RSI Trend Transform [wbburgin]The RSI Trend Transform indicator is a dual-concept indicator that transforms volume data and price data into two different RSI values, which can then be used together to determine trend strength and momentum. The volume RSI does not use any price data in its calculation - it is purely a transform from nondirectional volume into a directional indicator.
The RSI for all three RSI values (price, volume,combined average) can be plotted as either stochastic or normal. The RSI calculation is adapted for use on volume, which is why the normal ta.rsi() function is not used for the price RSI calculation; both use the same formula for indicator consistency.
How to Use the Indicator
In the examples below, the Price RSI is plotted in yellow and the Volume RSI is plotted in red (length = 200, which is why the indicator is large in these examples). The indicator can be used on any timeframe and any asset, provided volume data is provided by the vendor to TradingView.
Identifying Bullish Trends
A rising volume RSI with a rising price RSI signifies a bullish trend. Example 1:
Example 2:
You can use the combined RSI (the average of the volume RSI and the price RSI) to help with the identification of these trends:
Identifying Bearish Trends
A falling volume RSI with a falling price RSI signifies a bearish trend:
Example 2:
Settings
Source is the source of the price RSI, the volume RSI will by default use volume in its calculations. If you have other indicators on-chart, you could even use the ATR, a volatility indicator, or any nondirectional or directional indicator and transform it into the "price" RSI.
Length is both the length of the RSI and the stochastic.
The next three rows are for each RSI you can plot on the indicator: price RSI, volume RSI, and combined RSI (average of price and volume). The first checkbox plots/removes them from the chart, you can subsequently choose the type of RSI (regular or stochastic), the color of the plot, and the length of the EMA smoothing applied afterward to the plot.
Upper Band and Lower Band refer to the overbought and oversold lines, respectively.
A note about the combined RSI- you will be unable to spot divergences if the combined RSI is the only plot on the indicator, so I encourage you to use the combined RSI as a way to confirm the overall trend if you notice the price RSI and the volume RSI and trending similarly.
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RSI - trendlines - div[vn]This is an indicator for traders of trendline analysis with RSI (the formula for calculating RSI I don't mention here anymore because every trader knows it)
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The Pine Script strategy plots pivot points and trendlines on the RSI chart.
This strategy allows the user to specify the interval for calculating the pivot points and the number of pivot points used to generate the RSI trendlines.
As all traders know, the RSI line closely follows the actual price line, it is an indicator of momentum, the RSI often tells us the direction of the price line in advance, it often precedes and goes along with the price.
RSI is one of the indicators that predicts price trends very well when it crosses its trendline (except in case of divergence).
On the chart of the RSI indicator, I only show 2 trendlines closest to the RSI (1 increase, 1 decrease) and the trend lines far away from me are hidden so that traders can focus on observing better.
When an uptrend line of RSI (or a decrease of RSI) is drawn according to the settings in the settings of the indicator, then that line is support and resistance so that we can proceed to make a BUY or SELL point according to the indicator. RSI support and resistance strategy
When the RSI line breaks above the definitive uptrend line or breaks below the trendline definitively, the price signals a reversal to the nearest trendline.
When the RSI breaks the downtrend line of the RSI (definitively), it signals that the price has a high probability of reversing or approaching the nearest resistance area or possibly reversing from bearish to bullish.
When the RSI breaks the uptrend line of the RSI (definitively), it signals that the price is likely to reverse or reach the nearest resistance area or it may reverse from bullish to bearish.
In addition, I have integrated the normal divergence function of RSI for traders to use in case of divergence - combined with trendline to identify trend reversal more clearly.
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Vietnamese
-Đây là chỉ báo dành cho các trader thuộc trường phái phân tích đường xu hướng với RSI(công thức tính RSI tôi không nhắc ở đây nữa vì mọi trader đều biết)
-Chiến lược Pine Script vẽ các điểm trục và đường xu hướng trên biểu đồ RSI.
-Chiến lược này cho phép người dùng chỉ định khoảng thời gian tính toán các điểm xoay và số điểm xoay được sử dụng để tạo các đường xu hướng của RSI.
-Như các Trader đều biết đường RSI bám sát thực tế với đường giá, nó là chỉ báo về động lượng ,RSI nhiều khi cho chúng ta "biết trước" được hướng đi của đường giá, nó thường đi trước và đi cùng với giá
-RSI là một trong những chỉ báo dự đoán xu hướng giá rất tốt khi cắt đường xu hướng của nó (chỉ trừ trường hợp phân kì)
-Trên biểu đồ của chỉ báo RSI tôi chỉ đưa ra 2 đường trendline gần với đường RSI nhất (1 tăng , 1 giảm)còn các đường xu hướng cách xa tôi đều để ẩn để các Trader tập chung quan sát tốt hơn
-Khi đường xu hướng tăng của RSI (hoặc giảm của RSI) được vẽ ra theo các thiết lập trong cài đặt của chỉ báo,thì đường đó là hỗ trợ,kháng cự để ta có thể tiến hành thực hiện điểm BUY hoặc SELL theo chiến lược hỗ trợ và kháng cự của RSI
-Khi đường RSI mà phá vỡ lên trên đường xu hướng tăng dứt khoát hoặc phá xuống dưới đường xu hướng cách dứt khoát thì giá báo hiệu sắp đảo chiều ngược với đường xu hướng gần nhất
-Khi RSI phá vỡ đường xu hướng giảm của RSI (cách dứt khoát) thì báo hiệu sắp tới giá có khả năng cao sẽ đảo chiều hay tiến tới vùng kháng cự gần nhất hay có thể đảo chiều từ giảm thành tăng
-Khi RSI phá vỡ đường xu hướng tăng của RSI (cách dứt khoát) thì báo hiệu sắp tới giá có khả năng cao sẽ đảo chiều hay tiến tới vùng kháng cự gần nhất hay có thể đảo chiều từ tăng thành giảm
-ngoài ra tôi có tích hợp thêm vào công cụ chức năng phân kì thường của RSI để trader dùng trong trường hợp phân kì - kết hợp với đường trendline để xác định xu hướng đảo chiều rõ ràng hơn
RSI PRECISION (MACD & SMA Signals)RSI PRECISION (Plus MACD & SMA Signals)
Codded by Giorgos Protonotarios, March 2022
This is an enhanced version of RSI PRECISION that incorporates RSI readings and key TA signals into a single oscillator.
■ RSI PRECISION SHORT DESCRIPTION & WHAT IS NEW
RSI PRECISION is an oscillator designed to enhance the classic RSI with price volatility and make it more accurate at longer time frames and during choppy market conditions. The oscillator is ideal for analyzing volatile markets, such as the cryptocurrency market.
In this second version, the RSI Precision formula remains the same, however, there are additional features.
The new oscillator now includes three different trading signals:
• MACD Crossovers (•) -New
• SMA Death/Golden Crosses (x) -New
• RSI Crossovers/Crossunders (▲▼)
■ MACD BULLISH & BEARISH CROSSOVERS
The MACD signals are visualized by a green/red dot (•). The default settings are the standard MACD settings (12,6,9).
NOTE: In lower timeframes, MACD generates too many signals. You can switch off “MACD BULLISH & BEARISH CROSSOVERS” by clicking on ‘SETTINGS’, then ‘STYLE’, and then unselecting ‘Bullish MACD Cross’ and ‘Bearish MACD Cross’.
(i) Bullish MACD cross
• Symbol: Green Dot (•) on the Top
• Event: MACD crosses above its signal line
(ii) Bearish MACD cross
• Symbol: Red Dot (•) on the Bottom
• Event: MACD crosses below its signal line
■ SMA CROSSOVERS
The SMA crossovers are visualized by (X). By default, 50 periods for the fast SMA and 200 periods for the slow SMA (both are customizable).
NOTE: If you change the fast SMA to 1 period, the fast SMA becomes the closing price. Therefore, you can receive signals when the price crosses a key MA, for example, SMA(200).
(i) Bullish SMA Cross
• Symbol: Green (X) on the Top
• Event: The fast SMA crosses above the Slow SMA
(ii) Bearish RSI Cross
• Symbol: Red (X) on the Bottom
• Event: The fast SMA crosses below the Slow SMA
You can adjust the periods for both SMAs (Settings).
■ RSI CROSSOVER/CROSSUNDER
This signal corresponds to a bullish/bearish RSI Precision cross. By default, it is 5 for a bullish crossover and 100 for a bearish crossunder. Of course, these numbers are indicative and can be customized.
