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RSI based on ROC This is the new-age indicator which is version of RSI calculated upon the Rate-of-change indicator. The name "Relative Strength Index" is slightly misleading as the RSI does not compare the relative strength of two securities, but rather the internal strength of a single security. A more appropriate name might be "Internal Strength Index." Relative strength charts that compare two market indices, which are often referred to as Comparative Relative Strength. And in its turn, the Rate-of-Change ("ROC") indicator displays the difference between the current price and the price x-time periods ago. The difference can be displayed in either points or as a percentage. The Momentum indicator displays the same information, but expresses it as a ratio.
Penunjuk Pine Script®
oleh HPotter
8
SwiftEdge NW EnvelopeSwiftEdge NW Envelope Overview The SwiftEdge NW Envelope is a visually striking technical indicator designed for traders seeking to identify high-probability buy and sell opportunities in volatile markets. By combining the Relative Strength Index (RSI), Average True Range (ATR), and Nadaraya-Watson Envelope, this indicator provides a unique blend of momentum, volatility, and non-linear trend analysis. Its futuristic, AI-inspired aesthetic—featuring neon gradients and dynamic colors—enhances chart readability while delivering actionable trading signals. What It Does The SwiftEdge NW Envelope generates buy and sell signals based on price interactions with dynamically calculated support and resistance bands, confirmed by RSI conditions. The indicator: Plots a Nadaraya-Watson Envelope to identify smooth, non-linear price trends and dynamic support/resistance zones. Uses ATR to scale the envelope’s bands, adapting to market volatility. Employs RSI to confirm overbought/oversold conditions, ensuring signals align with momentum. Visualizes signals with neon-colored markers, background zones, and labels for intuitive decision-making. How It Works The indicator integrates three key components: Nadaraya-Watson Envelope: A kernel-based regression technique that smooths price data to create a central trend line (mean) and dynamic upper/lower bands. Unlike traditional moving averages, it provides a non-linear, adaptive view of price trends, making it ideal for capturing complex market movements. The band width is determined by ATR, ensuring responsiveness to volatility. Average True Range (ATR): Measures market volatility to scale the envelope’s bands. A multiplier (default: 0.5) adjusts the sensitivity of the bands, allowing traders to fine-tune the indicator for different assets or market conditions. Relative Strength Index (RSI): A momentum oscillator with a shortened period (default: 5) for increased sensitivity. Confirms buy signals when RSI is oversold (default: <30) and sell signals when RSI is overbought (default: >70). Signal Logic Buy Signal: Triggered when the price crosses above the lower band of the Nadaraya-Watson Envelope and RSI is below the oversold threshold. Marked by a green circle and a "BUY" label below the candle. Sell Signal: Triggered when the price crosses below the upper band and RSI is above the overbought threshold. Marked by a magenta circle and a "SELL" label above the candle. Background Zones: Green (buy) or red (sell) translucent zones highlight signal areas for quick recognition. Visual Features Dynamic Colors: The central trend line shifts between cyan (uptrend), purple (downtrend), or gray (neutral) based on price position relative to the mean. Neon Gradient Fill: A translucent blue fill between the upper (green) and lower (red) bands creates a glowing, futuristic effect. Modern Signal Markers: Small, vibrant circles (green for buy, magenta for sell) and clear labels enhance visual clarity. Why This Combination? The SwiftEdge NW Envelope combines RSI, ATR, and Nadaraya-Watson Envelope to create a robust trading tool: RSI provides momentum confirmation, filtering out false signals in choppy markets. ATR ensures the envelope adapts to changing volatility, making it suitable for both trending and ranging markets. Nadaraya-Watson Envelope offers a sophisticated, non-linear alternative to traditional bands (e.g., Bollinger Bands), capturing subtle price dynamics. Together, these components deliver a balanced approach to trend-following and mean-reversion strategies, with RSI acting as a gatekeeper to improve signal reliability. Customize Settings: RSI Period (5): Adjust for more/less sensitivity to momentum. RSI Overbought/Oversold (70/30): Modify thresholds to tighten or loosen signal conditions. ATR Period (14) and Multiplier (0.5): Tune volatility sensitivity. NW Length (25), Bandwidth (8.0), Multiplier (3.0): Adjust the smoothness and width of the envelope. Interpret Signals: Buy: Look for green circles and "BUY" labels when price crosses above the lower band, confirmed by low RSI. Sell: Look for magenta circles and "SELL" labels when price crosses below the upper band, confirmed by high RSI. Use background zones to quickly spot active signal areas. Combine with Other Tools: Pair with support/resistance levels or volume analysis for additional confirmation. Test signals on a demo account before live trading. Originality The SwiftEdge NW Envelope stands out due to: Its innovative use of Nadaraya-Watson regression, a less common but powerful tool for non-linear trend analysis. A unique visual design with neon gradients and dynamic colors, inspired by AI and futuristic interfaces, making it both functional and visually engaging. A streamlined signal system that balances momentum (RSI), volatility (ATR), and trend (Nadaraya-Watson), reducing noise and enhancing trade precision. Notes Best suited for volatile markets (e.g., forex, crypto, stocks) where price swings create clear envelope breakouts. Adjust input parameters to match your trading style (e.g., shorter RSI period for scalping, wider bands for swing trading). Always backtest and validate signals in your specific market and timeframe before trading.
