Inizia

Relative Strength Index (RSI)

Next Pivot Projection [Trendoscope]Still experimental. Extending further on the divergence backtest results - in this script we try to project next 2 pivots (including one unconfirmed pivot) 🎲 Previous experiments 1. Divergence-Backtester 2. Divergence-Backtester-V2 🎲 Additions Apart from collecting the stats on number of occurrences of HH, HL, LH, LL - this script also keeps track of average ratio for each levels and average bars. Based on these data, we try to calculate the next pivot projections including possible bar and price. Cloud covering the candles indicate historical levels of average HH, HL, LH, LL projections. Hover on projection labels to find more details in tooltips. 🎲 Overall method in a nutshell 🎲 Going bit deeper 🎯 Unconfirmed Pivot and its projection - Last pivot of the zigzag is always unconfirmed. Meaning, it can potentially repaint based on further price movements. But, projection of the unconfirmed pivot will not change as it will be based on previous two pivots - both of which are confirmed. 🎯 Next Pivot Projection - Next pivot is projected based on last two pivots - which include last unconfirmed pivot. Hence, these projections can potentially repaint based on the last pivot repaint. 🎯 Historical projections displayed as cloud - Historical projection values are displayed as cloud around pivots. A cloud above represents area from average lower high range to average higher high range. Cloud color is green if average ratio of pivot high is more than 1. Red Otherwise. A cloud below represents area from average higher low range to average lower low range. Cloud color is red if average ratio of pivot high is more than 1. Green otherwise
Indicatore Pine Script®
di Trendoscope
136
Relative Strength Index (RSI) + Realtime DivergencesRelative Strength Index (RSI) + Realtime Divergences This version of the RSI indicator includes the following features: - Optional divergence lines drawn directly onto the oscillator in realtime. - Configurable alerts to notify you when divergences occur. - Configurable lookback periods to fine tune the divergences drawn in order to suit different trading styles and timeframes. - Background colouring option to indicate when the RSI oscillator has crossed above or below its centerline. - Alternate timeframe feature allows you to configure the oscillator to use data from a different timeframe than the chart it is loaded on. - Fadeout oscillator feature will fade out all but the most recent history, leaving your chart free of visual noise. - Flip oscillator feature can be used with the Tradingview 'Flip chart' feature (Alt+i) in order to flip both the chart and the oscillator, too. This feature is to help traders manually spot divergences that may have a strong natural bias in one direction. - Optional centerline and range bands. - Various optional moving average types, bollinger bands etc. This indicator adds additional features onto the standard RSI whose core calculations remain unchanged. Namely, the configurable option to automatically, quickly and clearly draw divergence lines onto the oscillator for you as they occur in realtime. It also has the addition of unique alerts, so you can be notified when divergences occur without spending all day watching the charts. Furthermore, this version of the RSI comes with configurable lookback periods, which can be configured in order to adjust the sensitivity of the divergences, in order to suit shorter or higher timeframe trading approaches. What is the Relative Strength Index ( RSI )? Investopedia describes the Relative Strength Index as follows: “The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of a security's recent price changes to evaluate overvalued or undervalued conditions in the price of that security. The RSI is displayed as an oscillator (a line graph) on a scale of zero to 100. The indicator was developed by J. Welles Wilder Jr. and introduced in his seminal 1978 book, New Concepts in Technical Trading Systems. The RSI can do more than point to overbought and oversold securities. It can also indicate securities that may be primed for a trend reversal or corrective pullback in price. It can signal when to buy and sell. Traditionally, an RSI reading of 70 or above indicates an overbought situation. A reading of 30 or below indicates an oversold condition.” The RSI is also commonly used to spot divergences. You can read more about the RSI and its calculations here What are divergences? Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction. There are 4 main types of divergence, which are split into 2 categories; regular divergences and hidden divergences. Regular divergences indicate possible trend reversals, and hidden divergences indicate possible trend continuation. Regular bullish divergence: An indication of a potential trend reversal, from the current downtrend, to an uptrend. Regular bearish divergence: An indication of a potential trend reversal, from the current uptrend, to a downtrend. Hidden bullish divergence: An indication of a potential uptrend continuation. Hidden bearish divergence: An indication of a potential downtrend continuation. How do traders use divergences in their trading? A divergence is considered a leading indicator in technical analysis , meaning it has the ability to indicate a potential price move in the short term future. Hidden bullish and hidden bearish divergences, which indicate a potential continuation of the current trend are sometimes considered a good place for traders to begin, since trend continuation occurs more frequently than reversals, or trend changes. When trading regular bullish divergences and regular bearish divergences, which are indications of a trend reversal, the probability of it doing so may increase when these occur at a strong support or resistance level . A common mistake new traders make is to get into a regular divergence trade too early, assuming it will immediately reverse, but these can continue to form for some time before the trend eventually changes, by using forms of support or resistance as an added confluence, such as when price reaches a moving average, the success rate when trading these patterns may increase. Typically, traders will manually draw lines across the swing highs and swing lows of both the price chart and the oscillator to see whether they appear to present a divergence, this indicator will draw them for you, quickly and clearly, and can notify you when they occur. Setting alerts. With this indicator you can set alerts to notify you when any/all of the above types of divergences occur, on any chart timeframe you choose. Configurable pivot periods. You can adjust the default pivot periods to suit your prefered trading style and timeframe. If you like to trade a shorter time frame, lowering the default lookback values will make the divergences drawn more sensitive to short term price action. Disclaimer: This script includes code from the stock RSI by Tradingview as well as the Divergence for Many Indicators v4 by LonesomeTheBlue.