(i) Bullish RSI Precision Cross
• Symbol: Green arrow (▲) on the Top
• Event: The RSI Precision crosses above level 5
(ii) Bearish RSI Precision Cross
• Symbol: Red arrow (▼) on the Bottom
• Event: The RSI Precision crosses below level 100
■ RSI PRECISION MISSION
To enhance RSI and make it more accurate on longer time frames, choppy market conditions, and especially during market tops/bottoms.
■ RSI PRECISION OBJECTIVES
(1) identify overbought/oversold market levels in a simple and user-friendly manner
(2) make precise calculations near market tops and bottoms, where price volatility is always booming
(3) make precise calculations on longer time frames (monthly, weekly) where RSI readings are hardly readable
(4) offer three types of trading signals (RSI, MACD, SMA)
■ RSI PRECISION CALCULATIONS
The RSI PRECISION formula consists of 3 different modules:
(a) Relative Strength Index readings
(b) Price Volatility module
(c) RSI Volatility module (optional)
■ BASIC SETTINGS
--RSI PERIODS: -By default, 14.
---RSI PRECISION FORMULA
(i) RSI FACTOR (%)
-You can adjust the weight of RSI readings in the formula.
-By default, 100%.
(ii) PERIODIC PRICE VOLATILITY (%)
-You can adjust the weight of Periodic Price Volatility in the formula.
-By default, 100%.
(iii) RSI VOLATILITY (%)
-This is an extra measurement of volatility. This time the focus is exclusively on periodic RSI volatility, not on price volatility.
-By default, 5%.
--RSI CROSSOVER/CROSSUNDER LEVELS
You can adjust the levels for an RSI PRECISION crossover/crossunder.
- By default, 5 for a bullish crossover and 100 for a bearish crossunder.
--PERIODS FOR SMA CROSSOVERS
You can adjust the periods for the two SMAs.
-By default, 50 periods for the fast SMA and 200 periods for the slow SMA. Some traders describe the crossing of these two SMAs (50/200) as the “Golden/Death Crosses”.
■ FINAL THOUGHTS
The new RSI Precision combines everything in one place. I have been using this enhanced version, myself, as my only oscillator.
As always, happy trading... and remember to make charts, not war.
□ Giorgos Protonotarios,
Financial Analyst, Building Web
(March 2022)
RSI with Trend LinesThe RSI with Trend Lines indicator is a tool designed to analyze the behavior of the Relative Strength Index (RSI) combined with dynamic trend lines. This indicator not only provides the standard RSI reading but also identifies pivot points on the RSI and draws bullish and bearish trend lines based on these points. It also includes customizable options for adjusting trend lines, displaying the RSI moving average, and highlighting key levels such as overbought, oversold, and the center line.
This indicator is ideal for finding and identifying clear trends in the RSI and taking advantage of market breakout or consolidation signals. It also includes a table with the POC value, which represents the price level at which the most trading activity has occurred, indicating the highest liquidity and highest trading volume.
Key Features:
1. Basic RSI:
• Calculates the RSI using a configurable period length (default 14).
• Colors the RSI based on its direction (green for rising, red for falling) and its position relative to the center line (50).
2. Key Levels:
• Displays overbought (70 and 80), oversold (20 and 30), and the center line (50) levels for easy visual interpretation.
3. RSI Moving Average:
• Enables and configures an RSI moving average (SMA, EMA, WMA, or ALMA) to smooth out fluctuations and detect clearer trends.
4. Dynamic Trend Lines:
• Identifies pivot points on the RSI and draws bullish and bearish trend lines.
• Trend lines can be extended into the future or limited to the visible range.
• Includes options to display broken lines (trends that are no longer valid) and customize the style (solid or dashed).
5. Pivot Points:
• Displays the high and low pivot points on the chart for a better understanding of trend changes.
6. Advanced Customization:
• Adjust the pivot point period.
• Control the number of pivot points to consider for trend lines.
• Customize the line thickness and style.
How to Use the Indicator:
1. RSI Interpretation:
• Overbought Zone (RSI > 70): Indicates that the asset may be overvalued and could correct downward.
• Oversold Zone (RSI < 30): Suggests that the asset may be undervalued and could rebound.
• Centerline Crossover (50): A cross above 50 indicates bullish strength, while a cross below suggests weakness.
2. Trend Lines:
• Bullish Lines: Drawn when the RSI forms ascending low pivot points. These lines represent dynamic support.
• Bearish Lines: These are drawn when the RSI forms descending high pivot points. These lines represent dynamic resistance.
• Broken Lines: When a trend line becomes invalid (the RSI breaks the line), they are displayed in a dotted style to highlight the breakout.
3. Possible Trading Signals:
• Buy: When the RSI breaks an upward downtrend line.
• Sell: When the RSI breaks a downward uptrend line.
• Trend Confirmation: When the RSI stays within a valid trend line, it suggests that the current trend is strong.
4. A chart with the POC value:
• The point of control is a price level at which the highest trading volume occurs in a given time period. It is a key component of the Volume Profile indicator, which displays volume by price.
• Use of the POC in trading:
• The POC is used to identify areas of high interest and liquidity for trading.
• The POC provides information about the equilibrium point where buyers and sellers are most evenly matched.
• Therefore, it can be considered a zone of interest, meaning it can act as support or resistance.
RSI Signal Pro[UgurTash]Introducing RSI Signal Pro for TradingView
RSI Signal Pro is a refined version of the standard Relative Strength Index (RSI) , designed to improve signal accuracy by generating alerts in real-time instead of waiting for multiple candle confirmations. This enhancement allows traders to react faster to market movements while maintaining the familiar RSI structure.
What Makes RSI Signal Pro Unique?
✅ Real-Time RSI Signals: Unlike the traditional RSI, which waits for candle confirmations, this version provides immediate buy and sell signals upon key level crossovers.
✅ Dual Trading Modes: Choose between Simple Mode (standard RSI crossovers) and Advanced Mode (momentum-adjusted signals with price validation).
✅ Customizable RSI-Based Moving Average (MA): Optionally apply SMA, EMA, WMA, or VWMA to smooth RSI fluctuations and identify longer-term trends.
✅ Adaptive Signal Filtering: The Advanced Mode reduces false signals by filtering RSI movements with a momentum threshold and historical RSI validation.
✅ User-Friendly Interface: Simple ON/OFF toggles allow easy customization of the indicator's behavior.
How This Indicator Works
🔹 Simple Mode: Identical to traditional RSI, triggering signals when RSI crosses 30 (bullish) or 70 (bearish).
🔹 Advanced Mode: Uses historical RSI pivots, momentum verification, and price confirmation to refine signal accuracy—ideal for traders looking for more precise entries.
🔹 RSI-Based MA: Optionally overlay moving averages onto the RSI, providing additional trend confirmation.
How to Use RSI Signal Pro
1️⃣ Select a mode: Use Simple Mode for frequent alerts or Advanced Mode for refined signals.
2️⃣ Enable RSI-Based MA: Apply SMA, EMA, WMA, or VWMA to smooth RSI fluctuations.
3️⃣ Set alerts: TradingView notifications allow you to react to real-time RSI movements instantly.
4️⃣ Apply to multiple markets: Effective for crypto, forex, stocks, and commodities.
Why Use RSI Signal Pro Instead of Standard RSI?
While RSI Signal Pro maintains the core functionality of the standard RSI, its real-time signal generation allows traders to make faster decisions without the typical delay caused by waiting for candle confirmations. Additionally, the optional momentum filtering and moving average smoothing ensure fewer false signals and better trade accuracy.
RSI Crossover dipali parikhThis script generates buy and sell signals based on the crossover of the Relative Strength Index (RSI) and the RSI-based Exponential Moving Average (EMA). It also includes an additional condition for both buy and sell signals that the RSI-based EMA must be either above or below 50.
Key Features:
Buy Signal: Triggered when:
The RSI crosses above the RSI-based EMA.
The RSI-based EMA is above 50.
A green "BUY" label will appear below the bar when the buy condition is met.
Sell Signal: Triggered when:
The RSI crosses below the RSI-based EMA.
The RSI-based EMA is below 50.
A red "SELL" label will appear above the bar when the sell condition is met.
Customizable Inputs:
RSI Length: Adjust the period for calculating the RSI (default is 14).
RSI-based EMA Length: Adjust the period for calculating the RSI-based EMA (default is 9).
RSI Threshold: Adjust the threshold (default is 50) for when the RSI-based EMA must be above or below.
Visuals:
The RSI is plotted as a blue line.
The RSI-based EMA is plotted as an orange line.
Buy and sell signals are indicated by green "BUY" and red "SELL" labels.
Alerts:
Alerts can be set for both buy and sell conditions to notify you when either condition is met.
How to Use:
Use this script to identify potential buy and sell opportunities based on the behavior of the RSI relative to its EMA.
