The idea behind this indicator is to have an expression for the amount of divergence on a given chart at every point in time . To achieve this, it adds up the magnitudes any valid divergence of any kind; bullish, bearish or their hidden variants. Where a valid divergence consists of a line on the source series (almost always the closing price), and a line on...
Strategy: Fibonacci + RSI: - Intraday trading strategy (Scalping). Time Frames Tested with best Results: 30 Minutes. 5 Minutes. 15 Minutes. 1 Minute Indicators Used: RSI (30 / 70) Fibonacci (1 - 0.784) How it Works: Once the Price Hits the 1 or -1 Fibonacci Level and bounces a little bit, It checks the RSI if Over Bought or Over...
My attempt to replicate the functionality of the 'LT Gamma' based on information available in Alessio Rastani's videos. it would be best to watch one of Alessio's videos to get the full explanation of how to use the indicator but... I'll do my best to explain here. The RSIG is a combination of the RSI and my MT Goomba strength indicator. Info on how to use RSI...
Hi traders , this is lonelygrass again 😄, and I am going to show what you don't often see out there and share it with you. This indicator is called "s&p 500 sector strength index"😎 , which allows you to distinguish strengths and weaknesses between different sectors in s&p500, and to create meaningful trading frameworks around it. Similar to the RSI indicator ,...
An update of my previous code "Stoch.RSI+RSI+DoubleStrategy+CMWilliamsVixFix+MFI". Updates: - Script converted to v4 and to study version - Removed the "Double strategy" code because it doesn't work much well - Replaced the "CM_Williams_Vix_Fix" (by ChrisMoody) code with its updated version "CM_Williams_Vix_Fix_V3" that also features custom filtered alerts...
This strategy is based on High and low RSI. If RSI is => 80 and RSI drops enter Sell position If RSI is =< 20 anr RSI goes up enter Buy position. as exit I use MA crosses MA short (30) MA Long (50)
The Internal Bar Strength Indicator is pretty basic but very intuitive. Most stocks that close near their high of the day tend to fall the next day and stocks that close near their low tend to rise the next day. This indicator has very similar buy and sell signals as the RSI. Buy when the indicator rises above its signal or if the indicator is in the red zone and...
RSI buy opportunity is an indicator to look for the best entries on weekly charts. It depends on each stock and the values should change to optimize the entry. Buy when green triangle shows up. Never buy when red signal appears.
RVSI is an alternative volume-based indicator that measures the rate of change of average OBV. How to read a chart using it? First signal to buy is when you see RVSI is close to green oversold levels. Once RVSI passes above it's orange EMA, that would be the second alert of accumulation. Be always cautious when it reaches 50 level as a random...
Hello guys, this indicator uses the RSI on three different timeframes, which can be selected in the user input settings. It aims to make your multi-timeframe analysis a bit easier and see patterns, which otherwise might not be spotted. Look for confluence within all the timeframes to increase your probabilities. Because it uses multi-timeframe data, which can...
This code is the result of an idea by @MarcoOlivano. The question was that if putting the comparative relative strength as an RSI oscillator would help in understanding the relative strength of the stock to the overall market? As we both trade the JSE I have made the JSE:J200 or Top 40 the basis for comparison. This can be changed in the settings dropdown if you...
Based on the Godmode indicators modified by LEGION, LAZYBEAR, Ni6HTH4wK, xSilas, oh92, sco77m4r7in and anise. Big thanks to them. Just an add on of the excellent script of anise. I only added the possibility to chose the exchange and asset so that the multi exchange option can be used on other assets and the MFI's overbought and oversold highlights.
Kalman filter on multiple RSI periods. Usefull on higher timeframes to confirm a change of trend.
Hello, this is my Indicator, based on my MACD+RSI+Stoch trading strategy You can use it by your own and try to apply it on any market Please, adjust any parameters and don't forget to leave a feedback and comments
I changed this RSI oscillator to give everyone ability to change position of strategic lines as RSI has a lot more to offer than only overbought and oversold boundries. You can change overbought and oversold line and make one more space depend what you are looking for. For me and as default it is 40-60 range. I put a center line at 50.
It is an RSI indicator with 3 lines (or 4 if you enable the original RSI in settings): The lime is calculated from high The fuchsia is calculated from low The orange one is calcuated form both high and low , by calculating RSI's up from high and down from low You can also select different moving averages for RSI calculation. (The...
The Double Smoothed RSI Indicator was created by William Blau (Stocks & Commodities V. 9:5 (202-205)) and is a variation of the classic RSI using his Momenta Indicator and his Momenta RSI formula. I have color coded everything to make it very easy to determine buy and sell signals. Let me know if you would like to see me write scripts for other indicators!
The Momenta RSI Indicator was created by William Blau (Stocks & Commodities V. 9:5 (202-205)) and is a variation of the classic RSI using his Momenta Indicator formula. I have color coded everything to make it very easy to determine buy and sell signals. Let me know if you would like to see me write scripts for other indicators!