Indicatore Pine Script®
di PHVNTOM_TRADER
3
Investor_Club SignalsRELATIVE STRENGTH INDEX ( RSI ) This is a tool that is widely used Especially for Overbought and Oversold systems, but I have made some changes in this indicator, How to use it...! I have set it as the default setting - RSI Length: 7 - Overbought: 70 - Oversold: 30 What is unique about this tool? we can see 3 conditions: 1) RSI Overbought / Oversold with Bullish Engulfing / Bearish Engulfing 2) RSI Overbought / Oversold with Hammer and Shooting Star 3) RSI Overbought / Oversold with 2 Bullish Bars / 2 Bearish Bars 4) RSI Overbought / Oversold with All Patterns at the same time When the RSI reaches its Oversold line, the code will wait for Bullish Engulfing pattren, when oversold and Bullish engulfing matched, This indicator will generate a buy signal when the condition is met, and same as for Bear market, When the RSI reaches its Overbought line, the code will wait for Bearish Engulfing pattren, This indicator will generate a sell/exit signal when the condition is met, 2nd condition is that a Hammer candle will be waited for when RSI touches the Overbought line, for Bullish Move and Shooting Star candle will be waited for when RSI touches the Overbought line, for Bullish Move, for Bearish Move 3rd Condition is also the same as Condition 1 and Condition 2, When the RSI reaches its Oversold line, the code will wait for 2 Bullish Bars, when oversold and 2 Bullish Bars matched then this indicator will generate a buy signal, and same as for Bear market, When the RSI reaches its Overbought line, the code will wait for 2 Bearish Bars, when overbought and 2 Bearish Bars matched then this indicator will generate a Sell signal, 4th Condition is that we can use All Conditions at the same time, - Bullish Engulfing / Bearish Engulfing - Hammer and Shooting Star - 2 Bullish Bars / 2 Bearish Bars
Indicatore Pine Script®
di Shahzaib_Rehmat
Cheat Code's RedemptionWELCOME TO THE CHEAT CODE REDEMPTION PACK!!!! I want to take a deep dive into what this indicator consists of and how you can use it to improve your trading strategy. -What does the CCR consist of? The Oscillator: The oscillator is a combination of a true strength index sampled from on-balance volume and a regular RSI at default settings. The reason I added the on-balance volume is that it does not tend to remain at overbought or oversold conditions as traditional momentum oscillators do. The Histogram: The histogram is copied to a tee from the MACD histogram, the only difference here is that I extended the moving averages to depict a special pairing; the ema55 slow and ema21 fast. I then converted it into another true strength index, as the calculations fit all time frames. The Divergences: The divergences of an indicator can be extremely useful in catching scalp opportunities, a DARK RED/GREEN represents a REGULAR divergence, while a SALMON/LIGHT GREEN color represents a HIDDEN divergence. The moving average: The moving average built into this indicator is depicted as an aqua or yellow line, when the oscillator is moving in an uptrend, the moving average will appear aqua, when the oscillator is in a downtrend it will appear yellow. Use this as confirmation bias or as the third derivative of market position. Oscillator Colors: The Oscillator color is an important thesis of this indicator. When the line is green, it means the market is effectively in an uptrend, when it is red, it means the market is in a downtrend. Use this to prevent longing in a serious downtrend and vice versa. If you have any questions regarding the indicator(s), feel free to reach out to me in the comments or through Direct Message!!! Safe Trading, Don't get Rekt - CheatCode1 <3
Indicatore Pine Script®
di CheatCode1
4
Divergence Backtester - V2Further attempts to study divergence impact on price in shorter terms. Previous study can be found here: In this script, we are trying to gather the stats based on last two pivot state together. For example, Individual table of Pivot High Projection is as explained below: But, by looking at the bigger picture, we can further estimate following things regarding the current unconfirmed pivot and the new pivot which is yet to be formed.
