OPEN-SOURCE SCRIPT
Atualizado Dual RSI Smoother
Ultimator's Dual RSI Smoother
Description:
The Dual RSI Smoother is a momentum-based indicator that applies two smoothed and amplified RSI calculations to analyze potential trend reversals and overbought/oversold conditions. By utilizing two separate RSI lengths and smoothing parameters, this tool provides a refined view of price momentum and potential trading signals.
Features:
Dual RSI Calculation – Computes two RSI values with separate user-defined lengths.
Smoothing & Amplification – Applies SMA-based smoothing and an amplification factor to enhance signal clarity.
Dynamic Line Colors – Adjusts colors based on RSI interactions to visually highlight important conditions.
Buy & Sell Signals – Displays buy dots when oversold conditions are detected and sell dots in overbought zones.
How to Use:
Buy Signals: Green dots appear when RSI conditions indicate an oversold market, suggesting a potential buying opportunity.
Sell Signals: Red dots appear when RSI conditions indicate an overbought market, suggesting a potential selling opportunity.
Trend Confirmation: The indicator’s smoothed RSI lines can help identify sustained trends when they diverge or cross.
User Inputs:
RSI Length 1 & 2: Adjusts the calculation periods for the two RSI values.
Line Colors: Customizable colors for fast and slow RSI lines.
Highlight Colors: Custom color for buy signal highlights.
Buy & Sell Dot Colors: Customizable colors for buy and sell signal markers.
Best Use Cases:
Identifying early reversals in overbought/oversold market conditions.
Confirming trend strength through smoothed RSI interactions.
Enhancing trade entries by aligning buy/sell signals with other momentum indicators.
Description:
The Dual RSI Smoother is a momentum-based indicator that applies two smoothed and amplified RSI calculations to analyze potential trend reversals and overbought/oversold conditions. By utilizing two separate RSI lengths and smoothing parameters, this tool provides a refined view of price momentum and potential trading signals.
Features:
Dual RSI Calculation – Computes two RSI values with separate user-defined lengths.
Smoothing & Amplification – Applies SMA-based smoothing and an amplification factor to enhance signal clarity.
Dynamic Line Colors – Adjusts colors based on RSI interactions to visually highlight important conditions.
Buy & Sell Signals – Displays buy dots when oversold conditions are detected and sell dots in overbought zones.
How to Use:
Buy Signals: Green dots appear when RSI conditions indicate an oversold market, suggesting a potential buying opportunity.
Sell Signals: Red dots appear when RSI conditions indicate an overbought market, suggesting a potential selling opportunity.
Trend Confirmation: The indicator’s smoothed RSI lines can help identify sustained trends when they diverge or cross.
User Inputs:
RSI Length 1 & 2: Adjusts the calculation periods for the two RSI values.
Line Colors: Customizable colors for fast and slow RSI lines.
Highlight Colors: Custom color for buy signal highlights.
Buy & Sell Dot Colors: Customizable colors for buy and sell signal markers.
Best Use Cases:
Identifying early reversals in overbought/oversold market conditions.
Confirming trend strength through smoothed RSI interactions.
Enhancing trade entries by aligning buy/sell signals with other momentum indicators.
Notas de Lançamento
Due to popular demand (literally 1 person requested it),I added alerts for green and red dots.
"Green Dot Alert" - When green dot trigger conditions are met
"Red Dot Alert" - When red dot trigger conditions are met
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.