🎯SNİPER_MÜCAHİT_ATAOGLUThe 🎯SNIPER_MÜCAHİT_ATAOGLU indicator is a divergence-focused RSI tool designed to pinpoint momentum reversals with precision:
RSI “Sniper” Calculation
Computes a smoothed RSI-style oscillator (“sniper”) using a running moving average of positive and negative price changes, scaled between 0–50–100 for clarity.
Fractal-Based Peak & Trough Detection
Identifies local tops and bottoms via 5-bar fractals, ensuring divergences anchor to significant swing points.
Regular & Hidden Divergence Signals
Regular Bear/Bull Divergences: Signals when price and the sniper oscillator form higher highs vs. lower highs (bear) or lower lows vs. higher lows (bull) at fractal points.
Hidden Divergences (optional): Flags continuation setups when price makes lower highs but oscillator makes higher highs (hidden bear) or higher lows but oscillator dips (hidden bull).
Visual Customization
Neon-style color palette and thick lines optimized for dark themes.
Optional background fills highlight overbought (red fill above 30) and oversold (green fill below 20) zones.
Fractal points and divergence markers use distinct neon shapes and labels for instant readability.
Multi-Timeframe Signal Table
On-chart table shows the latest divergence signal, how many bars ago it occurred, and the current sniper value across 15 m, 45 m, 4 h, 1 d, 1 w, and 1 M timeframes—enabling quick MTF decision-making.
Alerts
Built-in alerts for regular and hidden bullish/bearish divergences, ensuring you never miss a high-probability setup.
Rsi_divergence
MTF RSI Divergence📈 MTF RSI Divergence — 실전용 멀티타임프레임 RSI 다이버전스 전략
🚀 RSI 다이버전스 기반 자동매매 필터 전략 (with EMA, CVD, Trend Sync)
RSI 기반 멀티타임프레임 신호를 다양한 필터와 결합하여 만든 실전용 신호 엔진입니다.
This is a multi-timeframe RSI divergence strategy combined with EMA, CVD and trend filters — designed for real trading.
🧠 주요 특징 | Key Features
🔹 **멀티타임프레임 RSI 다이버전스 감지**
• 5분, 15분, 1시간, 4시간, 일봉에서 RSI(5) 다이버전스 감지
• 가격과 RSI 간 고점/저점 불일치 탐지
→ Detects RSI(5) divergences across 5M, 15M, 1H, 4H, 1D timeframes
→ Identifies mismatches between price highs/lows and RSI
🔹 **고급 추세 필터링 (EMA 기반)**
• EMA200으로 추세 필터링
• EMA50/EMA200 교차로 상위 타임프레임 추세 동기화
• 상승/하락장 조건 분리로 신호 노이즈 제거
→ Uses EMA200 as trend filter
→ Aligns lower timeframe with higher trend via EMA crossover
→ Removes noise by detecting uptrend/downtrend conditions
🔹 **로컬 CVD 수급 필터 (외부 소스 없이)**
• CVD(누적 매수/매도량) 로컬 계산
• SMA 비교로 강한 매수/매도 압력만 필터링
→ Calculates local CVD without external sources
→ Filters strong buy/sell pressure by comparing CVD delta and SMA
🔹 **시각적 라벨링 (🚀 / ☁️)**
• 타임프레임별 매수/매도 다이버전스를 시각화
• 🚀 = 강한 매수 신호 / ☁️ = 강한 매도 신호
→ Bull/Bear divergences shown directly on chart
→ 🚀 = bullish signal / ☁️ = bearish signal
📄 제작자 정보 | About the Creator
👤 제작자: 박시완 (Siwan Park)
프론트엔드 및 트레이딩 시스템 개발자.
RSI 다이버전스 기반의 실전 트레이딩 전략을 분석하고 자동화하는 데 집중하고 있습니다.
→ Creator: Siwan Park
Frontend & automated trading system developer.
Focused on designing practical RSI divergence-based strategies and integrating them into live trading workflows.
• github: github.com
Hidden Bullish Divergence [1H]Detects hidden bullish divergence on the 1-hour timeframe using RSI. It will plot a label when conditions are met. Watch for the green label under a candle — this indicates hidden bullish divergence.
Multi-Confluence Swing Hunter V1# Multi-Confluence Swing Hunter V1 - Complete Description
Overview
The Multi-Confluence Swing Hunter V1 is a sophisticated low timeframe scalping strategy specifically optimized for MSTR (MicroStrategy) trading. This strategy employs a comprehensive point-based scoring system that combines optimized technical indicators, price action analysis, and reversal pattern recognition to generate precise trading signals on lower timeframes.
Performance Highlight:
In backtesting on MSTR 5-minute charts, this strategy has demonstrated over 200% profit performance, showcasing its effectiveness in capturing rapid price movements and volatility patterns unique to MicroStrategy's trading behavior.
The strategy's parameters have been fine-tuned for MSTR's unique volatility characteristics, though they can be optimized for other high-volatility instruments as well.
## Key Innovation & Originality
This strategy introduces a unique **dual scoring system** approach:
- **Entry Scoring**: Identifies swing bottoms using 13+ different technical criteria
- **Exit Scoring**: Identifies swing tops using inverse criteria for optimal exit timing
Unlike traditional strategies that rely on simple indicator crossovers, this system quantifies market conditions through a weighted scoring mechanism, providing objective, data-driven entry and exit decisions.
## Technical Foundation
### Optimized Indicator Parameters
The strategy utilizes extensively backtested parameters specifically optimized for MSTR's volatility patterns:
**MACD Configuration (3,10,3)**:
- Fast EMA: 3 periods (vs standard 12)
- Slow EMA: 10 periods (vs standard 26)
- Signal Line: 3 periods (vs standard 9)
- **Rationale**: These faster parameters provide earlier signal detection while maintaining reliability, particularly effective for MSTR's rapid price movements and high-frequency volatility
**RSI Configuration (21-period)**:
- Length: 21 periods (vs standard 14)
- Oversold: 30 level
- Extreme Oversold: 25 level
- **Rationale**: The 21-period RSI reduces false signals while still capturing oversold conditions effectively in MSTR's volatile environment
**Parameter Adaptability**: While optimized for MSTR, these parameters can be adjusted for other high-volatility instruments. Faster-moving stocks may benefit from even shorter MACD periods, while less volatile assets might require longer periods for optimal performance.
### Scoring System Methodology
**Entry Score Components (Minimum 13 points required)**:
1. **RSI Signals** (max 5 points):
- RSI < 30: +2 points
- RSI < 25: +2 points
- RSI turning up: +1 point
2. **MACD Signals** (max 8 points):
- MACD below zero: +1 point
- MACD turning up: +2 points
- MACD histogram improving: +2 points
- MACD bullish divergence: +3 points
3. **Price Action** (max 4 points):
- Long lower wick (>50%): +2 points
- Small body (<30%): +1 point
- Bullish close: +1 point
4. **Pattern Recognition** (max 8 points):
- RSI bullish divergence: +4 points
- Quick recovery pattern: +2 points
- Reversal confirmation: +4 points
**Exit Score Components (Minimum 13 points required)**:
Uses inverse criteria to identify swing tops with similar weighting system.
## Risk Management Features
### Position Sizing & Risk Control
- **Single Position Strategy**: 100% equity allocation per trade
- **No Overlapping Positions**: Ensures focused risk management
- **Configurable Risk/Reward**: Default 5:1 ratio optimized for volatile assets
### Stop Loss & Take Profit Logic
- **Dynamic Stop Loss**: Based on recent swing lows with configurable buffer
- **Risk-Based Take Profit**: Calculated using risk/reward ratio
- **Clean Exit Logic**: Prevents conflicting signals
## Default Settings Optimization
### Key Parameters (Optimized for MSTR/Bitcoin-style volatility):
- **Minimum Entry Score**: 13 (ensures high-conviction entries)
- **Minimum Exit Score**: 13 (prevents premature exits)
- **Risk/Reward Ratio**: 5.0 (accounts for volatility)
- **Lower Wick Threshold**: 50% (identifies true hammer patterns)
- **Divergence Lookback**: 8 bars (optimal for swing timeframes)
### Why These Defaults Work for MSTR:
1. **Higher Score Thresholds**: MSTR's volatility requires more confirmation
2. **5:1 Risk/Reward**: Compensates for wider stops needed in volatile markets
3. **Faster MACD**: Captures momentum shifts quickly in fast-moving stocks
4. **21-period RSI**: Reduces noise while maintaining sensitivity
## Visual Features
### Score Display System
- **Green Labels**: Entry scores ≥10 points (below bars)
- **Red Labels**: Exit scores ≥10 points (above bars)
- **Large Triangles**: Actual trade entries/exits
- **Small Triangles**: Reversal pattern confirmations
### Chart Cleanliness
- Indicators plotted in separate panes (MACD, RSI)
- TP/SL levels shown only during active positions
- Clear trade markers distinguish signals from actual trades
## Backtesting Specifications
### Realistic Trading Conditions
- **Commission**: 0.1% per trade
- **Slippage**: 3 points
- **Initial Capital**: $1,000
- **Account Type**: Cash (no margin)
### Sample Size Considerations
- Strategy designed for 100+ trade sample sizes
- Recommended timeframes: 4H, 1D for swing trading
- Optimal for trending/volatile markets
## Strategy Limitations & Considerations
### Market Conditions
- **Best Performance**: Trending markets with clear swings
- **Reduced Effectiveness**: Highly choppy, sideways markets
- **Volatility Dependency**: Optimized for moderate to high volatility assets
### Risk Warnings
- **High Allocation**: 100% position sizing increases risk
- **No Diversification**: Single position strategy
- **Backtesting Limitation**: Past performance doesn't guarantee future results
## Usage Guidelines
### Recommended Assets & Timeframes
- **Primary Target**: MSTR (MicroStrategy) - 5min to 15min timeframes
- **Secondary Targets**: High-volatility stocks (TSLA, NVDA, COIN, etc.)
