OPEN-SOURCE SCRIPT
RSI TREND FILTER
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RSI TREND Filter on Chart
RSI scaled to fit on chart instead of oscillator, Trend Analysis is easy and Hidden Divergence is revealed using this indicator. This indicator is an aim to reduce confusing RSI Situations. The Oversold and Overbought lines help to determine the price conditions so its easy to avoid Traps.
Oversold and Overbought conditions are marked on Chart to make it useful to confirm a Buy or Sell Signals.
RSI 50 level is plotted with reference to EMA50 and Oversold and Overbought Conditions are calculated accordingly.
Disclaimer: Use Solely at your own Risk.
RSI scaled to fit on chart instead of oscillator, Trend Analysis is easy and Hidden Divergence is revealed using this indicator. This indicator is an aim to reduce confusing RSI Situations. The Oversold and Overbought lines help to determine the price conditions so its easy to avoid Traps.
Oversold and Overbought conditions are marked on Chart to make it useful to confirm a Buy or Sell Signals.
RSI 50 level is plotted with reference to EMA50 and Oversold and Overbought Conditions are calculated accordingly.
- Uptrend: RSI Cloud / Candles above RSI 50 Level
- Down Trend: RSI Cloud / Candles below RSI 50 Level
- Sideways : Candles in the Gray Area above and below RSI 50 Level
- Default RSI (14) : is the Candlestick pattern itself
Disclaimer: Use Solely at your own Risk.
Notes de version
Added RSI MA to cross check with regular RSI. This EMA is plotted with length 20 with is equal to EMA 20
Notes de version
Look and Feel EnhancedScript 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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