The buy condition indicates when the RSI is strengthening above its EMA, and the sell condition signals when the RSI is weakening below its EMA.
Strategy Use:
Ideal for traders looking to leverage RSI momentum for entering and exiting positions.
The RSI-based EMA filter helps smooth out price fluctuations, focusing on stronger signals.
This script is designed for both discretionary and algorithmic traders, offering a simple yet effective method for spotting trend reversals and continuation opportunities using RSI.
RSI Team Synergy | JeffreyTimmermansRSI Team Synergy
The "RSI Team Synergy" indicator is an advanced and highly customizable tool that integrates a Double RSI (DRSI) approach for comprehensive trend and momentum analysis. It utilizes two layers of RSI calculations, along with optional smoothing and various moving average types, to enhance signal accuracy. The dynamic visuals and alerts make this indicator a valuable resource for traders aiming to optimize their strategies.
Key Features
Double RSI (DRSI) Calculation
First RSI (Primary Layer): Captures the core price momentum using a configurable period.
Second RSI (DRSI Layer): Applies a second RSI calculation to the smoothed first RSI, refining signals and amplifying trend accuracy.
Double RSI Formula: Combines the smoothed RSI layers into a single robust indicator that adapts to market conditions.
Smoothing and Advanced Moving Averages
Optional Smoothing: Enables users to reduce noise by applying smoothing to both RSI layers.
Advanced MA Options: Supports multiple MA types, including SMA, EMA, WMA, RMA, DEMA, TEMA, VWMA, ZLEMA, and HMA. These can be applied to tailor the indicator to specific trading conditions.
Separate Configurations: Independent smoothing lengths and types for each RSI layer provide unparalleled customization.
Threshold and Signal System
Long Threshold: Highlights bullish conditions when the Double RSI exceeds the threshold.
Short Threshold: Signals bearish conditions when the Double RSI falls below the threshold.
Directional State: Tracks the overall direction using a state-based signal system (bullish, bearish, or neutral).
Dynamic Visualization
Oscillator Color Coding: Green shades for bullish momentum. Red shades for bearish momentum. Dynamic gradients for smoother transitions.
Glow Effect: Optional glowing lines enhance the visual clarity of the oscillator.
Threshold Lines: Configurable dashed horizontal lines to mark critical levels for easy reference.
Bar Color Integration
Bar Coloring: Matches bar colors to the oscillator's direction for cohesive visualization.
Advanced Control: Toggle bar coloring on/off without affecting other plots.
Alerts
Bullish Signal Alert: Triggers when the Double RSI crosses above the long threshold.
Bearish Signal Alert: Triggers when the Double RSI crosses below the short threshold.
Custom Messages: Alerts are equipped with descriptive messages for actionable insights.
Signal Arrows
Bullish Arrow (↑): Marks upward trends directly on the chart.
Bearish Arrow (↓): Highlights downward trends, ensuring traders never miss an opportunity.
Improvements
Customizable Thresholds: Adjustable long and short thresholds allow traders to fine-tune sensitivity.
Enhanced Smoothing Control: Separate smoothing options for each RSI layer provide flexibility in noise reduction.
Multiple MA Types: Extensive support for advanced moving averages to suit diverse trading preferences.
Color-Coded Oscillator: Improves trend visibility with gradient-based coloring and optional glow effects.
Signal Detection: Clear and intuitive arrows directly on the chart for quick signal interpretation.
Alerts and Notifications: Comprehensive alert conditions keep traders informed in real-time.
Use Cases
Momentum Analysis: Identify sustained bullish or bearish trends using the Double RSI calculation.
Noise Reduction: Utilize smoothing and advanced MA options to remove market noise.
Reversal Detection: Spot potential trend reversals with threshold-based signals.
Customizable Strategies: Tailor the indicator for scalping, swing trading, or long-term analysis.
The RSI Team Synergy indicator combines precision, flexibility, and intuitive design, making it an essential tool for traders at all levels. With its innovative Double RSI approach and advanced customization options, it provides actionable insights for mastering market trends.
This script is inspired by "Clokivez" . However, it is more advanced and includes additional features and options.
-Jeffrey
RSI BB StdDev SignalOverview
The RSI BB StdDev Signal Indicator is a powerful tool designed to enhance your trading strategy by combining the Relative Strength Index (RSI) with Bollinger Bands (BB). This unique combination allows traders to identify potential buy and sell signals more accurately by leveraging the strengths of both indicators. The RSI helps in identifying overbought and oversold conditions, while the Bollinger Bands provide a dynamic range to assess volatility and potential price reversals.
Key Features
— RSI Calculation: The indicator calculates the RSI based on user-defined parameters, allowing for customization to fit different trading styles.
— Bollinger Bands Integration: The RSI values are smoothed using a moving average, and Bollinger Bands are applied to this smoothed RSI to generate buy and sell signals.
— Divergence Detection: The indicator includes an optional feature to detect and alert on bullish and bearish divergences between the RSI and price action.
— Customizable Alerts: Users can set up alerts for buy and sell signals, as well as for divergences, ensuring they never miss a trading opportunity.
— Visual Aids: The indicator plots the RSI, Bollinger Bands, and signals on the chart, making it easy to visualize and interpret the data.
How It Works
1. RSI Calculation:
— The RSI is calculated using the change in the source input (default is close price) over a specified period.
— The RSI values are then plotted on the chart with customizable overbought and oversold levels.
2. Smoothing and Bollinger Bands:
— The RSI values are smoothed using a moving average (SMA, EMA, SMMA, WMA, VWMA) selected by the user.
— Bollinger Bands are applied to the smoothed RSI to create dynamic upper and lower bands.
3. Signal Generation:
—Buy signals are generated when the RSI crosses above the lower Bollinger Band.
—Sell signals are generated when the RSI crosses below the upper Bollinger Band.
—These signals are plotted on both the RSI pane and the main price chart for easy reference.
4. Divergence Detection:
— The indicator can detect and alert on regular bullish and bearish divergences between the RSI and price action.
— Bullish divergences occur when the price makes a lower low, but the RSI makes a higher low.
— Bearish divergences occur when the price makes a higher high, but the RSI makes a lower high.
Usage
1. Setting Up:
— Add the indicator to your TradingView chart.
— Customize the RSI length, source, and other parameters in the settings panel.
— Enable or disable the divergence detection based on your trading strategy.
2. Interpreting Signals:
— Use the buy and sell signals generated by the RSI crossing the Bollinger Bands as potential entry and exit points.
— Pay attention to divergences for additional confirmation of trend reversals.
3. Alerts:
— Set up alerts for buy and sell signals to receive notifications in real-time.
— Enable divergence alerts to be notified of potential trend reversals.
Conclusion
The RSI BB StdDev Signal Indicator is a comprehensive tool that combines the strengths of the RSI and Bollinger Bands to provide traders with more accurate and reliable signals. Whether you are a beginner or an experienced trader, this indicator can enhance your trading strategy by offering clear visual cues and customizable alerts.
Note
This indicator is provided with open-source code, allowing users to understand its logic and customize it further if needed. The detailed description and customizable settings ensure that traders of all levels can benefit from its unique features.
RSI + Normalized Fisher Transform with SignalsThis indicator combines three tools for market analysis: the Relative Strength Index (RSI), the RSI's moving average, and the Fisher Transform. RSI is a momentum oscillator that measures the speed and change of price movements, helping identify overbought and oversold conditions. The RSI moving average is a smoothed version of the RSI that filters noise and confirms trends. The Fisher Transform is a mathematical technique that transforms price data into a Gaussian normal distribution, making it easier to identify turning points. It has been normalized to the same scale as the RSI (0-100) for consistency.
Purpose
The goal of this indicator is to identify potential buy and sell opportunities with varying degrees of strength (strong and weak). By combining the RSI, its moving average, and the Fisher Transform, the indicator ensures signals are based on both momentum and reversals, making it highly versatile across different market conditions.
Key Features
This indicator provides strong and weak buy and sell signals. A strong buy occurs when the RSI crosses above its moving average while both the RSI and its moving average are oversold (below the default threshold of 30), and the Fisher Transform reverses direction within the same or prior bar while also being oversold. A weak buy occurs when the Fisher Transform is oversold, and the RSI crosses above its moving average while its value is between the default oversold threshold (30) and 50. A strong sell occurs when the RSI crosses below its moving average while both the RSI and its moving average are overbought (above the default threshold of 70), and the Fisher Transform reverses direction within the same or prior bar while also being overbought. A weak sell occurs when the Fisher Transform is overbought, and the RSI crosses below its moving average while its value is between 50 and the default overbought threshold (70).
