OPAL - Sense→ Hi everyone, very proud to publish my unique leading oscillator ! ←
Sense is a "leading indicator" : it shows what can happen in the future, meanwhile a lagging indicator like MAs shows past sentiment.
Sense diverging with Price ? Care at the reversal !
It can be a great tool to upgrade your timings, after a divergence for example, to snipe reversals or to find Trend entries.
This tool is used for sniping in our levels trading setup (in our trading community)
Sense is made of everything you know about common indicators :
RSI/STOCH/STOCHRSI/MFI/RVSI/PZO/VZO/MOMENTUM/VOLUMES/UO
>>> Basically shows situations where almost all the known indicators reach interesting points in Overbought and Oversold zones
Signals provided :
*Visible and Hidden Minor OB/OS Crosses (Small Arrows)
*Visible and Hidden Major OB/OS Crosses (Bigger Arrows)
*Visible and Hidden Major and Minor Confluence in OB/OS Zones (Rockets/Blood)
*Background Smart Coloring when price reaches OB/OS Zones :
- blue/purple = entering OB/OS Zones
- green/red = extrem multiple OB/OS situation
*Coloration of Middle Line based on std Price Deviation
*Smart Divergences spotting : applied level filter to get divergences that reached OB/OS Zones at least once.
Divergences are scanned twice for confirmation<
*Full alerting system on :
- Full signals = blood and rockets
- Half signals = bigger arrows
- Minor signals = small arrows
- Dual Divergences = on both oscillators (slow & fast)
1) What is the curve i see on Sense ? => It is my homemade oscillator, described above
2) What are thoses Zones around the curve ? => Overbought/Oversold Zones
3) What are those dots on the curve ? => When the oscillator crosses its Triggerline
4) What are those little arrows ? => Printing minor Overbought/Oversold situations
5) What are those bigger arrows ? => Printing major Overbought/Oversold situations
6) What are those Blood dots/ Rockets ? => Printing Confluence situations in Overbought/Oversold Zones
7) Why is background coloring ? => I applied smart coloration based on oscillators location (see above coloration meaning)
8) What are those lines between curve spikes ? => Situations when Price and oscillator are doing different moves, basically divergences, meaning a correction can happen sooner or later
Should be strong on almost every timeframe !
Always backtest, watch, then use or not in your trading strategy.
If you like my work, leave a like :)
Hoping you success !
Göreceli Güç Endeksi (RSI)
RSI BGCOLOR indicatorHi
This is a standard RSI indicator.
It changes the background color to green if the RSI reading is greater than the RSI bullish value and it changes to red if the RSI is below the RSI bearish value.
It will turn black for values between RSI bullish value and RSI bearish value.
You can tweak it to your liking, for example if you'd like to detect long only trades that are above 30 then you set RSI bearish value to 0 and RSI bullish value to 30 and it will only get long signals.
P.S More confirmation indicators will be necessary
RSI5+RSI9+RSI14 EMA [MTF - Multi Time Frame] Zero54This indicator has a fast RSI (RSI 5). Slower RSI (RSI 9) and a smoothened RSI14 EMA. When both RSI5 and RSI9 are above the RSI14 EMA, then the trend is bullish. When both RSI5 and RSI9 are below the RSI14 EMA, then the trend is bearish. This indicator also shows you the trend in upto 6 time frames! This MTF analysis gives you the conviction to take or skip the trade. Inspired by the concept taught by @AsitPati
The numbers you see in the MTF grid is the RS14 EMA for the respective time frame.
Hope you find this useful. Comments and feedback welcome. Like this if you find this useful.
NSE:HINDUNILVR
QQE MOD , RSI , VOLUME so this strategy includes 3 indicators
the 1st one is Q Q E mode on default sittings
the 2nd one is R S I with the following settings
R S I length from 14 to 40
and M A length from 14 to 150
the 3rd one is volume flow indicator with the following settings
max vol cutoff from 2.5 to 0.5
and signal length from 5 to 20
in long condition
for a long signal to be valid
we need to have a new blue histogram appeared on our q q e mode and the R S I purple line is above yellow moving average and finally the green line of the volume indicator is
above the orange line and both have to be above zero level
and once we have all these conditions fulfilled we can go ahead and take a long position
our stoploss must be under the recent lower low
and the risk to reward ratio will be 1.5
and lets see what happened to our trade
as we can see it hit the target
for a short signal to be valid
we need to have a new red histogram appeared on our q q e mode and the R S I purple line is below yellow moving average and finally the green line of the volume indicator is
below the orang line and both have to be below zero level
and once we have all these conditions fulfilled we can go ahead and take a short position .
