4x Stochastic and 1x RSI Buy and Sell SignalsBuy signal (green), when Stochastic 9, 14, 40 and 60 are bellow 20.
Sell signal (red), when Stochastic 9, 14, 40 and 60 are above 80.
Buy signal is larger, when RSI is also bellow 30.
Sell signal is larger, when RSI is also above 70.
Using RSI is optional and can be disabled.
Use this signals when confirmed by another indicators, like support and resistance levels, EMAs and fundamental analysis.
Relative Strength Index (RSI)
MTF RSI CandlesThis Pine Script indicator is designed to provide a visual representation of Relative Strength Index (RSI) values across multiple timeframes. It enhances traditional candlestick charts by color-coding candles based on RSI levels, offering a clearer picture of overbought, oversold, and sideways market conditions. Additionally, it displays a hoverable table with RSI values for multiple predefined timeframes.
Key Features
1. Candle Coloring Based on RSI Levels:
Candles are color-coded based on predefined RSI ranges for easy interpretation of market conditions.
RSI Levels:
75-100: Strongest Overbought (Green)
65-75: Stronger Overbought (Dark Green)
55-65: Overbought (Teal)
45-55: Sideways (Gray)
35-45: Oversold (Light Red)
25-35: Stronger Oversold (Dark Red)
0-25: Strongest Oversold (Bright Red)
2. Multi-Timeframe RSI Table:
Displays RSI values for the following timeframes:
1 Min, 2 Min, 3 Min, 4 Min, 5 Min
10 Min, 15 Min, 30 Min, 1 Hour, 1 Day, 1 Week
Helps traders identify RSI trends across different time horizons.
3. Hoverable RSI Values:
Displays the RSI value of any candle when hovering over it, providing additional insights for analysis.
Inputs
1. RSI Length:
Default: 14
Determines the calculation period for the RSI indicator.
2. RSI Levels:
Configurable thresholds for RSI zones:
75-100: Strongest Overbought
65-75: Stronger Overbought
55-65: Overbought
45-55: Sideways
35-45: Oversold
25-35: Stronger Oversold
0-25: Strongest Oversold
How It Works:
1. RSI Calculation:
The RSI is calculated for the current timeframe using the input RSI Length.
It is also computed for 11 additional predefined timeframes using request.security.
2. Candle Coloring:
Candles are colored based on their RSI values and the specified RSI levels.
3. Hoverable RSI Values:
Each candle displays its RSI value when hovered over, via a dynamically created label.
Multi-Timeframe Table:
A table at the bottom-left of the chart displays RSI values for all predefined timeframes, making it easy to compare trends.
Usage:
1. Trend Identification:
Use candle colors to quickly assess market conditions (overbought, oversold, or sideways).
2. Timeframe Analysis:
Compare RSI values across different timeframes to determine long-term and short-term momentum.
3. Signal Confirmation:
Combine RSI signals with other indicators or patterns for higher-confidence trades.
Best Practices
Use this indicator in conjunction with volume analysis, support/resistance levels, or trendline strategies for better results.
Customize RSI levels and timeframes based on your trading strategy or market conditions.
Limitations
RSI is a lagging indicator and may not always predict immediate market reversals.
Multi-timeframe analysis can lead to conflicting signals; consider your trading horizon.
Multi-Timeframe Technical IndicatorThis Multi-Timeframe Technical Indicator is designed for use in financial markets to assist traders in evaluating various key technical indicators across multiple timeframes. The indicator displays a table that includes the values of Moving Averages (MA), Relative Strength Index (RSI), Momentum, and VWAP for a range of timeframes, allowing for the evaluation of trends in real-time.
Key Features:
Multiple Timeframes: The indicator supports timeframes ranging from as low as 1 minute up to 1 month. By tracking indicators on multiple timeframes, traders can make better-informed decisions based on trends across different periods (e.g., short-term vs. long-term trends).
Technical Indicators:
Moving Average (MA): The MA provides insight into the trend direction of the asset's price. It can be configured as Simple Moving Average (SMA), Exponential Moving Average (EMA), or Weighted Moving Average (WMA).
Relative Strength Index (RSI): A momentum oscillator that measures the speed and change of price movements. RSI values below 50 suggest an upward trend, while values above 50 indicate a downward trend.
Momentum: Measures the rate of change of an asset's price, highlighting whether the price is increasing or decreasing.
VWAP (Volume Weighted Average Price): Reflects the average price of the asset weighted by its trading volume. Traders use this value to gauge the fair value of an asset.
Trend Indicators: The table dynamically displays trend arrows (↑ or ↓) based on the comparison of each indicator's value to the previous timeframe’s value. This allows users to identify the prevailing market sentiment or trend at a glance.
Visualization: The data is presented in an easy-to-read table format, where each value is accompanied by color-coded indicators (e.g., green for bullish trends, red for bearish trends). This provides a clear and visually accessible way to interpret complex market conditions.
Use Cases:
Day Trading: Helps day traders assess the momentum and strength of a price move on short-term timeframes like 1-minute, 5-minute, and 15-minute intervals.
Swing Trading: Provides insights into medium-term trends using 1-hour, 4-hour, and daily data points.
Long-Term Analysis: Useful for traders and investors looking to gauge the overall health of an asset over weeks or months, analyzing the 1-week and 1-month indicators.