- **Crypto Markets**: Bitcoin, Ethereum (with parameter adjustments)
- **Timeframe Optimization**: 1min-15min for scalping, 30min-1H for swing scalping
### Timeframe Recommendations
- **Primary Scalping**: 5-minute and 15-minute charts
- **Active Monitoring**: 1-minute for precise entries
- **Swing Scalping**: 30-minute to 1-hour timeframes
- **Avoid**: Sub-1-minute (excessive noise) and above 4-hour (reduces scalping opportunities)
## Technical Requirements
- **Pine Script Version**: v6
- **Overlay**: Yes (plots on price chart)
- **Additional Panes**: MACD and RSI indicators
- **Real-time Compatibility**: Confirmed bar signals only
## Customization Options
All parameters are fully customizable through inputs:
- Indicator lengths and levels
- Scoring thresholds
- Risk management settings
- Visual display preferences
- Date range filtering
## Conclusion
This scalping strategy represents a comprehensive approach to low timeframe trading that combines multiple technical analysis methods into a cohesive, quantified system specifically optimized for MSTR's unique volatility characteristics. The optimized parameters and scoring methodology provide a systematic way to identify high-probability scalping setups while managing risk effectively in fast-moving markets.
The strategy's strength lies in its objective, multi-criteria approach that removes emotional decision-making from scalping while maintaining the flexibility to adapt to different instruments through parameter optimization. While designed for MSTR, the underlying methodology can be fine-tuned for other high-volatility assets across various markets.
**Important Disclaimer**: This strategy is designed for experienced scalpers and is optimized for MSTR trading. The high-frequency nature of scalping involves significant risk. Past performance does not guarantee future results. Always conduct your own analysis, consider your risk tolerance, and be aware of commission/slippage costs that can significantly impact scalping profitability.
TableRSI and Ichimoku Strength Table
This indicator displays whole-number RSI values (1h, 4h, 1d, 3d, 1w) and Ichimoku strengths (Conversion Line, Base Line, Cloud, Lagging Span) in a customizable table. Toggle between horizontal (9x2) or vertical (2x10) layouts, with adjustable position (e.g., Top Right), text size (Tiny to Large), and colors (border, header, text, RSI: >70 red, <30 green, 30-70 yellow; Ichimoku: >50 green, <50 red). Ichimoku components are plotted on the chart. It offers a clear view of momentum and trend strength for traders.
Advanced Moving Average ChannelAdvanced Moving Average Channel (MAC) is a comprehensive technical analysis tool that combines multiple moving average types with volume analysis to provide a complete market perspective.
Key Features:
1. Dynamic Channel Formation
- Configurable moving average types (SMA, EMA, WMA, VWMA, HMA, TEMA)
- Separate upper and lower band calculations
- Customizable band offsets for precise channel adjustment
2. Volume Analysis Integration
- Multi-timeframe volume analysis (1H, 24H, 7D)
- Relative volume comparison against historical averages
- Volume trend detection with visual indicators
- Price-level volume distribution profile
3. Market Context Indicators
- RSI integration for overbought/oversold conditions
- Channel position percentage
- Volume-weighted price levels
- Breakout detection with visual signals
Usage Guidelines:
1. Channel Interpretation
- Price within channel: Normal market conditions
- Price above upper band: Potential overbought condition
- Price below lower band: Potential oversold condition
- Channel width: Indicates market volatility
2. Volume Analysis
- High relative volume (>150%): Strong market interest
- Low relative volume (<50%): Weak market interest
- Volume trend arrows: Indicate increasing/decreasing market participation
- Volume profile: Shows price levels with highest trading activity
3. Trading Signals
- Breakout arrows: Potential trend continuation
- RSI extremes: Confirmation of overbought/oversold conditions
- Volume confirmation: Validates price movements
Customization:
- Adjust MA length for different market conditions
- Modify band offsets for tighter/looser channels
- Fine-tune volume analysis parameters
- Customize visual appearance
This indicator is designed for traders who want to combine price action, volume analysis, and market structure in a single, comprehensive tool.
RSI Divergence Indicator - Trading VidhyalayaThis indicator automatically identifies RSI-based bullish and bearish divergences and visually marks them directly on the candlestick chart, making it easier for traders to spot potential reversals.
✅ Key Features:
Bullish Divergence
When the price makes a lower low, but the RSI makes a higher low, the indicator highlights the candle with a green arrow or label to signal potential upward reversal.
Bearish Divergence
When the price makes a higher high, but the RSI forms a lower high, the indicator marks the candle with a red arrow or label to indicate a possible downside move.
Real-time Detection
Divergences are plotted in real-time, helping traders react quickly to changing market conditions.
Candlestick Overlay
Signals are shown directly on the chart, rather than below in a separate panel, allowing for faster and clearer decision-making.
📊 Benefits:
Helps in identifying early trend reversals
Works well with other indicators like MACD, Moving Averages, or Volume
Great for both beginners and advanced traders
Saves time by automating divergence spotting, reducing manual errors
Adaptive Strength MACD [UM]Indicator Description
Adaptive Strength MACD is an adaptive variant of the classic MACD that uses a customized Strength Momentum moving average for both its oscillator and signal lines. This makes the indicator more responsive in trending conditions and more stable in sideways markets.
Key Features
1. Adaptive Strength Momentum MA
Leverages the Adaptive Momentum Oscillator to scale smoothing coefficients dynamically.
2. Trend-Validity Filters
Optional ADX filter ensures signals only fire when trend strength (ADX) exceeds a user threshold.
3. Directional Filter (DI+) confirms bullish or bearish momentum.
4. Color-Coded Histogram
5. Bars turn bright when momentum accelerates, faded when slowing.
6. Grayed out when trend filters disqualify signals.
7. Alerts
Bullish crossover (histogram from negative to positive) and bearish crossover (positive to negative) only when filters validate trend.
Comparison with Regular MACD
1. Moving Averages
Classic MACD uses fixed exponential moving averages (EMAs) for its fast and slow lines, so the smoothing factor is constant regardless of how strong or weak price momentum is.
Adaptive Strength MACD replaces those EMAs with a dynamic “Strength Momentum” MA that speeds up when momentum is strong and slows down in quiet or choppy markets.
2. Signal Line Smoothing
In the classic MACD, the signal is simply an EMA of the MACD line, with one user-selected period.
In the Adaptive Strength MACD , the signal line also uses the Strength Momentum MA on the MACD series—so both oscillator and signal adapt together to the underlying momentum strength.
3. Responsiveness to Momentum
A static EMA reacts the same way whether momentum is surging or fading; you either get too-slow entries when momentum spikes or too-fast whipsaws in noise.
The adaptive MA in your indicator automatically gives you quicker crossovers when there’s a trending burst, while damping down during low-momentum chop.
4. Trend Validation Filters
The classic MACD has no built-in mechanism to know whether price is actually trending versus ranging—you’ll see crossovers in both regimes.
Adaptive Strength MACD includes optional ADX filtering (to require a minimum trend strength) and a DI filter (to confirm bullish vs. bearish directional pressure). When those filters aren’t met, the histogram grays out to warn you.
5. Histogram Coloring & Clarity
Typical MACD histograms often use two colors (above/below zero) or a simple ramp but don’t distinguish accelerating vs. decelerating moves.
Your version employs four distinct states—accelerating bulls, decelerating bulls, accelerating bears, decelerating bears—plus a gray “no-signal” state when filters fail. This makes it easy at a glance to see not just direction but the quality of the move.
6. False-Signal Reduction
Because the classic MACD fires on every crossover, it can generate whipsaws in ranging markets.
The adaptive MA smoothing combined with ADX/DI gating in your script helps suppress those false breaks and keeps you focused on higher-quality entries.
7. Ideal Use Cases
Use the classic MACD when you need a reliable, well-understood trend-following oscillator and you’re comfortable manually filtering choppy signals.
Choose Adaptive Strength MACD \ when you want an all-in-one, automated way to speed up in strong trends, filter out noise, and receive clearer visual cues and alerts only when conditions align.
How to Use
1. Setup
- Adjust Fast and Slow Length to tune sensitivity.
- Change Signal Smoothing to smooth the histogram reaction.
- Enable ADX/DI filters and set ADX Threshold to suit your preferred trend strength (default = 20).
2. Interpretation
- Histogram > 0: Short‐term momentum above long‐term → bullish.
- Histogram < 0: Short‐term below long‐term → bearish.
- Faded greyed bars indicate a weakening move; gray bars show filter invalidation.
How to Trade
Buy Setup:
- Histogram crosses from negative to positive.
- ADX ≥ threshold and DI+ > DI–.
- Look for confirmation (bullish candlestick patterns or support zone).
Sell Setup:
- Histogram crosses from positive to negative.
- ADX ≥ threshold and DI– > DI+.
- Confirm with bearish price action (resistance test or bearish pattern).