Indicatore Pine Script®
di Trendoscope
12
Breakout Candles + RSIHello! This is my firt script :) This indicator looks for candles that are significantly larger than the previous X candle. It is possible to set the following: Multiplier: deviation from the size of the previous X candle (if set to 3 the size of the actual candle's body /abs(open - close)/ must be larger than the size of the bigger candle from the prevous X candles) Previous candles: the number of previous candles to size check Upper RSI limit: if the RSI14 close higher than the specified number, the candle will ignore Lower RSI limit: if the RSI14 close lower than the specified number, the candle will ignore Without dojis: if checked, watches candles only that do not have a bottom spike (bullish) or top spike (bearish). Useful for Heikin-Ashi candles Feel free to left any suggestion! Thank You!
Indicatore Pine Script®
di mildZebra14333
2
Global & local RSI / quantifytoolsAs the terms global and local imply, global RSI describes broad relative strength, whereas local RSI describes local relative strength within the broad moves. A macro and micro view of relative strength so to speak. Global and local RSI are simply regular RSI and stochastic RSI. Local RSI extremes ( stochastic RSI oversold/overbought) often mark a pivot in RSI which naturally reflects to price. Local RSI extremes are visualized inside the global RSI bands (upper band for overbought, lower band for oversold) in a "heat map" style. By default: Stochastic RSI >= 75 = yellow Stochastic RSI >= 87 = orange Stochastic RSI >= 100 = pink Users also have the ability smooth the RSI with their preferred smoothing method ( SMA , EMA , HMA , RMA, WMA ) and length. This leads to different behavior in RSI, rendering the typical RSI extremes (> 70 or < 30) suboptimal or even useless. By enabling adaptive bands, the extremes are readjusted based on typical RSI pivot points (median pivots ), which gives much more relevant reference points for oversold/overbought conditions in both global and local RSI. This feature can be used without smoothing, but it rarely provides a meaningful difference, unless the RSI calculation length is messed with. Global RSI can be plotted as candles, bars or a line. Candles and bars can be useful for detecting rejections (wicks) in relative strength, the same you would with OHLC data. Sometimes there are "hidden rejections" that are visible in relative strength but not on OHLC data, which naturally gives an advantage. All colors can be adjusted in the input menu. You also have a real-time view of the current RSI states in top right corner. Available alerts are the following: global RSI overbought, global RSI oversold, local RSI overbought and local RSI oversold.
Indicatore Pine Script®
di quantifytools
2
swami_rsi Description: As in the practices, most traders find it hard to set the proper lookback period of the indicator to be used. SwamiCharts offers a comprehensive way to visualize the indicator used over a range of lookback periods. The SwamiCharts of Relative Strength Index (RSI), was developed by Ehlers - see Cycle Analytics for Traders, chapter 16. The indicator was computed over multiple times of the range of lookback period for the Relative Strength Index (RSI), from the deficient period to the relatively high lookback period i.e. 1 to 48, then plotted as one heatmap. Features: In this indicator, the improvement is to utilize the color(dot)rgb() function, which finds to giving a relatively lower time to compute, and follows the original color scheme. The confirmation level, which assumed of 25
Indicatore Pine Script®
di palitoj_endthen
4
Multi-Indicator Divergence ScreenerHere is a new screener for everyone. I have applied my Better Divergence On Any Indicator logic to scan 3 different indicators and up to 6 different assets at one time. Shoutout to LonesomeTheBlue and QuantNomad for their respective work on divergence and scanner scripts. I've implemented similar logic to put together this scanner. So far, I have added support for RSI, OBV, MACD, MFI, Stochastic, and FSR, though I'm happy to add more by request. Please note, for simplicity, I have removed the logic to filter for only overbought/oversold divergences. Because this can scan both centered oscillators and non-centered indicators, overbought/oversold does not apply to all of them. I may try to find a way to work in back in later, as time allows. Personally, I like to find confluences different types of indicators. For instance, agreeable divergence with a centered strength oscillator like RSI and a volume based indicator like OBV gives me more confidence that there will be follow-through. Like in the Better Divergence script, you can opt to scan for confirmed divergences, potential divergences, or both. You have the option to show or hide a table that will tell you exactly which assets have divergence, on which indicator they were found, and how many points of divergence were identified. By default, bull divergences will be green, bear will be red, but you can change these base colors to your liking. Confirmed divergences are shown with a solid background, while potentials (if selected) are shown with transparent background. If all 3 of your chosen indicators have divergence in the same direction, the asset name will show in the bull or bear color to highlight the confluence. Alerts have also been set up to fire on bar close. The message will essentially tell you the same thing the table does, but in condensed format. You can choose to have alerts fire any time there is any divergence detected across all assets, only when there are divergences on at least 2 of the chosen indicators for a given asset, or limit them to only when all 3 indicators show divergence in agreement.
