RSI & MFI Combined With better divergences -100 to 100A modified RSI and MFI in one indicator.
Modifications:
Adjusted the range from 0 to 100 to -100 to 100
Modified divergence detection logic to plot using 2 different lookback periods
Added divergence detection to MFI
Added oversold/overbought gradient to MFI
Added combined oversold/overbought indication
Indice de force relative (RSI)
RSX Divergence ProRSX Divergence Pro detects regular and hidden divergences using a smoothed Relative Strength Xtra (RSX) oscillator. It helps traders identify trend reversals and trend continuation signals with clear visual labels. Users can enable/disable divergences, adjust RSX length, customize label colors/sizes, and choose different price types. The indicator also includes dynamic RSX coloration and adjustable overbought/oversold levels for better market insights. Perfect for traders seeking precision in divergence detection and smoother signals than traditional RSI. 🚀
Relative Strength Index colored above/below midpointThis indicator enhances the standard Relative Strength Index (RSI) by incorporating dynamic color changes, moving average smoothing, Bollinger Bands, and divergence detection. It visually highlights overbought and oversold conditions while offering customizable smoothing options to refine RSI signals. Additionally, it detects potential bullish and bearish divergences by analyzing price action relative to RSI movements, helping traders spot potential trend reversals. The indicator also provides real-time alerts when divergences are detected, making it a valuable tool for identifying shifts in market momentum.
GFS2k25Multi Time Frame RSI Panel", designed to monitor the Relative Strength Index (RSI) across multiple timeframes and generate buy and sell alerts based on predefined RSI thresholds. Here's a breakdown of its functionality:
Key Features:
Multi-Timeframe RSI Calculation:
Fetches RSI values from various timeframes, including 1m, 3m, 5m, 7m, 15m, 30m, 1h, 2h, 4h, 1d, 1w, 1M.
Allows users to select which timeframes they want to display.
RSI Thresholds for Buy and Sell Alerts:
Allows users to configure RSI thresholds for different timeframes.
Buy and sell conditions are determined based on RSI crossovers and crossunders.
Customizable Settings:
Dark Mode option for better visibility.
Adjustable RSI period.
Custom upper and lower RSI thresholds for each timeframe.
Alert Conditions:
Buy Alert:
RSI crossover for the 1-minute timeframe.
RSI values within predefined thresholds for 3m, 15m, 30m, and 60m.
Sell Alert:
RSI crossunder for the 1-minute timeframe.
RSI values below predefined thresholds for 3m, 15m, 30m, and 60m.
Alerts are triggered visually on the chart and through TradingView's alert system.
LONG & SHORT para Bitcoin ORLANDOEste script en Pine Script v5 está diseñado para operar exclusivamente en Bitcoin (BTC/USDT) dentro de TradingView, generando señales de entrada en LONG y SHORT basadas en indicadores técnicos.
🛠️ Funcionalidad del Código
✅ Detecta cruces de medias móviles exponenciales (EMAs) para identificar tendencias.
✅ Utiliza el Índice de Fuerza Relativa (RSI) para evitar entrar en zonas de sobrecompra o sobreventa.
✅ Genera señales visuales y envía alertas automáticas de entrada en LONG y SHORT.
✅ Incluye un sistema de gestión de riesgo con Stop Loss dinámico basado en ATR (Average True Range).
x1Multi Time Frame RSI Panel", designed to monitor the Relative Strength Index (RSI) across multiple timeframes and generate buy and sell alerts based on predefined RSI thresholds. Here's a breakdown of its functionality:
Key Features:
Multi-Timeframe RSI Calculation:
Fetches RSI values from various timeframes, including 1m, 3m, 5m, 7m, 15m, 30m, 1h, 2h, 4h, 1d, 1w, 1M.
Allows users to select which timeframes they want to display.
RSI Thresholds for Buy and Sell Alerts:
Allows users to configure RSI thresholds for different timeframes.
Buy and sell conditions are determined based on RSI crossovers and crossunders.
Customizable Settings:
Dark Mode option for better visibility.