Stop & Target
- Place stop just below recent swing low (long) or above recent swing high (short).
- Target risk–reward of at least 1:2, or trail with a shorter‐period adaptive MA.
RSI with Divergences and Trendlines by zenDisplays the standard Relative Strength Index (RSI). The RSI period, line color, and thickness are customizable by the user (defaulting to a 14-period, thin black line).
Includes traditional horizontal lines at the 70 (overbought) and 30 (oversold) levels. The background area between these levels is filled with a customizable color (defaulting to a transparent black).
The indicator intelligently analyzes the RSI's own movements to identify significant recent turning points (peaks and troughs).
It then automatically draws short trendline segments directly on the RSI chart. These lines connect recent, consecutive RSI turning points, dynamically highlighting the indicator's internal structure and immediate directional momentum.
Users can configure the sensitivity used to detect these RSI turning points via 'Pivot Lookback' settings. You can also customize the maximum number of recent trendlines displayed for upward and downward RSI movements (default is 5 each), as well as their colors and width.
These on-RSI trendlines do not extend into the future.
RSI BAND – RSI-Based Support & Resistance Levels📃 Description
RSI BAND is an original technical analysis tool that builds support and resistance levels based on the RSI (Relative Strength Index) indicator. This script is designed to enhance traders' understanding of RSI behavior and provide potential price zones where reversals or continuations may occur.
🔍 What it does
Calculates and visualizes horizontal levels on the price chart corresponding to RSI-based thresholds (e.g., RSI = 40, 50, 60).
Calculates and visualizes horizontal levels on the price chart corresponding to RSI's EMA9 & WMA45.
Detects pivot highs and lows in the RSI and marks corresponding price levels.
🎯 Key Features
🔺 RSI Resistance (e.g., RSI 60) and 🔻 RSI Support (e.g., RSI 40) levels calculated as price zones.
📉 Real-time calculation of price levels that correspond to RSI EMA (9) and RSI WMA (45).
🌀 Detects RSI Pivot Lows and Pivot Highs.
🎯 Includes alerts for Pivot points.
🧩 Fully configurable visibility and styling options for each plotted level.
🔬 How to read data
✅ How to Use
Use this indicator to:
See price action at key RSI levels (40, 50, 60) and RSI's EMA & WMA: For setting up reversal entries.
Identify RSI's pivot points at overbought or oversold levels: For setting up divergence entries.
📊 Visualizing RSI-Based Levels for Price Action
This script plots key RSI-based levels directly onto the chart, such as RSI support, resistance, and the 50-level, to help traders to easily see price action at key RSI zones.
The RSI Resistance and RSI Support levels (such as RSI = 60 and RSI = 40), RSI's EMA9 & WMA45 are plotted on the chart. These levels act as significant price action zones, where traders can anticipate potential reactions from the price based on the RSI's behavior.
By visualizing these levels as plots on the chart, traders can quickly see where price is in relation to these key RSI thresholds, allowing them to make more informed decisions when the price approaches these zones. For example, if the price is near the RSI resistance zone (RSI = 60), it might indicate a potential resistance area where the price could face selling pressure.
By utilizing these RSI-based plots, this script provides a clear, visual representation of key levels, enabling traders to make quicker and more confident decisions in relation to the price action and RSI dynamics.
🧠 Underlying Logic
The script uses standard RSI calculation (length = 14), combined with a reverse-engineered formula to calculate the required price change to reach a specific RSI value. This unique approach creates realistic price levels aligned with RSI expectations, unlike traditional static zones.
Function to calculate price from RSI level:
f_calc_target_price(targetRSI, close_price, avgGain, avgLoss, rsiLength) =>
targetRS = 100 / (100 - targetRSI) - 1
if targetRSI >= 50
requiredGain = targetRS * avgLoss - avgGain
requiredChange = requiredGain * rsiLength
close_price + requiredChange
else
requiredLoss = avgGain / targetRS - avgLoss
requiredChange = requiredLoss * rsiLength
close_price - requiredChange
Depending on whether the target RSI is above or below 50:
If RSI ≥ 50, the function estimates the additional gain needed to raise the RSI to the target, and adds the corresponding value to the current price.
If RSI < 50, it estimates the required loss and subtracts that value from the current price.
⚠️ Important Notes
Pivot Detection Offset: The script uses an offset of 3 bars to identify pivot points. This means that the pivot high and low points are calculated using the values from 3 bars before the current one. As a result, the pivot points may appear slightly delayed compared to the most recent price action.
No Lookahead Bias: The script does not rely on future data (lookahead bias). It strictly uses past price information for all calculations to maintain accuracy and avoid misleading results. The pivot points are plotted after the price has already formed, ensuring that the script does not predict future price movement but rather reacts to established patterns.
Vinicius Setup ATR
Description:
This script is a strategy based on the Supertrend indicator combined with volume analysis, candle strength, and RSI. Its goal is to identify potential entry points for buy and sell trades based on technical criteria, without promising profitability or guaranteed results.
Script Components:
Supertrend: Used as the main trend compass. When the trend is positive (direction = 1), buy signals are considered; when negative (direction = -1), sell signals are considered.
Volume: Entries are only validated if the volume is above the average of the last 20 candles, adjusted with a 1.2 multiplier.
Candle Body: The candle body must be larger than a certain percentage of the ATR, ensuring sufficient strength and volatility.
RSI: Used as a filter to avoid trades in extreme overbought or oversold zones.
Support and Resistance: Identified based on simple pivots (5 periods before and after).
Customizable Parameters:
ATR Length and Multiplier: Controls the sensitivity of the Supertrend.
RSI Period: Adjusts the relative strength filter.
Minimum Volume and Candle Body: Settings to validate entry signals.
Entry Conditions:
Buy: Positive trend + strong candle + high volume + RSI below 70.
Sell: Negative trend + strong candle + high volume + RSI above 30.
Exit Conditions:
The trade is closed upon the appearance of an opposite signal.
Notes:
This is a technical system with no profit guarantees.
It is recommended to test with realistic capital values and parameters suited to your risk management.
The script is not optimized for specific profitability, but rather to support study and the construction of setups with objective criteria.
RSI Forecast [Titans_Invest]RSI Forecast
Introducing one of the most impressive RSI indicators ever created – arguably the best on TradingView, and potentially the best in the world.
RSI Forecast is a visionary evolution of the classic RSI, merging powerful customization with groundbreaking predictive capabilities. While preserving the core principles of traditional RSI, it takes analysis to the next level by allowing users to anticipate potential future RSI movements.
Real-Time RSI Forecasting:
For the first time ever, an RSI indicator integrates linear regression using the least squares method to accurately forecast the future behavior of the RSI. This innovation empowers traders to stay one step ahead of the market with forward-looking insight.
Highly Customizable:
Easily adapt the indicator to your personal trading style. Fine-tune a variety of parameters to generate signals perfectly aligned with your strategy.
Innovative, Unique, and Powerful:
This is the world’s first RSI Forecast to apply this predictive approach using least squares linear regression. A truly elite-level tool designed for traders who want a real edge in the market.
⯁ SCIENTIFIC BASIS LINEAR REGRESSION
Linear Regression is a fundamental method of statistics and machine learning, used to model the relationship between a dependent variable y and one or more independent variables 𝑥.
The general formula for a simple linear regression is given by:
y = β₀ + β₁x + ε
Where:
y = is the predicted variable (e.g. future value of RSI)
x = is the explanatory variable (e.g. time or bar index)
β0 = is the intercept (value of 𝑦 when 𝑥 = 0)
𝛽1 = is the slope of the line (rate of change)
ε = is the random error term
The goal is to estimate the coefficients 𝛽0 and 𝛽1 so as to minimize the sum of the squared errors — the so-called Random Error Method Least Squares.
⯁ LEAST SQUARES ESTIMATION
To minimize the error between predicted and observed values, we use the following formulas:
β₁ = /
β₀ = ȳ - β₁x̄
Where:
∑ = sum
x̄ = mean of x
ȳ = mean of y
x_i, y_i = individual values of the variables.
Where:
x_i and y_i are the means of the independent and dependent variables, respectively.
i ranges from 1 to n, the number of observations.
These equations guarantee the best linear unbiased estimator, according to the Gauss-Markov theorem, assuming homoscedasticity and linearity.
⯁ LINEAR REGRESSION IN MACHINE LEARNING
Linear regression is one of the cornerstones of supervised learning. Its simplicity and ability to generate accurate quantitative predictions make it essential in AI systems, predictive algorithms, time series analysis, and automated trading strategies.
By applying this model to the RSI, you are literally putting artificial intelligence at the heart of a classic indicator, bringing a new dimension to technical analysis.
⯁ VISUAL INTERPRETATION
Imagine an RSI time series like this:
Time →
RSI →
The regression line will smooth these values and extend them n periods into the future, creating a predicted trajectory based on the historical moment. This line becomes the predicted RSI, which can be crossed with the actual RSI to generate more intelligent signals.
⯁ SUMMARY OF SCIENTIFIC CONCEPTS USED
Linear Regression Models the relationship between variables using a straight line.
Least Squares Minimizes the sum of squared errors between prediction and reality.
Time Series Forecasting Estimates future values based on historical data.
Supervised Learning Trains models to predict outputs from known inputs.
Statistical Smoothing Reduces noise and reveals underlying trends.
⯁ WHY THIS INDICATOR IS REVOLUTIONARY
Scientifically-based: Based on statistical theory and mathematical inference.
