Inizia

Relative Strength Index (RSI)

Nimu Market on DemandNimu Market On Demand is an innovative tool designed to provide a visual representation of market demand levels on a scale of 1 to 100. This scale is displayed at specific intervals , making it easy for users to understand market demand fluctuations in real time. To enhance analysis, Nimu Market On Demand also incorporates the Relative Strength Index (RSI) with key thresholds at . RSI is a widely-used technical indicator that measures market strength and momentum, offering insights into overbought (excessive buying) or oversold (excessive selling) conditions. The combination of the Demand graph and RSI enables users to: Identify the right time to buy when the RSI falls below 30, signaling an oversold condition. Determine the optimal time to sell when the RSI rises above 70, indicating an overbought condition. With an integrated visualization, users can effortlessly observe demand patterns and combine them with RSI signals to make smarter and more strategic trading decisions. This tool is designed to help traders and investors maximize opportunities in a dynamic market environment.
Indicatore Pine Script®
di jahjae
Sunil High-Frequency Strategy with Simple MACD & RSISunil High-Frequency Strategy with Simple MACD & RSI This high-frequency trading strategy uses a combination of MACD and RSI to identify quick market opportunities. By leveraging these indicators, combined with dynamic risk management using ATR, it aims to capture small but frequent price movements while ensuring tight control over risk. Key Features: Indicators Used: MACD (Moving Average Convergence Divergence): The strategy uses a shorter MACD configuration (Fast Length of 6 and Slow Length of 12) to capture quick price momentum shifts. A MACD crossover above the signal line triggers a buy signal, while a crossover below the signal line triggers a sell signal. RSI (Relative Strength Index): A shorter RSI length of 7 is used to gauge overbought and oversold market conditions. The strategy looks for RSI confirmation, with a long trade initiated when RSI is below the overbought level (70) and a short trade initiated when RSI is above the oversold level (30). Risk Management: Dynamic Stop Loss and Take Profit: The strategy uses ATR (Average True Range) to calculate dynamic stop loss and take profit levels based on market volatility. Stop Loss is set at 0.5x ATR to limit risk. Take Profit is set at 1.5x ATR to capture reasonable price moves. Trailing Stop: As the market moves in the strategy’s favor, the position is protected by a trailing stop set at 0.5x ATR, allowing the strategy to lock in profits as the price moves further. Entry & Exit Signals: Long Entry: Triggered when the MACD crosses above the signal line (bullish crossover) and RSI is below the overbought level (70). Short Entry: Triggered when the MACD crosses below the signal line (bearish crossover) and RSI is above the oversold level (30). Exit Conditions: The strategy exits long or short positions based on the stop loss, take profit, or trailing stop activation. Frequent Trades: This strategy is designed for high-frequency trading, with trade signals occurring frequently as the MACD and RSI indicators react quickly to price movements. It works best on lower timeframes such as 1-minute, 5-minute, or 15-minute charts, but can be adjusted for different timeframes based on the asset’s volatility. Customizable Parameters: MACD Settings: Adjust the Fast Length, Slow Length, and Signal Length to tune the MACD’s sensitivity. RSI Settings: Customize the RSI Length, Overbought, and Oversold levels to better match your trading style. ATR Settings: Modify the ATR Length and multipliers for Stop Loss, Take Profit, and Trailing Stop to optimize risk management according to market volatility. Important Notes: Market Conditions: This strategy is designed to capture smaller, quicker moves in trending markets. It may not perform well during choppy or sideways markets. Optimizing for Asset Volatility: Adjust the ATR multipliers based on the asset’s volatility to suit the risk-reward profile that fits your trading goals. Backtesting: It's recommended to backtest the strategy on different assets and timeframes to ensure optimal performance. Summary: The Sunil High-Frequency Strategy leverages a simple combination of MACD and RSI with dynamic risk management (using ATR) to trade small but frequent price movements. The strategy ensures tight stop losses and reasonable take profits, with trailing stops to lock in profits as the price moves in favor of the trade. It is ideal for scalping or intraday trading on lower timeframes, aiming for quick entries and exits with controlled risk.
Strategia Pine Script®
di sunilsenapati
10
Wickiness IndexWickiness Index - Detect Indecision and Trend Exhaustion The Wickiness Index is a versatile technical indicator designed to measure the proportion of wicks (upper and lower shadows) relative to the total range of price bars over a specified lookback period. It provides insights into market indecision, reversals, and trend exhaustion by analyzing the structural composition of candlesticks. The indicator calculates the lengths of upper and lower wicks along with the body of each candlestick. Each bar's wick length is expressed as a percentage of the total range (High - Low). The ratio is scaled to 0–100, where 100 represents entirely wicks with no body (indicating pure indecision) and 0 represents no wicks with only body (indicating strong directional movement). These values are then averaged over the lookback period (default = 5 bars) to provide a smoothed representation of wickiness, reducing noise and highlighting trends. A high value, especially above 70, suggests indecision or potential reversals, as candlesticks dominated by wicks often appear near tops or bottoms. Conversely, low values below 30 indicate trend strength and strong momentum, useful for spotting breakouts and trend continuation. Mid-range values between 30 and 70 often indicate consolidation phases or gradual transitions between trends. Traders can adjust the lookback period to match their trading style, with shorter periods offering faster responses and longer periods providing smoother trends. This indicator is particularly useful for trend reversal detection, breakout confirmation, and volatility filtering. It scales effectively across all timeframes, making it suitable for both intraday traders and long-term investors. When combined with volume analysis or trend-following indicators, the Wickiness Index can further strengthen trade signals. The visual design includes a blue line for the index and horizontal reference lines at 30 and 70, allowing for quick and intuitive interpretation. The Wickiness Index offers a unique perspective on market sentiment and price action behavior, providing traders with valuable insights into potential turning points, momentum shifts, and market indecision. It is a powerful tool for improving decision-making in volatile markets and identifying areas where price trends may weaken or reverse.
Indicatore Pine Script®
di edb454
EMA RSI Trend Reversal Ver.1Overview: The EMA RSI Trend Reversal indicator combines the power of two well-known technical indicators—Exponential Moving Averages (EMAs) and the Relative Strength Index (RSI)—to identify potential trend reversal points in the market. The strategy looks for key crossovers between the fast and slow EMAs, and uses the RSI to confirm the strength of the trend. This combination helps to avoid false signals during sideways market conditions. How It Works: Buy Signal: The Fast EMA (9) crosses above the Slow EMA (21), indicating a potential shift from a downtrend to an uptrend. The RSI is above 50, confirming strong bullish momentum. Visual Signal: A green arrow below the price bar and a Buy label are plotted on the chart. Sell Signal: The Fast EMA (9) crosses below the Slow EMA (21), indicating a potential shift from an uptrend to a downtrend. The RSI is below 50, confirming weak or bearish momentum. Visual Signal: A red arrow above the price bar and a Sell label are plotted on the chart. Key Features: EMA Crossovers: The Fast EMA crossing above the Slow EMA signals potential buying opportunities, while the Fast EMA crossing below the Slow EMA signals potential selling opportunities. RSI Confirmation: The RSI helps confirm trend strength—values above 50 indicate bullish momentum, while values below 50 indicate bearish momentum. Visual Cues: The strategy uses green arrows and red arrows along with Buy and Sell labels for clear visual signals of when to enter or exit trades. Signal Interpretation: Green Arrow / Buy Label: The Fast EMA (9) has crossed above the Slow EMA (21), and the RSI is above 50. This is a signal to buy or enter a long position. Red Arrow / Sell Label: The Fast EMA (9) has crossed below the Slow EMA (21), and the RSI is below 50. This is a signal to sell or exit the long position. Strategy Settings: Fast EMA Length: Set to 9 (this determines how sensitive the fast EMA is to recent price movements). Slow EMA Length: Set to 21 (this smooths out price movements to identify the broader trend). RSI Length: Set to 14 (default setting to track momentum strength). RSI Level: Set to 50 (used to confirm the strength of the trend—above 50 for buy signals, below 50 for sell signals). Risk Management (Optional): Use take profit and stop loss based on your preferred risk-to-reward ratio. For example, you can set a 2:1 risk-to-reward ratio (2x take profit for every 1x stop loss). Backtesting and Optimization: Backtest the strategy on TradingView by opening the Strategy Tester tab. This will allow you to see how the strategy would have performed on historical data. Optimization: Adjust the EMA lengths, RSI period, and risk-to-reward settings based on your asset and time frame. Limitations: False Signals in Sideways Markets: Like any trend-following strategy, this indicator may generate false signals during periods of low volatility or sideways movement. Not Suitable for All Market Conditions: This indicator performs best in trending markets. It may underperform in choppy or range-bound markets. Strategy Example: XRP/USD Example: If you're trading XRP/USD and the Fast EMA (9) crosses above the Slow EMA (21), while the RSI is above 50, the indicator will signal a Buy. Conversely, if the Fast EMA (9) crosses below the Slow EMA (21), and the RSI is below 50, the indicator will signal a Sell. Bitcoin (BTC/USD): On the BTC/USD chart, when the indicator shows a green arrow and a Buy label, it’s signaling a potential long entry. Similarly, a red arrow and Sell label indicate a short entry or exit from a previous long position. Summary: The EMA RSI Trend Reversal Indicator helps traders identify potential trend reversals with clear buy and sell signals based on the EMA crossovers and RSI confirmations. By using green arrows and red arrows, along with Buy and Sell labels, this strategy offers easy-to-understand visual signals for entering and exiting trades. Combine this with effective risk management and backtesting to optimize your trading performance.
