This relative strength indicator compares the G8 currencies against each other in all 28 combinations. It uses the 200 period moving average as a scoring system. For example on eurusd if current price action is above the MA that is +1 for the eur and -1 for the dollar and the inverse is applied if current price is under the 200 ma. The higher the number the...
This simple indicator computes the average Relative Strength Index of each Banknifty stock and displays the volume on the chart with color schemes while the average line indicates the average RSI of all Bank Stocks. This indicator works on Banknifty and its stocks. It works on all time frames How You can use this? You can use this indicator for Volume...
The candle strength indicator depicts the average strength of the price action by evaluating bullish vs bearish candles. The scale is relative to price fluctuation and the size of the candles for the particular ticker / market, so there are no significant levels. A cross on the zero line would generally indicate a change in trend / sentiment. This indicator...
Relative Strength Breakout is always a great indicator of change in trends. This indicator is a visual attempt to show the region of outperformance of a stock with respect to a sector or primary indicator. The color indicated should read as below 1) Color Red: Indicates that the selected script is underperforming the indexing with which it is compared 2) Color...
This is a relative strength model for Indian Stock Markets where in the price of the stock in the current scenario is compared with the benchmark indices ( NIFTY / BANKNIFTY) over a period of 55 days ( by default). This indicator also has RSI and Supertrend built-in by default. Hence this indicator can be used in place of 3 indicators. How to use? 1. When the...
Overlay a small plot of a correlated asset of your choosing. Shrink/expand, Set vertical and horizontal position, plot multiple mini-plots via duplicate indicators with varied settings. Plots the last X bars of any asset; including the live candle currently painting Useful for low time frame trading when you want to see correlated asset price movement right...
■Purpose of this script Back-calculate the stock price based on WILDER's RSI* formula. *Relative Strength Index ■Logic Overview This time, RSI calculation formula by WILDER is adopted. WILDER's formula is generally used. Unlike Cutler's RSI, which is calculated from the ratio of the simple sum of price increases and decreases, this formula uses a modified moving...
ReDraw script calculates the historical returns and drawdown for the given periods. By default, the return of the linear regression trends is displayed (can be turned off in settings). In this mode, two linear regression trends are being computed for both long and short periods, and the percent value indicates the "return of the trend" for the corresponding...
TASC's May 2022 edition Traders' Tipsl includes the "Relative Strength Moving Averages" article authored by Vitali Apirine. This is the code implementing the Relative Strength Exponential Moving Average (RS EMA) indicator introduced in this publication. This indicator adds onto Vitali Apirine's work by including three different types of momentum used to...
This RSI indicator shows a green or red ribbon when the smoothed RSI is bullish or bearish. It also includes a long moving average for overall trend confirmation. Wait until the ribbon holds above or below the long moving average and take positions in that direction. To get an easier to read RSI indicator, I smoothed the RSI out and paired it next to a short term...
I've seen several youtubers using 2 RSI's on top of one another to filter trades for their strategies. I figured I would just code it up as an all-in-one indicator for people who have the basic package. This way they have an extra slot for another indicator if they need one and also for convenience. Longs only when RSI 1 is above RSI 2 and shorts only when...
This indicator will compare your Stock or ETF to any other security of your choice. The indicator a stock's price action to that of the S&P 500. A rising line tells you the stock is outperforming the benchmark index. When looking for stocks to swing trade, I like to build my watchlist from stocks that are showing a rising/strong Relative Strength line. What...
V.C. Effort & Result Index draws the Price change, Volume, Delta & Delta % as a histogram. On the positive side of the histogram, it marks the price change & on the negative side of the histogram, it marks volume, delta & delta %. And the best part of the indicator is that it allows you to see all the mentioned data types simultaneously. See the below chart...
It's a pretty simple example of a nice custom screener you can run for multiple timeframes. This is an RSI screener, but you can easily change the function for your own Indicator. Screener displays: Last value of the instrument RSI value for up to 10 instruments / 4 timeframes. In Parameters you can change: 4 timeframes 10 instruments ...
This is one of the best strategies that can be used to get familiar with technical indicators and start to include them in your trading bot rules. ENTRY 1. This trading system uses the RSI ( Relative Strength Index ) to anticipate good points to enter positions. RSI is a technical indicator frequently used in trading. It works by measuring the speed and change...
Hello traders, This is a pretty simple script. It gives a background directional bias color respective to RSI levels from input thresholds in the settings. Users can choose the upper and lower thresholds and the symbol that the RSI is from. For example, by default, the upper threshold is 52 and the lower 48. If Bitcoins RSi is above 52, the background color will...
Hello traders, Rsi is pretty commonly used and for some good reasons. When I'm trading, I don't always want to use the USDT/USDTPERP rsi, I want to see the correlated BTC pair Rsi of that asset This script is similar to my MTF Dots and MTF Dots Cor scripts, but with an important and crucial distinction. This shows user input oversold and overbought RSI metrics...
KRAKEN:LINKUSD This is one of the best strategies that can be used to get familiar with technical indicators and start to include them in your rules on Coinrule . ENTRY 1. This trading system uses the RSI (Relative Strength Index) to anticipate good points to enter positions. RSI is a technical indicator frequently used in trading. It works by measuring...