OPEN-SOURCE SCRIPT
Ultimate RSI
This RSI is a compound ratio MA based RSI using a KDE kernel to compile predictive price direction arrows.
The chart also provides a table using RSI and MAs and determining the trend from multiple listed timeframes in a small table.
The RSI itself is the most accurate RSI i have ever seen.
It plots pivots on the oscillator along with overextension bands.
It will show divergences and will also show high probability pivots on the chart.
with this you get a table that will show overall trend.
overall ATR trend
overall RSI value/trend
and ATR compared with averaged ATR
You get the Ease of having buy/sell signals provided on the chart along with recycle signs for possible reversals.
1. Using a double Compound Ratio Moving average to smooth the RSI and then i send this value thru a KDE kernel to show KDE arrows on the chart.
2. Then plotting momentum of RSI using moving averages to show the strength in 2 colors for bullish and bearish.
3. Plotting pivots of RSI on the oscillator to help determine divergences (along with a built in divergence finder tho this will print late after a few bar confirmation)
4. It provides buy/sell signals on the chart which will provide precise entries
5. Now plots daily/weekly/monthly/yearly Fib levels
6. plots 325SMa 89SMA 89WMA 89linreg and AVG of the 89mas
7. Table providing MTF trend based on the plotted indicators
8. The rsi oscillator also has dots on top and bottom.
-The dots on the top represent short term RSI trend
-The dots on the bottom represent a longer term MA trend.
There are a few trades to consider from this indicator alone:
Long
> when RSI is below 30 and RSI crosses over the signal line
> when rsi crosses over outer std dev band (better trades when below 30)
> when rsi has broken a prior high and has created a HL
Short
> when rsi is above 70 and rsi crosses under the signal line
> when rsi crosses below the upper std dev band (better trades when above 70)
> when rsi has broken a prior low and has created a LH
Or simply follow the labels at your own risk.
Use other confluences for higher winrate.
The strategy is made for 30s TF by default.
The chart also provides a table using RSI and MAs and determining the trend from multiple listed timeframes in a small table.
The RSI itself is the most accurate RSI i have ever seen.
It plots pivots on the oscillator along with overextension bands.
It will show divergences and will also show high probability pivots on the chart.
with this you get a table that will show overall trend.
overall ATR trend
overall RSI value/trend
and ATR compared with averaged ATR
You get the Ease of having buy/sell signals provided on the chart along with recycle signs for possible reversals.
1. Using a double Compound Ratio Moving average to smooth the RSI and then i send this value thru a KDE kernel to show KDE arrows on the chart.
2. Then plotting momentum of RSI using moving averages to show the strength in 2 colors for bullish and bearish.
3. Plotting pivots of RSI on the oscillator to help determine divergences (along with a built in divergence finder tho this will print late after a few bar confirmation)
4. It provides buy/sell signals on the chart which will provide precise entries
5. Now plots daily/weekly/monthly/yearly Fib levels
6. plots 325SMa 89SMA 89WMA 89linreg and AVG of the 89mas
7. Table providing MTF trend based on the plotted indicators
8. The rsi oscillator also has dots on top and bottom.
-The dots on the top represent short term RSI trend
-The dots on the bottom represent a longer term MA trend.
There are a few trades to consider from this indicator alone:
Long
> when RSI is below 30 and RSI crosses over the signal line
> when rsi crosses over outer std dev band (better trades when below 30)
> when rsi has broken a prior high and has created a HL
Short
> when rsi is above 70 and rsi crosses under the signal line
> when rsi crosses below the upper std dev band (better trades when above 70)
> when rsi has broken a prior low and has created a LH
Or simply follow the labels at your own risk.
Use other confluences for higher winrate.
The strategy is made for 30s TF by default.
Script open-source
Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.
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