RSI in Candlestick MODE

23 Jan

Description:

The "RSI Bar" indicator is a versatile tool designed to enhance your technical analysis on trading charts. This Pine Script™ code calculates the Relative Strength Index (RSI) for open, close, high, and low prices, and represents the results as bars on the chart. The bars are color-coded based on whether the closing RSI is higher or lower than the opening RSI.

Additionally, the indicator incorporates advanced features such as Pareto analysis and Gaussian smoothing. The Pareto analysis helps identify significant lows and highs in the RSI, providing insights into potential trend reversals. The Gaussian smoothing further refines the analysis, contributing to a more accurate representation of the average RSI trend.

Key Features:

• RSI calculation for open, close, high, and low prices.
  
• Color-coded bars for easy visualization of RSI trends.
  
• Pareto analysis to highlight key RSI levels indicating potential reversals.
  
• Gaussian smoothing for improved trend analysis and visualization.
  
• Heiken-Ashi
  

25 Jan

Nota Keluaran

+Modified SAR is added to the technical analyse.

25 Jan

Nota Keluaran

+input GUI is updated

26 Jan

Nota Keluaran

1. Tag for the amount is added.
   
2. Track line is Added.
   

2 Feb

Nota Keluaran

• Displaying static lines are now migrated to the GUI
  
• Banner is added to the indicator, and at the time if the pareto could not be calculated a warning message would be generated.
  

2 Feb

Nota Keluaran

A suggestion for Sell and Buy depends on the position of Pareto_Low and Pareto_High respect to the T.O (Take-Off) line (publisher experience). I add this feature to the indicator to give a suggestion for buy/sell in the trading. But please consider that it is just an indicator, and indicators could sometimes give you false signals.

8 Feb

Nota Keluaran

New feature:
Observation of 40 Symbol simultaniously, and show the results in tags for Buy/Sell/Changed categories.