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Göreceli Güç Endeksi (RSI)

Trend Sniper RSI | JeffreyTimmermansThe Trend Sniper RSI is an advanced tool designed to help investors track momentum trends in the market. By combining the Relative Strength Index (RSI) with adjustable momentum thresholds, this indicator aids in spotting potential bullish or bearish market signals. Investors have the flexibility to modify settings such as the RSI period, positive and negative momentum levels, and visual display options, ensuring the tool aligns with their specific strategies. The indicator works by calculating the RSI and analyzing two distinct momentum conditions: positive and negative. For the positive condition, it evaluates the current RSI value, the previous RSI reading, and the upward change in the 5-period exponential moving average (EMA) of the closing price. The negative condition, on the other hand, checks the current RSI value and the downward change in the 5-period EMA. Once a momentum shift is detected, the Trend Sniper RSI visually marks the signal directly on the chart. Offering a streamlined approach to identify momentum trends, Trend Sniper RSI empowers investors with actionable insights, helping them make more informed decisions with customizable settings and clear visual signals. -Jeffrey
Pine Script™ indikatörü
JeffreyTimmermans tarafından
Nimu Market on DemandNimu Market On Demand is an innovative tool designed to provide a visual representation of market demand levels on a scale of 1 to 100. This scale is displayed at specific intervals , making it easy for users to understand market demand fluctuations in real time. To enhance analysis, Nimu Market On Demand also incorporates the Relative Strength Index (RSI) with key thresholds at . RSI is a widely-used technical indicator that measures market strength and momentum, offering insights into overbought (excessive buying) or oversold (excessive selling) conditions. The combination of the Demand graph and RSI enables users to: Identify the right time to buy when the RSI falls below 30, signaling an oversold condition. Determine the optimal time to sell when the RSI rises above 70, indicating an overbought condition. With an integrated visualization, users can effortlessly observe demand patterns and combine them with RSI signals to make smarter and more strategic trading decisions. This tool is designed to help traders and investors maximize opportunities in a dynamic market environment.
Pine Script™ indikatörü
jahjae tarafından
MomentumX Pro, RSI, Fibonacci, DivergencesThis Pine Script code provides a technical analysis indicator on the TradingView platform, incorporating features like divergences, support/resistance levels, pivot points, RSI values, and volume-based doji candles. The key functionalities include: RSI Divergences: Bullish Divergence: When the price forms lower lows but RSI forms higher lows, it indicates potential upward movement, marked with arrows on the chart. Bearish Divergence: When the price forms higher highs but RSI forms lower highs, it signals potential downward movement, also marked on the chart. Pivot Points: Detects and marks significant high (pivot high) and low (pivot low) levels that the price has reached. Automatic Fibonacci Levels: Automatically plots Fibonacci retracement levels based on the highest and lowest points in a given period. RSI Values and Labels: Generates buy/sell signals when RSI values exceed 80 or drop below 20. Displays RSI levels as labels on the price chart. Doji Candles and Volume Detection: Highlights high-volume doji candles based on body size and volume thresholds. Directional Movement and Alerts: Triggers alerts for upward or downward price movement based on directional signals. ** Türkçe Bu Pine Script kodu, TradingView platformunda uyumsuzluklar, destek/direnç seviyeleri, pivot noktaları, RSI değerleri ve hacimli doji mumlar gibi teknik analiz araçlarını kullanan bir indikatör sağlar. Kodun başlıca işlevleri şunlardır: RSI Uyumsuzlukları: Boğa Uyumsuzluğu (Bullish Divergence): Fiyat daha düşük dipler yaparken RSI daha yüksek dipler yapıyorsa, olası bir yükseliş işareti olarak grafik üzerinde oklar ile işaretlenir. Ayı Uyumsuzluğu (Bearish Divergence): Fiyat daha yüksek tepeler yaparken RSI daha düşük tepeler yapıyorsa, olası bir düşüş işareti olarak grafik üzerinde işaretlenir. Pivot Noktaları: Fiyatın geçtiği yüksek (pivot high) ve düşük (pivot low) noktalar belirlenir ve işaretlenir. Otomatik Fibonacci Seviyeleri: Belirli bir periyottaki en yüksek ve en düşük seviyelere dayalı olarak Fibonacci seviyeleri otomatik çizilir ve doldurulur. RSI Değerleri ve Etiketleri: RSI değerlerinin 80 üzeri veya 20 altına düştüğünde sinyal verilmesi gibi belirli eşiklerde al/sat sinyalleri üretilir. RSI seviyeleri mum grafiği üzerine etiket olarak eklenir. Doji Mumları ve Hacim Tespiti: Gövde büyüklüğüne ve hacim seviyelerine dayalı olarak yüksek hacimli doji mumlar işaretlenir. Hareket Yönü ve Alarm: Fiyat hareketi yukarı veya aşağı bir yönde sinyal verdiğinde alarm tetiklenir.