Unprecedented: First public RSI with least squares predictive modeling.
Intelligent: Built with machine learning logic.
Practical: Generates forward-thinking signals.
Customizable: Flexible for any trading strategy.
⯁ CONCLUSION
By combining RSI with linear regression, this indicator allows a trader to predict market momentum, not just follow it.
RSI Forecast is not just an indicator — it is a scientific breakthrough in technical analysis technology.
⯁ Example of simple linear regression, which has one independent variable:
⯁ In linear regression, observations ( red ) are considered to be the result of random deviations ( green ) from an underlying relationship ( blue ) between a dependent variable ( y ) and an independent variable ( x ).
⯁ Visualizing heteroscedasticity in a scatterplot against 100 random fitted values using Matlab:
⯁ The data sets in the Anscombe's quartet are designed to have approximately the same linear regression line (as well as nearly identical means, standard deviations, and correlations) but are graphically very different. This illustrates the pitfalls of relying solely on a fitted model to understand the relationship between variables.
⯁ The result of fitting a set of data points with a quadratic function:
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🥇 This is the world’s first RSI indicator with: Linear Regression for Forecasting 🥇_______________________________________________________________________
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🔮 Linear Regression: PineScript Technical Parameters 🔮
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Forecast Types:
• Flat: Assumes prices will remain the same.
• Linreg: Makes a 'Linear Regression' forecast for n periods.
Technical Information:
ta.linreg (built-in function)
Linear regression curve. A line that best fits the specified prices over a user-defined time period. It is calculated using the least squares method. The result of this function is calculated using the formula: linreg = intercept + slope * (length - 1 - offset), where intercept and slope are the values calculated using the least squares method on the source series.
Syntax:
• Function: ta.linreg()
Parameters:
• source: Source price series.
• length: Number of bars (period).
• offset: Offset.
• return: Linear regression curve.
This function has been cleverly applied to the RSI, making it capable of projecting future values based on past statistical trends.
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⯁ WHAT IS THE RSI❓
The Relative Strength Index (RSI) is a technical analysis indicator developed by J. Welles Wilder. It measures the magnitude of recent price movements to evaluate overbought or oversold conditions in a market. The RSI is an oscillator that ranges from 0 to 100 and is commonly used to identify potential reversal points, as well as the strength of a trend.
⯁ HOW TO USE THE RSI❓
The RSI is calculated based on average gains and losses over a specified period (usually 14 periods). It is plotted on a scale from 0 to 100 and includes three main zones:
• Overbought: When the RSI is above 70, indicating that the asset may be overbought.
• Oversold: When the RSI is below 30, indicating that the asset may be oversold.
• Neutral Zone: Between 30 and 70, where there is no clear signal of overbought or oversold conditions.
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⯁ ENTRY CONDITIONS
The conditions below are fully flexible and allow for complete customization of the signal.
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🔹 CONDITIONS TO BUY 📈
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• Signal Validity: The signal will remain valid for X bars .
• Signal Sequence: Configurable as AND or OR .
📈 RSI Conditions:
🔹 RSI > Upper
🔹 RSI < Upper
🔹 RSI > Lower
🔹 RSI < Lower
🔹 RSI > Middle
🔹 RSI < Middle
🔹 RSI > MA
🔹 RSI < MA
📈 MA Conditions:
🔹 MA > Upper
🔹 MA < Upper
🔹 MA > Lower
🔹 MA < Lower
📈 Crossovers:
🔹 RSI (Crossover) Upper
🔹 RSI (Crossunder) Upper
🔹 RSI (Crossover) Lower
🔹 RSI (Crossunder) Lower
🔹 RSI (Crossover) Middle
🔹 RSI (Crossunder) Middle
🔹 RSI (Crossover) MA
🔹 RSI (Crossunder) MA
🔹 MA (Crossover) Upper
🔹 MA (Crossunder) Upper
🔹 MA (Crossover) Lower
🔹 MA (Crossunder) Lower
📈 RSI Divergences:
🔹 RSI Divergence Bull
🔹 RSI Divergence Bear
📈 RSI Forecast:
🔮 RSI (Crossover) MA Forecast
🔮 RSI (Crossunder) MA Forecast
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🔸 CONDITIONS TO SELL 📉
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• Signal Validity: The signal will remain valid for X bars .
• Signal Sequence: Configurable as AND or OR .
📉 RSI Conditions:
🔸 RSI > Upper
🔸 RSI < Upper
🔸 RSI > Lower
🔸 RSI < Lower
🔸 RSI > Middle
🔸 RSI < Middle
🔸 RSI > MA
🔸 RSI < MA
📉 MA Conditions:
🔸 MA > Upper
🔸 MA < Upper
🔸 MA > Lower
🔸 MA < Lower
📉 Crossovers:
🔸 RSI (Crossover) Upper
🔸 RSI (Crossunder) Upper
🔸 RSI (Crossover) Lower
🔸 RSI (Crossunder) Lower
🔸 RSI (Crossover) Middle
🔸 RSI (Crossunder) Middle
🔸 RSI (Crossover) MA
🔸 RSI (Crossunder) MA
🔸 MA (Crossover) Upper
🔸 MA (Crossunder) Upper
🔸 MA (Crossover) Lower
🔸 MA (Crossunder) Lower
📉 RSI Divergences:
🔸 RSI Divergence Bull
🔸 RSI Divergence Bear
📉 RSI Forecast:
🔮 RSI (Crossover) MA Forecast
🔮 RSI (Crossunder) MA Forecast
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🤖 AUTOMATION 🤖
• You can automate the BUY and SELL signals of this indicator.
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⯁ UNIQUE FEATURES
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Linear Regression: (Forecast)
Signal Validity: The signal will remain valid for X bars
Signal Sequence: Configurable as AND/OR
Condition Table: BUY/SELL
Condition Labels: BUY/SELL
Plot Labels in the Graph Above: BUY/SELL
Automate and Monitor Signals/Alerts: BUY/SELL
Linear Regression (Forecast)
Signal Validity: The signal will remain valid for X bars
Signal Sequence: Configurable as AND/OR
Condition Table: BUY/SELL
Condition Labels: BUY/SELL
Plot Labels in the Graph Above: BUY/SELL
Automate and Monitor Signals/Alerts: BUY/SELL
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📜 SCRIPT : RSI Forecast
🎴 Art by : @Titans_Invest & @DiFlip
👨💻 Dev by : @Titans_Invest & @DiFlip
🎑 Titans Invest — The Wizards Without Gloves 🧤
✨ Enjoy!
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o Mission 🗺
• Inspire Traders to manifest Magic in the Market.
o Vision 𐓏
• To elevate collective Energy 𐓷𐓏
RSI Full [Titans_Invest]RSI Full
One of the most complete RSI indicators on the market.
While maintaining the classic RSI foundation, our indicator integrates multiple entry conditions to generate more accurate buy and sell signals.
All conditions are fully configurable, allowing complete customization to fit your trading strategy.
⯁ WHAT IS THE RSI❓
The Relative Strength Index (RSI) is a technical analysis indicator developed by J. Welles Wilder. It measures the magnitude of recent price movements to evaluate overbought or oversold conditions in a market. The RSI is an oscillator that ranges from 0 to 100 and is commonly used to identify potential reversal points, as well as the strength of a trend.
⯁ HOW TO USE THE RSI❓
The RSI is calculated based on average gains and losses over a specified period (usually 14 periods). It is plotted on a scale from 0 to 100 and includes three main zones:
Overbought: When the RSI is above 70, indicating that the asset may be overbought.
Oversold: When the RSI is below 30, indicating that the asset may be oversold.
Neutral Zone: Between 30 and 70, where there is no clear signal of overbought or oversold conditions.
⯁ ENTRY CONDITIONS
The conditions below are fully flexible and allow for complete customization of the signal.
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🔹 CONDITIONS TO BUY 📈
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• Signal Validity: The signal will remain valid for X bars .
• Signal Sequence: Configurable as AND/OR .
📈 RSI Conditions:
🔹 RSI > Upper
🔹 RSI < Upper
🔹 RSI > Lower
🔹 RSI < Lower
🔹 RSI > Middle
🔹 RSI < Middle
🔹 RSI > MA
🔹 RSI < MA
📈 MA Conditions:
🔹 MA > Upper
🔹 MA < Upper
🔹 MA > Lower
🔹 MA < Lower
📈 Crossovers:
🔹 RSI (Crossover) Upper
🔹 RSI (Crossunder) Upper
🔹 RSI (Crossover) Lower
🔹 RSI (Crossunder) Lower
🔹 RSI (Crossover) Middle
🔹 RSI (Crossunder) Middle
🔹 RSI (Crossover) MA
🔹 RSI (Crossunder) MA
🔹 MA (Crossover) Upper
🔹 MA (Crossunder) Upper
🔹 MA (Crossover) Lower
🔹 MA (Crossunder) Lower
📈 RSI Divergences:
🔹 RSI Divergence Bull
🔹 RSI Divergence Bear
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🔸 CONDITIONS TO SELL 📉
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• Signal Validity: The signal will remain valid for X bars .
• Signal Sequence: Configurable as AND/OR .
