B's Multi Time Frame Filled RSI (1m-5m)Plots the 1m, 2m, 3m, 4m and 5m RSIs onto the same indicator.
When a shorter time frame RSI is above a longer time frame RSI, the gap between the two is filled red.
When a shorter time frame RSI is below a longer time frame RSI, the gap between the two is filled green.
Used for easily visualising where the RSIs are relative to each other for intra-day trading, but you can edit the settings to use whatever time frames you like.
Relative Strength Index (RSI)
B's Average RSI (5m-1D)Multiple time frame RSIs plotted onto a single indicator.
Time frames used are:
5m (black)
15m (green)
60m (red)
240m (yellow)
Daily (white)
An average of all of the RSIs (pink)
RSI's are averaged into a single line. Also functions as multiple RSI's.
The pink average line should be used like any other RSI:
Above or below 50 signifies strength and weakness, respectively.
Above 80 and below 20 signal overbought and oversold conditions, respectively.
Baz: Mcdx HeatmapThis indicator is to detect buying and selling momentum based on volume and price action with multiple timeframe mcdx.
Improve version of mcdx to let you see clearly real-time changes in 15mins, 30mins, 1h, 2h, 4h, 1D of the mcdx value.
Heatmap:
Green > Yellow > Orange > Red = Retailer shifting to banker
How it works?
The color subsides based on the resolution of chart, for example
We should focus on larger timeframe, which is >50 on the heatmap. Giving a clear signal that banker is still involved.
For value <50 on heatmap, you get faster signal without changing to smaller timeframe getting all the mcdx value, which save us a lot of time to look at bigger picture what is going on.
For example,
Lets check on each timeframe chart, starting from 15mins
For 15mins and 30min chart, mcdx is < 50
For 1H chart, mcdx is about 50
For 2H, 4H 1D, mcdx > 90
Multiple Screeners with AlertsI already published few version of my custom screeners. Unfortunately, because of TradingView's security function call limit you can't use more than 40 stocks in 1 screener.
Fortunately, you can compute multiple values in your function and screen few indicators at once.
In this script I show how you can compute 5 indicators at the same time for 40 instruments. I display then in different labels.
Every label consist of list of instruments satisfying current indicator conditions and a value for it. It can be absolute value as for RSI or -1/1 representing Bullish/Bearish event.
Also you can create 1 alert with result of all screeners inside.
In this example I took 5 indicators with following conditions:
RSI - "RSI < 30" or "RSI > 70"
TSI - "TSI < -30" or "RSI >30"
ADX - "ADX > 40"
MACD - "MACD Bullish Cross" or "MACD Bearish Cross" (1 and -1 in screener)
AO - "AO Crosses 0 UP" or "AO Crosses 0 DOWN" (1 and -1 in screener)
Params
- bars_apart - this parameter define how may bars apart you labels are on your chart. If you see labels overlapping, increase this number.
- Parameters for all used indicators
- 40 symbol inputs for instruments you want to use in this screener
Alerts
You can create an alert from it easily by selecting screener name from the list and then selecting "Any alert() function call".
No additional configuration is required, message and alert on close is generated in the code.
You should better change default name for your alert. Sometimes because of big amount of inputs you might receive an error.
Disclaimer
Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as good as in historical backtesting.
This post and the script don’t provide any financial advice.
rsi and macdRSI and MACD in the chart:
- small circles -> oversold/overbought
- big circles -> oversold/overbought rising/falling
- small diamonds -> macd over/under signal with macd over/under zero
Please comment if you have an idea to improve it ;)
All in one [Liubam]Hey tradingviewers!
This is an All in one Indicator for those who can't add too many indicators on your charts. Inspired by ©LonesomeTheBlue "Indicators all in one" script. I found a lot of very interesting scripts on the public library and I decided to make a tool with some of the greatest IMO, adding some modifications to improve the indicators. With this tool you can plot 1 of 6 different indicators by selecting it from a drop-down list (on the indicator settings).
All the credit goes to it's respective owners (taggeds).
THIS INDICATOR INCLUDES:
1. Classic RSI with some OB/OS tools:
The relative strength index (RSI) is a popular momentum indicator displayed as an oscillator (a line graph that moves between two extremes) that measures the magnitude of recent price changes to evaluate overbought or oversold conditions, in other words it shows signals about bullish and bearish price momentum. I added some visual improvements to help you finding the OB/OS zones.
2. Classic CCI with some OB/OS tools.
The Commodity Channel Index (CCI) is a momentum-based oscillator used as market indicator to help determine market movements that may indicate buying or selling. Added some vistual improvements to the chart.
