'RSI Ultra' Fully Customizable Relative Strength Index MTF [DM]Greetings Colleagues
Today, I share the classic RSI.
As in the last indicator (moving average oscillator by ) I try to show you how you can take advantage of any indicator to infinity.
For now I let you experiment with the "2" RSIs and their histograms to measure divergence.
The 1st and 2nd RSI are fully customizable together or separately. Length, source, time frame, colors.
Horizontal control levels such as RSIs are fully customizable.
In the next update "tomorrow I will possibly add some details"
I hope their brains don't explode, tomorrow more.
Rsi_divergence
NEXT RSIThis is an amped-up version of the original Relative Strength Index (RSI) oscillator, giving the slope a smoother, sometimes leading edge. Our not-so-secret sauce within the algo is price/volume weighing, completely user configurable. NEXT RSI is intended to be used just like the vanilla RSI within the context of technical analysis: identifying overvalued (above upper limit) and undervalued (below lower limit) price action, as well as establishing a bias baseline (bullish if over 50; bearish if under 50). Higher NEXT RSI bottoms compared to lower price bottoms signify bullish divergence; lower NEXT RSI tops compared to higher price tops signify bearish divergence.
Below is a screenshot comparing NEXT RSI with default settings to vanilla RSI on AAPL M1 chart.
Input parameters:
Length: controls the averaging length of the RSI line.
P/V Weighing: a price/volume smoothing filter, with higher values yielding a smoother RSI line. Values over 10 can introduce lag but also help identify trend. We thought 5 was a pretty good momentum gauge (strengthening, weakening).
P/V Source: this variable is where you can get creative and blend volume with either direct price action (close, H+L/2, etc.) or other indicators such as moving averages, stochastic oscillator, and even the vanilla RSI.
RSI Divergence + EMA @DaviddTechVery simple strategy that will look for Divergence on the RSI.
My Strategy for this was mixed with the 55 EMA which you can activate in the settings.
WARNING:
- For purpose educate only - My mission is to debunk fake strategies with code to find THE ONE.
- Plots EMAs and other values on chart.
- This script to change bars colors.
RSING Indicator [CC]The RSING indicator was created by Alon Horesh (Stocks & Commodities March 2021 pg 11) and this aims to be a better version of rsi that adapts to volume as well as a focus on overall strength. This is trying to fix the issues with the traditional RSI with a lack of volume and the issue where you could have the indicator stay in overbought or oversold territory but the upward or downward momentum continues. This indicator takes ratios of the current volume to it's moving average, the overall momentum of the stock, and the current range in comparison to the std deviation of it's past range and multiplies them all together to create this new indicator. I smooth it with a moving average for easier to read buy and sell signals. I have included strong buy and sell signals as darker colors and normal buy and sell signals as lighter colors. Buy when the line turns green and sell when it turns red.
Let me know if there are any other indicators you would like to see me publish!
RSI Hidden Divergence + Stochastic + 200 EMA @DaviddTechHey Traders,
This is my first strategy of many I hope. Inspired by a strategy I found on YouTube I wanted to see if it would work with a BOT strategy.
The idea is :
## LONG ##
* When the price is above 200 EMA take only LONG positions.
* Look for Bullish hidden divergence.
* Stochastic crossover to find our entry.
## SHORTS ##
* When the price is below 200 EMA take only SHORTpositions.
* Look for Bearish hidden divergence.
* Stochastic crossunder to find our entry.
You can used a fixed percentage, ATR, HH/LL or a FIB level to take profit.
Everything is very visual and can be connected easily to a bot.
I will be doing a video on HOW-TO setup in a couple of days.
## MUTLI LEVEL PROFITS ##
This will show you on backtest is you take profits at 3 levels however I have not tested on a BOT strategy.
NOTE : This is for educational purposes and please test on a paper account, as I said this is my first strategy.
I will be working and back testing new strategies every week.
- Made with ♥ @DaviddTech
EWO Breaking Bands & XTLElliott Wave Principle, developed by Ralph Nelson Elliott , proposes that the seemingly chaotic behaviour of the different financial markets isn’t actually chaotic. In fact the markets moves in predictable, repetitive cycles or waves and can be measured and forecast using Fibonacci numbers. These waves are a result of influence on investors from outside sources primarily the current psychology of the masses at that given time. Elliott wave predicts that the prices of the a traded currency pair will evolve in waves: five impulsive waves and three corrective waves. Impulsive waves give the main direction of the market expansion and the corrective waves are in the opposite direction (corrective wave occurrences and combination corrective wave occurrences are much higher comparing to impulsive waves)
The Elliott Wave Oscillator ( EWO ) helps identifying where you are in the 5 / 3 Elliott Waves , mainly the highest/lowest values of the oscillator might indicate a potential bullish / bearish Wave 3. Mathematically expressed, EWO is the difference between a 5 period and 35 period moving average. In this study instead 35-period, Fibonacci number 34 is implemented for the slow moving average and formula becomes ewo = sma (HL2, 5) - sma (HL2, 34)
The Elliott Wave Oscillator enables traders to track Elliott Wave counts and divergences. It allows traders to observe when an existing wave ends and when a new one begins. Included with the EWO are the breakout bands that help identify strong impulses.
