█ Introduction and How it is Different The "PresentTrend RMI Synergy Strategy" is the combined power of the Relative Momentum Index (RMI) and a custom presentTrend indicator. This strategy introduces a multifaceted approach, integrating momentum analysis with trend direction to offer traders a more nuanced and responsive trading mechanism. BTCUSD 6h L/S...
The Heiken Ashi Algo Oscillator v6, introduces a refined approach to technical analysis applicable across various markets. Central to this algorithm is the integration of the Relative Strength Index #RSI, a staple indicator renowned for its effectiveness in measuring momentum. The RSI - Tried and True: By incorporating the #RSI, traders gain valuable insights...
What is Rocket RSI Welles Wilder's original description of the relative strength index (RSI) in his 1978 New Concepts In Technical Trading Systems specified a calculation period of 14 days. This requirement led him on a 40-year quest to find the right length of data for calculating indicators and trading strategy rules. Many technicians touched on RSI and...
The "RSI MFI WPR Combo" is a sophisticated trading indicator developed for the TradingView platform, which synergistically combines the insights of three renowned technical analysis tools: the Relative Strength Index (RSI), the Money Flow Index (MFI), and the Williams Percent Range (WPR). This indicator is meticulously designed to assist traders in identifying...
The "Entry Buy/Sell with RSI-WMA Conditions" script, crafted by Brian Le, is a specialized TradingView indicator designed for traders who seek to capitalize on specific RSI (Relative Strength Index) crossover events relative to key moving averages, specifically the EMA (Exponential Moving Average) and WMA (Weighted Moving Average). This tool is particularly useful...
Have you ever wanted to scan across many tickers and monitor an indicator across time for these selected tickers? Have you ever wanted to monitor the Mag7 and SPY simultaneously and watch a divergence take place real time across all selected tickers? With this indicator, you can now view 100 tickers (in batches of 10) for either Stocks, Crypto or Forex, with a...
🔵 Introduction Version 1.1 This is a Pine 5 trend following strategy. It has a four strategy with several alerts and signals. The design intent is to produce a commercial grade signal generator that can be adapted to any symbol in cryptocurrency and only 1H Chart. Ideally, the script is reliable enough to be the basis of an automated trading system web-hooked to...
The "Multi-TF RSI Table" indicator is a comprehensive tool designed to present traders with a quick visual summary of the Relative Strength Index (RSI) across multiple timeframes, all within a single glance. It is crafted for traders who incorporate multi-timeframe analysis into their trading strategy, aiming to enhance decision-making by identifying overall...
Here is my "Williams Percent Range with Trendlines and Breakouts" indicator, a simple yet powerful tool for traders. This indicator combines the classic Williams %R oscillator, which helps identify overbought and oversold levels, with added trendlines for easier trend analysis at a glance. It's designed to make spotting potential breakouts easier by drawing...
INDICATOR PURPOSE This indicator is designed to complement my original QQE MOD + SSL Hybrid + Waddah Attar Explosion strategy. Multiple users have requested that I convert the strategy to an indicator because alertconditions do not work on strategies and people want to specific set alerts for BUY, SELL, CLOSE BUY and CLOSE SELL. This can only be achieved using...
Description: The "RSI Bar" indicator is a versatile tool designed to enhance your technical analysis on trading charts. This Pine Script™ code calculates the Relative Strength Index (RSI) for open, close, high, and low prices, and represents the results as bars on the chart. The bars are color-coded based on whether the closing RSI is higher or lower than the...
█ Definition A divergence or missmatch occurs when an asset’s price is moving opposite to a specific technical indicator or is moving in a different direction from other relevant data. The divergence indicator warns traders and technical analysts of changes in a price trend, oftentimes that it is weakening or changing direction. Divergence or missmatch can be...
The values of the RSI Levels On Chart are calculated using Reverse Engineering RSI calculations by Giorgos Siligardos, Ph.D. Instead of using only the 50 line of the RSI on chart I added options for users to define the Extreme Overbought and Oversold values, also simple Oversold and Overbought values, start of Bullish and Bearish zones and the 50 rsi value....
Description: The Dual Weighted RSI (DWRSI) is a custom technical analysis tool that extends the concept of the traditional Relative Strength Index (RSI) by incorporating two different RSI calculations, each with its own timeframe and weighting factor. This unique approach allows traders to analyze market momentum through a combination of RSIs from different...
Psychological Sales Index (Psychological Sales Index) Fundamental Indicators of Market Sentiment: The Importance of MFI and RSI The two fundamental indicators that best reflect market sentiment are Money Flow Index (MFI) and Relative Strength Index (RSI). MFI is an indicator of the flow of funds in a market by combining price and volume, which is used to...
## Introduction **The Versatile RSI and Stochastic Multi-Symbol Screener** **Unlock a wealth of trading opportunities with this customizable screener, designed to pinpoint potential overbought and oversold conditions across 17 symbols, with alert support!** ## Description This screener is suitable for tracking multiple instruments continuously. With the...
A simple indicator based on RSI strength and a custom SMA trendline. RSI RSI Strength is determined by a baseline. The baseline is the 200 bar RSI The current RSI value is compared to the Baseline and determines the current trend. This Use of the RSI is unique because the strength indication point is not a static number (eg: 50) and the long term strength...
Instant RSI is tailored for users seeking an effective RSI indicator for charts with limited historical data, such as new symbols or very high time frame charts. Its distinctiveness lies in employing a Chebyshev filter, an innovative approach that allows the RSI to initiate calculations with just two data points. The Chebyshev filter, traditionally used in signal...