Strategia Pine Script®
di SilverStar_Trading
1
Uptrick: Smart BoundariesThis script is an indicator that combines the RSI (Relative Strength Index) and Bollinger Bands to highlight potential points where price momentum and volatility may both be at extreme levels. Below is a detailed explanation of its components, how it calculates signals, and why these two indicators have been merged into one tool. This script is intended solely for educational purposes and for traders who want to explore the combined use of momentum and volatility measures. Please remember that no single indicator guarantees profitable results. Purpose of This Script This script is designed to serve as a concise, all-in-one tool for traders seeking to track both momentum and volatility extremes in real time. By overlaying RSI signals with Bollinger Band boundaries, it helps users quickly identify points on a chart where price movement may be highly stretched. The goal is to offer a clearer snapshot of potential overbought or oversold conditions without requiring two separate indicators. Additionally, its optional pyramiding feature enables users to manage how many times they initiate trades when signals repeat in the same direction. Through these combined functions, the script aims to streamline technical analysis by consolidating two popular measures—momentum via RSI and volatility via Bollinger Bands—into a single, manageable interface. 1. Why Combine RSI and Bollinger Bands • RSI (Relative Strength Index): This is a momentum oscillator that measures the speed and magnitude of recent price changes. It typically ranges between 0 and 100. Traders often watch for RSI crossing into “overbought” or “oversold” levels because it may indicate a potential shift in momentum. • Bollinger Bands: These bands are plotted around a moving average, using a standard deviation multiplier to create an upper and lower boundary. They help illustrate how volatile the price has been relative to its recent average. When price moves outside these boundaries, some traders see it as a sign the price may be overstretched and could revert closer to the average. Combining these two can be useful because it blends two different perspectives on market movement. RSI attempts to identify momentum extremes, while Bollinger Bands track volatility extremes. By looking for moments when both conditions agree, the script tries to highlight points where price might be unusually stretched in terms of both momentum and volatility. 2. How Signals Are Generated • Buy Condition: - RSI dips below a specified “oversold” level (for example, 30 by default). - Price closes below the lower Bollinger Band. When these occur together, the script draws a label indicating a potential bullish opportunity. The underlying reasoning is that momentum (RSI) suggests a stronger-than-usual sell-off, and price is also stretched below the lower Bollinger Band. • Sell Condition: - RSI rises above a specified “overbought” level (for example, 70 by default). - Price closes above the upper Bollinger Band. When these occur together, a label is plotted for a potential bearish opportunity. The rationale is that momentum (RSI) may be overheated, and the price is trading outside the top of its volatility range. 3. Pyramiding Logic and Trade Count Management • Pyramiding refers to taking multiple positions in the same direction when signals keep firing. While some traders prefer just one position per signal, others like to scale into a trade if the market keeps pushing in their favor. • This script uses variables that keep track of how many recent buy or sell signals have fired. If the count reaches a user-defined maximum, no more signals of that type will trigger additional labels. This protects traders from over-committing to one direction if the market conditions remain “extreme” for a prolonged period. • If you disable the pyramiding feature, the script will only plot one label per side until the condition resets (i.e., until RSI and price conditions are no longer met). 4. Labels and Visual Feedback • Whenever a buy or sell condition appears, the script plots a label directly on the chart: - Buy labels under the price bar. - Sell labels above the price bar. These labels make it easier to review where both RSI and Bollinger Band conditions align. It can be helpful for visually scanning the chart to see if the signals show any patterns related to market reversals or trend continuations. • The Bollinger Bands themselves are plotted so traders can see when the price is approaching or exceeding the upper or lower band. Watching the RSI and Bollinger Band plots simultaneously can give traders more context for each signal. 5. Originality and Usefulness This script provides a distinct approach by merging two well-established concepts—RSI and Bollinger Bands—within a single framework, complemented by optional pyramiding controls. Rather than using each indicator separately, it attempts to uncover moments when momentum signals from RSI align with volatility extremes highlighted by Bollinger Bands. This combined perspective can aid in spotting areas of possible overextension in price. Additionally, the built-in pyramiding mechanism offers a method to manage multiple signals in the same direction, allowing users to adjust how aggressively they scale into trades. By integrating these elements together, the script aims to deliver a tool that caters to diverse trading styles while remaining straightforward to configure and interpret. 6. How to Use the Indicator • Configure the Inputs: - RSI Length (the lookback period used for the RSI calculation). - RSI Overbought and Oversold Levels. - Bollinger Bands Length and Multiplier (defines the moving average period and the degree of deviation). - Option to reduce pyramiding. • Set Alerts (Optional): - You can create TradingView alerts for when these conditions occur, so you do not have to monitor the chart constantly. Choose the buy or sell alert conditions in your alert settings. • Integration in a Trading Plan: - This script alone is not a complete trading system. Consider combining it with other forms of analysis, such as support and resistance, volume profiles, or candlestick patterns. Thorough research, testing on historical data, and risk management are always recommended. 7. No Performance Guarantees • This script does not promise any specific trading results. It is crucial to remember that no single indicator can accurately predict future market movements all the time. The script simply tries to highlight moments when two well-known indicators both point to an extreme condition. • Actual trading decisions should factor in a range of market information, including personal risk tolerance and broader market conditions. 8. Purpose and Limitations • Purpose: - Provide a combined view of momentum (RSI) and volatility (Bollinger Bands) in a single script. - Assist in spotting times when price may be at an extreme. - Offer a configurable system for labeling potential buy or sell points based on these extremes. • Limitations: - Overbought and oversold conditions can persist for an extended period in trending markets. - Bollinger Band breakouts do not always result in immediate reversals. Sometimes price keeps moving in the same direction. - The script does not include a built-in exit strategy or risk management rules. Traders must handle these themselves. Additional Disclosures This script is published open-source and does not rely on any external or private libraries. It does not use lookahead methods or repaint signals; all calculations are performed on the current bar without referencing future data. Furthermore, the script is designed for standard candlestick or bar charts rather than non-standard chart types (e.g., Heikin Ashi, Renko). Traders should keep in mind that while the script can help locate potential momentum and volatility extremes, it does not include an exit strategy or account for factors like slippage or commission. All code comes from built-in Pine Script functions and standard formulas for RSI and Bollinger Bands. Anyone reviewing or modifying this script should exercise caution and incorporate proper risk management when applying it to their own trading. Calculation Details The script computes RSI by examining a user-defined number of prior bars (the RSI Length) and determining the average of up-moves relative to the average of down-moves over that period. This ratio is then scaled to a 0–100 range, so lower values typically indicate stronger downward momentum, while higher values suggest stronger upward momentum. In parallel, Bollinger Bands are generated by first calculating a simple moving average (SMA) of the closing price for the user-specified length. The script then measures the standard deviation of closing prices over the same period and multiplies it by the chosen factor (the Bollinger Bands Multiplier) to form the upper and lower boundaries around the SMA. These two measures are checked in tandem: if the RSI dips below a certain oversold threshold and price trades below the lower Bollinger Band, a condition is met that may imply a strong short-term sell-off; similarly, if the RSI surpasses the overbought threshold and price rises above the upper Band, it may indicate an overextended move to the upside. The pyramiding counters track how many of these signals occur in sequence, preventing excessive stacking of labels on the chart if conditions remain extreme for multiple bars. Conclusion This indicator aims to provide a more complete view of potential market extremes by overlaying the RSI’s momentum readings on top of Bollinger Band volatility signals. By doing so, it attempts to help traders see when both indicators suggest that the market might be oversold or overbought. The optional reduced pyramiding logic further refines how many signals appear, giving users the choice of a single entry or multiple scaling entries. It does not claim any guaranteed success or predictive power, but rather serves as a tool for those wanting to explore this combined approach. Always be cautious and consider multiple factors before placing any trades.