3. ADX and DMI oscillator with the keylevel coded by @console:
The Average Directional Index (ADX) is non-directional indicator used by some traders to determine the strength of a trend. When the ADX line is rising (Above the keylevel) trend strength is increasing, and the price moves in the direction of the trend whether up or down. Otherwise, low ADX (Below the keylevel) is usually a sign of accumulation or distribution (Range). Non-trending doesn't mean the price isn't moving. It may not be, but the price could also be making a trend change or is too volatile for a clear direction to be present.
Suggested settings of the keylevel is 23-25.... REMEMBER: The trend may be your friend.
4. MFI
The Money Flow Index (MFI) is a technical oscillator for identifying overbought or oversold signals in an asset. Unlike conventional oscillators such as the RSI, the Money Flow Index incorporates both price and volume data, as opposed to just price. It can also be used to spot divergences which warn of a trend change in price.
5. Stochastic:
A stochastic oscillator is range-bound, meaning it is always between 0 and 100. This makes it a useful indicator of overbought and oversold conditions. Traditionally, readings over 80 are considered in the overbought range, and readings under 20 are considered oversold. However, these are not always indicative of impending reversal; very strong trends can maintain overbought or oversold conditions for an extended period. Instead, traders should look to changes in the stochastic oscillator for clues about future trend shifts. I added some features for this popular indicator to show the stochastic crosses.
6. The famous Squeeze momentum Indicator made by @Lazybear:
This is derivate of John Carter's "TTM Squeeze" volatility indicator and its very strong when using with trending indicator such a ADX. Black line (or no-line) on the midline show that the market just entered a squeeze ( Bollinger Bands are with in Keltner Channel). This signifies low volatility , market preparing itself for an explosive move (up or down). Gray line signify "Squeeze release". Mr.Carter suggests waiting till the gray line after a blackline, and taking a position in the direction of the momentum (for ex., if momentum value is above zero, go long). Exit the position when the momentum changes.
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This script is source code protected, but you can add to your favorite list to use it. Also you can add twice to use 2 different indicators at the same time (E.g. Squeeze Momentum Indicator + ADX)
An additional indicator I made (MA Hunterz + InfoPanel) is needed to not miss good entry points.
Your valuable comment and feedback is much appreciated...
And remember indicators can be really helpfull but always use Price Action.
Redbear MACD + RSIHello . I make script that combine MACD and RSI
Green area is BUY SELL signal when rsi >45
you can custom parameter .
Multi-timeframe Dashboard for RSI And Stochastic RSI Dashboard to check multi-timeframe RSI and Stochastic RSI on 4h, 8h, 12h, D and W
Great side tool to assist on the best time to buy and sell and asset.
Shows a green arrow on a good buy moment, and a red when to sell, for all timeframes. In case there are confluence on more than one, you have the info that you need.
Uses a formula with a weight of 5 for RSI and 2 for Stochastic RSI, resulting on a factor used to set up a color for each of the timeframes.
Legend per each timeframe:
- Blue: Excellent buy, RSI and Stoch RSI are low
- Green: Great buy, RSI and Stoch RSI with a quite positive entry point
- White: Good buy
- Yellow: A possible sell, depending on combination of timeframes. Not recommended for a buy
- Orange: Good sell, depending on combination of timeframes
- Red: If on more than one timeframe, especially higher ones, it is a good time to sell
For reference (But do your own research):
- Blue on Weekly: Might represent several weeks of growth. Lower timeframes will cycle from blue to red, while daily and Weekly gradually change
- Blue on Daily: Might represent 7-15 days of growth, depending on general resistance and how strongly is the weekly
PS: Check the RSI, Stochastic RSI and other indicators directly as well
Entry master RSI pullbackSimply using a single RSI and placing a signal after it crosses the 50 level after being overbought or oversold in the same direction.
RSI+The Relative Strength Index can be used to determine Overbought and Oversold market conditions. This RSI+ indicator is set to a length faster then normal and changes color depending on momentum. When the RSI is Overbought a red shadow appears to indicate a sell is setting up. When the RSI is Oversold a green shadow appears to indicate a buy is setting up
Stochastic RSIA formula based Stochastic RSI escaping Trading View's internal indicator modules
Uses custom
- RSI
- RMA
- STOCHASTIC
Altered True Strength Indicator (TSI) Reupload-
Altered TSI provides a slightly more volatile signal that demonstrates extremities in price action with greater success than standard TSI. In addition, I added bull/bear cross indicators (green/red) to make it easier to notice the crosses to save time when the market is moving fast (I couldn't find a regular TSI script with this addition). Finally, the signal also has overextension parameters (red and green lines)
I think this is best used on Intraday time frames as the signals respond to volatility very well and using Heikin Ashi candles, trend is more visual. In this particular example, I am showing SPY on the 3m time chart (my favorite short time frame) and the signal alone provided many opportunities for trades when using simple divergences and countering overextension direction when short term (blue) signal crosses either
In the first example (purple lines), SPY ramps but it was a dull signal given the signal strength flatlining- we would be looking for a short entry. When the signal fires, it provides a clean $1.50 move down in spy.
