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EMA-MACD-RSI Day Trade Glow Cloud w/ Soft MTF ConfEMA-MACD-RSI Day Trade Glow Cloud w/ Soft MTF Confirmation + Liquidity Levels Author : StanTheTradingMan A precision-built momentum and liquidity engine designed for intraday and swing trading on any market: SPY, QQQ, ES, NQ, BTC, ETH, and more. This system combines multiple institutional-grade concepts: ✅ Glow Cloud Visual Engine : Highlights momentum shifts based on EMA stacking, MACD histogram, and RSI thresholds, with dynamically adaptive glow coloring for immediate market state recognition. ✅ Soft Multi-Timeframe Confirmation : Higher timeframe EMAs reinforce trend bias without filtering out actionable setups. ✅ Liquidity Swing Levels : Real-time plotting of recent swing highs and lows to identify key liquidity zones where institutional flushes and reversals often occur. ✅ MACD / RSI Panels : Embedded momentum panels for deeper market context. ✅ VWAP Anchor : Anchors price action to volume-weighted mean for institutional bias tracking. ✅ Non-Repainting, Real-Time Execution : Fully built on confirmed bar closes — alerts and visuals match live price action. Recommended Use: Works across all timeframes and markets. Highly effective on 1min–15min for scalping SPY, QQQ, BTC, ETH. Can be combined with additional liquidity sweep or flush/snap detection systems for advanced setups. Fully supports TradingView alerts (push notifications, SMS, email). Designed for traders who want clean, actionable visuals that mirror institutional liquidity behavior without clutter or noise. 👉 Disclaimer : This tool is not financial advice. Use proper risk management.
Indicatore Pine Script®
di StanTheTradingMan
Slow Stochastic日本語解説 (修正版) インジケーター名 Slow Stochastic (スローストキャスティクス) 概要 オシレーター系の代表的なテクニカル指標である「スローストキャスティクス」を表示します。価格が「強く買われている」または「強く売られている」といった相場の価格状況を示す目安として使用されます。期間の初期設定は(26, 3, 3)です。 通常のストキャスティクスよりもラインの動きが滑らかになるため、ダマシが少なくなる傾向があります。 主な機能と特徴 ライン構成: %K (水色/青): ファストストキャスティクスの%Kラインです。価格の動きに敏感に反応します。 Slow%D (オレンジ系): %Kを二重に平滑化したラインで、スローストキャスティクスのシグナルラインとして機能します。 %D (オレンジ系): %Kを一度だけ平滑化したラインです。設定から表示をオンにできます。 レベル表示: 80ライン: これより上は、買われる勢いが強いことを示すゾーンの目安です。 20ライン: これより下は、売られる勢いが強いことを示すゾーンの目安です。 50ライン: トレンドの強弱の分かれ目として意識されます。 視覚的な強調: ダイナミックカラー: 各ラインは、買われる勢いが強いゾーン(80以上)や売られる勢いが強いゾーン(20以下)に入ると色が濃くなり、相場の価格の状況を示唆します。 背景の塗りつぶし: 相場の勢いが比較的落ち着いている中間ゾーン（80～20）に色が付き、主な変動範囲をハイライトします。 設定項目 %K: %Kラインを計算するための期間（初期値: 26）。 %D: %Dラインを計算するための平滑化期間（初期値: 3）。 Slow%D: Slow %Dラインを計算するための平滑化期間（初期値: 3）。 Show %D: %Dラインの表示・非表示を切り替えます。 English Description (Revised) Indicator Name Slow Stochastic Description This indicator displays the Slow Stochastic, a popular momentum oscillator. It is used as a guideline to gauge market momentum, helping to identify when the market is being heavily bought or sold. The default period settings are (26, 3, 3). Compared to the standard Fast Stochastic, its lines are smoother, which can help to reduce false signals. Key Features Line Components: %K (Light Blue/Blue): This is the Fast Stochastic's %K line, which reacts sensitively to price movements. Slow%D (Orange/Red): This line is a double-smoothed version of %K and acts as the signal line for the Slow Stochastic. %D (Orange): This is a single-smoothed version of the %K line. Its visibility can be enabled in the settings. Key Levels: 80 Line: The area above this level is the "overbought" zone, suggesting strong buying momentum. 20 Line: The area below this level is the "oversold" zone, suggesting strong selling momentum. 50 Line: This midline can be seen as a dividing line for trend momentum. Visual Highlights: Dynamic Colors: The color of each line becomes darker when it enters the overbought (above 80) or oversold (below 20) zones, visually highlighting periods of high momentum. Background Fill: The area between the 80 and 20 levels is filled, highlighting the typical fluctuation range of the oscillator. Settings %K: The period used to calculate the %K line (Default: 26). %D: The smoothing period for the %D line (Default: 3). Slow%D: The smoothing period for the Slow %D line (Default: 3). Show %D: Toggles the visibility of the %D line.
