RSI Classic calculationClassic RSI with Moving Average
This script implements the Classic RSI (Relative Strength Index) method with the option to use either an Exponential Moving Average (EMA) or a Simple Moving Average (SMA) for smoothing the gains and losses. This custom implementation primarily aims to resolve a specific issue I encountered when cross-referencing RSI values with Python-based data, which is calculated differently than in Pine Script. However, the methodology here can benefit anyone who needs to align RSI calculations across different programming languages or platforms.
The Problem:
When working with Python for data analysis, the RSI values are calculated differently. The smoothing method, for example, can vary—RMA (Relative Moving Average) may be used instead of SMA or EMA, resulting in discrepancies when comparing RSI values across systems. To solve this problem, this script allows for the same type of smoothing to be applied (EMA or SMA) as used in Python, ensuring consistency in the data.
Why This Implementation:
The main goal of this approach was to align RSI calculations across Python and Pine Script so that I could cross-check the results accurately. By offering both EMA and SMA options, this script bridges the gap between Pine Script and Python, ensuring that the data is comparable and consistent. While this particular issue arose from my work with Python, this solution is valuable for anyone dealing with cross-platform RSI comparisons in different coding languages or systems.
Benefits:
Cross-Platform Consistency: This script ensures that RSI values calculated in Pine Script are directly comparable to those from Python (or any other platform), which is crucial for accurate analysis, especially in automated trading systems.
Flexibility: The ability to choose between EMA and SMA provides flexibility in line with the specific needs of your strategy or data source.
Ease of Use: The RSI is plotted with overbought and oversold levels clearly marked, making it easy to visualize and use in decision-making processes.
Limitations:
Calculation Differences: While this script bridges the gap between Pine Script and Python, if you're working with a different platform or coding language that uses variations like RMA, small discrepancies may still arise.
Sensitivity Trade-Off: The choice between EMA and SMA impacts the sensitivity of the RSI. EMA responds quicker to recent price changes, which could lead to faster signals, while SMA provides a more stable but slower response.
Conclusion:
This Classic RSI script, with its customizable moving average type (EMA or SMA), not only solves the issue I faced with Python-based calculations but also provides a solution for anyone needing consistency across different programming languages and platforms. Whether you're working with Pine Script, Python, or other languages, this script ensures that your RSI values are aligned for more accurate cross-platform analysis. However, always be mindful of the small differences that can arise when different smoothing techniques (like RMA) are used in other systems.
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RSI of Accumulation/DistributionHow to Use the RSI of Accumulation/Distribution Indicator:
1. Identify Overbought/Oversold Conditions:
Overbought: When the RSI of the ADL is above 70, it indicates that the asset may be overbought and could be due for a pullback or correction.
Oversold: When the RSI of the ADL is below 30, it suggests that the asset may be oversold and could be poised for a rebound.
2. Look for Divergences:
Bullish Divergence: If the price is making lower lows while the RSI of the ADL is making higher lows, it can signal a potential reversal to the upside.
Bearish Divergence: If the price is making higher highs while the RSI of the ADL is making lower highs, it can indicate a potential reversal to the downside.
3. Confirm Trend Strength:
Use the RSI of the ADL to confirm the strength of a trend. For example, if the RSI is consistently above 50 during an uptrend, it suggests strong buying pressure and the trend is likely to continue.
Conversely, if the RSI is consistently below 50 during a downtrend, it indicates strong selling pressure and the trend is likely to persist.
4. Monitor for Reversals:
When the RSI of the ADL crosses above 50, it can signal a potential bullish reversal.
When the RSI of the ADL crosses below 50, it can signal a potential bearish reversal.
Is It Worth It?
The RSI of the Accumulation/Distribution Line can be a valuable tool for traders looking to gain insights into market momentum and trend strength. Here are a few reasons why it might be worth considering:
1. Volume and Price Combination: By combining price action (RSI) with volume-based analysis (ADL), this indicator provides a more comprehensive view of market dynamics.
2. Divergence Detection: It helps identify divergences between price and volume, which can be early signals of potential reversals.
3. Trend Confirmation: It offers additional confirmation of trend strength and potential reversal points, helping traders make more informed decisions.
However, like any indicator, it's important to use it in conjunction with other analysis methods and not rely on it solely for trading decisions. Backtesting the indicator on historical data and combining it with other technical analysis tools can improve its effectiveness.
Feel free to test the script in TradingView and see how it performs in different market conditions. If you have any specific questions or need further assistance, let me know! 😊
RSI OB/OS Strategy Analyzer█ OVERVIEW
The RSI OB/OS Strategy Analyzer is a comprehensive trading tool designed to help traders identify and evaluate overbought/oversold reversal opportunities using the Relative Strength Index (RSI). It provides visual signals, performance metrics, and a detailed table to analyze the effectiveness of RSI-based strategies over a user-defined lookback period.