The indicator includes customizable thresholds and lengths. Users can adjust the oversold and overbought thresholds to suit their trading style. The RSI length, moving average length, and Fisher Transform length are also customizable. The Fisher Transform is scaled to the RSI’s range of 0-100 to simplify analysis and signal interpretation.
How to Use the Indicator
On the chart, you will see the RSI line in blue, the RSI moving average in orange, and the Fisher Transform in purple. Horizontal lines at the default oversold (30) and overbought (70) levels mark critical zones for signals. Adjust these thresholds in the indicator settings as needed.
Strong buy signals are shown as larger, darker green arrows below the price. Weak buy signals are small lime arrows below the price. Strong sell signals are larger, darker red arrows above the price. Weak sell signals are small fuchsia arrows above the price.
Signal Interpretation
A strong buy indicates a highly favorable buying opportunity. This typically occurs when the asset is in a downtrend but shows signs of reversal, particularly in oversold zones. A weak buy suggests a potential buying opportunity but with less conviction, often when the market is neutral to slightly bearish but showing upward momentum. A strong sell indicates a highly favorable selling opportunity, usually occurring when the asset is in an uptrend but shows signs of reversal, particularly in overbought zones. A weak sell suggests a potential selling opportunity but with less conviction, often in neutral to slightly bullish markets showing downward momentum.
Practical Tips
Avoid using signals in isolation. Combine this indicator with other tools such as trendlines, moving averages, or support/resistance levels for greater accuracy. Adjust the parameters for different assets to match their volatility. For volatile assets, consider wider thresholds like 20/80 for oversold/overbought levels. For less volatile assets, tighter thresholds like 35/65 may be more appropriate. Use higher timeframes to confirm signals before trading on lower timeframes. Be cautious in sideways markets, as both RSI and the Fisher Transform perform better in trending conditions.
Instructions for Adjustments
To change the oversold or overbought levels, open the indicator settings by clicking the gear icon and modify the "Oversold Threshold" and "Overbought Threshold" values. To adjust lengths for RSI and Fisher Transform, update the "RSI Length," "RSI Moving Average Length," and "Fisher Transform Length" settings. If needed, toggle signal visibility by enabling or disabling specific arrows (Strong Buy, Weak Buy, Strong Sell, Weak Sell) in the "Style" tab.
Best Practices
Risk management is essential. Always set appropriate stop-loss levels and position sizes based on your risk tolerance. Backtest the indicator on historical data to understand its performance and behavior for your chosen asset and timeframe. Combining this indicator with volume or volatility analysis (Bollinger Band Width, for example) can help confirm signal validity.
This indicator simplifies decision-making by identifying high-probability trading opportunities using a combination of momentum, trend, and reversals. Follow these instructions to fully utilize its capabilities without needing to analyze the underlying code.
RSI with Swing Trade by Kelvin_VAlgorithm Description: "RSI with Swing Trade by Kelvin_V"
1. Introduction:
This algorithm uses the RSI (Relative Strength Index) and optional Moving Averages (MA) to detect potential uptrends and downtrends in the market. The key feature of this script is that it visually changes the candle colors based on the market conditions, making it easier for users to identify potential trend swings or wave patterns.
The strategy offers flexibility by allowing users to enable or disable the MA condition. When the MA condition is enabled, the strategy will confirm trends using two moving averages. When disabled, the strategy will only use RSI to detect potential market swings.
2. Key Features of the Algorithm:
RSI (Relative Strength Index):
The RSI is used to identify potential market turning points based on overbought and oversold conditions.
When the RSI exceeds a predefined upper threshold (e.g., 60), it suggests a potential uptrend.
When the RSI drops below a lower threshold (e.g., 40), it suggests a potential downtrend.
Moving Averages (MA) - Optional:
Two Moving Averages (Short MA and Long MA) are used to confirm trends.
If the Short MA crosses above the Long MA, it indicates an uptrend.
If the Short MA crosses below the Long MA, it indicates a downtrend.
Users have the option to enable or disable this MA condition.
Visual Candle Coloring:
Green candles represent a potential uptrend, indicating a bullish move based on RSI (and MA if enabled).
Red candles represent a potential downtrend, indicating a bearish move based on RSI (and MA if enabled).
3. How the Algorithm Works:
RSI Levels:
The user can set RSI upper and lower bands to represent potential overbought and oversold levels. For example:
RSI > 60: Indicates a potential uptrend (bullish move).
RSI < 40: Indicates a potential downtrend (bearish move).
Optional MA Condition:
The algorithm also allows the user to apply the MA condition to further confirm the trend:
Short MA > Long MA: Confirms an uptrend, reinforcing a bullish signal.
Short MA < Long MA: Confirms a downtrend, reinforcing a bearish signal.
This condition can be disabled, allowing the user to focus solely on RSI signals if desired.
Swing Trade Logic:
Uptrend: If the RSI exceeds the upper threshold (e.g., 60) and (optionally) the Short MA is above the Long MA, the candles will turn green to signal a potential uptrend.
Downtrend: If the RSI falls below the lower threshold (e.g., 40) and (optionally) the Short MA is below the Long MA, the candles will turn red to signal a potential downtrend.
Visual Representation:
The candle colors change dynamically based on the RSI values and moving average conditions, making it easier for traders to visually identify potential trend swings or wave patterns without relying on complex chart analysis.
4. User Customization:
The algorithm provides multiple customization options:
RSI Length: Users can adjust the period for RSI calculation (default is 4).
RSI Upper Band (Potential Uptrend): Users can customize the upper RSI level (default is 60) to indicate a potential bullish move.
RSI Lower Band (Potential Downtrend): Users can customize the lower RSI level (default is 40) to indicate a potential bearish move.
MA Type: Users can choose between SMA (Simple Moving Average) and EMA (Exponential Moving Average) for moving average calculations.
Enable/Disable MA Condition: Users can toggle the MA condition on or off, depending on whether they want to add moving averages to the trend confirmation process.
5. Benefits of the Algorithm:
Easy Identification of Trends: By changing candle colors based on RSI and MA conditions, the algorithm makes it easy for users to visually detect potential trend reversals and trend swings.
Flexible Conditions: The user has full control over the RSI and MA settings, allowing them to adapt the strategy to different market conditions and timeframes.
Clear Visualization: With the candle color changes, users can quickly recognize when a potential uptrend or downtrend is forming, enabling faster decision-making in their trading.
6. Example Usage:
Day traders: Can apply this strategy on short timeframes such as 5 minutes or 15 minutes to detect quick trends or reversals.
Swing traders: Can use this strategy on longer timeframes like 1 hour or 4 hours to identify and follow larger market swings.
RSI Overlay Table - 30 Tickers Sorted with ColorOverview
The RSI Overlay Table script provides traders with a powerful tool to monitor the Relative Strength Index (RSI) across multiple tickers in real-time. This script enables users to keep track of up to 30 different assets simultaneously, displaying their RSI values in an easy-to-read table format directly on the chart. It helps traders identify overbought and oversold conditions quickly, enhancing their ability to make informed trading decisions.
Key Features
Monitor Multiple Tickers: Track the RSI values of up to 30 different tickers at once. This allows users to have a broad view of market conditions across various assets without the need to switch between charts.
Dynamic RSI Calculations: The script calculates the RSI using the user-defined length, providing flexibility to adjust sensitivity based on the trading strategy. The default RSI length is set to 14, a commonly used period in technical analysis.
Customizable Overbought and Oversold Levels: Users can define their own overbought and oversold RSI levels, allowing them to tailor the script to their trading style. By default, the overbought level is set at 70, and the oversold level is set at 30.
Hide Neutral Rows Option: To help traders focus on the most critical signals, the script includes an option to hide rows where the RSI values are neither overbought nor oversold. This feature helps traders concentrate on assets that are more likely to experience a price reversal.
Color-Coded Alerts: The script highlights overbought and oversold conditions with distinct colors:
Red: Indicates that the asset is overbought (RSI above the user-defined overbought level).
Green: Indicates that the asset is oversold (RSI below the user-defined oversold level).
How to Use the RSI Overlay Table Script
Input Tickers: Enter up to 30 ticker symbols in the script settings. The script will automatically fetch the RSI values for each ticker and display them in the overlay table on the chart.
Adjust RSI Settings: Modify the RSI length and the overbought/oversold levels according to your trading strategy. These settings can be adjusted in the script input panel.
Use the Hide Neutral Rows Option: Toggle the “Hide Neutral Rows” option to focus only on tickers that are in overbought or oversold conditions. This feature is useful for traders who wish to filter out less significant signals and only act on strong RSI indicators.