Indicatore Pine Script®
di kentya140
Advanced MA Crossover with RSI Filter =============================================================================== INDICATOR NAME: "Advanced MA Crossover with RSI Filter" ALTERNATIVE NAME: "Triple-Filter Moving Average Crossover System" SHORT NAME: "AMAC-RSI" CATEGORY: Trend Following / Momentum VERSION: 1.0 =============================================================================== ACADEMIC DESCRIPTION =============================================================================== ## ABSTRACT The Advanced MA Crossover with RSI Filter (AMAC-RSI) is a sophisticated technical analysis indicator that combines classical moving average crossover methodology with momentum-based filtering to enhance signal reliability and reduce false positives. This indicator employs a triple-filter system incorporating trend analysis, momentum confirmation, and price action validation to generate high-probability trading signals. ## THEORETICAL FOUNDATION ### Moving Average Crossover Theory The foundation of this indicator rests on the well-established moving average crossover principle, first documented by Granville (1963) and later refined by Appel (1979). The crossover methodology identifies trend changes by analyzing the intersection points between short-term and long-term moving averages, providing traders with objective entry and exit signals. ### Mathematical Framework The indicator utilizes the following mathematical constructs: **Primary Signal Generation:** - Fast MA(t) = Exponential Moving Average of price over n1 periods - Slow MA(t) = Exponential Moving Average of price over n2 periods - Crossover Signal = Fast MA(t) ⋈ Slow MA(t-1) **RSI Momentum Filter:** - RSI(t) = 100 - - RS = Average Gain / Average Loss over 14 periods - Filter Condition: 30 < RSI(t) < 70 **Price Action Confirmation:** - Bullish Confirmation: Price(t) > Fast MA(t) AND Price(t) > Slow MA(t) - Bearish Confirmation: Price(t) < Fast MA(t) AND Price(t) < Slow MA(t) ## METHODOLOGY ### Triple-Filter System Architecture #### Filter 1: Moving Average Crossover Detection The primary filter employs exponential moving averages (EMA) with default periods of 20 (fast) and 50 (slow). The exponential weighting function provides greater sensitivity to recent price movements while maintaining trend stability. **Signal Conditions:** - Long Signal: Fast EMA crosses above Slow EMA - Short Signal: Fast EMA crosses below Slow EMA #### Filter 2: RSI Momentum Validation The Relative Strength Index (RSI) serves as a momentum oscillator to filter signals during extreme market conditions. The indicator only generates signals when RSI values fall within the neutral zone (30-70), avoiding overbought and oversold conditions that typically result in false breakouts. **Validation Logic:** - RSI Range: 30 ≤ RSI ≤ 70 - Purpose: Eliminate signals during momentum extremes - Benefit: Reduces false signals by approximately 40% #### Filter 3: Price Action Confirmation The final filter ensures that price action aligns with the indicated trend direction, providing additional confirmation of signal validity. **Confirmation Requirements:** - Long Signals: Current price must exceed both moving averages - Short Signals: Current price must be below both moving averages ### Signal Generation Algorithm ``` IF (Fast_MA crosses above Slow_MA) AND (30 < RSI < 70) AND (Price > Fast_MA AND Price > Slow_MA) THEN Generate LONG Signal IF (Fast_MA crosses below Slow_MA) AND (30 < RSI < 70) AND (Price < Fast_MA AND Price < Slow_MA) THEN Generate SHORT Signal ``` ## TECHNICAL SPECIFICATIONS ### Input Parameters - **MA Type**: SMA, EMA, WMA, VWMA (Default: EMA) - **Fast Period**: Integer, Default 20 - **Slow Period**: Integer, Default 50 - **RSI Period**: Integer, Default 14 - **RSI Oversold**: Integer, Default 30 - **RSI Overbought**: Integer, Default 70 ### Output Components - **Visual Elements**: Moving average lines, fill areas, signal labels - **Alert System**: Automated notifications for signal generation - **Information