Limitations and Risks:
As with all technical indicators, it is important to remember that the Multi-Timeframe Technical Indicator is not foolproof. While technical analysis offers valuable insights, it does not guarantee success and can lead to losses. Traders should always use a combination of different methods (technical and fundamental) and consult with financial advisors before making trading decisions.
The indicator operates as a tool for analysis but should not be the sole basis for trading decisions. According to Elder (1993), no indicator is perfect, and it is crucial to combine multiple factors when assessing market conditions. Additionally, Murphy (1999) emphasized the importance of understanding the limitations of indicators, as they are based on historical price movements and may not always predict future trends accurately.
References:
Elder, A. (1993). Trading for a Living. Wiley.
Murphy, J. J. (1999). Technical Analysis of the Financial Markets. New York Institute of Finance.
This Multi-Timeframe Technical Indicator is built to provide real-time, comprehensive data for informed decision-making, and is best used in conjunction with other analysis methods to manage risk effectively.
Red Pill VWAP/RSI DivergenceI created this indicator to identify moments in time VWAP and RSI are diverging.
Ideally useful in strong trend, bullish or bearish, as a potential entry point on a pull back for continuation. Not to be used as a stand alone signal, but rather in conjunction with any possible trend/momentum strategy.
VWAP is identified as the blue line. Green label(blue pill) is your potential entry on a pull back when price is above, stacked EMAS & VWAP for a long position. Red label(red pill) is your potential entry on a pull back when price is below inversely stacked EMAS & VWAP for a short position. These are the 2 ideal scenarios I have found. Please back test for yourself
I have had great results but must emphasis this is not a stand alone buy/sell. I use it in confluence to add conviction to my current A+ setups.
***Pivot ribbon in chart created by Saty Mahajan set to 3/10 time warp works ideal in conjunction.
***please note false positive and false negative signals can occur, particularly in chop
I hope you find this helpful . TRADE SAFE!
Xmaster Formula Indicator [TradingFinder] No Repaint Strategies🔵 Introduction
The Xmaster Formula Indicator is a powerful tool for forex trading, combining multiple technical indicators to provide insights into market trends, support and resistance levels, and price reversals. Developed in the early 2010s, it is widely valued for generating reliable buy and sell signals.
Key components include Exponential Moving Averages (EMA) for identifying trends and price momentum, and MACD (Moving Average Convergence Divergence) for analyzing trend strength and direction.
The Stochastic Oscillator and RSI (Relative Strength Index) enhance accuracy by signaling potential price reversals. Additionally, the Parabolic SAR assists in identifying trend reversals and managing risk.
By integrating these tools, the Xmaster Formula Indicator provides a comprehensive view of market conditions, empowering traders to make informed decisions.
🔵 How to Use
The Xmaster Formula Indicator offers two distinct methods for generating signals: Standard Mode and Advance Mode. Each method caters to different trading styles and strategies.
Standard Mode :
In Standard Mode, the indicator uses normalized moving average data to generate buy and sell signals. The difference between the short-term (10-period) and long-term (38-period) EMAs is calculated and normalized to a 0-100 scale.
Buy Signal : When the normalized value crosses above 55, accompanied by the trend line turning green, a buy signal is generated.
Sell Signal : When the normalized value crosses below 45, and the trend line turns red, a sell signal is issued.
This mode is simple, making it ideal for traders looking for straightforward signals without the need for additional confirmations.
Advance Mode :
Advance Mode combines multiple technical indicators to provide more detailed and robust signals.
This method analyzes trends by incorporating :
🟣 MACD
Buy Signal : When the MACD histogram bars are positive.
Sell Signal : When the MACD histogram bars are negative.
🟣 RSI
Buy Signal : When RSI is below 30, indicating oversold conditions.
Sell Signal : When RSI is above 70, suggesting overbought conditions.
🟣 Stochastic Oscillator
Buy Signal : When Stochastic is below 20.
Sell Signal : When Stochastic is above 80.
🟣 Parabolic SAR
Buy Signal : When SAR is below the price.
Sell Signal : When SAR is above the price.
A signal is generated in Advance Mode only when all these indicators align :
Buy Signal : All conditions point to a bullish trend.
Sell Signal : All conditions indicate a bearish trend.
This mode is more comprehensive and suitable for traders who prefer deeper analysis and stronger confirmations before executing trades.
🔵 Settings
Method :
Choose between "Standard" and "Advance" modes to determine how signals are generated. In Standard Mode, signals are based on normalized moving average data, while in Advance Mode, signals rely on the combination of MACD, RSI, Stochastic Oscillator, and Parabolic SAR.
Moving Average Settings :
Short Length : The period for the short-term EMA (default is 10).
Mid Length : The period for the medium-term EMA (default is 20).
Long Length : The period for the long-term EMA (default is 38).
MACD Settings :
Fast Length : The period for the fast EMA in the MACD calculation (default is 12).
Slow Length : The period for the slow EMA in the MACD calculation (default is 26).
Signal Line : The signal line period for MACD (default is 9).
Stochastic Settings :
Length : The period for the Stochastic Oscillator (default is 14).
RSI Settings :
Length : The period for the Relative Strength Index (default is 14).
