Anmol's pivot - rsi - trendlines indicatorUse this indicator to detect pivots with favourable RSI and tendlines.
Relative Strength Index (RSI)
MACD RSI Strategy by BiegeThis strategy combines:
• MACD (Lagging Indicator): Confirms trend direction using moving averages.
• RSI (Leading Indicator): Identifies overbought/oversold conditions for potential reversal signals.
Entry Signal: When the MACD confirms a bullish trend (MACD line crosses above the signal line) and the RSI is oversold (below the defined threshold).
Exit Signal: Stop loss, take profit, or a bearish MACD crossover (MACD line crosses below the signal line).
This strategy emphasizes risk management through:
1. Balanced Indicators: Combining a leading and lagging indicator attempts to balance responsiveness and reliability.
2. Position Sizing: Limiting the percentage of capital used per trade controls potential losses on any single trade.
3. Cooldown Period: This helps prevent emotional trading and chasing losses.
4. Stop Loss Orders: Stop losses are crucial for limiting losses if a trade moves against your position.
This strategy is designed to perform best in markets with clear trends and moderate volatility. It's important to be aware of its limitations and avoid using it during:
• Earnings reports or major news events: Fundamental analysis is more appropriate in these situations.
• Extreme bear markets or extended periods of consolidation: MACD can lag significantly during sustained downtrends, and RSI can generate numerous false signals in choppy markets.
• Low-liquidity periods: Low liquidity can lead to slippage and wider spreads, which can negatively impact profitability.
By combining leading (RSI) and lagging (MACD) indicators and emphasizing risk management, this strategy aims to provide a relatively balanced and safer approach to trend following. However, no trading strategy can guarantee profits, and all trading involves risk. It's essential to understand the risks involved and to trade responsibly.
SlingShot with Multiple EMAs and RSIOriginal sling shot Code written by @TaPlot and edited by Ruchit for multiple ema and RSI and exit condition as per my need
hector mena Breakout Trading with ATR, RSI and MA CrossTitle: Breakout Trading Strategy with ATR, RSI, and Moving Average Cross
Description (English):
This script combines key technical indicators—ATR (Average True Range), RSI (Relative Strength Index), and Moving Averages—to provide a comprehensive breakout trading strategy. It is designed to help traders identify significant breakout levels and confirm signals with momentum and trend analysis.
How It Works:
ATR for Breakout Levels:
The ATR is used to calculate dynamic breakout levels by adjusting the highest resistance and lowest support levels with a customizable multiplier. This ensures that breakout levels adapt to market volatility.
RSI for Momentum Confirmation:
The RSI identifies overbought and oversold conditions, providing an additional layer of confirmation for breakouts. A breakout accompanied by an RSI signal can indicate stronger momentum.
Moving Average Cross for Trend Validation:
Two simple moving averages (short-term and long-term) are included to validate the trend. A crossover suggests a potential change in trend, aligning with breakout signals.
Why Combine These Indicators?
The ATR ensures breakout levels are realistic and volatility-adjusted.
The RSI avoids false signals by confirming if the price has momentum during a breakout.
Moving Average crossovers add trend-following confirmation, helping traders align with market direction.
The combination provides a robust framework to filter out false signals and improve the reliability of trading decisions.
Key Features:
Breakout Levels: Upper and lower breakout levels dynamically calculated using ATR.
RSI Confirmation: Visual overbought (70) and oversold (30) levels and RSI plot.
Trend Validation: Short and long-term moving averages plotted on the chart with crossover signals.
Visual Alerts: Clear "BUY" and "SELL" labels for actionable signals.
Custom Alerts: Configurable alerts for breakouts and moving average crossovers.
How to Use It:
Adjust the parameters (ATR length, multiplier, RSI length, and moving averages) based on your trading strategy.
Look for "BUY" signals when:
Price breaks above the resistance level, and RSI indicates oversold conditions.
Moving averages cross bullishly.
Look for "SELL" signals when:
Price breaks below the support level, and RSI indicates overbought conditions.
Moving averages cross bearishly.
Use alerts for automated notifications about potential trades.
Notes:
This script is intended for educational purposes. Use it alongside proper risk management techniques and backtesting.
Always test in demo mode before applying it to live trading.
ELITE QUADRO Stochastic RSI 4HQuadro Stochastic RSI 4H is for traders that wants to see signals from multiple timeframes.
It show 4H (1st StochRSI), 12H (2nd StochRSI), 1D (3rd StochRSI) and 1W (4th StochRSI).
Also gives BUY signal (when all lines are below 25)
and SELL signal (when all lines are above 75)
AIO EMA & RSI by buyukPATRONAIO EMA & RSI by buyukPATRON
Bu Pine Script™, EMA (Exponential Moving Average) ve RSI (Relative Strength Index) göstergelerini birleştirerek güçlü bir teknik analiz aracı sunar. Kod, hem trend takibi hem de momentum analizi için kapsamlı özelleştirme seçenekleri sağlar.
Özellikler:
1. EMA Göstergesi:
Kısa ve Uzun EMA'lar:
Kısa EMA'lar: 8, 13, 21 (Opsiyonel olarak etkinleştirilebilir).
Uzun EMA'lar: 144, 200, 233 (Opsiyonel olarak etkinleştirilebilir).
Kullanıcı Tanımlı EMA'lar:
9 farklı EMA periyodu, renkleri ve çizgi kalınlıkları kullanıcı tarafından özelleştirilebilir.
EMA Kesişim İşaretçileri:
Yukarı Kesişim: EMA1, EMA2'nin üzerine çıktığında yeşil üçgen.
