OPEN-SOURCE SCRIPT

Thamer's ALL IN ONE RSI

Atualizado

This is a special relative strength index indicator that includes the following:

- Bollinger Bands on the RSI
- EMA on the RSI
- SMA on the RSI

You can use the Bollinger bands on the RSI to identify extreme volatility and momentum areas based on the RSI
You can also use RSI break out of the EMA or SMA as a confluence of strong momentum.

Notas de Lançamento

UPDATES:

- Look at the chart for more info on how to use the indicator for a momentum confluence and confirmation
- Base line of the Bollinger band is now based on EMA instead of SMA

Notas de Lançamento

ALL IN ONE RSI is an indicator that i created to be used in trading the ABC patterns. i was inspired in creating this indicator by the famous TDI indicator. although at first you may think they are the same but when you open both of them you can easily spot the differences.

This special relative strength index indicator includes the following:

- Bollinger Bands on the RSI
- Momentum Moving Average
- RSI Divergence Auto detector

You can use the Bollinger bands on the RSI to identify extreme volatility and momentum areas based on the RSI
You can also use RSI break out of the Momentum moving average as a confluence of strong momentum.

The New update released on 01.01.2022 includes:
- Divergence Auto detection.

Notas de Lançamento

In this update:
- Entries of possible Longs and Shorts are now plotted in the indicator to be easily seen
- Mid line is back after i removed it by mistake in the previous update
- Divergences labels are made simpler now by default so your indicator is not congested with so many things to look at

Note: the possible longs and shorts entries do repaint, so they are confirmed by candle close of the timeframe you are on. keep that in mind

Stay Tuned for the next update for more things to include

Notas de Lançamento

Chart edited

Notas de Lançamento

in this Update:
- you now have the alerts of the Long or Short entries working perfectly.

Note: i would suggest when setting up the alert to set per bar close for confirmation and preventing repainting signals

Script de código aberto

No verdadeiro espírito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam compreendê-lo e analisá-lo. Parabéns ao autor! Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações é regida pelas Regras da Casa. Você pode favoritá-lo para usá-lo em um gráfico.

Quer usar esse script no gráfico?

thamermadani

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