our stoploss must be above the recent higher high
and the risk to reward ratio will be 1.5
Buy and Sell Signal Based on Rsi Indicatior and Price ActionThis Script will tell you when to buy and when to sell based on RSI Divergence and Price Movement. The Indicator here will show buy signal when the momentum of selling decrease and the price is going higher high... and It will produce sell signal when the momentum of buying is weak and the price is going lower low.... In the Next script I will publish the same script with the strategy which will check the profitability of this indicator
Vix FIX / Stochastic Weights StrategyThis script is based off of Chris Moody's Vix Fix Indicator modified by OskarGallard and BigBitsIO's Stochastic Weights.
This script is a compilation of several different stochastic indicators (and RSI ) where the K value of each indicator is equally weighted. The purpose of the indicator is to combine many indicators together in a fashion that weights them easier. By default, the Stochastic and Stochastic RSI are both enabled - the idea is to speed up the relatively slower Stochastic and to slow down the relatively fast Stochastic RSI . BigBitsIO's Stochastics are also available that can also be added to the weighted calculation. Only the K value is weighted, as the D value is just a moving average of the weighted K.
- Why is this modifed stochastic useful?
- To weight multiple indicators together so that you can attempt to find optimal values shared amongst the indicators. Ex: If Stochastic RSI is 100 and Stochastic is 50, K would be 75 and not particularly high. If you add in a 50 RSI , the K would be 67 in this example. If we weight indicators together that all have a high value they could potentially help find elements that align together to produce a stronger signal.
In this script we have the red "S" triangles which are Exits (overbought stochastic crosses).
Added alerts for stochastic exit signals. Alerts are Pre-Set to only Alert on Bar Close.
The "Williams Vix Fix" is one of the most reliable indicators in history for finding market bottoms. The Vix Fix is simply a code from Larry Williams creating almost identical results for creating the same ability the Vix has to all assets.
The VIX has always been much better at signaling bottoms than tops. Simple reason is when market falls retail traders panic and increase volatility , and professionals come in and capitalize on the situation. At market tops there is no one panicking... just liquidity drying up.
The FE green triangles are "Filtered Entries".
The AE green triangles are "Aggressive Filtered Entries".
Added Alerts to Williams Vix Fix (Aggressive Entry and Filtered Entry). Alerts are Pre-Set to only Alert on Bar Close.
Added "Ehlrers StochCCI" indicator of user @glaz
The Ehlrers StochCCI is a variation of Ehlers Stochastic RSI replaced with CCI.
The John Ehlers' article in August, 2006, "Modeling The Market = Building Trading Strategies," describes a process for extracting trend and cyclic elements from market data, then recombining them for trading purposes. He used the Stochastic RSI denoted the cyclic elements.
Added ability to show Dots when StochCCI Crosses.
Sell: fuchsia dots.
Buy: green dots.
Added alerts for (Buy / Sell) StochCCI. Alerts are Pre-Set to only Alert on Bar Close.
DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto. DYOR, TYOB.
[_ParkF]MDRPThis indicator indicates that 'Momentum Discrepancy Reversal Point' = 'MDRP'.
Mixing and modifying several general indicators to find support and resistance
It is created to predict the change point of the trend by overlaying it on the chart.
The 4 support and resistance lines are drawn live, and the changed support and resistance lines are
It erases the line and overlays it again with a new line.
For each support and resistance , you can modify the color or line thickness, number of expressions, etc. in the input menu.
1. _____RSI-SR
Based on Wilder's RSI formula, overbought and oversold
Changes are detected and overlaid on the chart in the form of 2 resistances and 2 supports.
2. _____STOCHRSI-SR
Using the general stochastic and Wilder's RSI calculations,
Detect changes in overbought and oversold areas
It overlays the chart in the form of 1 resistance and 1 support.
3. _____PV-SR
Pivot-based support and resistance will be overlaid on the chart,
By default, 10 pivot lines are drawn, but by modifying the count in the input menu,
You can modify the number of overlays.
4. _____FVG
'Fair value gaps' refers to gaps within consecutive candles.
This section is overlaid in the form of a box,
The default is to draw 10 FVG boxes, but set count in the input menu.