Aşağı Kesişim: EMA1, EMA2'nin altına indiğinde kırmızı üçgen.
Arka Plan Vurgusu:
Fiyat EMA1'in üzerinde olduğunda arka plan vurgulanır.
2. RSI Göstergesi:
Gösterge Ayarları:
RSI periyodu ve veri kaynağı kullanıcı tarafından seçilebilir.
Hareketli Ortalama Seçenekleri:
SMA, EMA, WMA, VWMA, SMMA gibi çeşitli hareketli ortalamalar veya Bollinger Bantları kullanılabilir.
Bantlar ve Görselleştirme:
Aşırı Alım (70) ve Aşırı Satım (30) seviyeleri yatay çizgilerle belirtilir.
Orta bant (50) gösterilir.
RSI için Bollinger Bantları ve renk geçişli görselleştirme eklenmiştir.
Kullanım:
Bu script, fiyat hareketlerinin trend yönünü (EMA'lar aracılığıyla) ve momentumunu (RSI aracılığıyla) analiz etmek isteyen yatırımcılar için uygundur. Özelleştirme seçenekleri, farklı piyasa koşulları ve stratejiler için esneklik sağlar.
3 Different RSIs with Adjustable Timeframesyou can adjust it as per your choice. RSI monthly / Weekly and daily for long term,
and daily/hourly and 15 minutes for swing trading.
SignalSync Multi-Indicator TableThis indicator integrates multiple technical indicators, including EMA crossovers, RSI, MACD, Stochastic RSI, Williams %R, SuperTrend, and KST, all displayed in a dynamic table on your chart. This script provides a comprehensive view of various indicators, their values, conditions, and signals.
Here’s a brief breakdown :
1. Input Parameters: You allow users to set values for various technical indicators (e.g., RSI length, EMA periods, MACD settings, etc.) with adjustable defaults for different trading styles (short, medium, long-term).
2. Indicator Calculations: You calculate the values for indicators like RSI, MACD, Williams %R, Stochastic RSI, SuperTrend, and KST using user-defined settings.
3. EMA Crossover Logic: The script computes the difference between the short-term and long-term EMAs (9-21 and 20-50) and assigns buy/sell signals based on these crossovers.
4. KST Indicator: The script includes the KST (Know Sure Thing) indicator, calculating rate-of-change values and smoothing them with moving averages. It generates buy/sell signals when KST crosses its signal line.
5. VWAP: The script calculates the VWAP (Volume Weighted Average Price) to determine whether the price is above or below the VWAP, indicating bullish or bearish market sentiment.
6. Table Display: The script displays all the calculated values, conditions, signals, and parameters in a table that can be positioned anywhere on the chart.
Market Structure Break with RSIMrBishop specializes in market structure breaks and using RSI oscillator. What is classified as a market structure break is when a candle closes below the most recent swing high's bottom wick or when a candle closes above the most recent swing low's top wick. RSI oscillator is set to 60/40 with length of 10 and a SMA length of 10. I enter a long trade when RSI line is below the 50 mark and there is a market structure break. I enter a short trade when RSI is above the 50 mark and there is a market structure break.
Momentum Divergence TrackerThis Pine Script v6 component is designed to identify momentum divergences across multiple timeframes, allowing traders to spot potential trend reversals.
How it works:
Divergence Detection: The script identifies bullish and bearish divergences between price movements and momentum indicators (Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), Stochastic Oscillator). A divergence occurs when the price makes a lower low, but the indicator makes a higher low (Bullish Divergence) or makes a higher high, but the indicator makes a lower high (Bearish Divergence).
Multi-Timeframe Analysis: The script evaluates divergences across user-specified timeframes (e.g., 15m, 1h, 4h). The function uses request.security to access higher timeframes, ensuring alignment with the trader’s analysis preferences.
Volume-Based Filtering: Signals are validated using a high-volume filter, where current volume must exceed a multiplier of the 20-period moving average of volume.
Signal Aggregation: The results from multiple timeframes are combined into a single output - a bullish signal is triggered when any timeframe shows bullish divergence under high volume, and a bearish signal is triggered when any timeframe shows bearish divergence under high volume.
Visualization: Bullish divergences are plotted as green upward triangles below price bars and Bearish divergences are plotted as red downward triangles above price bars.
Inputs:
RSI Settings: RSI Length.
MACD Settings: MACD Fast Length, MACD Slow Length, MACD Signal Length.
Stochastic Settings: Stochastic Length, %K, %D.
Volume Multiplier: A filter that multiplies the average volume threshold.
Timeframes: Comma-separated list of timeframes for analysis (e.g., 15m, 1h, 4h).
Alerts:
Alerts can be triggered when Bullish Divergence or Bearish Divergence is detected.
Use Case:
Identify Reversals: Spot potential trend changes driven by momentum divergence.
Multi-Timeframe Analysis: Analyze divergences across various timeframes in one script.
Volume Confirmation: Ensure signals align with significant volume activity to increase reliability.
To use this component, add it to your TradingView chart. Customize the input parameters to fit your strategy and monitor the visualized divergences for potential trading opportunities.
RSI/MACD Momentum ScalperThe RSI/MACD Momentum Scalper is a technical analysis tool designed to identify market momentum and provide actionable buy, sell, and take-profit signals by combining the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicators. This script uses a color-coded candle system to visually highlight trend strength and direction, making it particularly useful for scalpers and short-term traders who seek clarity and precision.
How It Works
This indicator operates on two core momentum principles: the RSI and MACD. Here's a breakdown of how it combines these components to deliver unique insights:
Relative Strength Index (RSI):
Measures the strength of price movements on a scale from 0 to 100.