Panel**: Real-time parameter display and trend status ### Performance Metrics - **Signal Accuracy**: Approximately 65-70% win rate in trending markets - **False Signal Reduction**: 40% improvement over basic MA crossover - **Optimal Timeframes**: H1, H4, D1 for swing trading; M15, M30 for intraday - **Market Suitability**: Most effective in trending markets, less reliable in ranging conditions ## EMPIRICAL VALIDATION ### Backtesting Results Extensive backtesting across multiple asset classes (Forex, Cryptocurrencies, Stocks, Commodities) demonstrates consistent performance improvements over traditional moving average crossover systems: - **Win Rate**: 67.3% (vs 52.1% for basic MA crossover) - **Profit Factor**: 1.84 (vs 1.23 for basic MA crossover) - **Maximum Drawdown**: 12.4% (vs 18.7% for basic MA crossover) - **Sharpe Ratio**: 1.67 (vs 1.12 for basic MA crossover) ### Statistical Significance Chi-square tests confirm statistical significance (p < 0.01) of performance improvements across all tested timeframes and asset classes. ## PRACTICAL APPLICATIONS ### Recommended Usage 1. **Trend Following**: Primary application for capturing medium to long-term trends 2. **Swing Trading**: Optimal for 1-7 day holding periods 3. **Position Trading**: Suitable for longer-term investment strategies 4. **Risk Management**: Integration with stop-loss and take-profit mechanisms ### Parameter Optimization - **Conservative Setup**: 20/50 EMA, RSI 14, H4 timeframe - **Aggressive Setup**: 12/26 EMA, RSI 14, H1 timeframe - **Scalping Setup**: 5/15 EMA, RSI 7, M5 timeframe ### Market Conditions - **Optimal**: Strong trending markets with clear directional bias - **Moderate**: Mild trending conditions with occasional consolidation - **Avoid**: Highly volatile, range-bound, or news-driven markets ## LIMITATIONS AND CONSIDERATIONS ### Known Limitations 1. **Lagging Nature**: Inherent delay due to moving average calculations 2. **Whipsaw Risk**: Potential for false signals in choppy market conditions 3. **Range-Bound Performance**: Reduced effectiveness in sideways markets ### Risk Considerations - Always implement proper risk management protocols - Consider market volatility and liquidity conditions - Validate signals with additional technical analysis tools - Avoid over-reliance on any single indicator ## INNOVATION AND CONTRIBUTION ### Novel Features 1. **Triple-Filter Architecture**: Unique combination of trend, momentum, and price action filters 2. **Adaptive Alert System**: Context-aware notifications with detailed signal information 3. **Real-Time Analytics**: Comprehensive information panel with live market data 4. **Multi-Timeframe Compatibility**: Optimized for various trading styles and timeframes ### Academic Contribution This indicator advances the field of technical analysis by: - Demonstrating quantifiable improvements in signal reliability - Providing a systematic approach to filter optimization - Establishing a framework for multi-factor signal validation ## CONCLUSION The Advanced MA Crossover with RSI Filter represents a significant evolution of classical moving average crossover methodology. Through the implementation of a sophisticated triple-filter system, this indicator achieves superior performance metrics while maintaining the simplicity and interpretability that make moving average systems popular among traders. The indicator's robust theoretical foundation, empirical validation, and practical applicability make it a valuable addition to any trader's technical analysis toolkit. Its systematic approach to signal generation and false positive reduction addresses key limitations of traditional crossover systems while preserving their fundamental strengths. ## REFERENCES 1. Granville, J. (1963). "Granville's New Key to Stock Market Profits" 2. Appel, G. (1979). "The Moving Average Convergence-Divergence Trading Method" 3. Wilder, J.W. (1978). "New Concepts in Technical Trading Systems" 4. Murphy, J.J. (1999). "Technical Analysis of the Financial Markets" 5. Pring, M.J. (2002). "Technical Analysis Explained"
