Not an upgrade as much as a tweek.
DMI+/- are slightly smoother.
ADX was modified to be a field that is negative or positive, the value of which was multiplied to be highly visible.
Hope you like it.
Indicator for getting StochRSI reading while looking at RSI.
White background plots RSI lows and highs over lookback period. (14 is the default)
Both lines are smoothed like original RSI.
Standard RSI already stylized
Standard Overbought and Oversold line stylized + middle line
Moving Average, can set length and exponential or simple
MA can be colored based on direction
MA has crosses when yellow, likely soon before a reversal
MACD rendered as candles to make it easier on the eyes. Candles are hollow when the MACD line moves opposite direction of the trend, which can signal a weakening trend.
Credit to @lukescream for the original code that I modified to make the multi RSI dynamic. 4 timeframes plus live time frame RSI can be plotted together to visualize areas of confluence.
Union of three RSI indicators: 1h, 4h and daily. In order to show 1h RSI, you have to set it as active time frame on the chart.
Purpose: spot "triple oversold" moments, where all the three RSI are under the threshold, which is 30 by default but editable.
Target Market: Cryptocurrencies. Didn't try it on other ones, may work as well. Fits Crypto well as, by...
www.tradingview.com
Strong buy above 0.5
Buy above 0
I am missing a couple indicators but the rating seems to be working for the most part.
MTF function is in works.
etc...
Bollinger Band width is hard to follow on log charts, but it's an excellent indicator for volatility. When BBand % width crosses down through periods of low crosses down through periods where RSI is low, you may be able to count on a substantial reversal over the intermediate or long-term.
This indicator gives a histogram of RSI in relation to an ema of the RSI.
The histogram is then smoothed to reduce false signals.
The actualiteit RSI line with overbought/overvols signals can be added or omitted as preferred.
The background can be color coded if the RSI is above or below 50.
Version 2. Added support for MTF. Longer timesframes (1h-3h) tend to...
This mimics the performance of the strategy created by Vdub FX Sniper, the user should buy when it marks green and sell when it marks yellow, however i can't get to the alert system trigger effectively, any ideas?
![XBTUSD.P: MACD [Moving Average Convergence/Divergence]](https://s3.tradingview.com/b/byjz336q_mid.png "MACD [Moving Average Convergence/Divergence]")