The Expert Trend Locator ( XTL ) was developed by Tom Joseph (in his book Applying Technical Analysis) to identify major trends, similar to Elliott Wave 3 type swings.
Blue bars are bullish and indicate a potential upwards impulse.
Red bars are bearish and indicate a potential downwards impulse.
White bars indicate no trend is detected at the moment.
Added "TSI Arrows". The arrows is intended to help the viewer identify potential turning points. The presence of arrows indicates that the TSI indicator is either "curling" up under the signal line, or "curling" down over the signal line. This can help to anticipate reversals, or moves in favor of trend direction.
MTF Wave Stochastic RSI [Cryptoheat]MTF Wave Stochastic RSI is a multiple time frame Stochastic RSI, based on 3 different timeframes, layered on top of each other. This is a very useful tool when used to confirm and identify Elliott Waves and sub-waves at once.
Each of the three curves is based on a different time frame. While the blue (K2) curve is the current time frame, the gray (K1) is of a faster time frame which is roughly around a third of the time and the green (K3) is of a slower time frame, roughly around 3 times the current time frame. The gray and green curves are based on specific settings that were back-tested and proved more efficient.
Reasoning behind this indicator is that although the normal Stochastic RSI can show divergences more sensitively and faster than the normal RSI indicator, it cannot do so while showing a larger duration backwards in an accurate way for comparisons. It can also not show wave structures and substructures, but rather a top or bottom reversal regardless of the wave structure hierarchy and wave strength. However when several time frames are combined in one indicator, they can reveal much more information about the chart as they can show larger durations next to smaller ones. Therefore they can be used as a confirmation and helper tool to identify Waves and Sub-waves.
This can be done, by looking first at the green curve (slowest RSI) and identifying full moves. A full move is a move from being oversold to overbought and back to being oversold again. A move can be the opposite as well. By identifying the beginning and end of a move of the larger time frame stochastic RSI this can help you see the two waves in each move. One wave up and one wave down. The peak of that wave can be seen either at the highest point of the in-between peak of the green curve or by one of the smaller time frame stochastic RSI tops when the green one is diverging. A look at the price action and application of Elliott Wave knowledge is mandatory, as this indicator is mainly a confirmation tool.
By back-testing it you can see that the larger time frame Stochastic RSI can show you full impulse and corrective waves most of the times, while the lower time frame stochastic RSI should be viewed as potential sub-waves of that main wave structure. Also noticeable are the divergences that can be seen often on the larger time frame Stochastic RSI..
Please note that this tool is not recommended to be used alone as like many indicators, this is a confirmation tool that can help in identifying rather than predicting…
Also for best results Elliot Wave knowledge is recommended…
I prefer to use this indicator along with a normal Stochastic RSI on top of it so I can always see which of the three curves is of the current time frame, making it easier to understand the chart. I also prefer using the normal RSI and MACD with it…
RSI Div at Daily VWAP StDevMean Reversion indicator based on RSI Divergences at Overbought/Oversold conditions with Price above/below a Standard Deviation from Daily VWAP. Useful for intra-day trading.
Signal criteria:
1. RSI is at Overbought/Oversold
2. RSI Divergence present (not hidden)
3. RSI has not reached Neutral level (i.e. 50)
4. Price has crossed above/below a Standard Deviation from Daily VWAP
Config Options:
- RSI length (default:14)
- Divergence Lookback Period (default:14)
- RSI Oversold/Overbought tresholds (default: 70/30)
- RSI Reset Level (default: 55/45)
- Use VWAP Std Dev (default: yes)
- Standard Deviation from Daily VWAP (default: 1.51)
Use with discretion.
Mayfair Heatmap Volume 1.0This is our most popular indicator. It gives three separate signals and is best used on a 4H timeframe, to alert you to trading opportunities.
The heatmap area represents buying and selling pressure.
The white line works like a volume-driven RSI indicator, indicating overbought/oversold situations.