Penunjuk Pine Script®
oleh SwiftEdge
2
Max The Minner: RSI Bands with Min/Max [by Oberlunar]This Pine Script, titled "Max The Minner: RSI Bands with Min/Max " is a technical indicator designed to visualize RSI-based dynamic bands with local minimum and maximum levels on a chosen timeframe. The script incorporates user-configurable parameters for RSI thresholds, resolution, and color settings, providing traders with a highly customizable tool for analyzing price behavior in relation to overbought and oversold conditions. Core Functionality The script begins by calculating the RSI (Relative Strength Index) using user-defined inputs for overbought and oversold levels, the RSI length, and the resolution (default set to daily). The RSI is computed through an exponential moving average (EMA) approach that smooths the upward and downward price movements, creating adaptive upper (ub) and lower (lb) bands based on the overbought and oversold thresholds. These bands are then dynamically adjusted based on the current price (src) and the EMA calculations. The upper band (ub) represents a potential resistance zone aligned with the RSI overbought level, while the lower band (lb) represents a support zone aligned with the RSI oversold level. The script employs additional calculations to ensure the adaptive nature of these bands, depending on whether the RSI is pushing higher or lower relative to its thresholds. Local Minima and Maxima A key feature of the indicator is its ability to track and update local minima and maxima based on the chosen timeframe. The script uses a buffer system that refreshes these levels every three bars to smooth out noise and avoid excessive sensitivity to short-term fluctuations. These local extrema (localMin and localMax) are retrieved from the lower and upper prices of the selected timeframe and act as dynamic benchmarks for evaluating the RSI bands. Conditional Logic The script includes conditional logic to determine when the RSI bands intersect with or approach the local maxima or minima. For example: The upper band (ub) is plotted only if it is below the local maximum, suggesting that price may encounter resistance. Similarly, the lower band (lb) is plotted only if it is above the local minimum, indicating potential support. This logic ensures that the bands are contextually relevant to the prevailing market structure, rather than being static overlays. Visualization The RSI bands and local extrema are plotted on the chart using color-coded lines, with transparency adjustable through user inputs. The upper band and local maximum are linked with a fill area, visually representing the resistance zone. Similarly, the lower band and local minimum are filled to highlight the support zone. These fills provide a clear depiction of price boundaries, making it easier for traders to spot key levels. Additionally, the script marks breakout conditions. If the price exceeds the local maximum, a label is plotted at the breakout point with a distinctive style and color. Similarly, a breakout below the local minimum is labeled, providing a visual cue for significant price movements. Customization The script offers extensive customization options for both functionality and appearance: Users can define the overbought and oversold levels for RSI, along with the RSI length and the resolution (timeframe). Colors for the upper and lower bands, along with transparency (alpha) levels, can be adjusted, allowing for seamless integration with different chart styles. The periodicity of the local minima and maxima updates is hardcoded to three bars but could be further parameterized for greater flexibility. This indicator is particularly useful for traders who rely on RSI-based strategies and need a dynamic representation of overbought and oversold conditions in conjunction with local price extremes. By combining RSI bands with the context provided by local minima and maxima, it allows traders to: Identify potential support and resistance levels. Visualize price behavior relative to RSI thresholds. Spot breakout opportunities when price exceeds predefined levels.