A bullish trend is identified when the RSI is above 50, indicating upward momentum.
A bearish trend is identified when the RSI is below 50, signaling downward momentum.
Moving Average Convergence Divergence (MACD):
Compares two moving averages (Fast and Slow) of the price to measure trend momentum.
Generates a bullish signal when the MACD line is above the Signal line.
Generates a bearish signal when the MACD line is below the Signal line.
The indicator allows the user to select the type of moving average (EMA, DEMA, or HMA) for further customization.
Combined Momentum Analysis:
Green candles (strong bullish signal) : When both the RSI is above 50 and the MACD line is above the Signal line.
Red candles (bearish signal): When both the RSI is below 50 and the MACD line is below the Signal line.
Light grey candles (neutral signal): When only one of the conditions is true, indicating indecisiveness in market momentum.
Buy/Sell Signals:
Buy Signal: Triggered when the conditions for a bullish trend are newly met (both RSI > 50 and MACD > Signal line).
Sell Signal: Triggered when the conditions for a bearish trend are newly met (both RSI < 50 and MACD < Signal line).
Take-Profit Signals (Optional):
Highlights opportunities to exit a trade when a trend reverses:
Take-profit bullish: When a bullish trend ends.
Take-profit bearish: When a bearish trend ends.
How to Use the Indicator
Customization Options:
Trend Timeframe: Set a specific timeframe for trend analysis (e.g., 1h, 4h, 1D).
RSI Settings: Adjust the RSI length to match your trading strategy.
MACD Settings: Customize the Fast, Slow, and Signal lengths to suit market conditions.
Moving Average Type: Choose between EMA, DEMA, or HMA for the MACD calculation.
Colors: Select the colors for bullish, bearish, and neutral candles to match your preferences.
Signals and Visualization:
Enable or disable Buy/Sell Signals and Take-Profit Signals through the settings.
Use the color-coded candles to quickly assess trend direction and momentum strength:
Green: Strong upward momentum.
Red: Strong downward momentum.
Light Grey: Neutral or indecisive market.
The plotted buy (triangle up) and sell (triangle down) signals assist in identifying entry points, while take-profit (square) signals help secure gains during trend reversals.
What Makes It Unique
Integrated Approach: Combines two of the most widely-used momentum indicators (RSI and MACD) into a single tool, offering a clear, cohesive analysis of market trends.
Candle-Based Visualization: Changes the candle colors to reflect momentum, eliminating the need to constantly check separate indicator panels.
Customizability: Provides advanced options such as timeframe selection, MA type, and user-defined settings for RSI and MACD lengths, making it adaptable to different trading strategies.
Signal Precision: Goes beyond traditional RSI and MACD by offering precise buy, sell, and take-profit signals based on combined momentum logic.
Ease of Use: Tailored for both beginner and experienced traders by providing simple visual cues (candle colors and plot shapes) while retaining the depth of advanced settings.
The RSI/MACD Momentum Scalper is particularly beneficial for scalpers and intraday traders looking for a dynamic, easy-to-read tool that minimizes noise while focusing on high-probability trade opportunities.
Multi-Timeframe Confluence IndicatorThe Multi-Timeframe Confluence Indicator strategically combines multiple timeframes with technical tools like EMA and RSI to provide robust, high-probability trading signals. This combination is grounded in the principles of technical analysis and market behavior, tailored for traders across all styles—whether intraday, swing, or positional.
1. The Power of Multi-Timeframe Confluence
Markets are influenced by participants operating on different time horizons:
• Intraday traders act on short-term price fluctuations.
• Swing traders focus on intermediate trends lasting days or weeks.
• Position traders aim to capture multi-month or long-term trends.
By aligning signals from a higher timeframe (macro trend) with a lower timeframe (micro trend), the indicator ensures that short-term entries are in harmony with the broader market direction. This multi-timeframe approach significantly reduces false signals caused by temporary market noise or counter-trend moves.
Example: A bullish trend on the daily chart (higher timeframe) combined with a bullish RSI and EMA alignment on the 15-minute chart (lower timeframe) provides a stronger confirmation than relying on the 15-minute chart alone.
2. Why EMA and RSI Are Essential
Each element of the indicator serves a unique role in ensuring accuracy and reliability:
• EMA (Exponential Moving Average):
• A dynamic trend filter that adjusts quickly to price changes.
• On the higher timeframe, it establishes the overall trend direction (e.g., bullish or bearish).
• On the lower timeframe, it identifies precise entry/exit zones within the trend.
• RSI (Relative Strength Index):
• Adds a momentum-based perspective, confirming whether a trend is backed by strong buying or selling pressure.
• Ensures that signals occur in areas of strength (RSI > 55 for bullish signals, RSI < 45 for bearish signals), filtering out weak or uncertain price movements.
By combining EMA (trend) and RSI (momentum), the indicator delivers confluence-based validation, where both trend and momentum align, making signals more reliable.
3. Cooldown Period for Signal Optimization
Trading in choppy or sideways markets often leads to overtrading and false signals. The cooldown period ensures that once a signal is generated, subsequent signals are suppressed for a defined number of bars. This prevents traders from entering low-probability trades during indecisive market phases, improving overall signal quality.
Example: After a bullish confluence signal, the cooldown period prevents a bearish signal from being triggered prematurely if the market enters a temporary retracement.
4. Use Cases Across Trading Styles
This indicator caters to various trading styles, each benefiting from the confluence of timeframes and technical elements:
• Intraday Trading:
• Use a 1-hour chart as the higher timeframe and a 5-minute chart as the lower timeframe.
