OPEN-SOURCE SCRIPT

RSI Custom ADX VWAP Swing Signals

234
RSI Custom ADX VWAP Swing Signals
This Pine Script indicator is designed for the NASDAQ 1-minute timeframe (or any timeframe you use) and combines several technical analysis tools:

RSI (Relative Strength Index): Measures momentum, indicating overbought and oversold conditions.
Custom ADX (Average Directional Index): Quantifies the strength of a trend, regardless of direction.
VWAP (Volume-Weighted Average Price): Represents the average price weighted by volume, indicating central price tendency.
Swing High/Low Detection: Identifies recent high and low points to detect breakout signals.
How it works:
RSI Calculation:

Uses a length of 14 (or your input) to assess whether market momentum is overbought (>60) or oversold (<30).
Custom ADX Calculation:

Computes plusDM and minusDM based on recent high/low price changes.
Smooths these using Wilder’s method (ta.rma) to obtain directional movement.
Derives the ADX value (sig), representing the trend strength.
VWAP Calculation:

Uses the typical price (hlc3) to compute the VWAP, a key level indicating average trading price weighted by

Thông báo miễn trừ trách nhiệm

Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.