SigmaDraconis

RSI / Stoch / SRSI / MFI / Aroon Overlay [SigmaDraconis]

Combines 4 popular indicators ( RSI , Stoch , SRSI, MFI ) and 1 peculiar one ( Aroon ) in 1 for those who want to save indicators but not only.
This is an evolution of my (simpler) "RSI / Stoch / Stoch RSI (SRSI) Overlay " that you can find on my scripts.

Added bands for oversold/overbought areas (70/30 common for RSI and 80/20 for SRSI and MFI ), as well as a middle 50 horizontal line.

Neutral bands around 55-45 added as well that can be hidden for less clutter. I also recommend a more transparent coloring for these since Pine script doesn't allow default transparency for horizontal lines.

By default only RSI and Stoch are activated, you can activate Aroon , MFI and SRSI on the inputs window.

Some extra notes:
* RSI , Stoch and MFI can help to strengthen one's decision as well as Aroon to predict a possible trend reversal, SRSI can show when RSI has high probability of being topped or bottomed when oversold/overbought but don't forget to look at volume and how the trend progresses that can keep SRSI above 80 or below 20 while RSI and price continues to trend, divergences are most helpful here to find possible reversal areas.
* This chart depicts some interesting divergences, as well as Stoch tops and bottoms and confluences between RSI/MFI and Stoch on some over-extended tops and bottoms that shown being good reversal zones.
RSI resistances are shown as well, failing to break above 60 or the neutral zone (this is a bearish BTC trend chart after all) or failing to gain support to break up certain levels ( RSI notes a more bullish trend when consistently above 60 and more bearish below 40).


If you like it and use it to profit, please tip me below :)

Tip jars:

BTC: 15nMBiEGVrdGcu9C1h6QRcTNRvugHkqrMQ
ETH: 0xC33845946c48B61fBCbEA0367ec2238CaF2b73bc
BTS: sigma-draconis
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Is this a joke?
+1 Répondre
SigmaDraconis theodorejuliano
@theodorejuliano, what's the joke? The indicator set? The chart? Both?
I take critics seriously, so if something's wrong, I would like to understand why.
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hello , first thanks for the script, can you advise how you got the alerts ie the green and red triangles plotted on your indicator please?
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SigmaDraconis deanmachine
@deanmachine, glad you like it. The green and red were manually put there, I don't use them to set alerts, I prefer to see the visual changes and act on them.
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deanmachine SigmaDraconis
@SigmaDraconis, ah thanks for reply , so there isnt a way to set alerts based on your chart for auto trading?
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SigmaDraconis deanmachine
@deanmachine, You may want to try and understand if there's a possible algorithm to identify the convergent indicators (like price being kept down and indicators starting to go up after reaching its bottoms, but that's on you, there are tools that can help you with that, I don't have anything configured (yet) to automate these possibilities.
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can i try?
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@JohnQ123, You can search for it on the "Indicators" button when you click the button on your charting window, just input either the scripts name above or my nickname "SigmaDraconis" and you'll find it, no need to create your own.
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Hi, how can I get this triangle tip?
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