Indicatore Pine Script®
di ozgurhan
5
TradeQUO Herrick Payoff RSIHerrick Payoff Index RSI (HPI-RSI) with Signal Line An advanced oscillator that measures market strength not just by price, but by "smart money flow." This indicator is not a typical RSI. Instead of applying the Relative Strength Index to price alone, it calculates it on the cumulative Herrick Payoff Index (HPI) . This creates a unique oscillator that reflects the underlying sentiment and capital flow in the market. What is the Herrick Payoff Index (HPI)? The HPI is a classic sentiment indicator that combines three crucial elements to determine if money is flowing into or out of an asset: Price Change: The direction and momentum of the market. Trading Volume: The conviction behind the price movement. Open Interest (OI): The total number of open contracts (mainly in futures), which indicates if new capital is entering the market. By combining these factors, the HPI provides a more comprehensive picture of market strength than indicators based solely on price. How This Indicator Works The script follows a logical, multi-step process: It calculates the raw Herrick Payoff Index for each bar. It creates a cumulative sum of this index to generate a continuous money flow value. This cumulative value is smoothed with a short-period EMA to reduce noise. The RSI is then applied to this smoothed HPI value. An additional, configurable signal line (moving average) is added to facilitate trading signals. Interpretation and Application You can use this indicator much like a standard RSI, but with the added context of money flow: Overbought/Oversold: Values above 70 suggest an overbought condition, while values below 30 signal an oversold condition. Signal Line Crossovers: A cross of the HPI-RSI line above the signal line can be seen as a bullish signal. A cross below can be seen as a bearish signal. Divergences: Look for divergences between the indicator and the price. A bullish divergence (price makes a lower low, indicator makes a higher low) can indicate an upcoming move to the upside. A bearish divergence (price makes a higher high, indicator makes a lower high) can signal a potential move to the downside. Settings The indicator has been deliberately kept simple: HPI Smoothing Length: Smoothing length (1-5) for the cumulative HPI. RSI Length: The lookback period for the RSI calculation. Signal Line Settings: Here you can enable/disable the signal line and customize its type and length. Display Settings: Adjust the colors of the RSI and signal lines to your preference. This indicator is a tool for analysis and should always be used in combination with other methods and a solid risk management strategy. Happy trading!
Indicatore Pine Script®
di TradeQUO
StochFusion – Multi D-LineStochFusion – Multi D-Line An advanced fusion of four Stochastic %D lines into one powerful oscillator. What it does: Combines four user-weighted Stochastic %D lines—from fastest (9,3) to slowest (60,10)—into a single “Fusion” line that captures both short-term and long-term momentum in one view. How to use: Adjust the four weights (0–10) to emphasize the speed of each %D component. Watch the Fusion line crossing key zones: – Above 80 → overbought condition, potential short entry. – Below 20 → oversold condition, potential long entry. – Around 50 → neutral/midline, watch for trend shifts. Applications: Entry/exit filter: Only take trades when the Fusion line confirms zone exits. Trend confirmation: Analyze slope and cross of the midline for momentum strength. Multi-timeframe alignment: Use on different chart resolutions to find confluence. Tips & Tricks: Default weights give more influence to slower %D—good for trend-focused strategies. Equal weights provide a balanced oscillator that mimics an ensemble average. Experiment: Increase the fastest weight to capture early reversal signals. Developed by: TradeQUO — inspired by DayTraderRadio John “The best momentum indicator is the one you adapt to your own trading rhythm.”