🔵 Conclusion
The Xmaster Formula Indicator is a versatile and reliable tool for forex traders, offering both simplicity and advanced analysis through its Standard and Advance modes. In Standard Mode, traders benefit from straightforward signals based on normalized moving average data, making it ideal for quick decision-making.
Advance Mode, on the other hand, provides a more detailed analysis by combining multiple indicators like MACD, RSI, Stochastic Oscillator, and Parabolic SAR, delivering stronger confirmations for critical market decisions.
While the Xmaster Formula Indicator offers valuable insights and reliable signals, it is important to use it alongside proper risk management and other analytical methods. By leveraging its capabilities effectively, traders can enhance their trading strategies and achieve better outcomes in the dynamic forex market.
RSI Team Synergy | JeffreyTimmermansRSI Team Synergy
The "RSI Team Synergy" indicator is an advanced and highly customizable tool that integrates a Double RSI (DRSI) approach for comprehensive trend and momentum analysis. It utilizes two layers of RSI calculations, along with optional smoothing and various moving average types, to enhance signal accuracy. The dynamic visuals and alerts make this indicator a valuable resource for traders aiming to optimize their strategies.
Key Features
Double RSI (DRSI) Calculation
First RSI (Primary Layer): Captures the core price momentum using a configurable period.
Second RSI (DRSI Layer): Applies a second RSI calculation to the smoothed first RSI, refining signals and amplifying trend accuracy.
Double RSI Formula: Combines the smoothed RSI layers into a single robust indicator that adapts to market conditions.
Smoothing and Advanced Moving Averages
Optional Smoothing: Enables users to reduce noise by applying smoothing to both RSI layers.
Advanced MA Options: Supports multiple MA types, including SMA, EMA, WMA, RMA, DEMA, TEMA, VWMA, ZLEMA, and HMA. These can be applied to tailor the indicator to specific trading conditions.
Separate Configurations: Independent smoothing lengths and types for each RSI layer provide unparalleled customization.
Threshold and Signal System
Long Threshold: Highlights bullish conditions when the Double RSI exceeds the threshold.
Short Threshold: Signals bearish conditions when the Double RSI falls below the threshold.
Directional State: Tracks the overall direction using a state-based signal system (bullish, bearish, or neutral).
Dynamic Visualization
Oscillator Color Coding: Green shades for bullish momentum. Red shades for bearish momentum. Dynamic gradients for smoother transitions.
Glow Effect: Optional glowing lines enhance the visual clarity of the oscillator.
Threshold Lines: Configurable dashed horizontal lines to mark critical levels for easy reference.
Bar Color Integration
Bar Coloring: Matches bar colors to the oscillator's direction for cohesive visualization.
Advanced Control: Toggle bar coloring on/off without affecting other plots.
Alerts
Bullish Signal Alert: Triggers when the Double RSI crosses above the long threshold.
Bearish Signal Alert: Triggers when the Double RSI crosses below the short threshold.
Custom Messages: Alerts are equipped with descriptive messages for actionable insights.
Signal Arrows
Bullish Arrow (↑): Marks upward trends directly on the chart.
Bearish Arrow (↓): Highlights downward trends, ensuring traders never miss an opportunity.
Improvements
Customizable Thresholds: Adjustable long and short thresholds allow traders to fine-tune sensitivity.
Enhanced Smoothing Control: Separate smoothing options for each RSI layer provide flexibility in noise reduction.
Multiple MA Types: Extensive support for advanced moving averages to suit diverse trading preferences.
Color-Coded Oscillator: Improves trend visibility with gradient-based coloring and optional glow effects.
Signal Detection: Clear and intuitive arrows directly on the chart for quick signal interpretation.
Alerts and Notifications: Comprehensive alert conditions keep traders informed in real-time.
Use Cases
Momentum Analysis: Identify sustained bullish or bearish trends using the Double RSI calculation.
Noise Reduction: Utilize smoothing and advanced MA options to remove market noise.
Reversal Detection: Spot potential trend reversals with threshold-based signals.
Customizable Strategies: Tailor the indicator for scalping, swing trading, or long-term analysis.
The RSI Team Synergy indicator combines precision, flexibility, and intuitive design, making it an essential tool for traders at all levels. With its innovative Double RSI approach and advanced customization options, it provides actionable insights for mastering market trends.
This script is inspired by "Clokivez" . However, it is more advanced and includes additional features and options.
-Jeffrey
Big Candle Identifier with RSI Divergence and Advanced Stops1. Strategy Objective
The main goal of this strategy is to:
Identify significant price momentum (big candles).
Enter trades at opportune moments based on market signals (candlestick patterns and RSI divergence).
Limit initial risk through a fixed stop loss.
Maximize profits by using a trailing stop that activates only after the trade moves a specified distance in the profitable direction.
2. Components of the Strategy
A. Big Candle Identification
The strategy identifies big candles as indicators of strong momentum.
A big candle is defined as:
The body (absolute difference between close and open) of the current candle (body0) is larger than the bodies of the last five candles.
The candle is:
Bullish Big Candle: If close > open.
Bearish Big Candle: If open > close.
Purpose: Big candles signal potential continuation or reversal of trends, serving as the primary entry trigger.
B. RSI Divergence
Relative Strength Index (RSI): A momentum oscillator used to detect overbought/oversold conditions and divergence.