Indicatore Pine Script®
di Uptrick
3
Multi-Feature IndicatorThe Multi-Feature Indicator combines three popular technical analysis tools — RSI, Moving Averages (MA), and MACD — into a single indicator to provide unified buy and sell signals. This script is designed for traders who want to filter out noise and focus on signals confirmed by multiple criteria. Features: RSI (Relative Strength Index): Measures momentum and identifies overbought (70) and oversold (30) conditions. A signal is triggered when RSI crosses these thresholds. Moving Averages (MA): Uses a short-term moving average (default: 9 periods) and a long-term moving average (default: 21 periods). Buy signals occur when the short-term MA crosses above the long-term MA, indicating an uptrend. Sell signals occur when the short-term MA crosses below the long-term MA, indicating a downtrend. MACD (Moving Average Convergence Divergence): A trend-following momentum indicator that shows the relationship between two moving averages of an asset's price. Signals are based on the crossover of the MACD line and its signal line. Unified Buy and Sell Signals: Buy Signal: Triggered when: RSI crosses above 30 (leaving oversold territory). Short-term MA crosses above the long-term MA. MACD line crosses above the signal line. Sell Signal: Triggered when: RSI crosses below 70 (leaving overbought territory). Short-term MA crosses below the long-term MA. MACD line crosses below the signal line. Visualization: The indicator plots the short-term and long-term moving averages on the price chart. Green "BUY" labels appear below price bars when all buy conditions are met. Red "SELL" labels appear above price bars when all sell conditions are met. Parameters: RSI Length: Default is 14. This controls the sensitivity of the RSI. Short MA Length: Default is 9. This determines the short-term trend. Long MA Length: Default is 21. This determines the long-term trend. Use Case: The Multi-Feature Indicator is ideal for traders seeking higher confirmation before entering or exiting trades. By combining momentum (RSI), trend (MA), and momentum shifts (MACD), it reduces false signals and enhances decision-making. How to Use: Apply the indicator to your chart in TradingView. Look for "BUY" or "SELL" signals, which appear when all conditions align. Use this tool in conjunction with other analysis techniques for best results. Note: The default settings are suitable for many assets, but you may need to adjust them for different timeframes or market conditions. This indicator is meant to assist in trading decisions and should not be used as the sole basis for trading.
Indicatore Pine Script®
di filbek
Christmas RSI with Jingle Bell [TrendX_]Jingle Bell 🔔, Jingle Bell 🔔, Jingle all the chart 📈 Merry Christmas Tradingview Community !!! Introducing the Jingle Bell Indicator, a festive Pine Script creation designed to spread joy and luck to your trading endeavors. The Bow will change colors based on the reaction of RSI with the 50 level. Add a Jingle Bell drawing to your charts and celebrate the most wonderful time of the year. Turn on alert for today to get my Merry Christmas wish. This indicator is my gift to the Tradingview community, designed to bring a touch of luck to your trades. Hope this Jingle Bell will bring some joy and festive vibes to your trading experience.
Indicatore Pine Script®
di TrendXvn
RSI+EMA+MZONES with DivergencesFeatures: 1. RSI Calculation: Uses user-defined periods to calculate the RSI and visualize momentum shifts. Plots key RSI zones, including upper (overbought), lower (oversold), and middle levels. 2. EMA of RSI: Includes an Exponential Moving Average (EMA) of the RSI for trend smoothing and confirmation. 3. Bullish and Bearish Divergences: Detects Regular divergences (labeled as “Bull” and “Bear”) for classic signals. Identifies Hidden divergences (labeled as “H Bull” and “H Bear”) for potential trend continuation opportunities. 4. Customizable Labels: Displays divergence labels directly on the chart. Labels can be toggled on or off for better chart visibility. 5. Alerts: Predefined alerts for both regular and hidden divergences to notify users in real time. 6. Fully Customizable: Adjust RSI period, lookback settings, divergence ranges, and visibility preferences. Colors and styles are easily configurable to match your trading style. How to Use: RSI Zones: Use RSI and its zones to identify overbought/oversold conditions. EMA: Look for crossovers or confluence with divergences for confirmation. Divergences: Monitor for “Bull,” “Bear,” “H Bull,” or “H Bear” labels to spot key reversal or continuation signals. Alerts: Set alerts to be notified of divergence opportunities without constant chart monitoring.
Indicatore Pine Script®
di lordoflolz
RSI Divergence + Sweep + Signal + Alerts Toolkit [TrendX_]The RSI Toolkit is a powerful set of tools designed to enhance the functionality of the traditional Relative Strength Index (RSI) indicator. By integrating advanced features such as Moving Averages, Divergences, and Sweeps, it helps traders identify key market dynamics, potential reversals, and newly-approach trading stragies. The toolkit expands on standard RSI usage by incorporating features from smart money concepts (Just try to be creative 🤣 Hope you like it), providing a deeper understanding of momentum, liquidity sweeps, and trend reversals. It is suitable for RSI traders who want to make more informed and effective trading decisions. 💎 FEATURES RSI Moving Average The RSI Moving Average (RSI MA) is the moving average of the RSI itself. It can be customized to use various types of moving averages, including Simple Moving Average (SMA), Exponential Moving Average (EMA), Relative Moving Average (RMA), and Volume-Weighted Moving Average (VWMA). The RSI MA smooths out the RSI fluctuations, making it easier to identify trends and crossovers. It helps traders spot momentum shifts and potential entry/exit points by observing when the RSI crosses above or below its moving average. RSI Divergence RSI Divergence identifies discrepancies between price action and RSI momentum. There are two types of divergences: Regular Divergence - Indicates a potential trend reversal; Hidden Divergence - Suggests the continuation of the current trend. Divergence is a critical signal for spotting weakness or strength in a trend. Regular divergence highlights potential trend reversals, while hidden divergence confirms trend continuation, offering traders valuable insights into market momentum and possible trade setups. RSI Sweep RSI Sweep detects moments when the RSI removes liquidity from a trend structure by sweeping above or below the price at key momentum level crossing. These sweeps are overlaid on the RSI chart for easier visualized. RSI Sweeps are significant because they indicate potential turning points in the market. When RSI sweeps occur: In an uptrend - they suggest buyers' momentum has peaked, possibly leading to a reversal; In a downtrend - they indicate sellers’ momentum has peaked, also hinting at a reversal. (Note: This feature incorporates Liquidity Sweep concepts from Smart Money Concepts into RSI analysis, helping RSI traders identify areas where liquidity has been removed, which often precedes a trend reversal) 🔎 BREAKDOWN RSI Moving Average How MA created: The RSI value is calculated first using the standard RSI formula. The MA is then applied to the RSI values using the trader’s chosen type of MA (SMA, EMA, RMA, or VWMA). The flexibility to choose the type of MA allows traders to adjust the smoothing effect based on their trading style. Why use MA: RSI by itself can be noisy and difficult to interpret in volatile markets. Applying moving average would provide a smoother, more reliable view of RSI trends. RSI Divergence How Regular Divergence created: Regular Divergence is detected when price forms HIGHER highs while RSI forms LOWER highs (bearish divergence) or when price forms LOWER lows while RSI forms HIGHER lows (bullish divergence). How Hidden Divergence created: Hidden Divergence is identified when price forms HIGHER lows while RSI forms LOWER lows (bullish hidden divergence) or when price forms LOWER highs while RSI forms HIGHER highs (bearish hidden divergence). Why use Divergence: Divergences provide early warning signals of a potential trend change. Regular divergence helps traders anticipate reversals, while hidden divergence supports trend continuation, enabling traders to align their trades with market momentum. RSI Sweep How Sweep created: Trend Structure Shift are identified based on the RSI crossing key momentum level of 50. To track these sweeps, the indicator pinpoints moments when liquidity is removed from the Trend Structure Shift. This is a direct application of Liquidity Sweep concepts used in Smart Money theories, adapted to RSI. Why use Sweep: RSI Sweeps are created to help traders detect potential trend reversals. By identifying areas where momentum has exhausted during a certain trend direction, the indicator highlights opportunities for traders to enter trades early in a reversal or continuation phase. ⚙️ USAGES Divergence + Sweep This is an example of combining Devergence & Sweep in BTCUSDT (1 hour) Wait for a divergence (regular or hidden) to form on the RSI. After the divergence is complete, look for a sweep to occur. A potential entry might be formed at the end of the sweep. Divergences indicate a potential trend change, but confirmation is required to ensure the setup is valid. The RSI Sweep provides that confirmation by signaling a liquidity event, increasing the likelihood of a successful trade. Sweep + MA Cross This is an example of combining Devergence & Sweep in BTCUSDT (1 hour) Wait for an RSI Sweep to form then a potential entry might be formed when the RSI crosses its MA. The RSI Sweep highlights a potential turning point in the market. The MA cross serves as additional confirmation that momentum has shifted, providing a more reliable and more potential entry signal for trend continuations. DISCLAIMER This indicator is not financial advice, it can only help traders make better decisions. There are many factors and uncertainties that can affect the outcome of any endeavor, and no one can guarantee or predict with certainty what will occur. Therefore, one should always exercise caution and judgment when making decisions based on past performance.