Penunjuk Pine Script®
oleh oberlunar_tr
Daksh RSI POINT to ShootHere are the key points and features of the Pine Script provided: ### 1. **Indicator Settings**: - The indicator is named **"POINT and Shoot"** and is set for non-overlay (`overlay=false`) on the chart. - `max_bars_back=4000` is defined, indicating the maximum number of bars that the script can reference. ### 2. **Input Parameters**: - `Src` (Source): The price source, default is `close`. - `rsilen` (RSI Length): The length for calculating RSI, default is 20. - `linestylei`: Style for the trend lines (`Solid` or `Dashed`). - `linewidth`: Width of the plotted lines, between 1 and 4. - `showbroken`: Option to show broken trend lines. - `extendlines`: Option to extend trend lines. - `showpivot`: Show pivot points (highs and lows). - `showema`: Show a weighted moving average (WMA) line. - `len`: Length for calculating WMA, default is 9. ### 3. **RSI Calculation**: - Calculates a custom RSI value using relative moving averages (`ta.rma`), and optionally uses On-Balance Volume (`ta.obv`) if `indi` is set differently. - Plots RSI values as a green or red line depending on its position relative to the WMA. ### 4. **Pivot Points**: - Utilizes the `ta.pivothigh` and `ta.pivotlow` functions to detect pivot highs and lows over the defined period. - Stores up to 10 recent pivot points for highs and lows. ### 5. **Trend Line Drawing**: - Lines are drawn based on pivot highs and lows. - Calculates potential trend lines using linear interpolation and validates them by checking if subsequent bars break or respect the trend. - If the trend is broken, and `showbroken` is enabled, it draws dotted lines to represent these broken trends. ### 6. **Line Management**: - Initializes multiple lines (`l1` to `l20` and `t1` to `t20`) and uses these lines for drawing uptrend and downtrend lines. - The maximum number of lines is set to 20 for uptrends and 20 for downtrends, due to a limit on the total number of lines that can be displayed on the chart. ### 7. **Line Style and Color**: - Defines different colors for uptrend lines (`ulcolor = color.red`) and downtrend lines (`dlcolor = color.blue`). - Line styles are determined by user input (`linestyle`) and use either solid or dashed patterns. - Broken lines use a dotted style to indicate invalidated trends. ### 8. **Pivot Point Plotting**: - Plots labels "H" and "L" for pivot highs and lows, respectively, to visually indicate turning points on the chart. ### 9. **Utility Functions**: - Uses helper functions to get the values and positions of the last 10 pivot points, such as `getloval`, `getlopos`, `gethival`, and `gethipos`. - The script uses custom logic for line placement based on whether the pivots are lower lows or higher highs, with lines adjusted dynamically based on price movement. ### 10. **Plotting and Visuals**: - The main RSI line is plotted using a color gradient based on its position relative to the WMA. - Horizontal lines (`hline1` and `hline2`) are used for visual reference at RSI levels of 60 and 40. - Filled regions between these horizontal lines provide visual cues for potential overbought or oversold zones. These are the main highlights of the script, which focuses on trend detection, visualization of pivot points, and dynamic line plotting based on price action.