Adjustable RSI period.
Custom upper and lower RSI thresholds for each timeframe.
Alert Conditions:
Buy Alert:
RSI crossover for the 1-minute timeframe.
RSI values within predefined thresholds for 3m, 15m, 30m, and 60m.
Sell Alert:
RSI crossunder for the 1-minute timeframe.
RSI values below predefined thresholds for 3m, 15m, 30m, and 60m.
Alerts are triggered visually on the chart and through TradingView's alert system.
Waldo Momentum Cloud Bollinger Bands (WMCBB)
Title: Waldo Momentum Cloud Bollinger Bands (WMCBB)
Description:
Introducing the "Waldo Momentum Cloud Bollinger Bands (WMCBB)," an innovative trading tool crafted for those who aim to deepen their market analysis by merging two dynamic technical indicators: Dynamic RSI Bollinger Bands and the Waldo Cloud.
What is this Indicator?
WMCBB integrates the volatility-based traditional Bollinger Bands with a momentum-sensitive approach through the Relative Strength Index (RSI). Here’s how it works:
Dynamic RSI Bollinger Bands: These bands dynamically adjust according to the RSI, which tracks the momentum of price movements. By scaling the RSI to align with price levels, we generate bands that not only reflect market volatility but also the underlying momentum, offering a refined view of overbought and oversold conditions.
Waldo Cloud: This feature adds a layer of traditional Bollinger Bands, visualized as a 'cloud' on your chart. It employs standard Bollinger Band methodology but enhances it with additional moving average layers to better define market trends.
The cloud's color changes dynamically based on various market conditions, providing visual signals for trend direction and potential trend reversals.
Why Combine These Indicators?
Combining Dynamic RSI Bollinger Bands with the Waldo Cloud in WMCBB aims to:
Enhance Trend Identification: The Waldo Cloud's color-coded system aids in recognizing the overarching market trend, while the Dynamic RSI Bands give insights into momentum changes within that trend, offering a comprehensive view.
Improve Volatility and Momentum Analysis: While traditional Bollinger Bands measure market volatility, integrating RSI adds a layer of momentum analysis, potentially leading to more accurate trading signals.
Visual Clarity: The unified color scheme for both sets of bands, which changes according to RSI levels, moving average crossovers, and price positioning, simplifies the process of gauging market sentiment at a glance.
Customization: Users have the option to toggle the visibility of moving averages (MA) through the settings, allowing for tailored analysis based on individual trading strategies.
Usage:
Utilize WMCBB to identify potential trend shifts by observing price interactions with the dynamic bands or changes in the Waldo Cloud's color.
Watch for divergences between price movements and RSI to forecast potential market reversals or continuations.
This combination shines in sideways markets where traditional indicators might fall short, as it provides additional context through RSI momentum analysis.
Settings:
Customize parameters for both the Dynamic RSI and Waldo Cloud Bollinger Bands, including the calculation source, standard deviation factors, and moving average lengths.
WMCBB is perfect for traders seeking to enhance their market analysis through the synergy of momentum and volatility, all while maintaining visual simplicity. Trade with greater insight using the Waldo Momentum Cloud Bollinger Bands!
SatoshiSteps Swing StrategyCore Components:
The indicator combines three popular technical analysis tools:
Ichimoku Cloud: This helps identify the trend, support, and resistance levels.
RSI (Relative Strength Index): This momentum oscillator identifies overbought and oversold conditions.
MACD (Moving Average Convergence Divergence): This trend-following momentum indicator shows the relationship between two moving averages1 of prices.
Logic:
The strategy aims to identify potential swing trading opportunities by combining signals from these three components. It essentially looks for:
Trend Confirmation (Ichimoku):
Price should be above the Ichimoku cloud for buy signals.
Price should be below the Ichimoku cloud for sell signals.
The Tenkan-sen (conversion line) should cross above the Kijun-sen (base line) for buy signals.
The Tenkan-sen should cross below the Kijun-sen for sell signals.
Overbought/Oversold Conditions (RSI):
RSI should be below the overbought level for buy signals (avoiding buying when the market is potentially overextended).