█ KEY FEATURES
RSI Calculation
Calculates RSI with customizable period (default 14)
Plots dynamic overbought (70) and oversold (30) levels
Adds background coloring for OB/OS regions
Reversal Signals
Identifies signals based on RSI crossing OB/OS levels
Two entry strategies available:
Revert Cross: Triggers when RSI exits OB/OS zone
Cross Threshold: Triggers when RSI enters OB/OS zone
Trade Direction
Users can select a trade bias:
Long: Focuses on oversold reversals (bullish signals)
Short: Focuses on overbought reversals (bearish signals)
Performance Metrics
Calculates three key statistics for each lookback period:
Win Rate: Percentage of profitable trades
Mean Return: Average return across all trades
Median Return: Median return across all trades
Metrics calculated as percentage changes from entry price
Visual Signals
Dual-layer signal display:
BUY: Green triangles + text labels below price
SELL: Red triangles + text labels above price
Semi-transparent background highlighting in OB/OS zones
Performance Table
Interactive table showing metrics for each lookback period
Color-coded visualization:
Win Rate: Gradient from red (low) to green (high)
Returns: Green for positive, red for negative
Time Filtering
Users can define a specific time window for the indicator to analyze trades, ensuring that performance metrics are calculated only for the desired period.
Customizable Display
Adjustable table font sizes: Auto/Small/Normal/Large
Toggle option for table visibility
█ PURPOSE
The RSI OB/OS Strategy Analyzer helps traders:
Identify mean-reversion opportunities through RSI extremes
Backtest entry strategy effectiveness across multiple time horizons
Optimize trade timing through visual historical performance data
Quickly assess strategy robustness with color-coded metrics
█ IDEAL USERS
Counter-Trend Traders: Looking to capitalize on RSI extremes
Systematic Traders: Needing quantitative strategy validation
Educational Users: Studying RSI behavior in different market conditions
Multi-Timeframe Analysts: Interested in forward returns analysis
RSI - EMA - WMA ( Phat-Truong )Indicator: RSI ( EMA - WMA )
This indicator, named "RSI ( EMA - WMA )", is a versatile tool designed to provide insights into market momentum and trend strength by combining multiple technical indicators.
The Relative Strength Index (RSI) is a popular momentum oscillator used to measure the speed and change of price movements. In this indicator, RSI is plotted alongside its Exponential Moving Average (EMA) and Weighted Moving Average (WMA). EMA and WMA are smoothing techniques applied to RSI to help identify trends more clearly.
Key features of this indicator include:
RSI: The main RSI line is plotted on the chart, offering insights into overbought and oversold conditions.
EMA of RSI: The Exponential Moving Average of RSI smooths out short-term fluctuations, aiding in trend identification.
WMA of RSI: The Weighted Moving Average of RSI gives more weight to recent data points, providing a faster response to price changes.
Additionally, this indicator marks specific RSI levels considered as bullish and bearish trends, helping traders identify potential entry or exit points based on market sentiment.
By combining these technical indicators, traders can gain a comprehensive understanding of market dynamics, helping them make more informed trading decisions.
RSI Fakeout Filter with SMA Confirmation [CHE] Introducing: RSI Fakeout Detection
Are you tired of being caught in fakeouts that can lead to frustrating losses? The RSI Fakeout Detection is here to enhance your trading strategy by filtering out false signals and providing you with more reliable entries. This innovative indicator is designed to help traders identify when market momentum, as indicated by the RSI, does not align with price movement – a key indicator of potential fakeouts!
What Does It Do?
The RSI Fakeout Detection focuses on one key goal: avoiding false signals. By monitoring when the RSI exceeds a customizable threshold (indicating strength) but the price remains below a moving average like the SMA, this indicator highlights situations where the market may seem strong, but the price action doesn't support that momentum. In other words, it saves you from those tricky fake breakouts.
Key Benefits:
1. Reduce Risk, Increase Confidence: Get an extra layer of protection against fakeouts by receiving signals only when both RSI and price confirm the market's true direction. Avoid entering false breakouts and trade with more confidence.
2. Dynamic Analysis of SMA Lengths: It doesn’t just rely on one SMA. The indicator automatically analyzes and sorts through different SMA lengths to find the most reliable one for your specific market condition, ensuring that you get the best possible signal.
3. Tailored for You: With customizable RSI thresholds, a choice of multiple moving average types (SMA, EMA, Bollinger Bands, and more), and vibrant color-coded visuals, this tool is built to fit your unique trading style and preferences.
4. Spot Fakeouts with Ease: Visual cues make it easy to see when the market might be tricking you. Labels, plotted lines, and a toggleable disclaimer keep everything transparent and easy to understand.
5. Friendly and Intuitive: Whether you’re new to trading or a seasoned pro, the RSI Fakeout Detection is designed to be simple and effective. The labels and plots are clear, the alerts are timely, and it seamlessly integrates into your chart without cluttering it.
Why Choose RSI Fakeout Detection?
- Accuracy and Precision: By combining RSI and SMA analysis, this indicator minimizes the risk of following false trends and entering trades too early.
- Save Time and Reduce Guesswork: No more spending hours trying to figure out which SMA length works best – the RSI Fakeout Detection does it for you!
- Peace of Mind: Avoiding fakeouts means fewer bad trades, which can lead to more consistent performance and less stress.
Transform the way you trade, and step into a more confident trading future with RSI Fakeout Detection . Whether you’re day trading or swing trading, this tool will give you an edge by helping you filter out the noise and make more informed decisions.
Best regards,
Chervolino
Disclaimer:
The content provided, including all code and materials, is strictly for educational and informational purposes only. It is not intended as, and should not be interpreted as, financial advice, a recommendation to buy or sell any financial instrument, or an offer of any financial product or service. All strategies, tools, and examples discussed are provided for illustrative purposes to demonstrate coding techniques and the functionality of Pine Script within a trading context.