Penunjuk Pine Script®
oleh amewara14
2
RSI K-Means Clustering [UAlgo]The "RSI K-Means Clustering " indicator is a technical analysis tool that combines the Relative Strength Index (RSI) with K-means clustering techniques. This approach aims to provide more nuanced insights into market conditions by categorizing RSI values into overbought, neutral, and oversold clusters. The indicator adjusts these clusters dynamically based on historical RSI data, allowing for more adaptive and responsive thresholds compared to traditional fixed levels. By leveraging K-means clustering, the indicator identifies patterns in RSI behavior, which can help traders make more informed decisions regarding market trends and potential reversals. 🔶 Key Features K-means Clustering: The indicator employs K-means clustering, an unsupervised machine learning technique, to dynamically determine overbought, neutral, and oversold levels based on historical RSI data. User-Defined Inputs: You can customize various aspects of the indicator's behavior, including: RSI Source: Select the data source used for RSI calculation (e.g., closing price). RSI Length: Define the period length for RSI calculation. Training Data Size: Specify the number of historical RSI values used for K-means clustering. Number of K-means Iterations: Set the number of iterations performed by the K-means algorithm to refine cluster centers. Overbought/Neutral/Oversold Levels: You can define initial values for these levels, which will be further optimized through K-means clustering. Alerts: The indicator can generate alerts for various events, including: Trend Crossovers: Alerts for when the RSI crosses above/below the neutral zone, signaling potential trend changes. Overbought/Oversold: Alerts when the RSI reaches the dynamically determined overbought or oversold thresholds. Reversals: Alerts for potential trend reversals based on RSI crossing above/below the calculated overbought/oversold levels. RSI Classification: Alerts based on the current RSI classification (ranging, uptrend, downtrend). 🔶 Interpreting Indicator Adjusted RSI Value: The primary plot represents the adjusted RSI value, calculated based on the relative position of the current RSI compared to dynamically adjusted overbought and oversold levels. This value provides an intuitive measure of the market's momentum. The final overbought, neutral, and oversold levels are determined by K-means clustering and are displayed as horizontal lines. These levels serve as dynamic support and resistance points, indicating potential reversal zones. Classification Symbols : The "RSI K-Means Clustering " indicator uses specific symbols to classify the current market condition based on the position of the RSI value relative to dynamically determined clusters. These symbols provide a quick visual reference to help traders understand the prevailing market sentiment. Here's a detailed explanation of each classification symbol: Ranging Classification ("R") This symbol appears when the RSI value is closest to the neutral threshold compared to the overbought or oversold thresholds. It indicates a ranging market, where the price is moving sideways without a clear trend direction. In this state, neither buyers nor sellers are in control, suggesting a period of consolidation or indecision. This is often seen as a time to wait for a breakout or reversal signal before taking a position. Up-Trend Classification ("↑") The up-trend symbol, represented by an upward arrow, is displayed when the RSI value is closer to the overbought threshold than to the neutral or oversold thresholds. This classification suggests that the market is in a bullish phase, with buying pressure outweighing selling pressure. Traders may consider this as a signal to enter or hold long positions, as the price is likely to continue rising until the market reaches an overbought condition. Down-Trend Classification ("↓") The down-trend symbol, depicted by a downward arrow, appears when the RSI value is nearest to the oversold threshold. This indicates a bearish market condition, where selling pressure dominates. The market is likely experiencing a downward movement, and traders might view this as an opportunity to enter or hold short positions. This symbol serves as a warning of potential further declines, especially if the RSI continues to move toward the oversold level. Bullish Reversal ("▲") This signal occurs when the RSI value crosses above the oversold threshold. It indicates a potential shift from a downtrend to an uptrend, suggesting that the market may start to move higher. Traders might use this signal as an opportunity to enter long positions. Bearish Reversal ("▼") This signal appears when the RSI value crosses below the overbought threshold. It suggests a possible transition from an uptrend to a downtrend, indicating that the market may begin to decline. This signal can alert traders to consider entering short positions or taking profits on long positions. These classification symbols are plotted near the adjusted RSI line, with their positions adjusted based on the standard deviation and a distance multiplier. This placement helps in visualizing the classification's strength and ensuring clarity in the indicator's presentation. By monitoring these symbols, traders can quickly assess the market's state and make more informed trading decisions. 🔶 Disclaimer Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals. Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator. Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies. Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses. No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.