You can modify the number of overlays by editing.
5. _____ZIGZAG
This is to find MDRP by overlaying the low and high prices of the current trend on the chart.
ZIGZAG labels near supports and resistances of 1, 2, 3 and 4 can increase the reliability of the MDRP.
The default value of live in the input menu is true, but if it is false, the closing price is checked and drawn.
Reduce false signals.
6. _____ICHIMOKU
The 5 lines of ICHIMOKU were overlaid with the default values of 9, 26, 52, 26,
Lines other than LeadLine A and B that are overlaid on the chart are overlaid on the chart only as much as the period value of each line.
* The _____FVG indicator cited the source of 'makuchaku'.
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이 지표는 'Momentum Discrepancy Reversal Point' = 'MDRP'를
찾기 위해 여러개의 일반적 지표들을 혼합, 수정하여 지지와 저항의 형태로
차트에 overlay 시켜 트렌드의 변화 지점을 예측 하기 위해 만들어졌습니다.
4개의 지지와 저항선은 실시간으로 그려지게 되며, 변화된 지지와 저항은 기존의
선을 지우고 새로운 선으로 다시 표시 됩니다.
각 지지와 저항은 input 메뉴에서 색 또는 선의 두께, 표현할 개수 등을 수정할 수 있습니다.
1. _____RSI-SR
Wilder's RSI 계산식을 기반으로 과매수, 과매도 영역에서의
변화를 감지하여 2개의 저항과 2개의 지지의 형태로 차트에 표시 됩니다.
2. _____STOCHRSI-SR
일반적 스토캐스틱과 Wilder's RSI의 계산식을 이용하여
과매수, 과매도 영역에서의 변화를 감지하여
1개의 저항과 1개의 지지의 형태로 차트에 표시됩니다.
3. _____PV-SR
Pivot을 기반으로 한 지지와 저항을 차트에 표시 하게 되며,
기본값은 10개의 Pivot선이 그려지게 되지만 input 메뉴에서 count를 수정하여
표시할 개수를 수정할 수 있습니다.
4. _____FVG
'Fair value gaps'는 연속된 캔들 안에서의 갭 구간을 말합니다.
이 구간을 박스의 형태로 표시한 것이며,
기본값은 10개의 FVG 박스가 그려지게 되지만 input 메뉴에서 count를
수정하여 표시할 개수를 수정할 수 있습니다.
5. _____ZIGZAG
현재 트렌드의 저가와 고가를 차트에 표시하여 MDRP를 찾기 위한 것으로
1, 2, 3, 4의 지지와 저항 부근에서의 ZIGZAG 라벨은 MDRP의 신뢰도를 높혀줄 수 있습니다.
input 메뉴에서의 live 기본값은 체크되어 있지만 체크를 해제하면 종가를 확인하고 그려지기에
거짓 신호를 줄일 수 있습니다.
6. _____ICHIMOKU
ICHIMOKU의 5개의 선은 기본값인 9, 26, 52, 26으로 표시하였으며,
차트에 표시되는 선행스팬 1과 2를 제외한 전환선, 기준선, 후행스팬은 각 선의 기간값만큼만 차트에 표시 되게 하였습니다.
Z-Score DeltaHeavily modified from Z Score by jwammo12
Compares the z-score of two assets, the onscreen one and the reference one configured. If you're familiar, you can think of it as Bollinger Band Percent of Onscreen Asset minus the Bollinger Band Percent of Reference Asset.
It's compared off a simple moving average, due to how standard deviation is calculated.
I view this a more literal meaning of relative strength.
Has the ability to offset or delay in time one to another.
TODO: add MAD and MAD/STD.DEV views
Not my greatest work, but it's functional.
RSI Cor Bias [Moto]Hello traders,
This is a pretty simple script. It gives a background directional bias color respective to RSI levels from input thresholds in the settings. Users can choose the upper and lower thresholds and the symbol that the RSI is from.
For example, by default, the upper threshold is 52 and the lower 48. If Bitcoins RSi is above 52, the background color will be green, below 48 it's pink, between and no color will be applied.
Generally, buying should be occurring in pink to green transition or in green, and conversely selling should be occurring in green to pink transition or in pink.
Thanks,
Moto
BB-RSI-ADX Entry PointsThis is a combination of indicators used to find oversold and overbought entry points for possible reversion.