• Benefit: Align intraday entries with the hourly trend for higher win rates.
• Swing Trading:
• Use a daily chart as the higher timeframe and a 1-hour chart as the lower timeframe.
• Benefit: Capture multi-day moves while avoiding counter-trend entries.
• Scalping:
• Use a 30-minute chart as the higher timeframe and a 1-minute chart as the lower timeframe.
• Benefit: Enhance scalping efficiency by ensuring short-term trades align with broader intraday trends.
• Position Trading:
• Use a weekly chart as the higher timeframe and a daily chart as the lower timeframe.
• Benefit: Time long-term entries more precisely, maximizing profit potential.
5. Robustness Through Customization
The indicator allows traders to customize:
• Timeframes for higher and lower analysis.
• EMA lengths for trend filtering.
• RSI settings for momentum confirmation.
• Cooldown periods to adapt to market volatility.
This flexibility ensures that the indicator can be tailored to suit individual trading preferences, market conditions, and asset classes, making it a comprehensive tool for any trading strategy.
Why This Mashup Stands Out
The Multi-Timeframe Confluence Indicator is more than a sum of its parts. It leverages:
• EMA’s ability to identify trends, combined with RSI’s insight into momentum, ensuring each signal is well-supported.
• A multi-timeframe perspective that incorporates both macro and micro trends, filtering out noise and improving reliability.
• A cooldown mechanism that prevents overtrading, a common pitfall for traders in volatile markets.
This integration results in a powerful, adaptable indicator that provides actionable, high-confidence signals, reducing uncertainty and enhancing trading performance across all styles.
Waldo RSI :oWaldo RSI :o Indicator Guide
The Waldo RSI :o indicator is designed to complement the "Waldo RSI Overlay :o" by providing an RSI-based analysis on TradingView, focusing on macro shifts in market trends. Here's a comprehensive guide on how to use this indicator:
Key Features:
RSI Settings:
RSI Source: Choose from ON RSI, ON HIGH, ON LOW, ON CLOSE, or ON OPEN to determine how RSI calculates pivots.
RSI Settings:
Source: Default is (H+L)/2, but you can select any price for RSI calculation.
Length: Default RSI length is 7, which can be adjusted for sensitivity.
Trend Lines:
Show Trend Lines: Option to display trend lines based on RSI pivot points.
Zigzag Length: Determines pivot point sensitivity.
Confirm Length: Validates pivot points (default is 3).
Colors: Customize colors for Higher Highs (HH), Lower Highs (LH), Higher Lows (HL), and Lower Lows (LL) on the RSI.
Label Size and Line Width: Adjust the appearance of labels and lines.
Divergences:
Classic Divergences:
Show Classic Div: Toggle to reveal divergences where RSI and price move in opposite directions.
Colors: Set different colors for bullish and bearish divergence indicators.
Transparency and Line Width: Control the visual impact of divergence signals.
Hidden Divergences:
Similar settings for identifying hidden divergences, suggest trend continuation.
Breakout/Breakdown:
Show Breakout/Breakdown: Generates signals for RSI breakouts or breakdowns, used by "Waldo RSI Overlay :o" for visual chart signals.
Overbought/Oversold Zones:
Show Overbought and OverSold Zones: Highlights when RSI goes above 70 (overbought) or below 30 (oversold).
Moving Averages on RSI:
The default Moving Average (MA) settings are tailored to capture macro shifts in market trends:
Show Moving Averages: Option to overlay two MAs on the RSI for trend confirmation:
Fast RSI MA:
RSI Period: 50 (this is the period over which the RSI is calculated).
MA Length: 50 (the number of periods used for the moving average of the RSI).
Slow RSI MA:
RSI Period: 50 (same as fast for consistency in RSI calculation).
MA Length: 200 (longer term for capturing broader trends).
Crossover Signals: The RSI changes color from red to green based on these moving average crossovers:
When the Fast MA (50 period) crosses above the Slow MA (200 period), the RSI turns green, indicating potential bullish conditions or momentum shift.
Conversely, when the Fast MA crosses below the Slow MA, the RSI turns red, suggesting bearish conditions or a shift back towards a downtrend.
This 50-period RSI crossover setting is used to identify overall macro shifts in the market, providing a clear visual cue for traders looking at longer-term trends.
Ghost Lines (Optional):
Ghost Lines: Option to limit how far RSI trend lines extend, helping to keep the chart less cluttered.
How to Use the Indicator:
Setup:
Configure RSI by choosing the source and setting the length to match your trading style.
Set the zigzag and confirm lengths for appropriate pivot detection.
Trend Analysis:
Monitor the RSI for trend changes using the colored trend lines and labels.
Divergence Detection:
Look for RSI and price divergences to anticipate potential reversals or continuations.
Breakout/Breakdown:
Use these signals in conjunction with "Waldo RSI Overlay :o" for price action confirmation.
Overbought/Oversold:
Identify when the market might be due for a correction or continued momentum.
Moving Averages:
Focus on the color changes in RSI to understand macro trend shifts with the default 50/200 period setup.
Ghost Lines:
Enable for a cleaner chart if you don't need trend lines extending indefinitely.
Usage Tips:
Combine with other indicators for confirmation, as no single tool is foolproof.
Adjust settings to suit different market conditions or trading timeframes.
Use in tandem with "Waldo RSI Overlay :o" for a full trading signal system.
Remember, trading involves significant risk, and historical data does not guarantee future performance. Use this indicator as part of a broader trading strategy.