Penunjuk Pine Script®
oleh UAlgo
9
RSI, STOCHASTIC RSI AND MFI COMBOCombining the Relative Strength Index (RSI), Stochastic RSI (StochRSI), and Money Flow Index (MFI) can provide traders with a comprehensive approach to analyze market momentum, overbought/oversold conditions, and money flow. Each indicator offers unique insights, and their combination can help confirm trading signals and filter out false signals. Let's delve into each indicator and then discuss how they can be used together: Relative Strength Index (RSI) 14: DA BLUE LINE The RSI is a momentum oscillator that measures the speed and change of price movements. It oscillates between 0 and 100 and is typically used to identify overbought (>70) and oversold (<30) conditions. A reading above 70 may indicate that an asset is overbought and could be due for a pullback, while a reading below 30 may suggest that an asset is oversold and could be due for a bounce. Stochastic RSI (StochRSI) 14: DA RED LINE The StochRSI is an oscillator that combines the features of both the Stochastic Oscillator and RSI. It measures the relative position of the RSI within its range over a specific period (e.g., 14 periods). Like the RSI, the StochRSI oscillates between 0 and 100 and is used to identify overbought and oversold conditions. Typically: A StochRSI above 0.8 may suggest overbought conditions. A StochRSI below 0.2 may indicate oversold conditions. Money Flow Index (MFI) 14: DA PURPLE LINE The MFI is a momentum oscillator that measures the inflow and outflow of money into an asset over a specific period (e.g., 14 periods). It oscillates between 0 and 100 and is used to identify overbought and oversold conditions based on both price and volume. Generally: An MFI above 80 may indicate overbought conditions. An MFI below 20 may suggest oversold conditions. Combining RSI, StochRSI, and MFI: When combining RSI, StochRSI, and MFI, traders can use the following approach to analyze the market: Identify Overbought/Oversold Conditions: Look for confluence between RSI, StochRSI, and MFI readings to identify overbought and oversold conditions. For example, if RSI > 70, StochRSI > 0.8, and MFI > 80, it may suggest a strong overbought condition, potentially indicating a reversal or pullback. Confirm Trend Strength: Use the RSI, StochRSI, and MFI to confirm the strength of a trend. A rising trend with RSI, StochRSI, and MFI above 50 may suggest strong bullish momentum, while a falling trend with readings below 50 may indicate strong bearish momentum. Divergence Analysis: Look for divergences between price and RSI, StochRSI, or MFI to identify potential trend reversals. For example, if the price makes a higher high, but RSI, StochRSI, or MFI makes a lower high (bearish divergence), it may suggest weakening bullish momentum and potential downside. Combining RSI, StochRSI, and MFI can offer traders a more holistic view of market momentum, overbought/oversold conditions, and money flow. Backtest it let me know your success.
Penunjuk Pine Script®
oleh CaptCri5tian
Rate of Change RSIIndicator Name: Rate of Change RSI Description: The Rate of Change (ROC) of the Relative Strength Index (RSI) is a technical indicator designed to provide insights into the momentum of an asset's price movement. It combines the Relative Strength Index (RSI), a popular momentum oscillator, with the Rate of Change (ROC) concept to assess the speed at which RSI values are changing. How It Works: Relative Strength Index (RSI): The RSI measures the magnitude of recent price changes to evaluate overbought or oversold conditions in an asset. It oscillates between 0 and 100, with readings above 70 typically indicating overbought conditions and readings below 30 indicating oversold conditions. Rate of Change (ROC): The ROC calculates the percentage change in a given indicator over a specified period. In this indicator, we apply the ROC to the RSI values to determine how quickly the RSI is changing over time. Key Features: Acceleration and Deceleration: The ROC of RSI helps traders identify whether the momentum of the RSI is accelerating or decelerating. Positive values suggest increasing momentum, while negative values indicate decreasing momentum. Dynamic Color Change: The color of the ROC RSI line changes dynamically based on the RSI level. When the RSI is between 0 and 40, the line color is blue, indicating potential oversold conditions. When the RSI is between 40 and 60, the line color is yellow, suggesting neutral conditions. When the RSI is above 60, the line color changes to green, indicating potential overbought conditions. How to Use: Acceleration: When the ROC RSI is positive and increasing while the RSI is above 60 (green), it may signal strong upward momentum. Deceleration: Conversely, if the ROC RSI is negative and decreasing while the RSI is below 40 (blue), it may indicate weakening downward momentum. Originality and Usefulness: This indicator combines the RSI, a well-known momentum oscillator, with the ROC concept to provide a unique perspective on momentum dynamics. By dynamically adjusting the color of the ROC RSI line based on RSI levels, traders can quickly assess potential overbought or oversold conditions in the market. Chart: The chart displayed alongside this script provides a clean and easy-to-understand visualization of the ROC RSI indicator. The ROC RSI line color changes dynamically based on RSI levels, allowing traders to visually identify potential market conditions at a glance.