Pine Script™ indikatörü
Kadir-EMRE tarafından
RSI Trend Zone Oscillator//@version=6 // Copyright (C) 2024 . All Rights Reserved. // Unauthorized copying, sharing, or distribution of this code is prohibited. // This script is licensed for personal use only. Redistribution, modification, or resale is not permitted without explicit permission. - 🕒 **📊 RSI Trend Zone Oscillator — Script Overview 🚀** --- **🛡️ 1. Script Name:** **RSI Trend Zone Oscillator** --- **🎯 2. Purpose:** - This script enhances the **Relative Strength Index (RSI)** by visually highlighting **bullish** and **bearish trend zones**. - It helps traders identify **overbought** and **oversold conditions** more effectively while simplifying **trend analysis**. --- **⚙️ 3. How It Works:** - 📈 **Stepped RSI Line:** For better clarity and visualization. - 🟢 **Green Zones:** Indicate **bullish RSI trends**. - 🔴 **Red Zones:** Highlight **bearish zones**. --- **📝 4. How to Use:** - 🟢 Use **green zones** to spot potential **buying opportunities**. - 🔴 Use **red zones** to identify **selling** or **profit-booking points**. - 🔄 Pay attention to **crossovers** around **overbought (70)** and **oversold (30)** levels. --- **✨ 5. Unique Features:** ✅ **Clear trend zone coloring:** Green for bullish, Red for bearish. ✅ **Stepped RSI line:** Ensures precise visualization. --- **⚠️ 6. Limitations:** - ⚠️ Best used in combination with other **technical analysis tools**. - ⚠️ May produce **false signals** during highly **volatile market conditions**. --- **📚 7. User Guide:** - 🕒 Works seamlessly across multiple timeframes. - 📊 Combine with **MACD** and **Volume indicators** for improved accuracy. --- **📝 8. Disclaimer:** The script titled **"RSI Trend Zone Oscillator"** has been created in compliance with **TradingView House Rules** and **community guidelines**. - ✅ It is an **original work** and does not infringe on **intellectual property rights**. - ✅ The script does not contain **misleading, inappropriate, or harmful content**. - ✅ It adheres to **ethical coding standards** and includes **clear instructions** for users. - ✅ **Transparency** is maintained regarding the script's **purpose**, **functionality**, and **limitations**. ⚠️ While every effort has been made to ensure the script functions as intended, **ramumaurya** cannot guarantee **flawless performance** or **suitability for all trading strategies**. 🧠 **Users are advised to exercise due diligence and use the script at their discretion and risk.**
Pine Script™ indikatörü
ramumaurya tarafından
2
Sunil High-Frequency Strategy with Simple MACD & RSISunil High-Frequency Strategy with Simple MACD & RSI This high-frequency trading strategy uses a combination of MACD and RSI to identify quick market opportunities. By leveraging these indicators, combined with dynamic risk management using ATR, it aims to capture small but frequent price movements while ensuring tight control over risk. Key Features: Indicators Used: MACD (Moving Average Convergence Divergence): The strategy uses a shorter MACD configuration (Fast Length of 6 and Slow Length of 12) to capture quick price momentum shifts. A MACD crossover above the signal line triggers a buy signal, while a crossover below the signal line triggers a sell signal. RSI (Relative Strength Index): A shorter RSI length of 7 is used to gauge overbought and oversold market conditions. The strategy looks for RSI confirmation, with a long trade initiated when RSI is below the overbought level (70) and a short trade initiated when RSI is above the oversold level (30). Risk Management: Dynamic Stop Loss and Take Profit: The strategy uses ATR (Average True Range) to calculate dynamic stop loss and take profit levels based on market volatility. Stop Loss is set at 0.5x ATR to limit risk. Take Profit is set at 1.5x ATR to capture reasonable price moves. Trailing Stop: As the market moves in the strategy’s favor, the position is protected by a trailing stop set at 0.5x ATR, allowing the strategy to lock in profits as the price moves further. Entry & Exit Signals: Long Entry: Triggered when the MACD crosses above the signal line (bullish crossover) and RSI is below the overbought level (70). Short Entry: Triggered when the MACD crosses below the signal line (bearish crossover) and RSI is above the oversold level (30). Exit Conditions: The strategy exits long or short positions based on the stop loss, take profit, or trailing stop activation. Frequent Trades: This strategy is designed for high-frequency trading, with trade signals occurring frequently as the MACD and RSI indicators react quickly to price movements. It works best on lower timeframes such as 1-minute, 5-minute, or 15-minute charts, but can be adjusted for different timeframes based on the asset’s volatility. Customizable Parameters: MACD Settings: Adjust the Fast Length, Slow Length, and Signal Length to tune the MACD’s sensitivity. RSI Settings: Customize the RSI Length, Overbought, and Oversold levels to better match your trading style. ATR Settings: Modify the ATR Length and multipliers for Stop Loss, Take Profit, and Trailing Stop to optimize risk management according to market volatility. Important Notes: Market Conditions: This strategy is designed to capture smaller, quicker moves in trending markets. It may not perform well during choppy or sideways markets. Optimizing for Asset Volatility: Adjust the ATR multipliers based on the asset’s volatility to suit the risk-reward profile that fits your trading goals. Backtesting: It's recommended to backtest the strategy on different assets and timeframes to ensure optimal performance. Summary: The Sunil High-Frequency Strategy leverages a simple combination of MACD and RSI with dynamic risk management (using ATR) to trade small but frequent price movements. The strategy ensures tight stop losses and reasonable take profits, with trailing stops to lock in profits as the price moves in favor of the trade. It is ideal for scalping or intraday trading on lower timeframes, aiming for quick entries and exits with controlled risk.