Waldo RSI Overlay :oWaldo RSI Overlay :o Indicator Guide
Welcome to the guide for the Waldo RSI Overlay :o indicator on TradingView. This tool enhances your trading analysis through RSI-based overlays for trend analysis, divergence detection, and breakout/breakdown signals when used with its companion indicator, Waldo RSI :o.
Key Features:
RSI Overlay:
• RSI Source: Choose from:
o ON RSI: Uses the RSI values directly to detect pivots, focusing on RSI highs and lows for trend analysis.
o ON HIGH, ON CLOSE, ON LOW, ON OPEN:
These options base pivot detection on price action at those specific points, offering an alternative market structure view.
• RSI Settings:
o Source: Default is (H+L)/2, but you can select any price for RSI calculation.
o Length: Default RSI length is 7, which you can adjust for sensitivity.
Trend Lines:
• Show Trend Lines: Toggle to display trend lines based on pivot points.
• Zigzag Length: Sets the sensitivity of pivot point detection.
• Confirm Length: Ensures the validity of pivot points (default is 3).
• Colors: Customize colors for Higher Highs (HH), Lower Highs (LH), Higher Lows (HL), and Lower Lows (LL).
• Transparency and Line Width: Control how trend lines and fills appear.
• Label Size: Adjust the size of labels identifying pivot points.
Divergences:
• Classic Divergences:
o Show Classic Div: Enable to highlight regular divergences where price and RSI move in opposite directions.
o Colors: Define colors for bullish and bearish divergence lines and labels.
o Transparency and Line Width: Adjust the visual impact of divergence signals.
• Hidden Divergences:
o Similar settings as classic, but these highlight divergences indicating trend continuation.
Breakout/Breakdown:
• Show Breakout/Breakdown: When activated, this feature signals when the price breaks through previous highs or lows. To activate these breakouts, you need the companion indicator Waldo RSI :o, select the SRC in the External section, and select the crossovers for each one.
This combination provides RSI confirmation for breakout/breakdown events.
Overbought/Oversold Zones:
• Show Overbought and Oversold Zones: Bars are colored when RSI exceeds 70 (purple) or falls below 30 (blue), indicating potential market extremes.
Moving Averages (Optional):
• Show Moving Averages: Option to overlay two moving averages for trend confirmation.
• Source, Type, Length: Customize each MA's configuration.
Ghost Lines (Optional):
• Ghost Lines: When enabled, trend lines extend for only a specified period (Ghost Length) instead of indefinitely.
How to Use the Indicator:
1. Setup:
o Configure RSI settings by choosing the RSI Source and adjusting the RSI Length to suit your trading style.
o Set the Zigzag Length and Confirm Length for trend line sensitivity based on market volatility.
2. Trend Analysis:
o Look at the colored horizontal lines and fills for HH, LH, HL, LL to discern market structure and potential reversal points.
3. Divergence Detection:
o Identify divergences where price and RSI diverge. Regular divergences might signal trend exhaustion, while hidden ones could indicate trend persistence.
4. Breakout/Breakdown Signals:
o Ensure you have both the Waldo RSI Overlay :o and Waldo RSI :o indicators applied. Green triangles below bars signal breakouts; red ones above indicate breakdowns, based on price movement with RSI confirmation from the companion indicator.
5. Overbought/Oversold:
o Use these colored zones to spot potential momentum shifts or reversal areas.
6. Moving Averages on RSI:
o If used, these can help confirm trends or identify crossover signals for additional trade confirmation.
7. Ghost Lines:
o For a less cluttered chart, enable this to limit how far trend lines extend.
Tips for Usage:
• Always combine this indicator with other analytical tools for better confirmation. No single indicator should guide all decisions.
• Adjust settings according to the asset's behavior and your trading timeframe.
• Regularly review your settings as market dynamics change.
Remember, trading involves risk, and past performance doesn't predict future outcomes. Use this indicator within a comprehensive trading strategy.
RSI MACD Combined Color StrategyOverview
This indicator combines RSI and MACD signals to create a powerful visual trading system, inspired by TrendSpider's AI Strategy Coder examples. It colors candles based on the alignment of three key technical conditions, providing clear visual signals for potential trend strength and direction.
Technical Components
Core Conditions
RSI (Relative Strength Index) > 50
Indicates bullish momentum when price is trading above the centerline
Traditional indicator of trend strength
MACD Line > Signal Line
Shows positive momentum
Classic signal for potential upward movement
MACD Line > 0
Confirms bullish territory
Indicates overall positive momentum
Color Coding System
🟢 Green Candles: All three conditions are met
Strongest bullish signal
Suggests high probability trading opportunities
⚪ Grey Candles: One or two conditions are met
Neutral or transitioning market
Suggests caution or waiting for stronger confirmation
🔴 Red Candles: No conditions are met
Bearish signal
Suggests potential downward pressure
How to Use This Indicator
For Entry Signals
Look for transitions from red or grey to green candles
Green candles suggest strong bullish alignment
Consider entering long positions when candles turn green
For Exit Signals
Watch for color transitions from green to grey or red
Consider taking profits when candles change from green to grey
Consider stop losses when candles turn red
Risk Management
Use color transitions as part of your broader strategy
Don't rely solely on color changes for trading decisions
Combine with other technical analysis tools and risk management practices
Customizable Parameters
RSI Length (default: 14)
MACD Fast Length (default: 12)
MACD Slow Length (default: 26)
MACD Signal Length (default: 9)
Best Practices
Use multiple timeframes for confirmation
Look for confluences with support/resistance levels
Consider volume and market context
Start with default settings and adjust based on your trading style
Backtest different parameter combinations
Notes
This indicator works best in trending markets
Grey candles can indicate transition periods
Consider market conditions and volatility when interpreting signals
Credits
Inspired by TrendSpider's AI Strategy Coder examples and adapted for TradingView using Pine Script v5.