In the second example (orange), the blue signal provides a nice V shape (rebound signal) in which we are looking for a long entry. 390.50 is a strong SPY support in confluence with 2nd std dev VWAP extension, but disregarding that bull signal fires resulting in a 2 dollar move upwards. Exit is provided when blue line crosses green overextension.
In the third example (white), we are searching for a short entry at 392.5 resistance in confluence with divergently higher highs. Bear cross signal when fired and a significant cross is visible provides a $2.50 move to the downside with a potential exit provided when blue line crosses red overextension line in confluence with previous LOD area.
In the fourth example (green), we watch as the blue line provides a V pattern, we are searching for a long entry. If you didn't take a riskier long at 2nd std dev VWAP overextension with V recovery on blue line at red overextension for a ride to vwap, then you are looking for a secondary entry long as you wouldn't take the trade at resistance (vwap). Bullishly divergent lows provide this entry and the signal does not bear cross at all (but looking for significant crosses is more important even if the signal were to make a minor bear cross). Bullishly divergent double bottom provides a long entry to end of day with a nice clean signal for a $5.00 move until eod or when signal crosses overextension range.
Ideally, close to the money options or SPY/SPXS/SPXL are best used in the intraday time frame.
Again, this is not a standalone indicator but it's best used in conjunction with other indicators/trading strategies
Any questions feel free to comment
Color Changing Moving Average
Hello everybody!
I'm not much of a coder but I do make indicators for myself for fun sometimes and found this one super cool. Hope it helps!
Basically it's a moving average that changes colors based on the trend. How does it do it, you may ask? Simply put, it checks and makes sure that the open and close price is above the moving average, then it checks and sees if the 50-period RSI (length adjustable) is above 50. If both conditions are met, the moving average turns green. Simple as that.
If the price is below the moving average and the RSI is below 50, the moving average turns red.
If the price is above the moving average but the RSI is below 50, the line is grey and I advise to simply waiting for the trend direction to be decided. Likewise, if the price is below the moving average, but the RSI is above 50, the line is also grey.
This is NOT a comprehensive system, and the changing color of the moving average does not indicate a buy or sell signal. It simply indicates that the price is trending. You should use your own entry and exit strategy, such as the MACD, Wave Trend, Schaff Trend Cycle, etc.
As well, I would recommend waiting for confirmation of a trend change when the color changes, since in a range price can cross multiple times before deciding on the right direction.
The slope of the moving average can help too, since in a range the moving average is typically flat.
I would recommend using a fixed risk to reward ratio, to limit emotions. But, this would also help with a trend-following strategy due to the trend filter functionality.
The length of the moving average is adjustable, as well as the RSI period- though I wouldn't recommend selecting an RSI lower than 30 because it will whipsaw more. Disabling the EMA option will give you an SMA that does the same thing as the EMA. You can also disable the RSI filter and simply have a moving average that changes color when the price is above/below- but that's pretty boring, huh?
Anyways, hope this helps, happy trading everybody :)
Bollinger Bands + RSI Alerts for 3commas/DCA botHey Folks !
This is in indicator that generates buy alerts combining Bollinger Bands and RSI.
RSI validates the BB signal by confirming we are not in an oversold area.
Interval: 3m to 15m
Recommended settings for 3commas DCA bot
- TP/TTP: 0.3%/0.1%,
- Base Order: Your choice ,
- Safety Order: 1.2 * Your choice of base order
- Safety Order Volume Scale: 1.2,
- Safety Order Step Scale: 1.5,
- Price Deviation to Open Safety Order (% from initial order): 0.25%,
- Max Safety Trades Count: 7
- DO NOT USE STOP LOSS
> Create Alert with Buy Alert and link it to "Message for deal start signal"
Multiple Alerts by MortyMultiple Alerts by Morty
Version 1.0, Updated at 20210322
When the following signals meet the conditions, alerts will be triggered.
close price cross SMA
SMA_fast cross SMA_slow
MACD cross signal
RSI overbought and oversold
close price cross Bollinger Bands
Momentum cross 0 level
This script will also plot two MAs, EMA default ( SMA optional ).