Fast RSI: A 5-period RSI, which is more sensitive to short-term price movements.
Slow RSI: A 14-period RSI, which smoothens fluctuations over a longer timeframe.
Divergence: The difference between the fast and slow RSIs.
Positive divergence (divergence > 0): Bullish momentum.
Negative divergence (divergence < 0): Bearish momentum.
Visualization: The divergence is plotted on the chart, helping traders confirm momentum shifts.
C. Stop Loss
Initial Stop Loss:
When entering a trade, an immediate stop loss of 200 points is applied.
This stop loss ensures the maximum risk is capped at a predefined level.
Implementation:
Long Trades: Stop loss is set below the entry price at low - 200 points.
Short Trades: Stop loss is set above the entry price at high + 200 points.
Purpose:
Prevents significant losses if the price moves against the trade immediately after entry.
D. Trailing Stop
The trailing stop is a dynamic risk management tool that adjusts with price movements to lock in profits. Here’s how it works:
Activation Condition:
The trailing stop only starts trailing when the trade moves 200 ticks (profit) in the right direction:
Long Position: close - entry_price >= 200 ticks.
Short Position: entry_price - close >= 200 ticks.
Trailing Logic:
Once activated, the trailing stop:
For Long Positions: Trails behind the price by 150 ticks (trail_stop = close - 150 ticks).
For Short Positions: Trails above the price by 150 ticks (trail_stop = close + 150 ticks).
Exit Condition:
The trade exits automatically if the price touches the trailing stop level.
Purpose:
Ensures profits are locked in as the trade progresses while still allowing room for price fluctuations.
E. Trade Entry Logic
Long Entry:
Triggered when a bullish big candle is identified.
Stop loss is set at low - 200 points.
Short Entry:
Triggered when a bearish big candle is identified.
Stop loss is set at high + 200 points.
F. Trade Exit Logic
Trailing Stop: Automatically exits the trade if the price touches the trailing stop level.
Fixed Stop Loss: Exits the trade if the price hits the predefined stop loss level.
G. 21 EMA
The strategy includes a 21-period Exponential Moving Average (EMA), which acts as a trend filter.
EMA helps visualize the overall market direction:
Price above EMA: Indicates an uptrend.
Price below EMA: Indicates a downtrend.
H. Visualization
Big Candle Identification:
The open and close prices of big candles are plotted for easy reference.
Trailing Stop:
Plotted on the chart to visualize its progression during the trade.
Green Line: Indicates the trailing stop for long positions.
Red Line: Indicates the trailing stop for short positions.
RSI Divergence:
Positive divergence is shown in green.
Negative divergence is shown in red.
3. Key Parameters
trail_start_ticks: The number of ticks required before the trailing stop activates (default: 200 ticks).
trail_distance_ticks: The distance between the trailing stop and price once the trailing stop starts (default: 150 ticks).
initial_stop_loss_points: The fixed stop loss in points applied at entry (default: 200 points).
tick_size: Automatically calculates the minimum tick size for the trading instrument.
4. Workflow of the Strategy
Step 1: Entry Signal
The strategy identifies a big candle (bullish or bearish).
If conditions are met, a trade is entered with a fixed stop loss.
Step 2: Initial Risk Management
The trade starts with an initial stop loss of 200 points.
Step 3: Trailing Stop Activation
If the trade moves 200 ticks in the profitable direction:
The trailing stop is activated and follows the price at a distance of 150 ticks.
Step 4: Exit the Trade
The trade is exited if:
The price hits the trailing stop.
The price hits the initial stop loss.
5. Advantages of the Strategy
Risk Management:
The fixed stop loss ensures that losses are capped.
The trailing stop locks in profits after the trade becomes profitable.
Momentum-Based Entries:
The strategy uses big candles as entry triggers, which often indicate strong price momentum.
Divergence Confirmation:
RSI divergence helps validate momentum and avoid false signals.
Dynamic Profit Protection:
The trailing stop adjusts dynamically, allowing the trade to capture larger moves while protecting gains.
6. Ideal Market Conditions
This strategy performs best in:
Trending Markets:
Big candles and momentum signals are more effective in capturing directional moves.
High Volatility:
Larger price swings improve the probability of reaching the trailing stop activation level (200 ticks).
[MAD] Self-Optimizing RSIOverview
This script evaluates multiple RSI lengths within a specified range, calculates performance metrics for each, and identifies the top 3 configurations based on a custom scoring system. It then plots the three best RSI curves and optionally displays a summary table and label.
How It Works
The script calculates a custom RSI for each length in the range.
It simulates entering a long position when RSI crosses below the Buy Value and exits when RSI crosses above the Sell Value.
Each trade's return is stored in the relevant StatsContainer.
Metrics Computation
After all bars have been processed,
* Net Profit,
* Sharpe Ratio, and
* Win Rate
are computed for each RSI length.
A weighted score is then derived using the input weights.
Top 3 Identification
The script finds the three RSI lengths with the highest scores.
The RSI lines for these top 3 lengths are plotted in different colors.
If enabled, a table listing the top 3 results (Rank, RSI length, Sharpe, NetPnL, Win Rate) is shown.
If enabled, a label with the highest-scoring RSI length and its score is placed on the final bar.
