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Relative Strength Index (RSI)

RSI Candle with Advanced RSI fomulaRSI Advanced As the period value is longer than 14, the RSI value sticks to the value of 50 and becomes useless. Also, when the period value is less than 14, it moves excessively, so it is difficult for us to see the movement of the RSI. So, using the period value and the RSI value as variables, I tried to make it easier to identify the RSI value through a new function expression. This is how RSI Advanced was developed. Period values ​​below 14 reduce the volatility of RSI, and period values ​​greater than 14 allow wider fluctuations, allowing overbought and oversold zones to work properly and give you a better view of the trend. I also changed the RSI by applying the appropriate function expression so that the RSI with a period value of 168 (=14*12) on a 5 minute timeframe has the same value as the RSI on a 60 minute timeframe with a period value of 14. As another example, an RSI with a period value of 56 (=14*4) in a 15-minute time frame has the same value as an RSI with a period value of 14 in a 60-minute time frame. Compare the difference in the RSI with a period value of 200 in the snapshot. ------------------------------------------------------------------------------------------ RSI Candlestick RSI derives its value using only the closing price as a variable. I solved the RSI equation in reverse and tried to include the high and low prices of candlesticks in the equation. As a result, 'if the high or low was the closing price, the value of RSI would be like this' was implemented. Just like when a candle comes down after setting a high price, an upper tail is formed when RSI Candle goes down after setting a high price!! In divergence, we had to look only at the relationship between closing prices, but if we use RSI candles, we can find divergences in highs and highs, and lows and lows. Then enjoy my RSI! ---------------------------------------------------------------------------------------- RSI Advanced 기간값이 14보다 길어질수록 RSI값은 50값에 달라붙게되어서 쓸모가 없어집니다. 또 기간값이 14보다 줄어들수록 과도하게 움직여서 우리는 RSI의 움직임을 보기가 힘듭니다. 그래서 기간 값과 RSI 값을 변수로 사용하여 새로운 함수 식을 통해 RSI 값을 식별하기 편하도록 해보았습니다. 이렇게 RSI Advanced가 개발되었습니다. 기간값이 14보다 낮으면 rsi의 변동폭이 줄어들고, 기간값이 14보다 크면 변동폭이 넓어져 과매수 및 과매도 영역이 제대로 작동하여 추세를 더 잘 볼 수 있습니다. 또한 저는 5분 타임프레임의 기간값이 168(=14*12)인 RSI가 주기 값이 14인 60분 타임프레임의 RSI와 동일한 값을 갖도록 적절한 함수 표현식을 적용하여 RSI를 변경했습니다. 다른 예로, 15분 시간 프레임에서 기간값이 56(=14*4)인 RSI는 60분 시간 프레임의 기간값이 14인 RSI와 동일한 값을 갖습니다. 기간값이 200인 RSI의 차이를 스냅샷에서 비교해보십시오. ----------------------------- RSI Candlestick RSI는 종가만을 변수로 사용하여 값을 도출해냅니다. 저는 RSI 식을 역으로 풀어내어서 캔들스틱의 고가와 저가를 식에 포함시켜보았습니다. 결과적으로, '만약 고가나 저가가 종가였다면 RSI의 값이 이럴것이다'를 구현해내었습니다. 캔들이 고가를 찍고 내려오면 윗꼬리가 생기듯 RSI Candle에서도 고가를 찍고 내려오면 윗꼬리가 생기는겁니다!! 다이버전스 또한 원래는 종가끼리의 관계만 봐야했지만 RSI 캔들을 이용한다면 고가와 고가, 저가와 저가에서도 다이버전스를 발견할 수 있습니다. 그럼 잘 사용해주십시오!!!
Penunjuk Pine Script®
oleh Dicargo_Beam
24
EM_RSI Gradient Candles I've missed the beautiful trend visualization of Heiken Ashi candles ever since I first learned they don't play well with other indicators largely due to the method with which they're plotted. I wanted to color code a gradient onto candles to help visualize trend strength, and the Relative Strength Index was the first thing to come to mind. For coloring, it's possible the new color.from_gradient function would have worked, but I couldn't guarantee a highly customizable indicator with a single gradient so I took a more classic approach. First, RSI was calculated using Tradingview's built-in RSI code. Then I broke down the RSI's range of 1-100 into 10 tiers and assigned each a color option with the ability to turn any particular tier off if desired. I found it to be extremely modular and helpful in visualizing both trend strength and identifying potential trend reversals due to a reduction in strength. You can use it on every candle to help inform decisions, or keep all but <10 and >90 turned off so that it only changes candle color during the most extreme trends. Or anything in between! This is my first self-coded indicator so I'm already proud. Please let me know what you think, and feel free to suggest improvements for future versions in the comments!
