MACD of RSI [TORYS]

17 mag

MACD of RSI [TORYS] — Momentum & Divergence Scanner

Description:

This enhanced oscillator applies MACD logic directly to the Relative Strength Index (RSI) rather than price, giving traders a clearer look at internal momentum and early shifts in trend strength. Now featuring a custom histogram, dual MA types, and RSI-based divergence detection — it’s a complete toolkit for identifying exhaustion, acceleration, and hidden reversal points in real time.

How It Works:

Calculates the MACD line as the difference between a fast and slow moving average of RSI. Adds a Signal Line (MA of the MACD) and plots a Histogram to show momentum acceleration/deceleration. Both RSI MAs and the Signal Line can be toggled between EMA and SMA for custom tuning.

Divergence Detection:

• Bullish Divergence: Price makes a lower low while RSI makes a higher low → labeled with a green “D” below the curve.
  
• Bearish Divergence: Price makes a higher high while RSI makes a lower high → labeled with a red “D” above the curve.
  

Configurable lookback window for tuning sensitivity to pivots, with 4 as the sweet spot.

RSI Pivot Dot Signals:

• Plots green dots at RSI oversold pivot lows below 30,
  
• Plots red dots at overbought pivot highs above 70.
  

Helps detect short-term exhaustion or bounce zones, plotted right on the MACD-RSI curve.

RSI 50 Crosses (Optional):

Optional ▲ and ▼ labels when RSI crosses its 50 midline — useful for momentum trend shifts or pullback confirmation, or to detect consolidation.

Histogram:

Plotted as a column chart showing the distance between MACD and Signal Line.

Colored dynamically:

• Bright green: Momentum rising above zero
  
• Light green: Weakening above zero
  
• Bright red: Momentum falling below zero
  
• Light red: Weakening below zero
  

The zero line serves as the mid-point:

• Above = Bullish Bias
  
• Below = Bearish Bias
  

How to Interpret:

Momentum Confirmation:

Use MACD cross above Signal Line with a rising histogram to confirm breakouts or trend entries.

Histogram shrinking near zero = momentum weakening → caution or reversal.

Exhaustion & Reversals:

Dot signals near RSI extremes + histogram peak can suggest overbought/oversold pressure.

Use divergence labels ("D") to spot early reversal signals before price breaks structure.

Inputs & Settings:

• RSI Length
  
• Fast/Slow MA Lengths for MACD (applied to RSI)
  
• Signal Line Length
  
• MA Type: Choose between EMA and SMA for MACD and Signal Line
  
• Pivot Sensitivity for dot markers
  
• Divergence Logic Toggle
  
• Show/hide RSI 50 Crosses
  

Best For:

• Traders who want momentum insight from inside RSI, not price
  
• Scalpers using divergence or exhaustion entries
  
• Swing traders seeking entry confirmation from signal crossovers
  
• Anyone using multi-timeframe confluence with RSI and trend filters
  

Pro Tips:

Combine this with:

• Bollinger Bands breakouts and reversals
  
• VWAP or EMAs to filter entries by trend
  
• Volume spikes or BBW squeezes for volatility confirmation
  
• TTM Scalper Alert to sync structure and momentum
  

19 mag

Note di rilascio

In this version:

• Removing RSI 50 crossing.
  
• Correcting the divergence logic.
  
• Adding reversal signals.
  

19 mag

Note di rilascio

In this version:

• Removing RSI 50 crossing.
  
• Correcting the divergence logic.
  
• Adding reversal signals.
  

23 mag

Note di rilascio

Adding crossover alerts when internal RSI crosses 50, confirmed with MACD histogram slope or MACD line crossing or already above its signal, for breakouts entry points.

23 mag

Note di rilascio

Grouping settings