Adds a purple label to the right of price if RSI is overbought or oversold, otherwise it doesn't show anything at all, nada. Handy for people (like me) who often focus on price action and forget to watch the RSI
This script shows divergences over the periods 2,3,4,5 and 6.
One period is 1 day on the Daily, or 5m on the 5m chart
I will add more when needed. but it will get busy soon on the chart so that i why i stick to the most important ones.
The divergence is indicated with a number on the end of the divergence. The number shows how many periods you have to go back in...
This is a back-test tool for the BB + RSI indikator
- Set your gain percentage and the rest of your parameters and see how does it work on a chart.
- The pyramid buying is on by default you can turn it off in indicator settings/properties
TradersVenue RSI+OHL strategy generates buy/sell signals basis the open=high, open=low, RSI crossover above 60 and RSI crossunder 60 logic. Back testing results are good. However since it uses HeikinAshi charts exact profit will vary. But basis my trading experience its highly profitable and can be used for intraday and positional trading. This will benefit option...
Note : I haven't been able to determine from the info I've found whether the variable length is used for the average gain/loss part of the calculation and/or for the relative strength portion of the calculation . If anyone knows for certain please let me know.
Type A only uses the variable length for the final relative strength calculation and the fixed RSI...
This is one fantastic trading strategy which works on RSI and OHL metrices. Go long when RSI crosses above 60 and go short when RSI crosses below 60. Apart from that in 15 mins candle if open = high in Heikin-Ashi charts then go short and if open = low then go long.
Introduction
Edge-preserving smoothing is often used in image processing in order to preserve edge information while filtering the remaining signal. I introduce two concepts in this indicator, edge preservation and an adaptive cumulative average allowing for fast edge-signal transition with period increase over time. This filter have nothing to do with classic...
This is the same swinger script based on multi-exchange algo of Godmode oscillator i made for BTC trading only. It's custom tweaked to be used for trading ETH/USD pair and ETH perpetual swaps on Bitmex. It doesn't work correctly on ETH/BTC pairs. Same rules apply for entry: after signal you enter position with half of the risk to be sure you are in a trade, then...
Hey guys just published another script that allows you to plot 3 sma's onto the RSI chart. Firstly the RSI close input is set to 7. the first sma is set at one in purple which is the current RSI level. Second MA is set at 7 and in orange, third and fourth ma's set to 14 and 21 in white and green respectively. Overbought/Oversold levels set at 75/25 with a midline...
Sentimental RSI , default value is 14.
This helps understanding the Market Sentiment. Value above 65 momentum is bullish. Value below 35 momentum is bearish
Introduction
The non-signal version of the absolute strength indicator from fxcodebase.com requested by ernie76 . This indicator originally from mt4 aim to estimate the bullish/bearish force of the market by using various methods.
The Indicator
Two lines are plotted, a bull line (blue) representing the bullish/buying force and a bear one (red) representing...