Penunjuk Pine Script®
oleh EffyewMoney
8
Matrix Altcoin Perpetual A-BIt is collection of RSI values for following group of altcoins which are listed as perpetual. 1INCHUSDT AAVEUSDT ADAUSDT AKROUSDT ALGOUSDT ALICEUSDT ALPHAUSDT ANKRUSDT ATAUSDT ATOMUSDT AUDIOUSDT AVAXUSDT AXSUSDT BAKEUSDT BALUSDT BANDUSDT BATUSDT BCHUSDT BELUSDT BLZUSDT BNBUSDT BTSUSDT BTTUSDT BZRXUSDT Color Codes: Dark Green : RSI increases from last closure Light Green : RSI increases from last two closure consecutively Dark Red : RSI decreases from last closure Light Red : RSI decreases from last two closure consecutively Idea originator is @MetinCakir. Thx for his great work. All rights permissions had been taken from originator.
Penunjuk Pine Script®
oleh emreyavuz84
4
Investment Protector - A Rule of Thumb V1The Flash Crash of September 8 showed once more how many are falling to greed. On top of it one also add leverage to long positions. It's just insane the risk people are taking. Anyhow, for all my noobies and friends here is a very very simple indicator that shows when NOT to buy nor increase positions and when there is window of opportunities. A few remarks: This script does NOT provide trading signals Merely points out windows of opportunities - candles with green background. You still need to find the entry in this area yourself. Apply geomeric Technical Analysis, use indicators or divergences. Windows of opportunities can still go south, use the stop-loss! (and check for bearish divergence) The script urges you NOT to trade below ema200 of the 4h timeframe, which is marked with a red background (the most smooh timeframe there is). Push yourself to take profits. It is marked with on the cancles to support you. Yes, it could always go higher, but try to avoid to be in a crash (and again, use a stop-loss at all time. You can make it a generous one if you want, fine. As long as you have one.). TA speaking: The scripts uses EMA and RSI only. Bearish divergence will be added in V2. disclaimer: yes, not financial advise. It's educational.
Penunjuk Pine Script®
oleh sparkandhale
1
Momentum-based ZigZag (incl. QQE) NON-REPAINTINGI spent a lot of time searching for the best ZigZag indicator. Difficulty with all of them is that they are always betting on some pre-defined rules which identify or confirm pivot points. Usually it is time factor - pivot point gets confirmed after a particular number of candles. This methodology is probably the best when market is moving relatively slow, but when price starts chopping up and down, there is no way the ZigZag follows accurately. On the other hand if you set it too tight (for example pivot confirmation after only 2 or even 1 candle), you will get hundreds of zigzag lines and they will tell you nothing. My point of view is to follow the market. If it has reversed, then it has reversed, and there is no need to wait pre-defined number of candles for the confirmation. Such reversals will always be visible on momentum indicators, such as the most popular MACD. But a single-line moving average can be also good enough to notice reversals. Or my favourite one - QQE, which I borrowed (and improved) from JustUncleL, who borrowed it from Glaz, who borrowed it from... I don't even know where Quantitative Qualitative Estimation originates from. Thanks to all these guys for their input and code. So whichever momentum indicator you choose - yes, there is a pick-your-poison-type selector as in in-famous Moving Average indicators - once it reverses, a highest (or lowest) point from the impulse is caught and ZigZag gets printed. One thing I need to emphasize. This indicator DOES NOT REPAINT. It might look like the lines are a bit delayed, especially when compared to all the other ZigZag indicators on TradingView, but they are actually TRUE. There is a value in this - my indicator prints pivot points and Zigzag exactly on the moment they have been noticed, not earlier faking to be faster than they could be. As a bonus, the indicator marks which impulse had strength in it. It is very nice to see a progressing impulse, but without force - a very likely that reversal on a bigger move is happening. I'm about to publish some more scripts based on this ZigZag algo, so follow me on TradingView to get notified. Enjoy!