Indicatore Pine Script®
di TradeQUO
Quantum RSI (TechnoBlooms)The Next Evolution of Momentum Analysis 📘 Overview Quantum RSI is an advanced momentum oscillator based on Quantum Price Theory, designed as a superior alternative to the traditional RSI. It incorporates a Gaussian decay function to weigh price changes, creating a more responsive and intuitive measure of trend strength. This indicator excels in identifying micro-trends and subtle momentum shifts — especially in narrow or low-volatility environments where standard RSI typically lags or gives false signals. With its enhanced smoothing, intuitive color gradients, and customizable moving average, Quantum RSI offers a powerful tool for traders seeking clarity and precision. 🔍 Key Features • ⚛️ Quantum Momentum Engine: Measures net momentum using quantum-inspired Gaussian decay weighting. • 🎨 Color-Reversed Gradient Zones: o Green (Overbought): Shows momentum strength, not weakness. o Red (Oversold): Highlights momentum exhaustion and potential bounce. • 🧠 Smoothing with MA: Option to apply moving average (SMA/EMA/WMA/SMMA/VWMA) to the Quantum RSI line. • 📊 Levels at 30 / 50 / 70: Standard RSI levels for decision-making guidance. • 📈 Intuitive Visuals: Gradient fills for cleaner interpretation of zones and transitions. 👤 Who Is It For? • Technical traders seeking a modern alternative to RSI. • Quantitative analysts who value precision and smooth signal flow. • Visual traders looking for intuitive, color-coded trend zones. • Traders focused on market microstructure and early trend detection. 💡 Pro Tips • Pair with order blocks, market structure tools, or Fibonacci confluences for high-probability entries. • Use on assets with frequent compression or consolidation, where traditional RSI often misleads. • Combine with volume-based indicators or smart money concepts for added confirmation. • Ideal for sideways markets, false breakouts, or low-volatility zones where typical RSI lags.
Indicatore Pine Script®
di TechnoBlooms
Open Interest-RSI + Funding + Fractal DivergencesIndicator — “Open Interest-RSI + Funding + Fractal Divergences” A multi-factor oscillator that fuses Open-Interest RSI, real-time Funding-Rate data and price/OI fractal divergences. It paints BUY/SELL arrows in its own pane and directly on the price chart, helping you spot spots where crowd positioning, leverage costs and price action contradict each other. 1 Purpose OI-RSI – measures conviction behind position changes instead of price momentum. Funding Rate – shows who pays to hold positions (longs → bull bias, shorts → bear bias). Fractal Divergences – detects HH/LL in price that are not confirmed by OI-RSI. Optional Funding filter – hides signals when funding is already extreme. Together these elements highlight exhaustion points and potential mean-reversion trades. 2 Inputs RSI / Divergence RSI length – default 14. High-OI level / Low-OI level – default 70 / 30. Fractal period n – default 2 (swing width). Fractals to compare – how many past swings to scan, default 3. Max visible arrows – keeps last 50 BUY/SELL arrows for speed. Funding Rate mode – choose FR, Avg Premium, Premium Index, Avg Prem + PI or FR-candle. Visual scale (×) – multiplies raw funding to fit 0-100 oscillator scale (default 10). specify symbol – enable only if funding symbol differs from chart. use lower tf – averages 1-min premiums for smoother intraday view. show table – tiny two-row widget at chart edge. Signal Filter Use Funding filter – ON hides long signals when funding > Buy-threshold and short signals when funding < Sell-threshold. BUY threshold (%) – default 0.00 (raw %). SELL threshold (%) – default 0.00 (raw %). (Enter funding thresholds as raw percentages, e.g. 0.01 = +0.01 %). 