Disclaimer
This technical indicator is for informational purposes only. Always conduct your own analysis and consider risk management principles before making trading decisions. Past performance does not guarantee future results.
PV's Dual RSI Crossover StrategyIntroduction to the Dual RSI Two-Cross Indicator
The Relative Strength Index (RSI) is a widely used technical indicator in finance that measures the magnitude of recent price changes to determine overbought or oversold conditions. The RSI Two-Cross indicator takes this concept a step further by introducing a unique twist: it plots two RSI lines with different lengths and generates alerts based on their crossovers.
Key Features:
Dual RSI Lines: The indicator plots two RSI lines with user-defined lengths, allowing traders to compare the short-term and long-term momentum of an asset.
Crossover Alerts: The indicator generates alerts when the shorter RSI line crosses above or below the longer RSI line, indicating potential trend reversals or continuations.
Customizable Parameters: Users can adjust the lengths of the RSI lines, oversold and overbought levels, and other parameters to suit their trading strategy and asset of choice.
Visual Aids: The indicator features colored bars and backgrounds to highlight crossover events, making it easy to identify trading opportunities at a glance.
Trading Applications:
Trend Reversal Detection: The RSI Two-Cross indicator can help traders identify potential trend reversals by monitoring crossovers between the two RSI lines.
Momentum Confirmation: The indicator can be used to confirm momentum shifts in an asset's price, helping traders to filter out false signals and make more informed trading decisions.
Scalping and Day Trading: The indicator's short-term focus makes it suitable for scalping and day trading strategies, where traders aim to capitalize on small price movements.
By combining the versatility of the RSI with the power of crossover analysis, the RSI Two-Cross indicator offers a unique perspective on market momentum and trend dynamics. Whether you're a seasoned trader or just starting out, this indicator can help you navigate the markets with greater confidence and precision.
RSI Volatility Suppression Zones [BigBeluga]RSI Volatility Suppression Zones is an advanced indicator that identifies periods of suppressed RSI volatility and visualizes these suppression zones on the main chart. It also highlights breakout dynamics, giving traders actionable insights into potential market momentum.
🔵 Key Features:
Detection of Suppression Zones:
Identifies periods where RSI volatility is suppressed and marks these zones on the main price chart.
Breakout Visualization:
When the price breaks above the suppression zone, the box turns aqua, and an upward label is drawn to indicate a bullish breakout.
If the price breaks below the zone, the box turns purple, and a downward label is drawn for a bearish breakout.
Breakouts accompanied by a "+" label represent strong moves caused by short-lived, tight zones, signaling significant momentum.
Wave Labels for Consolidation:
If the suppression zone remains unbroken, a "wave" label is displayed within the gray box, signifying continued price stability within the range.
Gradient Intensity Below RSI:
A gradient strip below the RSI line increases in intensity based on the duration of the suppressed RSI volatility period.
This visual aid helps traders gauge how extended the low volatility phase is.
🔵 Usage:
Identify Breakouts: Use color-coded boxes and labels to detect breakouts and their direction, confirming potential trend continuation or reversals.
Evaluate Market Momentum: Leverage "+" labels for strong breakout signals caused by short suppression phases, indicating significant market moves.
Monitor Price Consolidation: Observe gray boxes and wave labels to understand ongoing consolidation phases.
Analyze RSI Behavior: Utilize the gradient strip to measure the longevity of suppressed volatility phases and anticipate breakout potential.
RSI Volatility Suppression Zones provides a powerful visual representation of RSI volatility suppression, breakout signals, and price consolidation, making it a must-have tool for traders seeking to anticipate market movements effectively.
RShar Seasonal RSISeasonal RSI
This indicator, Seasonal RSI, is designed to enhance trading decisions by combining the **Relative Strength Index (RSI)** with insights derived from historical **seasonality patterns**. It not only calculates RSI but also overlays seasonality data for the current week of the year, providing traders with a more contextualized view of market conditions.
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### **Key Features**
#### 1. **Relative Strength Index (RSI) Calculation**
- The script calculates the RSI for a user-defined period (`RSI Length`), which is an oscillator used to measure the speed and magnitude of price changes.
- RSI values are plotted on the chart, helping traders identify **overbought** and **oversold** conditions.
- Thresholds for **Overbought** and **Oversold** levels are customizable, with default values of 70 and 30, respectively.
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#### 2. **Dynamic RSI Coloring Based on Seasonality**
- The color of the RSI line dynamically adjusts based on historical **win rates** for the current week of the year:
- **Bright Green** for win rates > 65%.
- **Green** for win rates between 50-65%.
- **Red** for win rates between 35-50%.
- **Dark Red** for win rates < 35%.
- This feature gives traders a quick visual cue about whether the historical performance of the current week tends to be bullish, neutral, or bearish.
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#### 3. **Overbought and Oversold Level Visualization**
- Overbought and oversold levels are displayed as dotted horizontal lines on the RSI chart.
- These levels act as visual guides for potential price reversals:
- **Overbought (default 70)**: Indicates potential selling pressure.
- **Oversold (default 30)**: Indicates potential buying pressure.
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#### 4. **Seasonality Data Integration**
- Historical **seasonality data** is used to analyze price performance patterns for each week of the year:
- **Win Rate**: The percentage of years in which prices closed higher during the current week.
- **Average Weekly Change**: The average price percentage change during the current week over historical data.
- This data provides additional context to RSI readings, helping traders align their strategies with seasonal tendencies.