Interpret the Table: The table will display each ticker symbol alongside its current RSI value. Tickers with RSI values above the overbought level will be highlighted in red, suggesting a potential sell signal. Tickers with RSI values below the oversold level will be highlighted in green, indicating a potential buy signal.
Application and Strategy
The RSI Overlay Table script is designed for traders who manage multiple assets and need to monitor their technical indicators efficiently. It is particularly useful for:
Swing Traders: Identifying overbought and oversold conditions to time entries and exits.
Portfolio Managers: Monitoring the relative strength of various assets in a portfolio.
Scalpers: Quickly spotting extreme price movements across multiple assets.
Notes
This script is intended to be used as a supplementary tool for technical analysis. Always use it in conjunction with other indicators and market analysis techniques.
The RSI values and signals provided by this script should not be taken as financial advice.
The RSI Overlay Table script provides a clear and efficient way to track RSI values across multiple assets, helping traders make more informed decisions. By offering customizable settings and a clean, color-coded interface, this tool aims to enhance the user's trading experience and streamline their analysis process.
RSI + Divergences + Alerts [MisterMoTA]The indicator RSI + Divergences + Alerts by MisterMoTA is an RSI indicator that fills the RSI and RSI moving average with 4 different colors (growing up, falling up, falling down and rising down colors), users can customize colors from dashboard , also can be disabled the fill if the user want a standard RSI.
The dafault value of RSI is 14 and value of the moving average is 50 ( a dynamic 50 rsi line is better for trend identification than a standard 50 line) and users can change the values from indicator settings.
For detecting the divergences displayed in the indicator, I integrated in our script the default Divergences indicator from Tradingview, users can display, hide and change colors for regular and hidden divergences.
RSI indicator display also trend conditions for RSI and RSI MA, the RSI MA angle is calculated using ATR value, the slope of the RSI Noving Average can help to identify trend conditions too.
The script comes with 12 different alerts, if need different alerts please let me know in the comments and will update the script with your request:
Alert for Regular Bullish Divergence
Alert for Regular Bearish Divergence
Alert for Hidden Bullish Divergence
Alert for Hidden Bearish Divergence
Alert for RSI Overbought
Alert for RSI Extreme Overbought
"Alert for RSI Oversold
Alert for RSI Extreme Oversold
Alert for RSI Crossing Above RSI MA
Alert for RSI Crossing Bellow RSI MA
Alert for RSI Crossing Above 50
Alert for RSI Crossing Bellow 50
Please follow me for other script like this one.
Kind regards,
MisterMoTA
RSI Supreme Multi-Method [MyTradingCoder]Introducing the "RSI Supreme Multi-Method" indicator, a powerful tool that combines the Relative Strength Index (RSI) with selectable manipulation methods to identify overbought and oversold conditions in the market, along with the ability to detect divergences for enhanced trading insights.
The indicator features four distinct manipulation methods for the RSI, each providing valuable insights into market conditions:
1. Standard RSI Method: The indicator uses the traditional RSI calculation to identify overbought and oversold areas.
2. Volatility Weighted RSI Method: This method applies a volatility formula to the RSI calculation, allowing for a more responsive indication of market conditions during periods of heightened volatility. Users can adjust the length of the volatility formula to fine-tune this method.
3. Smoothed RSI Method: The smoothed RSI method utilizes a smoothing algorithm to reduce noise in the RSI values, presenting a clearer representation of overbought and oversold conditions. The length of the smoothing can be adjusted to match your trading preferences.
4. Session Weighted RSI Method: With this innovative method, users can specify multipliers for different time sessions throughout the day to manipulate the base RSI. Each session can be customized with start and end times, enabling or disabling specific sessions, and specifying the multiplier for each session. This feature allows traders to adapt the RSI to different market sessions dynamically.
Additionally, the "RSI Supreme Multi-Method" indicator draws divergences on the oscillator, providing an extra layer of analysis for traders. Divergences occur when the direction of the RSI differs from the direction of the price movement, potentially signaling trend reversals.
Key Settings:
RSI Length: Adjust the length of the base RSI before applying any manipulation.
RSI Source: Determine the data source for the base RSI calculation.
Overbought Value: Set the RSI value at which overbought conditions are indicated.
Oversold Value: Set the RSI value at which oversold conditions are indicated.
RSI Type: Choose from four options: Standard, Smoothed, Volatility Manipulated, or Session Manipulated.
Volatility Manipulated Settings: Adjust the length of the volatility formula (applicable to Volatility Manipulated method).
Smoothed Settings: Adjust the length of the smoothing (applicable to Smoothed method).
Session Manipulated Settings: Customize six different time sessions with start and end times, enable or disable specific sessions, and specify multipliers for each session.
Divergence Color: Adjust the color of the drawn divergences to suit your chart's aesthetics.
Divergence Tuning: Fine-tune the sensitivity of the divergence detection for more accurate signals.
The "RSI Supreme Multi-Method" indicator is a versatile and comprehensive tool that can be used to identify overbought and oversold areas, as well as to spot potential trend reversals through divergences. However, like all technical analysis tools, it should be used in conjunction with other indicators and analysis methods to make well-informed trading decisions.
Enhance your trading insights with the "RSI Supreme Multi-Method" indicator and gain an edge in identifying critical market conditions and divergences with precision.
RSI Dot Party - All Lengths From 1 To 120The RSI Dot Party indicator displays all RSI lengths from 1 to 120 as different colored dots on the chart.
🔶 Purpose
Show the reversal point of price action to time entries and exits.
🔶 USAGE
When a dot displays it is a indication of the reversal of the price/trend. The larger the dot the more likely it is to reverse.
The Default settings generates dots for extreme cases where the RSI is over = 90 or under = 10 for every RSI length in the range of 1-120.
Example if the RSI of length 1 or 2 or 3 or 4 or ... or 15 or 16 or 17 or ... or 80 or 81 or 82 or ... if any of does RSI crosses a boundary a dot is shown.
A boundary is the over/under the RSI oscillates in.
Customize the settings until the dots match up with the high and lows of past price action.
🔶 SETTINGS
🔹 Source
Source 1: Is the First Source RSI is calculated from
Source 2: Is the Second Source RSI is calculated from
🔹 Meta Settings
Hours back to draw: To speed up the script calculate it only draws a set number of hours back, default is 300 hours back in time to draw then it cuts off.
Show Dots: Show or disable dots
Show Bar Color: Color the bars for each RSI incident
Filter Cross: Filters and only shows dots when the RSI crosses above or bellow a boundary. If not all candles above or bellow the boundaries will display a dot.
Dots Location Absolute: Instead of showing the dots above or bellow the candle, the dots will show up on the top and bottom of the window.
🔹 7 RSI Groups
There are a total of 7 RSI colors.
Range Very Tiny: Default Color Green
Range Tiny: Default Color Purple
Range Small: Default Color Yellow
Range Normal: Default Color Red
Range Large: Default Color Blue
Range Huge: Default Color Dark Purple
Range Very Huge: Default Color White
🔹 RSI Group Settings
Hi/Low Color: Change the Color of that group.
Start/End: The Start and End range of this RSI color. Example if start = 5 and end = 10 the RSI of 5,6,7,8,9,10 will be displayed on the chart for that color, if any of does RSI goes above or bellow the boundary a dot is displayed on that candle.
Delay: The RSI needs to be above or bellow a boundary for x number of candles before displaying a dot. For example if delay = 2 and the RSI is over = 70 for 2 candles then it will display a dot.
Under/Over: Boundaries that indicate when to draw a dot, if over = 70 and RSI crosses above 70 a dot is displayed.
🔹 Show
Section that allows you to disable RSI grounds you dont want to see, this also removes them from the alert signal generated.
Show Low: Show or disable Low RSI dots
Show High: Show or disable High RSI dots
🔶 ALERTS
Alert for all New RSIs Dots Created in real time
The alert generated depends on what groups are showing or not, if the green group is disabled for example the alert will not be generated.
🔶 Warning
When a dot shows up it can continue moving. For example if a purple dot shows itself above a 15 minute candle, if that candle/price continue to extend up the dot will move up with it.
Dots can also disappear occasionally if the RSI moves in and out of a boundary within that candles life span.
🔶 Community
I hope you guys find this useful, if you have any questions or feature requests leave me a comment! Take care :D
RSI Timeframes + Shadow
The RSI Timeframes + Shadow can be used to view RSI in different graphic times and at the same time analyze the RSI of another asset correlated with the current example: altcoins and BTC dominance, equities and SP500 , Brazilian equities and IBOV or FIIs and IFIX .
Fast RSI - yellow line
Slow RSI - white line
Correlational RSI - red line
It allows you to set an additional time frame different to the one on your chart. With this you could for example use a slower RSI than your other Strategy's candle period.