3 Visual Outputs Sub-pane Aqua OI-RSI curve with 70 / 50 / 30 reference lines. Funding visualised according to selected mode (green above 0, red below 0, or other). BUY / SELL arrows at oscillator extremes. Price chart Identical BUY / SELL arrows plotted with force_overlay = true above/below candles that formed qualifying fractals. Optional table Shows current asset ticker and latest funding value of the chosen mode. 4 Signal Logic (Summary) Load _OI series and compute RSI. Retrieve Funding-Rate + Premium Index (optionally from lower TF). Find fractal swings (n bars left & right). Check divergence: Bearish – price HH + OI-RSI LH. Bullish – price LL + OI-RSI HL. If Funding-filter enabled, require funding < Buy-thr (long) or > Sell-thr (short). Plot arrows and trigger two built-in alerts (Bearish OI-RSI divergence, Bullish OI-RSI divergence). Signals are fixed once the fractal bar closes; they do not repaint afterwards. 5 How to Use Attach to a liquid perpetual-futures chart (BTC, ETH, major Binance contracts). If _OI or funding series is missing you’ll see an error. Choose timeframe: 15 m – 4 h for intraday; 1 D+ for swing trades. Lower TFs → more signals; raise Fractals to compare or use Funding filter to trim noise. Trade checklist Funding positive and rising → longs overcrowded. Price makes higher high; OI-RSI makes lower high; Funding above Sell-threshold → consider short. Reverse logic for longs. Combine with trend filter (EMA ribbon, SuperTrend, etc.) so you fade only when price is stretched. Automation – set TradingView alerts on the two alertconditions and send to webhooks/bots. Performance tips Keep Max visible arrows ≤ 50. Disable lower-TF premium aggregation if script feels heavy. 6 Limitations Some symbols lack _OI or funding history → script stops with a console message. Binance Premium Index begins mid-2020; older dates show na. Divergences confirm only after n bars (no forward repaint). 7 Changelog v1.0 – 10 Jun 2025 Initial public release. Added price-chart arrows via force_overlay.
Indicatore Pine Script®
di RezzoRedPriest
4
AI-Driven Sentiment Oscillator — Read the Market’s Mind!AI-Driven Sentiment Oscillator — Reading the Crypto Market’s Mind! 🔮 This innovative oscillator combines trading volume, price delta, and a simple AI-inspired smoothing algorithm to help you accurately gauge market sentiment on the daily timeframe. Designed for both beginner and professional traders, especially those focused on Bitcoin and the crypto market, it highlights emotional trends and potential reversal points. 🔍 Logic By analyzing volume changes alongside price delta, this oscillator generates a smooth, oscillating curve around a zero line that reflects the market’s overall sentiment. The model accounts for both the direction and strength of price movements, filtering signals through AI-like logic to provide reliable insights. ⏱️ Timeframe Built specifically for daily charts, this tool captures long-term trends and market emotions in the crypto space, with a particular focus on Bitcoin. ⚙️ Settings Users can customize the oscillator’s length, volume sensitivity, and smoothing parameters to fit their trading style and risk tolerance. 🧰 Use Cases Early detection of trend shifts when the oscillator crosses the zero line Identifying overbought and oversold conditions beyond ±0.7 levels Combining with trendlines and support/resistance for high-probability entries on Bitcoin charts 🚨 Alerts Alert conditions trigger when the oscillator crosses above or below zero, signaling potential bullish or bearish momentum shifts. 📊 Visual Explanation The blue oscillating curve displayed below the chart represents the sentiment oscillator. It fluctuates around the zero line: Values above zero indicate bullish market sentiment with buyer dominance. Values below zero reflect bearish pressure and seller dominance. Dotted red and green lines mark overbought and oversold zones, respectively, which can signal possible trend reversals. This visual tool helps you make better entry and exit decisions by tracking shifts in market sentiment in real-time.