Any results from strategies or tools provided are hypothetical, and past performance is not indicative of future results. Trading and investing involve high risk, including the potential loss of principal, and may not be suitable for all individuals. Before making any trading decisions, please consult with a qualified financial professional to understand the risks involved.
By using this script, you acknowledge and agree that any trading decisions are made solely at your discretion and risk.
RSI & ADX [deepakks444]This Pine Script is designed to provide a comprehensive view of market conditions by combining the Relative Strength Index (RSI) and the Average Directional Index (ADX) indicators. The script offers a range of customizable features to help traders analyze trends, identify overbought and oversold conditions, and make informed trading decisions.
Key Features:
RSI and ADX Calculation:
The script calculates the RSI and ADX values based on user-defined lengths.
The RSI indicator helps identify overbought and oversold conditions.
The ADX indicator measures the strength of the trend.
Trend Identification:
The script uses the Directional Movement Index (DMI) to determine bullish and bearish trends.
It highlights strong trends by changing the background color.
Customizable Colors:
Users can choose to color candles based on ADX or RSI values.
The RSI line can be displayed in a single color or change color based on its value.
Overbought and Oversold Zones:
The script visually represents overbought and oversold zones with fading color effects.
This helps traders quickly identify potential reversal points.
Dynamic Midline:
The midline (50) of the RSI changes color based on the trend direction, providing additional visual cues.
Side Panel for ADX and RSI Values:
A side panel displays the current RSI and ADX values with color-coded boxes for easy reference.
Customizable Parameters:
Users can adjust various parameters such as RSI length, ADX length, ADX threshold, and levels for overbought and oversold zones.
Usage:
Trend Analysis: Use the ADX and DMI to identify strong trends and their direction.
Overbought/Oversold Conditions: Monitor the RSI to spot potential reversal points.
Visual Aids: Utilize the color-coded candles, background, and fading zones to quickly assess market conditions.
This script is designed to be user-friendly and highly customizable, allowing traders to tailor the indicators to their specific trading strategies and preferences. By combining the strengths of RSI and ADX, this script provides a powerful tool for technical analysis.
RSI Slope Filtered Signals [UAlgo]The "RSI Slope Filtered Signals " is a technical analysis tool designed to enhance the accuracy of RSI (Relative Strength Index) signals by incorporating slope analysis. This indicator not only considers the RSI value but also analyzes the slope of the RSI over a specified number of bars, providing a more refined signal that accounts for the momentum and trend strength. By utilizing both positive and negative slope arrays, the indicator dynamically adjusts its thresholds, ensuring that signals are responsive to changing market conditions. This tool is particularly useful for traders looking to identify overbought and oversold conditions with a higher degree of precision, filtering out noise and providing clear visual cues for potential market reversals.
🔶 Key Features
Dynamic Slope Analysis: Measures the slope of RSI over a customizable number of bars, offering insights into the momentum and trend direction.
Adaptive Thresholds: Uses historical slope data to calculate dynamic thresholds, adjusting signal sensitivity based on market conditions.
Normalized Slope Calculation: Normalizes the slope values to provide a consistent measure across different market conditions, making the indicator more versatile.
Clear Signal Visualization: The indicator plots both positive and negative normalized slopes with color gradients, visually representing the strength of the trend.
Overbought and Oversold Signals: Plots overbought and oversold signals directly on the chart when the calculated value reaches the user-specified threshold, helping traders identify potential reversal points.
Customizable Settings: Allows users to adjust the RSI length, slope measurement bars, and lookback periods, providing flexibility to tailor the indicator to different trading strategies.
🔶 Interpreting the Indicator
The "RSI Slope Filtered Signals " indicator is designed to be easy to interpret. Here's how you can use it:
Normalized Slope: The indicator plots the normalized slope of the RSI, with values above zero indicating positive momentum and values below zero indicating negative momentum. A higher positive slope suggests a strong upward trend, while a deeper negative slope indicates a strong downward trend.
Reversal Signals: The indicator plots several horizontal lines at different thresholds (+3, +2, +1, 0, -1, -2, -3). These levels are used to gauge the strength of the momentum based on the normalized slope. For example, a normalized slope crossing above the +2 threshold may indicate a strong bullish trend, while crossing below the -2 threshold may suggest a strong bearish trend. These thresholds help in understanding the intensity of the current trend and provide context for interpreting the indicator's signals.
This indicator generates overbought and oversold signals not solely based on the RSI entering extreme levels (above 70 for overbought and below 30 for oversold), but also by considering the behavior of the normalized slope relative to specific thresholds. Specifically, the Overbought Signal (🔽) is triggered when the RSI is above 70 and the normalized slope from the previous bar is greater than or equal to the upper threshold, with the current slope being lower than the previous slope, indicating a potential bearish reversal as momentum may be slowing down.
Similarly, the Oversold Signal (🔼) is generated when the RSI is below 30 and the normalized slope from the previous bar is less than or equal to the lower threshold, with the current slope being higher than the previous slope, signaling a potential bullish reversal as the downward momentum may be weakening.
Area Plots: The indicator also plots the positive and negative slopes as filled areas, providing a quick visual cue for the strength and direction of the trend. Green areas represent positive slopes (upward momentum), while red areas represent negative slopes (downward momentum).
By combining these elements, the "RSI Slope Filtered Signals " provides a comprehensive view of the market's momentum, helping traders make more informed decisions by filtering out false signals and focusing on the significant trends.
🔶 Disclaimer
Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals.
Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator.
Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies.
Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses.
No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.
