Volatility RSI Breakout + Volume Filter [v6]This indicator is designed for my dca bot as entry signal. It combines four key conditions to generate high-probability buy/sell signals:
RSI Momentum Filter – Detects early strength or weakness before extreme overbought/oversold levels.
Bollinger Band Breakout – Confirms price expansion beyond recent volatility ranges.
Volume Spike Filter – Ensures breakout moves are supported by increased trader activity.
ATR Volatility Threshold – Trades are only allowed in sufficiently volatile environments.
The indicator plots:
Buy/Sell labels directly on the chart when all conditions are met.
Bandas e Canais
Ultimate Regression Channel v5.0 [WhiteStone_Ibrahim]Ultimate Regression Channel v5.0: Comprehensive User Guide
This indicator is designed to visualize the current trend, potential support/resistance levels, and market volatility through a statistical analysis of price action. At its core, it plots a regression line (a trend line) based on prices over a specific period and adds channels based on standard deviation around this line.
1. Core Features and Settings
Length Mode:
Numerical (Manual): You define the number of bars to be used for the regression channel calculation. You can use lower values (e.g., 50-100) for short-term analysis and higher values (e.g., 200-300) to identify long-term trends.
Automatic (Based on Market Structure): This mode automatically draws the channel starting from the highest high or lowest low that has formed within the Auto Scan Period. This allows the indicator to adapt itself to significant market turning points (swing points), which is highly useful.
Regression Model:
Linear: Calculates the trend as a straight line. It generally works well in stable, short-to-medium-term trends.
Logarithmic: Calculates the trend as a curved line. It more accurately reflects price action, especially on long-term charts or for assets that experience exponential growth/decline (like cryptocurrencies or growth stocks).
Channel Widths:
These settings determine how far from the central trend line (in terms of standard deviations) the channels will be drawn.
The 0 (Inner), 1 (Middle), and 2 (Outer) channels represent the "normal" range of price movement and the "extreme" zones. Statistically, about 95% of all price action occurs within the outer channels (2nd standard deviation).
2. Visual Extras and Their Interpretation
Breakout Style:
This feature alerts you when the price closes above the uppermost channel (Channel 2) with a green arrow/background or below the lowermost channel with a red arrow/background.
This is a very important signal. A breakout can signify that the current trend is strengthening and likely to continue (a breakout/trend-following strategy) or that the market has become overextended and may be due for a reversal (an exhaustion/top-bottom signal). It is critical to confirm this signal with other indicators (e.g., RSI, Volume).
Info Label:
This provides an at-a-glance summary of the channel on the right side of the chart:
Trend Status: Identifies the trend as "Uptrend," "Downtrend," or "Sideways" based on the slope of the centerline. The Horizontal Threshold setting allows you to filter out noise by treating very small slopes as "Sideways."
Regression Model and Length: Shows your current settings.
Trend Slope: A numerical value representing how steep or weak the trend is.
Channel Width: Shows the price difference between the outermost channels. This is a measure of current volatility. A widening channel indicates increasing volatility, while a narrowing one indicates decreasing volatility.
3. What Users Should Pay Attention To & Best Practices
Define Your Strategy: Mean Reversion or Breakout?
Mean Reversion: If the market is in a ranging or gently trending phase, the price will tend to revert to the centerline after hitting the outer channels (overbought/oversold zones). In this case, the outer channels can be considered opportunities to sell (upper channel) or buy (lower channel).
Breakout: If a strong trend is in place, a price close beyond an outer channel can be a sign that the trend is accelerating. In this scenario, one might consider taking a position in the direction of the breakout. Correctly analyzing the current market state (ranging vs. trending) is key to deciding which strategy to employ.
Don't Use It in Isolation: No indicator is a holy grail. Use the Regression Channel in conjunction with other tools. Confirm signals with RSI divergences for overbought/oversold conditions, Moving Averages for the overall trend direction, or Volume indicators to confirm the strength of a breakout.