A Green arrow will appear when all condition are met for an ENTER LONG position.
A Red arow will appear when all condition are met for an ENTER SHORT position.
You can modify all of these condition parameters from the indicator's settings.
How does the indicator work
The signals are using Bollinger Bands , BB %B , RSI and ADX indicators to try and find points of reversal
Enter LONG Conditions
Current candle low is below BB lower band.
The BB %B is more than 0.
RSI > 30
ADX > 25
Enter SHORT Conditions
Current candle high is above BB upper band.
The BB %B is less than 1.
RSI < 70
ADX > 25
Those are the default settings that seem to work for me but you can customize all of these from the indicator settings.
I find this strategy to best work on a 3 minute timeframe
Note: The bb %B is calculated for stDev - 1. This will help you see a change happening faster.
LOKEN (v4) BULLISH SMART MONEYThis indicator is based on Smart Money MCDX
(Pine editor @v4)
Indicator built for cryptocurrencies.
Best for day trading.
The coin seems overbought but still pump? Check this indicator
This indicator help you see when institutional buyer enter/exit trade and is a good combination with RSI + Stochastic RSI .
This indicator focus on buying activity by big players and is built for LONG or SPOT, shorter can still use it to determine when to exit short (if smart money appear on a significant TF you may not enter/stay in a short).
Banker plot show strong buyer activities (appear generally when RSI already overbought but still increasing).
It appear as a Histogram with a color code to better see the fading strength of the institutional activity :
Light Blue Bar = Institutional presence ( bullish )
Green Bar = Pump candle (very bullish ), (Banker > Banker MA)
Orange Bar = Retest candle = natural decline after a growth (Banker < Banker MA)
Black Bar = Down candle = progressive exit of institutional leads to this candle, you must have TP before.
Red Bar = Dump candle = steep decline, the institutional take profit hard. You better be out before that one.
Hot-Money plot show momentum and react fast to price action.
It appear as a filled zone (red or green) depending on the plot position compared to its average.
In a downtrend you may only see this one.
Key-Signals:
"Bullish signal 𓃓" = open a long
"Sell signal 💲" = close the long
I recommend you don't keep all the signals enabled at first.
(feel free to ask me the use of the other signals)
It seemed to me that SMART MONEY MCDX was counter-intuitive and archaic,
So i made this one for personal use,
I'm happy if this indicator helps you,
Have a good trade
Hidden Divergence ElucidatorHidden Divergence Elucidator is a brand new strategy-oriented indicator, elucidating RSI hidden divergences.
The uniqueness is represented by a beautiful detection of hidden divergence which excludes any regular divergences.
This indicator is shown under the oscillator window.
It is highly recommended to use both HDE and HDE O/L.
Hidden Divergence Elucidator OverlayHidden Divergence Elucidator is a brand new strategy-oriented indicator, elucidating RSI hidden divergences.
The uniqueness is represented by a beautiful detection of hidden divergence which excludes any regular divergences.
This is an overlay version of Hidden Divergence Elucidator(HDE).
It is highly recommended to use both HDE and HDE O/L.
Sharktank - RSI ExtendedA fully fledged RSI indicator.
Features:
- An EMA on the RSI
- 2 Different range settings for the background
- 2 Different color schemes
- Markers for hidden and normal divergence
- Lines for hidden and normal divergence
Enjoy!
[_ParkF]MDRPThis indicator indicates that 'Momentum Discrepancy Reversal Point' = 'MDRP'.
Mixing and modifying several general indicators to find support and resistance
It is created to predict the change point of the trend by overlaying it on the chart.
The 4 support and resistance lines are drawn live, and the changed support and resistance lines are
It erases the line and overlays it again with a new line.
For each support and resistance, you can modify the color or line thickness, number of expressions, etc. in the input menu.
1. _____RSI-SR
Based on Wilder's RSI formula, overbought and oversold
Changes are detected and overlaid on the chart in the form of 2 resistances and 2 supports.
2. _____STOCHRSI-SR
Using the general stochastic and Wilder's RSI calculations,
Detect changes in overbought and oversold areas
It overlays the chart in the form of 1 resistance and 1 support.
3. _____PV-SR
Pivot-based support and resistance will be overlaid on the chart,
By default, 10 pivot lines are drawn, but by modifying the count in the input menu,
You can modify the number of overlays.
4. _____FVG
'Fair value gaps' refers to gaps within consecutive candles.
