OPEN-SOURCE SCRIPT
Volume-Based RSI Color Indicator with MAs
This is not a typical RSI indicator; it is a unique variation that integrates volume analysis and moving averages (MAs) for the RSI. Here's how it stands out:
Volume-Based Color Coding: The RSI line changes color based on it's level
(overbought/oversold) and volume conditions. For example:
Red: RSI is overbought, and volume is significantly higher than average.
Green: RSI is oversold, and volume is significantly higher than average.
Blue: Default color for other scenarios.
RSI Moving Averages: it includes long-period (200) and short-period (20) moving averages of
the RSI, calculated using SMA or EMA, based on user preference. this adds a trend-
following component to the RSI analysis.
Customization Options: The script allows users to adjust parameters like RSI length,
overbought/oversold levels, high-volume multiplier, and MA type lengths.
These enhancements make the indicator more dynamic and tailored for traders looking to incorporate both momentum and volume trends into their strategy.
Volume-Based Color Coding: The RSI line changes color based on it's level
(overbought/oversold) and volume conditions. For example:
Red: RSI is overbought, and volume is significantly higher than average.
Green: RSI is oversold, and volume is significantly higher than average.
Blue: Default color for other scenarios.
RSI Moving Averages: it includes long-period (200) and short-period (20) moving averages of
the RSI, calculated using SMA or EMA, based on user preference. this adds a trend-
following component to the RSI analysis.
Customization Options: The script allows users to adjust parameters like RSI length,
overbought/oversold levels, high-volume multiplier, and MA type lengths.
These enhancements make the indicator more dynamic and tailored for traders looking to incorporate both momentum and volume trends into their strategy.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, penulis telah menerbitkan kod Pine ini sebagai sumber terbuka supaya pedagang dapat memahami dan mengesahkannya. Sorakan kepada penulis! Anda boleh menggunakan perpustakaan ini secara percuma, tetapi penggunaan semula kod dalam penerbitan ini adalah dikawal oleh Peraturan dalaman. Anda boleh menyukainya untuk menggunakannya pada carta.
Ingin menggunakan skrip ini pada carta?
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.