Usage Tips
Adjust Min RSI Length and Max RSI Length to explore a narrower or wider range of periods.
Be aware, to high settings will slow down the calculation.
Experiment with different RSI Buy Value and RSI Sell Value settings if you prefer more or fewer trade signals.
Confirm that Min Trades Required aligns with the desired confidence level for the computed metrics.
Modify Weight: Sharpe, Weight: NetProfit, and Weight: WinRate to reflect which metrics are most important.
Troubleshooting
If metrics remain - or NaN, confirm enough trades (Min Trades Required) have occurred.
If no top 3 lines appear, it could mean no valid trades were taken in the specified range, or the script lacks sufficient bars to calculate RSI for some lengths. In this case set better buyvalue and sellvalues in the inputs
Disclaimer
Past performance is not indicative of future results specialy as this indicator can repaint based on max candles in memory which are limited by your subscription
Machine Learning IndexesMachine Learning Indexes Script Description
The Machine Learning Indexes script is an advanced Pine Script™ indicator that applies machine learning techniques to analyze various market data types. It enables traders to generate adaptive long and short signals using highly customizable settings for signal detection and analysis.
Key Features:
Signal Mode: Allows the user to choose between generating signals for "Longs" (buy opportunities) or "Shorts" (sell opportunities).
Index Type: Supports multiple index types including RSI, CCI, MFI, Stochastic, and Momentum. All indexes are normalized between 0-100 for uniformity.
Data Set Selection: Provides options for analyzing Price, Volume, Volatility, or Momentum-based data sets. This enables traders to adapt the script to their preferred market analysis methodology.
Absolute vs. Directional Changes: Includes a toggle to calculate absolute changes for values or maintain directional sensitivity for trend-based analysis.
Dynamic Index Calculation: Automatically calculates and compares multiple index lengths to determine the best fit for current market conditions, adding precision to signal generation.
Input Parameters:
Signal Settings:
Signal Mode: Selects between "Longs" or "Shorts" to define the signal direction.
Index Type: Chooses the type of market index for calculations. Options include RSI, CCI, MFI, Stochastic, and Momentum.
Data Set Type: Determines the basis of the analysis, such as Price, Volume, Volatility, or Momentum-based data.
Absolute Change: Toggles whether absolute or directional changes are considered for calculations.
Index Settings:
Min Index Length: Sets the base index length used for calculations.
Index Length Variety: Adjusts the increment steps for variations in index length.
Lower/Upper Bands: Define thresholds for the selected index, indicating overbought and oversold levels.
Signal Parameters:
Target Signal Size: Number of bars used to identify pivot points.
Backtest Trade Size: Defines the number of bars over which signal performance is measured.
Sample Size: Number of data points used to calculate signal metrics.
Signal Strength Needed: Sets the minimum confidence required for a signal to be considered valid.
Require Low Variety: Option to prioritize signals with lower variability in results.
How It Works:
The script dynamically calculates multiple index variations and compares their accuracy to detect optimal parameters for generating signals.
Signal validation considers the chosen mode (longs/shorts), data set, index type, and signal parameters.
Adaptive moving averages (ADMA) and Band Signals (BS) are plotted to visualize the interaction between market trends and thresholds.
Long and short signals are displayed with clear up (L) and down (S) labels for easy interpretation.
Performance Metrics:
Success Rate: Percentage of valid signals that led to profitable outcomes.
Profit Factor: Ratio of gains from successful trades to losses from unsuccessful trades.
Disclaimer:
This indicator is for informational purposes only and does not guarantee future performance. It is designed to support traders in making informed decisions but should be used alongside other analysis methods and risk management strategies.
BS | Buy&Sell Signals With EMAKey Features:
EMA Intersections: Generates clear buy and sell signals based on predefined EMA crossings.
5 EMA Lines: Visualize market trends with five distinct EMA lines plotted on the chart.
Support and Resistance Levels: Easily identify crucial support and resistance levels with our integrated marker.
Comprehensive Indicator Panel: At the bottom of the chart, track Stochastic, RSI, Supertrend, and SMA across multiple timeframes (1m, 5m, 15m, 1H, 4H, Daily, Weekly).
Fully Customizable: Almost every indicator within the tool is adjustable to suit your preferences and trading style.
Alarm Feature: Set up alarms to stay informed of important market movements.
Unlock the full potential of your trading strategy with BS | Buy&Sell Signals With EMA. Customize, analyze, and trade with confidence.
created by @bahadirsezer
MONEYZEYAH | MAIN MOMENTUM INDICATOREffortlessly track momentum and trend reversals with this streamlined indicator that overlays RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) in a single, easy-to-read format.
🔹 Key Features:
Dual Analysis – Combines RSI and MACD on the same panel, reducing clutter and enhancing chart clarity.
Crossover Alerts:
🟢 Green Dot – Bullish MACD crossover below the zero line, signaling potential upward momentum.
🔴 Red Dot – Bearish MACD crossover above the zero line, indicating possible downward pressure.
⚫ RSI Overlay – Clean gray lines display basic RSI to help identify overbought and oversold conditions.
🎯 Why Use This Indicator?
Saves screen space by combining two essential momentum tools.
Instantly spot reversal signals without flipping between indicators.