📉 RSI Conditions:
🔸 RSI > Upper
🔸 RSI < Upper
🔸 RSI > Lower
🔸 RSI < Lower
🔸 RSI > Middle
🔸 RSI < Middle
🔸 RSI > MA
🔸 RSI < MA
📉 MA Conditions:
🔸 MA > Upper
🔸 MA < Upper
🔸 MA > Lower
🔸 MA < Lower
📉 Crossovers:
🔸 RSI (Crossover) Upper
🔸 RSI (Crossunder) Upper
🔸 RSI (Crossover) Lower
🔸 RSI (Crossunder) Lower
🔸 RSI (Crossover) Middle
🔸 RSI (Crossunder) Middle
🔸 RSI (Crossover) MA
🔸 RSI (Crossunder) MA
🔸 MA (Crossover) Upper
🔸 MA (Crossunder) Upper
🔸 MA (Crossover) Lower
🔸 MA (Crossunder) Lower
📉 RSI Divergences:
🔸 RSI Divergence Bull
🔸 RSI Divergence Bear
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🤖 AUTOMATION 🤖
• You can automate the BUY and SELL signals of this indicator.
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⯁ UNIQUE FEATURES
______________________________________________________
Signal Validity: The signal will remain valid for X bars
Signal Sequence: Configurable as AND/OR
Condition Table: BUY/SELL
Condition Labels: BUY/SELL
Plot Labels in the Graph Above: BUY/SELL
Automate and Monitor Signals/Alerts: BUY/SELL
Signal Validity: The signal will remain valid for X bars
Signal Sequence: Configurable as AND/OR
Condition Table: BUY/SELL
Condition Labels: BUY/SELL
Plot Labels in the Graph Above: BUY/SELL
Automate and Monitor Signals/Alerts: BUY/SELL
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📜 SCRIPT : RSI Full
🎴 Art by : @Titans_Invest & @DiFlip
👨💻 Dev by : @Titans_Invest & @DiFlip
🎑 Titans Invest — The Wizards Without Gloves 🧤
✨ Enjoy the Spell!
______________________________________________________
o Mission 🗺
• Inspire Traders to manifest Magic in the Market.
o Vision 𐓏
• To elevate collective Energy 𐓷𐓏
RSI + MA + Divergence + SnR + Price levelOverview
This indicator combines several technical analysis tools to give traders a comprehensive view based on the RSI indicator. Its main features include:
RSI & Moving Averages on RSI:
RSI: Calculates the RSI based on the closing price (or a user-selected source) with a configurable period (default is 14).
EMA and WMA: Computes and plots an Exponential Moving Average (EMA with a period of 9) and a Weighted Moving Average (WMA with a period of 45) on the RSI, helping to smooth out signals and better identify trends.
Price Ladder Based on RSI:
Draws horizontal lines at specified target RSI levels (from targetRSI1 to targetRSI7, default levels ranging from 20 to 80).
Calculates a target price based on the price change relative to the averaged gains and losses, providing an estimated price level when the RSI reaches those critical levels.
Divergence Detection:
Identifies divergence between price and RSI:
Bullish Divergence: Detected when the price forms a lower low but RSI fails to confirm with a corresponding lower low, with the RSI falling under a configurable threshold (d_below).
Bearish Divergence: Detected when the price forms a higher high while the RSI does not, with the RSI exceeding a configurable upper threshold (d_upper).
Optionally displays labels on the chart to alert the trader when divergence signals are detected.
Auto Support & Resistance on RSI:
Automatically calculates and plots support and resistance lines based on the RSI over different lookback periods (e.g., 34, 89, 200 bars).
Helps traders identify key RSI levels where price reversals or breakouts might occur.
Benefits for the Trader
This indicator is designed to assist traders in their decision-making process by integrating multiple technical analysis elements:
Identifying Market Trends:
By combining the RSI with its moving averages (EMA, WMA), traders can better assess market trends and the strength of these trends, thereby improving trade entry accuracy.
Early Reversal Signals via Divergence:
Divergence signals (both bullish and bearish) can help forecast potential reversals in the market, allowing traders to adjust their strategies timely.
Determining RSI-Based Support/Resistance Levels:
Automatic identification of support and resistance levels on the RSI provides key areas where a price reversal or breakout may occur, assisting traders in setting stop-loss and take-profit levels strategically.
Price Target Forecasting with the Price Ladder:
The target price labels calculated at important RSI levels provide insights into potential price objectives, aiding in risk management and profit planning.
Flexible Configuration:
Traders can customize key parameters such as the RSI period, lengths for EMA and WMA, target RSI levels, divergence conditions, and support/resistance settings. This flexibility allows the indicator to adapt to different trading styles and strategies.
How to read data
Some use-cases
Used to estimate price according to the RSI level.
When you trade using RSI, you want to set your stop-loss or take-profit levels based on RSI. By looking at the price ladder, you know the corresponding price level to enter a trade.
Used to determine the entry zone.
RSI often reacts to its own previously established support/resistance levels. Use the Auto SnR feature to identify those zones.
Used to determine the trend.
RSI and its moving averages help identify the price trend:
Uptrend: 3 lines separate and point upward.
Downtrend: 3 lines separate and point downward.
Use WMA45 to determine the trend:
Uptrend: WMA45 is moving upward or trading above the 50 level.
Downtrend: WMA45 is moving downward or trading below the 50 level.
Sideways: WMA45 is trading around the 50 level.
Use EMA9 to confirm the trend: A crossover of EMA9 through WMA45 confirms the formation of a new trend.
Configuration
The script allows users to configure a number of important parameters to suit their analytical preferences:
RSI Settings:
RSI Length (rsiLengthInput): The number of periods used to compute the RSI (default is 14, adjustable as needed).
RSI Source (rsiSourceInput): Select the price source (default is the closing price).
RSI Color (rsiClr): The color used to display the RSI line.
Moving Averages on RSI:
EMA Length (emaLength): The period for calculating the EMA on RSI (default is 9).
WMA Length (wmaLength): The period for calculating the WMA on RSI (default is 45).
EMA Color (emaClr) and WMA Color (wmaClr): Customize the colors of the EMA and WMA lines.
Price Ladder Settings:
Toggle Price Ladder (showPrice): Enable or disable the display of the price ladder.
Target RSI Levels: targetRSI1 through targetRSI7: RSI values at which target prices are calculated (default values range from 20, 30, 40, 50, 60, 70 to 80).
Price Label Color (priceColor): The text color for displaying the target price labels.
Divergence Settings:
Divergence Toggle (calculateDivergence): Option to enable or disable divergence calculation and display.
Divergence Conditions:
d_below: RSI level below which bullish divergence is considered.
d_upper: RSI level above which bearish divergence is considered.
Display Divergence Labels (showDivergenceLabel): Option to display labels on the chart when divergence is detected.
Auto Support & Resistance on RSI:
Toggle Auto S&R (enableAutoSnR): Enable or disable automatic plotting of support and resistance levels.
Lookback Periods for Support/Resistance:
L1_lookback: Lookback period for level 1 (e.g., 34 bars).
L2_lookback: Lookback period for level 2 (e.g., 89 bars).
L3_lookback: Lookback period for level 3 (e.g., 200 bars).
Support and Resistance Colors:
rsiSupportClr: Color for the support line.
rsiResistanceClr: Color for the resistance line.
Alerts:
Divergence Alerts: Alert conditions are set up to notify the trader when bullish or bearish divergence is detected, aiding in timely decision-making.
Volume-RSI Colored Bars
The Volume Indicator, used in conjunction with the embedded Relative Strength Index (RSI), is a powerful tool for making informed trading decisions. Let’s break down how this indicator works and how it can assist you in your trading strategy.
Volume Indicator:
The Volume Indicator tracks the volume of trades occurring in a specific timeframe. Volume shows the number of shares or contracts traded, which can reveal the strength of a price move. If price is moving higher with increasing volume, it generally confirms that the move has more strength, indicating the potential for continuation. Conversely, if the price is moving lower with increasing volume, it indicates strong bearish momentum.
Volume Clusters:
In the chart, we can see various volume clusters highlighted in green, red, and grey. The green bars represent high volume, which can signal strong buying pressure. The red bars represent low volume, signaling that selling pressure is low. Grey bars indicate average volume.
High Volume (Green Bars): High buying pressure, indicating that there may be a strong move in the direction of the price.
Low Volume (Red Bars): Potential signal for a weak move, indicating a lack of participation in the current trend.
RSI (Relative Strength Index):
RSI is a momentum oscillator that indicates whether a market is overbought or oversold. The RSI ranges from 0 to 100, with readings above 70 suggesting an overbought market and readings below 30 suggesting an oversold market.
The RSI is also embedded in the indicator to give a better context when combined with volume. It adds an extra layer of analysis to interpret the price action.
How to Use Volume Indicator with RSI:
Confirming Breakouts:
If you see a breakout in price (an upward movement or downward movement) and the volume indicator shows high volume, this confirms the strength of the breakout.
If the RSI also supports the breakout (for example, it is crossing above 50 or above 70 for an uptrend), it further validates the trade.
Identifying Reversals:
When the price is reaching overbought or oversold levels (RSI above 70 or below 30) and there is low volume (red bars), this may indicate a potential reversal.
If the price is oversold and RSI shows values below 30 with increasing volume (green bars), this could signal a potential buying opportunity as a reversal might occur.
Volume Divergence:
If the price is making new highs, but the volume is declining (red bars), it may signal weakness in the trend, despite the RSI indicating strength. This divergence can help traders anticipate a potential reversal or breakout.
Example from the Chart:
Strong Buy Signal: The price is making an upward movement, the volume bars are turning green (indicating strong buying pressure), and RSI is rising above 50.