Indicatore Pine Script®
di TrendXvn
9
RSI BB StdDev SignalOverview The RSI BB StdDev Signal Indicator is a powerful tool designed to enhance your trading strategy by combining the Relative Strength Index (RSI) with Bollinger Bands (BB). This unique combination allows traders to identify potential buy and sell signals more accurately by leveraging the strengths of both indicators. The RSI helps in identifying overbought and oversold conditions, while the Bollinger Bands provide a dynamic range to assess volatility and potential price reversals. Key Features — RSI Calculation: The indicator calculates the RSI based on user-defined parameters, allowing for customization to fit different trading styles. — Bollinger Bands Integration: The RSI values are smoothed using a moving average, and Bollinger Bands are applied to this smoothed RSI to generate buy and sell signals. — Divergence Detection: The indicator includes an optional feature to detect and alert on bullish and bearish divergences between the RSI and price action. — Customizable Alerts: Users can set up alerts for buy and sell signals, as well as for divergences, ensuring they never miss a trading opportunity. — Visual Aids: The indicator plots the RSI, Bollinger Bands, and signals on the chart, making it easy to visualize and interpret the data. How It Works 1. RSI Calculation: — The RSI is calculated using the change in the source input (default is close price) over a specified period. — The RSI values are then plotted on the chart with customizable overbought and oversold levels. 2. Smoothing and Bollinger Bands: — The RSI values are smoothed using a moving average (SMA, EMA, SMMA, WMA, VWMA) selected by the user. — Bollinger Bands are applied to the smoothed RSI to create dynamic upper and lower bands. 3. Signal Generation: —Buy signals are generated when the RSI crosses above the lower Bollinger Band. —Sell signals are generated when the RSI crosses below the upper Bollinger Band. —These signals are plotted on both the RSI pane and the main price chart for easy reference. 4. Divergence Detection: — The indicator can detect and alert on regular bullish and bearish divergences between the RSI and price action. — Bullish divergences occur when the price makes a lower low, but the RSI makes a higher low. — Bearish divergences occur when the price makes a higher high, but the RSI makes a lower high. Usage 1. Setting Up: — Add the indicator to your TradingView chart. — Customize the RSI length, source, and other parameters in the settings panel. — Enable or disable the divergence detection based on your trading strategy. 2. Interpreting Signals: — Use the buy and sell signals generated by the RSI crossing the Bollinger Bands as potential entry and exit points. — Pay attention to divergences for additional confirmation of trend reversals. 3. Alerts: — Set up alerts for buy and sell signals to receive notifications in real-time. — Enable divergence alerts to be notified of potential trend reversals. Conclusion The RSI BB StdDev Signal Indicator is a comprehensive tool that combines the strengths of the RSI and Bollinger Bands to provide traders with more accurate and reliable signals. Whether you are a beginner or an experienced trader, this indicator can enhance your trading strategy by offering clear visual cues and customizable alerts. Note This indicator is provided with open-source code, allowing users to understand its logic and customize it further if needed. The detailed description and customizable settings ensure that traders of all levels can benefit from its unique features.
Indicatore Pine Script®
di trade_lexx
2
Momentum Matrix (BTC-COIN)The Momentum Matrix (BTC-COIN) indicator analyzes the momentum relationship between Coinbase stock ( NASDAQ:COIN ) and Bitcoin ( CRYPTOCAP:BTC ). By combining RSI, correlation, and dominance metrics, it identifies bullish and bearish macro trends to align trades with market momentum. How It Works Price Inputs: Pulls weekly price data for CRYPTOCAP:BTC and NASDAQ:COIN for macro analysis. Metrics Calculated: • RSI Divergence: Measures momentum differences between CRYPTOCAP:BTC and $COIN. • Price Ratio: Tracks the $COIN/ CRYPTOCAP:BTC relationship relative to its long-term average (SMA). • Correlation: Analyzes price co-movement between CRYPTOCAP:BTC and $COIN. • Dominance Impact: Incorporates CRYPTOCAP:BTC dominance for broader crypto trends. Composite Momentum Score: Combines these metrics into a smoothed macro momentum value. Thresholds for Trend Detection: Upper and lower thresholds dynamically adapt to market conditions. Signals and Visualization: • Buy Signal: Momentum exceeds the upper threshold, indicating bullish trends. • Sell Signal: Momentum falls below the lower threshold, indicating bearish trends. • Background Colors: Green (bullish), Red (bearish). Strengths Integrates multiple metrics for robust macro analysis. Dynamic thresholds adapt to market conditions. Effective for identifying macro momentum shifts. Limitations Lag in high volatility due to smoothing. Less effective in choppy, sideways markets. Assumes CRYPTOCAP:BTC dominance drives NASDAQ:COIN momentum, which may not always hold true. Improvements Multi-Timeframe Analysis: Add daily or monthly data for precision. Volume Filters: Include volume thresholds for signal validation. Additional Metrics: Consider MACD or Stochastics for further confirmation. Complementary Tools Volume Indicators: OBV or cumulative delta for confirmation. Trend-Following Systems: Pair with moving averages for timing. Market Breadth Metrics: Combine with CRYPTOCAP:BTC dominance trends for context.
Indicatore Pine Script®
di SHA256orBUST
DAILY Supertrend + EMA Crossover with RSI FilterThis strategy is a technical trading approach that combines multiple indicators—Supertrend, Exponential Moving Averages (EMAs), and the Relative Strength Index (RSI)—to identify and manage trades. Core Components: 1. Exponential Moving Averages (EMAs): Two EMAs, one with a shorter period (fast) and one with a longer period (slow), are calculated. The idea is to spot when the faster EMA crosses above or below the slower EMA. A fast EMA crossing above the slow EMA often suggests upward momentum, while crossing below suggests downward momentum. 2. Supertrend Indicator: The Supertrend uses Average True Range (ATR) to establish dynamic support and resistance lines. These lines shift above or below price depending on the prevailing trend. When price is above the Supertrend line, the trend is considered bullish; when below, it’s considered bearish. This helps ensure that the strategy trades only in the direction of the overall trend rather than against it. 3. RSI Filter: The RSI measures momentum. It helps avoid buying into markets that are already overbought or selling into markets that are oversold. For example, when going long (buying), the strategy only proceeds if the RSI is not too high, and when going short (selling), it only proceeds if the RSI is not too low. This filter is meant to improve the quality of the trades by reducing the chance of entering right before a reversal. 4. Time Filters: The strategy only triggers entries during user-specified date and time ranges. This is useful if one wants to limit trading activity to certain trading sessions or periods with higher market liquidity. 5. Risk Management via ATR-based Stops and Targets: Both stop loss and take profit levels are set as multiples of the ATR. ATR measures volatility, so when volatility is higher, both stops and profit targets adjust to give the trade more breathing room. Conversely, when volatility is low, stops and targets tighten. This dynamic approach helps maintain consistent risk management regardless of market conditions. Overall Logic Flow: - First, the market conditions are analyzed through EMAs, Supertrend, and RSI. - When a buy (long) condition is met—meaning the fast EMA crosses above the slow EMA, the trend is bullish according to Supertrend, and RSI is below the specified “overbought” threshold—the strategy initiates or adds to a long position. - Similarly, when a sell (short) condition is met—meaning the fast EMA crosses below the slow EMA, the trend is bearish, and RSI is above the specified “oversold” threshold—it initiates or adds to a short position. - Each position is protected by an automatically calculated stop loss and a take profit level based on ATR multiples. Intended Result: By blending trend detection, momentum filtering, and volatility-adjusted risk management, the strategy aims to capture moves in the primary trend direction while avoiding entries at excessively stretched prices. Allowing multiple entries can potentially amplify gains in strong trends but also increases exposure, which traders should consider in their risk management approach. In essence, this strategy tries to ride established trends as indicated by the Supertrend and EMAs, filter out poor-quality entries using RSI, and dynamically manage trade risk through ATR-based stops and targets.