RSI should be above the oversold level for sell signals (avoiding selling when the market is potentially oversold).
Momentum Confirmation (MACD):
The MACD line should be above the signal line for buy signals (indicating upward momentum).
The MACD line should be below the signal line for sell signals (indicating downward momentum).
Buy Signal:
A buy signal is generated when all the following conditions are met:
The Tenkan-sen crosses above the Kijun-sen.
The price is above both the Senkou Span A and Senkou Span B (the cloud).
The RSI is below the overbought level.
The MACD line is above the signal line.
Sell Signal:
A sell signal is generated when all the following conditions are met:
The Tenkan-sen crosses below the Kijun-sen.
The price is below both the Senkou Span A and Senkou Span B (the cloud).
The RSI is above the oversold level.
The MACD line is below the signal line.
Key Considerations:
Time Frame: The indicator has built-in adjustments for 1-hour and 4-hour timeframes, optimizing the parameters for each.
Customization: You can customize the overbought/oversold RSI levels and the styles of the buy/sell signals (triangle, label, arrow, circle) through the indicator's settings.
Accuracy: While the strategy combines multiple indicators to improve accuracy, remember that no trading indicator is perfect. Market conditions can change rapidly, and false signals can occur.
Risk Management: Always use proper risk management techniques, such as stop-loss orders, and never risk more than you can afford to lose.
MACD, RSI, EMAScript with MACD, RSI and EMA all in one.
Features:
✅ MACD (Moving Average Convergence Divergence) – Identifies trend direction and momentum shifts using the MACD line, signal line, and histogram.
✅ RSI (Relative Strength Index) – Helps spot overbought/oversold conditions and potential reversals.
✅ EMA (Exponential Moving Average) – Smooths price action to highlight the prevailing trend and dynamic support/resistance levels.
This indicator is perfect for traders who want clear trend confirmation, momentum insights, and dynamic entry/exit points—all in a single tool!
Try it out and enhance your trading strategy! Let me know your feedback in the comments.
RSI Custom CloudsThis script enhances the standard RSI by adding moving average smoothing, visual cues (gradient fills), and optional divergence calculations, making it easier to spot potential trading opportunities based on RSI trends.
Dynamic RSI Bollinger Bands with Waldo Cloud
TradingView Indicator Description: Dynamic RSI Bollinger Bands with Waldo Cloud
Title: Dynamic RSI Bollinger Bands with Waldo Cloud
Short Title: Dynamic RSI BB Waldo
Overview:
Introducing an experimental indicator, the Dynamic RSI Bollinger Bands with Waldo Cloud, designed for adventurous traders looking to explore new dimensions in technical analysis. This indicator overlays on your chart, providing a unique perspective by integrating the Relative Strength Index (RSI) with Bollinger Bands, creating a dynamic trading tool that adapts to market conditions through the lens of momentum and volatility.
What is it?
This innovative indicator combines the traditional Bollinger Bands with the RSI in a way that hasn't been commonly explored. Here's a breakdown:
RSI Integration: The RSI is calculated with customizable length settings, and its values are used not just for momentum analysis but as the basis for the Bollinger Bands. This means the position and width of the bands are directly influenced by the RSI, offering a visual representation of momentum within the context of price volatility.
Dynamic Bollinger Bands: Instead of using price directly, the Bollinger Bands are calculated using a scaled version of the RSI. This scaling is done to fit the RSI values into the price range, ensuring the bands are relevant to the actual price movement. The standard deviation for these bands is also scaled accordingly, providing a unique volatility measure that's momentum-driven.
Waldo Cloud: Named after a visual representation concept, the 'Waldo Cloud' refers to the colored area between the Bollinger Bands, which changes based on various conditions:
Purple when RSI is overbought.
Blue when RSI is oversold.
Green for bullish conditions, defined by the fast-moving average crossing above the slow one, RSI is bullish, and the price is above the slow MA.
Red for bearish conditions, when the fast MA crosses below the slow MA, the RSI is bearish, and the price is below the slow MA.