Pine Script™ stratejisi
sunilsenapati tarafından
RSI+MFI VisualizerRSI+MFI Visualizer The RSI+MFI Visualizer is a simple yet effective indicator that combines price momentum and volume dynamics into one clear visual representation. It is designed to help traders quickly identify market trends, momentum shifts, and overbought/oversold conditions. Here’s a description tailored for publishing your RSI+MFI Visualizer script: RSI+MFI Visualizer The RSI+MFI Visualizer is a simple yet effective indicator that combines price momentum and volume dynamics into one clear visual representation. It is designed to help traders quickly identify market trends, momentum shifts, and overbought/oversold conditions. Key Features: RSI+MFI Calculation: This indicator blends the Relative Strength Index (RSI) and Money Flow Index (MFI), providing a unique perspective on price action and volume movement. Dynamic Visualization: -Green Line: Indicates positive RSI+MFI values, suggesting bullish momentum. -Red Line: Indicates negative RSI+MFI values, suggesting bearish momentum. Zero Line Reference: A dotted zero line makes it easy to distinguish between bullish and bearish market conditions. Customizable Parameters: Flexible input settings for RSI+MFI period and multiplier to suit different trading styles and timeframes. How to Use: Trend Identification: Use the green and red lines to gauge bullish or bearish momentum in the market. Reversal Signals: Look for crossovers of the zero line to spot potential trend reversals. Overbought/Oversold Zones: Pair this indicator with other tools like RSI or Stochastic for enhanced accuracy.
Pine Script™ indikatörü
kaheksaart tarafından
Scalping Strategy RSI & ADXThis Pine Script implements a scalping strategy that leverages the Relative Strength Index (RSI) and the Average Directional Index (ADX) to identify short-term trading opportunities. The strategy is designed for traders who aim to profit from quick price movements in highly volatile markets. Key Components: RSI (Relative Strength Index): RSI is used to identify overbought and oversold conditions in the market. If RSI is below the oversold level (default: 30), the script generates a buy signal. If RSI is above the overbought level (default: 70), the script generates a sell signal. ADX (Average Directional Index): ADX measures the strength of a trend. The script only triggers buy or sell signals when ADX is above a specified threshold (default: 25), ensuring trades occur only in strong trending markets. Combined Logic: A buy condition is met when RSI is below the oversold level and ADX indicates a strong trend. A sell condition is met when RSI is above the overbought level and ADX indicates a strong trend. Inputs: RSI Length: Period for RSI calculation (default: 14). RSI Overbought Level: Threshold for overbought conditions (default: 70). RSI Oversold Level: Threshold for oversold conditions (default: 30). ADX Length: Period for ADX calculation (default: 14). ADX Smoothing: Smoothing factor for ADX (default: 14). ADX Threshold: Minimum value for ADX to consider a trend strong (default: 25). Visual Signals: Green upward arrows indicate buy signals. Red downward arrows indicate sell signals. Strategy Execution: The script uses strategy.entry to open positions based on the defined conditions. It plots RSI and ADX values for additional visual confirmation. How to Use: Apply this script to your TradingView chart. Adjust the input parameters to suit your preferred market and timeframe. Backtest the strategy on historical data to assess its performance. Use in live markets with appropriate risk management measures. This strategy is ideal for traders who prefer a systematic and rule-based approach to scalping. However, always test and validate the strategy before using it with real funds.
Pine Script™ stratejisi
wasisadi tarafından
1
BTC Marktphasen + RSI + VWAP + TTP IndikatorBTC Marktphasen + RSI + VWAP + TTP Indikator Einleitung Dieser umfassende Indikator wurde entwickelt, um Tradern und Investoren ein detailliertes Bild der aktuellen Marktlage für Bitcoin (BTC) zu liefern. Der Indikator kombiniert mehrere wichtige Analysewerkzeuge, um die Marktphase (bullisch, bärisch oder seitwärts), den Relative Strength Index (RSI), den Volume-Weighted Average Price (VWAP) sowie die Trendstärke darzustellen. Mit diesem Indikator können Marktteilnehmer die aktuelle Dynamik und Stimmung des Bitcoin-Marktes besser einschätzen und fundierte Handelsentscheidungen treffen. Funktionsweise Marktphasen-Erkennung Der Kernfunktionalität des Indikators ist die automatische Erkennung der Marktphase anhand des 24-Stunden-Handelsvolumens in BTC. Dafür werden zwei Schwellenwerte definiert: Bull-Markt-Schwelle: Ab diesem Volumen wird der Markt als bullisch eingestuft. Seitwärts-Markt-Schwelle: Liegt das Volumen darüber, gilt der Markt als seitwärts. Darunter wird er als bärisch eingestuft. Der Indikator berechnet kontinuierlich das gleitende 24-Stunden-Volumen und vergleicht es mit diesen Schwellenwerten, um die aktuelle Marktphase zu bestimmen. Zusätzlich bietet der Indikator eine manuelle Überschreibungsfunktion an. Damit kann der Nutzer die automatische Markteinstufung manuell anpassen, falls er eine andere Einschätzung hat. Weitere Indikatoren Neben der Marktphasen-Erkennung visualisiert der Indikator auch folgende zusätzliche Kennzahlen: RSI (Relative Strength Index): Der RSI gibt Aufschluss über den Momentum-Zustand des Marktes. Dafür zeigt der Indikator einen dynamischen RSI-Korridor an, der sich an der aktuellen Volatilität (ATR) orientiert. VWAP (Volume-Weighted Average Price): Der VWAP stellt den volumengewichteten Durchschnittskurs dar und kann als Unterstützungs- oder Widerstandslinie interpretiert werden. Seitwärts-Erkennung: Anhand verschieder Kriterien wie Volatilität, Volumen und RSI-Verlauf erkennt der Indikator, ob sich der Markt in einer Seitwärtsphase befindet. Dies wird durch eine entsprechende Hintergrundfarbe visualisiert. Nutzung Um den Indikator zu verwenden, gehen Sie wie folgt vor: Fügen Sie den Indikator "BTC Marktphasen + RSI + VWAP + TTP Indikator" zu Ihrem Chart hinzu. Passen Sie die Eingabeparameter nach Bedarf an, z.B. die Schwellenwerte für die Marktphasen. Beobachten Sie die visuelle Darstellung der Marktphase, des RSI, des VWAP und der Seitwärtstendenz. Nutzen Sie die Informationen, um Ihre Handelsentscheidungen für den Bitcoin-Markt zu treffen. Fazit Dieser umfassende Indikator bietet Tradern und Investoren ein leistungsfähiges Tool, um die aktuelle Lage am Bitcoin-Markt umfassend zu analysieren. Die Kombination aus Marktphasen-Erkennung, Momentum-Indikatoren und Seitwärts-Analyse ermöglicht es, fundierte Entscheidungen für das eigene Handelsmanagement zu treffen.