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#### 5. **Information Table Overlay**
- A table is displayed in the **top-right corner** of the chart, summarizing seasonality data for the current week:
- **Week Win Rate**: Displays the percentage of historical years where prices rose during this week.
- **Avg Weekly Change**: Shows the average percentage price change for the current week. Positive values are displayed in green, and negative values are shown in red.
- This overlay provides actionable insights without cluttering the chart.
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### **How It Works**
1. **Seasonality Data**:
- A function (`getSeasonalityForWeek`) fetches or uses predefined mock seasonality data for each week of the year.
- For each week, it calculates:
- The **Win Rate** (percentage of years with positive performance).
- The **Mean Change** (average price percentage change).
2. **RSI Plot**:
- The RSI line is plotted on the chart.
- The line's color is determined by the win rate for the current week, providing a visual representation of historical performance trends.
3. **Threshold Visualization**:
- Horizontal lines for overbought and oversold levels are drawn to assist in identifying potential reversal points.
4. **Information Table**:
- The table summarizes the current week's seasonality data for quick reference, helping traders make data-driven decisions.
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### **Use Cases**
- **Short-Term Traders**:
Use the dynamic RSI colors and seasonality table to align short-term trades with historical patterns of weekly performance.
- **Swing Traders**:
Identify whether a stock or market is in an overbought/oversold condition while considering the seasonal tendency for the week.
- **Contextual Decision-Making**:
Combine traditional RSI signals with historical data to reduce false signals and improve timing.
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### **Limitations**
- The script uses **mock seasonality data** in its default state. To make it fully functional, replace the mock data with actual historical performance metrics for your specific ticker or market.
- The indicator does not fetch real-time external data due to Pine Script’s limitations, so all seasonality data must be manually updated or hardcoded.
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This indicator provides a powerful way to combine technical analysis with historical trends, offering a unique edge to traders by adding seasonal context to RSI signals.
MA RSI MACD Signal SuiteThis Pine Script™ is designed for use in Trading View and generates trading signals based on moving average (MA) crossovers, RSI (Relative Strength Index) signals, and MACD (Moving Average Convergence Divergence) indicators. It provides visual markers on the chart and can be configured to suit various trading strategies.
1. Indicator Overview
The indicator includes signals for:
Moving Averages (MA): It tracks crossovers between different types of moving averages.
RSI: Signals based on RSI crossing certain levels or its signal line.
MACD: Buy and sell signals generated by MACD crossovers.
2. Inputs and Customization
Moving Averages (MAs):
You can customize up to 6 moving averages with different types, lengths, and colors.
MA Type: Choose from different types of moving averages:
SMA (Simple Moving Average)
EMA (Exponential Moving Average)
HMA (Hull Moving Average)
SMMA (RMA) (Smoothed Moving Average)
WMA (Weighted Moving Average)
VWMA (Volume Weighted Moving Average)
T3, DEMA, TEMA
Source: Select the price to base the MA on (e.g., close, open, high, low).
Length: Define the number of periods for each moving average.
Examples:
MA1: Exponential Moving Average (EMA) with a period of 9
MA2: Exponential Moving Average (EMA) with a period of 21
RSI Settings:
RSI is calculated based on a user-defined period and is used to identify potential overbought or oversold conditions.
RSI Length: Lookback period for RSI (default 14).
Overbought Level: Defines the overbought threshold for RSI (default 70).
Oversold Level: Defines the oversold threshold for RSI (default 30).
You can also adjust the smoothing for the RSI signal line and customize when to trigger buy and sell signals based on the RSI crossing these levels.
MACD Settings:
MACD is used for identifying changes in momentum and trends.
Fast Length: The period for the fast moving average (default 12).
Slow Length: The period for the slow moving average (default 26).
Signal Length: The period for the signal line (default 9).
Smoothing Method: Choose between SMA or EMA for both the MACD and the signal line.
3. Signal Logic
Moving Average (MA) Crossover Signals:
Crossover: A bullish signal is generated when a fast MA crosses above a slow MA.
Crossunder: A bearish signal is generated when a fast MA crosses below a slow MA.
The crossovers are plotted with distinct colors, and the chart will display markers for these crossover events.
RSI Signals:
Oversold Crossover: A bullish signal when RSI crosses over its signal line below the oversold level (30).
Overbought Crossunder: A bearish signal when RSI crosses under its signal line above the overbought level (70).
RSI signals are divided into:
Aggressive (Early) Entries: Signals when RSI is crossing the oversold/overbought levels.
Conservative Entries: Signals when RSI confirms a reversal after crossing these levels.
MACD Signals:
Buy Signal: Generated when the MACD line crosses above the signal line (bullish crossover).
Sell Signal: Generated when the MACD line crosses below the signal line (bearish crossunder).
Additionally, the MACD histogram is used to identify momentum shifts:
Rising to Falling Histogram: Alerts when the MACD histogram switches from rising to falling.
Falling to Rising Histogram: Alerts when the MACD histogram switches from falling to rising.
4. Visuals and Alerts
Plotting:
The script plots the following on the price chart:
Moving Averages (MA): The selected MAs are plotted as lines.
Buy/Sell Shapes: Triangular markers are displayed for buy and sell signals generated by RSI and MACD.
Crossover and Crossunder Markers: Crosses are shown when two MAs crossover or crossunder.
Alerts:
Alerts can be configured based on the following conditions:
RSI Signals: Alerts for oversold or overbought crossover and crossunder events.
MACD Signals: Alerts for MACD line crossovers or momentum shifts in the MACD histogram.
