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RSI PacingThe RSI Pacing indicator compares the movement of the RSI directly with the movement of the asset to help identify divergences. Bullish Divergences The RSI is increasing at a greater rate than the pace of the asset. The RSI is decreasing at a lesser rate than the pace of the asset. Bearish Divergences The RSI is decreasing at a greater rate than the pace of the asset. The RSI is increasing at a lesser rate than the pace of the asset. Warning: Does not yet work on higher timeframes yet. Working on getting the pace normalized to the RSI's bounds.
Penunjuk Pine Script®
oleh wbburgin
2
[_ParkF]RSIRSI Typical RSI indicators were plotted with candles and expressed wick to resemble a candle chart, and linear regression was added to predict changes in force intensity, which allowed us to confirm support and resistance within linear regression. In addition, divergence signal was marked as an additional basis for the price fluctuation point due to support and resistance. In other words, if the diversity signal appears together when the rsi candle is supported and resisted within linear regression, this is the basis for predicting that it is a point of change in the existing trend. Finally, the period value and standard deviation of linear regression can be arbitrarily modified and used. I hope it will help you with your trading. 일반적인 RSI 지표를 캔들화 하였고 꼬리까지 포함하여 캔들 차트와 유사하게 표현 하고, 캔들화한 RSI 지표에 선형회귀(채널)를 추가 하여 RSI 지표 특유의 힘의 강도의 변화를 지지와 저항으로 확인할 수 있게 해봤습니다. 또한 다이버전스 신호를 추가하여 선형회귀(채널)로 인한 지지와 저항에 따른 가격 변동의 근거로 삼을 수 있습니다. 즉, 선형회귀(채널) 안에서 RSI 캔들이 지지와 저항을 받을 때 다이버전스 신호가 함께 나타난다면 이는 기존 추세의 변화 지점임을 예측해 볼 수 있는 근거가 됩니다. 마지막으로 선형회귀(채널)의 기간값과 표준편차는 임의로 수정하여 사용할 수 있습니다. 당신의 트레이딩에 도움이 되었으면 합니다. * I would like to express my gratitude to zdmre for revealing the linear regression source.
Penunjuk Pine Script®
oleh ParkF
11
RSI StrategySimple way how to use RSI and MA indicators for trading. What we use: • RSI • SMA calculated by RSI (title: SMA_RSI) • Delta of RSI and SMA_RSI (title: delta) • SMA calculated by delta of RSI and SMA & RSI (title: SMA_RSI2) Logic: Upon the fact that we use the difference between two indicators that have similar values ( RSI and SMA_RSI), we get number around zero. Next, result is smoothed by calculated the SMA . This is the blue/purple line that appears on the chart - SMA_RSI2. The trade open when SMA_RSI2 cross over the threshold. The trade close when SMA_RSI2 cross under the threshold below. Also, the usual EMA 200 is used as a filter, which you can switch on or switch off.
Strategi Pine Script®
oleh TradingAmmo
RSI StrategyThis RSI strategy is different than most in that it doesn't pick a buy signal based on the RSI rising above a specific number (usually 30). Instead, it creates a 14 day exponential moving average of the Relative Strength Index and uses the following two conditions together to trigger a buy: Entry conditions: Condition1: Rising of the RSI's moving average for (user defined) candles in a row Condition 2: The RSI is < 70 The reasoning behind condition 1 is that we are trying to buy into a rising trend, the moving average helps to confirm the trend, whereas the RSI rising above a specific number (usually 30) gives us no real indication that the asset will increase and produces less wins overall. The reasoning behind condition 2 is to avoid buying at the top of a climb. Exit conditions: Condition 1: The RSI moving average is falling Condition 2: Close < Trailing stop activation Level Condition 3: We have at least (user defined) % profit The reasoning behind sell condition 1 is a falling RSI moving average (down trend starting). The close has to be under the trailing stop activation level, if we've triggered the trailing stop, we want the trailing stop to do it's job and not exit the trade until the trailing stop takes us out. The reasoning behind condition 3 is to not exit without at least some profit (user defined).