Pine Script™ indikatörü
Ardal1988 tarafından
Sunil 3 Inside Up Down Strategy with Trailing SLStrategy Overview: The Sunil 3 Inside Up/Down Strategy with Trailing Stop Loss is a dynamic and adaptive trading strategy based on price action patterns, trend-following indicators, and volatility measures. It combines the analysis of Three Inside Up/Down candlestick patterns, the Simple Moving Average (SMA) trend filter, the Relative Strength Index (RSI), and Average True Range (ATR) for calculating stop-loss levels. The strategy's unique aspect is its Trailing Stop Loss mechanism, designed to lock in profits as the market moves in the trader's favor. Core Elements of the Strategy: Candlestick Patterns: Three Inside Up (Bullish Reversal Pattern): This pattern is used to signal potential upward price movement after a downtrend. Three Inside Down (Bearish Reversal Pattern): This pattern suggests potential downward price movement after an uptrend. These candlestick patterns play a pivotal role in triggering the strategy’s entries. They are considered reliable indicators of trend reversal or continuation when combined with other technical signals. Dynamic Support and Resistance: Support and Resistance Levels are crucial for determining key entry and exit points. In this strategy, dynamic levels are calculated based on a lookback period. Support is the lowest price observed over a specific lookback period, while Resistance is the highest price. These levels adjust automatically as the price action evolves, making them more adaptive to current market conditions. Support and resistance help define areas where price may reverse, and trades are entered near these levels for optimal risk-to-reward setups. Trend Filter: The strategy uses a 50-period Simple Moving Average (SMA) as a trend filter. The SMA helps identify the overall market trend: Long trades are triggered when the price is above the SMA (indicating an uptrend). Short trades are initiated when the price is below the SMA (indicating a downtrend). This trend filter ensures the strategy trades in alignment with the prevailing market trend. RSI (Relative Strength Index): The RSI is a momentum oscillator that measures the speed and change of price movements. The strategy uses it as a secondary filter: Long trades are considered when the RSI is not overbought (below 70), suggesting that the market has room for upward movement. Short trades are allowed when the RSI is not oversold (above 30), which indicates that the market might have the potential to move downward. The RSI condition helps avoid entering trades when the market is already too extended in one direction. Volatility-based Stop Loss (ATR): The Average True Range (ATR) is used to calculate dynamic stop-loss levels. The strategy adjusts stop-loss levels based on current market volatility: For long trades, the stop-loss is set below dynamic support by a factor of ATR. For short trades, the stop-loss is set above dynamic resistance by a factor of ATR. This approach ensures that stop-loss levels adapt to varying market conditions, providing a more flexible and appropriate risk management strategy. Trailing Stop Loss: As the market moves in favor of the trade, the Trailing Stop Loss mechanism automatically adjusts the stop level to lock in profits while allowing the trade to run. The trailing stop follows the price with a specified offset, maintaining a protective distance from the current price level. This feature is crucial for capturing gains during trends, as it helps the strategy trail the price as it moves in the trader’s favor, while minimizing the risk of reversing. Risk-to-Reward Ratio: The Risk-to-Reward Ratio is an important aspect of trade management. The strategy calculates the take-profit target based on a predefined risk-to-reward ratio. For example, with a 3:1 ratio, the take-profit target is set at three times the distance between the entry price and the stop-loss level. This ensures that the reward outweighs the potential risk on each trade, contributing to a favorable risk profile over time. Trading Window: The strategy operates only within a specified trading window. This allows traders to focus on active trading hours and avoid taking positions during low liquidity or non-volatile periods (such as overnight). The trading window can be customized to suit specific market hours, ensuring trades are executed only during the most favorable periods for the trader. Automated Alerts for Trading Automation: The strategy integrates with TradingView alerts, enabling users to automate trade entries and exits via webhooks or JSON-based messaging. These alerts can trigger actions in connected brokers or third-party automation tools, allowing for a fully automated trading setup. How It Works: Long Entry: The strategy identifies a Three Inside Up pattern, indicating a potential bullish reversal. The price is near dynamic support (within a specified tolerance), suggesting that the market is at a favorable level for entering a long trade. The price is above the 50-period SMA, confirming an uptrend. The RSI is not overbought, ensuring that the market has room to move higher. A long position is initiated with a take-profit target based on the Risk-to-Reward Ratio and a dynamic stop-loss calculated using ATR. Short Entry: The strategy identifies a Three Inside Down