RSI EMA WMA (hieuhn)Indicator: RSI & EMA & WMA (14-9-45)
This indicator, named "RSI & EMA & WMA", is a versatile tool designed to provide insights into market momentum and trend strength by combining multiple technical indicators.
The Relative Strength Index (RSI) is a popular momentum oscillator used to measure the speed and change of price movements. In this indicator, RSI is plotted alongside its Exponential Moving Average (EMA) and Weighted Moving Average (WMA). EMA and WMA are smoothing techniques applied to RSI to help identify trends more clearly.
Key features of this indicator include:
RSI: The main RSI line is plotted on the chart, offering insights into overbought and oversold conditions.
EMA of RSI: The Exponential Moving Average of RSI smooths out short-term fluctuations, aiding in trend identification.
WMA of RSI: The Weighted Moving Average of RSI gives more weight to recent data points, providing a faster response to price changes.
Additionally, this indicator marks specific RSI levels considered as bullish and bearish trends, helping traders identify potential entry or exit points based on market sentiment.
By combining these technical indicators, traders can gain a comprehensive understanding of market dynamics, helping them make more informed trading decisions.
RSI+MA ALERTThis script is a custom indicator for use on the TradingView platform, which combines the Relative Strength Index (RSI) with a moving average applied to the RSI itself to smooth its movements and potentially identify trends or reversals more clearly.
The RSI is a momentum oscillator that measures the speed and variation of asset price movements. RSI values range from 0 to 100 and are generally considered overbought when above 70 and oversold when below 30. In our indicator, we adjust these levels to 80 and 20, respectively, to avoid premature or delayed signals. Furthermore, we have inserted customizable options within the script that allow the user to define their own overbought and oversold thresholds, thus improving compatibility with different strategies and market conditions.
The overbought metric means that the price may be at a point of downward reversal, while an oversold state may indicate an imminent upward reversal point. These levels are visualized as dotted horizontal lines on the indicator chart for guidance.
To capture the behavior of the RSI over time, we apply a simple moving average (SMA) to the RSI values, thereby smoothing the RSI graph and highlighting the broader trend of oscillator movement. This helps filter out the noise from smaller price movements and provides a clearer representation of trend momentum.
Regarding alerts, the indicator is programmed to send notifications when the RSI value crosses the defined overbought and oversold levels. This means that when the RSI drops below 20, the indicator triggers an oversold alert, while an RSI above 80 triggers an overbought alert. These levels, however, are user adjustable in code, allowing custom levels to be defined to match individual strategies.
Visually, the indicator plots two lines on the chart below the main price chart: a blue line for the RSI values and an orange line for the RSI moving average. The red (oversold - 20) and green (overbought - 80) horizontal lines delimit the critical levels, although these are also customizable. These are the fundamental features of this indicator that make it a useful tool for analyzing momentum and potentially identifying price reversals.
RSI-Divergence Goggles [Trendoscope®]🎲 Introducing the RSI-Divergence Goggle
🎯 Revolutionizing Divergence Analysis in Trading
While the concept of divergence plays a crucial role in technical analysis, existing indicators in the community library have faced limitations, particularly in simultaneously displaying divergence lines on both price and oscillator graphs. This challenge stems from the fact that RSI and other oscillators are typically plotted in a separate pane from the price chart. Traditional Pine Script® indicators are confined to a single pane, thus restricting comprehensive divergence analysis.
🎯 Our Innovative Solution: RSI on the Price Pane
The RSI-Divergence Goggle breaks through these limitations. Our innovative approach involves plotting the RSI directly onto the price pane within a movable and resizable widget. This groundbreaking feature allows for the simultaneous drawing of zigzag patterns on both price and the oscillator, enabling the effective calculation and visualization of divergence lines on both.
🎯 The Foundation: Our Divergence Research and Rules
Our journey into divergence research began three years ago with the launch of the "Zigzag Trend Divergence Detector." The foundational rules established with this script remain pertinent and form the basis of all our subsequent divergence-based indicators.
🎯 Understanding Divergence: Key Concepts
Divergence Varieties : We identify two main types - Bullish Divergence (and its hidden counterpart) occurs at pivot lows, while Bearish Divergence (and its hidden version) appears at pivot highs.
Contextual Occurrence : Bullish divergence is a phenomenon of downtrends, whereas bearish divergence is unique to uptrend. Conversely, hidden bullish divergence arises in uptrends, and hidden bearish divergence in downtrends.
Oscillator Behavior : In standard divergence scenarios, the oscillator lags behind price, signaling potential reversals. In hidden divergence cases, the oscillator leads, suggesting trend continuation.
🎯 Visual Insights: Divergence and Hidden Divergence
For a clearer understanding, refer to our visual guides:
🎯 A Word of Caution
While divergence is a powerful tool, it's not a standalone guarantee of trend reversals or continuations. We recommend using these patterns in conjunction with support and resistance levels, as demonstrated in our "Divergence Based Support Resistance" implementation.
🎯 Using the RSI-Divergence Goggles
Upon applying the indicator to your chart, you'll be prompted to select two corner points, defining the widget's placement and size. This widget is the stage for your RSI plotting and divergence calculations. Choose these points carefully to ensure they encompass your area of interest without overlapping important price bars.
An example as below.
🎯 Innovative Features:
Plotting RSI: RSI values are scaled from 0 to 100 within the widget. This unique plotting may not align with individual bar values, but pivot labels and tooltips provide detailed RSI and retracement ratio information.
