Combination of Chris Moody's RSI + EMA with the background flashes from the Ultimate MTF RSI. Made by request.
This is a modification of the script by Elgrand (). Using plotshape statement appears to produce a more precise outcome.
Visualize on your chart when price in an oversold or overbought zone. A combination of Rsi and Stochasticrsi is used for higher probability. Wait for an zone to be displayed and then wait for price to exit a zone. Once this happens check candlestick patterns and support/resistance "lines" to find appropiate stoplosses for you entry or exit
Script to visualize the overbought and oversold condition on multiple timeframes. Good way to determine when you have a lower risk for enter a trade or to determine when you need to be on the lookout to sell.
Combined plot of RSI and StochRSI
This is an update that resolves rendering problems with XBTUSD.
RSI MTF Options: -MA -RSI from another timeframe -Uptrend/Downtrend zone -barcolor based on RSI trend
This is my first published script. I hope you find it as useful as I have. This is a modified version of olegnator's RSI script. Enjoy!
Standard RSI with a color changing 9 period SMA and 45 period EMA
v2 changes the way the histogram is plotted. Histogram shows the strength and can be used to identify trending or ranging periods.
Original ASH code from alexgrover Some changes: - Change the price to SMA with Period of 1 with reference to the original MT4 code - Added a few more MAs
Shows RSI divergences in real time (as soon as bar closes in divergence instead of waiting for an RSI pivot). There are alerts included on these events so you are immediately made aware of divergence. Adjustement: It works by detecting a break of a previous high or low and then comparing the RSI value at the last break to the current break. Therefore, by...