pattern, signaling a potential bearish reversal. The price is near dynamic resistance, indicating a favorable level for entering a short position. The price is below the 50-period SMA, confirming a downtrend. The RSI is not oversold, suggesting the market has room to decline further. A short position is initiated with a take-profit target and dynamic stop-loss. Trade Management: The take-profit and stop-loss levels are dynamically calculated based on ATR and the risk-to-reward ratio. As the trade moves in the trader’s favor, the trailing stop mechanism adjusts the stop-loss level to lock in profits. The strategy exits the trade when the take-profit or stop-loss level is hit, or the trailing stop is triggered. Time-Based Exit: If the price is outside the defined trading window, the strategy automatically closes all positions to avoid trading during off-hours, when volatility may be lower. Visualization and Alerts: The strategy visually marks important price levels, including dynamic support and resistance, and highlights the candles that form the Three Inside Up (blue) and Three Inside Down (yellow) patterns. Buy and Sell signals are marked with green and red labels on the chart, respectively, making it easy to see when the strategy initiates trades. Automated alerts are available for both long and short entries and exits, allowing users to automate their trading processes or receive real-time notifications. Benefits of the Strategy: Adaptive to Market Conditions: The dynamic nature of support/resistance levels and volatility-based stop-loss adjustments make the strategy highly adaptive to changing market conditions. Trend-Following with Reversal Confirmation: By combining candlestick patterns with trend-following tools like SMA, the strategy identifies strong trend reversals with the backing of market momentum. Risk Management: The use of ATR-based stop losses, a Risk-to-Reward Ratio for take-profit levels, and Trailing Stops provides a comprehensive risk management approach to ensure trades are well-managed. Customizable Timeframe: The trading window feature allows traders to focus on specific hours, optimizing their trading activity for times with better market conditions. Automation Potential: The integration with TradingView Alerts allows traders to automate their strategy execution or receive alerts to make manual adjustments, offering a more hands-off approach to trading. Conclusion: The Sunil 3 Inside Up/Down Strategy with Trailing Stop Loss is a comprehensive, adaptive strategy that combines classic price action patterns with modern risk management tools. Its use of dynamic support and resistance, ATR-based stop-losses, and Risk-to-Reward Ratio ensures a flexible and robust trading approach. The strategy’s Trailing Stop Loss feature allows traders to capture more significant trends while protecting profits, making it a reliable tool for traders looking to automate and optimize their trading experience.
Pine Script™ stratejisi
sunilsenapati tarafından
Wickiness IndexWickiness Index - Detect Indecision and Trend Exhaustion The Wickiness Index is a versatile technical indicator designed to measure the proportion of wicks (upper and lower shadows) relative to the total range of price bars over a specified lookback period. It provides insights into market indecision, reversals, and trend exhaustion by analyzing the structural composition of candlesticks. The indicator calculates the lengths of upper and lower wicks along with the body of each candlestick. Each bar's wick length is expressed as a percentage of the total range (High - Low). The ratio is scaled to 0–100, where 100 represents entirely wicks with no body (indicating pure indecision) and 0 represents no wicks with only body (indicating strong directional movement). These values are then averaged over the lookback period (default = 5 bars) to provide a smoothed representation of wickiness, reducing noise and highlighting trends. A high value, especially above 70, suggests indecision or potential reversals, as candlesticks dominated by wicks often appear near tops or bottoms. Conversely, low values below 30 indicate trend strength and strong momentum, useful for spotting breakouts and trend continuation. Mid-range values between 30 and 70 often indicate consolidation phases or gradual transitions between trends. Traders can adjust the lookback period to match their trading style, with shorter periods offering faster responses and longer periods providing smoother trends. This indicator is particularly useful for trend reversal detection, breakout confirmation, and volatility filtering. It scales effectively across all timeframes, making it suitable for both intraday traders and long-term investors. When combined with volume analysis or trend-following indicators, the Wickiness Index can further strengthen trade signals. The visual design includes a blue line for the index and horizontal reference lines at 30 and 70, allowing for quick and intuitive interpretation. The Wickiness Index offers a unique perspective on market sentiment and price action behavior, providing traders with valuable insights into potential turning points, momentum shifts, and market indecision. It is a powerful tool for improving decision-making in volatile markets and identifying areas where price trends may weaken or reverse.