Choose the Right Model: On shorter-term charts (e.g., 1-hour, 4-hour), the Linear model is often sufficient. However, on long-term charts like the daily, weekly, or monthly, the Logarithmic model will provide much more accurate results, especially for assets with parabolic movements.
The Power of Automatic Mode: The Automatic length mode is often the most practical choice because it finds the most logical starting point for you. It saves you the trouble of adjusting settings, especially when analyzing different assets or timeframes.
Use the Alerts: If you don't want to miss the moment the price touches a key channel line, set up an alert from the Alert Settings section for your desired line (e.g., only the "Outer Channels"). This helps you catch opportunities even when you are not in front of the screen.
EMA, VWAP"Streamline your technical analysis with this 'all-in-one' TradingView indicator. It efficiently displays three Exponential Moving Averages (EMAs) alongside the Volume Weighted Average Price (VWAP) on a single plot, offering a simple yet effective way to gauge market direction and true value."
Speedy)Use for scalping, entry when price is upper or lower in the band and rsi>80 or rsi <20 in order to filter false entry
Dynamic RSI with Volatility-Based Levels)Dynamic RSI with Volatility-Based Levels is a smarter version of the classic RSI. Instead of using fixed overbought (70) and oversold (30) levels, this indicator adjusts the thresholds based on market volatility, using ATR as the reference.
📊 How it works:
The more volatile the market, the wider the RSI bands become.
In calm markets, the thresholds tighten to capture more sensitive reversals.
This helps reduce false signals during strong trends or erratic price moves.
✅ Features:
RSI with adjustable period
Volatility measured using ATR (% of price)
Dynamic overbought and oversold zones
Optional background highlights for extreme zones
🔍 Use cases:
Identify more reliable reversal zones in volatile markets
Avoid overreacting to RSI overbought/oversold in high-volatility phases
Use dynamic thresholds to refine entries and exits in momentum strategies
SUPERTREND TUGAThe strategy by Pedro Oliveira (Tuga Crypto) consists of going long on an asset in a clear uptrend and, at the same time, limiting losses by exiting early when it loses its bullish strength.
Auto-Fibonacci Levels [ChartWhizzperer]Auto-Fibonacci Levels
Discover one of the most elegant and flexible Fibonacci indicators for TradingView – fully automatic, tastefully understated, and built entirely in Pine Script V6.
Key Features:
- Automatically detects the most recent swing high and swing low.
- Plots Fibonacci retracement levels and extensions (including 161.8%, 261.8%) perfectly aligned
to the prevailing trend.
- Distinctive, dashed lines with crystal-clear price labels right at the price scale
for maximum clarity.
- Line length and label offset are fully customisable for your charting preference.
- Absolutely no repainting: Only confirmed swings are used for reliable signals.
- Parameter: "Swing Detection Length"
The “Swing Detection Length” parameter determines how many bars must appear to the left and right of a potential high or low for it to be recognised as a significant swing point.
- Higher values make the script less sensitive (only major turning points are detected).
- Lower values make it more responsive to minor fluctuations (more fibs, more signals).
For best results, adjust this setting according to your preferred timeframe and trading style.
Pro Tip:
Fibonacci levels refresh automatically whenever a new swing is confirmed.
Ideal for price action enthusiasts and Fibonacci purists alike.
Licence:
// Licence: CC BY-NC-SA 4.0 – Non-commercial use only, attribution required.
// © ChartWhizzperer
XRP Alert Strategy - 3X CycleBottom Watch → $1.60 and $1.50 triggers
Reversal Signals → RSI breakout & EMA crossover
Profit Zone Targets → $3.00 and $4.50 levels
(Optional): Volume spike logic for top signal
Hanzo Drex | Key Level EngineHanzo Drex | Key Level Engine™
Precision-calibrated for elite scalpers and institutional traders, this tool automatically maps out the most significant daily and historical key levels—across Today, Yesterday, and up to 10 previous sessions. Built with advanced logic, it filters noise and highlights only price levels that truly matter.