Strategi Pine Script®
oleh sonnyparlin
5
RSI Div at Daily VWAP StDevMean Reversion indicator based on RSI Divergences at Overbought/Oversold conditions with Price above/below a Standard Deviation from Daily VWAP. Useful for intra-day trading. Signal criteria: 1. RSI is at Overbought/Oversold 2. RSI Divergence present (not hidden) 3. RSI has not reached Neutral level (i.e. 50) 4. Price has crossed above/below a Standard Deviation from Daily VWAP Config Options: - RSI length (default:14) - Divergence Lookback Period (default:14) - RSI Oversold/Overbought tresholds (default: 70/30) - RSI Reset Level (default: 55/45) - Use VWAP Std Dev (default: yes) - Standard Deviation from Daily VWAP (default: 1.51) Use with discretion.
Penunjuk Pine Script®
oleh crypto_rife
13
RSI TunnelsAn experimental RSI Tunnels indicator that plots RSI inside RSI High/Low tunnels and shows the breakouts of the tunnel. The tunnels are made by fetching the RSI previous highest high and previous lowest low. ==Explanation== If current RSI CROSS OVER the higher band and above zero line, we have a bullish signal. If current RSI CROSS UNDER the lower band and below zero line, we have a bearish signal. ==Colors== The colors define the trend strength and define if current RSI is below zero line or above zero line. GREEN: Strong up trend. LIGHT GREEN: Weakening up trend. (Might indicate an up reversal) RED: Strong down trend. Light Red: Weakening down trend. (Might indicate a down reversal) The Trick is that trend continues until the other way signal triggers, than we change color. ==Notes== Bars are not colored by default. From a few tests it seems to work better on higher time frames - 1 hour and above. Each asset can have its own rhythm, adjust 'Tunnels look back' period in settings to meet the asset rhythm. Quote which i like: “Minimizing downside risk while maximizing the upside is a powerful concept.” – Mohnish Pabrai Enjoy and like if you like. :) Follow for up coming indicators: www.tradingview.com
Penunjuk Pine Script®
oleh dman103
3
RSI backsimple indicator that based on difference between current RSI and past RSI (historic) so lets say if take 1 hour chart then in a day there are 24 hour so our RSI back if we put close will be the rsi of 24 hour before and this we compare it to the current rsi if the current is above the past one then the signal is bullish , and vice versa. (similar logic to system of buy that based on close yesterday compare open of today) so to this logic we can add no security MTF to make it nicer blue line is current MTF RSI , red line is historic RSI based on the number of candles we choose when blue over red is bullish ,red over blue is bearish same on 4 hour mTF '1 hour chart and 24 candle back
Penunjuk Pine Script®
oleh RafaelZioni
3
Finnie's RSI with EMA crossover + StochRSI seams to be one of the most used indicators by far, and that comes because of merit. With that in mind, the goal of this indicator is to expand upon the tradition RSI or Relative Strength Index we all know and love :) I started by adding an EMA crossover. Which gives you, the users, a general idea of when to buy and sell outside of just watching a line go down and up. To take thinks even further, I decided to add options for both Fast and Slow Stochastic oscillators. Adding STOCH brings in another variable when deciding on an entry, technically its a bit hard to explain but in practice it would go something like this: you notice RSI is down around the level 20 mark and RSI is crossing up above it's EMA, which is BULLISH signal, and you're thinking about going long. As a second confirmation you can look at the STOCH rsi, if it's also crossing above the previously spoken EMA that's another BULLISH signal. This process can be repeated once RSI has risen to find an exit. EDIT: If you find the indicator is a bit too cluttered for you, feel free to disable the 'STOCH rsi' feature in settings :)
Penunjuk Pine Script®
oleh WookieWonders
RSI HeatmapHeatmap showing version measurement lengths of RSI (user selectable) For each bar on the chart, the script calculates RSI at that point for multiple RSI lengths (e.g. 3, 7, 14, 16 etc) and displays them vertically top to bottom, fastest RSI to slowest RSI respectively. It indicates the actual RSI reading (0 to 100) by way of a colour (green for overbought, red for oversold). So for example, if the indicator shows a cluster of reds, you know that price is oversold on several RSI lengths simultaneously. Idea was taken from an article.
