This is a modification of the script by Elgrand (). Using plotshape statement appears to produce a more precise outcome.
Visualize on your chart when price in an oversold or overbought zone. A combination of Rsi and Stochasticrsi is used for higher probability. Wait for an zone to be displayed and then wait for price to exit a zone. Once this happens check candlestick patterns and support/resistance "lines" to find appropiate stoplosses for you entry or exit
Script to visualize the overbought and oversold condition on multiple timeframes. Good way to determine when you have a lower risk for enter a trade or to determine when you need to be on the lookout to sell.
Combined plot of RSI and StochRSI
This is an update that resolves rendering problems with XBTUSD.
RSI MTF Options: -MA -RSI from another timeframe -Uptrend/Downtrend zone -barcolor based on RSI trend
This is my first published script. I hope you find it as useful as I have. This is a modified version of olegnator's RSI script. Enjoy!
Standard RSI with a color changing 9 period SMA and 45 period EMA
Combination of two strategy. MA Cross strategy is using 2 sma at 9 & 21. It can be configured through the source code. RSI strategy to decide whether the stock/crypto is currently overbought/oversold. Useful for quick entry and exit trade.
v2 changes the way the histogram is plotted. Histogram shows the strength and can be used to identify trending or ranging periods.
Best for higher time frames - 30m, 1H, 2H, 3H, 4H, D this strategy uses several factors that are pushed through an Inverse Fisher Transform (IFT). The higher the TF, the better the performance, up to 98%, but the number of deals tends to drop). Middle time frames (5m, 15m) look viable with Scaled Price (Scaled %P) and MFI factors. The factor list can be extended...
Original ASH code from alexgrover Some changes: - Change the price to SMA with Period of 1 with reference to the original MT4 code - Added a few more MAs