🔐 VIP Only – Invite-Only Access
This version is locked and exclusively available to Hanzo Drex VIPs.
🔧 Features:
Auto-detection of High/Low/Open/Close levels for up to 10 previous trading days
Dynamic combination of overlapping zones using ATR precision
Optional Pre-Market & Monthly levels
High/Low pivot detection engine
Smart labels with adjustable alignment, thickness, and extension
Perfectly designed for breakout traders and liquidity sweep strategies
🧠 Strategy Integration:
Pair this with the Volatility Box, Wick Trap Detector, or Liquidity Sweep Engine for surgical sniper entries on Gold, NAS100, and US30.
Dynamic EMA Ribbon SystemThis Pine Script v6 indicator creates a multi-EMA ribbon that dynamically changes color based on market conditions. It includes 16 EMAs (21 to 66 in 3-period increments) and a thick 200 EMA for long-term trend reference. The indicator automatically detects bullish, bearish, and sideways markets, adjusting the EMA colors accordingly for clear visual interpretation.
Key Features
1. Multi-EMA Ribbon (21 to 66)
16 EMAs plotted distinctly (21, 24, 27, 30, 33, 36, 39, 42, 45, 48, 51, 54, 57, 60, 63, 66).
Each EMA is individually visible (not clubbed together).
Adjustable line thickness (1-3 pixels).
2. Dynamic Color System
Green EMAs:
Price is above all EMAs.
EMAs are stacked ascendingly (21 > 24 > 27 > ... > 66).
Red EMAs:
Price is below all EMAs.
EMAs are stacked descendingly (21 < 24 < 27 < ... < 66).
Gray EMAs:
Market is sideways (price range within threshold).
EMAs are not properly stacked (no clear trend).
3. 200 EMA Reference Line
Thick black line (3px width).
Broken line style for better visibility.
Trend confirmation:
"▲ Trend Start" label when price crosses above 200 EMA.
"▼ Trend End" label when price crosses below 200 EMA.
4. Market State Detection
Sideways Market Condition:
Detected when price range is < user-defined threshold (default: 1.5%).
Background turns light gray.
Trending Market Condition:
Bullish: Background turns light green.
Bearish: Background turns light red.
5. Visual Enhancements
Price Position Line:
Blue line showing recent price movement (last 20 bars).
Clear Labels:
Large "Trend Start" / "Trend End" alerts.
No Repainting:
Uses confirmed signals to avoid false alerts.
Input Parameters
Parameter Description Default Range
Show 200 EMA Toggles the 200 EMA reference line true true/false
EMA Line Thickness Adjusts thickness of EMAs (1-3px) 1 1-3
Sideways Threshold (%) Price range % to consider market sideways 1.5% 0.1-10%
Sideways Period Bars analyzed for sideways condition 20 5-100
How to Use in Trading
Bullish Market (Green EMAs)
Entry Signal:
Price above all EMAs + EMAs stacked upward.
Confirmation: Price crosses above 200 EMA ("▲ Trend Start").
Exit Signal:
EMAs turn red or price drops below key EMAs.
Bearish Market (Red EMAs)
Entry Signal:
Price below all EMAs + EMAs stacked downward.
Confirmation: Price crosses below 200 EMA ("▼ Trend End").
Exit Signal:
EMAs turn green or price rises above key EMAs.
Sideways Market (Gray EMAs)
Strategy:
Avoid trend trades.
Look for breakouts (price exits range with EMA color change).
Code Highlights
✔ Optimized Performance – Uses arrays for EMA calculations.
✔ No Repainting – Signals are confirmed before display.
✔ Professional Visuals – Clean labels, dynamic colors, and intuitive design.
Final Notes
This indicator is perfect for:
✅ Trend-following strategies (swing/day trading).
✅ Breakout confirmation (sideways → trending shifts).
✅ Multi-timeframe analysis (works on all timeframes).
Installation:
Copy the Pine Script code.
Paste into TradingView’s Pine Editor.