There is also a divergence indicator, represented by the Bear/Bull Hidden Bear/Hidden Bull markers, which show where the price action and the indicator's direction are moving in different directions.
Like all indicators, it is not perfect, and you should never rely on one indicator in any situation, but this one alerts you to opportunities, which you can then study on lower timeframes to find an entry.
TDI - Traders Dynamic Index + RSI Divergences + Buy/Sell SignalsTraders Dynamic Index + RSI Divergences + Buy/Sell Signals
Credits to LazyBear (original code author) and JustUncleL (modifications)..
I added some new features:
1- RSI Divergences (Original code from 'Divergence Indicator')
2- Buy/Sell Signals with alerts (Green label 'Buy' - Red label 'Sell')
3- Background colouring when RSI (Green line) crosses above MBL (yellow line)
- Buy and Sell Signals are generated using Dean Malone's method (The Author of the TDI indicator) as mentioned in his PDF: (( www.forexfactory.com )), according to:
** Buy (Green Label) = RSI > 50, Red line, & Yellow line
** Sell (Red Label) = RSI < 50, Red line, & Yellow line
- I found that the best quality long trades generated when RSI crosses above red line, yellow line and they are all above 50, and vice versa for sell trades.
-I figured out another way to generate Buy/Sell Signals when RSI crosses above the yellow line, and you can stay with the trade till RSI crosses under the yellow line (I made a background colouring for that to be easily detected)
Hope you all wonderful trades..
مؤلف المؤشر هو (Dean Malone)
وكتب LazyBear كوده في tradingview
وأضاف JustUncleL بعض التعديلات عليه
أضفت إليه بعض المزايا الأخرى المتمثلة في:
1- رصد انحرافات مؤشر القوة النسبية
2- إشارات بيع وشراء بناء على طريقة مؤلف المؤشر
3- تظليل بالأخضر للمنطقة التي يعبر فيها مؤشر القوة النسبية الخط الأوسط (الخط الأصفر)
إشارات البيع والشراء تكون كالتالي:
** الشراء عندما يكون مؤشر القوة النسبية فوق الخط الأحمر وفوق خط الـ 50 وفوق الخط الأصفر
** البيع عندما يكون مؤشر القوة النسبية تحت الخط الأحمر وتحت خط الـ 50 وتحت الخط الأصفر
** أفضل إشارات الشراء حينما يعبر مؤشر القوة النسبية فوق الخط الأحمر والأصفر، ويكونوا جميعا فوق خط الـ 50، والعكس بالنسبة لإشارات البيع
يمكن استخدام المؤشر في دخول صفقات متوسط المدى، وذلك عندما يعبر مؤشر القوة النسبية فوق الخط الأصفر (قمت بتظليل المنطقة بالأخضر لسهولة رصدها) والخروج من الصفقة إذا نزل مؤشر القوة النسبية عن الخط الأصفر،
يرجى التنبه إلى أن الدخول والخروج يكون بأسباب فنية مدروسة، والمؤشر يدعم قراراتك فقط، ولا يمكن الاعتماد عليه منفردا في تحديد نقاط الدخول أوالخروج.
تجارة موفقة لكم جميعا :)
RSI Divergence Indicator (colorcoded and smoothed)This indicator uses a custom RSI algorithm which displays a modified RSI and stochastic RSI as a simple to read and color coded oscillator.
When RSI turns green it signals a bullish divergence and considers the asset as overbought.
When it turns red it signals a bearish divergence and considers the asset oversold.
Overbought levels at 80 and oversold levels at 20.
Displaying the RSI this way removes the hassle to manually spot for divergences in the chart.
Only use this indicator in confluence with other indicators to confirm an upcoming trend.
This indicator features alarms when the indicator turns green or red.
RSI PlusRSI Plus:
☑️ Show the divergences.
☑️ Shows the approximate price of an RSI level (by default it is level 55 but it can be changed for any other level).
☑️ Shows the bulls and bears zones, in green when crossing level 50 up and red when crossing down.
☑️ Circle the highest and lowest levels as possible purchases and sales.
☑️ Includes a smoothed RSI.
RSI Plus:
☑️ Muestra las divergencias.
☑️ Muestra el precio aproximado de un nivel del RSI (por defecto viene el nivel 55 pero se lo puede cambiar por cualquier otro nivel).
☑️ Muestra la zonas de toros y osos, en verde cuando cruza hacia arriba el nivel 50 y rojo cuando cruza hacia abajo.
☑️ Marca con un circulo los niveles mas alto y mas bajos como posibles compras y ventas.
☑️ Incluye un RSI suavizado.