Gray for neutral market conditions.
Moving Averages: Two simple moving averages (Fast MA and Slow MA) are included, which can be toggled on or off, offering additional trend analysis through crossovers.
How to Use It:
Given its experimental nature, this indicator should be used with caution and in conjunction with other analysis methods:
Identifying Market Conditions: Use the color of the Waldo Cloud to gauge market sentiment. A green cloud might suggest a good time to consider long positions, while a red cloud could indicate potential shorting opportunities. Purple and blue clouds highlight extreme conditions that might precede reversals.
Volatility and Momentum: The dynamic nature of the Bollinger Bands based on RSI provides insight into how momentum is affecting price volatility. When the bands are wide, it might indicate high momentum and potential trend continuation or reversal, depending on the RSI's position relative to its overbought/oversold levels.
Trend Confirmation: The moving average crossovers can act as confirmation signals. For instance, a bullish crossover (fast MA over slow MA) within a green cloud might strengthen a buy signal, whereas a bearish crossover in a red cloud might reinforce a sell decision.
Customization: Adjust the RSI length, overbought/oversold levels, and moving average lengths to suit different trading styles or market conditions. Experiment with these settings to find what works best for your strategy.
Combining with Other Indicators: Since this is an experimental tool, it's advisable to use it alongside established indicators like traditional Bollinger Bands, MACD, or trend lines to validate signals.
Conclusion:
The Dynamic RSI Bollinger Bands with Waldo Cloud is an experimental venture into combining momentum with volatility visually and interactively. It's designed for traders who are open to exploring new methods of market analysis.
Remember, due to its experimental status, this indicator should be part of a broader trading strategy, and backtesting or paper trading is recommended before applying it in live trading scenarios. Keep an eye on how the market reacts to the signals provided by this indicator and always consider risk management practices.
Waldo's RSI Color Trend Candles
TradingView Description for Waldo's RSI Color Trend Candles
Title: Waldo's RSI Color Trend Candles
Short Title: Waldo RSI CTC
Overview:
Waldo's RSI Color Trend Candles is a visually intuitive indicator designed to enhance your trading experience by color-coding candlesticks based on the integration of Relative Strength Index (RSI) momentum and moving average trend analysis. This innovative tool overlays directly on your price chart, providing a clear, color-based representation of market sentiment and trend direction.
What is it?
This indicator combines the power of RSI with the simplicity of moving averages to offer traders a unique way to visualize market conditions:
RSI Integration: The RSI is computed with customizable parameters, allowing traders to adjust how momentum is interpreted. The RSI values influence the primary color of the candles, indicating overbought or oversold market states.
Moving Averages: Utilizing two Simple Moving Averages (SMAs) with user-defined lengths, the indicator helps in identifying trend directions through their crossovers. The fast MA and slow MA can be toggled on/off for visual clarity.
Color Trend Candles: The 'Color Trend Candles' feature uses a dynamic color scheme to reflect different market conditions:
Purple for overbought conditions when RSI exceeds the set threshold (default 70).
Blue for oversold conditions when RSI falls below the set threshold (default 44).
Green indicates a bullish trend, confirmed by both price action and RSI being bullish (fast MA crossing above slow MA, with price above the slow MA).
Red signals a bearish trend, when both price and RSI are bearish (fast MA crossing below slow MA, with price below the slow MA).
Gray for neutral or mixed market sentiment, where signals are less clear or contradictory.
How to Use It:
Waldo's RSI Color Trend Candles is tailored for traders who appreciate visual cues in their trading strategy:
Trend and Momentum Insight: The color of each candle gives an immediate visual representation of both the trend (via MA crossovers) and momentum (via RSI). Green and red candles align with bullish or bearish trends, respectively, providing a quick reference for market direction.
Identifying Extreme Conditions: Purple and blue candles highlight potential reversal zones or areas where the market might be overstretched, offering opportunities for contrarian trades or to anticipate market corrections.
Customization: Users can adjust the RSI length, overbought/oversold levels, and the lengths of the moving averages to align with their trading style or the specific characteristics of the asset they're trading.