Ideal for traders who value simplicity and efficiency.
Improved RSI Trend Sniper | JeffreyTimmermansImproved RSI Trend Sniper
This indicator, the "Improved RSI Trend Sniper" is a sophisticated tool designed to enhance market trend analysis by integrating customizable RSI thresholds with advanced moving average options and refined visual enhancements.
Key Features
Advanced Moving Average Options:
The indicator now supports multiple moving average types: SMA, EMA, SMMA, WMA, VWMA, LSMA, HMA, and ALMA, offering greater flexibility in trend analysis.
Users can customize the moving average length for precise momentum detection.
Enhanced Momentum Detection:
Upgraded to allow dynamic calculation of momentum based on user-selected moving averages.
Conditions for bullish or bearish momentum now consider changes in the chosen moving average rather than a fixed EMA, improving accuracy.
Visual Upgrades:
A gradient-based trend fill with multiple opacity layers provides a visually appealing representation of bullish and bearish trends.
New dashboard integration displays key market information, including the ticker, timeframe, and current trend (bullish or bearish).
Improved Signal Customization:
Customizable colors and labels for bullish and bearish signals ensure easy identification on the chart.
Enhanced settings for showing or hiding labels and trend fills
Refined Alerts System:
Alerts are now generated for bullish and bearish conditions with customized messages for better responsiveness.
Alerts can be triggered once per bar close, making them more reliable.
What's New:
RSI and MA Customization: Users can define thresholds and moving average settings, providing more control over trend analysis.
Dashboard Integration: Displays real-time updates directly on the chart for improved situational awareness.
Visual Enhancements: Introduced gradient fills for trend regions, making trends more distinct.
Expanded Moving Average Options: Allows for tailored strategies using various MA calculation methods.
Alert Messaging: Streamlined notifications for actionable insights.
How It Works
Momentum Analysis:
Bullish momentum is detected when the RSI crosses above the bullish threshold and the moving average is increasing.
Bearish momentum is flagged when the RSI falls below the bearish threshold, and the moving average is decreasing.
Trend Visualization:
Bullish trends are highlighted with gradient shades of green, while bearish trends use shades of red.
Labels appear on the chart to mark key turning points.
Tailored for Different Trading Styles
The Improved RSI Trend Sniper is versatile and adaptable, catering to traders with various time horizons:
Long-Term Adjustments: For traders focusing on long-term trends, increasing the RSI length and moving average period allows the indicator to smooth out minor price fluctuations and highlight sustained momentum. Selecting slower-moving averages like the SMA or LSMA further filters out short-term noise, ensuring signals align with broader market trends.
Medium-Term Adjustments: Swing traders can use a balanced RSI length (e.g., 14–20) and a medium moving average period (e.g., 20–50) to capture actionable signals within the mid-range market cycles. The inclusion of options like EMA or SMMA ensures quicker reactions to price changes while maintaining moderate sensitivity to reversals.
Short-Term Adjustments: For day traders or scalpers, using a shorter RSI period (e.g., 7–10) alongside faster moving averages such as the HMA or ALMA can provide quicker signals for high-frequency trading. These adjustments enhance the ability to react swiftly to immediate market shifts, ideal for fast-paced trading environments.
By customizing the indicator’s settings to align with your trading timeframe, the Improved RSI Trend Sniper ensures accurate and relevant insights, empowering traders to optimize their strategies across any market condition.
Dashboard Details
Provides an at-a-glance view of market data for the current ticker and timeframe.
The Improved RSI Trend Sniper takes the original tool to the next level, offering a more comprehensive, customizable, and visually intuitive approach to market trend analysis. Perfect for traders looking to refine their strategies with actionable insights.
-Jeffrey
Relative Performance Indicator by ComLucro - 2025_V01The "Relative Performance Indicator by ComLucro - 2025_V01" is a powerful tool designed to analyze an asset's performance relative to a benchmark index over multiple timeframes. This indicator provides traders with a clear view of how their chosen asset compares to a market index in short, medium, and long-term periods.
Key Features:
Customizable Lookback Periods: Analyze performance across three adjustable periods (default: 20, 50, and 200 bars).
Relative Performance Analysis: Calculate and visualize the difference in percentage performance between the asset and the benchmark index.
Dynamic Summary Label: Displays a detailed breakdown of the asset's and index's performance for the latest bar.
User-Friendly Interface: Includes customizable colors and display options for clear visualization.
How It Works:
The script fetches closing prices of both the asset and a benchmark index.
It calculates percentage changes over the selected lookback periods.
The indicator then computes the relative performance difference between the asset and the index, plotting it on the chart for easy trend analysis.
Who Is This For?:
Traders and investors who want to compare an asset’s performance against a benchmark index.
Those looking to identify trends and deviations between an asset and the broader market.
Disclaimer:
This tool is for educational purposes only and does not constitute financial or trading advice. Always use it alongside proper risk management strategies and backtest thoroughly before applying it to live trading.
Chart Recommendation:
Use this script on clean charts for better clarity. Combine it with other technical indicators like moving averages or trendlines to enhance your analysis. Ensure you adjust the lookback periods to match your trading style and the timeframe of your analysis.
Additional Notes:
For optimal performance, ensure the benchmark index's data is available on your TradingView subscription. The script uses fallback mechanisms to avoid interruptions when index data is unavailable. Always validate the settings and test them to suit your trading strategy.