Penunjuk Pine Script®
oleh Tradernawab
Enhanced Smoothed RSIThe "Enhanced Smoothed RSI Factor" indicator is a robust technical analysis tool designed to assist traders in identifying potential trends and reversals. This indicator combines elements of the Relative Strength Index (RSI) with a smoothed factor, enhancing its reliability and responsiveness. By visualizing the Enhanced Smoothed RSI Factor alongside the standard RSI and their associated upper and lower bands, traders gain insights into potential overbought and oversold conditions, facilitating more informed trading decisions. How to Use: Inputs Configuration : Adjust the indicator's parameters according to your trading preferences. Modify the source data (source) to suit the price data you want to analyze. Set the RSI period (rsiPeriod) for RSI calculations, the moving average period (movingAvgPeriod) for the bands, and the smoothing factor (factor) for enhanced responsiveness. Enhanced Smoothed RSI Factor : The indicator calculates the Enhanced Smoothed RSI Factor by applying an exponential moving average (EMA) to the RSI values. This factor reflects changes in price momentum. Comparison with Standard RSI : Observe the Enhanced Smoothed RSI Factor and the standard RSI side by side on your chart. While the standard RSI offers insights into price momentum, the Enhanced Smoothed RSI Factor adds an extra layer of smoothing for potentially clearer trend indications. Bands and Bar Coloring : The indicator plots upper and lower bands, which are derived from weighted and simple moving averages of the Enhanced Smoothed RSI Factor. The color of the bars changes based on the position of the Enhanced Smoothed RSI Factor relative to the bands. Green bars indicate values above the upper band, red bars indicate values below the lower band, and gray bars indicate values within the bands. Overbought and Oversold Levels : The indicator provides horizontal lines at levels 140 and 80. When the Enhanced Smoothed RSI Factor crosses above 140, it suggests a potential bullish trend, while crossing below 80 suggests a potential bearish trend. Additionally, levels 200 and 180 indicate overbought conditions, and levels 100 and 80 indicate oversold conditions. Additional Insights : The indicator's upper and lower bands provide valuable insights into potential trend reversals. When the Enhanced Smoothed RSI Factor crosses above the upper band, it may signal an overextended bullish trend. Conversely, a crossover below the lower band may indicate an overextended bearish trend. Important Considerations : This indicator is most effective when used in conjunction with other technical analysis tools and strategies. It's recommended to avoid making trading decisions solely based on the Enhanced Smoothed RSI Factor. Combine it with other indicators, chart patterns, and fundamental analysis. Adjust the overbought and oversold levels to align with your trading strategy and the specific market conditions. Please remember that trading involves risks, and the indicator's signals are not guaranteed. Always conduct thorough research and consider using a practice account before implementing any trading strategy.
Penunjuk Pine Script®
oleh tseddik
ScalpTrader RSIThis script is a customized Relative Strength Index (RSI) indicator with added functionality, notably the optional Bollinger Bands overlay. At its core, the script calculates the RSI, which is a popular momentum indicator used in technical analysis to identify overbought and oversold conditions. It does this by taking the average gain and the average loss over a user-defined period (default is 14) to compute the relative strength, which is then transformed into the RSI. Furthermore, this script provides the option to overlay Bollinger Bands on the RSI line. Bollinger Bands, consisting of a middle band (a moving average) with two outer bands (standard deviations of the middle band), are used to measure volatility and 'relative' high or low prices. When applied to the RSI, they can offer another perspective on the momentum and volatility of the market. RSI plot values are colored green if above 50 and red if below 50 to give the trader a sense of bullish or bearish price action. I hope you find the indicator useful. Enjoy.