Zigzag and Pivots: Our adjusted RSI plots determine the zigzag pivot highs and lows, which may not always correspond with visible price pivots. However, calculations based on close prices ensure minimal deviation.
Divergence Display: Divergence types are identified following our established rules, with a simple moving average employed to discern the prevailing trend.
🎯 Trend Detection Mechanism
A simple moving average is used as base for determining the trend. If the difference between moving averages of the alternate pivots is positive, then the sentiment is considered to be uptrend. Else, we consider the sentiment to be in downtrend.
This is a simple method to identify trend, implemented via this indicator. The indicator does not provide alternative methods to identify trend. This is something that we can explore in the future.
🎯 Interactive and Customizable
The RSI-Divergence Goggle isn't just a static tool; it's an interactive feature on your chart. You can move or resize the widget, allowing for dynamic analysis and focused study on different chart segments.
RSI Screener Multi Timeframe [5ema]This indicator is the simple version of my indicator: RSI Screener and Divergence .
Only show table with values, signals at 5 custom timeframes.
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I reused some functions, made by (i believe that):
©paaax: The table position function.
@kingthies: The RSI divergence function.
@QuantNomad: The function calculated value and array screener for 40+ instruments.
I have commented in my code. Thanks so much!
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How it works:
1. Input :
Length of RSI => calculate RSI.
Upper/lower => checking RSI overbought/oversold.
Right bars / left bars => returns price of the pivot low & high point => checking divergence.
Range upper / lower bars => compare the low & high point => checking divergence.
Timeframe => request.security another time frame.
Table position => display screener table.
2. Input bool:
Regular Bearish divergence.
Hidden Bullish divergence .
Hidden Bearish divergence.
3. Basic calculated:
Make function for RSI , pivot low & high point of RSI and price.
Request.security that function for earch time frame.
Result RSI, Divergence.
4. Condition of signal:
Buy condition:
RSI oversold (1)
Bullish divergence (2).
=> Buy if (1) and (2), review buy (1) or (2).
Sell condition:
RSI overbought (3).
Bearish divergence (4).
=> Sell if (3) and (4), review sell (3) or (4).
-----
Table screener:
Time frame.
RSI (green - oversold, red - overbought)
Divergence (>> - regular bullish , << regular bearish , > - hidden bullish , < - hidden bearish ).
Signal (green ⦿ - Buy, red ⦿ - Sell, green 〇 - review buy, red 〇 - review sell).
- Regular Bearish divergence:
- Regular Bullish divergence:
- Regular Bullish divergence + RSI overSold
- Regular Bearish divergence + RSI overBought
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This indicator is for reference only, you need your own method and strategy.
If you have any questions, please let me know in the comments.
Double RSI + BBRSI stands for Relative Strength Index.
Bollinger Bands stands for a channel open by standard deviation values plotting upper, lower lines.
Double RSI with Bollinger bands adapted Bollinger bands to RSI not using overlay mode. It tries to filter fake signals while giving more good signals according to volatility even below overbought areas or above oversold areas. This way you can use greater values for RSI, like 25 and 100, increasing smoothness with less market noise.
We added an extra gap spacer to smooth Bollinger bands while widening the channel with a lower multiplier.
I found better results when Fast RSI crosses back into Bollinger bands channel.
You can play with the following settings:
• Source
Close is the most used
• Fast RSI length
Default to 25
• Slow RSI length
Default to 100
• RSI Smoothing
To filter out some graphic noise
• RSI Overbought, Oversold
Regular overbought, oversold lines handled by a single value. For 70/30, set it to 20 although with longer RSI something around 15 is enough.
• Bollinger Spacer
Ads thickness to the channel with lower multiplier
• Bollinger Length
Regular Bollinger length applied to slow RSI
• Bollinger Multiplier
Regular Bollinger multiplier applied to slow RSI
Disclaimer:
For study purposes only, trading without a good risk management can be regrettable, do your own research, always add confirmations, use it as is, at your own risk.
RSI & BB QQE Mod (highlight)This script is a combination of the RSI, QQE and BB
Here is an explanation on how I combined them, and how they are used:
- RSI (Relative Strength Index)
- Display a smoothed version of the RSI to identify "oversold" and "overbought" market phases
- Used to calculate a QQE
- QQE (Quantitative Qualitative Estimation)
- Used to identify trend direction and trend strength
- Used to set a basis for the BB
- BB (Bollinger Bands)
- Used with QQE as a basis to determine a relative definition of "high RSI" and "low RSI"
- Used with QQE as a basis to determine the volatility of the RSI at a given moment
- Used to predict pivot points
Here are the main signals:
- When "RSI Smoothed" line above the Upper BB then "RSI Smoothed" line turns green
- Also , display green background color highlight
- Also , and if "RSI Smoothed" is above the overbought line then display a second green background color highlight
- When "RSI Smoothed" line bellow the Lower BB then "RSI Smoothed" line turns red
- Also , display red background color highlight
- Also , and if "RSI Smoothed" is bellow the oversold line then display a second red background color highlight
A tool codded to be aesthetically pleasing and VERY customisable:
- Designed for both light theme and dark theme users
- Value can be easily modified in the settings
- Colors can be easily swapped in the settings
- Opacity of "fill" & "bgcolor" regrouped as a single input
A tool codded to be easy to read and to learn from:
- Sources and inspirations all listed within the script
- Structure easily identifiable (to understand with little to no effort how the script works)
Notes :
- This script is lagging, because of that I do recommend using it on relatively large timeframe
- This script is OpenSource, feel free to reuse it, but if so please remember to include a link to my script in your sources
- This script is not a magical tool, use at your own risk
RSI 25 + MA 100+Stoch(sma,bb,ema) - by: rpalconitHello everyone,
This indicator uses RSI 25 + MA 100 + Stoch(sma,bb,ema to show buy and sell signals.
