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Rsidivergence

RSI-MTF-Histo-EntryThis indicator gives a histogram of RSI in relation to an ema of the RSI. The histogram is then smoothed to reduce false signals. The actualiteit RSI line with overbought/overvols signals can be added or omitted as preferred. The background can be color coded if the RSI is above or below 50. Version 2. Added support for MTF. Longer timesframes (1h-3h) tend to give better entry results. As an example the indicator was added two times, one for the current timeframe and one for a longer timeframe.
Penunjuk Pine Script®
oleh Duyck
7
2xStochastic + RSI (two levels, colored)Great tool to find market tops, bottoms, S/R's and reversals. Rsi has 2 customiseble overbought and oversold levels can show you extreme levels. Slow Stochastic 1 (25 period) shows small price swings Slow stochastic 2 (100 period) can show you a greater picture, are we reversing? Why do you need Leguerre, Murrey, Kaufman oscilator 3000 when you can have old and trusted tool, that has been tweeked very nicely for any timeframe. I use it in a variety of ways, let me show you some examples: EXAMPLE 1 (RSI Extreme Level): 1) Find extreme oversold or overbought level that clearly reversed and plop S/R line there. BAM! We have a S/R line 2) Next time you know this line will mean something (Either it will hold, or it will be broken by a big candle) and you can trade it accordingly to Stochastic trading strategy EXAMPLE 2 (Fibonacci Level finder): Trading fibo? This can help! 1) Just like fibo trading, find good swing top and bottom 2) You know that price will reverse from 38.2, 50, 61.8, but where? I think this is self explanotory...
Penunjuk Pine Script®
oleh ColtHands