Penunjuk Pine Script®
oleh azimuthdynamics
5
RSI MTF by PeterOThis is my take on reaching Higher TimeFrame charts, what is usually helpful when determining the trend. On the example of RSI. So imagine you want to check RSI from higher timeframe. 15x higher for example. There are 3 ways to do it. 1. security(tickerid,"15",rsi(close,14)) DON'T!!! I strongly advise against this method. Security() function is buggy in PineScript, leads to so-called "repainting" issues. Repainting is caused by creating leak from future data and leads to abnormally fantastic strategy backtest results like the one in Open Close Cross Strategy. Theoretically speaking if security() used correctly - with Pine version3 and barmerge.lookahead_off - you should encounter no repainting, but I could swear I saw scripts repaint even with security() implemented properly. Even assuming security() implemented correctly will not repaint - it will create delay in your script. I'm using "15" multiplier in my example, and this means, I have to wait for 15 candles to close to produce indicators value. If a strong move happens in the meantime, I'm blind, because I have to wait anyway. So for your own security, stay away from security() at all times. 2. rsi(close,14*15) This will produce RSI plot with no delay, but a very flattened one. RSI will move between 45 and 45, never even reaching 30 or 70 levels. So pretty useless. 3. Dig-in-the-formula way. Doing a bit more math produces RSI line, which is not delayed, not repainting and moving in full 0-100 RSI range. Actually - looking almost identical to the one from the higher timeframe. Which was the goal of this script.
Penunjuk Pine Script®
oleh Peter_O
16
RSI + BB (EMA) + Dispersion (2.0)First version here Initial data: 1) RSI 2) Bollinger Bands (Basis - EMA ) 3) Dispersion (around basis) Signal for purchase: RSI crosses the dispersion zone upwards Signal for sale: RSI crosses the dispersion zone downwards Buffer zone: white area, it is not recommended to make transactions. --- Add ( 02.10.2018 ) 1) RSI lines (overbought / oversold) = 70 / 30. Сan be changed in the settings. 2) Alerts: • RSI line crossover Dispersion Zone (green) • RSI line crossunder Dispersion Zone (red)
Penunjuk Pine Script®
oleh Mr.Mozart
77
TSM RSI + Supertrend (Fixed SL + 1:2 RR) 302026RSI + Supertrend Combo Strategy (Fixed SL & 1:2 Risk–Reward) To trade only in the direction of the trend using Supertrend and enter with momentum confirmation from RSI, while strictly controlling risk with a fixed stop loss and a 1:2 target. Supertrend – identifies market trend RSI (14) – confirms strength of the trend BUY CONDITIONS (Long Trade) Supertrend changes from Red to Green → Market trend turns bullish Price trades above Supertrend line RSI is above 50 → Buying momentum is strong ✅ Enter BUY at the next candle open. 🔴 SELL CONDITIONS (Short Trade) Supertrend changes from Green to Red → Market trend turns bearish Price trades below Supertrend line RSI is below 50 → Selling momentum is strong ✅ Enter SELL at the next candle open. 🛑 Risk Management (Most Important) Stop Loss (SL): Fixed percentage from entry price Target (TP): 2 × Stop Loss → Risk : Reward = 1 : 2 Example (BUY Trade) Entry: ₹100 Stop Loss (0.5%): ₹99.50 Target (1:2): ₹101.00 ⏱️ Best Timeframes Intraday: 5 min / 15 min Swing Trading: 1 Hour / Daily. Why This Strategy Works ✔ Trades with the trend, not against it ✔ RSI filters false Supertrend signals ✔ Fixed SL protects capital ✔ 1:2 RR ensures profitability even with ~40% win rate ✔ Simple rules – beginner friendly ⚠️ Important Notes Avoid sideways markets Best results in trending stocks / indices Always backtest before live trading.