In the example the vertical lines in the graph show when the fast RSI crosses above the slow RSI represented by the cyan line and when the fast RSI crosses below the slow RSI represented by the red line.
You can also change the settings to view the RSI of other assets correlated with the current one to track them in the same graph time.
This indicator works with any available symbol.
#brazilian portuguese
O RSI Shadow pode ser utilizado para ver o RSI em tempos gráficos diferentes e ao mesmo tempo analisar o RSI de outro ativo correlacionado com o atual exemplo: Altcoins e dominância do BTC , acoes e SP500 , acoes brasileiras e IBOV ou FIIs e IFIX .
RSI rápido - linha amarela
RSI lento - linha branca
RSI correlacional - linha vermelha
Ele permite que você defina um período de tempo adicional diferente daquele em seu gráfico. Com isso, você pode, por exemplo, usar um RSI mais lento do que o período de vela da sua outra estratégia.
No exemplo as linhas verticais no gráfico mostra quando o RSI rápido cruza acima do RSI lento representado pela linha ciano e quando RSI rápido cruza abaixo do RSI lento representado pela linha vermelha.
Voce também pode alterar as configurações para visualizar o RSI de outro ativo correlacionado com o atual para acompanha eles no mesmo tempo gráfico.
Esse indicador funciona com qualquer simbolo disponível.
RSI band with Signal alert//th/en
//th
สวัสดีครับท่านสมาชิก
ก่อนอื่นต้องขอเกริ่นก่อนเลยว่า Indicator ตัวนี้ถูกสร้างขึ้นมาบนพื้นฐานของ RSI จริง เพียงแต่ใช้ค่า EMA27 ในการสร้าง เนื่องจากผมยังไม่สามารถเขียน RSI band ที่โยงกับราคาได้ในส่วนนี้เองได้
แต่ทั้งนี้ขอให้ท่านใจเย็น ๆ และฟังผมสักหน่อย เนื่องจากก่อนหน้านี้ผมได้สังเกตเห็นว่า EMA27 นั้นมีค่าเท่ากับ RSI14 ที่ค่า 50 พอดี ดังนั้นผมจึงเลือกที่จะสร้างมันขึ้นมาด้วย EMA27 เพราะง่ายต่อการเขียน
วิธีการใช้งานมีดังต่อไปนี้
Indicator ตัวนี้ใช้งานเหมือน RSI14 วิธีการอ่านคือให้นับเส้น EMA27 เป็นค่า 50 ของ RSI14 ดังนั้นให้เราพิจารณาการซื้อขายดังต่อไปนี้ (โดยหลังจากนี้ผมจะเรียก EMA27 ที่สร้างขึ้นว่า RSI band)
พิจารณาเข้าซื้อ : เมื่อราคาทะลุ RSI band ขึ้นไปและย่อตัวทำ Higher Low เหนือเส้น RSI band
พิจารณาขายออก : เมื่อราคาทะลุ RSI band ลงมาและรีบาวน์ทำ Lower High ใต้เส้น RSI band
# ทั้งนี้ผมได้ทำสีแท่งเทียนไว้เพื่อให้ง่ายต่อการสังเกต โดยการนำไปใช้อาจนำสีของเส้นขอบแท่งเทียนออก แล้วในส่วนของไส้แท่งเทียนให้ใช้สีที่ไม่เจาะจงราคาบวกลบอย่างสี #434651
โดยเราสามารถดู Divergence โดยการเทียบความต่างระหว่างราคาและ RSI band ได้ดังนี้
ในแนวโน้มขาลง : ให้เปรียบเทียบความต่างระหว่างราคากับ RSI band ของ Lower Low ปัจจุบันกับ Low ก่อนหน้า โดยถ้าความต่างของ Low ลดลงเรื่อย ๆ จนราคาเข้าใกล้เส้น RSI band ให้พิจารณาเข้าซื้อ
ในแนวโน้มขาขึ้น : ให้เปรียบเทียบความต่างระหว่างราคากับ RSI band ของ Higher High ปัจจุบันกับ High ก่อนหน้า โดยถ้าความต่างของ High ดลงเรื่อย ๆ จนราคาเข้าใกล้เส้น RSI band ให้พิจารณาขายออก
ทั้งนี้ผมได้สร้าง Signal alert ไว้เพื่อให้ง่ายต่อการสังเกต โดยสร้างมาจากเงื่อนไขดังนี้ (ห้ามทำการซื้อขายตาม Signal alert เด็ดขาด เพราะเค้าแค่บอกจุดตามเงื่อนไขที่ตั้งไว้ บางทีอาจมีสัญญาณซื้อแล้วให้ซื้อต่อโดยไม่มีสัญญาณขายเลยก็ได้)
Buy : เมื่อ RSI14 ตัดขึ้นที่ค่า 50 พร้อมกับ RSI14 ตัดขึ้น Signal ที่ผมตั้งไว้ (ผมใช้ EMA7 ของ RSI14)
Prepare to Sell : เมื่อ RSI14 ตัดลง Signal ในขณะที่ RSI14 นั้น มีค่ามากกว่า 70
Sell/Short Top : เมื่อ RSI14 ตัดลงที่ค่า 70 พร้อมกับ RSI14 ตัดลง Signal (จะมีขึ้นแสดงว่า Peak ในกราฟ)
Buy : เมื่อ RSI14 ตัดลงที่ค่า 50 พร้อมกับ RSI14 ตัดลง Signal
Prepare to Buy : เมื่อ RSI14 ตัดขึ้น Signal ในขณะที่ RSI14 นั้น มีค่าน้อยกว่า 30
TP Short/Buy Bottom : เมื่อ RSI14 ตัดขึ้นที่ค่า 30 พร้อมกับ RSI14 ตัดขึ้น Signal (จะมีขึ้นแสดงว่า Deep ในกราฟ)
# สาเหตุที่ใส่ข้อความใน Signal alert เพียงแค่ตอน Sell/Short Top และ TP Short/Buy Bottom เพื่อลดโอกาสเกิดการแพนิคที่เกิดจากการสังเกตได้ โดยในสัญญาณตัวอื่นจะมีแค่เครื่องหมาย * เพียงอย่างเดียว
ขอให้โชคดีครับ
Firstssk
////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////
//en (Google Translate)
Hello, Trader
First of all, I have to say that this indicator is built on the basis of a real RSI, just using the EMA27 value to create it, since I still can't write an RSI band that is tied to the price in this section.
But please be patient and listen to me a bit. Since I previously noticed that EMA27 is exactly equal to RSI14 at 50, so I chose to build it with EMA27 because it's easier to write.
Here's how to use it:
This indicator works like RSI14. The reading method is to count the EMA27 line as the 50 value of RSI14, so let's consider the following trading. (After this I will call the created EMA27 RSI band)
Consider buying : When the price breaks the RSI band up and makes a Higher low above the RSI band.
Consider selling : When the price breaks the RSI band down and rebounds to make a Lower high below the RSI band.
# However, I have colored the candlesticks to make them easier to spot. By applying it may remove the color of the candlestick border. Then for the wick part, use a color that does not specify the price plus and minus color #434651
We can see the divergence by comparing the difference between the price and the RSI band as follows.
In a downtrend : Compare the difference between the price and the RSI band of the current Lower Low and the previous Low. If the divergence of the Low continues to decrease until the price approaches the RSI band, consider buying.
In an uptrend : Compare the price difference between the RSI band of the current Higher High and the previous high. If the divergence of the High continues to decrease until the price approaches the RSI band, consider selling.
I have created a Signal alert for easy observation. It was created from the following conditions: (Do not trade according to Signal alert strictly because they just tell the point according to the conditions set There may be a buy signal and then buy again without a sell signal.)
Buy : When RSI14 crosses above 50 with RSI14 crosses up the signal I set (I use EMA7 of RSI14).
Prepare to Sell : When RSI14 crosses signal while RSI14 is greater than 70.
Sell/Short Top : When RSI14 crosses down at 70 with RSI14 crosses down Signal (it will show "Peak" on the chart)
Buy : When RSI14 crosses down to 50 with RSI14 crosses down signal.
Prepare to Buy : When RSI14 crosses signal while RSI14 is less than 30.
TP Short/Buy Bottom : When RSI14 crosses above 30 with RSI14 crosses up signal (it will show "Deep" in the chart).
# The reason why I put the message in Signal alert only at Sell/Short Top and TP Short/Buy Bottom to reduce the chance of panic occurring from observation. In other signals, there will only be a * sign.
Good luck.
