 않고 자동으로 설정되도록 개선 이 아이디어에 대한 여러분의 댓글과 의견을 기다리겠습니다.
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illbecmo tarafından
RSI BB StdDev SignalOverview The RSI BB StdDev Signal Indicator is a powerful tool designed to enhance your trading strategy by combining the Relative Strength Index (RSI) with Bollinger Bands (BB). This unique combination allows traders to identify potential buy and sell signals more accurately by leveraging the strengths of both indicators. The RSI helps in identifying overbought and oversold conditions, while the Bollinger Bands provide a dynamic range to assess volatility and potential price reversals. Key Features — RSI Calculation: The indicator calculates the RSI based on user-defined parameters, allowing for customization to fit different trading styles. — Bollinger Bands Integration: The RSI values are smoothed using a moving average, and Bollinger Bands are applied to this smoothed RSI to generate buy and sell signals. — Divergence Detection: The indicator includes an optional feature to detect and alert on bullish and bearish divergences between the RSI and price action. — Customizable Alerts: Users can set up alerts for buy and sell signals, as well as for divergences, ensuring they never miss a trading opportunity. — Visual Aids: The indicator plots the RSI, Bollinger Bands, and signals on the chart, making it easy to visualize and interpret the data. How It Works 1. RSI Calculation: — The RSI is calculated using the change in the source input (default is close price) over a specified period. — The RSI values are then plotted on the chart with customizable overbought and oversold levels. 2. Smoothing and Bollinger Bands: — The RSI values are smoothed using a moving average (SMA, EMA, SMMA, WMA, VWMA) selected by the user. — Bollinger Bands are applied to the smoothed RSI to create dynamic upper and lower bands. 3. Signal Generation: —Buy signals are generated when the RSI crosses above the lower Bollinger Band. —Sell signals are generated when the RSI crosses below the upper Bollinger Band. —These signals are plotted on both the RSI pane and the main price chart for easy reference. 4. Divergence Detection: — The indicator can detect and alert on regular bullish and bearish divergences between the RSI and price action. — Bullish divergences occur when the price makes a lower low, but the RSI makes a higher low. — Bearish divergences occur when the price makes a higher high, but the RSI makes a lower high. Usage 1. Setting Up: — Add the indicator to your TradingView chart. — Customize the RSI length, source, and other parameters in the settings panel. — Enable or disable the divergence detection based on your trading strategy. 2. Interpreting Signals: — Use the buy and sell signals generated by the RSI crossing the Bollinger Bands as potential entry and exit points. — Pay attention to divergences for additional confirmation of trend reversals. 3. Alerts: — Set up alerts for buy and sell signals to receive notifications in real-time. — Enable divergence alerts to be notified of potential trend reversals. Conclusion The RSI BB StdDev Signal Indicator is a comprehensive tool that combines the strengths of the RSI and Bollinger Bands to provide traders with more accurate and reliable signals. Whether you are a beginner or an experienced trader, this indicator can enhance your trading strategy by offering clear visual cues and customizable alerts. Note This indicator is provided with open-source code, allowing users to understand its logic and customize it further if needed. The detailed description and customizable settings ensure that traders of all levels can benefit from its unique features.
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trade_lexx tarafından