Pine Script™ indikatörü
edb454 tarafından
Sunil 3 Inside Up Down Strategy Different Bar ExitStrategy Name: Sunil 3 Inside Up Down Strategy with Different Bar Exit Overview: This strategy aims to capitalize on market movements by leveraging candlestick pattern recognition, dynamic support and resistance levels, and multiple technical indicators. It incorporates both trend-following and reversal mechanisms to determine optimal entry and exit points. Key Features: Candlestick Patterns: The strategy identifies two primary candlestick patterns: Three Inside Up (Bullish Reversal) Three Inside Down (Bearish Reversal) These patterns act as the key signals for entering long and short trades, respectively. Dynamic Support and Resistance: Support and resistance levels are calculated dynamically based on a user-defined lookback period. These levels adapt to changing market conditions, offering key reference points for trade entries and exits. Trend Filter (SMA): A Simple Moving Average (SMA) is used to determine the market's general trend. The strategy enters long trades when the price is above the SMA and short trades when the price is below it. RSI Filter: The Relative Strength Index (RSI) is employed to filter out trades in overbought or oversold conditions. This helps avoid entering trades when the market may be overextended. Risk/Reward Management: The strategy utilizes an adjustable Risk/Reward Ratio to calculate potential take-profit levels. It dynamically adjusts stop-loss and take-profit levels using the Average True Range (ATR), considering market volatility. A Trailing Stop is applied to lock in profits when the price moves favorably. Automated Trade Alerts: The strategy integrates automated trading functionality via TradingView alerts. Users can set up custom alerts for entering and exiting positions with JSON webhook messages for integration with external trading systems. Trade Direction: The strategy allows flexibility in its trade direction. It can be set to trade long-only, short-only, or both long and short, providing users with a range of options depending on their market outlook. Position Tracking: The strategy tracks long and short positions and ensures that exits occur only when the market has moved favorably. It avoids triggering exits on the same bar as the entry, and resets position tracking only after the bar closes. Risk Management: Stop-loss levels are based on the dynamic support and resistance levels and adjusted by a multiple of ATR. A trailing stop mechanism is employed once a trade has moved in the desired direction, allowing the strategy to capture profits while reducing risk as the market moves. User Inputs: Risk/Reward Ratio: Adjustable to fine-tune profit targets. ATR Length and Multiplier: Customize the ATR used for stop-loss and take-profit calculations. RSI Length: Adjust the RSI period to better match the asset's behavior. Trade Direction: Configure whether the strategy should take long, short, or both types of positions. Alert Messaging: Custom JSON messages are available for both long and short entries and exits, facilitating automated trading with brokers or external platforms via TradingView’s webhook feature. This strategy is designed to take advantage of both trend-following and reversal opportunities in the market, using a combination of price action and technical indicators. The flexibility of the strategy allows for various trade setups and custom risk management, making it suitable for different market conditions.
Pine Script™ stratejisi
sunilsenapati tarafından
EMA RSI Trend Reversal Ver.1Overview: The EMA RSI Trend Reversal indicator combines the power of two well-known technical indicators—Exponential Moving Averages (EMAs) and the Relative Strength Index (RSI)—to identify potential trend reversal points in the market. The strategy looks for key crossovers between the fast and slow EMAs, and uses the RSI to confirm the strength of the trend. This combination helps to avoid false signals during sideways market conditions. How It Works: Buy Signal: The Fast EMA (9) crosses above the Slow EMA (21), indicating a potential shift from a downtrend to an uptrend. The RSI is above 50, confirming strong bullish momentum. Visual Signal: A green arrow below the price bar and a Buy label are plotted on the chart. Sell Signal: The Fast EMA (9) crosses below the Slow EMA (21), indicating a potential shift from an uptrend to a downtrend. The RSI is below 50, confirming weak or bearish momentum. Visual Signal: A red arrow above the price bar and a Sell label are plotted on the chart. Key Features: EMA Crossovers: The Fast EMA crossing above the Slow EMA signals potential buying opportunities, while the Fast EMA crossing below the Slow EMA signals potential selling opportunities. RSI Confirmation: The RSI helps confirm trend strength—values above 50 indicate bullish momentum, while values below 50 indicate bearish momentum. Visual Cues: The strategy uses green arrows and red arrows along with Buy and Sell labels for clear visual signals of when to enter or exit trades. Signal Interpretation: Green Arrow / Buy Label: The Fast EMA (9) has crossed above the Slow EMA (21), and the RSI is above 50. This is a signal to buy or enter a long position. Red Arrow / Sell Label: The Fast EMA (9) has crossed below the Slow EMA (21), and the RSI is below 50. This is a signal to sell or exit the long position. Strategy Settings: Fast EMA Length: Set to 9 (this determines how sensitive the fast EMA is to recent price movements). Slow EMA Length: Set to 21 (this smooths out price movements to identify the broader trend). RSI Length: Set to 14 (default setting to track momentum strength). RSI Level: Set to 50 (used to confirm the strength of the trend—above 50 for buy signals, below 50 for sell signals). Risk Management (Optional): Use take profit and stop loss based on your preferred risk-to-reward ratio. For example, you can set a 2:1 risk-to-reward ratio (2x take profit for every 1x stop loss). Backtesting and Optimization: Backtest the strategy on TradingView by opening the Strategy Tester tab. This will allow you to see how the strategy would have performed on historical data. Optimization: Adjust the EMA lengths, RSI period, and risk-to-reward settings based on your asset and time frame. Limitations: False Signals in Sideways Markets: Like any trend-following strategy, this indicator may generate false signals during periods of low volatility or sideways movement. Not Suitable for All Market Conditions: This indicator performs best in trending markets. It may underperform in choppy or range-bound markets. Strategy Example: XRP/USD Example: If you're trading XRP/USD and the Fast EMA (9) crosses above the Slow EMA (21), while the RSI is above 50, the indicator will signal a Buy. Conversely, if the Fast EMA (9) crosses below the Slow EMA (21), and the RSI is below 50, the indicator will signal a Sell. Bitcoin (BTC/USD): On the BTC/USD chart, when the indicator shows a green arrow and a Buy label, it’s signaling a potential long entry. Similarly, a red arrow and Sell label indicate a short entry or exit from a previous long position. Summary: The EMA RSI Trend Reversal Indicator helps traders identify potential trend reversals with clear buy and sell signals based on the EMA crossovers and RSI confirmations. By using green arrows and red arrows, along with Buy and Sell labels, this strategy offers easy-to-understand visual signals for entering and exiting trades. Combine this with effective risk management and backtesting to optimize your trading performance.