Apply to any chart.
VDR-PROVDR-PRO - Volume Weighted Average Price Dynamic Range
Advanced multi-timeframe VWAP indicator with intelligent range levels for precise trading decisions.
🎯 Key Features:
3 Independent Systems with configurable Average Daily/Weekly/Monthly Range calculations
VWAP Dismount Detection across multiple timeframes (Daily, Weekly, Monthly, Quarterly, Yearly)
Smart Level Synchronization - range levels automatically align with VWAP dismount points
Progressive Color System - automatic color coding for easy level identification
Intelligent Price Formatting - automatically adjusts decimal places based on symbol tick size
Dynamic Reference Points - use current price, manual price, or any VWAP dismount as central reference
📊 Perfect For:
Swing Trading - identify key support/resistance levels
Day Trading - precise entry/exit points based on volume-weighted levels
Range Trading - understand price distribution around volume-weighted averages
Multi-timeframe Analysis - combine different range calculations for comprehensive market view
⚙️ Customizable Settings:
Configure range periods (5-200 bars)
Adjust division factors (2-20x)
Set number of levels per system (2-15)
Choose from 12 different VWAP dismount references
Toggle progressive colors or use manual color schemes
🎨 Visual Excellence:
Clean, professional interface
Ghost-style labels with transparent backgrounds
Comprehensive range statistics table
Forex-friendly pip calculations
Transform your trading with precision VWAP-based range analysis. VDR-PRO combines volume analysis with dynamic range calculation for superior market insights.
Percent Change IndicatorThe Percent Change Indicator helps you see how much the price of an asset has changed over a specific number of bars (or candles) on the chart. You get to decide how many bars to look back — for example, the last 10 candles. The indicator takes the current closing price and compares it to the closing price from 10 bars ago, then calculates the percentage difference between the two.
If the price has increased, the indicator shows a positive value and displays it in green. If the price has dropped, the value is negative and shown in red. A horizontal zero line helps you quickly see whether the market is gaining or losing value over the selected period.
On your chart, this indicator appears as a line that moves up or down with the price trend. It updates in real time and works on all timeframes — so whether you're trading on the 1-minute chart or analyzing the daily chart, it always tells you how much the price has changed over the number of bars you chose.
This tool is especially useful for spotting trends, measuring price momentum, or identifying when the market is starting to reverse direction.
ATR Volatility BandsATR Volatility Bands is a simple and effective alternative to Bollinger Bands, using the Average True Range (ATR) instead of standard deviation to measure market volatility.
The indicator plots three lines:
A central moving average (SMA or EMA)
An upper band = MA + (ATR × multiplier)
A lower band = MA - (ATR × multiplier)
✅ Features:
Choose between EMA and SMA
Adjustable ATR and MA lengths
Customizable multiplier
🔍 How to use:
Breakouts: Price crossing above/below the bands may indicate strong momentum.
Squeeze Detection: Narrow bands can signal a period of low volatility — potential breakout setup.
Dynamic Support/Resistance: Use bands as zones for pullbacks and targets.
This tool helps traders better adapt to market conditions with volatility-aware levels.
Colored SMAThis TradingView indicator displays a moving average (either SMA or EMA) with a dynamic color that changes based on the slope of the average:
✅ Features:
Customizable type of moving average: Simple Moving Average (SMA) or Exponential Moving Average (EMA)
User-defined period: Default is 20
Slope-based coloring:
Green: If the moving average is rising (upward slope)
Red: If the moving average is falling (downward slope)
Gray: If the slope is flat (no change)
Fourier Weighted Moving Average-(FWMA)Fourier Weighted Moving Average (FWMA)
About Fourier and His Theory
Joseph Fourier (1768–1830) was a French mathematician and physicist best known for his work on heat transfer and periodic functions. His most significant contribution to science is what we now call Fourier Analysis.
What Is Fourier's Theory?
Fourier’s theory states that:
Any repeating (periodic) signal or pattern can be broken down into a sum of simple sine and cosine waves.
