OPEN-SOURCE SCRIPT
Atualizado Volume-Weighted RSI & Multi-Normalized MACD
### Description for Publishing: Volume-Weighted RSI & Multi-Normalized MACD
**Overview**
The "Volume-Weighted RSI & Multi-Normalized MACD" indicator is a powerful and versatile tool designed for traders seeking enhanced momentum and trend analysis. Combining a volume-weighted Relative Strength Index (VW-RSI) with a customizable Moving Average Convergence Divergence (MACD) featuring multiple normalization methods, this indicator provides deep insights into market dynamics. It supports multi-timeframe (MTF) analysis and includes an optional stepped plotting mode for discrete signal visualization, making it ideal for both trend-following and mean-reversion strategies across various markets (stocks, forex, crypto, etc.).
**Key Features**
1. **Volume-Weighted RSI (VW-RSI)**:
- A modified RSI that incorporates trading volume for greater sensitivity to market activity.
- Normalized to a user-defined range (default: -50 to +50) for consistent analysis.
- Optional smoothing with multiple moving average types (SMA, EMA, WMA, VWMA, SMMA, or SMA with Bollinger Bands) to reduce noise and highlight trends.
- Overbought (+20) and oversold (-20) levels for quick reference.
2. **Multi-Normalized MACD**:
- Offers six normalization methods for MACD, allowing traders to tailor the output to their strategy:
- Normalized Volume Weighted MACD (unbounded).
- Min-Max Normalization (bounded).
- Volatility Normalization (unbounded, volatility-adjusted).
- Volatility Normalization with Min-Max (bounded).
- Hyperbolic Tangent Normalization (bounded).
- Arctangent Normalization (bounded).
- Min-Max with Smoothing (bounded).
- All bounded methods scale to the user-defined range (default: -50 to +50), ensuring comparability with VW-RSI.
- Dynamic color changes for MACD line (lime/red) and histogram (aqua/blue/red/maroon) based on momentum and signal line crosses.
3. **Stepped Plotting Mode**:
- Optional mode to plot RSI and MACD as discrete, stepped lines, reducing noise by only updating when values change significantly (configurable thresholds).
- Ideal for traders focusing on clear, actionable signal changes.
4. **Multi-Timeframe Support**:
- Configurable timeframe input (default: chart timeframe) for analyzing RSI and MACD on higher or lower timeframes, enhancing cross-timeframe strategies.
5. **Customizable Display**:
- Toggle options to show/hide MACD line, signal line, histogram, and cross dots.
- Bollinger Bands for RSI smoothing (optional) with adjustable standard deviation multiplier.
- Clear visual cues with horizontal lines for overbought/oversold levels, midline, and MACD bounds.
**Usage Instructions**
1. **Add to Chart**: Apply the indicator to any symbol (e.g., BTCUSD, SPY) on any timeframe (1H, 1D, etc.).
2. **Configure Settings**:
- **General**: Adjust `Lower Bound` (-50 default) and `Upper Bound` (+50 default) for the output range. Set `Timeframe` for MTF analysis. Enable `Stepped?` for discrete plotting.
- **RSI**: Choose `Price Source` (default: ohlc4), `RSI Length` (default: 9), and smoothing options (e.g., EMA, Bollinger Bands). Adjust `RSI Diff Threshold` for stepped mode.
- **MACD**: Select `Price Source`, `Fast Length` (9), `Slow Length` (21), `Signal Length` (9), and a normalization method (default: Volatility Min-Max). Adjust `MACD Diff Threshold` for stepped mode.
- **Display Options**: Toggle MACD components and histogram colors for clarity.
3. **Interpretation**:
- **VW-RSI**: Watch for crosses above +20 (overbought) or below -20 (oversold) for potential reversals. Use smoothed RSI or Bollinger Bands for trend confirmation.
- **MACD**: Look for MACD/Signal line crosses (dots indicate crossings) and histogram changes for momentum shifts. Bounded normalizations align with RSI for unified analysis.
- **Stepped Mode**: Focus on significant changes in RSI/MACD for clearer signals.
4. **Companion Overlay**: For visualization on the main price chart, use the companion script "VW-RSI & MACD Price Overlay" (available separately, requires this script to be published). It plots RSI and MACD as price-scaled echo lines, with toggles to show/hide and customizable scaling (high/low or ATR).