Pine Script™ stratejisi
SilverStar_Trading tarafından
Uptrick: Smart BoundariesThis script is an indicator that combines the RSI (Relative Strength Index) and Bollinger Bands to highlight potential points where price momentum and volatility may both be at extreme levels. Below is a detailed explanation of its components, how it calculates signals, and why these two indicators have been merged into one tool. This script is intended solely for educational purposes and for traders who want to explore the combined use of momentum and volatility measures. Please remember that no single indicator guarantees profitable results. Purpose of This Script This script is designed to serve as a concise, all-in-one tool for traders seeking to track both momentum and volatility extremes in real time. By overlaying RSI signals with Bollinger Band boundaries, it helps users quickly identify points on a chart where price movement may be highly stretched. The goal is to offer a clearer snapshot of potential overbought or oversold conditions without requiring two separate indicators. Additionally, its optional pyramiding feature enables users to manage how many times they initiate trades when signals repeat in the same direction. Through these combined functions, the script aims to streamline technical analysis by consolidating two popular measures—momentum via RSI and volatility via Bollinger Bands—into a single, manageable interface. 1. Why Combine RSI and Bollinger Bands • RSI (Relative Strength Index): This is a momentum oscillator that measures the speed and magnitude of recent price changes. It typically ranges between 0 and 100. Traders often watch for RSI crossing into “overbought” or “oversold” levels because it may indicate a potential shift in momentum. • Bollinger Bands: These bands are plotted around a moving average, using a standard deviation multiplier to create an upper and lower boundary. They help illustrate how volatile the price has been relative to its recent average. When price moves outside these boundaries, some traders see it as a sign the price may be overstretched and could revert closer to the average. Combining these two can be useful because it blends two different perspectives on market movement. RSI attempts to identify momentum extremes, while Bollinger Bands track volatility extremes. By looking for moments when both conditions agree, the script tries to highlight points where price might be unusually stretched in terms of both momentum and volatility. 2. How Signals Are Generated • Buy Condition: - RSI dips below a specified “oversold” level (for example, 30 by default). - Price closes below the lower Bollinger Band. When these occur together, the script draws a label indicating a potential bullish opportunity. The underlying reasoning is that momentum (RSI) suggests a stronger-than-usual sell-off, and price is also stretched below the lower Bollinger Band. • Sell Condition: - RSI rises above a specified “overbought” level (for example, 70 by default). - Price closes above the upper Bollinger Band. When these occur together, a label is plotted for a potential bearish opportunity. The rationale is that momentum (RSI) may be overheated, and the price is trading outside the top of its volatility range. 3. Pyramiding Logic and Trade Count Management • Pyramiding refers to taking multiple positions in the same direction when signals keep firing. While some traders prefer just one position per signal, others like to scale into a trade if the market keeps pushing in their favor. • This script uses variables that keep track of how many recent buy or sell signals have fired. If the count reaches a user-defined maximum, no more signals of that type will trigger additional labels. This protects traders from over-committing to one direction if the market conditions remain “extreme” for a prolonged period. • If you disable the pyramiding feature, the script will only plot one label per side until the condition resets (i.e., until RSI and price conditions are no longer met). 4. Labels and Visual Feedback • Whenever a buy or sell condition appears, the script plots a label directly on the chart: - Buy labels under the price bar. - Sell labels above the price bar. These labels make it easier to review where both RSI and Bollinger Band conditions align. It can be helpful for visually scanning the chart to see if the signals show any patterns related to market reversals or trend continuations. • The Bollinger Bands themselves are plotted so traders can see when the price is approaching or exceeding the upper or lower band. Watching the RSI and Bollinger Band plots simultaneously can give traders more context for each signal. 5. Originality and Usefulness This script provides a distinct approach by merging two well-established concepts—RSI and Bollinger Bands—within a single framework, complemented by optional pyramiding controls. Rather than using each indicator separately, it attempts to uncover moments when momentum signals from RSI align with volatility extremes highlighted by Bollinger Bands. This combined perspective can aid in spotting areas of possible overextension in price. Additionally, the built-in pyramiding mechanism offers a method to manage multiple signals in the same direction, allowing users to adjust how aggressively they scale into trades. By integrating these elements together, the script aims to deliver a tool that caters to diverse trading styles while remaining straightforward to configure and interpret. 6. How to Use the Indicator • Configure the Inputs: - RSI Length (the lookback period used for the RSI calculation). - RSI Overbought and Oversold Levels. - Bollinger Bands Length and Multiplier (defines the moving average period and the degree of deviation). - Option to reduce pyramiding. • Set Alerts (Optional): - You can create TradingView alerts for when these conditions occur, so you do not have to monitor the chart constantly. Choose the buy or sell alert conditions in your alert settings. • Integration in a Trading Plan: - This script alone is not a complete trading system. Consider combining it with other forms of analysis, such as support and resistance, volume profiles, or candlestick patterns. Thorough research, testing on historical data, and risk management are always recommended. 7. No Performance Guarantees • This script does not promise any specific trading results. It is crucial to remember that no single indicator can accurately predict future market movements all the time. The script simply tries to highlight moments when two well-known indicators both point to an extreme condition. • Actual trading decisions should factor in a range of market information, including personal risk tolerance and broader market conditions. 