Strategia Pine Script®
di Mohamed_Abbas
Double RSIDouble RSI (DRSI) Indicator The Double RSI (DRSI) is a technical analysis tool designed to provide traders with enhanced buy and sell signals by identifying uptrend and downtrend thresholds. It refines traditional RSI-based signals by applying a "double calculation" to the Relative Strength Index (RSI), improving precision in detecting trend changes. Key Concepts Behind the Indicator 1. Double RSI Calculation The DRSI indicator takes the standard RSI (calculated using the closing price over a specified length) and applies a second RSI calculation to it. This creates a smoother, more refined RSI value, making it more effective at highlighting the general trend of the market. RSI: Measures the strength of recent price movements, ranging from 0 to 100. Double RSI (DRSI): Applies the RSI formula to the RSI values themselves, smoothing out fluctuations and generating clearer signals. How Does the Indicator Work? The DRSI identifies uptrends and downtrends using two user-defined thresholds: Uptrend Threshold (Default = 59): A value above this threshold signals a potential shift into an uptrend. Downtrend Threshold (Default = 52): A value below this threshold signals a potential shift into a downtrend. Signal Generation Buy Signal: A crossover occurs when the DRSI value crosses above the Downtrend Threshold, signaling the beginning of an upward movement. Sell Signal: A crossunder occurs when the DRSI value crosses below the Uptrend Threshold, signaling the beginning of a downward movement. Customizable Inputs The indicator offers customizable settings for increased flexibility: DRSI Length (Default = 13): Determines the lookback period for RSI calculations. A shorter length increases sensitivity, while a longer length smooths the signals. Uptrend Threshold (Default = 59): Sets the level above which an uptrend is confirmed. Downtrend Threshold (Default = 52): Sets the level below which a downtrend is confirmed. Bar Color and Glow Effects: Traders can enable colored candles or glowing DRSI lines for better visual representation. Why is This Indicator Useful for Traders? 1. Noise Reduction By applying a second RSI calculation, the DRSI smooths out minor fluctuations and highlights the overall trend. 2. Clear Uptrend and Downtrend Signals The indicator provides intuitive buy (green arrow) and sell (red arrow) markers, simplifying decision-making. 3. Customizable Thresholds Traders can adjust the thresholds and length to better suit specific trading strategies or market conditions. 4. Bar Coloring Bars are color-coded to indicate the trend: Green (Above Uptrend Threshold): Indicates an uptrend. Red (Below Downtrend Threshold): Indicates a downtrend. How the Indicator Appears on the Chart DRSI Line: A smooth line derived from the double RSI calculation. Threshold Lines: Two horizontal lines (green for the Uptrend Threshold, red for the Downtrend Threshold) to visualize trend changes. Colored Candles: Candlesticks dynamically change color based on the trend direction (green for uptrends, red for downtrends). Buy/Sell Markers: Buy Signal: A green upward triangle below the bar, marking the start of an uptrend. Sell Signal: A red downward triangle above the bar, marking the start of a downtrend. In Summary The Double RSI (DRSI) indicator is a powerful tool for identifying uptrends and downtrends with: Smoothed trend detection using double-calculated RSI values. Clear, actionable buy and sell signals. Customizable settings to match different trading styles. By focusing on trend thresholds rather than overbought or oversold levels, the DRSI provides traders with precise, noise-free signals to optimize their trading decisions.
Indicatore Pine Script®
di Clokivez
6
RSI Divergence - Left Candles Onlyrsi The **RSI Divergence** indicator in this script is designed to highlight **divergence** between the **Relative Strength Index (RSI)** and **price action** on a chart. Divergence can be a key signal for potential trend reversals or continuation in technical analysis. ### **Key Components of the Indicator:** 1. **RSI Calculation:** - The **Relative Strength Index (RSI)** is calculated using a typical 14-period length, but the user can customize this input. - RSI is a momentum oscillator that measures the speed and change of price movements, oscillating between 0 and 100. Values above 70 indicate overbought conditions, and values below 30 indicate oversold conditions. 2. **Divergence Logic:** - **Bullish Divergence:** Occurs when the price forms a **lower low**, but the RSI forms a **higher low**. This suggests that despite price continuing to drop, momentum (RSI) is strengthening, which may indicate a potential price reversal to the upside. - **Bearish Divergence:** Occurs when the price forms a **higher high**, but the RSI forms a **lower high**. This indicates that even though price is rising, the momentum (RSI) is weakening, which could signal a price reversal to the downside. 3. **Pivot Identification:** - The script identifies **pivot points** (local highs and lows) on both price and RSI. - **Bullish Divergence:** A lower price low with a higher RSI low. - **Bearish Divergence:** A higher price high with a lower RSI high. 4. **Lookback Periods:** - **Lookback Left (lookbackLeft):** Defines the number of bars to look back for pivot confirmation. This allows for adjusting the sensitivity of the divergence. - The **divergence range** is constrained by two parameters: - **Minimum range (rangeLower):** The minimum number of bars for divergence to be considered. - **Maximum range (rangeUpper):** The maximum number of bars for divergence to be considered. 5. **Signal Generation and Plotting:** - When a **bullish divergence** is detected, a **green label** is plotted below the bar where the divergence occurs. - When a **bearish divergence** is detected, a **red label** is plotted above the bar. - The script uses **`plotshape()`** to plot these labels on the chart. 6. **Alerts:** - Alerts are configured for both **bullish** and **bearish divergences** so that you can be notified when a divergence signal occurs. --- ### **How the Indicator Works:** - The RSI and price action are compared using **pivots**: The script checks whether the price and RSI are forming new highs or lows within the specified **lookback period**. - If the conditions for divergence (higher/lower RSI pivot vs price pivot) are met, a signal is plotted on the chart. - The script helps to visually identify potential reversal points and allows users to set alerts for these divergence signals. --- ### **Use Case:** - This script is useful for traders looking to trade potential trend reversals based on **divergence** between price and RSI. - **Bullish divergence** can indicate a **buy** opportunity, while **bearish divergence** can suggest a **sell** opportunity. - The indicator works best in **volatile markets** and when combined with other technical analysis tools for confirmatio
Indicatore Pine Script®
di sarveshmandlik7
RSI and Bollinger Bands Screener [deepakks444]Indicator Overview The indicator is designed to help traders identify potential long signals by combining the Relative Strength Index (RSI) and Bollinger Bands across multiple timeframes. This combination allows traders to leverage the strengths of both indicators to make more informed trading decisions. Understanding RSI What is RSI? The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. Developed by J. Welles Wilder Jr. for stocks and forex trading, the RSI is primarily used to identify overbought or oversold conditions in an asset. How RSI Works: Calculation: The RSI is calculated using the average gains and losses over a specified period, typically 14 periods. Range: The RSI oscillates between 0 and 100. Interpretation: Key Features of RSI: Momentum Indicator: RSI helps identify the momentum of price movements. Divergences: RSI can show divergences, where the price makes a higher high, but the RSI makes a lower high, indicating potential reversals. Trend Identification: RSI can also help identify trends. In an uptrend, the RSI tends to stay above 50, and in a downtrend, it tends to stay below 50. Understanding Bollinger Bands What is Bollinger Bands? Bollinger Bands are a type of trading band or envelope plotted two standard deviations (positively and negatively) away from a simple moving average (SMA) of a price. Developed by financial analyst John Bollinger, Bollinger Bands consist of three lines: Upper Band: SMA + (Standard Deviation × Multiplier) Middle Band (Basis): SMA Lower Band: SMA - (Standard Deviation × Multiplier) How Bollinger Bands Work: Volatility Measure: Bollinger Bands measure the volatility of the market. When the bands are wide, it indicates high volatility, and