Signal Features:
• Buy Signal: It gives a buy signal when the RSI Length 25 bend upward below middle/lower bands and crosses MA 100 .
• Sell Signal: It gives a buy signal when the RSI Length 25 bend downward above middle/upper bands and crosses MA 100 .
• .
• Strong Buy Signal: It gives a strong buy signal when the RSI Length 25 bend upward below lower band and within overbought area of 30
• Storng Sell Signal: It gives a strong sell signal when the RSI Length 25 bend downward below lower band and within oversold area of 70.
You can change RSI length in any of your preference. And the Moving average you can select them from the list such as Simple Moving Average(SMA), Bollinger Bands( BB)and Exponential Moving Average (EMA.
In addition it includes momentum indicator like Stochastic RSI for more confirmation.
Details about the indicator
INPUTS
Time Frame
• Time Frames Chart: You can select your preferred timeframe at the dropdown list.
Relative Strength Index Settings
RSI Length: You can choose your preferred RSI length at the dropdown list.
RSI Source: You can choose your preferred RSI source at the dropdown list.
MA Setting:
1. MA Type: You can choose your preferred MA Type at the dropdown list.
2. MA Length: You can choose your preferred MA Length at the dropdown list.
3. stdDiv: You can choose your preferred the dropdown list.
Stochastic RSI gives you an idea about momentum if reach to the oversold and overbought areas.
Best regards,
ruelpalconit
RSI vs Longs/Shorts Margin Ratio Percentage RankThis indicator plots the RSI of the current token and the percentage rank, of the RSI, of the ratio of a long margined token to a short margined token.
By default it plots the RSI of the current token with a color based on percentage rank the RSI of BITFINEX:BTCUSDLONGS divided by BITFINEX:BTCUSDSHORTS, so the assumption is that you are using it on a BTC chart. While you can select any Tradingview symbol for your Long and Short tokens I don't think you will get meaningful results unless you select a long and short margined token that matches your chart symbol, such as BITFINEX:ETHUSDLONGS and BITFINEX:ETHUSDSHORTS if you're trading ETHUSD. Even using margined tokens the results may not be meaningful, if there is not enough trade volume in the token, or if they are being manipulated, so you must backtest everything.
The three plot options are:
• Colored RSI - RSI plotted with colors based on the Longs/Shorts ratio
• Background Color - White RSI plot with Longs/Shorts ratio as background color
• RSI + Ratio - White RSI with Longs/Shorts ratio plotted in color
The chart shows all three options on an hourly BITFINEX:SOLUSD chart with BITFINEX:SOLUSDSHORTS and BITFINEX:SOLUSDLONGS.
By default it also plots a short term moving average and it can also plot the raw ratio rather than the percentage rank if selected.
This script started out as "RSI vs BITFINEX BTC Longs/Shorts Margin Ratio Percentage Rank" by me. I was interested in the ratio of BITFINEX:BTCUSDLONGS to BITFINEX:BTCUSDSHORTS as a measure of market sentiment and how that sentiment would magnify RSI changes. The volatility of the BTCUSDLONGS : BTCUSDSHORTS ratio was too low to get a good read, using a percent rank of the RSI of the ratio made the results more visible. After a discussion with @jason5480 I saw how opening it up to all margined Long / Short pairs was the best way forward. Unfortunately the name no longer matched the script, so I had to publish a new script.
RSI Levels, Multi-TimeframeThe relative strength index (RSI) is a momentum indicator that measures the magnitude of recent price changes to evaluate overbought or oversold conditions. RSI is normally displayed as an oscillator separately from price and can have a reading from 0 to 100. This indicator takes the RSI and plots the 30 & 70 levels onto the price chart so you can see when price is going to meet the 30 or 70 levels. The reason the 30 & 70 levels are important is because many traders (and bots) use those as signals to buy (at 30 RSI) or sell (at 70 RSI). Additionally, this indicator allows you to display not just the RSI levels of your currently viewed timeframe on the chart, but also shows the RSI levels of up to 6 different timeframes on the same chart. This allows you to quickly see if multiple RSI levels are aligning across different timelines, which is an even stronger indication that price is going to change direction when it meets those levels on the chart. There are a lot of nice configuration options, like:
Style customization (color, thickness, size)
Labels on the chart so you can tell which plots are the RSI levels
Optionally display the plot as a horizontal line if all you care about is the RSI level right now
Toggle overbought (RSI 70) or oversold (RSI 30) on/off completely
RSI Divergency and Golden RatioHow to calculate:
Positive mismatch finds the lowest trough within the distance you choose. It then compares it to the current closing value.
If the past low is above the current closing level, it means that the bottoms of the price are descending.
The RSI level at the furthest bottom of the price is detected. And the current RSI level is detected. If the current RSI level is higher than the previous RSI level, there is a positive divergence.
When a positive divergence occurs, a green pole forms above the RSI indicator on the chart.
Negative finds the highest peak level within the distance you choose. It then compares it to the current closing value.
If the past high is below the current close, it means that the highs of the price are rising.
