pi RSI

I named this relative strength index indicator pi RSI because it uses the first 9 sequential numbers in Archimedes constant "pi" 3.14159265. I felt that the never ending, non repeated number, pi, was a good candidate for an input that tracks the constantly changing trends these days. This is a price momentum indicator that helps you evaluate overbought or oversold conditions. By the default colors, when the white line is above the purple it's going bullish. And when the white line is under the purple it's going bearish. Also, on the scale, 50 is neutral, below 25 is getting oversold and above 75 is getting overbought. This indicator is useful in conjunction with other price and volume indicators to help redundantly confirm future price action. Good luck and happy trading friends...

Notes de version

input adjustment

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short title in pine script lower case

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input tweak = ohlc4

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+ 2 hlines & 85% transp default

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Update to indicator version5
Feature upgrade track price
Add D Variable 8th & 9th number of pi "65"
Add Signal speed 10th & 11th number of pi "35"

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Add MFI signal 8 default
Remove D stochastic
Change default colors
Default track display off

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header update

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Add a Total line calculation option of all 4 averaged.

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update 3/4/23:
Add volume weighted stochastic accumulation / distribution.
Total line calculation to include all 5 averaged.
Reorganize & rename user input settings.
Add tool tips.

Notes de version

Add a tool tip for Total

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update 10/30/23:
1)fine tune length settings.
2) add long, bullish, short, bearish circles option.
3) add bullish or bearish color coded horizontal line signal.
4) make a bullish or bearish histogram.

Notes de version

add crossover / crossunder triangle option

Script protégé

Ce script est publié en source fermée. Cependant, vous pouvez l'utiliser librement et sans aucune restriction – pour en savoir plus, cliquez ici.

Options360

Trading indicators:
tradingview.com/u/Options360/

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Script protégé

Ce script est publié en source fermée. Cependant, vous pouvez l'utiliser librement et sans aucune restriction – pour en savoir plus, cliquez ici.

Options360

Trading indicators:
tradingview.com/u/Options360/