when the bands are narrow, it indicates low volatility. Price Movement: The price tends to revert to the mean (middle band) after touching the upper or lower bands. Support and Resistance: The upper and lower bands can act as dynamic support and resistance levels. Key Features of Bollinger Bands: Volatility Indicator: Bollinger Bands help traders understand the volatility of the market. Mean Reversion: Prices tend to revert to the mean (middle band) after touching the bands. Squeeze: A Bollinger Band Squeeze occurs when the bands narrow significantly, indicating low volatility and a potential breakout. Combining RSI and Bollinger Bands Strategy Overview: The strategy aims to identify potential long signals by combining RSI and Bollinger Bands across multiple timeframes. The key conditions are: RSI Crossing Above 60: The RSI should cross above 60 on the 15-minute timeframe. RSI Above 60 on Higher Timeframes: The RSI should already be above 60 on the hourly and daily timeframes. Price Above 20MA or Walking on Upper Bollinger Band: The price should be above the 20-period moving average of the Bollinger Bands or walking on the upper Bollinger Band. Strategy Details: RSI Calculation: Calculate the RSI for the 15-minute, 1-hour, and 1-day timeframes. Check if the RSI crosses above 60 on the 15-minute timeframe. Ensure the RSI is above 60 on the 1-hour and 1-day timeframes. Bollinger Bands Calculation: Calculate the Bollinger Bands using a 20-period moving average and 2 standard deviations. Check if the price is above the 20-period moving average or walking on the upper Bollinger Band. Entry and Exit Signals: Long Signal: When all the above conditions are met, consider a long entry. Exit: Exit the trade when the price crosses below the 20-period moving average or the stop-loss is hit. Example Usage Setup: Add the indicator to your TradingView chart. Configure the inputs as per your requirements. Monitoring: Look for the long signal on the chart. Ensure that the RSI is above 60 on the 15-minute, 1-hour, and 1-day timeframes. Check that the price is above the 20-period moving average or walking on the upper Bollinger Band. Trading: Enter a long position when the criteria are met. Set a stop-loss below the low of the recent 15-minute candle or based on your risk management rules. Monitor the trade and exit when the RSI returns below 60 on any of the timeframes or when the price crosses below the 20-period moving average. House Rules Compliance No Financial Advice: This strategy is for educational purposes only and should not be construed as financial advice. Risk Management: Always use proper risk management techniques, including stop-loss orders and position sizing. Past Performance: Past performance is not indicative of future results. Always conduct your own research and analysis. TradingView Guidelines: Ensure that any shared scripts or strategies comply with TradingView's terms of service and community guidelines. Conclusion This strategy combines RSI and Bollinger Bands across multiple timeframes to identify potential long signals. By ensuring that the RSI is above 60 on higher timeframes and that the price is above the 20-period moving average or walking on the upper Bollinger Band, traders can make more informed decisions. Always remember to conduct thorough research and use proper risk management techniques.
Indicatore Pine Script®
di deepakks444
4
3 EMA + RSI with Trail Stop [Free990] (LOW TF)This trading strategy combines three Exponential Moving Averages (EMAs) to identify trend direction, uses RSI to signal exit conditions, and applies both a fixed percentage stop-loss and a trailing stop for risk management. It aims to capture momentum when the faster EMAs cross the slower EMA, then uses RSI thresholds, time-based exits, and stops to close trades. Short Explanation of the Logic Trend Detection: When the 10 EMA crosses above the 20 EMA and both are above the 100 EMA (and the current price bar closes higher), it triggers a long entry signal. The reverse happens for a short (the 10 EMA crosses below the 20 EMA and both are below the 100 EMA). RSI Exit: RSI crossing above a set threshold closes long trades; crossing below another threshold closes short trades. Time-Based Exit: If a trade is in profit after a set number of bars, the strategy closes it. Stop-Loss & Trailing Stop: A fixed stop-loss based on a percentage from the entry price guards against large drawdowns. A trailing stop dynamically tightens as the trade moves in favor, locking in potential gains. Detailed Explanation of the Strategy Logic Exponential Moving Average (EMA) Setup Short EMA (out_a, length=10) Medium EMA (out_b, length=20) Long EMA (out_c, length=100) The code calculates three separate EMAs to gauge short-term, medium-term, and longer-term trend behavior. By comparing their relative positions, the strategy infers whether the market is bullish (EMAs stacked positively) or bearish (EMAs stacked negatively). Entry Conditions Long Entry (entryLong): Occurs when: The short EMA (10) crosses above the medium EMA (20). Both EMAs (short and medium) are above the long EMA (100). The current bar closes higher than it opened (close > open). This suggests that momentum is shifting to the upside (short-term EMAs crossing up and price action turning bullish). If there’s an existing short position, it’s closed first before opening a new long. Short Entry (entryShort): Occurs when: The short EMA (10) crosses below the medium EMA (20). Both EMAs (short and medium) are below the long EMA (100). The current bar closes lower than it opened (close < open). This indicates a potential shift to the downside. If there’s an existing long position, that gets closed first before opening a new short. Exit Signals RSI-Based Exits: For long trades: When RSI exceeds a specified threshold (e.g., 70 by default), it triggers a long exit. RSI > short_rsi generally means overbought conditions, so the strategy exits to lock in profits or avoid a pullback. For short trades: When RSI dips below a specified threshold (e.g., 30 by default), it triggers a short exit. RSI < long_rsi indicates oversold conditions, so the strategy closes the short to avoid a bounce. Time-Based Exit: If the trade has been open for xBars bars (configurable, e.g., 24 bars) and the trade is in profit (current price above entry for a long, or current price below entry for a short), the strategy closes the position. This helps lock in gains if the move takes too long or momentum stalls. Stop-Loss Management Fixed Stop-Loss (% Based): Each trade has a fixed stop-loss calculated as a percentage from the average entry price. For long positions, the stop-loss is set below the entry price by a user-defined percentage (fixStopLossPerc). For short positions, the stop-loss is set above the entry price by the same percentage. This mechanism prevents catastrophic losses if the market moves strongly against the position. Trailing Stop: The strategy also sets a trail stop using trail_points (the distance in price points) and trail_offset (how quickly the stop “catches up” to price). As the market moves in favor of the trade, the trailing stop gradually tightens, allowing profits to run while still capping potential drawdowns if the price reverses. Order Execution Flow When the conditions for a new position (long or short) are triggered, the strategy first checks if there’s an opposite position open. If there is, it closes that position before opening the new one (prevents going “both long and short” simultaneously). RSI-based and time-based exits are checked on each bar. If triggered, the position is closed. If the position remains open, the fixed stop-loss and trailing stop remain in effect until the position is exited. Why This Combination Works Multiple EMA Cross: Combining 10, 20, and 100 EMAs balances short-term momentum detection with a longer-term trend filter. This reduces false signals that can occur if you only look at a single crossover without considering the broader trend. RSI Exits: RSI provides a momentum oscillator view—helpful for detecting overbought/oversold conditions, acting as an extra confirmation to exit. Time-Based Exit: Prevents “lingering trades.” If the position is in profit but failing to advance further, it takes profit rather than risking a trend reversal. Fixed & Trailing Stop-Loss: The fixed stop-loss is your safety net to cap worst-case losses. The trailing stop allows the strategy to lock in gains by following the trade as it moves favorably, thus maximizing profit potential while keeping risk in check. Overall, this approach tries to capture momentum from EMA crossovers, protect profits with trailing stops, and limit risk through both a fixed percentage stop-loss and exit signals from RSI/time-based logic.