Indicatore Pine Script®
di DoctaBot
13
RSI & BB QQE Mod (highlight)This script is a combination of the RSI, QQE and BB Here is an explanation on how I combined them, and how they are used: - RSI (Relative Strength Index) - Display a smoothed version of the RSI to identify "oversold" and "overbought" market phases - Used to calculate a QQE - QQE (Quantitative Qualitative Estimation) - Used to identify trend direction and trend strength - Used to set a basis for the BB - BB (Bollinger Bands) - Used with QQE as a basis to determine a relative definition of "high RSI" and "low RSI" - Used with QQE as a basis to determine the volatility of the RSI at a given moment - Used to predict pivot points Here are the main signals: - When "RSI Smoothed" line above the Upper BB then "RSI Smoothed" line turns green - Also , display green background color highlight - Also , and if "RSI Smoothed" is above the overbought line then display a second green background color highlight - When "RSI Smoothed" line bellow the Lower BB then "RSI Smoothed" line turns red - Also , display red background color highlight - Also , and if "RSI Smoothed" is bellow the oversold line then display a second red background color highlight A tool codded to be aesthetically pleasing and VERY customisable: - Designed for both light theme and dark theme users - Value can be easily modified in the settings - Colors can be easily swapped in the settings - Opacity of "fill" & "bgcolor" regrouped as a single input A tool codded to be easy to read and to learn from: - Sources and inspirations all listed within the script - Structure easily identifiable (to understand with little to no effort how the script works) Notes : - This script is lagging, because of that I do recommend using it on relatively large timeframe - This script is OpenSource, feel free to reuse it, but if so please remember to include a link to my script in your sources - This script is not a magical tool, use at your own risk
Indicatore Pine Script®
di DZIV
FieryTrading: Buy The Dip - Sell The RipDear Tradingview community, Today I want to share a very powerful, yet easy to use indicator with you. The indicator will find local tops or bottoms and will help you determine when it's a good time to trade a potential reversal. How does it work? The indicator makes use of the RSI to detect extremities and waits until the RSI reverses. Furthermore, a long-term moving average is used to determine whether we're in bullish or bearish market conditions. In bullish conditions the indicator will only go long, in bearish conditions the indicator will only go short. How do I use it? Favorite the indicator and apply it to your chart! You can add an alert to the indicator to receive a message once it has detected a good point for a reversal trade. The indicator can be used on all assets and on all timeframes. Personally, I've found the 1 - 4 hourly timeframes to yield the best results. Good luck!
Indicatore Pine Script®
di FieryTrading
5
[MAD] almost RSII continue to add things to the multibit ready indicators: This is a modified RSI indicator with some useful additions to make it bottrading ready: Centered around 0, so from +50 to -50. Short-Triggerline Long Triggerline following value mods are possible: POW factor --> rsi^POW final smoothings: SMA smoothing (level 1) EMA smoothing (level 2) switch all smoothings on/off signals on: Crossout (moves outside the high/low). Crossin (moves back inside the high/low) Direction change outside Direction change inside Signal filter output This is a multibit capable indicator, so signal and filter can be exported to a multibit capable daisychain. More information can be found here: have fun
Indicatore Pine Script®
di djmad
4
Mega Pendulum IndicatorThe MPI (Mega Pendulum Indicator) is a fusion between the Pendulum Indicator and the Swing Indicator and is used with specific trading rules. The MPI is a semi-bounded oscillator comprised of two lines. The first bounded line is the Pendulum Indicator which oscillates between 0 and 100 but generally oscillates between 20 and 80. The second semi-bounded line is the Swing Indicator which generally oscillates between -10 and 10. The conditions for trading the Mega Pendulum Indicator are as follows: * Buy: Whenever the Pendulum indicator crosses over its signal line (a 5-period moving average) and at the same time, the Swing Indicator must cross over -10 after having been below it. * Sell: Whenever the Pendulum indicator crosses below its signal line (a 5-period moving average) and at the same time, the Swing Indicator must cross under -10 after having been above it.