Strategi Pine Script®
oleh SARAVANANTamilShareMarket
RSI with Bullish/ Bearish Zones by VKKDisclaimer: Script is not suggesting any buy or sell any stock. It's a visual identification of the direction of the current state of the stock. This script is a modified Relative Strength Index (RSI) designed to help traders filter out market noise by identifying three distinct momentum phases. Instead of the traditional 70/30 approach, this version uses the 40 and 60 levels to define a "Neutral/Caution" zone. Key Features: 🟢 Bullish Zone (Above 60): Indicates strong upward momentum. The RSI line turns green, signaling a potential trend continuation. 🟠 Caution Zone (40–60): A neutral "no-man's land" where the market is often consolidating or undecided. The line turns orange, warning traders to be patient. 🔴 Bearish Zone (Below 40): Indicates strong downward momentum. The RSI line turns red, signaling a potential downtrend. ⚖️ Midline (50): A blue or your color choice dotted line acts as the ultimate pivot point between buyers and sellers. 🔥 Extremes (70/30): Classic Overbought (Red) and Oversold (Green) levels are included for mean-reversion context. How to Use: Trend Confirmation: Look for the RSI to sustain a position above 60 for longs or below 40 for shorts. Filter Noise: Avoid entering aggressive trend trades when the RSI is stuck in the Orange Caution Zone. Real-time Status: The dynamic label on the right provides an instant reading of the current market state and exact RSI value.
Penunjuk Pine Script®
oleh katakwar
RSI Candle 12-Band SpectrumExperience RSI like never before. This multi-band visualizer transforms relative strength into a living color map — directly over price action — revealing momentum shifts long before traditional RSI signals. 🔹 12 Dynamic RSI Bands – A full emotional spectrum from oversold to overbought, colored from deep blue to burning red. 🔹 Adaptive Pulse System – Highlights every shift in RSI state with an intelligent fade-out pulse that measures the strength of each rotation. 🔹 Precision Legend Display – Clear RSI cutoff zones with user-defined thresholds and color ranges. 🔹 Multi-Timeframe Engine – Optionally view higher-timeframe RSI context while scalping lower frames. 🔹 Stealth Mode – Borders-only visualization for minimal chart impact on dark themes. 🔹 Complete Customization – Adjustable band levels, color palettes, and fade behavior. 🧠 Designed for professional traders who move with rhythm, not randomness.
Penunjuk Pine Script®
oleh rrtaker86
(RSI + CCI) × (MACD/ATR)^2⚙️ (RSI + CCI) × (MACD / ATR)² Composite — Normalized, Compressed, Dynamic Colors This advanced composite oscillator merges three powerful momentum indicators — RSI, CCI, and MACD — into one normalized and volatility-adjusted signal that reacts smoothly across all markets. By dividing MACD by ATR (Average True Range), the indicator self-scales for different symbols, and an optional tanh-like compression prevents extreme spikes while keeping the movement fluid and responsive. 🧩 Core Formula (RSI + CCI) × (MACD / ATR)² (optionally passed through a tanh compression for stability) RSI and CCI are normalized (RSI ÷ 50, CCI ÷ 100) → roughly −2 to +2 range. MACD is volatility-adjusted by ATR → scale-independent between assets. The result is centered around 0 for clear bullish/bearish momentum comparison. 🎨 Visual Features 🟢🔴 Dynamic 4-Color Histogram Positive + Rising = Strong Teal Positive + Falling = Light Teal Negative + Falling = Strong Red Negative + Rising = Light Red 🟡⚫ 4-Color Smoothing Line Positive & Rising = Bright Yellow Positive & Falling = Soft Yellow Negative & Rising = Grey Negative & Falling = Dark Grey Zero-centered layout for intuitive bullish/bearish visualization. ⚙️ Adjustable Parameters Individual RSI, CCI, and MACD lengths and sources. ATR length for volatility normalization. Optional tanh-style compression with adjustable gain (to keep values in ±1 range). Fully customizable colors and line widths for both bars and smoothing line. 🔔 Alerts Triggered automatically when the composite crosses above or below zero, signaling potential trend reversals or momentum shifts. 💡 How to Use Composite > 0 → Bullish momentum ↑ Composite < 0 → Bearish momentum ↓ A brightening line or bar = momentum accelerating. A fading color = momentum weakening or reversal forming. Combine with higher-timeframe trend filters (EMA, VWAP, Supertrend) for confirmation.
Penunjuk Pine Script®
oleh Hay_C
2
RSI HIGHs and LOWs MarkerThis indicator marks significant RSI (14) pivot points directly on the price chart. Red markers above candles highlight confirmed RSI highs where the RSI value exceeded 75 (overbought zone). Green markers below candles highlight confirmed RSI lows where the RSI value dropped below 25 (oversold zone). These signals help traders quickly identify potential reversal zones and overextended market conditions without having to monitor the RSI window separately.
