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Improved RSI Trend Sniper | JeffreyTimmermansImproved RSI Trend Sniper This indicator, the "Improved RSI Trend Sniper" is a sophisticated tool designed to enhance market trend analysis by integrating customizable RSI thresholds with advanced moving average options and refined visual enhancements. Key Features Advanced Moving Average Options: The indicator now supports multiple moving average types: SMA, EMA, SMMA, WMA, VWMA, LSMA, HMA, and ALMA, offering greater flexibility in trend analysis. Users can customize the moving average length for precise momentum detection. Enhanced Momentum Detection: Upgraded to allow dynamic calculation of momentum based on user-selected moving averages. Conditions for bullish or bearish momentum now consider changes in the chosen moving average rather than a fixed EMA, improving accuracy. Visual Upgrades: A gradient-based trend fill with multiple opacity layers provides a visually appealing representation of bullish and bearish trends. New dashboard integration displays key market information, including the ticker, timeframe, and current trend (bullish or bearish). Improved Signal Customization: Customizable colors and labels for bullish and bearish signals ensure easy identification on the chart. Enhanced settings for showing or hiding labels and trend fills Refined Alerts System: Alerts are now generated for bullish and bearish conditions with customized messages for better responsiveness. Alerts can be triggered once per bar close, making them more reliable. What's New: RSI and MA Customization: Users can define thresholds and moving average settings, providing more control over trend analysis. Dashboard Integration: Displays real-time updates directly on the chart for improved situational awareness. Visual Enhancements: Introduced gradient fills for trend regions, making trends more distinct. Expanded Moving Average Options: Allows for tailored strategies using various MA calculation methods. Alert Messaging: Streamlined notifications for actionable insights. How It Works Momentum Analysis: Bullish momentum is detected when the RSI crosses above the bullish threshold and the moving average is increasing. Bearish momentum is flagged when the RSI falls below the bearish threshold, and the moving average is decreasing. Trend Visualization: Bullish trends are highlighted with gradient shades of green, while bearish trends use shades of red. Labels appear on the chart to mark key turning points. Tailored for Different Trading Styles The Improved RSI Trend Sniper is versatile and adaptable, catering to traders with various time horizons: Long-Term Adjustments: For traders focusing on long-term trends, increasing the RSI length and moving average period allows the indicator to smooth out minor price fluctuations and highlight sustained momentum. Selecting slower-moving averages like the SMA or LSMA further filters out short-term noise, ensuring signals align with broader market trends. Medium-Term Adjustments: Swing traders can use a balanced RSI length (e.g., 14–20) and a medium moving average period (e.g., 20–50) to capture actionable signals within the mid-range market cycles. The inclusion of options like EMA or SMMA ensures quicker reactions to price changes while maintaining moderate sensitivity to reversals. Short-Term Adjustments: For day traders or scalpers, using a shorter RSI period (e.g., 7–10) alongside faster moving averages such as the HMA or ALMA can provide quicker signals for high-frequency trading. These adjustments enhance the ability to react swiftly to immediate market shifts, ideal for fast-paced trading environments. By customizing the indicator’s settings to align with your trading timeframe, the Improved RSI Trend Sniper ensures accurate and relevant insights, empowering traders to optimize their strategies across any market condition. Dashboard Details Provides an at-a-glance view of market data for the current ticker and timeframe. The Improved RSI Trend Sniper takes the original tool to the next level, offering a more comprehensive, customizable, and visually intuitive approach to market trend analysis. Perfect for traders looking to refine their strategies with actionable insights. -Jeffrey
Penunjuk Pine Script™
oleh JeffreyTimmermans
1
Pivot Highs&lows: Short/Medium/Long-term + Spikeyness FilterShows Pivot Highs & Lows defined or 'Graded' on a fractal basis: Short-term, medium-term and long-term. Also applies 'Spikeyness' condition by default to filter-out weak/rounded pivots ES1! 4hr chart (CME) shown above, with lookback = 15; clearly identifying the major highs & lows on the basis of how they are fractally 'nested' within lesser Pivots. -- in the above chart Short term pivot highs (STH) are simply represented by green 'ʌ', and short-term pivot lows (STL) are simply represented by orange 'v'. //Basics: (as applying to pivot highs, the following is reversed for pivot lows) -Short term highs (STH) are simple pivot highs, albeit refined from standard with the 'spikeyness' filter. -Medium-term highs (MTH) are defined as having a lower STH on either side of them. -Long-term highs (LTH) are defined as having a lower MTH on either side of them. //Purpose: -Education: Quick and easy visualization of the strength or importance of a pivot high or low; a way of grading them based on their larger context. -Backtesting: use in combination with other trading methods when backtesting to see the relative significance and price sensitivity of LTHs/LTLs compared to lower grade highs and lows. //Settings: -Choose Pivot lookback/lookforward bars: One setting, the basis from which all further pivot calculations are done. -Toggle on/off 'Spikeyness' condition to filter-out weak/rounded/unimpressive pivot highs or lows (default is ON). -Toggle on/off each of STH, MTH, LTH, STL, MTL, LTL; and choose label text-styles/colors/sizes independently. -Set text Vertically, horizonally, or simply use 'ʌ' or 'v' symbols if you want to declutter your chart. //Usage notes: -Pivots take time to print (lookback bars must have elapsed before confirmation). Fractally nested pivots as here (i.e. a LTH), take even longer to print/confirm, so please be patient. -Works across timeframes & Assets. Different timeframes may require slightly tweaked lookback/forward settings for optimal use; default is 15 bars. Example usage with just symbolic labels short-term, med-term, long-term with 1x, 2x and 3x ʌ/v respectively:
Penunjuk Pine Script™
oleh twingall
20