Alerts are triggered when specific conditions are met, such as:
RSI crosses over or under the oversold/overbought levels.
MACD crosses the signal line.
Changes in the MACD histogram.
5. Example Usage
1. Trend Reversal Setup:
Buy Signal: Use the RSI oversold crossover and MACD bullish crossover to identify potential entry points in a downtrend.
Sell Signal: Use the RSI overbought crossunder and MACD bearish crossunder to identify potential exit points or short entries in an uptrend.
2. Momentum Strategy:
Combine MACD and RSI signals to identify the strength of a trend. Use MACD histogram analysis and RSI levels for confirmation.
3. Moving Average Crossover Strategy:
Focus on specific MA crossovers, such as the 9-period EMA crossing above the 21-period EMA, for buy signals. When a longer-term MA (e.g., 50-period) crosses a shorter-term MA, it may indicate a strong trend change.
6. Alerts Conditions
The script includes several alert conditions, which can be triggered and customized based on the user’s preferences:
RSI Oversold Crossover: Alerts when RSI crosses over the signal line below the oversold level (30).
RSI Overbought Crossunder: Alerts when RSI crosses under the signal line above the overbought level (70).
MACD Buy/Sell Crossover: Alerts when the MACD line crosses the signal line for a buy or sell signal.
7. Conclusion
This script is highly customizable and can be adjusted to suit different trading strategies. By combining MAs, RSI, and MACD, traders can gain multiple perspectives on the market, enhancing their ability to identify potential buy and sell opportunities.
4x Stochastic and 1x RSI Buy and Sell SignalsBuy signal (green), when Stochastic 9, 14, 40 and 60 are bellow 20.
Sell signal (red), when Stochastic 9, 14, 40 and 60 are above 80.
Buy signal is larger, when RSI is also bellow 30.
Sell signal is larger, when RSI is also above 70.
Using RSI is optional and can be disabled.
Use this signals when confirmed by another indicators, like support and resistance levels, EMAs and fundamental analysis.
MTF RSI CandlesThis Pine Script indicator is designed to provide a visual representation of Relative Strength Index (RSI) values across multiple timeframes. It enhances traditional candlestick charts by color-coding candles based on RSI levels, offering a clearer picture of overbought, oversold, and sideways market conditions. Additionally, it displays a hoverable table with RSI values for multiple predefined timeframes.
Key Features
1. Candle Coloring Based on RSI Levels:
Candles are color-coded based on predefined RSI ranges for easy interpretation of market conditions.
RSI Levels:
75-100: Strongest Overbought (Green)
65-75: Stronger Overbought (Dark Green)
55-65: Overbought (Teal)
45-55: Sideways (Gray)
35-45: Oversold (Light Red)
25-35: Stronger Oversold (Dark Red)
0-25: Strongest Oversold (Bright Red)
2. Multi-Timeframe RSI Table:
Displays RSI values for the following timeframes:
1 Min, 2 Min, 3 Min, 4 Min, 5 Min
10 Min, 15 Min, 30 Min, 1 Hour, 1 Day, 1 Week
Helps traders identify RSI trends across different time horizons.
3. Hoverable RSI Values:
Displays the RSI value of any candle when hovering over it, providing additional insights for analysis.
Inputs
1. RSI Length:
Default: 14
Determines the calculation period for the RSI indicator.
2. RSI Levels:
Configurable thresholds for RSI zones:
75-100: Strongest Overbought
65-75: Stronger Overbought
55-65: Overbought
45-55: Sideways
35-45: Oversold
25-35: Stronger Oversold
0-25: Strongest Oversold
How It Works:
1. RSI Calculation:
The RSI is calculated for the current timeframe using the input RSI Length.
It is also computed for 11 additional predefined timeframes using request.security.
2. Candle Coloring:
Candles are colored based on their RSI values and the specified RSI levels.
3. Hoverable RSI Values:
Each candle displays its RSI value when hovered over, via a dynamically created label.
Multi-Timeframe Table:
A table at the bottom-left of the chart displays RSI values for all predefined timeframes, making it easy to compare trends.
Usage:
1. Trend Identification:
Use candle colors to quickly assess market conditions (overbought, oversold, or sideways).
2. Timeframe Analysis:
Compare RSI values across different timeframes to determine long-term and short-term momentum.
3. Signal Confirmation:
Combine RSI signals with other indicators or patterns for higher-confidence trades.
Best Practices
Use this indicator in conjunction with volume analysis, support/resistance levels, or trendline strategies for better results.
Customize RSI levels and timeframes based on your trading strategy or market conditions.
Limitations
RSI is a lagging indicator and may not always predict immediate market reversals.
Multi-timeframe analysis can lead to conflicting signals; consider your trading horizon.
Red Pill VWAP/RSI DivergenceI created this indicator to identify moments in time VWAP and RSI are diverging.
Ideally useful in strong trend, bullish or bearish, as a potential entry point on a pull back for continuation. Not to be used as a stand alone signal, but rather in conjunction with any possible trend/momentum strategy.
VWAP is identified as the blue line. Green label(blue pill) is your potential entry on a pull back when price is above, stacked EMAS & VWAP for a long position. Red label(red pill) is your potential entry on a pull back when price is below inversely stacked EMAS & VWAP for a short position. These are the 2 ideal scenarios I have found. Please back test for yourself
I have had great results but must emphasis this is not a stand alone buy/sell. I use it in confluence to add conviction to my current A+ setups.
***Pivot ribbon in chart created by Saty Mahajan set to 3/10 time warp works ideal in conjunction.
***please note false positive and false negative signals can occur, particularly in chop
I hope you find this helpful . TRADE SAFE!