This section is overlaid in the form of a box,
The default is to draw 10 FVG boxes, but set count in the input menu.
You can modify the number of overlays by editing.
5. _____ZIGZAG
This is to find MDRP by overlaying the low and high prices of the current trend on the chart.
ZIGZAG labels near supports and resistances of 1, 2, 3 and 4 can increase the reliability of the MDRP.
The default value of live in the input menu is true, but if it is false, the closing price is checked and drawn.
Reduce false signals.
6. _____ICHIMOKU
The 5 lines of ICHIMOKU were overlaid with the default values of 9, 26, 52, 26,
Lines other than LeadLine A and B that are overlaid on the chart are overlaid on the chart only as much as the period value of each line.
* The _____FVG indicator cited the source of 'makuchaku'.
------------------------------------------------------------------------------------------------------------------------------------------------------------------------
이 지표는 'Momentum Discrepancy Reversal Point' = 'MDRP'를
찾기 위해 여러개의 일반적 지표들을 혼합, 수정하여 지지와 저항의 형태로
차트에 overlay 시켜 트렌드의 변화 지점을 예측 하기 위해 만들어졌습니다.
4개의 지지와 저항선은 실시간으로 그려지게 되며, 변화된 지지와 저항은 기존의
선을 지우고 새로운 선으로 다시 표시 됩니다.
각 지지와 저항은 input 메뉴에서 색 또는 선의 두께, 표현할 개수 등을 수정할 수 있습니다.
1. _____RSI-SR
Wilder's RSI 계산식을 기반으로 과매수, 과매도 영역에서의
변화를 감지하여 2개의 저항과 2개의 지지의 형태로 차트에 표시 됩니다.
2. _____STOCHRSI-SR
일반적 스토캐스틱과 Wilder's RSI의 계산식을 이용하여
과매수, 과매도 영역에서의 변화를 감지하여
1개의 저항과 1개의 지지의 형태로 차트에 표시됩니다.
3. _____PV-SR
Pivot을 기반으로 한 지지와 저항을 차트에 표시 하게 되며,
기본값은 10개의 Pivot선이 그려지게 되지만 input 메뉴에서 count를 수정하여
표시할 개수를 수정할 수 있습니다.
4. _____FVG
'Fair value gaps'는 연속된 캔들 안에서의 갭 구간을 말합니다.
이 구간을 박스의 형태로 표시한 것이며,
기본값은 10개의 FVG 박스가 그려지게 되지만 input 메뉴에서 count를
수정하여 표시할 개수를 수정할 수 있습니다.
5. _____ZIGZAG
현재 트렌드의 저가와 고가를 차트에 표시하여 MDRP를 찾기 위한 것으로
1, 2, 3, 4의 지지와 저항 부근에서의 ZIGZAG 라벨은 MDRP의 신뢰도를 높혀줄 수 있습니다.
input 메뉴에서의 live 기본값은 체크되어 있지만 체크를 해제하면 종가를 확인하고 그려지기에
거짓 신호를 줄일 수 있습니다.
6. _____ICHIMOKU
ICHIMOKU의 5개의 선은 기본값인 9, 26, 52, 26으로 표시하였으며,
차트에 표시되는 선행스팬 1과 2를 제외한 전환선, 기준선, 후행스팬은 각 선의 기간값만큼만 차트에 표시 되게 하였습니다.
[DMG] REVEREND v2REVEREND (RSI based Trend Reversal Indicator)
Info:
This is an RSI based convergence divergence (like MACD) indicator using SMAs or DEMAs for smoothing.
You can optionally filter the signals with the stochastic momentum indicator (SMI) levels or via simple overbought/oversold RSI levels.
Signals:
Purple is the Slow MA, Green is the Fast MA, Blue is the SMI (Momentum).
Buy and Sell signals are shown as circles (yellow on top sell, green on bottom buy)
The histogram is for easier differentiation (like macd) zero crossings creating the signals.
Usage:
Settings can never be perfect for any indicator, defaults should be good for BTC, ETH.
Sell signals should be taken with falling momentum, buys with rising momentum.
Watch out for false signals if Momentum is still rising while it prints a sell signal it is most likely false, you can filter these by using longer MAs but then it becomes more lagging.
A sufficiently fast fast-MA can be used for tracking RSI itself and since it also displays the stoch. momentum signal you can also check for divergences yourself or anticipate moves by their slope.