**Who Is This For?**
- **Trend Traders**: Use MACD normalizations and MTF to identify momentum shifts across timeframes.
- **Mean-Reversion Traders**: Leverage VW-RSI’s overbought/oversold signals for entry/exit points.
- **Technical Analysts**: Customize normalization and smoothing to match specific market conditions.
- **All Markets**: Works on stocks, forex, cryptocurrencies, and more, with any timeframe.
**Notes**
- Unbounded MACD normalizations (`enable_nvw`, `enable_vol`) may produce values outside -50/+50, suitable for volatility-focused strategies.
- For price chart overlay, publish this script and use its ID in the companion script’s `request.security` call.
- Adjust scaling inputs in the companion script for optimal visualization on volatile or stable assets.
**Author’s Note**
Developed by NEPOLIX, this indicator combines volume-weighted precision with flexible normalization for robust technical analysis. Feedback and suggestions are welcome to enhance future versions!
**Overview**
The "Volume-Weighted RSI & Multi-Normalized MACD" indicator is a powerful and versatile tool designed for traders seeking enhanced momentum and trend analysis. Combining a volume-weighted Relative Strength Index (VW-RSI) with a customizable Moving Average Convergence Divergence (MACD) featuring multiple normalization methods, this indicator provides deep insights into market dynamics. It supports multi-timeframe (MTF) analysis and includes an optional stepped plotting mode for discrete signal visualization, making it ideal for both trend-following and mean-reversion strategies across various markets (stocks, forex, crypto, etc.).
**Key Features**
1. **Volume-Weighted RSI (VW-RSI)**:
- A modified RSI that incorporates trading volume for greater sensitivity to market activity.
- Normalized to a user-defined range (default: -50 to +50) for consistent analysis.
- Optional smoothing with multiple moving average types (SMA, EMA, WMA, VWMA, SMMA, or SMA with Bollinger Bands) to reduce noise and highlight trends.
- Overbought (+20) and oversold (-20) levels for quick reference.
2. **Multi-Normalized MACD**:
- Offers six normalization methods for MACD, allowing traders to tailor the output to their strategy:
- Normalized Volume Weighted MACD (unbounded).
- Min-Max Normalization (bounded).
- Volatility Normalization (unbounded, volatility-adjusted).
- Volatility Normalization with Min-Max (bounded).
- Hyperbolic Tangent Normalization (bounded).
- Arctangent Normalization (bounded).
- Min-Max with Smoothing (bounded).
- All bounded methods scale to the user-defined range (default: -50 to +50), ensuring comparability with VW-RSI.
- Dynamic color changes for MACD line (lime/red) and histogram (aqua/blue/red/maroon) based on momentum and signal line crosses.
3. **Stepped Plotting Mode**:
- Optional mode to plot RSI and MACD as discrete, stepped lines, reducing noise by only updating when values change significantly (configurable thresholds).
- Ideal for traders focusing on clear, actionable signal changes.
4. **Multi-Timeframe Support**:
- Configurable timeframe input (default: chart timeframe) for analyzing RSI and MACD on higher or lower timeframes, enhancing cross-timeframe strategies.
5. **Customizable Display**:
- Toggle options to show/hide MACD line, signal line, histogram, and cross dots.
- Bollinger Bands for RSI smoothing (optional) with adjustable standard deviation multiplier.
- Clear visual cues with horizontal lines for overbought/oversold levels, midline, and MACD bounds.
**Usage Instructions**
1. **Add to Chart**: Apply the indicator to any symbol (e.g., BTCUSD, SPY) on any timeframe (1H, 1D, etc.).
2. **Configure Settings**:
- **General**: Adjust `Lower Bound` (-50 default) and `Upper Bound` (+50 default) for the output range. Set `Timeframe` for MTF analysis. Enable `Stepped?` for discrete plotting.
- **RSI**: Choose `Price Source` (default: ohlc4), `RSI Length` (default: 9), and smoothing options (e.g., EMA, Bollinger Bands). Adjust `RSI Diff Threshold` for stepped mode.
- **MACD**: Select `Price Source`, `Fast Length` (9), `Slow Length` (21), `Signal Length` (9), and a normalization method (default: Volatility Min-Max). Adjust `MACD Diff Threshold` for stepped mode.
- **Display Options**: Toggle MACD components and histogram colors for clarity.