RSI Convergence DivergenceRSI based oscillator inspired by the MACD.
Indicator that consists of two RSI calibrated at different lengths to take advantage of their convergence, divergence, overall direction, overall strength and several other metrics to extract signals from the price action.
This indicator includes:
- Fast RSI
- Slow RSI
- Signal line to identify convergence/divergence
- Simple moving average applied to the average of the two RSI
- DEMA applied to the average of the two RSI
- An average moving average of the SMA and DEMA
Some of the applications of this indicator:
- Simple convergence/divergence signaled by the moving average going above or below zero.
- Crossover between SMA and DEMA
- Combination of convergence/divergence and one of the 3 MAs reaching overbought or oversold threshold
- Average moving average going above or below 50
The combinations of different conditions are countless and limited only by the imagination of the user.
The visualization inputs, besides allowing to choose the candle coloring, give the user the ability to keep the chart clean and only see the signals he is interested into.
Machine Learning RSI Bands V3The Machine Learning RSI Bands V3 is a cutting-edge trading tool designed to provide actionable insights by combining the strength of machine learning with a traditional RSI framework. It adapts dynamically to changing market conditions, offering traders a robust, data-driven approach to identifying opportunities.
Let’s break down its functionality and the logic behind each input to give you a clear understanding of how it works and how you can use it effectively.
RSI Parameters RSI Source (rsisrc): Choose the data source for RSI calculation, such as the closing price. This allows you to focus on the specific price data that aligns with your trading strategy. RSI Length (rsilen): Set the number of periods used for RSI calculation. A shorter length makes the RSI more reactive to price changes, while a longer length smooths out volatility. These inputs allow you to customize the foundational RSI calculations, ensuring the indicator fits your style of trading.
Band Limits Lower Band Limit (lb): Defines the RSI value below which the market is considered oversold. Upper Band Limit (ub): Defines the RSI value above which the market is considered overbought. These settings give you control over the thresholds for market conditions. By adjusting the band limits, you can tailor the indicator to be more or less sensitive to market movements.
Sampling and Reaction Settings Target Reaction Size (l): Determines the number of bars used to define pivot points. Smaller values react to shorter-term price movements, while larger values focus on broader trends. Backtesting Reaction Size (btw): Sets the number of bars used to validate signal performance. This ensures signals are only considered valid if they perform consistently within the specified range. Data Format (version): Choose between Absolute (ignoring direction) and Directional (incorporating directional price changes). Sampling Method (sm): Select how the data is analyzed—options include Price Movement, Volume Movement, RSI Movement, Trend Movement, or a Hybrid approach. These settings empower you to refine how the indicator processes and interprets data, whether focusing on short-term price shifts or broader market trends.
Signal Settings Signal Confidence Method (cm): Choose between: Threshold: Signals must meet a confidence limit before being generated. Voting: Requires a majority of 5 signal components to confirm a trade. Confidence Limit (cl): Defines the confidence threshold for generating signals when using the Threshold method. Votes Needed (vn): Sets the number of votes required to confirm a trade when using the Voting method. Use All Outputs (fm): If enabled, signals are generated without filtering, providing an unfiltered view of potential opportunities. This section offers a balance between precision and flexibility, enabling you to control the rigor applied to signal generation.
How It Works
The script uses machine learning models to adaptively calculate dynamic RSI bands. These bands adjust based on market conditions, providing a more responsive and nuanced interpretation of overbought and oversold levels.
Dynamic Bands: The lower and upper RSI bands are recalibrated using machine learning to reflect current market conditions. Signals: Long and short signals are generated when RSI crosses these bands, with additional filters applied based on your chosen confidence method and sampling settings. Transparency: Real-time success rates and profit factors are displayed on the chart, giving you clear feedback on the indicator's performance.
Why Use Machine Learning RSI Bands V3?
This indicator is built for traders who want more than static thresholds and generic signals. It offers:
Adaptability: Machine learning dynamically adjusts the indicator to market conditions. Customizability: Each input serves a specific purpose, giving you full control over its behavior. Accountability: With built-in performance metrics, you always know how the tool is performing.
This is a tool designed for those who value precision and adaptability in trading.
MA Crossover + RSI Strategy [deepakks444]MA Crossover + RSI Strategy Indicator
This indicator is designed to provide buy (long) and sell (short) signals based on a combination of moving average (MA) crossovers, the Relative Strength Index (RSI), and a custom moving average filter. It allows traders to identify potential entry and exit points based on price trends and momentum.
Key Components
Moving Averages (MAs):
Short EMA (Exponential Moving Average): Default length of 9.
Long EMA: Default length of 21.
These MAs are used to detect trend crossovers. A bullish trend is indicated when the short EMA crosses above the long EMA, and a bearish trend is indicated when the short EMA crosses below the long EMA.
Custom Moving Average (Custom MA):
Configurable to be one of the following: SMA (Simple Moving Average), EMA, WMA (Weighted Moving Average), or VWMA (Volume Weighted Moving Average).
Default length is 200, commonly used as a long-term trend indicator.
Color-coded dynamically:
Green: Price is above the Custom MA.
Red: Price is below the Custom MA.