This customization ensures the indicator can be tailored to various market conditions.
Simplified Decision Making: Designed for traders who prefer a visual approach, this indicator simplifies the decision-making process by encoding complex market data into an easy-to-understand color system.
However, for a robust trading strategy, it's recommended to use it alongside other analytical tools.
Control Over Display: The option to show or hide moving averages and to enable or disable the color-coding of candles provides users with control over how information is presented, allowing for a cleaner chart or more detailed analysis as preferred.
Conclusion:
Waldo's RSI Color Trend Candles offers a fresh, visually appealing method to interpret market trends and momentum through the color of candlesticks. It's ideal for traders looking for a straightforward way to gauge market sentiment at a glance. While this indicator can significantly enhance your trading setup, remember to incorporate it within a broader strategy, using additional confirmation from other indicators or analysis methods to manage risk and validate trading decisions. Dive into the colorful world of trading with Waldo's RSI Color Trend Candles and let the market's mood guide your trades with clarity and ease.
SMA + RSI + ADX + ATR StrategyСильно не ругайте это первая моя стратегия, она простая но со вкусом как говорят, пробуйте вносите изменения.
Помощь в допиливании стратегии приветсвуется!
✅ Используются индикаторы:
SMA 10 и SMA 200 – для входа по пересечению
RSI – для подтверждения тренда
ADX – для определения силы тренда
ATR – для расчёта волатильности
✅ Работает на таймфреймах:
M5, H3, H4, D1, MN
✅ Открывает сделки:
BUY – когда SMA10 пересекает SMA200 вверх, и RSI + ADX подтверждают тренд
SELL – когда SMA10 пересекает SMA200 вниз, и RSI + ADX подтверждают тренд
✅ Управляет риском:
Использует не более 2% от депозита на одну сделку
✅ Поддерживает хеджирование
Composite Strength Indicator This indicator calculates a composite market strength value by
combining multiple technical metrics: a manually-computed ADX,
RSI, EMA crossover, MACD histogram, and Rate of Change (ROC).
The indicator then visualizes the strength by changing both the
chart's background color and the candle (bar) colors based on
several strength phases:
- Very Strong Bullish (> 30): Green (background semi-transparent, candles opaque)
- Moderately Strong Bullish (21 to 30): Lime
- Mild Bullish (11 to 20): Teal
- Neutral (-10 to 10): Gray
- Mild Bearish (-20 to -11): Orange
- Moderately Strong Bearish (-30 to -21): Red
- Very Strong Bearish (< -30): Maroon
You can customize the indicator parameters (ADX, RSI, EMA, MACD, ROC)
and use the toggles "Display Background Color" and "Display Candle Color"
to enable or disable each color feature.
RSI + Volume High + ICT Entry SignalWhen the RSI crosses down the 70 level, with a high-volume candle of at least 3% price change. It also has configurable options for showing VWMA and WMA of the RSI, and additional levels for stop loss and ICT model 1 entry criteria.
Multi-Timeframe RSI//@version=5
indicator("Multi-Timeframe RSI", overlay=false)
// RSI Length
rsiLength = 14
// Central RSI (Current Timeframe)
centralRSI = ta.rsi(close, rsiLength)
// Higher Timeframe RSI Calculations
rsiMonthly = request.security(syminfo.ticker, "M", ta.rsi(close, rsiLength))
rsiWeekly = request.security(syminfo.ticker, "W", ta.rsi(close, rsiLength))
rsiDaily = request.security(syminfo.ticker, "D", ta.rsi(close, rsiLength))
// Plot RSI Values
plot(centralRSI, color=color.blue, linewidth=2, title="Central RSI")
plot(rsiMonthly, color=color.red, linewidth=2, title="Monthly RSI")
plot(rsiWeekly, color=color.green, linewidth=2, title="Weekly RSI")
plot(rsiDaily, color=color.orange, linewidth=2, title="Daily RSI")
// RSI Overbought & Oversold Levels
hline(70, "Overbought", color=color.gray)
hline(30, "Oversold", color=color.gray)
hline(50, "Midline", color=color.gray, linestyle=hline.style_dotted)
Waldo Cloud Bollinger Bands
Waldo Cloud Bollinger Bands Indicator Description for TradingView
Title: Waldo Cloud Bollinger Bands
Short Title: Waldo Cloud BB
Overview:
The Waldo Cloud Bollinger Bands indicator is a sophisticated tool designed for traders looking to combine the volatility analysis of Bollinger Bands with the momentum insights of the Relative Strength Index (RSI) and moving average crossovers. This indicator overlays on your chart, providing a visual representation that helps in identifying potential trading opportunities based on price action, momentum, and trend direction.