3. **Interpretation**:
- **VW-RSI**: Watch for crosses above +20 (overbought) or below -20 (oversold) for potential reversals. Use smoothed RSI or Bollinger Bands for trend confirmation.
- **MACD**: Look for MACD/Signal line crosses (dots indicate crossings) and histogram changes for momentum shifts. Bounded normalizations align with RSI for unified analysis.
- **Stepped Mode**: Focus on significant changes in RSI/MACD for clearer signals.
4. **Companion Overlay**: For visualization on the main price chart, use the companion script "VW-RSI & MACD Price Overlay" (available separately, requires this script to be published). It plots RSI and MACD as price-scaled echo lines, with toggles to show/hide and customizable scaling (high/low or ATR).
**Who Is This For?**
- **Trend Traders**: Use MACD normalizations and MTF to identify momentum shifts across timeframes.
- **Mean-Reversion Traders**: Leverage VW-RSI’s overbought/oversold signals for entry/exit points.
- **Technical Analysts**: Customize normalization and smoothing to match specific market conditions.
- **All Markets**: Works on stocks, forex, cryptocurrencies, and more, with any timeframe.
**Notes**
- Unbounded MACD normalizations (`enable_nvw`, `enable_vol`) may produce values outside -50/+50, suitable for volatility-focused strategies.
- For price chart overlay, publish this script and use its ID in the companion script’s `request.security` call.
- Adjust scaling inputs in the companion script for optimal visualization on volatile or stable assets.
**Author’s Note**
Developed by NEPOLIX, this indicator combines volume-weighted precision with flexible normalization for robust technical analysis. Feedback and suggestions are welcome to enhance future versions!
Notas de Lançamento
### Description for Publishing: Volume-Weighted RSI & Multi-Normalized MACD**Overview**
The "Volume-Weighted RSI & Multi-Normalized MACD" indicator is a powerful and versatile tool designed for traders seeking enhanced momentum and trend analysis. Combining a volume-weighted Relative Strength Index (VW-RSI) with a customizable Moving Average Convergence Divergence (MACD) featuring multiple normalization methods, this indicator provides deep insights into market dynamics. It supports multi-timeframe (MTF) analysis and includes an optional stepped plotting mode for discrete signal visualization, making it ideal for both trend-following and mean-reversion strategies across various markets (stocks, forex, crypto, etc.).
**Key Features**
1. **Volume-Weighted RSI (VW-RSI)**:
- A modified RSI that incorporates trading volume for greater sensitivity to market activity.
- Normalized to a user-defined range (default: -50 to +50) for consistent analysis.
- Optional smoothing with multiple moving average types (SMA, EMA, WMA, VWMA, SMMA, or SMA with Bollinger Bands) to reduce noise and highlight trends.
- Overbought (+20) and oversold (-20) levels for quick reference.
2. **Multi-Normalized MACD**:
- Offers six normalization methods for MACD, allowing traders to tailor the output to their strategy:
- Normalized Volume Weighted MACD (unbounded).
- Min-Max Normalization (bounded).
- Volatility Normalization (unbounded, volatility-adjusted).
- Volatility Normalization with Min-Max (bounded).
- Hyperbolic Tangent Normalization (bounded).
- Arctangent Normalization (bounded).
- Min-Max with Smoothing (bounded).
- All bounded methods scale to the user-defined range (default: -50 to +50), ensuring comparability with VW-RSI.
- Dynamic color changes for MACD line (lime/red) and histogram (aqua/blue/red/maroon) based on momentum and signal line crosses.
3. **Stepped Plotting Mode**:
- Optional mode to plot RSI and MACD as discrete, stepped lines, reducing noise by only updating when values change significantly (configurable thresholds).
- Ideal for traders focusing on clear, actionable signal changes.
4. **Multi-Timeframe Support**:
- Configurable timeframe input (default: chart timeframe) for analyzing RSI and MACD on higher or lower timeframes, enhancing cross-timeframe strategies.
5. **Customizable Display**:
- Toggle options to show/hide MACD line, signal line, histogram, and cross dots.
- Bollinger Bands for RSI smoothing (optional) with adjustable standard deviation multiplier.
- Clear visual cues with horizontal lines for overbought/oversold levels, midline, and MACD bounds.
**Usage Instructions**
1. **Add to Chart**: Apply the indicator to any symbol (e.g., BTCUSD, SPY) on any timeframe (1H, 1D, etc.).