Strategia Pine Script®
di Free990
25
DemaRSI StrategyThis is a repost to a old script that cant be updated anymore, the request was made on Feb, 27, 2016. Here's a engaging description for the tradingview script: **DemaRSI Strategy: A Proven Trading System** Join thousands of traders who have already experienced the power of this highly effective strategy. The DemaRSI system combines two powerful indicators - DEMA (Double Exponential Moving Average) and RSI (Relative Strength Index) - to generate profitable trades with minimal risk. **Key Features:** * **Trend-Following**: Our algorithm identifies strong trends using a combination of DEMA and RSI, allowing you to ride the waves of market momentum. * **Risk Management**: The system includes built-in stop-loss and take-profit levels, ensuring that your gains are protected and losses are minimized. * **Session-Based Trading**: Trade during specific sessions only (e.g., London or New York) for even more targeted results. * **Customizable Settings**: Adjust the length of moving averages, RSI periods, and other parameters to suit your trading style. **What You'll Get:** * A comprehensive strategy that can be used with any broker or platform * Easy-to-use interface with customizable settings * Real-time performance metrics and backtesting capabilities **Start Trading Like a Pro Today!** This script is designed for intermediate to advanced traders who want to take their trading game to the next level. With its robust risk management features, this strategy can help you achieve consistent profits in various market conditions. **Disclaimer:** This script is not intended as investment advice and should be used at your own discretion. Trading carries inherent risks, and losses are possible. ~Llama3
Strategia Pine Script®
di RicardoSantos
1
RSI BandsOverview The RSI Bands indicator is a tool designed to calculate and display overbought, oversold, and middle bands based on the Relative Strength Index (RSI). Its primary purpose is to provide traders with a clue on whether to place limit buy or limit sell orders, or to set stop-loss orders effectively. The bands represent the price levels the asset must reach for the RSI to align with specific thresholds: Overbought Band: Displays the upper band representing the price level the asset must reach for the RSI to become overbought. Oversold Band: Displays the lower band representing the price level the asset must reach for the RSI to become oversold. Middle Band: Displays the middle band representing the price level the asset must reach for the RSI to hit the middle level. It uses both traditional RSI calculations and a dynamic period adjustment mechanism for improved adaptability to market conditions. The script also offers smoothing options for the bands. Features Calculates overbought, oversold, and middle bands using RSI values. Dynamically adjusts the RSI period based on pivot points if enabled. Offers smoothing options for the bands: EMA, SMA, or None. Customizable input parameters for flexibility. Inputs Source Value: Selects the data source (e.g., close price) for RSI calculation. Period: Sets the static RSI calculation period. Used if dynamic period is disabled. Use Dynamic Period?: Toggles the use of a dynamic RSI period. Pivot Left/Right Length: Determines the range of bars for pivot detection when using dynamic periods. Dynamic Period Multiplier: Scales the dynamically calculated RSI period. Overbought Level: RSI level that marks the overbought threshold. Oversold Level: RSI level that marks the oversold threshold. Middle Level: RSI level used as a midpoint reference. Smoothing Type: Specifies the smoothing method for the bands (EMA, SMA, or None). Smoothing Length: Length used for the selected smoothing method. Key Calculations RSI Calculation: Computes RSI using gains and losses over the specified period (dynamic or static). Incorporates a custom function for calculating RSI with dynamic periods. Dynamic Period Adjustment: Uses pivot points to determine an adaptive RSI period. Multiplies the base dynamic period by the Dynamic Period Multiplier. Band Calculation: Calculates price changes (deltas) required to achieve the overbought, oversold, and middle RSI levels. The price changes (deltas) are determined using an iterative approximation technique. For each target RSI level (overbought, oversold, or middle), the script estimates the required change in price by adjusting a hypothetical delta value until the calculated RSI aligns with the target RSI. This approximation ensures precise calculation of the price levels necessary for the RSI to reach the specified thresholds. Computes the upper (overbought), lower (oversold), and middle bands by adding these deltas to the source price. Smoothing: Applies the selected smoothing method (EMA or SMA) to the calculated bands. Plots Overbought Band: Displays the upper band representing the price level the asset must reach for the RSI to become overbought. Oversold Band: Displays the lower band representing the price level the asset must reach for the RSI to become oversold. Middle Band: Displays the middle band representing the price level the asset must reach for the RSI to hit the middle level. Usage Choose the source value (e.g., close price). Select whether to use a dynamic RSI period or a static one. Adjust pivot lengths and multipliers for dynamic period calculation as needed. Set the overbought, oversold, and middle RSI levels based on your analysis. Configure smoothing options for the bands. Observe the plotted bands and use them to identify potential overbought and oversold market conditions.
Indicatore Pine Script®
di CrimsonVault
Precision Trading Strategy: Golden EdgeThe PTS: Golden Edge strategy is designed for scalping Gold (XAU/USD) on lower timeframes, such as the 1-minute chart. It captures high-probability trade setups by aligning with strong trends and momentum, while filtering out low-quality trades during consolidation or low-volatility periods. The strategy uses a combination of technical indicators to identify optimal entry points: 1. Exponential Moving Averages (EMAs): A fast EMA (3-period) and a slow EMA (33-period) are used to detect short-term trend reversals via crossover signals. 2. Hull Moving Average (HMA): A 66-period HMA acts as a higher-timeframe trend filter to ensure trades align with the overall market direction. 3. Relative Strength Index (RSI): A 12-period RSI identifies momentum. The strategy requires RSI > 55 for long trades and RSI < 45 for short trades, ensuring entries are backed by strong buying or selling pressure. 4. Average True Range (ATR): A 14-period ATR ensures trades occur only during volatile conditions, avoiding choppy or low-movement markets. By combining these tools, the PTS: Golden Edge strategy creates a precise framework for scalping and offers a systematic approach to capitalize on Gold’s price movements efficiently.
Strategia Pine Script®
di iamjasonj
Dynamic RSI with Overbought/Oversold LinesDynamic RSI with Overbought/Oversold Lines This indicator enhances the traditional RSI (Relative Strength Index) by dynamically adjusting the overbought and oversold levels based on the highest and lowest RSI values over a user-defined period. The indicator plots these levels as horizontal lines, allowing traders to visually identify when the market is "overbought" or "oversold." Features: Dynamic Overbought/Oversold Levels: Automatically adjusts the overbought and oversold levels based on the highest and lowest RSI values within the defined period, ensuring more accurate signals tailored to the current market conditions. Customizable RSI Period: Choose your preferred RSI period to suit your trading strategy. Signal Alerts: Visual signals are displayed when the RSI crosses into the overbought or oversold zone, indicating potential reversal points. Background Color Alerts: The background changes color when the RSI exceeds overbought or oversold levels, making it easier to spot these important zones at a glance. Clean and Simple: A minimalist design focusing on the key elements, making it suitable for all traders. How to Use: Overbought Zone: When the RSI moves above the overbought line (red), it may indicate that the asset is overbought, signaling a potential price reversal or pullback. Oversold Zone: When the RSI moves below the oversold line (green), it may indicate that the asset is oversold, signaling a potential price bounce or reversal. This dynamic RSI indicator is perfect for those looking to capture market extremes and improve their trading decisions. It's especially useful for timeframes like 30-minute and 1-hour charts, where market conditions tend to shift more rapidly.
