Started to play with very simple strategies. Trying to find ones with optimal parameters which work well for certain symbols/timeframe.
Found that basic RSI strategy without any position management with high RSI length (65 in this script) works pretty good for 1m chart for few stocks.
It's also not bad for AAPL , SPY .
It might not work very good on it's not...
One of the questions hobbyist traders more often ask is: what is the perfect trading indicator?
Every indicator is just a tool, so its efficiency is proportional to your ability to read its signals and translate them into an actionable trading strategy. The RSI is likely the most flexible and easy to use among the technical indicators.
This trading strategy...
Slowing the RSI down opens up a whole new world of possibilities.
This concept can work for a lot of TA indicators including the MACD.
See script source code for further description. Feel free to add pyramid trades at your own discretion in your format menu.
No this doesn't repaint!
Trying to find simple strategies with optimal parameters which work well for certain symbols/timeframe.
Found that basic RSI strategy without any position management works pretty good for 1m chart for BTCUSDT.
It might not work very good on it's not but can give you a pretty good base for more complicated indicators.
Also, some position management as simple as...
Great tool to find market tops, bottoms, S/R's and reversals.
Rsi has 2 customiseble overbought and oversold levels can show you extreme levels.
Slow Stochastic 1 (25 period) shows small price swings
Slow stochastic 2 (100 period) can show you a greater picture, are we reversing?
Why do you need Leguerre, Murrey, Kaufman oscilator 3000 when you can have old and...
RSI overbought and oversold histogram
Just indicator combo of oldschool slow stochastic and rsi, just looking a little bit better for someone.
Strategy is simple:
1) RSI is overbought or oversold (above 70, below 30)?
2) Stochastic line crosses its ema?
3) Stochastic and stochastic ema are in overbought = sell, oversold = buy.
Works good in volitile stocks/pairs...
It isn't easy to determine if the price of a stock is about to break out. Here’s one way you can determine the relative strength of a breakout, enabling you to act early and realize higher profits.
This indicator was originally developed by Howard Wang Stocks & Commodities V. 33:09 (60–62)
This is the updated version for PineScript V5
3x RSI indicator into 1. You can turn on or off all of them.
Each RSI has 2 individual Moving Averages that can also be changed to be "Full RSI" in the settings.
This makes 3x3 = 9 indicators on screen at the same time. (you can turn them on or off)
It has Bullish and Bearish divergence and hidden divergence as...
Applies signal values to significant changes in momentum and can be used in conjunction with other indicators and analysis to improve trade timing.
Both "Signal Up" and "Signal Down" can be used for alerts.
The magnitude of the signal is the difference between K and D.
(See the code for the logic and implementation.)
Signal Up occurs when momentum is within...
Spiky Iguana Multi RSI Bands by RagingRocketBull 2018
This indicator shows multiple RSI Bands with prices corresponding to specified overbought/oversold RSI levels.
It is used to extrapolate the exact price levels currently matching a given set of RSI levels based on prior price/RSI levels action.
You can think of it as a reverse RSI where RSI levels...
This script detects potential trend reverse and Buy or Sell spots.
It works with finding overvalued RSI and Engulfing candle after that and plotting "Buy" or "Sell" signal on price chart.
* Users can change RSI values easily from setting.
Highlights Oversold and Overbought
Show Cross Line when the momentum ends
Same design of my previous indicators
Setting recommended for EURUSD:
Length = 14
Oversold = 68
Overbought = 32
Other markets try:
Length = 14
Oversold = 70
El indicador destaca cuando el mercado esta en sobre-compra o sobre-venta
Para una mejor visualización, marca...
Hello fellow sexy traders.
I was tired of constantly having to add my own horizontals/MAs to the default RSI so I decided to make this modification.
The default settings include channels from 40-80 (green horizontals) for a bullish range, and 20-60 (red horizontals) for the bearish range.
Also includes white line at 50 level, and blue horizontals at extremes...
Original Idea by Invsto
In this indicator, I explore the core concepts of RSI and extend it with smoothening to determine volatility.
LIME/GREEN : High Volatility and BULLISH trend
RED/FUCHSIA : High Volatility and BEARISH trend
GRAY: Low volatility/Potential Chop Zone