Bearish Divergence: You may see RSI moving higher, but volume bars are turning red (indicating weak momentum). This could signal that the upward movement lacks strength, suggesting a potential reversal.
By combining these two indicators, the Volume Indicator and the RSI, traders can make more informed decisions on whether the current trend is sustainable, or if a reversal or breakout is likely.
In conclusion, using the Volume Indicator and RSI together allows for:
Identifying high-volume breakouts and reversals
Filtering out weak price movements
Confirming trends with volume and momentum
This combination enhances trading strategies by providing clear signals of market strength or weakness, helping traders optimize their entry and exit points effectively.
RSI with Bollinger Bands and Buy/Sell SignalsPurpose:
This indicator combines the Relative Strength Index (RSI) with Bollinger Bands to identify overbought and oversold conditions in the market. It also generates buy and sell signals based on the interaction between the RSI and the Bollinger Bands. It is particularly useful for traders looking for opportunities in volatile or trending markets.
How It Works:
RSI (Relative Strength Index):
The RSI measures the magnitude of recent price changes to evaluate whether an asset is overbought (values > 70) or oversold (values < 30).
In this indicator, horizontal lines at levels 70 (overbought) and 30 (oversold) are used as reference points.
Bollinger Bands:
Bollinger Bands are calculated around a smoothed moving average of the RSI. The upper band represents dynamic overbought levels, while the lower band indicates dynamic oversold levels.
These bands automatically adjust their width based on the volatility of the RSI, allowing them to adapt to different market conditions.
Buy and Sell Signals:
Buy Signal: A buy signal is generated when the RSI exceeds both the upper Bollinger Band and the overbought level (70). This suggests that the asset is in an extreme bullish phase.
Sell Signal: A sell signal is generated when the RSI falls below both the lower Bollinger Band and the oversold level (30). This suggests that the asset is in an extreme bearish phase.
Alerts:
The indicator includes automatic alerts to notify you when buy or sell signals are generated. This allows traders to act quickly on new opportunities.
Best Practices:
Confirmation in Lower Timeframes:
Although this indicator is powerful, it is recommended to confirm signals in lower timeframes before making trading decisions. For example:
If you receive a buy signal on a 4-hour chart, check if the RSI and Bollinger Bands on lower timeframes (such as 1 hour or 15 minutes) also show bullish signals.
This reduces the risk of false positives and increases the accuracy of your entries.
Use in Trends:
This indicator works best in markets with clear trends. In sideways or low-volatility markets, signals may be less reliable due to the lack of directional momentum.
Risk Management:
Always use stop-loss and take-profit to protect your positions. Buy and sell signals are just one tool for analysis; they do not guarantee results.
Combination with Other Indicators:
To improve accuracy, consider combining this indicator with others, such as MACD, Stochastic Oscillator, or Japanese candlestick patterns. This can provide additional confirmation before opening a position.
Summary:
The RSI + Bollinger Bands with Buy/Sell Signals indicator is an advanced tool designed to identify entry and exit points in the market based on extreme overbought and oversold conditions. However, to maximize its effectiveness, it is crucial to confirm signals in lower timeframes and use it in combination with other technical analysis tools. With proper risk management and careful interpretation of signals, this indicator can be a valuable ally in your trading strategy.
RSI Divergence[UgurTash] – Real-Time📈 RSI Divergence – Real-Time, Adaptive, and Intelligent RSI Divergence Detection
🚀 What Does This Indicator Do?
RSI Divergence is a real-time divergence detection tool that helps traders identify bullish and bearish divergences between price and the Relative Strength Index (RSI). Unlike traditional RSI-based indicators, this script offers:
✅ Real-time detection – No need to wait for bar closes or repainting.
✅ Dynamic time-frame adaptation – The script automatically adjusts RSI settings based on the selected chart time frame.
✅ Multi-layered divergence analysis – Supports short-term, medium-term, and long-term divergence detection with an optional all-term mode that dynamically selects the best configuration.
🛠 How Does It Work?
Pivot-Based Divergence Detection:
The script analyzes pivot points on both price and RSI to determine valid divergences.
Bullish divergence occurs when price forms a lower low but RSI trends higher, indicating potential upward momentum.
Bearish divergence occurs when price forms a higher high but RSI trends lower, signaling possible weakness.
Adaptive RSI Calculation:
The RSI length is dynamically adjusted based on the chosen time frame:
Short-Term: RSI (7) for 1-5 min charts.
Medium-Term: RSI (14) for 15-60 min charts.
Long-Term: RSI (28) for 4H+ charts.
In All-Term Mode, the script automatically determines the best RSI length based on the active chart timeframe.
Smart Visualization & Alerts:
Bullish divergences are marked with green lines & labels.
Bearish divergences are highlighted in red.
Users can customize symbol size, divergence labels, and colors.
Instant alerts notify traders as soon as a divergence is detected.
🎯 How to Use This Indicator?
📌 For Trend Reversals: Look for bullish divergences at key support levels and bearish divergences at resistance zones.
📌 For Trend Continuation: Combine divergence signals with moving averages, volume analysis, or price action strategies to confirm trades.
📌 For Scalping & Swing Trading: Adjust the time-frame settings to match your trading style.
🏆 What Makes This Indicator Original?
🔹 Unlike standard RSI divergence indicators, this script features real-time analysis with no repainting, allowing for instant trading decisions.
🔹 The time-frame adaptive RSI makes it dynamic and suitable for any market condition.
🔹 The multi-term divergence detection offers flexibility, giving traders a precise view of both short-term & long-term market structure.
⚠ Note: No indicator guarantees 100% accuracy. Always use additional confirmations and sound risk management strategies.
If you find this tool useful, don’t forget to support & share! 🚀
TTC EMA Scalping Machine with RSI Filter and MACDTTC EMA Scalping Machine with RSI Filter and MACD
TTC EMA Scalping Machine with RSI Filter and MACD is a multi-layered technical analysis tool designed for traders looking to scalp the markets with a combination of trend-following and momentum-based indicators. This strategy leverages Exponential Moving Averages (EMAs) , Relative Strength Index (RSI) , MACD , and Volume Analysis to help traders identify high-probability entry points for short and long trades. The indicator can be used in multiple market conditions and is suited for both beginners and experienced traders looking for clear entry signals.
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Key Features :
1. EMA-Based Trend Filtering :
- The indicator uses four Exponential Moving Averages (EMAs) with different periods:
- EMA 10 (Short-Term) : The fastest-moving average for detecting quick price movements.
- EMA 20 (Medium-Term) : A central trendline for market momentum.
- EMA 30 (Long-Term) : To observe broader market trends.
- EMA 50 (Longest-Term) : To identify the overall market direction.
- These EMAs are plotted on the chart and used to create EMA bands , visually displaying potential support and resistance levels. Price action inside these bands helps identify scalping opportunities.
2. RSI Filter :
- RSI (Relative Strength Index) is used to gauge overbought and oversold conditions in the market:
- Overbought condition (RSI > 70) : The market may be overextended, signaling the possibility of a short.
- Oversold condition (RSI < 30) : The market may be undervalued, signaling the possibility of a long.
- The RSI filter ensures that trades are not taken when the market is overextended, offering a more conservative approach to trade entries.
3. MACD Momentum Analysis :
- The MACD (Moving Average Convergence Divergence) indicator is included to confirm the trend and momentum direction:
- Long Condition : The MACD line crosses above the signal line, confirming a bullish momentum.
- Short Condition : The MACD line crosses below the signal line, confirming a bearish momentum.
- This serves as an additional filter to verify if the market momentum aligns with the long or short entry criteria.
4. Long Entry (Buy Signal) :
- A long entry signal is triggered when the following conditions are met:
- The price is above EMA 20 (indicating an overall bullish market).
- The price is within the green EMA band (EMA 10 and EMA 20), suggesting short-term support.
- The RSI is below 70 (indicating the market is not overbought).
- The MACD line is above the signal line , showing bullish momentum.
- These conditions combined suggest an ideal environment for entering a long position.
5. Short Entry (Sell Signal) :
- A short entry signal is triggered when the following conditions are met:
- The price is below EMA 20 (indicating an overall bearish market).
- The price is within the green EMA band (EMA 20 and EMA 30), suggesting short-term resistance.
- The RSI is above 30 (indicating the market is not oversold).
- The MACD line is below the signal line , showing bearish momentum.
- These conditions combined suggest an ideal environment for entering a short position.
6. Signal Alerts :
- Long Alerts : Users can set alerts to notify them when a long condition is met. These alerts are triggered when all the criteria for a long entry are satisfied.
- Short Alerts : Similarly, users can set alerts for short signals, notifying them when all the conditions for a short entry are satisfied.
7. EMA Bands :
- The EMA bands are visually represented with colored fills between the EMAs, providing a visual aid to recognize potential trading zones. These zones can serve as a reference for traders to make quick decisions regarding entries and exits.
8. Volume Filter :
- The indicator also includes a volume filter , which compares the current volume to its 20-period simple moving average. Higher volumes provide confirmation of price movement, which can indicate stronger potential for the trade.
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How It Works :
- Long Trades : The indicator suggests a long position when the price is above the EMA 20, within the green EMA band, the RSI is not overbought, and MACD confirms bullish momentum (MACD line above the signal line).
- Short Trades : The indicator suggests a short position when the price is below the EMA 20, within the green EMA band, the RSI is not oversold, and MACD confirms bearish momentum (MACD line below the signal line).