Penunjuk Pine Script®
oleh jurleitv
RSI mura visionOverview
 The Enhanced RSI with Custom 40/60 Zones is a Pine Script™ v6 open-source indicator that builds on the classic Relative Strength Index by adding two additional horizontal levels at 40 and 60, alongside the standard 30/70. These extra zones help you identify early momentum shifts and distinguish trending markets from ranging ones with greater precision. Key Features & Originality * Custom Mid-Zones (40/60): Standard RSI signals can be noisy around the 50 midpoint. By marking 40 as a “weak momentum” threshold and 60 as a “strong momentum” confirmation, you get clearer entry and exit cues. * Color-Coded Zones: The RSI line changes color when crossing 40, 50, 60, 70, and 30, letting you visually spot momentum acceleration or deceleration. * Configurable Alerts: Built-in alert conditions fire when RSI crosses 40 or 60 in either direction, so you never miss a potential trend onset or exhaustion. * Lightweight & Clean: No external dependencies, no look-ahead bias, and minimal repainting—ideal for both novice and professional traders. How It Works 1. Momentum Decomposition: The standard 14-period RSI measures overbought/oversold extremes. Adding 40/60 lets you see when momentum shifts from neutral to bullish (crossing above 60) or bearish (dropping below 40) earlier than the classic 70/30 thresholds. 2. Trend Confirmation vs. Pullbacks: Readings between 40–60 often correspond to healthy pullbacks within a trend. A bounce off 40 suggests continuation; a rejection at 60 warns of a deeper pullback or reversal. Usage & Inputs * RSI Length (default 14): Period for calculating RSI. * Level Inputs: Customize levels for overbought (70), support (60), neutral (50), weak (40), and oversold (30). * Alert Toggles: Enable/disable alerts on each cross. Why This Adds Value * Early Signals: Capture trend beginnings before the market reaches extreme overbought/oversold levels. * Noise Reduction: Filter sideways chop by watching the 40–60 corridor. * Flexibility: Works on any timeframe or ticker. Pine Script™ Version: v6
 Open-Source License: MPL-2.0
 Feel free to fork, modify, and share.
Penunjuk Pine Script®
oleh charyyevn
RSI + ADX + ATR Combo Indicator: RSI + ADX + ATR Combo Filter This indicator is a confluence filter tool that combines RSI, ADX, and ATR into a single, easy-to-read chart overlay. It is designed to help traders identify low-volatility, non-trending zones with balanced momentum—ideal for strategies that rely on breakouts or reversals. 🔍 Core Components: RSI (Relative Strength Index) Standard RSI with custom upper and lower bounds (default: 60 and 40). Filters out extreme overbought/oversold regions and focuses on price consolidation zones. ADX (Average Directional Index) Measures trend strength. When ADX is below a custom threshold (default: 20), it indicates a weak or range-bound trend. ATR (Average True Range) Represents volatility. Low ATR values (default threshold: 2.5) are used to filter out high-volatility environments, helping refine entries. 🟣 Signal Logic: A signal is highlighted with a background color when all three conditions are met: RSI is between lower and upper bounds (e.g., 40 < RSI < 60) ✅ ADX is below the trend threshold (e.g., ADX < 20) ✅ ATR is below the volatility threshold (e.g., ATR < 2.5) ✅ These combined conditions suggest a low-volatility, low-trend strength, and balanced momentum zone—perfect for anticipating breakouts or strong directional moves.