The RSI level at the furthest high of the price is detected. And the current RSI level is detected. If the current RSI level is lower than the previous RSI level, there is negative divergence.
When a negative divergence occurs, a red pole forms above the RSI indicator on the chart.
As can be seen in the image, the points marked with red are the regions where incompatibility occurs. At the same time, the signals that occur when the RSI cuts its own moving average and the signals that occur when the RSI cuts its own golden ratio are also very strong signals.
Waiting for your ideas and comments. I am open to criticism. We can improve.
RSI Signals by HBRELATIVE STRENGTH INDEX (RSI)
This is a tool that is widely used
Especially for Overbought and Oversold systems, but I have made some changes in this indicator,
How to use it...!
I have set it as the default setting
- RSI Length: 7
- Overbought: 70
- Oversold: 30
What is unique about this tool?
we can see 3 conditions:
1) RSI Overbought / Oversold with Bullish Engulfing / Bearish Engulfing
2) RSI Overbought / Oversold with Hammer and Shooting Star
3) RSI Overbought / Oversold with 2 Bullish Bars / 2 Bearish Bars
4) RSI Overbought / Oversold with All Patterns at the same time
When the RSI reaches its Oversold line, the code will wait for Bullish Engulfing pattren , when oversold and Bullish engulfing matched, This indicator will generate a buy signal when the condition is met,
and same as for Bear market, When the RSI reaches its Overbought line, the code will wait for Bearish Engulfing pattren , This indicator will generate a sell/exit signal when the condition is met,
2nd condition is that a Hammer candle will be waited for when RSI touches the Overbought line, for Bullish Move
and Shooting Star candle will be waited for when RSI touches the Overbought line, for Bullish Move, for Bearish Move
3rd Condition is also the same as Condition 1 and Condition 2,
When the RSI reaches its Oversold line, the code will wait for 2 Bullish Bars , when oversold and 2 Bullish Bars matched then this indicator will generate a buy signal, and same as for Bear market,
When the RSI reaches its Overbought line, the code will wait for 2 Bearish Bars , when overbought and 2 Bearish Bars matched then this indicator will generate a Sell signal,
4th Condition is that we can use All Conditions at the same time,
- Bullish Engulfing / Bearish Engulfing
- Hammer and Shooting Star
- 2 Bullish Bars / 2 Bearish Bars
RSI Relative Strength Index 3X - DurbtradeDurbtrade Triple RSI - 3 individual RSI's on 1 indicator, each distinguishable by length, as well as line color, thickness, opacity, and type.
(note: usable line TYPES are limited... try experimenting)
1) RSI's
A) Each RSI can be customized to change color based on RSI vertical direction (default = only RSI #1 changes color).
B) All 3 RSI's use a single Source (default Close).
C) You may customize the length of each RSI individually (I LOVE my default 14, 7, and 3!).
D) RSI #1 is the primary RSI, and is plotted LAST, so that it is drawn ABOVE RSI #2, which is drawn above RSI #3.
2) Horizontal Lines
A) Horizontal lines are also drawn automatically, so you don't have to, and they don't extend past the current bar.
B) There are 11 customizable lines, and each one is set to non-customizable increments (zero, 10, 20, 30, 40, fifty, 60, 70, 80, 90, hundred).
C) The 11 lines are divided into 2 groups:
a) 4 PAIRS of lines WITH fill options (10/90, 20/80, 30/70, 40/60... 8 lines total), and
b) 3 INDIVIDUAL lines WITHOUT fill options (zero, fifty, hundred).
D) The 4 fills give you the option to fill the space between each pair with a customizable color and opacity (the default is what I personally feel is best for each).
3) Conclusion
A) As with my previous indicators, this one maximizes information, discernment, clarity, and customization.
B) It is optimized for your ability to be able to customize a relatively basic but important indicator with ease
for use on your own personal television, laptop, or cellular phone screen setup... and on all chart zoom levels and layouts.
B) And, this being my 3rd script, please feel free to comment, critique, or leave suggestions. I find them helpful!
C) Check out my previous pine scripts if you like this one. They work well together.
D) I hope that you find this useful.
E) Enjoy!
//Durbtrade
RSI Divergence + MTF Table FinalInstitutional RSI Divergence & MTF Confluence Heatmap
Overview
The Institutional RSI Divergence & MTF Confluence Heatmap is a professional-grade analytical tool designed for high-precision traders. It combines Automated RSI Divergence Detection with a Multi-Timeframe (MTF) Heatmap Table, allowing you to monitor market momentum across 8 different timeframes (from 1-minute to 1-day) without ever switching charts.
Key Features
🔍 Automated Divergence Detection: Instantly identifies Regular Bullish and Bearish divergences on the RSI oscillator, marking them with clear "Bull" and "Bear" labels.
📊 MTF Heatmap Grid: A real-time monitoring table that tracks RSI values across: 1m, 5m, 15m, 30m, 1h, 4h, 12h, and 1D.
🎨 Dynamic "Institutional" Color Logic: The table uses a sophisticated color-coded system to highlight extreme exhaustion and momentum:
Ultra Overbought (RSI > 90): Bright Red (Extreme Reversal Zone).
Overbought (RSI > 80): Orange (High Momentum/Caution).
Oversold (RSI < 26): Lime Green (Potential Accumulation).
Neutral: Gray (Consolidation).
🛠️ Flexible Layout Engine: Toggle between Vertical or Horizontal layouts to fit your chart workspace perfectly.