This idea became the foundation of signal processing, modern physics, and data smoothing techniques — including those used in financial markets.
Key Concepts of Fourier’s Theory
1. Decomposition of Signals
Complex waveforms can be expressed as combinations of basic sine waves with different frequencies and amplitudes.
2. Frequency Domain View
Instead of viewing data in time (or price), you can analyze its frequency — how often certain movements repeat.
3. Smoothing and Filtering
By focusing only on certain frequencies (e.g., slower or longer cycles), Fourier methods allow you to filter out short-term noise and focus on the trend.
4. Applications in Finance
In trading, Fourier principles help design indicators that:
* Remove short-term market noise
* Emphasize dominant cycles
* Provide cleaner trend direction
Why It Matters for This Indicator
The Fourier Weighted Moving Average (FWMA) used in this indicator applies a custom weight derived from a sin² function, inspired by Fourier’s work on wave behavior. This gives more influence to the mid-section of the price data, making the average line smoother and more stable than traditional methods like SMA or EMA.
Unlike basic moving averages, the FWMA reacts to price changes more fluidly while reducing whipsaws, which is especially useful for trend-following strategies.
Input Settings and Controls
This section outlines all configurable fields and buttons available in the indicator, grouped for clarity:
Main Settings
* Source
Defines the price source used in the FWMA calculation. Options typically include close, open, hl2, etc.
* FWMA – 1 (Length)
Sets the period for the first Fourier Weighted Moving Average. Shorter lengths produce faster, more sensitive lines.
* FWMA – 2 (Length)
Sets the period for the second FWMA, typically used as a slower or long-term trend filter.
* Weight Epsilon
A small constant added to the weight formula to prevent division by zero and improve numeric stability in the FWMA formula.
Slope Sensitivity
* Slope Sensitivity (Bars)
This field defines the number of bars used to calculate the slope of each FWMA. The slope determines whether the line is rising or falling and is used to change the line color accordingly.
* Enable Slope Coloring (Toggle)
When enabled, both FWMA lines change color based on their slope:
* Positive slope = trend up color
* Negative slope = trend down color
If disabled, lines are shown in a neutral (gray) color.
Ribbon Settings (Group: Ribbon)
* Enable Ribbon for FWMA-2 (Toggle)
Turns the ribbon feature on or off. When enabled, the script plots two additional lines slightly above and below FWMA-2.
* Ribbon Thickness
Controls the line width of the ribbon above and below FWMA-2. Values from 1 to 100 are allowed, giving full control over ribbon visual prominence.
$$$ AJ V2 $$$ALGOEZ.ai
by AJ
AJ Custom Indicator is a dynamic market trend detection tool designed to help traders identify potential entry and exit points with precision. Built using a blend of price action and volatility-based logic, it tracks real-time shifts in market momentum and adjusts accordingly to highlight prevailing trends.
Unlike static indicators, AJ Custom adapts to evolving price movements by plotting a custom trailing signal line on the chart. When the price crosses this signal line with confirmation from momentum shifts, it generates potential buy or sell cues. The indicator filters out minor fluctuations, aiming to reduce noise and highlight meaningful trend transitions.
Ideal for intraday as well as positional trading, the AJ Custom Indicator provides a simplified visual guide for trend direction and possible reversals, making it a valuable companion in fast-moving markets.