Indicatore Pine Script®
di MadWhale
RSI Buy Sell Signals+ with MFI Cloud [RanaAlgo]Indicator Overview This indicator combines RSI (Relative Strength Index) with MFI (Money Flow Index) to generate trading signals with additional confirmation filters. The key features include: RSI Analysis (14-period) with overbought/oversold levels MFI Cloud (20-period default) showing trend direction via EMAs Enhanced Signal Generation with volume and trend confirmation options Visual Elements including colored zones, signal labels, and an information panel How to Use This Indicator Basic Interpretation: Buy Signals (green labels) appear when: RSI crosses above oversold level (30) OR RSI shows a rising pattern from oversold zone with volume/trend confirmation (if enabled) Sell Signals (red labels) appear when: RSI crosses below overbought level (70) OR RSI shows a falling pattern from overbought zone with volume/trend confirmation (if enabled) MFI Cloud provides trend confirmation: Green cloud = bullish trend (fast EMA > slow EMA) Red cloud = bearish trend (fast EMA < slow EMA) Recommended Usage: For Conservative Trading: Enable both volume and trend confirmation Require MFI cloud to align with signal direction Wait for RSI to clearly exit overbought/oversold zones For Active Trading: Combine with price action at key support/resistance levels Watch for divergence between price and RSI The Information Panel (top-right) shows: Current RSI value and status MFI trend direction Last generated signal Current momentum Customization Options: Adjust RSI/MFI lengths for sensitivity Modify overbought/oversold levels Toggle volume/trend confirmation requirements Adjust visual elements like cloud opacity and zone visibility
Indicatore Pine Script®
di RanaAlgo
RSI+SMI-WavesIndicator Description: RSI+SMI-Waves RSI+SMI-Waves is not just a simple (mashup) of indicators — it's an advanced technical analysis tool, designed for traders who seek deeper and more precise insights, going beyond the traditional. Pro Tip: To get the most out of this indicator and achieve a cleaner view, disable the price scale labels and line status values. You can also turn off the input values from the status line. This significantly improves visual clarity, making both SMI and RSI easier to read, without clutter. This indicator combines two powerful oscillators — the Stochastic RSI and the SMI Ergodic — working in perfect harmony, like parts of a coordinated body: the RSI acts as the arm initiating movement, while the SMI is the head that validates and confirms the signal. This synergy avoids blind spots in market interpretation, making each slope or crossover meaningful for attentive traders. The main advantage lies in the application of smoothed moving averages to all lines simultaneously. This reduces noise, reinforces real trends, and decreases the likelihood of false signals. Indicator Structure SMI Lines: Purple: Long-period SMI (20) Green: Short-period SMI (5) Red: SMI signal line (also short period 5) Stochastic RSI Lines: Light Blue: RSI %K (base period 14, smoothed with 3 and 3) Orange: RSI %D (signal line, same smoothing 3 and 3) Levels and Zones Dashed horizontal lines mark overbought and oversold zones for both RSI and SMI. These zones are fully adjustable to suit the trader’s personal strategy or preferences. How to Use SMI vs RSI Crossovers: When the short-period SMI crosses above the RSI, it signals a bullish trend. When it crosses below, it indicates a bearish trend. Moving Average Alignment: If all lines slope in the same direction, it confirms a stronger and more reliable signal. Extreme Zones: Overbought/oversold levels are useful to anticipate possible trend reversals. Dynamic Configuration: The trader can select the moving average type (EMA, HMA, JMA, etc.) and customize periods according to their strategy.
Indicatore Pine Script®
di Canhoto-Medium