JMRT RSI Stock DivergenceThis oscillator organized by Four Line , control zone and Divergence Line
This oscillator has 4 lines and shows divergences
1- Heavy movement line
2- Slow movement line
3- Fast movement line
4- Stocke line
Oscillator areas include the following subdivisions
1- Neutral Zone between Fibo 38.2% & 61.8%
2- Bullish Control Zone
3- Bearish Control Zone
4- Divergence Line
there are three or four suggestions for finding tradable signals behind those parts.
In its simplest form, the fast line can be supported by slow and heavy lines in uptrends
Or in the downward trend, these lines act as a resistance for fast line
Following some rules can improve the quality of signals
1- Support that has occurred with divergence along with the process
2- If it is accompanied by a structure of different types of price action
3- And in which control area this happened is important. For example, in the neutral zone, signals against the trend can usually be of low quality
In the second method, the signals that are issued in the areas of change of the saturation trend of buying and selling
A change in the direction of the fast line in saturated areas can be accompanied by a confirmed divergence of a signal to change the current trend or correct the price.
The third theory is about the continuity of the current trend
When the fast line moves towards the neutral or descending area but the heavy slow line continues to move positively and upwards, it means that the movement can continue in the same flow and trend as it is. And vice versa
The stock line is suitable for times when the market is in place
Note: Fibonacci levels in line movement can act as support and resistance levels
The idea of this oscillator is inspired by @mrhashem Borjas Tarh Momentum and Cyber Momentum
Mr_tahlilgar RSI 3 line with DivergenceThis oscillator organized by three Line , control zone and Divergence Line
1:) Fast Line
2:) Slow Line
3:) Heavy Line
4:) Neutral Zone between Fibo 38.2% & 61.8%
5:) Bullish Control Zone
6:) Bearish Control Zone
7:) Super Bullish Control Zone
8:) Super Bearish Control Zone
9:) Divergence Line
And there are three theories of finding tradable signals behind those parts .
The first and the most simplest theory is the situation that the Fast Line has the possibility to be supported by Slow or Heavy Lines and basically reverse its slope !!
But there are some rules and notes for this theory ... First of all the accuracy and rate of that is variable in three main categories of situation
1:) with or without price action reversal structure like reversal pattern (Head&Shoulder , Quasimodo , .... )
2:) with or without regular divergence
3:) in which control zone ?
So basically the most powerful setup occurs when price action is already in the reversal structure and the potential to have at least one drive of regular divergence exist and also the Fast Line is in the opposite control zone of the current time frame trend .... so obviously if one of those rules will not be satisfied so the signal will be the less value
The second theory is the signals that occur after the reversal, obviously a sign of trend continuation. there are two type of that you can use with this oscillator
The first one happens when price reverses its trend and this oscillator is moving to the neutral zone ... so if at least one drive of hidden divergence exist the neutral zone will have good possibility to reverse the slope of the oscillator obviously this would happen usually after hidden divergence confirmed .
and the second one is basically the first type but after the reversal Subsequently in the outside of the bullish / bearish control zone ... those kinds of signals are NOT the reversal potency signal at all !! they designed for trend continuation... be careful of them and try trade with your old friend trend ! .... also The existence of hidden divergences will be better for trade in this kind of signals
The third theory is about the continuity of the current trend
When the fast line moves towards the neutral or descending area but the heavy slow line continues to move positively and upwards, it means that the movement can continue in the same flow and trend as it is. And vice versa
Rainbow Adaptive RSI [LuxAlgo]The following oscillator uses an adaptive moving average as an input for another RSI oscillator and aims to provide a way to minimize the impact of retracements over the oscillator output without introducing significant lag.
An additional trigger line is present in order to provide entry points from the crosses between the oscillator and the trigger line. More details are given below.
Settings
Length : period of the oscillator
Power : controls the sensitivity of the oscillator to retracements, with higher values minimizing the sensitivity to retracements.
Src : source input of the indicator
The indicator also includes the following graphical settings:
Gradient : Determines the color mode to use for the gradient, options include "Red To Green", "Red To Blue" and "None", with "None" displaying no gradient.
Color fill : Determines whether to fill the area between the oscillator and the trigger line or not, by default "On".
Circles : Determines whether to show circles highlighting the crosses between the oscillator and the trigger line.
Usage
The indicator can be used like any normalized oscillator, but unlike a classical RSI, it does not converge toward 50 with higher length values. This is caused by the RSI using a smooth input.
The power setting will minimize the impact of certain variations on the oscillator:
Here the oscillator at the bottom uses a power value of 1.5.