🚀 Pine Script v6 Optimized: Built with the latest TradingView engine for ultra-fast performance and minimal lag.
Trading Strategy: The Power of Confluence
Cross-Timeframe Confirmation: The strongest reversals occur when multiple timeframes (e.g., 15m, 1h, and 4h) all turn Orange/Red or Lime simultaneously. This represents a massive momentum exhaustion.
Divergence Validation: Use the table to see if a detected "Bull" divergence on your current timeframe is backed by "Oversold" conditions on higher timeframes.
Institutional Sniping: Combined with Demand/Supply zones, this script helps you "snipe" entries at the exact moment market momentum peaks or bottoms out.
Settings & Customization
Toggle Compact Mode: Display a minimal version of the table for a cleaner interface.
Custom Thresholds: Modify RSI levels to suit your specific trading style (Scalping vs. Swing Trading).
Table Position: Move the heatmap to any corner of your screen (Top Right, Bottom Left, etc.).
How to Install
Copy the code into your Pine Editor.
Click Save and Add to Chart.
Use the Settings menu to adjust the layout and colors to your preference.
Suggested Tags
#RSI #Divergence #MTF #Heatmap #Institutional #PineScriptV6 #MultiTimeframe
RSI Divergence + MTF Table FinalThis is a professional, high-impact English description for your RSI Divergence + MTF Table Final script, designed to attract users on TradingView by highlighting its institutional-grade features.
Institutional RSI Divergence & MTF Confluence Heatmap
Overview
The Institutional RSI Divergence & MTF Confluence Heatmap is a professional-grade analytical tool designed for high-precision traders. It combines Automated RSI Divergence Detection with a Multi-Timeframe (MTF) Heatmap Table, allowing you to monitor market momentum across 8 different timeframes (from 1-minute to 1-day) without ever switching charts.
Key Features
🔍 Automated Divergence Detection: Instantly identifies Regular Bullish and Bearish divergences on the RSI oscillator, marking them with clear "Bull" and "Bear" labels.
📊 MTF Heatmap Grid: A real-time monitoring table that tracks RSI values across: 1m, 5m, 15m, 30m, 1h, 4h, 12h, and 1D.
🎨 Dynamic "Institutional" Color Logic: The table uses a sophisticated color-coded system to highlight extreme exhaustion and momentum:
Ultra Overbought (RSI > 90): Bright Red (Extreme Reversal Zone).
Overbought (RSI > 80): Orange (High Momentum/Caution).
Oversold (RSI < 26): Lime Green (Potential Accumulation).
Neutral: Gray (Consolidation).
🛠️ Flexible Layout Engine: Toggle between Vertical or Horizontal layouts to fit your chart workspace perfectly.
🚀 Pine Script v6 Optimized: Built with the latest TradingView engine for ultra-fast performance and minimal lag.
Trading Strategy: The Power of Confluence
Cross-Timeframe Confirmation: The strongest reversals occur when multiple timeframes (e.g., 15m, 1h, and 4h) all turn Orange/Red or Lime simultaneously. This represents a massive momentum exhaustion.
Divergence Validation: Use the table to see if a detected "Bull" divergence on your current timeframe is backed by "Oversold" conditions on higher timeframes.
Institutional Sniping: Combined with Demand/Supply zones, this script helps you "snipe" entries at the exact moment market momentum peaks or bottoms out.
Settings & Customization
Toggle Compact Mode: Display a minimal version of the table for a cleaner interface.
Custom Thresholds: Modify RSI levels to suit your specific trading style (Scalping vs. Swing Trading).
Table Position: Move the heatmap to any corner of your screen (Top Right, Bottom Left, etc.).
RSI Divergence + MTF Table + Price Wicks Lines - V2This script combines a classic RSI divergence indicator with a multi–timeframe RSI dashboard.
Main features:
Detects and plots:
Regular bullish & bearish RSI divergence
Hidden bullish & hidden bearish RSI divergence
Dynamic RSI line color:
Green in strong bullish zone
Red in strong bearish zone
Yellow in neutral zone
Standard RSI levels:
70 / 30 overbought–oversold
50 midline with highlighted band
MTF RSI table:
Compact RSI dashboard on the right side of the chart
Timeframes: 1m, 5m, 15m, 30m, 1h, 4h, 8h, 12h, 1D (each can be turned on/off)
Background color highlights extreme RSI:
Red / orange for overbought
Lime for oversold
This tool is designed to help traders quickly see divergence signals on the current chart while also monitoring RSI conditions across multiple timeframes in one place.
RSI Divergence Indicator (Fixed RSI Color + MTF Table)This script combines a classic RSI divergence indicator with a multi–timeframe RSI dashboard.
Main features:
Detects and plots:
Regular bullish & bearish RSI divergence
Hidden bullish & hidden bearish RSI divergence
Dynamic RSI line color:
Green in strong bullish zone
Red in strong bearish zone
Yellow in neutral zone
Standard RSI levels:
70 / 30 overbought–oversold
50 midline with highlighted band
MTF RSI table:
Compact RSI dashboard on the right side of the chart
Timeframes: 1m, 5m, 15m, 30m, 1h, 4h, 8h, 12h, 1D (each can be turned on/off)
Background color highlights extreme RSI:
Red / orange for overbought
Lime for oversold
This tool is designed to help traders quickly see divergence signals on the current chart while also monitoring RSI conditions across multiple timeframes in one place.
