Extends the display of the Relative Strength Index (RSI) by shorts and longs from Bitmex and shows them as a diagram.
How to interpret the display?
- blue line is the default Relative Strength Index
- red line means "oversold
- green line "overbought"
- grey dotted line up/down indicates the optimal range for up and down movements 30 to 70
- in general, the...
RSI is a widely accepted indicator by most of the traders. I built this indicator to present all the RSI buying and selling signals that can be missed to get the best use of this indicator.
The indicator is composed of:
2. Stochastic RSI
3. Linear regression for the RSI
The short signals provided by the stochastic will support short term traders...
Candles get darker when volume is high, and brighter when volume is low. They are red or green depending on whether the RSI is above or below a threshold value, or alternatively you can pick a more vanilla coloring based on current close vs last close or last open.
For personal use as I enjoy the aesthetics of it. The more solid RSI coloring helps highlight the...
This script simply creates a combo of some indicators I have found to be useful to visualize together.
Its fairly simple to use... buy the red and sell the green. The red and green 'zones' are VI indicator plus and minus using color to identify instead of plotting the lines and creating more mess for us.
The blue line is our BB B%... and the solid lines are the...
The indicator allows the user to establish importance levels on the indicator, the levels are established by a color stripe. The difference of this RSI with the others is that it allows you to set custom levels and set colors for each value allowing a better user experience.
-75-90 Overbought Levels
-50 Medium level
-25-10 Oversold levels
Another multi-timeframe indicator presents 3 MTF (each) Bollinger Bands and 3 MTF (each) Reverse Engineering RSI and of course with shifting (left/right) capability.
RERSI in a simple term is the RSI but on the main chart alongside with candles.
There are many adjustable options like:
- Show/Hide each BB
- Show/Hide each MA
- Non-integer BB deviation values
-Buying or selling signal on screen
-RSI in overbought or oversold
-Stoch overbought or oversold
The expected profit is 30pips positive. Adjust risk by 30pips
indicator consisting of
Stoch 14, 6, 6
Dmi 20, 5
This strategy is similar to RSI V pattern strategy, but it looks for W pattern in RSI chart.
1. ema20 is above ema50
2. RSI5 crossing up 30 from oversold area
3. and RSI5 must be below overbought area (default value set to 65)
Add to existing Position
1. You can add on the next W pattern OR
2. if RSI5 is crossing up from below 20
This indicator is based on the 'rsi sma/ema CU' indicator by auroagwei. That is a great base to start with.
I've added Bollinger Bands, crossover indications and alert conditions to it, to work with a combined RSI - MA - BB strategy.
This is a follow on to my Multi-Timeframe RSI indicator . In that indicator, you could keep an eye on RSI values above your current time frame. This one allows you to look at RSI levels below your current timeframe. The idea behind this one is you may want to "buy the dip," so you can look for oversold conditions on lower time frames expecting a bounce to...
This script is a combination of the RSI Divergence Strategy combined with Ichimoku Cloud and 200 EMA .
A long position is entered only when the RSI identifies a bullish divergence (either regular or hidden), and that the Ichimoku Cloud is above the 200 EMA . This is to ensure that there is a confirmation of a bullish trend before an entry.
This indicator draws swings on the chart based on the RSI configured within.
The swings are drawn from Overbought to Oversold or vice-versa.
From Overbought to Oversold, a line is drawn from the highest price before oversold to the lowest price of the oversold.
The labels can be deactivated from the style menu, it was easier for me to implement this way...