2. **Configure Settings**:
- **General**: Adjust `Lower Bound` (-50 default) and `Upper Bound` (+50 default) for the output range. Set `Timeframe` for MTF analysis. Enable `Stepped?` for discrete plotting.
- **RSI**: Choose `Price Source` (default: ohlc4), `RSI Length` (default: 9), and smoothing options (e.g., EMA, Bollinger Bands). Adjust `RSI Diff Threshold` for stepped mode.
- **MACD**: Select `Price Source`, `Fast Length` (9), `Slow Length` (21), `Signal Length` (9), and a normalization method (default: Volatility Min-Max). Adjust `MACD Diff Threshold` for stepped mode.
- **Display Options**: Toggle MACD components and histogram colors for clarity.
3. **Interpretation**:
- **VW-RSI**: Watch for crosses above +20 (overbought) or below -20 (oversold) for potential reversals. Use smoothed RSI or Bollinger Bands for trend confirmation.
- **MACD**: Look for MACD/Signal line crosses (dots indicate crossings) and histogram changes for momentum shifts. Bounded normalizations align with RSI for unified analysis.
- **Stepped Mode**: Focus on significant changes in RSI/MACD for clearer signals.
4. **Companion Overlay**: For visualization on the main price chart, use the companion script "VW-RSI & MACD Price Overlay" (available separately, requires this script to be published). It plots RSI and MACD as price-scaled echo lines, with toggles to show/hide and customizable scaling (high/low or ATR).
**Who Is This For?**
- **Trend Traders**: Use MACD normalizations and MTF to identify momentum shifts across timeframes.
- **Mean-Reversion Traders**: Leverage VW-RSI’s overbought/oversold signals for entry/exit points.
- **Technical Analysts**: Customize normalization and smoothing to match specific market conditions.
- **All Markets**: Works on stocks, forex, cryptocurrencies, and more, with any timeframe.
**Notes**
- Unbounded MACD normalizations (`enable_nvw`, `enable_vol`) may produce values outside -50/+50, suitable for volatility-focused strategies.
- For price chart overlay, publish this script and use its ID in the companion script’s `request.security` call.
- Adjust scaling inputs in the companion script for optimal visualization on volatile or stable assets.
**Author’s Note**
Developed by NEPOLIX, this indicator combines volume-weighted precision with flexible normalization for robust technical analysis. Feedback and suggestions are welcome to enhance future versions!
Notas de Lançamento
NANotas de Lançamento
Title: Volume-Weighted RSI & Multi-Normalized MACDDescription:
The "Volume-Weighted RSI & Multi-Normalized MACD" is a sophisticated, multi-timeframe (MTF) technical indicator designed for traders seeking enhanced momentum and trend analysis. This Pine Script v6 indicator combines a Volume-Weighted Relative Strength Index (VW-RSI) with a versatile, volume-weighted MACD featuring multiple normalization options, providing a robust tool for identifying market momentum, reversals, and trend strength across various timeframes.
### Key Features:
1. **Volume-Weighted RSI (VW-RSI)**:
- Incorporates trading volume into the traditional RSI calculation for a more market-sensitive momentum indicator.
- Normalized to a user-defined range (default: -50 to +50) for consistent analysis across assets.
- Customizable smoothing with options for SMA, EMA, SMMA (RMA), WMA, VWMA, or SMA with Bollinger Bands.
- Configurable overbought (+20) and oversold (-20) levels for clear signal identification.
- Optional derivative of VW-RSI and its smoothed MA, displayed as histograms for rate-of-change analysis.
2. **Multi-Normalized Volume-Weighted MACD**:
- Offers six normalization methods: Normalized Volume-Weighted (unbounded), Min-Max, Volatility, Hyperbolic Tangent, Arctangent, and Min-Max with Smoothing.
- Volatility Normalization (Min-Max) is enabled by default for bounded output within the user-defined range.
- Visualizes MACD line, signal line, and histogram with dynamic color changes based on trend direction.
- Optional derivative histograms for MACD and signal line, highlighting acceleration in momentum shifts.
3. **Multi-Timeframe Support**:
- Fully customizable timeframe input, defaulting to the chart's timeframe, allowing analysis across different resolutions.
- Ensures smooth data integration with `request.security` for accurate MTF calculations.