Firstssk
RSI PRECISIONRSI PRECISION
By Giorgos Protonotarios, Financial Analyst
(March 2021)
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■ SHORT DESCRIPTION
RSI PRECISION is an oscillator designed to enhance RSI with price volatility and make it much more accurate on longer time frames. The oscillator aims to identify overbought/oversold market levels, and it is ideal for analyzing volatile markets such as the cryptocurrency market.
RSI PRECISION is extensively tested and optimized to work properly with any financial-traded asset. However, there is the option to customize settings, in order to match any out-of-the-ordinary market conditions.
■ RSI PRECISION MISSION
To enhance RSI and make it more accurate on longer time frames, and especially during market tops/bottoms.
■ RSI PRECISION OBJECTIVES
The RSI PRECISION formula combines RSI readings with the periodic measurement of market volatility. The main objectives are:
(1) identify overbought/oversold market levels in a simple and user-friendly manner
(2) make precise calculations near market tops and bottoms, where price volatility is always booming
(3) make precise calculations on longer time frames (monthly, weekly) where RSI readings are hardly readable
(4) allowing traders to experiment by offering a plethora of different settings
■ RSI PRECISION CALCULATIONS
The RSI PRECISION consists of 3 components:
(a) Relative Strength Index readings
(b) Price Volatility measurement (on a periodic base and according to the selected time frame)
(c) RSI Volatility measurement (optional)
■ BASIC SETTINGS
There are plenty of parameters. Negative values are allowed in order to enhance user experimentation:
--RSI PERIODS:
The RSI is most typically used on a 14-period timeframe. However, you can perfectly use RSI PRECISION on a 21-period timeframe. By default, it is 14.
--RSI FACTOR (%)
You can adjust the weight of RSI readings in the formula. By default, it is 100%.
--PERIODIC PRICE VOLATILITY (%)
You can adjust the weight of Periodic Price Volatility in the formula. If you enter the value=0, then the formula becomes the classic RSI. By default, it is 100%.
--ADD PERIODIC RSI VOLATILITY (%)
This is an extra measurement of volatility. This time the focus is exclusively on periodic RSI volatility, not on price volatility. By default, it is 0%.
--CROSSOVER/CROSSUNDER LEVELS
You can create visual signals on any significant RSI PRECISION crossover/crossunder.
--BASE LEVEL
The base level is the level of RSI PRECISION equilibrium. Below the level of equilibrium, RSI PRECISION readings are colored in red. By default, it is 50.
Happy trading!
□ Giorgos Protonotarios
(March 2021)
RSI + Stochastic RSI Indicator CombinedFree to use RSI and Stochastic RSI, combined within one indicator.
The RSI and Stochastic RSI are two of the most commonly used and respected indicators in trading technical analysis. By placing them on top of each other you can save valuable space on your chart and stay more easily within your TradingView indicator limit.
The RSI is bright blue, with the "neutral" 30-70 chart area shaded blue.
The Stoch RSI is red and blue, with the "neutral" 20-80 chart area shaded purple.
None of the other annotations shown above will appear, they are only to demonstrate how they can be interpreted.
So what does the RSI do?
Broadly speaking, the Relative Strength Index measures the strength and movements of a market.
Above 70 the RSI is considered oversold = an increased likelihood of an incoming price drop.
Below 30 the RSI is considered undersold = an increased likelihood of an incoming price rise.
What does the Stochastic RSI do?
Broadly speaking, the Stochastic RSI measures the momentum of a market. It does this by measuring the RSI relative to its own high/low over the previous period.
Above 80 the Stoch RSI is considered oversold = an increased likelihood of an incoming price drop.
Below 20 the Stoch RSI is considered undersold = an increased likelihood of an incoming price rise.
Look for when the two Stoch RSI lines cross over - it is an important signal.
When the blue line is on top we have momentum driving the price up; when the red line is on top we have momentum driving the price down.
The key here is to look for periods where both the RSI and Stoch RSI are both low at the same time (especially on the daily chart) = an extremely promising entry point to catch a move up. Equally, looking for periods where both the RSI and Stoch RSI are very high is likely a good exit point (or at least a time to make absolutely certain you have a suitable stop-loss in place), because a price drop is likely not far away.
Remember: the Stoch RSI does not always fluctuate cleanly between the top and bottom. At any time it can change direction to reflect market conditions, which is why a stop loss is essential at all times. Equally, just because the RSI or Stoch RSI is at 100, it is still possible for it to keep going up due to whale action or traders FOMOing in. The same applies at low levels. Both these indicators represent historical data and therefore are not strictly predictive in nature, but show trends that may be in action.
Please give me a thumbs up and follow me if you found this useful. This tool is for educational purposes only and not a recommendation to buy or sell. Always do your own research before trading. Make sure to add this to your favourite scripts.
Best wishes,
BCryptological
ps - combine this powerful indicator with knowledge of strong support and resistance points with the 50/100/200 Moving Average . This will help you identify likely entry/exit points to maximise the accuracy of your predictions.
RSI Candle Trend🎯 Purpose:
This TradingView script is designed to visualize trend strength using RSI values as candle data, instead of traditional price candles. It transforms RSI data into custom candles using various smoothing and filtering methods (like Heikin-Ashi, Linear Regression, Rational Quadratic Filter, or McGinley Dynamic). It allows traders to:
📌Track RSI-based momentum using visual candle representation
📌Apply advanced smoothing/filters to the RSI to reduce noise
📌Highlight candle trend strength using dynamic coloring
📌Identify overbought/oversold zones using reference lines (RSI 80 and 20)
🧩 How It Works:
It calculates RSI values for open, high, low, close prices.
These RSI values are then optionally smoothed with user-selected moving averages (EMA, SMA, etc.).
Depending on the selected mode (Normal, Heikin-Ashi, Linear, Rational Quadratic), the RSI values are transformed into synthetic candles.
Candles are colored cyan (uptrend) or red (downtrend) based on RSI movement.
⚙️ Key Inputs:
Method: Type of moving average to smooth the RSI (e.g. EMA, SMA, VWMA, etc.)
Length: Length for RSI and smoothing filters
Candle: Type of candle transformation (Normal, Heikin-Ashi, Linear, Rational Quadratic)
Rational Quadratic: Parameter for the Rational Quadratic smoothing method
📊 Outputs:
Custom candles plotted using RSI-transformed values
Candle colors based on RSI strength:
Cyan for strong bullish RSI movement
Red for strong bearish RSI movement
Horizontal lines at RSI levels 80 and 20 (overbought/oversold)
🧠 Why Use This Indicator?
Unlike traditional RSI indicators that show a line, this tool:
Converts RSI into candle-style visualization
Helps traders visually interpret trend strength, reversals, or continuation patterns
Offers more refined control over RSI behavior and filtering
Provides a unique blend of momentum and candle analysis
❗Important Note:
This script is provided for educational purposes and does not constitute financial advice. Traders and investors should conduct their research and analysis before making any trading decisions.
RSI Strength & Consolidation Zones (Zeiierman)█ Overview
RSI Strength & Consolidation Zones (Zeiierman) is a hybrid momentum and volatility visualization tool that blends enhanced RSI interpretation with ADX-driven consolidation detection. This indicator doesn't just show where RSI is trending — it interprets how strong that trend is, when that strength changes, and where the market may be consolidating in anticipation of breakout movement.
Using a combination of Kalman-filtered RSI, custom-built DMI/ADX, and low-volatility zone recognition, it gives traders a dynamic RSI with strength-based coloring, while also highlighting consolidation zones to spot breakout opportunities.
█ Its uniqueness
Traditional RSI indicators lack context. They may show you when the market is overbought or oversold, but they won’t tell you how strong that condition is, or whether it’s likely to result in continuation or consolidation.
This tool aims to solve that by introducing adaptive strength metrics and structural compression zones, allowing traders to anticipate when the market is likely preparing for a move.
█ How It Works
⚪ Enhanced RSI
Combines traditional RSI and a custom RSI implementation
Smooths both through a Kalman filter for trend direction
Final RSI line reflects smoothed consensus between manual and built-in RSI
Adds an RSI + Strength overlay to show when the directional conviction is increasing
⚪ ADX-Driven Strength Layer
Directional Movement Index (DMI) is calculated both manually and with built-in smoothing
The average ADX value is used to calculate a strength modifier
When ADX exceeds 20, RSI is dynamically enhanced or dampened to reflect directional force
Resulting visual: RSI appears stronger or weaker based on confirmed trend conditions
⚪ Consolidation Zone Detection
When ADX falls below 20, the indicator enters a consolidation zone state
Boxes are drawn dynamically to contain the price within these low-volatility structures
Once the price breaks out of the zone, the indicator plots a breakout signal (▲ or ▼)
⚪ Breakouts
Breakout markers are placed at the first close outside the consolidation box
These signals serve as early indicators for potential trend continuation or reversal
█ How to Use
⚪ Confirm Momentum Strength
Use the RSI + Strength line to determine whether current momentum is backed by trend conviction. If strength expands alongside rising RSI, the move has confirmation.
