PROTECTED SOURCE SCRIPT
WHALE
The Whale indicator is built around the Relative Strength Index (RSI), which is one of the most widely used momentum oscillators in technical analysis. RSI measures the magnitude of recent price changes to evaluate whether an asset is overbought or oversold.
Traditionally, RSI is calculated over a fixed period (commonly 14), but the Whale indicator introduces the concept of sensitivity across different periods. This means instead of looking at just a single timeframe, it blends or adapts multiple RSI lengths to capture both short-term volatility and long-term momentum.
A shorter-period RSI reacts quickly to price changes, making it more sensitive to short bursts of momentum or sudden reversals.
A longer-period RSI smooths out noise, giving a clearer picture of sustained trends.
By combining these different sensitivities, the Whale indicator aims to detect shifts in momentum earlier than a standard RSI, while still filtering out false signals. This makes it useful for spotting potential trend reversals, divergences, and overextended market conditions with more nuance than the default RSI.
In practice, traders might use the Whale indicator to:
Identify entry and exit zones when RSI values converge across multiple sensitivities.
Confirm the strength of a trend when both short-term and long-term momentum align.
Reduce false breakouts by comparing how price behaves relative to several RSI periods.
Traditionally, RSI is calculated over a fixed period (commonly 14), but the Whale indicator introduces the concept of sensitivity across different periods. This means instead of looking at just a single timeframe, it blends or adapts multiple RSI lengths to capture both short-term volatility and long-term momentum.
A shorter-period RSI reacts quickly to price changes, making it more sensitive to short bursts of momentum or sudden reversals.
A longer-period RSI smooths out noise, giving a clearer picture of sustained trends.
By combining these different sensitivities, the Whale indicator aims to detect shifts in momentum earlier than a standard RSI, while still filtering out false signals. This makes it useful for spotting potential trend reversals, divergences, and overextended market conditions with more nuance than the default RSI.
In practice, traders might use the Whale indicator to:
Identify entry and exit zones when RSI values converge across multiple sensitivities.
Confirm the strength of a trend when both short-term and long-term momentum align.
Reduce false breakouts by comparing how price behaves relative to several RSI periods.
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Ce script est publié en source fermée. Toutefois, vous pouvez l'utiliser librement et sans aucune restriction - en savoir plus ici.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script protégé
Ce script est publié en source fermée. Toutefois, vous pouvez l'utiliser librement et sans aucune restriction - en savoir plus ici.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.