Concept:
This indicator merges three key technical analysis concepts:
Bollinger Bands: These are used to measure market volatility. The bands consist of a central moving average (basis) with an upper and lower band that are standard deviations away from this average. In this indicator, you can customize the type of moving average used for the basis (SMA, EMA, SMMA, WMA, VWMA), the length of the period, the source price, and the standard deviation multiplier, offering flexibility to adapt to different market conditions.
Relative Strength Index (RSI): The RSI is incorporated to provide insight into the momentum of price movements. Users can adjust the RSI length and overbought/oversold levels and even choose the price source for RSI calculation, allowing for tailored momentum analysis. The RSI values influence the cloud color between the Bollinger Bands, signaling market conditions.
Moving Average Crossovers: Two moving averages with customizable lengths and types are used to identify trend direction through crossovers. A fast MA (default 20 periods) and a slow MA (default 50 periods) are plotted when enabled, helping to signal potential bullish or bearish market conditions when they cross over each other.
Functionality:
Bollinger Bands Calculation: The basis of the Bollinger Bands is calculated using a user-defined moving average type, with a customizable length, source, and standard deviation multiplier. The upper and lower bands are then plotted around this basis.
RSI Calculation: The RSI is computed using a user-specified source, length, and overbought/oversold levels. This RSI value is used to determine the color of the cloud between the Bollinger Bands, which visually represents market sentiment:
Purple when RSI is overbought.
Blue when RSI is oversold.
Green for bullish conditions (when the fast MA crosses above the slow MA, RSI is bullish, and the price is above the slow MA).
Red for bearish conditions (when the fast MA crosses below the slow MA, RSI is bearish, and the price is below the slow MA).
Gray for neutral conditions.
Trend Analysis: The indicator uses two moving averages to help determine the trend direction.
When the fast MA crosses over the slow MA, it suggests a potential change in trend direction, which, combined with RSI conditions, provides a more comprehensive trading signal.
Customization:
Users can select the type of moving average for all calculations through the "Global MA Type" setting, ensuring consistency in how trends and volatility are interpreted.
The Bollinger Bands settings allow for adjustments in length, source, standard deviation, and offset, giving traders control over how volatility is measured.
RSI settings include the ability to change the RSI source, length, and overbought/oversold thresholds, which can be fine-tuned to match trading strategies.
The option to show or hide moving averages provides clarity on the chart, focusing on either the Bollinger Bands or including the MA crossovers for trend analysis.
Usage:
This indicator is ideal for traders who incorporate both volatility and momentum in their trading decisions.
By observing the color changes in the cloud, along with the position of the price relative to the moving averages, traders can gauge potential entry and exit points.
For instance, a green cloud with a price above the slow MA might suggest a strong buying opportunity, while a red cloud with a price below might indicate selling pressure.
Conclusion:
The Waldo Cloud Bollinger Bands indicator offers a unique blend of volatility, momentum, and trend analysis, providing traders with a multi-faceted view of market conditions. Its customization options make it adaptable to various trading styles and market environments, making it a valuable addition to any trader's toolkit on Trading View.
MACD + RSI Buy/Sell Signals### **MACD + RSI Buy/Sell Signals Indicator for TradingView**
This TradingView indicator helps traders identify **buy and sell opportunities** using a combination of **MACD (Moving Average Convergence Divergence) and RSI (Relative Strength Index)**.