Penunjuk Pine Script®
oleh Peter_O
120
PrivacySmurf's RSIsThe primary RSIs that I use for analysis. Default is a Cyclic Smoothed RSI with adaptive bands. Smoothing according to the market vibration is applied to the RSI to cut out the noise and false signals. Instead of traditional overbought and oversold lines, bands are plotted by measuring the recent cyclic activity. This creates overbought and oversold regions reflective of the current market, thus more responsive and can identify smaller, quicker turns. Price will often react in the direction of the broken bands. Timing using this RSI for bullish entries would be looking for bullish price action candle patterns when the rsi crosses above the bottom band and looking for bearish price action candle patterns when the rsi crosses below the top band. Optional settings available: Traditional RSI Either RSI's with traditional 70/30 bands Alerts for entering overbought and oversold territory Cheers, PrivacySmurf (Sorry for all the reposts. I'm horrible at complying with the TV script publishing guidelines. I hope I got this one right.) ---------------- To get more in-depth information on the Cyclic-Smoothed RSI, please read Chapter 4: "Fine-tuning Technical Indicators" of the book "Decoding the Hidden Market Rhythm, Part 1" by Lars Von Thienen.
Penunjuk Pine Script®
oleh PrivacySmurf
5
+ JMA KDJ with RSI OB/OS SignalsSo, what is the KDJ indicator? If you're familiar with the Stochastic, then you'll know that the two oscillating lines are called the 'K' and 'D' lines. Now you know that this is some sort of implementation of the Stochastic. But, then, what is the J? The 'J' is simply the measure of convergence/divergence of the 'K' and 'D' lines, and the 'J' crossing the 'K' and 'D' lines is representational of the 'K' and 'D' lines themselves crossing. Is this an improvement over simply using the Stochastic as it is? Beats me. I don't use the Stochastic. I stumbled upon the KDJ while surfing around the web, and it sounded cool, so I thought I'd look at it. I do like it a bit more as the 'J' line being far overextended from the other two (usually into overbought/sold territory) does give a clear visual representation of the divergence of the 'K' and 'D' lines, which you might not notice otherwise. So, from that perspective I suppose it is nicer. But let's get to the good stuff now, shall we? What did I do here? Well, first thing you're wondering is why there are only two lines when based on my explanation (or your previous experience with the indicator) there should be three. I found this script here on TV, by x4random, who took the 'K' and 'D' lines and made an average of them, so there is only one line instead of the two. So, fewer lines on the indicator, but still the same usefulness. It was in older TV code, so I took it to version4 and cleaned up the code slightly. His indicator included the RSI ob/os plots, and I thought this was neat (even though the RSI being os/ob doesn't tell you much except that the trend is strong, and you should be buying pullback or selling rallies) so I kept them in. His indicator was also the most visually appealing one that I saw on here, so that attracted me too. Credit to x4random for the indicator, though. Aside from code cleanup and adding the usual bells and whistles (which I will get to) the big thing I did here was change is RMA that he was using for the 'K' and 'D' lines to a Jurik MA's, which smooth a lot of the noise of other moving averages while maintaining responsiveness. This eliminates noise (false signals) while keeping the signals of significance. It took me a while to figure out how to substitute the JMA for the RMA, but thanks to QuantTherapy's "Jurik PPO" indicator I was able to nail down the implementation. One thing you might notice is that there is no input to change signal length. I fiddled with this for a time before sticking to using the period, instead of the signal (thus eliminating the use of the signal input altogether), length to generate the 'K' and 'D' calculations. To make any adjustments other than the period length use the Jurik Power input. You can use the phase input as well, but it has much less of an effect. Everything else I changed is pretty much cosmetic. Candle coloring with the option to color candles based on either the 'J' line or the 'KD' line. color.from_gradients with color inputs to make it beautiful (this is probably my best looking indicator, imo) plots for when crosses occur (really wish there was a way to plot these over candlesticks! If anyone has any suggestions I'd love to see!) I think that's about it. Alerts of course. Enjoy! Below is a comparison chart of my JMA implementation to the original RMA script. You can see how much smoother the JMA version is. Both of these had the default period of 55 set, and the JMA version is using the default settings, while the original version is using a length of 3 for the signal line.