- Volume Confirmation : The indicator uses a volume-based filter to ensure the trade is backed by sufficient market participation.
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Usage :
- Best for Scalping : This strategy is designed for short-term trades ( scalping ) and can be applied to any time frame, though it works best on intraday charts, such as 5-minute or 15-minute charts.
- Ideal for Trend-Following : With the use of EMAs and MACD, the strategy is best suited for markets that exhibit clear trends. It helps to avoid whipsaw trades and focuses on capturing medium-term trends.
- Risk Management : By using RSI, MACD, and volume analysis together, this strategy reduces the likelihood of entering a trade in an overextended market, which helps with risk management.
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Alerts and Signals :
- Long Signals : When all conditions are met for a long trade, a green label appears below the price bar, indicating a potential buy opportunity. An alert is also generated, notifying the user.
- Short Signals : When all conditions are met for a short trade, a red label appears above the price bar, indicating a potential sell opportunity. An alert is also generated, notifying the user.
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This combination of EMA , RSI , MACD , and volume-based filters creates a balanced approach to scalping, ensuring that traders receive clear, actionable entry signals with trend confirmation, while avoiding overbought and oversold conditions that may lead to false signals. The indicator is designed to help traders confidently identify high-probability trades while maintaining simplicity and clarity in its setup.
ZenAlgo - WavesZenAlgo - Waves is an advanced technical analysis indicator designed to refine trading decisions through a unique combination of multiple methodologies. By integrating Wave-like oscilator, RSI+MFI, and a dynamic Extra Moving Average (MA), it provides a structured approach to trend analysis and momentum detection. Unlike standalone indicators, this tool synchronizes multiple perspectives to provide holistic view and reduce noise.
Purpose and Justification for Integration
ZenAlgo - Waves strategically integrates multiple methodologies to provide trend validation. This indicator goes beyond standalone calculations by layering:
Original Wave Oscillator: Used to detect market momentum shifts and overbought/oversold conditions, further filtered by additional trend confirmation layers.
RSI + MFI Fusion: Introduces price-volume relationship validation, reducing misleading momentum reading.
Dynamic Extra Moving Average (MA): Acts as an adaptive trend filter, ensuring signals align with prevailing market direction rather than reacting to noise.
Divergence Detection: Contextualized divergence detection for both Wave and RSI+MFI.
Multi-Timeframe Trend Table: Facilitates confirmation across different timeframes, helping traders validate trade setups.
Attribution & Originality
ZenAlgo - Waves is an independently developed indicator that builds upon well-known technical analysis techniques while introducing significant enhancements. Unlike traditional WaveTrend indicator, it replaces the fixed constants of the original WaveTrend approach with a dynamic formula based on standard deviation , allowing for more adaptive and responsive calculations.
Additionally, this script integrates Ehlers' Super Smoother Filter , a highly regarded smoothing technique pioneered by John F. Ehlers and freely available for public use. Beyond these foundations, ZenAlgo - Waves incorporates proprietary logic and unique enhancements, setting it apart from conventional alternatives.
If you're seeking an exact replication of WaveTrend, please note that this indicator follows a distinct methodology, producing different calculations and outputs.
How to Use
Identify Key Zones: Observe Wave oscillator values to detect potential overbought and oversold conditions, which may vary based on settings.
Check RSI+MFI Histogram: Confirm momentum strength—bullish (increasing green bars) or bearish (increasing red bars).
Assess Trend via Extra MA: Use the Extra Moving Average to determine overall trend direction.
Look for Divergences: Identify divergences between price action and Wave/RSI+MFI for potential reversals.
Monitor Multi-Timeframe Trend Table: Check for alignment across timeframes for additional confirmation.
Set Alerts for Key Conditions: Configure alerts for Wave crossovers, divergences, and Extra MA state changes.
Analyze Conditions Before Making Decisions: The indicator does not execute trades. Traders should use it as a confirmation tool alongside a broader strategy.
Detailed Explanation of Calculation Logic
ZenAlgo - Waves builds on established wave-based oscillator principles, fine-tuning them for greater adaptability:
Baseline & Difference: Computes a smoothed average of the price source (e.g., HLC3) and measures the difference (or "deviation") between the current price and this baseline.
Volatility Scaling: Uses standard deviation to capture market volatility instead of relying on a static multiplier.
Normalization & Smoothing: Processes the resulting ratio into an oscillator, helping identify overbought and oversold zones. Optionally applies a secondary smoothing pass (including Ehlers' Super Smoother - SMMA) to reduce noise while preserving trend structure.
RSI + MFI Integration: Fuses RSI and MFI into a single composite metric, weighting RSI momentum with volume-adjusted MFI values for a clearer representation of momentum strength.
Extra Moving Average Filtering: A variety of moving average types (EMA, Hull, ZEMA, etc.) smooth the underlying trend, with sensitivity to trend changes customizable.
Divergence Detection: Identifies both regular and hidden divergences by comparing oscillator movements against price action, adjusting dynamically based on historical volatility.
Multi-Timeframe Trend Confirmation: Aggregates data across multiple timeframes (e.g., 1m, 5m, 15m, 1h) to provide a broader market context.
Alerts and Key Conditions: Alerts can be configured for specific conditions such as Wave crossovers, RSI+MFI confirmation, or Extra MA transitions. These alerts serve as notifications, not as automatic trading signals.
Why It’s Worth Paying For
ZenAlgo - Waves differentiates itself from free indicators by providing:
Contextual Signal Filtering: Integrates price-volume analysis and trend alignment checks.
Adaptive Trend Classification: Dynamically adjusts to market conditions.
Multi-Layer Confirmation: Requires momentum, volume, and trend agreement before providing insights.
Advanced Divergence Detection: Filters out noise-based divergences, highlighting only significant price-action-driven reversals.
Multi-Timeframe Validation: Helps ensure that observed trends are consistent across different timeframes.
Considerations for Use:
During periods of low trading volume, as price action lacks conviction.
In highly volatile market conditions, rapid price swings can introduce uncertainty.
Fundamental news events can override technical patterns.
If trends contradict across multiple timeframes, additional confirmation is recommended before making decisions.
Important Notes
This indicator is a tool for technical analysis and does not guarantee trading success.
Best Practices: Use ZenAlgo - Waves in conjunction with other indicators and fundamental analysis for a well-rounded approach.
Johnny's Volatility-Driven Trend Identifier w/ Reversal SignalsJohnny's Volatility-Driven Trend Identifier w/ Reversal Signals is designed to identify high-probability trend shifts and reversals by incorporating volatility, momentum, and impulse-based filtering. It is specifically built for traders who want to capture strong trend movements while minimizing false signals caused by low volatility noise.
By leveraging Rate of Change (ROC), Relative Strength Index (RSI), and Average True Range (ATR)-based volatility detection, the indicator dynamically adapts to market conditions. It highlights breakout trends, reversals, and early signs of momentum shifts using strategically placed labels and color-coded trend visualization.
Inspiration taken from Top G indicator .
What This Indicator Does
The Volatility-Driven Trend Identifier works by:
Measuring Market Extremes & Momentum:
Uses ROC normalization with standard deviation to identify impulse moves in price action.
Implements RSI filtering to determine overbought/oversold conditions that validate trend strength.
Utilizes ATR-based volatility tracking to ensure signals only appear when meaningful market movements are occurring.
Identifying Key Trend Events:
Power Peak (🔥): Marks a confirmed strong downtrend, ideal for shorting opportunities.
Surge (🚀): Indicates a confirmed strong uptrend, signaling a potential long entry.
Soft Surge (↗): Highlights a mild bullish reentry or early uptrend formation.
Soft Peak (↘): Shows a mild bearish reentry or early downtrend formation.
Providing Adaptive Filtering for Reliable Signals:
Filters out weak trends with a volatility check, ensuring signals appear only in strong market conditions.
Implements multi-level confirmation by combining trend strength metrics, preventing false breakouts.
Uses gradient-based visualization to color-code market sentiment for quick interpretation.
What This Indicator Signals
Breakouts & Impulse Moves: 🚀🔥
The Surge (🚀) and Power Peak (🔥) labels indicate confirmed momentum breakouts, where the trend has been validated by a combination of ROC impulse, RSI confirmation, and ATR volatility filtering.
These signals suggest that the market is entering a strong trend, and traders can align their entries accordingly.
Early Trend Formation & Reentries: ↗ ↘
The Soft Surge (↗) and Soft Peak (↘) labels indicate areas where a trend might be forming, but is not yet fully confirmed.
These signals help traders anticipate potential entries before the trend gains full strength.
Volatility-Adaptive Trend Filtering: 📊
Since the indicator only activates in volatile conditions, it avoids the pitfalls of low-range choppy markets where false signals frequently occur.
ATR-driven adaptive windowing allows the indicator to dynamically adjust its sensitivity based on real-time volatility conditions.
How to Use This Indicator
1. Identifying High-Probability Entries
Bullish Entries (Long Trades)
Look for 🚀 Surge signals in an uptrend.
Confirm with RSI (should be above 50 for momentum).
Ensure volatility is increasing to validate the breakout.
Use ↗ Soft Surge signals for early entries before the trend fully confirms.
Bearish Entries (Short Trades)
Look for 🔥 Power Peak signals in a downtrend.
RSI should be below 50, indicating downward momentum.
Volatility should be rising, ensuring market momentum is strong.
Use ↘ Soft Peak signals for early entries before a full bearish confirmation.