Penunjuk Pine Script®
oleh shawasutosh
1
RSI + Stochastic + WMA StrategyThis script is designed for TradingView and serves as a trading strategy (not just a visual indicator). It's intended for backtesting, strategy optimization, or live trading signal generation using a combination of popular technical indicators. 📊 Indicators Used in the Strategy: Indicator Description RSI (Relative Strength Index) Measures momentum; identifies overbought (>70) or oversold (<30) conditions. Stochastic Oscillator (%K & %D) Detects momentum reversal points via crossovers. Useful for timing entries. WMA (Weighted Moving Average) Identifies the trend direction (used as a trend filter). 📈 Trading Logic / Strategy Rules: 📌 Long Entry Condition (Buy Signal): All 3 conditions must be true: RSI is Oversold → RSI < 30 Stochastic Crossover Upward → %K crosses above %D Price is above WMA → Confirms uptrend direction 👉 Interpretation: Market was oversold, momentum is turning up, and price confirms uptrend — bullish entry. 📌 Short Entry Condition (Sell Signal): All 3 conditions must be true: RSI is Overbought → RSI > 70 Stochastic Crossover Downward → %K crosses below %D Price is below WMA → Confirms downtrend direction 👉 Interpretation: Market is overbought, momentum is turning down, and price confirms downtrend — bearish entry. 🔄 Strategy Execution (Backtesting Logic): The script uses: pinescript Copy Edit strategy.entry("LONG", strategy.long) strategy.entry("SHORT", strategy.short) These are Pine Script functions to place buy and sell orders automatically when the above conditions are met. This allows you to: Backtest the strategy Measure win/loss ratio, drawdown, and profitability Optimize indicator settings using TradingView Strategy Tester 📊 Visual Aids (Charts): Plots WMA Line: Orange line for trend direction Overbought/Oversold Zones: Horizontal lines at 70 (red) and 30 (green) for RSI visualization ⚡ Strategy Type Summary: Category Setting Strategy Type Momentum Reversal + Trend Filter Timeframe Flexible (Works best on 1H, 4H, Daily) Trading Style Swing/Intraday Risk Profile Medium to High (due to momentum triggers) Uses Leverage Possible (adjust risk accordingly)
Strategi Pine Script®
oleh RevoTheTrader
RSI/Stochastic With Real Time Candle OverlayThis indicator provides an alternative way to visualize either RSI or Stochastic values by representing them as candle bars in real time, allowing a more detailed view of momentum shifts within each bar. By default, it displays the standard historical plot of the chosen oscillator in the background, but once you are receiving real-time data (or if you keep your chart open through the close), it begins overlaying candles that track the oscillator’s intrabar movements. These candles only exist for as long as the chart remains open; if you refresh or load the chart anew, there is no stored candle history, although the standard RSI or Stochastic line is still fully retained. These candles offer insight into short-term fluctuations that are otherwise hidden when viewing a single line for RSI or Stochastic. In the settings, there is an option to switch between standard candlesticks and Heiken Ashi. When Heiken Ashi is selected, the indicator uses the Heiken Ashi close once it updates in real time, producing a smoothed view of intrabar price movement for the oscillator. This can help identify trends in RSI or Stochastic by making it easier to spot subtle changes in direction, though some may prefer the unmodified values that come from using regular candles. The combination of these candle styles with an oscillator’s output offers flexibility for different analytical preferences. Traders who use RSI or Stochastic often focus on entry and exit signals derived from crossing certain thresholds, but they are usually limited to a single reading per bar. With this tool, it becomes possible to watch how the oscillator’s value evolves within the bar itself, which can be especially useful for shorter timeframes or for those who prefer a more granular look at momentum shifts. The visual separation between bullish and bearish candle bodies within the indicator can highlight sudden reversals or confirm ongoing trends in the oscillator, aiding in more precise decision-making. Because the candle overlay is cleared as soon as the bar closes, the chart remains uncluttered when scrolling through historical data, ensuring that only the necessary real-time candle information is displayed. Overall, this indicator is intended for users who wish to track intrabar changes in RSI or Stochastic, with the added choice of standard or Heiken Ashi candle representation. The real-time candle overlay clarifies short-lived fluctuations, while the standard line plots maintain the usual clarity of past data. This approach can be beneficial for those who want deeper insights into how oscillator values develop in real time, without permanently altering the simplicity of the chart’s historical view.