Indicatore Pine Script®
di larsnicog
Adapted RSI w/ Multi-Asset Regime Detection v1.1The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of an asset's recent price changes to detect overbought or oversold conditions in the price of said asset. In addition to identifying overbought and oversold assets, the RSI can also indicate whether your desired asset may be primed for a trend reversal or a corrective pullback in price. It can signal when to buy and sell. The RSI will oscillate between 0 and 100. Traditionally, an RSI reading of 70 or above indicates an overbought condition. A reading of 30 or below indicates an oversold condition. The RSI is one of the most popular technical indicators. I intend to offer a fresh spin. Adapted RSI w/ Multi-Asset Regime Detection Our Adapted RSI makes necessary improvements to the original Relative Strength Index (RSI) by combining multi-timeframe analysis with multi-asset monitoring and providing traders with an efficient way to analyse market-wide conditions across different timeframes and assets simultaneously. The indicator automatically detects market regimes and generates clear signals based on RSI levels, presenting this data in an organised, easy-to-read format through two dynamic tables. Simplicity is key, and having access to more RSI data at any given time, allows traders to prepare more effectively, especially when trading markets that "move" together. How we calculate the RSI First, the RSI identifies price changes between periods, calculating gains and losses from one look-back period to the next. This look-back period averages gains and losses over 14 periods, which in this case would be 14 days, and those gains/losses are calculated based on the daily closing price. For example: Average Gain = Sum of Gains over the past 14 days / 14 Average Loss = Sum of Losses over the past 14 days / 14 Then we calculate the Relative Strength (RS): RS = Average Gain / Average Loss Finally, this is converted to the RSI value: RSI = 100 - (100 / (1 + RS)) Key Features Our multi-timeframe RSI indicator enhances traditional technical analysis by offering synchronised Daily, Weekly, and Monthly RSI readings with automatic regime detection. The multi-asset monitoring system allows tracking of up to 10 different assets simultaneously, with pre-configured major pairs that can be customised to any asset selection. The signal generation system provides clear market guidance through automatic regime detection and a five-level signal system, all presented through a sophisticated visual interface with dynamic RSI line colouring and customisable display options. Quick Guide to Use it Begin by adding the indicator to your chart and configuring your preferred assets in the "Asset Comparison" settings. Position the two information tables according to your preference. The main table displays RSI analysis across three timeframes for your current asset, while the asset table shows a comparative analysis of all monitored assets. Signals are colour-coded for instant recognition, with green indicating bullish conditions and red for bearish conditions. Pay special attention to regime changes and signal transitions, using multi-timeframe confluence to identify stronger signals. How it Works (Regime Detection & Signals) When we say 'Regime', a regime is determined by a persistent trend or in this case momentum and by leveraging this for RSI, which is a momentum oscillator, our indicator employs a relatively simple regime detection system that classifies market conditions as either Bullish (RSI > 50) or Bearish (RSI < 50). Our benchmark between a trending bullish or bearish market is equal to 50. By leveraging a simple classification system helps determine the probability of trend continuation and the weight given to various signals. Whilst we could determine a Neutral regime for consolidating markets, we have employed a 'neutral' signal generation which will be further discussed below... Signal generation occurs across five distinct levels: Strong Buy (RSI < 15) Buy (RSI < 30) Neutral (RSI 30-70) Sell (RSI > 70) Strong Sell (RSI > 85) Each level represents different market conditions and probability scenarios. For instance, extreme readings (Strong Buy/Sell) indicate the highest probability of mean reversion, while neutral readings suggest equilibrium conditions where traders should focus on the overall regime bias (Bullish/Bearish momentum). This approach offers traders a new and fresh spin on a popular and well-known tool in technical analysis, allowing traders to make better and more informed decisions from the well presented information across multiple assets and timeframes. Experienced and beginner traders alike, I hope you enjoy this adaptation.
Indicatore Pine Script®
di igreycrypto
1
RSI + Normalized Fisher Transform with SignalsThis indicator combines three tools for market analysis: the Relative Strength Index (RSI), the RSI's moving average, and the Fisher Transform. RSI is a momentum oscillator that measures the speed and change of price movements, helping identify overbought and oversold conditions. The RSI moving average is a smoothed version of the RSI that filters noise and confirms trends. The Fisher Transform is a mathematical technique that transforms price data into a Gaussian normal distribution, making it easier to identify turning points. It has been normalized to the same scale as the RSI (0-100) for consistency. Purpose The goal of this indicator is to identify potential buy and sell opportunities with varying degrees of strength (strong and weak). By combining the RSI, its moving average, and the Fisher Transform, the indicator ensures signals are based on both momentum and reversals, making it highly versatile across different market conditions. Key Features This indicator provides strong and weak buy and sell signals. A strong buy occurs when the RSI crosses above its moving average while both the RSI and its moving average are oversold (below the default threshold of 30), and the Fisher Transform reverses direction within the same or prior bar while also being oversold. A weak buy occurs when the Fisher Transform is oversold, and the RSI crosses above its moving average while its value is between the default oversold threshold (30) and 50. A strong sell occurs when the RSI crosses below its moving average while both the RSI and its moving average are overbought (above the default threshold of 70), and the Fisher Transform reverses direction within the same or prior bar while also being overbought. A weak sell occurs when the Fisher Transform is overbought, and the RSI crosses below its moving average while its value is between 50 and the default overbought threshold (70). The indicator includes customizable thresholds and lengths. Users can adjust the oversold and overbought thresholds to suit their trading style. The RSI length, moving average length, and Fisher Transform length are also customizable. The Fisher Transform is scaled to the RSI’s range of 0-100 to simplify analysis and signal interpretation. How to Use the Indicator On the chart, you will see the RSI line in blue, the RSI moving average in orange, and the Fisher Transform in purple. Horizontal lines at the default oversold (30) and overbought (70) levels mark critical zones for signals. Adjust these thresholds in the indicator settings as needed. Strong buy signals are shown as larger, darker green arrows below the price. Weak buy signals are small lime arrows below the price. Strong sell signals are larger, darker red arrows above the price. Weak sell signals are small fuchsia arrows above the price. Signal Interpretation A strong buy indicates a highly favorable buying opportunity. This typically occurs when the asset is in a downtrend but shows signs of reversal, particularly in oversold zones. A weak buy suggests a potential buying opportunity but with less conviction, often when the market is neutral to slightly bearish but showing upward momentum. A strong sell indicates a highly favorable selling opportunity, usually occurring when the asset is in an uptrend but shows signs of reversal, particularly in overbought zones. A weak sell suggests a potential selling opportunity but with less conviction, often in neutral to slightly bullish markets showing downward momentum. Practical Tips Avoid using signals in isolation. Combine this indicator with other tools such as trendlines, moving averages, or support/resistance levels for greater accuracy. Adjust the parameters for different assets to match their volatility. For volatile assets, consider wider thresholds like 20/80 for oversold/overbought levels. For less volatile assets, tighter thresholds like 35/65 may be more appropriate. Use higher timeframes to confirm signals before trading on lower timeframes. Be cautious in sideways markets, as both RSI and the Fisher Transform perform better in trending conditions. Instructions for Adjustments To change the oversold or overbought levels, open the indicator settings by clicking the gear icon and modify the "Oversold Threshold" and "Overbought Threshold" values. To adjust lengths for RSI and Fisher Transform, update the "RSI Length," "RSI Moving Average Length," and "Fisher Transform Length" settings. If needed, toggle signal visibility by enabling or disabling specific arrows (Strong Buy, Weak Buy, Strong Sell, Weak Sell) in the "Style" tab. Best Practices Risk management is essential. Always set appropriate stop-loss levels and position sizes based on your risk tolerance. Backtest the indicator on historical data to understand its performance and behavior for your chosen asset and timeframe. Combining this indicator with volume or volatility analysis (Bollinger Band Width, for example) can help confirm signal validity. This indicator simplifies decision-making by identifying high-probability trading opportunities using a combination of momentum, trend, and reversals. Follow these instructions to fully utilize its capabilities without needing to analyze the underlying code.
Indicatore Pine Script®
di LeafAlgo
2
RS Cycles [QuantVue]The RS Cycles indicator is a technical analysis tool that expands upon traditional relative strength (RS) by incorporating Beta-based adjustments to provide deeper insights into a stock's performance relative to a benchmark index. It identifies and visualizes positive and negative performance cycles, helping traders analyze trends and make informed decisions. Key Concepts: Traditional Relative Strength (RS): Definition: A popular method to compare the performance of a stock against a benchmark index (e.g., S&P 500). Calculation: The traditional RS line is derived as the ratio of the stock's closing price to the benchmark's closing price. RS=Stock Price/Benchmark Price Usage: This straightforward comparison helps traders spot periods of outperformance or underperformance relative to the market or a specific sector. Beta-Adjusted Relative Strength (Beta RS): Concept: Traditional RS assumes equal volatility between the stock and benchmark, but Beta RS accounts for the stock's sensitivity to market movements. Calculation: Beta measures the stock's return relative to the benchmark's return, adjusted by their respective volatilities. Alpha is then computed to reflect the stock's performance above or below what Beta predicts: Alpha=Stock Return−(Benchmark Return×β) Significance: Beta RS highlights whether a stock outperforms the benchmark beyond what its Beta would suggest, providing a more nuanced view of relative strength. RS Cycles: The indicator identifies positive cycles when conditions suggest sustained outperformance: Short-term EMA (3) > Mid-term EMA (10) > Long-term EMA (50). The EMAs are rising, indicating positive momentum. RS line shows upward movement over a 3-period window. EMA(21) > 0 confirms a broader uptrend. Negative cycles are marked when the opposite conditions are met: Short-term EMA (3) < Mid-term EMA (10) < Long-term EMA (50). The EMAs are falling, indicating negative momentum. RS line shows downward movement over a 3-period window. EMA(21) < 0 confirms a broader downtrend. This indicator combines the simplicity of traditional RS with the analytical depth of Beta RS, making highlighting true relative strength and weakness cycles.
Indicatore Pine Script®
di QuantVue