2. Avoiding False Signals
Ignore signals when the market is ranging (low ATR).
Check RSI and ROC alignment to ensure trend confirmation.
Use additional confluences (e.g., price action, support/resistance levels, moving averages) for enhanced accuracy.
3. Trend Confirmation & Filtering
The stronger the trend, the higher the likelihood that Surge (🚀) and Power Peak (🔥) signals will continue in their direction.
Soft Surge (↗) and Soft Peak (↘) act as early warning signals before major breakouts occur.
What Makes This a Machine Learning-Inspired Moving Average?
While this indicator is not a direct implementation of machine learning (as Pine Script lacks AI/ML capabilities), it mimics machine learning principles by adapting dynamically to market conditions using the following techniques:
Adaptive Trend Selection:
It does not rely on fixed moving averages but instead adapts dynamically based on volatility expansion and momentum detection.
ATR-based filtering adjusts the indicator’s sensitivity to real-time conditions.
Multi-Factor Confirmation (Feature Engineering Equivalent in ML):
Combines ROC, RSI, and ATR in a structured way, similar to how ML models use multiple inputs to filter and classify data.
Implements conditional trend recognition, ensuring that only valid signals pass through the filter.
Noise Reduction with Data Smoothing:
The algorithm avoids false signals by incorporating trend intensity thresholds, much like how ML models remove outliers to refine predictions.
Adaptive filtering ensures that low-volatility environments do not produce misleading signals.
Why Use This Indicator?
✔ Reduces False Signals: Multi-factor validation ensures only high-confidence signals are triggered.
✔ Works in All Market Conditions: Volatility-adaptive nature allows the indicator to perform well in both trending and ranging markets.
✔ Great for Swing & Intraday Trading: It helps spot momentum shifts early and allows traders to catch major market moves before they fully develop.
✔ Visually Intuitive: Color-coded trends and clear signal markers make it easy to interpret.
TrendMasterPro_FekonomiTrend Change and Start Signals with Weighted Conditions
The Trend Change and Start Signals with Weighted Conditions indicator leverages various technical analysis tools to generate reliable buy and sell signals. This indicator helps investors more accurately identify trend changes and start signals in the market.
Features:
Utilizes popular technical analysis tools such as MACD, RSI, EMA, and Ichimoku Cloud.
Enhances signal accuracy with additional indicators like ADX and Volume Increase.
Allows users to adjust the weights of each condition to set their importance.
The Confidence Level parameter lets you adjust the accuracy rate of the signals.
Visual Signals make it easy to track buy and sell points directly on the chart.
How It Works:
Condition Weights: Users assign weights to indicators like MACD, RSI, EMA, and Ichimoku Cloud. If you have no idea, use default settings.
Condition Fulfillment: Checks if the conditions for each indicator are met.
Confidence Level: The total weight of the fulfilled conditions must exceed the user-defined confidence level.
Signal Generation: When these conditions are met, a buy or sell signal is generated and visually displayed on the chart.
Customization:
Personalize Signals: By adjusting the weights of the indicators used, you can personalize the signals to match your trading strategy and preferences.
Use Cases:
Short-Term Investments: Identify quick trend changes for short-term trading decisions.
Long-Term Investments: Detect long-term trend starts and changes for strategic investment decisions.
Technical Analysis: Combine different technical analysis tools for more comprehensive and reliable analyses.
With this indicator, you can better understand market movements and make more informed investment decisions. Try it now and enhance your trading strategy!
by Fekonomi
Kubricks Super Colliding Indicator v2The Kubricks Super Colliding Indicator v2 is a comprehensive technical analysis tool designed for TradingView. It combines multiple indicators and conditions to help traders identify potential buy/sell signals and trend directions. The script is highly customizable, allowing users to toggle specific features on/off and adjust parameters to suit their trading style.
Key Features
Moving Averages:
Plots SMAs (Simple Moving Averages) and EMAs (Exponential Moving Averages) with customizable periods and colors.
Includes Golden Cross (bullish) and Death Cross (bearish) conditions based on SMA and EMA crossovers.
RSI (Relative Strength Index):
Identifies overbought and oversold conditions using customizable RSI levels.
Displays visual alerts (plotshapes) for overbought/oversold conditions.
MACD (Moving Average Convergence Divergence):
Detects bullish and bearish crossovers of the MACD line and signal line.
Displays visual alerts for MACD crossovers.
Customizable Alerts:
Alerts for Golden Cross, Death Cross, RSI overbought/oversold, MACD crossovers, and close above SMA.
Toggleable Indicators:
Allows users to enable/disable specific features (e.g., RSI, MACD, SMA cross signals) for a cleaner chart.
Visual Enhancements:
Highlights Golden Cross and Death Cross conditions with background colors.
Uses plotshapes to mark key signals (e.g., overbought/oversold, MACD crossovers, close above SMA).
How It Helps Traders
Trend Identification: The combination of SMAs and EMAs helps identify long-term and short-term trends.
Momentum Confirmation: RSI and MACD provide additional confirmation of momentum and potential reversals.
Customizability: Traders can tailor the script to their preferences, focusing on the indicators and conditions most relevant to their strategy.
Visual Alerts: Clear visual cues and alerts make it easier to spot trading opportunities in real-time.
Ideal For
Swing Traders: Identifying trend reversals and momentum shifts.
Position Traders: Confirming long-term trends with Golden/Death Crosses.
Day Traders: Using RSI and MACD for short-term entry/exit signals.
This script is a powerful, all-in-one tool for traders looking to combine multiple technical indicators into a single, easy-to-use interface. Let me know if you need further assistance!
Waldo RSI :oWaldo RSI :o Indicator Guide
The Waldo RSI :o indicator is designed to complement the "Waldo RSI Overlay :o" by providing an RSI-based analysis on TradingView, focusing on macro shifts in market trends. Here's a comprehensive guide on how to use this indicator:
Key Features:
RSI Settings:
RSI Source: Choose from ON RSI, ON HIGH, ON LOW, ON CLOSE, or ON OPEN to determine how RSI calculates pivots.
RSI Settings:
Source: Default is (H+L)/2, but you can select any price for RSI calculation.
Length: Default RSI length is 7, which can be adjusted for sensitivity.
Trend Lines:
Show Trend Lines: Option to display trend lines based on RSI pivot points.
Zigzag Length: Determines pivot point sensitivity.
Confirm Length: Validates pivot points (default is 3).
Colors: Customize colors for Higher Highs (HH), Lower Highs (LH), Higher Lows (HL), and Lower Lows (LL) on the RSI.
Label Size and Line Width: Adjust the appearance of labels and lines.
Divergences:
Classic Divergences:
Show Classic Div: Toggle to reveal divergences where RSI and price move in opposite directions.
Colors: Set different colors for bullish and bearish divergence indicators.
Transparency and Line Width: Control the visual impact of divergence signals.
Hidden Divergences:
Similar settings for identifying hidden divergences, suggest trend continuation.
Breakout/Breakdown:
Show Breakout/Breakdown: Generates signals for RSI breakouts or breakdowns, used by "Waldo RSI Overlay :o" for visual chart signals.
Overbought/Oversold Zones:
Show Overbought and OverSold Zones: Highlights when RSI goes above 70 (overbought) or below 30 (oversold).
Moving Averages on RSI:
The default Moving Average (MA) settings are tailored to capture macro shifts in market trends:
Show Moving Averages: Option to overlay two MAs on the RSI for trend confirmation:
Fast RSI MA:
RSI Period: 50 (this is the period over which the RSI is calculated).
MA Length: 50 (the number of periods used for the moving average of the RSI).
Slow RSI MA:
RSI Period: 50 (same as fast for consistency in RSI calculation).
MA Length: 200 (longer term for capturing broader trends).
Crossover Signals: The RSI changes color from red to green based on these moving average crossovers:
When the Fast MA (50 period) crosses above the Slow MA (200 period), the RSI turns green, indicating potential bullish conditions or momentum shift.
Conversely, when the Fast MA crosses below the Slow MA, the RSI turns red, suggesting bearish conditions or a shift back towards a downtrend.
This 50-period RSI crossover setting is used to identify overall macro shifts in the market, providing a clear visual cue for traders looking at longer-term trends.
Ghost Lines (Optional):
Ghost Lines: Option to limit how far RSI trend lines extend, helping to keep the chart less cluttered.
How to Use the Indicator:
Setup:
Configure RSI by choosing the source and setting the length to match your trading style.
Set the zigzag and confirm lengths for appropriate pivot detection.
Trend Analysis:
Monitor the RSI for trend changes using the colored trend lines and labels.
Divergence Detection:
Look for RSI and price divergences to anticipate potential reversals or continuations.
Breakout/Breakdown:
Use these signals in conjunction with "Waldo RSI Overlay :o" for price action confirmation.
Overbought/Oversold:
Identify when the market might be due for a correction or continued momentum.
Moving Averages:
Focus on the color changes in RSI to understand macro trend shifts with the default 50/200 period setup.
Ghost Lines:
Enable for a cleaner chart if you don't need trend lines extending indefinitely.
Usage Tips:
Combine with other indicators for confirmation, as no single tool is foolproof.
Adjust settings to suit different market conditions or trading timeframes.
Use in tandem with "Waldo RSI Overlay :o" for a full trading signal system.
Remember, trading involves significant risk, and historical data does not guarantee future performance. Use this indicator as part of a broader trading strategy.