Penunjuk Pine Script®
oleh The_Peaceful_Lizard
17
RSI Bands with Volume and EMAThis script is a comprehensive technical analysis tool designed to help traders identify key market signals using RSI bands, volume, and multiple Exponential Moving Averages (EMAs). It overlays the following on the chart: RSI Bands: The script calculates and plots two bands based on the Relative Strength Index (RSI), indicating overbought and oversold levels. These bands act as dynamic support and resistance zones: Resistance Band (Upper Band): Plotted when the RSI exceeds the overbought level, typically indicating a potential sell signal. Support Band (Lower Band): Plotted when the RSI falls below the oversold level, typically indicating a potential buy signal. Midline: The average of the upper and lower bands, acting as a neutral reference. Buy/Sell Labels: Labels are dynamically added to the chart when price reaches the overbought or oversold levels. A "Buy" label appears when the price reaches the oversold (lower) band. A "Sell" label appears when the price reaches the overbought (upper) band. Volume Indicator: The script visualizes trading volume as histograms, with red or green bars representing decreasing or increasing volume, respectively. The volume height is visually reduced for better clarity and comparison. Exponential Moving Averages (EMAs): The script calculates and plots four key EMAs (12, 26, 50, and 200) to highlight short-term, medium-term, and long-term trends: EMA 12: Blue EMA 26: Orange EMA 50: Purple EMA 200: Green The combined use of RSI, volume, and EMAs offers traders a multi-faceted view of the market, assisting in making informed decisions about potential price reversals, trends, and volume analysis. The script is particularly useful for identifying entry and exit points on charts like BTC/USDT, although it can be applied to any asset.
Penunjuk Pine Script®
oleh StickyBurgherz
RSI and ATR Trend Reversal SL/TPQuick History: I was frustrated with a standard fixed percent TP/SL as they often were not receptive to quick market rallies/reversals. I developed this TP/SL and eventually made it into a full fledge strategy and found it did well enough to publish. This strategy can be used as a standalone or tacked onto another strategy as a TP/SL. It does function as both with a single line. This strategy has been tested with TSLA , AAPL, NVDA, on the 15 minutes timeframe. HOW IT WORKS: Inputs: Length: Simple enough, it determines the length of the RSI and ATR used. Multiplier: This multiplies the RSI and ATR calculation, more on this later. Delay to prevent Idealization: TradingView will use the open of the bar the strategy triggers on when calculating the backtest. This can produce unrealistic results depending on the source. If your source is open, set to 0, if anything else, set to 1. Minimum Difference: This is essentially a traditional SL/TP, it is borderline unnecessary, but if the other parameters are wacky this can be used to ensure the SL/TP. It multiplies the source by the percent, so if it is set to 10, the SL/TP is initialized at src +- 10%. Source input: Self Explanatory, be sure to update the Delay if you use open. CALCULATION: Parameters Initialization: The strategy uses Heikinashi values for calculations, this is not toggleable in parameters, but can be easily changed by changing hclose to equal src. FUNCTION INITIALIZATION: highest_custom and lowest_custom do the same thing as ta.highest and ta.lowest, however the built in ta library does not allow for var int input, so I had to create my own functions to be used here. I actually developed these years ago and have used them in almost every strategy since. Feel especially free to use these in your own scripts. The rsilev is where the magic happens. SL/TP min/max are initially calculated to be used later. Then we begin by establishing variables. BullGuy is used to determine the length since the last crossup or crossdown, until one happens, it returns na, breaking the function. BearGuy is used in all the calculations, and is the same as BullGuy, unless BullGuy is na, where BearGuy counts up from 1 on each bar from 0. We create our rsi and have to modify the second one to suit the function. In the case of the upper band, we mirror the lower one. So if the RSI is 80, we want it to be 20 on the upper band. the upper band and lower band are calculated the exact same way, but mirrored. For the purpose of writing, I'm going to talk about the lower band. Assume everything is mirrored for the upper one. It finds the highest source since the last crossup or crossdown. It then multiplies from 1 / the RSI, this means that a rapid RSI increase will increase the band dramatically, so it is able to capture quick rally/reversals. We add this to the atr to source ratio, as the general volatility is a massive factor to be included. We then multiply this number by our chosen amount, and subtract it from the highest source, creating the band. We do this same process but mirrored with both bands and compared it to the source. If the source is above the lower band, it suggests an uptrend, so the lower band is outputted, and vice versa for the upper one. PLOTTING: We also determine the line color in the same manner as we do the trend direction. STRATEGY: We then use the source again, and if it crosses up or down relative to the selected band, we enter a long or short respectively. This may not be the most superb independent strategy, but it can be very useful as a TP/SL for your chosen entry conditions, especially in volatile markets or tickers. Thank you for taking the time to read, and please enjoy.
Strategi Pine Script®
oleh joseph_lemery
15