MACD Hook + RSI + Breakout + EMA//@version=5
indicator("MACD Hook + RSI + Breakout + EMA + ADX", overlay=true)
// ===== MACD Hook =====
= ta.macd(close, 12, 26, 9)
macdHook = macdLine > signalLine and ta.crossover(macdLine, signalLine)
// ===== RSI =====
rsi = ta.rsi(close, 14)
rsiCondition = rsi > 50
// ===== Breakout =====
highestHigh = ta.highest(high, 5)
breakout = close > highestHigh
// ===== EMA Confirmation =====
ema20 = ta.ema(close, 20)
ema50 = ta.ema(close, 50)
emaCondition = close > ema20 and ema20 > ema50
// ===== ADX =====
adx = ta.adx(14)
adxCondition = adx > 20
// ===== Bullish Candle =====
bullishCandle = close > open
// ===== Entry Condition =====
entryLong = macdHook and rsiCondition and breakout and emaCondition and adxCondition and bullishCandle
// ===== Plot Signal on Chart =====
plotshape(entryLong, title="Buy Signal", location=location.belowbar, color=color.green, style=shape.labelup, text="BUY")
// ===== Alert Condition =====
alertcondition(entryLong, title="Buy Alert", message="🚨 إشارة شراء مؤكدة (MACD + RSI + Breakout + EMA + ADX)")
suppot and daimandRESHA Indicator
The RESHA Indicator is an advanced price action tool designed for precision trading based on dynamic supply and demand zones. It automatically identifies key price levels, draws structured zones, and adapts to market behavior with a strict entry logic. The indicator monitors the first touch of each zone, confirms breakouts with candle closes, and detects retests before generating trading signals.
均线Based on the pulu script used by Gogo, 4 SMA switches have been added for ease of use
基于果子哥使用的pulu脚本，增加了4个均线开关，方便使用
Volume Weighted Regression ChannelThis indicator constructs a volume-weighted linear regression channel over a custom time range.
It’s conceptually similar to a Volume Profile, but instead of projecting horizontal value zones, it builds a tilted trend channel that reflects both price direction and volume concentration.
🧠 Core Features:
Volume-weighted points: Each candle contributes to the regression line proportionally to its volume — heavier candles shift the channel toward high-activity price zones.
Linear regression line: Shows the trend direction within the selected time interval.
±σ boundaries: Outer bands represent the standard deviation of price (also volume-weighted), highlighting statistical dispersion.
Fully customizable: Adjustable line styles, widths, and channel width (sigma multiplier).
Time window control: Select any start and end time to define the regression interval.
📊 Why use this instead of Volume Profile?
While Volume Profile shows horizontal distributions of traded volume, this indicator is ideal when:
You want to understand how volume clusters affect trend direction, not just price levels.
You're analyzing time-dependent flow rather than static price zones.
You're looking for a dynamic volume-adjusted channel that moves with the market's structure.
It’s especially useful in identifying volume-supported trends, hidden pullback zones, and statistical extremes.
⚙️ Notes:
Works on any timeframe and instrument.
Does not repaint.
Does not require volume profile data feeds — uses standard volume and hl2.
Kaliteli Trend Devam FormasyonuHigh-Quality Trend Continuation Strategy with Volume/Momentum/Pullback Validation
An advanced trading system that generates Buy / Sell / Exit signals by confirming trend continuations with volume, momentum, and healthy pullback analysis.
⚙️ 1. INDICATOR SETTINGS
Customizable parameters for user flexibility:
EMA Period: Main trend indicator (default: 21)
RSI Period: Momentum measurement (default: 14)
Volume Factor: Threshold for volume surge detection (default: 1.3)
Min Bars Between Signals: Prevents back-to-back signals (default: 5)
Pullback Strength: Defines valid pullbacks (default: 2)
Trading Capital & Leverage: Enables USD-based PnL tracking
📈 2. TECHNICAL INDICATORS
This strategy uses the following tools:
EMA (21 & 9): Trend direction filter
RSI & Stochastic K: Momentum detection
Volume SMA: Identifies volume surges
ATR: Measures candle strength
Bollinger Bands: For squeeze & breakout analysis
MACD: Momentum crossover confirmation
🔍 3. FILTERS & CONDITIONS
📊 Trend Definition
Strong Uptrend: Price above EMA, short EMA above long EMA
Strong Downtrend: The opposite configuration
⚡ Momentum Confirmation
RSI and Stoch K must be in neutral zones (not overbought/oversold)
🔊 Volume Confirmation
Volume surge: >130% of average
Or: Consecutively rising volume bars
🔁 Healthy Pullback
Compares previous lows/highs to detect valid pullbacks
At least (pullback_strength - 1) valid pullback bars required
🎯 Strong Candles
Based on ATR — strong bullish or bearish candle detection
✅ 4. SIGNAL CONDITIONS
BUY SIGNAL
Strong uptrend
Momentum alignment
MACD bullish crossover
Healthy pullback
Volume confirmation
Strong bullish candle
Breaks previous high & no BB squeeze
💡 Breakout entry: BB upper break + momentum + volume confirmation
SELL SIGNAL
Strong downtrend
Negative momentum
MACD bearish crossover
Weak recovery pullback
Volume confirmation
Strong bearish candle
BB lower break
🚪 5. EXIT CONDITIONS
Trend/Momentum Exit
Trend reversal
Loss of momentum
RSI/Stoch in extreme zones
✅ Exit only after candle close confirmation.