This is my main indicator for a year now and I wish I had followed it more ;) I additionally use EMAs, VWAP, Divergences and Volume Indicators, just remember price is king.
If you have questions or additional ideas I'd be happy to read them!
Good Luck! :D
QQE MOD + SSL Hybrid + Waddah Attar ExplosionTRADE CONDITIONS
Long entry:
QQE Mod changes to Blue (leading indicator)
SSL Hybrid is Blue and price is above MA Channel line
Waddah Attar Explosion is Green and above Explosion line
Short entry:
QQE Mod changes to Red (leading indicator)
SSL Hybrid is Red and price is below MA Channel line
Waddah Attar Explosion is Red and above Explosion line
Risk management:
Each trade risks 2% of account (configurable in settings)
SL size determined by swing low/high of previous X candles (configurable in settings)
TP is triggered on SSL Hybrid EXIT arrow signals
TIPS
Timeframe: Personally I've found best results running this on 1H timeframe.
Note: To help visual identification of trade entries and exits you may wish to add the SSL Hybrid and Waddah Attar Explosion to the chart separately. They are being used to determine trade entry/exit within the code of this strategy but it was not possible to display them in a clear way within a single panel. Make sure you set the settings of the auxiliary indicators to match what is in the settings of this indicator if you do decide to add them.
CREDITS
QQE MOD byMihkel00
SSL Hybrid by Mihkel00
Waddah Attar Explosion by shayankm
ENVELOPE RSI - Buy Sell SignalsThis indicator is mainly based on Overbought and Oversold . Indicator for short-term trading. This way you can get small but acceptable signals.
The main basis of the indicator is as follows:
To buy, the indicator is waiting for the instrument to be oversold from the RSI point of view. Then, if the chart crosses the bottom line of the Envelope indicator from the bottom to the top, a buy signal is issued.
For sell, the indicator waits for the instrument to be overbought from the RSI perspective. Then, if the chart crosses the top line of the Envelope indicator from top to bottom, a sell signal is issued.
The general basis is the consonance of the price and the RSI indicator .
The best settings I came up with myself:
Time frame: 15 minutes
Overbought: 80
Oversell: 25
RSI Length: 8
It can be done on different instruments. But always set your profit and loss limits.
(Profit to loss ratio in this indicator can be 1: 1.)
Disclaimer : This information and trading indicators and tools provided neither is, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities. You shall be fully responsible for any investment decision you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.
I am not liable for any profit, financial improvement, losses or damages, monetary or other that may result from the application of information contained within this indicator. Individual traders must use their own due diligence in analyzing featured trading indicators, other trading tools, webinars and other educational materials to determine if they represent suitable and useable features and capabilities for the individual trader.
Options Volume Indicator
Volume Indicator for Option Trading, it is a simple indicator based on Relative Strength Index. There are two horizontal lines are mention 10 and -10, if bar crossed above the (Line 10) then go for buy and when Bar cross under (Line -10) go for sell side.
If Bar Color changed to Respective color of the previous bar i.e. color gets darker then you can exit/ trail SL there because it overbought / Oversold position and vice versa for Sell Side.
this volume indicator works on any Script.
The Black Floating Line indicates the Average volume
BB + RSI double strategy developeI'm Korean, and it may not be enough to explain this script in English. I feel sorry for the users of TradingView for this lack of English skills. If you are Korean, please return it to the translator using Papago. It will be a useful manual for you.
This script referenced Chartart's Double Strategy. But there are some changes in his script.
0. Basically, when you break through the top or bottom of the 100th period balliser band and come back into the band, you track the overbuying and overselling of the RSI to determine your position entry. The order is triggered only when both conditions are satisfied at the same time. However, only one condition applies to clearing the position. This is because it is most effective in reducing risk and increasing assets in terms of profit and loss.
1. This script is optimized for 15 minutes of bitcoin futures chart and API via webbook alert. By default, 10x leverage usage and 10 pyramids are applied.
2. Setting a chart period other than 15 minutes will not guarantee sufficient effectiveness. It can also be applied to Ethereum , but it is not recommended to apply to other symbols.
3. I added Enable Date Filter because Chartart's script could not apply the strategy to the user's desired period. This feature allows you to set a period of time when you do not want to use the strategy. You can also uncheck it if you don't want to fully use this feature. Please remember that it is an exclusion period, not a usage period. With this feature, we can see the effectiveness of the strategy from a point in time, not from the entire period. You can also clearly differentiate the effectiveness of the strategy from the point you use it.