Indicatore Pine Script®
di Sofien-Kaabar
4
RSI Strategy - Backtest [AlgoRider]█ OVERVIEW Hello dear Tradingviewers ! We share with you this new indicator which simulates a trading strategy based solely on the well-known technical indicator RSI . We designed it for the sole educational and analytical purposes of showing novice traders and new investors that basing a trading strategy only on one such technical indicator is not necessarily a good thing to do. We do not recommend to apply this strategy for real. Thanks to this indicator redesigned in our own way by incorporating our simple and easy-to-use Backtest functionality, you will be able to see and report on the performance and results that such a strategy has produced in the past. The configuration window has also been designed to be easily readable and simple to use. Our goal is to make parameter customization as easy as possible. █ HOW THE STRATEGY WORKS   •   The script will trigger Long entries when the price crosses upwards the Oversold zone (Default 38.2) and Short entries when the price crosses downward the Overbought zone (Default 61.8).   •   A Short signal ends a Long trade, a Long signal ends a Short trade.   •   The script also allows setting up custom TP and SL.   •   Several options allow you to reverse entry and exit conditions of trades. You can choose to reverse entries or/and exits (Ex: when the script detects a Long Entry, it will actually trigger a Short trade).   •   You can also change the entry conditions of the strategy. Instead of entering oversold/overbought zone conditions, it will trigger entries when the Rsi changes direction and reverses (Ex: when the rsi has been going down for 5 candles, and the rsi starts going up) , regardless of the area in which the RSI is located.   •   There is no repaint, once an entry/exit symbol or drawing is displayed it doesn't change anymore. The Short and Long signals appear at the open of the candles, just after the signal was confirmed at the close of the previous candle. The custom TP and custom SL signals can appear when a candle is not yet finished, but once displayed they don't change. █ HOW TO PROCEED  1 —  Once the script is applied to your chart, it already works with its default settings. You can already see the performance of the strategy in the data table directly on the chart (in the top right corner by default).  2 —  You can customize the strategy and influence the results/performance by modifying its parameters. 4 types of parameters are present and can be modified.  3 —  You can use this indicator in all types of markets.  4 —  You can apply the script in every timeframe. █ PARAMETERS • Settings For Backtesting   - Strategy     :   Choose from a drop-down list if the strategy should execute only Long trades or only Short trades or both. Default Both.   - Invest.       :   Choose the amount you want to invest in the simulation. Default 10000.   -  Position     :   Choose the amount of the position (Size order) that will be used during the simulation. This will be the $ amount staked/involved for each trade entry. Ex: If you put 20000 in position and 10000 in Invest. We consider that you use at least a leverage x2. Default 10000.   - Slipp. TP       :   Choose the amount in percentage of average slippage for Take Profits. This parameter makes it possible to predict a potential gap between the theoretical exit price for each TP (On the graph) and the real exit price on an exchange when implementing the strategy for real (slippage may be due to a time lag of a few seconds from execution time of the order on the exchange and/or due to the execution of a market order). Ex: If a TP exit order of a Long trade, with entry $19000 (on BTCUSDT ), is carried out in theory on the chart at $20000, in practice on the exchange the script have indeed sent an exit order at 20000 , but if the true exit price is 20050, the TP slippage is then +0.25%. Default 0.   - Slipp. SL     :   Choose the amount in percentage of average slippage for Stop Losses. This parameter makes it possible to predict a potential gap between the theoretical exit price for each SL (On the graph) and the real exit price on an exchange when implementing the strategy for real. Ex: If an SL exit order of a Long trade, entry $19000 (on BTCUSDT ), is carried out in theory on the chart at $18000, in practice on the exchange the script have indeed sent an exit order at 18000 $, but if the true exit price is 17950, the slippage SL is then +0.278%. Default 0.   - Fees %       :   Choose the percentage amount of fees applied to each trade to simulate the application of the strategy on the exchange of your choice. Applies to the entry and exit of each trade. Ex: For Binance Futures: 0.04; For Bybit futures: 0.06; For Ftx Futures: 0.075. Default 0.   -  Cumulate Trades   :   If you check this, the Backtest will use 100% of the balance as Order Size (Position) for All or in the next X consecutive trades. Default not checked. ⚠️ Be Careful please, this option is available to show the full extent and possibilities of the algorithm when pushed to its limits thanks to the accumulation of profits (cumulative earnings ), but it is a strategy that involves great risk. If a bad trade suffers a -50% loss, 50% of the account balance is lost, if the position is liquidated, the entire account balance is lost.   - All          :   If you check this All trades will be accumulated. Default not checked.   - Consecutive Trades :   Choose the number of trades to accumulate. After X consecutive trades, the algorithm reassigns the initial order size to the current one and starts again for X consecutive trades. Minimum Value 2, Default 2. • Change Entry & Exit conditions   - Rsi Turns Up/Down     :  Enable this option to change conditions for trade entries. For Long entries : It will start a Long trade when RSI turns up and the RSI was falling on the last X bar(s). For Short entries : It will start a Short trade when RSI turns down and the RSI was rising on the last X bar(s). Default not checked.   - After Falling/Rising Bars(s)   :  Choose the number of bars/candles since which the price was falling/rising. Default 5.   - Reverse Entries        :  Enable this option to reverse conditions for trade entries. When a Short signal appears, it will actually start a Long trade. When a Long signal appears, it will actually start a Short trade. Default not checked.   - Reverse Exits         :  Enable this option to reverse conditions for trade exits. Default not checked.   - Safety Stop Loss         :  Enable this option to quickly cut the trade when the price turns quickly. For a Long trade : if the price returns to the oversold zone, it ends the trade. For a Short trade : if the price returns to the overbought zone, it ends the trade. Mainly useful for basic strategy (overbought/oversold conditions). Default not checked. • Settings To Optimize Performances and Risk Management   - Len RSI     :   The length of RSI . Default 14.   - Overbuy      :  You can change the limit value of the overbought zone of the RSI . Default 61.8.   - Oversell      :  You can change the limit value of the oversell zone of the RSI . Default 38.2.   - Use TP / Use SL  :  If you check these, the algorithm will trigger personalized trade exit signals when the price evolution has reached the amounts indicated since the trade entry. Default not Checked.   - % TP - SL     :  Indicate here the personalized amount in percentage that you want for your Take Profit and Stop Loss of each trade. Default 15-5. • Settings For Appearances   - Small-size Data Table  : If you check this, the data table will become smaller to free up more space on the chart to make it visually more pleasing. Default not checked.        Hide Table  /   -   Hide Labels /     : You can check these to get a cleaner chart and focus only on what interests you in the indicator. Default not checked.    Hide Risk-Reward Areas █ LIMITATIONS   •   ⚠️ We repeat it once again, this strategy is not intended to be reproduced in real conditions, we have designed it for educational and analytical purposes only.   •   Even if you see good performances when you backtest the strategy, you must take into account that these results are performed in the past and that in no case does this guarantee that these same performances will be repeated again in the future.   •   When you run for real a trading strategy you must be aware of the fact that you are solely responsible for the results that you will be able to obtain and you must be aware of the possibility at all times of partial or even total losses of your invested capital.   •   Keep in mind that generating profits in trading is difficult. A strategy can perform very well at one time in the past during a period that is favorable to it, then from one day to the next it can give really bad results for several months or years.   •   When backtesting a trading strategy, there are many factors to consider, not just trade entries to which you add a Take Profit and sometimes a Stop Loss. You must at least take into account the size of the position in relation to the capital you want to invest, the trading fees, the slippages (which can be really important depending on the exchange on which you are trading and depending on the asset you are trading), trading frequency, risk management, momentum, volumes and even more. The information published here on TradingView is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors. ═════════════════════════════════════════════════════════════════════════ Important to note : our indicators with the same backtesting system are published in separate publications, because putting them together in a single script would considerably slow down the execution of the script. In addition each indicator, even when it is based on a simple technical indicator, has several options, parameters and entry/exit conditions specific to the underlying technical indicator. Finally, we want to keep the simplicity of use, configuration and understanding of our indicator by not mixing strategies that have nothing to do with each other.
Indicatore Pine Script®
di AlgoRider_Fr
MTF Fantastic Stochastic (FS+)MTF Fantastic Stochastic (FS+) + Alerts This chart overlay indicator can signal multiple triple-timeframe Stochastic RSI overbought and oversold confluences directly onto your chart, intended for use as a confluence either for reversal trade entries, or potential trade exits, indicating where price may be probable to reverse. Features include: - Primary set of fully configurable triple-timeframe overbought and oversold signals, indicating where 3 selected timeframes are all overbought or all oversold at the same time. Enabled by default. - Secondary set of fully configurable triple-timeframe overbought and oversold signals, indicating where 3 selected timeframes are all overbought or all oversold at the same time, with alert option. Enabled by default. - Also includes standard configurable Stoch RSI options, including k length, d length, RSI length, Stochastic length, etc. - The default primary MTF #1 timeframes are set to 1minute, 5minute and 15minute. These are highly suitable for low timeframe scalpers trading on charts less than 5 minutes, and can often pin point price reversals. - The default Secondary MTF #2 timeframes are set to 15minute, 30minute and 60minute. These are suitable for both low timeframe scalpers and considerably higher timeframe traders. - Optional drawing of background colours and/or ribbon seen at bottom of the chart. - Fully configurable timeframes, as well as overbought and oversold threshold levels for each individual timeframe. Overbought and oversold thresholds are set to the factory 80 and 20 levels respectively for all timeframes by default. - Alert features for both MTF #1 and MTF #2 triple-timeframe confluences, including options for alerting overbought and oversold individually, as well as an option for alerting either overbought or oversold in a single alert. Note: THe features listed above are accurate at the time of publishing but maybe updated or added to in future. The Stochastic RSI The popular oscillator has been described as follows: “The Stochastic RSI is an indicator used in technical analysis that ranges between zero and one (or zero and 100 on some charting platforms) and is created by applying the Stochastic oscillator formula to a set of relative strength index ( RSI ) values rather than to standard price data. Using RSI values within the Stochastic formula gives traders an idea of whether the current RSI value is overbought or oversold. The Stochastic RSI oscillator was developed to take advantage of both momentum indicators in order to create a more sensitive indicator that is attuned to a specific security's historical performance rather than a generalized analysis of price change.” How do traders use overbought and oversold levels in their trading? The oversold level, that is when the Stochastic RSI is above the 80 level is typically interpreted as being 'overbought', and below the 20 level is typically considered 'oversold'. Traders will often use the Stochastic RSI at an overbought level as a confluence for entry into a short position, and the Stochastic RSI at an oversold level as a confluence for an entry into a long position. These levels do not mean that price will necessarily reverse at those levels in a reliable way, however. This is why this version of the Stoch RSI employs the triple timeframe overbought and oversold confluence, in an attempt to add a more confluence and reliability to this usage of the Stoch RSI. This indicator was originally built as one of a many features included in the RF+ Divergence Scalping System and has been separated into it's own standalone indicator here for traders who do not want the many other features bundled into the original indicator. A number of features that exist in the original were intensive, and also quite niche. Therefore this lightweight single purpose chart overlay indicator offers this versatile feature of the ever popular Stochastic RSI to a wider audience of traders who may add it to various strategies.