Penunjuk Pine Script®
oleh ClassicScott
15
RSI Divergency and Golden RatioHow to calculate: Positive mismatch finds the lowest trough within the distance you choose. It then compares it to the current closing value. If the past low is above the current closing level, it means that the bottoms of the price are descending. The RSI level at the furthest bottom of the price is detected. And the current RSI level is detected. If the current RSI level is higher than the previous RSI level, there is a positive divergence. When a positive divergence occurs, a green pole forms above the RSI indicator on the chart. Negative finds the highest peak level within the distance you choose. It then compares it to the current closing value. If the past high is below the current close, it means that the highs of the price are rising. The RSI level at the furthest high of the price is detected. And the current RSI level is detected. If the current RSI level is lower than the previous RSI level, there is negative divergence. When a negative divergence occurs, a red pole forms above the RSI indicator on the chart. As can be seen in the image, the points marked with red are the regions where incompatibility occurs. At the same time, the signals that occur when the RSI cuts its own moving average and the signals that occur when the RSI cuts its own golden ratio are also very strong signals. Waiting for your ideas and comments. I am open to criticism. We can improve.
Penunjuk Pine Script®
oleh only_fibonacci
12
MACD-RSI With @LuckyNickVAMACD & RSi Confluence. Great for those who are looking for RSI & macd signals. Highlights volatility & structure points for entering & exiting the market. You have to understand market volatility to understand this concept. So please research more on those subjects before using. But The RSI is the relative strength index it helps you understand the increase in interest in price great for trend trading along with the momentum based indicator. Macd Developed by Gerald Appel, the Moving Average Convergence-Divergence, or MACD, is an oscillator that measures price momentum. The indicator also measures the strength, direction and duration of a trend. Forex traders can use the MACD to confirm an entry price or exit point.
Penunjuk Pine Script®
oleh Nickafella
4
RSI CCI Correlating Oscillator (RCCO) by empowerTRCCO is pronounced "ree-koh" or "rico". The RCCO is simply the plot of the values of both the RSI and CCI added together. The RCCO makes some adjustments though, so that both the RSI and the CCI will fit correctly on the same scale - and so that these adjustments for scale allow reversals to be detected at crossings. When the CCI crosses from underneath to up above the RSI, this is usually a bullish reversal. Alternatively, when the CCI crosses from above to back under the RSI, that usually signals a bearish trend. Look for the widest swings you can find to ensure good momentum. The larger the volume, the clearer and more decisive the trends. Low volume will lead to ranging and lazy momentum. High volume will create clear and forceful trends. The lowest negative RCCO in a timeframe, and then add some high volume... and you have yourself a good setup for a successful trade. Because the RSI and CCI are adjusted, you may not recognize their values from having used the respective indicators on their own. The RSI and CCI values are less important. What matters with this indicator are the crossings and the RCCO value. The RCCO value should be negative, preferably, a deeply negative value. Look at the historical chart for the target per your selected timeframe and decide what values work for you. I hope you enjoy the RCCO and that it can help you become a little más RICO!
Penunjuk Pine Script®
oleh empowerZ
8
SOFTENED RSI DİFFRACTİON BANDSThis indicator takes the moving averages of the rsi values, gives signals in the lower and upper breaks, prevents the rsi upper threshold from signaling above a certain rsi value, as the rsi upper threshold value increases, the number of signals increases and the number of risky signals also increases. As the rsi upper threshold value decreases, the signals decrease and become better quality You can determine the most appropriate threshold value according to the commodity type. bu indikatör rsi değerlerinin hareketli ortalamalarını alır alttan ve üstten kırılımlarında sinyal verir rsi üst eşiği belli bir rsi değerinin üstünde sinyal vermesini engeller rsi üst eşik değeri arttıkça sinyal sayısı artar aynı zamanda riskli sinyal sayısıda artar rsi üst eşik değeri azaldıkça sinyaller azalır ve daha kaliteli hale gelir emtia tipine göre en uygun eşik değerini belirleyebilirsiniz.