---
### **Indicator Components**
1. **MACD (Moving Average Convergence Divergence)**
- Uses **12-period EMA (fast)** and **26-period EMA (slow)** to calculate the MACD line.
- A **9-period EMA** of the MACD line is used as the **signal line**.
- A **bullish crossover** (MACD line crossing above the signal line) suggests a buy signal.
- A **bearish crossover** (MACD line crossing below the signal line) suggests a sell signal.
2. **RSI (Relative Strength Index)**
- Uses a **14-period RSI** to measure momentum.
- An RSI value above **30** confirms a **buy signal** when the MACD crossover happens.
- An RSI value below **70** confirms a **sell signal** when the MACD crossunder happens.
---
### **Buy & Sell Signals**
- **Buy Signal:**
- When the **MACD line crosses above the signal line**, and RSI is above **30** (indicating upward momentum).
- Plotted as a **green label** below the price bars.
- **Sell Signal:**
- When the **MACD line crosses below the signal line**, and RSI is below **70** (indicating downward momentum).
- Plotted as a **red label** above the price bars.
---
### **Usage Guidelines**
- Best suited for **intraday and swing trading** on **higher timeframes** like **15 minutes, 1 hour, or daily charts**.
- Works well in **trending markets** but may generate false signals in **sideways markets**.
- Can be combined with **support/resistance levels** for higher accuracy.
---
This indicator provides **clear visual signals** on the chart to help traders **easily identify potential entry and exit points**.
RVMM IndicatorRVMM Indicator
RVMM Indicator combines four indicators: RSI, VWAP, MFI, and Momentum to provide comprehensive technical analysis. This indicator helps traders identify potential market conditions based on the interaction of these indicators.
Components of the RVMM Indicator
1. RSI (Relative Strength Index)
RSI is a momentum indicator that measures the speed and change of price movements. RSI oscillates between 0 and 100 and is used to identify overbought and oversold conditions in the market.
Buy Level: Set at 30. When RSI falls below 30, the market is considered oversold, which may suggest a potential upward trend reversal.
Sell Level: Set at 70. When RSI rises above 70, the market is considered overbought, which may suggest a potential downward trend reversal.
2. VWAP (Volume Weighted Average Price)
VWAP is an indicator that combines price and volume to calculate the average price weighted by volume. VWAP is used to identify support and resistance areas and assess the strength of price movements.
Interpretation: If the price is above the VWAP line, the market is likely in an uptrend. If the price is below the VWAP line, the market is in a downtrend.
3. MFI (Money Flow Index)
MFI is a momentum indicator that considers both price and volume. MFI oscillates between 0 and 100 and is used to identify overbought and oversold conditions in the market.
Oversold Level: Set at 20. When MFI falls below 20, the market is considered oversold.
Overbought Level: Set at 80. When MFI rises above 80, the market is considered overbought.
4. Momentum
Momentum is an indicator that measures the speed of price changes. This indicator is used to identify the strength of a trend.
Interpretation: High momentum values indicate a strong uptrend, while low momentum values indicate a strong downtrend.
How to Use the RVMM Indicator
Interpreting Market Conditions:
RSI : Check RSI values below 30 to identify oversold conditions, and above 70 to identify overbought conditions.
VWAP : Observe whether the price is above or below the VWAP line to determine if the market is in an uptrend or downtrend.
MFI : Check if MFI is below 20 to identify oversold conditions, and above 80 to identify overbought conditions.
Momentum : Analyze momentum values to gauge the strength of the current trend.
Confirming Market Conditions:
Use VWAP, MFI, and Momentum to confirm market conditions identified by RSI.
If the price is above the VWAP line, and MFI and Momentum indicate the strength of the uptrend, the market may be in a bullish phase.
If the price is below the VWAP line, and MFI and Momentum indicate the strength of the downtrend, the market may be in a bearish phase.
Risk Management:
Set stop-loss and take-profit levels based on technical analysis and your trading preferences.
Monitor the market and adjust stop-loss and take-profit levels as market conditions change.