Penunjuk Pine Script®
oleh scalptradr
5
RSI Divergences on price chart - Open Source CodeHello Traders, I have some exciting news to share with you all! Recently, I came across an incredible RSI divergences indicator developed by Socrate_FR. This indicator, in my opinion has an exceptional accuracy in detecting RSI divergences. However, during my exploration of other indicators in the TradingView library that display signals on the price chart, I found that many of them were often unreliable and missed out on important divergences.One such example is the Prices / RSI Divergences Detector by vtllr. Although vtllr did an amazing job with the indicator, I noticed that it didn't capture several relevant divergences accurately. This observation inspired me to enhance the most accurate RSI divergences indicator available by showcasing the signals directly on the price chart. By doing so, I aimed to address the issue of unreliable and missed divergences in other price chart indicators. With this enhanced version, you can now effortlessly identify and track RSI regular divergences on the price chart itself: -Regular bullish divergence occurs when the price forms lower lows while the RSI indicator forms higher lows. It suggests a potential bullish reversal (green line plot) -Regular bearish divergence occurs when the price forms higher highs while the RSI indicator forms lower highs. It suggests a potential bearish reversal (red line plot) Another key mofication: This Indicator introduces a simpler approach compared to the original Socrate indicator. While Socrate differentiated divergences into eight types for both bullish and bearish scenarios, our enhanced version focuses on two distinct categories: small and big divergences. This decision was made to provide a clearer and more user-friendly experience. By condensing the divergence types into two groups, traders can easily identify and analyze the significance of the divergences without getting overwhelmed by excessive variations. The small divergences represent relatively minor divergences, while the big divergences indicate stronger and more significant signals. -Small divergences represent relatively minor divergences (plotshape small circle) -Big divergences indicate stronger signals (plotshape big circle) I firmly believe that this enhanced RSI Divergences Indicator will be an invaluable tool for traders who rely on RSI analysis in their trading strategies. It combines the accuracy of Socrate_FR's original indicator with the enhanced visibility of signals on the price chart, ensuring you never miss any important divergences. If you're interested in trying out this enhanced version of the indicator, please feel free to access the open-source code. If you want to visit and try the original version of the code visit Socrate_FR profile. www.tradingview.com Keep attention! It is important to note that no trading indicator or strategy is foolproof, and there is always a risk of losses in trading. While this indicator may provide useful information for making conclusions, it should not be used as the sole basis for making trading decisions. Traders should always use proper risk management techniques and consider multiple factors when making trading decisions. Support us:) If you find this new indicator helpful in your trading analysis, I would greatly appreciate your support! Please consider to follow, giving it a like, leaving feedback, or sharing it with your trading network. Your engagement will not only help me improve this tool but will also help other traders discover it and benefit from its features. Thank you for your support!
Penunjuk Pine Script®
oleh Trading_Paradise
27
IT-Dual Relative StrengthOne can use this indicator to compare two security i.e. (Nifty and stock with its own sector) how it is performing in compare with preferred index ( Nifty 50 by default). > 0 outperforming < 0 underperforming Works best for Daily TF, but can be applied to Weekly and monthly charts . Can be use on smaller time frame as well, as per the number of hour you want to calculate. Apply it to Nifty 50 , industry index, sector index or other security in similar sector I have Added the Box table as well which shows the performance agents Nifty and selected sector.