Penunjuk Pine Script®
oleh yusufacici
1
Trend Momentum with Buyers / Sellers PowerHi there! With this indicator, you can hunt big trends before they start. This indicator is combined with RSI and Momentum indicators It can show you the power of trend and which side it wants to go It can help you to open a position at the first point of a new trend or at the safe and proven point of the trend, also it can help you to close your position before the trend change its direction (it's not recommended to use it to close your positon, but sometimes it can help you to find the ending point of big pumps) Rules: * Baseline is ZERO ( 0 ) line * When gray line crossover red line, it shows us a powerful uptrend * When the gray line crossunder the red line it shows us a powerful upward trend Signals: * Only use Buy signals(Long) when they are above or crossing-up baseline * Only use Sell signals(Short) when they are under or crossing-down baseline * If they both (red and gray lines) are too high and they suddenly starting to come back to baseline, it shows we have a range trend, the trend is weak or a reversal trend is coming!! !! WARNING: DO NOT USE THIS INDICATOR ALONE !! Suggestions : -Use 1H, 4H, daily, or Weekly timeframes -Use ADX and DI or three WMA's -Use divergence -You can use it for scalping but you need to change the inputs (not recommended) If you have any idea about making new indicators(what information do you want from the chart?), comment please, then I can research and make it for all of us! =)
Penunjuk Pine Script®
oleh Crypto_Checkup
5
Stochastic Weighted RSI w/ Divergence + Signals🐢 Tawtis' Stochastic Weighted Relative Strength Index , aka SWRSI This indicator combines the Stochastic RSI and the classic RSI we all know and love to create a more effective indication of seller/buyer dominance, and in turn, trend. I have named it the "Stochastic Weighted RSI". The script also includes a standard RSI, so you can use both at the same time! Loads of customisation, pretty much every input can be changed to fit your preferences, however, the default settings are what I would personally recommend for the best results. Either way, feel free to change them! By looking at the indicator, you can also establish the trend that may follow in the candles to come. Typically, an indicator reading of over 70 is considered overbought, and an indicator reading of under 30 is considered oversold. The calculations for the SWRSI and its signals take into account a multitude of exponential moving averages, a Stochastic RSI and a classic RSI, among other things. There are 2 types of signals provided by the indicator, being strong and weak. You do not have to follow these, and they aren't always accurate (it's impossible to be accurate 100% of the time), however, they can give a good idea of the trend that will ensue. Strong buy signals are created when: SWRSI is under 30 SWRSI is over the EMA (default 2) of the SWRSI Short EMA (default 20) is under the long EMA (default 50) Strong sell signals are created when: SWRSI is over 70 SWRSI is under the EMA (default 2) of the SWRSI Short EMA (default 20) is over the long EMA (default 50) Weak buy and sell signals are printed as green and red background highlights, and operate the same as the strong buy and sells, without the short/long EMA criterion. Both of these signal types can be toggled off using the settings if you do not want to see them. Enjoy!
Penunjuk Pine Script®
oleh tawtis
Ehlers Modified Relative Strength Index [CC]The Modified Relative Strength Index was created by John Ehlers (Cycle Analytics For Traders pgs 87-88) and this is a typical RSI that uses his roofing filter as the input. He smooths it with his own super smoother filter to provide signals. This indicator is extremely reactive and works in cycles so keep that in mind. I haven't been able to come up with clear buy and sell signals at this point so let me know if you any suggestions but I'm publishing the code to complete my goal of publishing all of his work one day. I will be publishing a bunch of Ehlers scripts in the next few weeks so stay tuned. What I recommend for buy and sell signals at this point are to buy when the indicator goes below the oversold line and starts going up and sell when the indicator goes below the oversold line a second time. Vice versa for sell signals. Let me know if there are any other scripts you would like to see me publish!
Penunjuk Pine Script®
oleh cheatcountry
Pot SizeA little FREE script - which may help people set their trade size and stop levels for bitcoin trades. NOTE :- This script conveys information that requires "indicator arguments" to be turned on. TO USE :- To adjust to your requirements, click the cog wheel next to the indicator, and adjust "POT SIZE" (how much dollar you have), "RISK %" (the percentage of your dollar portfolio you would like to risk on this trade) and "BITCOIN AMOUNT" - until the short and long 'stop' lines are in the right place in your estimation, for a stop loss that represents the risk you want in relation to the current price for this trade. The script takes its reference from the closing price; and doesn't include calculations for spread, fees, true range, and volatility etc. That is left open for anyone to add that if they wish. Anyone using this has to make their own adjustments for such considerations not being in this script and therefore make their own compensations. Anyone wanting to change anything (because values don't go far enough for you) but doesn't know pinescript, can change the numbers next to "defval", "minval", "maxval", and "step" to their suiting in the script itself. If you use this, you have to work out for yourself if it is useful for you or not. If you depend on it, you must have your own confidence that the calculations in it are acceptable and correct for your use, and you should check yourself and seek advice before trusting it. I convey no confidence in these calculations or this script, and they must be assumed to be acceptable by you if you use it. Thanks M
Penunjuk Pine Script®
oleh raymond_red_reddington
2