4. You can also stop using strategies at certain times of the day when you don't want to apply them. This works similarly to the Enalbe Date Filter described above. This allows you to sleep comfortably even if you don't fully trust this strategy.
5. The period, overbuying, and overselling figures of RSI can be set individually. For example, when you take a long position, you can set the RSI to a period of 7, and at the same time, the RSI entering the short position can be set to a period of 14. You can also set the base figures for overbuying and overselling to levels that you think are reasonable. This figure works in conjunction with the Bollinger Band and affects position entry when it is crossed or returned.
6. Based on API futures trading, basic Sleepy and commission are applied. This is geared towards market price transactions. This makes your revenue look more reasonable.
Thank you very much, Chartart. You are a genius.
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저는 한국인이고, 영어로 이 스크립트를 설명하는 것이 어렵기 때문에 설명이 부족할 수 있습니다. 이런 영어 능력 부족에 대해서 TradingView 사용자들에게 미안하게 생각합니다. 만약 당신이 한국인이라면 파파고를 사용하여 번역기에 돌려주십시오. 당신에게 유익한 설명서가 될 것입니다.
이 스크립트는 Chart art의 Double Strategy를 참조했습니다. 그러나 그의 스크립트에서 달라진 점이 몇 가지 있습니다.
0. 기본적으로 100기간의 볼린져밴드의 상단 또는 하단을 돌파한 뒤 다시 밴드 안으로 들어올 때 RSI의 과매수, 과매도를 추적하여 포지션 진입을 결정합니다. 두 가지 조건이 동시에 만족되어야만 주문이 트리거 됩니다. 그러나 포지션을 청산하는 것에는 볼린져밴드 하나의 조건만 적용합니다. 여러가지 테스트를 거친 결과 이것이 손익 면에서 가장 효과적으로 리스크를 줄이고 자산을 늘리는 것에 효율적이기 때문입니다.
1. 이 스크립트는 15분의 비트코인 선물 차트와 webhook alert을 통한 API에 최적화되어 있습니다. 기본적으로 10배의 레버리지 사용과 10개의 피라미딩이 적용되어 있습니다.
2. 15분 외에 다른 차트 기간을 설정한다면 충분한 효과를 보장할 수 없습니다. 또한 이더리움에도 적용할 수 있지만, 그 외에 다른 심볼에는 적용하지 않는 것을 권장합니다.
3. Chart art의 스크립트는 전략을 사용자가 원하는 기간에 적용할 수 없었기 때문에, 저는 Enable Date Filter를 추가하였습니다. 이 기능을 통해 전략 사용을 원하지 않는 기간을 설정할 수 있습니다. 또한 이 기능을 완전히 사용하고싶지 않다면 체크를 해제할 수 있습니다. 사용 기간이 아닌 제외 기간인 점을 상기하시길 바랍니다. 이 기능을 통해 우리는 전체 기간이 아닌 가까운 특정 시점부터의 전략 적용 효과를 확인할 수 있습니다. 또한 사용자가 전략을 사용한 시점부터의 효과를 명백히 구분할 수 있습니다.
4. 또한 사용자가 적용을 원하지 않는 하루 중의 특정 시간대에 전략 사용을 멈출 수도 있습니다. 이는 위에 설명한 Enalbe Date Filter와 유사하게 작동합니다. 이를 통해 당신이 온전히 이 전략을 신뢰하지 못하여도 당신은 마음 편하게 잠에 들 수 있습니다.
5. RSI의 기간 및 과매수, 과매도 수치를 개별적으로 설정할 수 있습니다. 예를 들어 당신이 롱 포지션을 취할 때에는 RSI를 7의 기간으로 설정할 수 있고, 동시에 숏 포지션을 진입하는 RSI는 14의 기간으로 설정될 수 있습니다. 또한 과매수 및 과매도의 기준 수치를 당신이 합리적이라고 생각하는 수준으로 설정할 수 있습니다. 이 수치는 볼린져밴드와 함께 작동하여 그것을 넘어서거나 다시 되돌아올 때 포지션 진입에 영향을 미칩니다.