⚪ Consolidations Zones
When RSI is around the midline, and a consolidation box appears, expect lower volatility and a range-bound market, followed by a breakout.
⚪ Use Breakout Signals for Entry
Look for ▲ or ▼ markers as early triggers. These often coincide with volume expansions or structural breaks.
█ Settings Explained
RSI Length – Number of bars used for RSI. Shorter = more sensitive.
DMI Length – Used in both custom and built-in ADX/DI calculations.
ADX Smoothing – Smooths the trend strength signal. Higher values = smoother strength detection.
Trend Confirmation (Filter Strength) – Adjusts the responsiveness of the Kalman filter.
-----------------
Disclaimer
The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
RSI SiaThis script is a custom indicator for TradingView written in Pine Script version 5. It calculates the Relative Strength Index (RSI) and uses it to generate trading signals. Here's a breakdown of what the script does:
Key Features:
RSI Calculation:
The script calculates the RSI using a 14-period window.
It also calculates the momentum of the RSI over a 9-period window (rsi delta) and a simple moving average (SMA) of the RSI over a 3-period window (rsi sma).
Composite Index (CI):
The composite index is calculated as the sum of rsi delta and rsi sma.
Horizontal Lines and Zones:
Several horizontal lines are plotted at different levels (e.g., 20, 40, 60, 80, 120, 150, 180) to indicate overbought and oversold conditions.
Filled zones are created between certain levels to highlight areas of interest.
Moving Averages:
The script plots SMA and EMA of the RSI when Enable RSI ma is set to true.
It also plots moving averages of the composite index.
Crossover Signals:
The script detects bullish and bearish crossovers between the SMA and EMA of the RSI.
It plots shapes (labels) on the chart to indicate buy (BUY) and sell (SELL) signals based on these crossovers.
Usage:
Enable RSIma: This input allows you to enable or disable the plotting of RSI moving averages.
i1: This variable is used to adjust the vertical position of the composite index and its moving averages.
Visualization:
The RSI is plotted in black.
The RSI fast trigger line (SMA of RSI) is plotted in green when enabled.
The RSI slow trigger line (EMA of RSI) is plotted in orange when enabled.
The composite index and its moving averages are plotted in red, green, and orange.
Buy and sell signals are indicated with green and red labels, respectively.
This script can be used to identify potential trading opportunities based on RSI crossovers and the composite index.
RSI Multi-Timeframe K2Indicator Name: RSI Multi-Timeframe Cross Indicator
Overview:
"RSI Multi-Timeframe Cross Indicator" is a versatile Pine Script (v5) tool developed for TradingView, designed for traders using multi-time frame analysis. It monitors the Relative Strength Index (RSI) cross its Simple Moving Average (SMA) on multiple time frames (1-minute, 5-minute, 15-minute, 30-minute, 1-hour, 4-hour and daily) to identify bullish and bearish conditions. The indicator overlays the signals on the chart and provides a customizable table to visualize the time frame conditions.
Key Features:
RSI Crossover Detection:
Monitors when the RSI crosses above (bullish trend) or below (bearish trend) its SMA on each selected time frame.
Uses constant state tracking to maintain a bullish/bearish state until an opposite crossover occurs.
Configurable Parameters:
RSI Length: Configurable period for calculating RSI (default: 14).
MA Length: Configurable period for SMA applied to RSI (default: 20).
Time Frame Controls:
Logical Switches: Independent switches ( use1m , use5m , etc.) to include/exclude each time frame in the signal logic.
Visualization Switches: Separate switches ( show1m , show5m , etc.) to show/hide each time frame in the table without affecting the logic.
Visuals:
Triangles: Green ascending triangles below the bars indicate bullish signals, red descending triangles above the bars indicate bearish signals.
Labels : Long (green) or Short (red) labels on the last confirmed bar when all enabled timeframes match.
Dynamic Table : A centered table at the bottom of the chart displaying the status of each timeframe with colored boxes (green for bullish, red for bearish). The table size is adjustable based on the visible timeframes.
Alerts :
Trigger alerts when all enabled timeframes are bullish ("All RSI timeframes are bullish (green)!") or bearish ("All RSI timeframes are bearish (red)!").
Input Parameters:
RSI Settings :
RSI Length : Integer (min: 1, default: 14) — Period for RSI calculation.
MA Length : Integer (min: 1, default: 20) — Period for SMA RSI.
Timeframe Logic Settings:
Use 1M in Logic, Use 5M in Logic, etc.: Boolean (default: true) - Enable/Disable each timeframe in signal calculation.
Timeframe Visualization Settings:
Show 1M in Table, Show 5M in Table, etc.: Boolean (default: true) - Show/Hide each timeframe in the table display.
Logic:
Bullish Condition: RSI crosses above SMA on a given timeframe, setting a bullish condition until a bearish crossover occurs.
Bearish Condition: RSI crosses below SMA on a given timeframe, setting a bearish condition until a bullish crossover occurs.
Combination signal: A Long or Short signal is generated only when all enabled timeframes (use the * switches) line up in the same direction (bullish or bearish).
Visualization: The table displays the status of each timeframe, but only shows the fields for the timeframes with the Show* switch enabled.
Visual output:
Chart signals:
A green ascending triangle and a Long label when all enabled timeframes are bullish.
A red downward-pointing triangle and a Short label when all enabled timeframes are bearish.
Table:
Located in the lower center of the chart.
The bars dynamically adjust to the number of visible timeframes (1 to 7).
Each cell displays the time frame name (e.g. "1M", "5M") with a background color indicating its status (green for bullish, red for bearish).
Use:
Trend Confirmation: Used to confirm trends across multiple time frames based on RSI behavior.
Configure: Customize RSI and MA lengths to suit your trading strategy, and turn time frames on/off for both logic and visualization to focus on the relevant periods.
Alerts: Set up alerts to be notified when all selected time frames match, useful for automated trading systems or manual monitoring.
Notes:
The indicator does not display RSI or SMA lines directly on the chart, focusing instead on crossover events and signals.
If all visualization toggles are disabled, the table disappears, but signals and alerts continue to function based on the logic toggles.
Compatible with any chart timeframe, data from later timeframes is retrieved using request.security() .
RSI Candles with EMA byAuncleJoeThe Relative Strength Index (RSI) is one of the most widely used momentum indicators in trading. It helps traders assess whether an asset is overbought or oversold by measuring the speed and magnitude of recent price changes. Traditionally, RSI is displayed as a single line oscillating between 0 and 100, but this representation can sometimes make it difficult to spot trends, reversals, and momentum shifts effectively.
To enhance RSI visualization and usability, the RSI Candles with EMA indicator transforms the RSI values into candlestick charts, providing a more intuitive and dynamic way to analyze momentum. Unlike the traditional RSI line, this approach allows traders to observe RSI trends just as they would analyze price charts, making it easier to detect changes in momentum and trend strength.
Each RSI candle represents a specific period’s momentum activity. Green candles indicate that the RSI closed higher than it opened, signaling bullish momentum, while red candles suggest that the RSI closed lower than it opened, indicating bearish sentiment. This candlestick-style visualization helps traders spot RSI trends, breakouts, and reversals more effectively than a simple line chart.
To further refine momentum analysis, this indicator also includes an Exponential Moving Average (EMA) of RSI. The EMA smooths RSI fluctuations and provides a clearer trend direction. When RSI candles remain above the EMA, it suggests strong buying momentum, whereas RSI candles falling below the EMA indicate increasing selling pressure. This combination of RSI candlesticks and an EMA line allows traders to better identify shifts in market sentiment and potential trend reversals.
Additionally, the indicator includes customizable overbought and oversold levels (defaulted at 70 and 30, respectively). These levels help traders recognize when an asset might be overextended in either direction, potentially signaling an upcoming reversal. When RSI candles approach or cross these thresholds, traders can anticipate possible changes in market direction.
This indicator is particularly useful for a wide range of traders. Scalpers and day traders can leverage it to quickly identify short-term momentum shifts, while swing traders can use it to detect potential reversals in multi-day trends. Trend-following traders can confirm bullish or bearish trends based on RSI’s position relative to its EMA, and mean reversion traders can use it to spot extreme conditions where price action might snap back.
By combining RSI candlesticks with an EMA filter, this indicator provides a more dynamic and visually intuitive approach to momentum trading. It offers clearer trend signals, better reversal detection, and enhanced decision-making, making it an essential tool for traders who rely on RSI-based strategies.
