With great gratitude to Tradingview and Pinecoders I give you a simple highest/lowest indicator, inspired by the recent added function: ‘color.rgb (red, green, blue, transp)’ The colour is derived from rsi values The main goal was to show the use of: - array.new_color() - color.rgb() - color.from_gradient() Cheers!
Stochastic RVI filtered with LSMA to highlight trend and market lows.
Based on the Stochastic RSI but uses RVI (Relative Volatility Index) as source. Another great tool for finding market lows and entry points. This oscillator is also good for finding accurate diversions.
Script shows the regular and hidden divergences on the Relative Strength Index. Optional inputs to show hidden divergences. Main barcolor trend and plot line are made by the RSI being above or below it's 50 line. Candles are red or green depending on directional bias of the RSI crossing the 50 line. Ive also made this multi time frame, so users are able to...
RSI Trend Formation uses RSI (9) along with 3 EMA and 21 WMA . 3 EMA and 21 WMA graphs have been plotted on RSI (9). RSI value above 50 will be considered as 'BUY' zone and RSI value below 50 will be considered as 'SELL' zone. When 21 WMA ( Volume Strength) and 3 EMA (Price Strength) crosses RSI from above (that means both of these will go below RSI ), it is a...
Hello again. Here I have an improved version of the RSI that is similar to my "+ %B" indicator (that, an improved version of the %B). This version of the RSI includes candle coloring for bullish or bearish bias (is the RSI above or below its median line?), as well as candle coloring for overbought and oversold areas. Additionally, there is an option for coloring...
Algo Score MTF The Algo Score MTF is a meta-analytic oscillator telling you about the technical market strength . It is analyzing a variety of different indicators and metrics to come up with a score that gives you an impression on whether the medium timeframes have fuel to go higher or if it's running out and the risk increases to see corrective price...
This indicator attempts to assert the strength of a swing in the RSI. Mind you, not the price, just the RSI. A spike in ROSI 1.b indicates that the RSI has switched direction and should continue trending up/down. The RSI, not the Price.
This is a fork of the previous PACD indicator i made by working out the RSI another two times. it works the exact same but is more leading in trend reversals and divergences. this indicator plots 4x the RSI of the RSI of the price using the derivatives of RSI. Data is plotted just like the MACD. points 5 and -5 are very strong support/resistance points and should...
Bjorgum Reversal Bj Reversal uses Tilson moving averages to identify trend changes Bars change to yellow as bar close crosses the Tilson moving averages. Blue or red is confirmed as the two Tilson averages themselves cross. Reversal is great for pinpointing trend change often giving the absolute best entry or exit Its sensitive nature can mean more false...
What Are Fibonacci Retracement Levels? Fibonacci retracement levels are horizontal lines that indicate where support and resistance are likely to occur. They are based on Fibonacci numbers. Each level is associated with a percentage. The percentage is how much of a prior move the price has retraced. The Fibonacci retracement levels are 23.6%, 38.2%, 61.8%, and...
Mean Reversion indicator based on RSI Divergences at Overbought/Oversold conditions with Price above/below a Standard Deviation from Daily VWAP. Useful for intra-day trading. Signal criteria: 1. RSI is at Overbought/Oversold 2. RSI Divergence present (not hidden) 3. RSI has not reached Neutral level (i.e. 50) 4. Price has crossed above/below a Standard Deviation...
This is a better, cleaner version (in my opinion) of an part of an indicator I was using that was coded up by cI8DH. I reached out to him about cleaning up the code (things weren't working) for Pinescript v4, but he no longer seems to be active, so I thought I might take it upon myself to at least work out this portion of the indicator. Much credit goes to him....
This is a script that uses a couple of other indicators to find good swing trade entry's and exit's. You can choose which signals the script uses to calculate the position of the signals. It uses the following: - Stoch RSI - MACD - POC - INDIGO Cloud Also added are volume candles, acceleration of momentum indicators (triangle) and MACD candles. This way you can...
This is a Multi resolution or multi Time frame RSI. This indicator is made to see 3 different time frames RSI in a single Band. User can input all 3 timeframes on input section. The Highest time RSI is denoted in BLACK color. The Medium time RSI is denoted in BLUE color. The Smaller time RSI is denoted in GREEN color. The overbought and oversold region is 70 and...
This Script displays Regular or Log Returns as either a line or histogram and labels the current bar. If something other than price is selected as the source, the result is percent change with a positive or negative slope. If a moving average of price is used as the source, the result is analogous to a strength index Other options include a look-back period...
Displays Stochastic RSI from 6 different timeframes. Default timeframe settings: 5min, 15min, 30min, 1hr, 4hr, 1day.
Publishing this script on special request. script siulates the strategy given by very polite and veteran trader from Patna ( NK Stock Talk ) . according to him, one can predict the market movement in any timeframe by applying some correlations of volume and price on top of strength. He recommends to apply weighted moving avergage ( to predict volume factor ) on...