Indicatore Pine Script®
di PHVNTOM_TRADER
16
Overlay - HARSI + Divergences // All credit to © //@author=JayRogers & VuManChu Cipher B for their original Scripts (Open Source) / ====== ABOUT THIS INDICATOR // I've combined some part of the code of the following indicators to get some alerts based on the Idea and Use section below : // - RSI based Heikin Ashi candle oscillator // - Divergence based on the VuManChu Cipher B // -- This is the OVERLAY Version // // ====== ARTICLES and FURTHER READING // // - www.investopedia.com // // "Heikin-Ashi is a candlestick pattern technique that aims to reduce // some of the market noise, creating a chart that highlights trend // direction better than typical candlestick charts" // // ====== IDEA AND USE // - The use of the HA RSI indicator when in the OverSold and OverBought // area combined to a Divergence & a OB/OS buy/sell // on the Cipher B by VuManChu. // Can be useful as a confluence at S/R levels. // *** Tip = 1 minute timeframe seems to work the best on FOREX // // *** Alerts : // - The Divergence alert needs 2 bar to calculate, // so alerts and dots as well, it will be placed on the right spot on // the chart as per the offset added. // - Use "Once Per Bar" for the alert, not per bar close, or you would // have 1 extra bar delay // // ** Contributions : Remodel some part of the original script in order to get : // --> Total conditions for an alert and a dot to display, resumed : // - Buy/Sell in OB/OS // - Divergence Buy/Sell // - RSI Overlay is in OB/OS on current bar (or was the bar before) // when both Buy/Sell dots from VMC appears. // // ====== DISCLAIMER // For Tradingview & Pinescript moderators = // This follow a strategy where RSI Overlay from @JayRogers script shall be // in OB/OS zone, while combining it with the VuManChu Cipher B Divergences // Buy&Sell + Buy/sell alerts In OB/OS areas. // Any trade decisions you make are entirely your own responsibility. // // Thanks to dynausmaux for the code // Thanks to falconCoin for inspired me to start this. // Thanks to LazyBear for WaveTrend Oscillator // Thanks to RicardoSantos for
Indicatore Pine Script®
di LordKaan
2
HARSI + Divergences// All credit to © //@author=JayRogers & VuManChu Cipher B for their original Scripts (Open Source) / ====== ABOUT THIS INDICATOR // I've combined some part of the code of the following indicators to get some alerts based on the Idea and Use section below : // - RSI based Heikin Ashi candle oscillator // - Divergence based on the VuManChu Cipher B // // ====== ARTICLES and FURTHER READING // // - www.investopedia.com // // "Heikin-Ashi is a candlestick pattern technique that aims to reduce // some of the market noise, creating a chart that highlights trend // direction better than typical candlestick charts" // // ====== IDEA AND USE // - The use of the HA RSI indicator when in the OverSold and OverBought // area combined to a Divergence & a OB/OS buy/sell // on the Cipher B by VuManChu. // Can be useful as a confluence at S/R levels. // *** Tip = 1 minute timeframe seems to work the best on FOREX // // *** Alerts : // - The Divergence alert needs 2 bar to calculate, // so alerts and dots as well, it will be placed on the right spot on // the chart as per the offset added. // - Use "Once Per Bar" for the alert, not per bar close, or you would // have 1 extra bar delay // // ** Contributions : Remodel some part of the original script in order to get : // --> Total conditions for an alert and a dot to display, resumed : // - Buy/Sell in OB/OS // - Divergence Buy/Sell // - RSI Overlay is in OB/OS on current bar (or was the bar before) // when both Buy/Sell dots from VMC appears. // // ====== DISCLAIMER // For Tradingview & Pinescript moderators = // This follow a strategy where RSI Overlay from @JayRogers script shall be // in OB/OS zone, while combining it with the VuManChu Cipher B Divergences // Buy&Sell + Buy/sell alerts In OB/OS areas. // Any trade decisions you make are entirely your own responsibility. // // Thanks to dynausmaux for the code // Thanks to falconCoin for inspired me to start this. // Thanks to LazyBear for WaveTrend Oscillator // Thanks to RicardoSantos for
Indicatore Pine Script®
di LordKaan
2
TradingWolf Premium OscillatorsThe TradingWolf Premium Oscillators is a unique and enhanced selection of oscillators designed to help give you an edge on the markets. Within this one indicator you will have access to RSI, Stochastic, MACD, Awesome Oscillator, Wavetrend, Zig Zag Pivots and DPO. Including Divergence and Hidden Divergence signals for them. Below each indicator is explained along with its enhancements to help you understand it better. This script comes with the 'TradingWolf Premium' to get access, read the Author’s Instructions below. There are extensive explanations on how to use these oscillators in our documentation on the website but we will give a simple overview here. RSI We try not to mess with these too much because if used correctly, they are very powerful tools. The main differences you will notice is that we have highlighted the areas where you should be paying attention to the oscillator with reversal/continuation zones. The most popular feature from these will be