8. Purpose and Limitations • Purpose: - Provide a combined view of momentum (RSI) and volatility (Bollinger Bands) in a single script. - Assist in spotting times when price may be at an extreme. - Offer a configurable system for labeling potential buy or sell points based on these extremes. • Limitations: - Overbought and oversold conditions can persist for an extended period in trending markets. - Bollinger Band breakouts do not always result in immediate reversals. Sometimes price keeps moving in the same direction. - The script does not include a built-in exit strategy or risk management rules. Traders must handle these themselves. Additional Disclosures This script is published open-source and does not rely on any external or private libraries. It does not use lookahead methods or repaint signals; all calculations are performed on the current bar without referencing future data. Furthermore, the script is designed for standard candlestick or bar charts rather than non-standard chart types (e.g., Heikin Ashi, Renko). Traders should keep in mind that while the script can help locate potential momentum and volatility extremes, it does not include an exit strategy or account for factors like slippage or commission. All code comes from built-in Pine Script functions and standard formulas for RSI and Bollinger Bands. Anyone reviewing or modifying this script should exercise caution and incorporate proper risk management when applying it to their own trading. Calculation Details The script computes RSI by examining a user-defined number of prior bars (the RSI Length) and determining the average of up-moves relative to the average of down-moves over that period. This ratio is then scaled to a 0–100 range, so lower values typically indicate stronger downward momentum, while higher values suggest stronger upward momentum. In parallel, Bollinger Bands are generated by first calculating a simple moving average (SMA) of the closing price for the user-specified length. The script then measures the standard deviation of closing prices over the same period and multiplies it by the chosen factor (the Bollinger Bands Multiplier) to form the upper and lower boundaries around the SMA. These two measures are checked in tandem: if the RSI dips below a certain oversold threshold and price trades below the lower Bollinger Band, a condition is met that may imply a strong short-term sell-off; similarly, if the RSI surpasses the overbought threshold and price rises above the upper Band, it may indicate an overextended move to the upside. The pyramiding counters track how many of these signals occur in sequence, preventing excessive stacking of labels on the chart if conditions remain extreme for multiple bars. Conclusion This indicator aims to provide a more complete view of potential market extremes by overlaying the RSI’s momentum readings on top of Bollinger Band volatility signals. By doing so, it attempts to help traders see when both indicators suggest that the market might be oversold or overbought. The optional reduced pyramiding logic further refines how many signals appear, giving users the choice of a single entry or multiple scaling entries. It does not claim any guaranteed success or predictive power, but rather serves as a tool for those wanting to explore this combined approach. Always be cautious and consider multiple factors before placing any trades.
Pine Script™ indikatörü
Uptrick tarafından
1
Multi-Feature IndicatorThe Multi-Feature Indicator combines three popular technical analysis tools — RSI, Moving Averages (MA), and MACD — into a single indicator to provide unified buy and sell signals. This script is designed for traders who want to filter out noise and focus on signals confirmed by multiple criteria. Features: RSI (Relative Strength Index): Measures momentum and identifies overbought (70) and oversold (30) conditions. A signal is triggered when RSI crosses these thresholds. Moving Averages (MA): Uses a short-term moving average (default: 9 periods) and a long-term moving average (default: 21 periods). Buy signals occur when the short-term MA crosses above the long-term MA, indicating an uptrend. Sell signals occur when the short-term MA crosses below the long-term MA, indicating a downtrend. MACD (Moving Average Convergence Divergence): A trend-following momentum indicator that shows the relationship between two moving averages of an asset's price. Signals are based on the crossover of the MACD line and its signal line. Unified Buy and Sell Signals: Buy Signal: Triggered when: RSI crosses above 30 (leaving oversold territory). Short-term MA crosses above the long-term MA. MACD line crosses above the signal line. Sell Signal: Triggered when: RSI crosses below 70 (leaving overbought territory). Short-term MA crosses below the long-term MA. MACD line crosses below the signal line. Visualization: The indicator plots the short-term and long-term moving averages on the price chart. Green "BUY" labels appear below price bars when all buy conditions are met. Red "SELL" labels appear above price bars when all sell conditions are met. Parameters: RSI Length: Default is 14. This controls the sensitivity of the RSI. Short MA Length: Default is 9. This determines the short-term trend. Long MA Length: Default is 21. This determines the long-term trend. Use Case: The Multi-Feature Indicator is ideal for traders seeking higher confirmation before entering or exiting trades. By combining momentum (RSI), trend (MA), and momentum shifts (MACD), it reduces false signals and enhances decision-making. How to Use: Apply the indicator to your chart in TradingView. Look for "BUY" or "SELL" signals, which appear when all conditions align. Use this tool in conjunction with other analysis techniques for best results. Note: The default settings are suitable for many assets, but you may need to adjust them for different timeframes or market conditions. This indicator is meant to assist in trading decisions and should not be used as the sole basis for trading.
Pine Script™ indikatörü
filbek tarafından
Christmas RSI with Jingle Bell [TrendX_]Jingle Bell 🔔, Jingle Bell 🔔, Jingle all the chart 📈 Merry Christmas Tradingview Community !!! Introducing the Jingle Bell Indicator, a festive Pine Script creation designed to spread joy and luck to your trading endeavors. The Bow will change colors based on the reaction of RSI with the 50 level. Add a Jingle Bell drawing to your charts and celebrate the most wonderful time of the year. Turn on alert for today to get my Merry Christmas wish. This indicator is my gift to the Tradingview community, designed to bring a touch of luck to your trades. Hope this Jingle Bell will bring some joy and festive vibes to your trading experience.
Pine Script™ indikatörü
TrendX_ 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.
Pine Script™ indikatörü
lordoflolz tarafından