The trigger line is a smoothed RSI using an EMA as input, and it won't remain as near to 100 and 0 as the main oscillator. Using a moving average of the main oscillator as a trigger line would create faster crosses, but this approach allows us to have no crosses when a retracement is present.
Details
As previously discussed the main oscillator uses an adaptive moving average as input; this adaptive moving average is computed using a smoothing factor derived from an RSI oscillator, a similar adaptive moving average known as ARSI, but unlike ARSI which uses a classical RSI of the closing price for the calculation of the smoothing factor, our smoothing factor makes use of RSI on the adaptive moving average error, which provides a higher level of adaptiveness.
[YummyProfit] RSI DivergenceHi everyone,
This scripts are used for learning and research purposes. THESE ARE NOT BUY/SELL SIGNALS.
If you have a better idea, share it here or contact me via msg. I will improve this script better in next version.
Settings:
Basically, you only need to care about "Lookback Level For Divs", this is the number of previously adjacent peak.
Feel free to use, share, comment & feedback.
Get indicator trading signals at yummyprofit.
Good luck!
CSRSCandlesticked RSI for price action traders!
See the True Momentum.
You can smooth RSI to remove noises and also find divergences.
fully customizable.
RSI with Self-Adjusting Linear Regression Bands (Expo)RSI with Self-Adjusting Linear Regression Bands (Expo) makes use of RSI and Linear Regression to create an RSI that follows the current trend. The indicator has an upper and lower self-adjusting Linear Regression Band that act as RSI boundaries.
HOW TO USE
The indicator can be used in multiple ways, for instance, to find overbought and oversold areas. Or to identify trends as well as pullbacks in trends.
INDICATOR IN ACTION
This indicator is a modification of RafaelZioni's work "Linear Regression Trend bands"
Credit to: RafaelZioni
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
-----------------
Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
PT RSx RSIVersion 1.0 of our RSx RSI indicator was developed initially as a scalper. It helps determine a possible top/bottom for a specified time frame. The indicator is a modified version of the original RSI . We added a second line to help give you a visual on a bull/bear cross.
Bull crosses at the bottom of the range indicate that the current trend is trying to reverse & vice versa.
We also added a series of Fibonacci levels that act as pivotal areas. We have two highlighted areas that offer volatility . Our Red zone (upper fibs) should prompt you to look for short entries & our Grey zone (mid fibs), which acts as a neutral/range area.
This Oscillator was built around our buy sell indicator & it is used on all time frames for swinging & scalping. It is included as part of the library. Just message us for access!
TMsignal - RSI Divergence V1.0TMsignal - RSI Divergence V1.0: It automatically shows RSI Divergence, being much useful for detecting future changes in the tendency of the current stock, and weakness in the actual tendency.
Different timeframes can be set up to meet your needs.
We hope you like it! Contact us any question or improvement suggestions.
HM_RSI [By Nitish Sir]Concept by NITISH Sir;
Hilega Milega System;
LONG Entry when RSI is GREEN & Above "dash" line
SHORT Entry when RSI is RED & Below "dash" line
LONG Exit when RSI turns to RED from GREEN
SHORT Exit when RSI turns to GREEN from RED
SIDEWAYS movement when RSI line is BLACK; Wait for pullback or reversals here.
Use on Higher Timeframes only.
RSI(EMA) - Reducing Noise This script is a modified version of the Relative Strength Indicator ( RSI ). While using RSI to trade the markets, the signals generated are very choppy.
Approach 1. One way to reduce this noise is to use a higher period for the RSI calculation. (say 20 instead of 14 period). In this approach, the valid signal comes quite late.
Approach 2. My unique solution is to use a Exponential Moving Average as the input for the RSI calculation. Usually RSI calculations are based on close value of the candles. If we use an appropriate EMA value, then the signal efficiency will increase.
Using the approach 2, strategies similar to regular RSI can be utilized i.e. RSI breakout, RSI divergence, RSI Hidden divergence.
RSI Colors explained
GREEN = BULLISH momentum when RSI >60
RED = BEARISH momentum when RSI <40
BLACK = NEUTRAL market conditions when RSI is between 40 and 60
Breakout Strategy
LONGS - RSI color is GREEN + Price breaks a Resistance
SHORTS - RSI color is RED + Price breaks a Support
Recommended default settings: EMA =7 period , RSI =14 period
ADDITIONAL TIP: Works wonderfully with Pivot Points (standard)
I recommended to use on minimum 5 MINUTE timeframe for intraday trades . But you can use different timeframes as well.
Please leave comment below If you have any question or development idea.
