Original Idea by Invsto
In this indicator, I explore the core concepts of RSI and extend it with smoothening to determine volatility.
Usage:
LIME/GREEN : High Volatility and BULLISH trend
RED/FUCHSIA : High Volatility and BEARISH trend
GRAY: Low volatility/Potential Chop Zone
The Simple Floating Relative Index Strength Indicator to analysis the real time value of RSI along with High Minus Low of Day , Week and Monthly candle value and Real time Candle Body size. Simple indications of colors i.e. green indicates bullish and red indicates Bearish
The Modified Relative Strength Index was created by John Ehlers (Cycle Analytics For Traders pgs 87-88) and this is a typical RSI that uses his roofing filter as the input. He smooths it with his own super smoother filter to provide signals. This indicator is extremely reactive and works in cycles so keep that in mind. I haven't been able to come up with clear buy...
Questo semplice script sfrutta il RSI a 14 periodi per comprare (solo long) quando RSI crocia al rialzo i 30 (oversold line) e chiude l'operazione quando RSI crocia al ribasso i 70 (overbought line).
La strategia è stata progettata sul TimeFrame delle 4H (su BTC) e dimostra come una semplicissima strategia con un solo segnale poteva portare un 20% dal 2020 ad...
RSI rules: If we break above 70 RSI, 40-50 RSI acts as support,
If we break below 30 RSI, 50-60 RSI acts as resistance
I color coded the support/resistance areas to make visuals easier. This is part of my private indicator, but I removed the buy/sell part (which is the private part). I think this will help a lot with your guy's trading.
The RSING indicator was created by Alon Horesh (Stocks & Commodities March 2021 pg 11) and this aims to be a better version of rsi that adapts to volume as well as a focus on overall strength. This is trying to fix the issues with the traditional RSI with a lack of volume and the issue where you could have the indicator stay in overbought or oversold territory but...
The Momenta RSI Indicator was created by William Blau (Stocks & Commodities V. 9:5 (202-205)) and is a variation of the classic RSI using his Momenta Indicator formula. I have color coded everything to make it very easy to determine buy and sell signals.
Let me know if you would like to see me write scripts for other indicators!
█ OVERVIEW
This indicator is based on a concept u/nebraskangooner posted on Twitter on August 18, 2022.
█ CONCEPTS
When BTCUSD 1W RSI crosses above 52, Bitcoin is in uptrend
When BTCUSD 1W RSI crosses below 52, Bitcoin is in downtrend
█ USAGE
Add this to your charts, and then set an alert for when RSI or the RSI Average crosses 52.
Link...
Bearish Market Indicator is a simple tool that highlights significant changes on the canvas (chart). For example, if the price dips lower than 50 days Moving Averages (MA), it will highlight white. If the close (closed price) is lower than the 200 days MA, then the highlight color turns into orange. Finally, if the close value (closing price) dips lower than the...
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...
This script does two things:
1- Highlights extreme levels on RSI
2- Calculates what % of the time, price closed higher (lower) with some minimum threshold when RSI was below oversold (overbought) level in a predefined number of bars.
I use this to understand if buying the dip/selling the rip works for a security and on what time frame and if it could be a...
This script highlights the indicator background when the RSI exceeds oversold and overbought thresholds making it easier to spot them.
Good for strategies that rely on extreme RSI readings
Really nice performance of Simple RSI Strategy for LTCUSDT ( Binance ) 5m chart.
Params: RSI Length: 3, RSI OverSold level: 47, RSI OverBought Level: 56
Performance: 391% profit, 2400 trades, 42% prof, 14.6% dd , 0.65 sharpe.
I think this strategy can be a really nice base for a pretty good strategy. We have quite a lot of trades here you can add additional...
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...
![AAPL: Ehlers Modified Relative Strength Index [CC]](https://s3.tradingview.com/d/deekAweM_mid.png "Ehlers Modified Relative Strength Index [CC]")
![AAPL: RSING Indicator [CC]](https://s3.tradingview.com/f/fYHERjpE_mid.png "RSING Indicator [CC]")