6. API 선물거래를 기준으로 하여 기본적인 슬리피지와 커미션이 적용되어있습니다. 이는 시장가 거래에 맞춰져 있습니다. 이는 당신의 수익을 좀 더 합리적인 수치로 보일 수 있게 합니다.
Chartart에게 특별히 감사합니다. 당신은 천재입니다.
RSI+PA+PrTPHi everybody,
This strategy is a RSI, Price Averaging, Pyramiding Strategy based on the earlier RSI+PA+DCA strategy. See below.
For this slightly different strategy I left the DCA option out and instead focused on the Take Profit calculation. In the previous strategy the Take Profit was directly connected to the Average Price level with a specified take profit %. When the price reached the Take Profit all positions where exited. The strategy opened multiple position based on the PA price levels. The separate positions can close when they reach separately specified Take Profit Limit. Each time the prices crosses the PA layer again the position can be re-opened. This causes the average price to drop each time a separate position is opened and closed.
I thought it was an interesting way to minimize losses and in general it works fine. Only when the market goes bearish it can cause significant losses
For the lack of a better word, I dubbed it Progressive Take Profit. The PrTP works different and is less risky. It doesn't directly follow the average price development and is calculated for a part based on the estimated profits of the separate closed positions. Every time a separate position is closed, the profit of that position is deducted of the Take Profit Limit. This causes the Take Profit Limit to drop les drastically then the average price and the whole position will only be closed when the separately opened and closed positions made up for the biggest losses.
There are still some aspects in the puzzle that are not fully worked out yet and I am still working on it, but I wanted to share this idea already and maybe you have some thoughts about it.
The next step is to re-implement a better worked out DCA function.
To be continued.
RSI Divergence Fast by RSUAdvantages:
1. When rsi is at a high point, once it falls by 1 k line, it will detect the divergence from the previous high point. This can quickly find the divergence that has taken effect and help you quickly capture the trend before a sharp decline or rise.
The difference between other RSI divergence indicators: the official divergence indicator is to detect the 5 and the k line, which may lead to a large amount of decline.
2. This indicator detects the previous high and the previous low of 5, 10, 20 lengths at the same time, instead of only detecting a fixed length, so that more deviations can be found.
Notice:
Because it is a quick divergence detection, it is recommended to confirm that the divergence takes effect after the current k is completely closed first. I have identified this state in the indicator as "k not end"
Disadvantages and Risks
Since it is a quick discovery, there will be error identification. I listed the difference between the two indicators when deleting errors. The indicator turns off the "delete error" option by default.
Please do not:
Don't go short in the uptrend, don't go long in the downtrend.
Top divergences that occur because of a strong uptrend are usually only temporary pullbacks. Bottom divergences in persistent declines are also temporary rallies. Do not attempt to trade such low-return trades.
It is recommended to use the divergence indicator when the stock price has made a new high and retraced, and once again made a new high, because this often leads to the end of the trend.
Divergence how to use:
1. After the previous K line was completely closed, a bottom divergence was found.
2. Open an long order at the beginning of the second bar, or as close to the bottom as possible (because the stop loss will be smaller).
3. Break the stop loss price below the previous low where the divergence occurred, which already means that the divergence is wrong.
RSI usage:
1. RSI is above the 50 line, in an uptrend, below 50 in a downtrend.
2. Above 70 is overbought, falling below the oversold zone may mean the end of the uptrend.
Below 30 is oversold, above the oversold zone may mean the end of the downtrend.
MTF Dots BTC-Pair [Auto] [Moto]Hello traders,
Rsi is pretty commonly used and for some good reasons. When I'm trading, I don't always want to use the USDT/USDTPERP rsi, I want to see the correlated BTC pair Rsi of that asset
This script is similar to my MTF Dots and MTF Dots Cor scripts, but with an important and crucial distinction.
This shows user input oversold and overbought RSI metrics for multiple simultaneous timeframes comparatively to a perpetual futures contracts respective BTC pair automatically.
IMPORTANT: As of posting, the script will only show relevant information if the observed chart is a Binance perp chart. Any other chart and the script will not show data.
For example, if a user is on the BINANCE:SOLUSDTPERP chart, the script will show oversold and overbought Rsi data points for BINANCE:SOLBTC. If observing the BINANCE:ZRXUSDTPERP chart, it will give metrics for BINANCE:ZRXBTC Rsi.
There are six time frames, set to "Chart" resolution by default, which have individual period, overbought and oversold levels of strength.
DM for access,
Thanks