Penunjuk Pine Script®
oleh qureshimehboob
3
Yasir Hameed Advance RSI IndicatorRELATIVE STRENGTH INDEX ( RSI ) This is a tool that is widely used Especially for Overbought and Oversold systems, but I have made some changes in this indicator, How to use it...! I have set it as the default setting - RSI Length: 7 - Overbought: 70 - Oversold: 30 What is unique about this tool? we can see 3 conditions: 1) RSI Overbought / Oversold with Bullish Engulfing / Bearish Engulfing 2) RSI Overbought / Oversold with Hammer and Shooting Star 3) RSI Overbought / Oversold with 2 Bullish Bars / 2 Bearish Bars 4) RSI Overbought / Oversold with All Patterns at the same time When the RSI reaches its Oversold line, the code will wait for Bullish Engulfing pattren, when oversold and Bullish engulfing matched, This indicator will generate a buy signal when the condition is met, and same as for Bear market, When the RSI reaches its Overbought line, the code will wait for Bearish Engulfing pattren, This indicator will generate a sell/exit signal when the condition is met, 2nd condition is that a Hammer candle will be waited for when RSI touches the Overbought line, for Bullish Move and Shooting Star candle will be waited for when RSI touches the Overbought line, for Bullish Move, for Bearish Move 3rd Condition is also the same as Condition 1 and Condition 2, When the RSI reaches its Oversold line, the code will wait for 2 Bullish Bars, when oversold and 2 Bullish Bars matched then this indicator will generate a buy signal, and same as for Bear market, When the RSI reaches its Overbought line, the code will wait for 2 Bearish Bars, when overbought and 2 Bearish Bars matched then this indicator will generate a Sell signal, 4th Condition is that we can use All Conditions at the same time, - Bullish Engulfing / Bearish Engulfing - Hammer and Shooting Star - 2 Bullish Bars / 2 Bearish Bars
Penunjuk Pine Script®
oleh Yasir_Hameed
7
Vix FIX / Stochastic Weights StrategyThis script is based off of Chris Moody's Vix Fix Indicator modified by OskarGallard and BigBitsIO's Stochastic Weights. This script is a compilation of several different stochastic indicators (and RSI ) where the K value of each indicator is equally weighted. The purpose of the indicator is to combine many indicators together in a fashion that weights them easier. By default, the Stochastic and Stochastic RSI are both enabled - the idea is to speed up the relatively slower Stochastic and to slow down the relatively fast Stochastic RSI . BigBitsIO's Stochastics are also available that can also be added to the weighted calculation. Only the K value is weighted, as the D value is just a moving average of the weighted K. - Why is this modifed stochastic useful? - To weight multiple indicators together so that you can attempt to find optimal values shared amongst the indicators. Ex: If Stochastic RSI is 100 and Stochastic is 50, K would be 75 and not particularly high. If you add in a 50 RSI , the K would be 67 in this example. If we weight indicators together that all have a high value they could potentially help find elements that align together to produce a stronger signal. In this script we have the red "S" triangles which are Exits (overbought stochastic crosses). Added alerts for stochastic exit signals. Alerts are Pre-Set to only Alert on Bar Close. The "Williams Vix Fix" is one of the most reliable indicators in history for finding market bottoms. The Vix Fix is simply a code from Larry Williams creating almost identical results for creating the same ability the Vix has to all assets. The VIX has always been much better at signaling bottoms than tops. Simple reason is when market falls retail traders panic and increase volatility , and professionals come in and capitalize on the situation. At market tops there is no one panicking... just liquidity drying up. The FE green triangles are "Filtered Entries". The AE green triangles are "Aggressive Filtered Entries". Added Alerts to Williams Vix Fix (Aggressive Entry and Filtered Entry). Alerts are Pre-Set to only Alert on Bar Close. Added "Ehlrers StochCCI" indicator of user @glaz The Ehlrers StochCCI is a variation of Ehlers Stochastic RSI replaced with CCI. The John Ehlers' article in August, 2006, "Modeling The Market = Building Trading Strategies," describes a process for extracting trend and cyclic elements from market data, then recombining them for trading purposes. He used the Stochastic RSI denoted the cyclic elements. Added ability to show Dots when StochCCI Crosses. Sell: fuchsia dots. Buy: green dots. Added alerts for (Buy / Sell) StochCCI. Alerts are Pre-Set to only Alert on Bar Close. DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto. DYOR, TYOB.
Penunjuk Pine Script®
oleh OsMar21
2
Candlestick RSThis is a candlestick charted Relative Strength indicator. It compares the chosen stock's progress compared to that of the SPY ETF ... ( SPY is used so it should hopefully update intraday). I use this indicator to see which stocks are outperforming the market. Input Variable Descriptions: Ratio: this variable is a float (0 to 1) that is basically how close the Candlestick RS is to the actual price action of the chart. (1.0 being right on top of it, 0.0 being as far away as possible from it) Ballpark SPY price: this variable has to be constant, and due to the way pinescript works, you have to manually put in a ballpark of what SPY is at. Neither of these variables influences the actual data of the indicator, but rather how it is shown on screen. It's difficult to describe, so I recommend you messing around with the variables and see what changes. Hope this helps, I find this useful, so I figured I'd publish this... This is my first pine script so forgive me for any errors, just want to help :)
Penunjuk Pine Script®
oleh ombo