the 4 divergences which can be toggled on or off in the settings. Stochastic Stochastic we have tried to keep as similar to the original as possible, main features are being able to select alternate timeframes for it to be calculated on as well as displaying divergences. We have created a highlighted zone for when price enters the overbought/sold territory. A lot of traders will look for crossovers happening in these areas however from our tests we have discovered entering trades as the Stochastic comes out of these areas has hugely reduced losing trades, still not a perfect strategy but it does often show that the trend is showing weakening momentum and its commonly followed by a period of sideways action before continuing in a new direction. MACD We have calculated a dynamic extreme range for the MACD, you will notice the green/red bars as the bottom and top of the Oscillator. These levels help adjust with the assets volatility so they will work universally on all assets and timeframes. When these levels get more narrow, this indicates there is a potential larger move to come, similar thought process to a Bollinger band squeeze. We like the Divergence signals you receive whilst in this OB/OS range as they give more confluence behind the divergence signal that price has over extended and is looking to retrace or consolidate. Awesome Oscillator The Awesome Oscillator is based on some pretty simple calculations but is hugely powerful. The 3 main use cases are crossing the 0 value, showing weakening momentum and divergence signals. We Particularly like the Divergence signals it gives us as they tend to be more accurate than any other oscillator. Wavetrend Wavetrend we try describe as a more dynamic Stochastic/MACD, it moves smoother and quicker without giving too many false signals. Conditions we use the Wavetrend for are similar to the MACD where we are looking for crossovers or divergences in the extreme bands, these shouldn’t be used to trade alone and should be paired with other pieces of confluence for a higher probability trade however this is one of our favourites. We also have a VWAP extreme detector which we pair with the Wavetrend, helping us identify areas where price should start cooling off. Zig Zag The main purpose of the standard Zig Zag is to analyse historical data to be able to observe cycle's in a market's movement, this requires a bit more explanation than we can include here so please refer to our documentation on the website for further guidance. DPO The detrended price oscillator is unlike other oscillators, such as the Stochastic or MACD the DPO is not a momentum indicator. It instead highlights peaks and troughs in price, which are used to estimate buy and sell points in line with the historical cycle. We personally think this is the most under-rated oscillator out there, if you simply followed the DPO above 0 for long and below for short on higher timeframes you can outperform the buy and hold return of Bitcoin (BTCUSDT)... This is just one simple way of using the DPO there are other more in depth methods of using it within our documentation.
Indicatore Pine Script®
di TradingWolf
11
PatronsitoPIndicator for the "Patrón Poderoso" strategy. This strategy is based on Bollinger Bands and RSI and try to determine overbought or oversold zones where you can trade. Both indicators are combined to provide a stronger signal. By default, it is considered an overbought zone when price is over BB upper and RSI above 80. That would be a short signal. Price below BB lower and RSI below 20 means an oversold zone and therefore a long signal. EMA 13 (by default) is included as a guide for exiting the operation. Alarms for signals in any direction can be used.
Indicatore Pine Script®
di theinfamouspaul
8
RSI ProfileThis indicator shows the RSI profile from historical RSI Value and High / Low RSI Pivots. It is inspired by the Volume Profile which is a common charting study that indicates activity at specified levels. It plots a histogram on the chart meant to identify dominant/significant levels. This script is profiling RSI levels into a histogram, which can identify the crucial RSI values in the chart. Along with the pivot options that can help identify the dominant pivot points where RSI values had been rebounding historically. How to use: There are three profile types available in the settings. When selecting RSI Values, the indicator will count RSI values from history, and plot the count in a histogram at the end of the chart. If you select RSI Pivots High or RSI Pivots Low, the indicator will count only the RSI Pivot Highs and Lows and plot the count in a histogram. Users can select the Pivot Left/Right length from the settings. Users can extend the POC line to the left, to study how the values had been reacting to POC Please note: Since the RSi values range from 0 to 100, the indicator is rounding off the values to absolute numbers. This can cause a situation where multiple POC are identified, to find the unique POC, you can increase the width of the histogram. The Max/Min RSI settings are for visual purposes only, it can help users shrink down the histogram's top and bottom visibility
Indicatore Pine Script®
di GrandAlgo
3