📊 6. PROFIT CALCULATIONS
Entry price is logged per trade
Gain/loss calculated in both % and USD
Total profit, loss, net PnL and win rate updated
Leverage is fully factored into all calculations
📋 7. INFO PANEL
A real-time data table at the chart's bottom shows:
Current trend direction
Total signals (BUY / SELL / EXIT)
Last signal quality score (%)
Active trade PnL (USD & %)
Total profit/loss (USD-based)
Win rate & W/L ratio
Net profit (USD & %)
🔔 8. ALERTS
Ready-to-use TradingView alerts for:
Buy / Sell signal confirmed
Exit signal triggered
Trend change detected (up/down/sideways)
📌 OVERALL SUMMARY
Feature Description
Strategy Type Trend Continuation
Signal Quality 6-layer filter + scoring
Repaint? ❌ No repaint, confirmed on candle close
Stats Tracking ✅ Real-time PnL, win rate, active trades
Style Mid-term swing positions
USD Tracking ✅ Capital & leverage-based PnL
Shareable? ✅ Yes – community-ready & reliable
RSI Games 1.2he "RSI Games 1.2" indicator enhances the standard RSI by adding several layers of analysis:
Standard RSI Calculation: It calculates the RSI based on a configurable length (default 14 periods) and a user-selected source (default close price).
RSI Bands: It plots horizontal lines at 70 (red, overbought), 50 (yellow, neutral), and 30 (green, oversold) to easily identify extreme RSI levels.
RSI Smoothing with Moving Averages (MAs) and Bollinger Bands (BBs):
You can apply various types of moving averages (SMA, EMA, SMMA, WMA, VWMA) to smooth the RSI line.
If you choose "SMA + Bollinger Bands," the indicator will also plot Bollinger Bands around the smoothed RSI, providing dynamic overbought/oversold levels based on volatility.
The RSI line itself changes color based on whether it's above (green) or below (red) its smoothing MA.
It also fills the area between the RSI and its smoothing MA, coloring it green when RSI is above and red when below.
Bollinger Band Signals: When Bollinger Bands are enabled, the indicator marks "Buy" signals (green arrow up) when the RSI crosses above the lower Bollinger Band and "Sell" signals (red arrow down) when it crosses below the upper Bollinger Band.
Background Coloring: The background of the indicator pane changes to light green when RSI is below 30 (oversold) and light red when RSI is above 70 (overbought), visually highlighting extreme conditions.
Divergence Detection: This is a key feature. The indicator automatically identifies and labels:
Regular Bullish Divergence: Price makes a lower low, but RSI makes a higher low. This often signals a potential reversal to the upside.
Regular Bearish Divergence: Price makes a higher high, but RSI makes a lower high. This often signals a potential reversal to the downside.
Hidden Bullish Divergence: Price makes a higher low, but RSI makes a lower low. This can indicate a continuation of an uptrend.
Hidden Bearish Divergence: Price makes a lower high, but RSI makes a higher high. This can indicate a continuation of a downtrend.
Divergences are visually marked with labels and can trigger alerts.