Example of Application
Here is an example of how to use the RVMM Indicator in practice:
Bullish Phase: When the price is above the VWAP line, RSI is below 30, and MFI and Momentum indicate the strength of the uptrend, the market is likely in a bullish phase.
Bearish Phase: When the price is below the VWAP line, RSI is above 70, and MFI and Momentum indicate the strength of the downtrend, the market is likely in a bearish phase.
CHARTIST WAQAR ADVANCE RSI 3 LAYERThis RSI provide support or resistance with buy sell signal :
█ PURPOSE
CHARTIST WAQAR ADVANCE RSI 3 LAYER Strategy Analyzer helps traders :
Identify mean-reversion opportunities through RSI extremes
Backtest entry strategy effectiveness across multiple time horizons
Optimize trade timing through visual historical performance data
Quickly assess strategy robustness with color-coded
█ KEY FEATURES
RSI Calculation
Calculates RSI with customizable period (default 14) and you can use 7 / 14 / 21 / 28 /35 ....
Plots dynamic overbought (80) and oversold (30) levels
Adds background coloring for
Trade Direction :
Users can select a trade bias:
Long: Focuses on oversold reversals (bullish signals)
Short: Focuses on overbought reversals (bearish signals)
MTF RSI/MACD Momentum ScalperMTF RSI/MACD Momentum Scalper is designed for multi-timeframe (MTF) trend analysis using the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicators. It provides trading signals and visual cues for traders seeking to capitalize on short-term market momentum.
Key Features and How to Use :
1. Multi-Timeframe Analysis : The script uses three different timeframes to determine the trend (e.g., 5, 15 minutes). It combines the results of RSI and MACD indicators from these timeframes to confirm a strong trend before signaling potential trade opportunities.
- RSI identifies whether a market is in a bullish or bearish condition based on a 14-period length (default).
- MACD provides an additional layer of confirmation by comparing fast and slow moving averages, with customizable lengths.
2. Buy/Sell Signals : The script generates buy signals when all selected timeframes show a bullish trend (both RSI and MACD) and sell signals when all timeframes indicate a bearish trend. These signals are displayed as triangle shapes on the chart for easy identification.
3. Take Profit Signals : Separate signals for taking profits are available, activated when the trend reverses (bullish to bearish or vice versa). These are represented as square shapes on the chart.
4. Candle Color Changes : Optionally, the color of the candlesticks can be adjusted to reflect the prevailing trend, providing a visual cue for market conditions. Bullish candles are teal, bearish candles are red, and neutral conditions are gray.
5. Alert Conditions : The script includes customizable alert conditions for buy and sell signals, which can notify traders when to enter or exit positions.
Why It's Unique:
- Multi-Timeframe Trend Confirmation : Unlike other indicators that rely on a single timeframe, this script combines three timeframes for a more reliable trend analysis. This reduces the chances of false signals by ensuring that the market trend is consistent across different time periods.
- Visual and Alert-Based Signals : It not only changes the candle colors to match the trend but also provides both visual (on-screen) and alert-based notifications for buy, sell, and take-profit opportunities. This makes it easier for traders to make quick decisions.
Why It's Useful:
- Comprehensive Trend Analysis : The combination of RSI and MACD across multiple timeframes provides a robust method for identifying strong market trends, which is especially useful for momentum-based scalping strategies.
- Helps Manage Risk : With take-profit signals and clear buy/sell alerts, the script helps traders capture profits while avoiding the risk of holding positions too long.
- Customizable for Different Strategies : The user can adjust the parameters (e.g., RSI length, MACD settings, and timeframes) to tailor the script to their trading style and asset preferences.
In summary, the MTF RSI/MACD Momentum Scalper is a powerful tool for traders who focus on capturing short-term market movements. By using multi-timeframe analysis combined with popular technical indicators, it offers a more reliable and visually intuitive way to trade.
Multi Time Frame RSI Panel by shahidtesting 1
This indicator displays RSI values for multiple time frames in a table format. It helps traders compare RSI across different time frames at a glance, allowing them to spot overbought or oversold conditions across various periods.