4. **Stepped Mode**:
- Optional stepped visualization for VW-RSI, RSI MA, MACD, and signal line, discretizing values into user-defined sections (default width: 10).
- Includes a zero-range filter (default: 0.1) to suppress noise around the midline, enhancing signal clarity.
5. **Derivative Enhancements**:
- Displays derivatives as histograms for VW-RSI, RSI MA, MACD, and signal line, with independent scaling factors (`rsi_deriv_scale` and `macd_deriv_scale`, default: 3.0).
- Separate derivative filters (`rsi_deriv_filter` and `macd_deriv_filter`, default: 10.0) to suppress insignificant changes, reducing noise and focusing on meaningful movements.
- Derivatives are capped at the indicator’s bounds to maintain chart readability.
6. **Customizable Display**:
- Extensive display options, including toggles for MACD line, signal line, histogram, and crossover dots.
- Dynamic color changes for MACD and histogram based on trend direction and momentum (e.g., aqua for rising positive histogram, red for falling negative histogram).
- Transparent derivative histograms (50% opacity) for clear differentiation from primary indicators.
### Inputs and Customization:
- **General**:
- Timeframe: Select any timeframe or use the chart’s default.
- Section Width (Stepped Mode): Choose from 2, 5, 10, or 20.
- Zero Range: Adjustable range (0.01–0.5) for stepped mode zero suppression.
- Enable Stepped: Toggle stepped visualization on/off.
- **RSI Settings**:
- Price Source: Default OHLC4, customizable.
- RSI Length: Default 9.
- MA Type: None, SMA, SMA + Bollinger Bands, EMA, SMMA, WMA, VWMA (default: EMA).
- MA Length: Default 14.
- Bollinger Bands StdDev: Default 2.0.
- RSI Diff Threshold: Default 2.0 for stepped mode.
- Show RSI/MA Derivatives: Toggle on/off.
- **MACD Settings**:
- Price Source: Default OHLC4.
- Fast/Slow/Signal Lengths: Defaults 9/21/9.
- Normalization Options: Toggle between multiple methods.
- Lookback Periods: Min-Max (512), ATR (26), Sigma (100), Smoothing (20/5).
- MACD/Signal Diff Thresholds: Default 2.0 for stepped mode.
- Show MACD/Signal Derivatives: Toggle on/off.
- **Derivatives**:
- RSI Derivative Scale: Default 3.0, range 1–10.
- MACD Derivative Scale: Default 3.0, range 1–10.
- RSI Derivatives Filter: Default 10.0, range 5–20.
- MACD Derivatives Filter: Default 10.0, range 5–20.
- **Display Options**:
- Toggle MACD line, signal line, histogram, and crossover dots.
- Enable/disable dynamic color changes for MACD and histogram.
### Use Cases:
- **Momentum Trading**: Use VW-RSI to identify overbought/oversold conditions, with derivatives highlighting acceleration in momentum shifts.
- **Trend Following**: Leverage the normalized MACD for trend confirmation, with crossover dots signaling entry/exit points.
- **Multi-Timeframe Analysis**: Analyze higher timeframes for context while trading on lower ones, ensuring alignment with broader trends.
- **Noise Reduction**: Stepped mode and derivative filters reduce noise, focusing on significant market movements.
### Notes:
- The indicator is non-overlay and plots in a separate pane for clear visualization.
- Derivatives are not plotted in stepped mode to maintain clarity.
- The script supports export variables (`export_rsi`, `export_rsi_ma`, `export_macd`, `export_macd_signal`) for integration with companion scripts or strategies.
- Optimized for performance with `max_lines_count=500` and `max_labels_count=500`.
### Ideal For:
- Day traders, swing traders, and long-term investors seeking a versatile momentum and trend indicator.
- Traders requiring customizable, volume-weighted tools for cross-asset and multi-timeframe analysis.
- Those interested in advanced features like derivative analysis and stepped visualization for enhanced signal clarity.
This indicator is a powerful addition to any trader’s toolkit, offering flexibility, precision, and a deep understanding of market dynamics. Customize it to your trading style and timeframe for optimal results.
Script de código aberto
No verdadeiro espirito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam entendê-lo e verificá-lo. Parabéns ao autor Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações e regida pelas Regras da Casa.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Script de código aberto
No verdadeiro espirito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam entendê-lo e verificá-lo. Parabéns ao autor Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações e regida pelas Regras da Casa.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.