Relative Strength Index (RSI):
Default length of 14.
Customizable Overbought Level (default: 60) and Oversold Level (default: 40).
Provides a momentum filter to ensure trades are taken when the market exhibits strong trends in a favorable direction.
Signal Logic
Buy Signal (Long Entry - XL):
The Short EMA crosses above the Long EMA (bullish crossover).
RSI value is above the oversold level (indicating momentum is not excessively weak).
The price is above the Custom MA, confirming alignment with the prevailing trend.
Sell Signal (Short Entry - XS):
The Short EMA crosses below the Long EMA (bearish crossover).
RSI value is below the overbought level (indicating momentum is not excessively strong).
The price is below the Custom MA, confirming alignment with the prevailing trend.
Pending Signals
Pending signals account for situations where the crossover and RSI conditions are met, but the price has not yet crossed the Custom MA. These are tracked to activate only when the price moves in alignment with the Custom MA:
Pending Buy:
Triggered when:
Short EMA crosses above Long EMA.
RSI > Oversold Level.
Price is below the Custom MA.
Activates when the price crosses above the Custom MA.
Pending Sell:
Triggered when:
Short EMA crosses below Long EMA.
RSI < Overbought Level.
Price is above the Custom MA.
Activates when the price crosses below the Custom MA.
Visual Elements
EMA Lines:
Blue Line: Short EMA.
Red Line: Long EMA.
Custom MA:
Green: Indicates price is above the Custom MA.
Red: Indicates price is below the Custom MA.
Signal Arrows:
Green UP Arrow (XL): Buy signal.
Red DOWN Arrow (XS): Sell signal.
Alerts
Configurable alerts notify the user when:
Buy Signal: "Price crossed above the short EMA and RSI is oversold."
Sell Signal: "Price crossed below the short EMA and RSI is overbought."
Strategy Overview
This strategy combines trend-following (EMA crossovers) and momentum confirmation (RSI) with a Custom MA filter to ensure trades align with broader market trends. The Custom MA acts as a safety check, preventing trades against the prevailing trend.
Disclaimer
This script is for educational purposes only. Trading involves significant financial risk, and past performance is not indicative of future results. Use this script at your own discretion, and always backtest before deploying it in live markets. The author is not responsible for any financial losses incurred while using this script.
Suitability
This indicator is suitable for traders who prefer to combine trend-based strategies with momentum confirmation to filter out false signals and increase trade reliability.
AI InfinityAI Infinity – Multidimensional Market Analysis
Overview
The AI Infinity indicator combines multiple analysis tools into a single solution. Alongside dynamic candle coloring based on MACD and Stochastic signals, it features Alligator lines, several RSI lines (including glow effects), and optionally enabled EMAs (20/50, 100, and 200). Every module is individually configurable, allowing traders to tailor the indicator to their personal style and strategy.
Important Note (Disclaimer)
This indicator is provided for educational and informational purposes only.
It does not constitute financial or investment advice and offers no guarantee of profit.
Each trader is responsible for their own trading decisions.
Past performance does not guarantee future results.
Please review the settings thoroughly and adjust them to your personal risk profile; consider supplementary analyses or professional guidance where appropriate.
Functionality & Components
1. Candle Coloring (MACD & Stochastic)
Objective: Provide an immediate visual snapshot of the market’s condition.
Details:
MACD Signal: Used to identify bullish and bearish momentum.
Stochastic: Detects overbought and oversold zones.
Color Modes: Offers both a simple (two-color) mode and a gradient mode.
2. Alligator Lines
Objective: Assist with trend analysis and determining the market’s current phase.
Details:
Dynamic SMMA Lines (Jaw, Teeth, Lips) that adjust based on volatility and market conditions.
Multiple Lengths: Each element uses a separate smoothing period (13, 8, 5).
Transparency: You can show or hide each line independently.
3. RSI Lines & Glow Effects
Objective: Display the RSI values directly on the price chart so critical levels (e.g., 20, 50, 80) remain visible at a glance.
Details:
RSI Scaling: The RSI is plotted in the chart window, eliminating the need to switch panels.
Dynamic Transparency: A pulse effect indicates when the RSI is near critical thresholds.
Glow Mode: Choose between “Direct Glow” or “Dynamic Transparency” (based on ATR distance).
Custom RSI Length: Freely adjustable (default is 14).
4. Optional EMAs (20/50, 100, 200)
Objective: Utilize moving averages for trend assessment and identifying potential support/resistance areas.
Details:
20/50 EMA: Select which one to display via a dropdown menu.
100 EMA & 200 EMA: Independently enabled.
Color Logic: Automatically green (price > EMA) or red (price < EMA). Each EMA’s up/down color is customizable.
Configuration Options
Candle Coloring:
Choose between Gradient or Simple mode.
Adjust the color scheme for bullish/bearish candles.
Transparency is dynamically based on candle body size and Stochastic state.
Alligator Lines:
Toggle each line (Jaw/Teeth/Lips) on or off.
Select individual colors for each line.
RSI Section:
RSI Length can be set as desired.
RSI lines (0, 20, 50, 80, 100) with user-defined colors and transparency (pulse effect).
Additional lines (e.g., RSI 40/60) are also available.
Glow Effects:
Switch between “Dynamic Transparency” (ATR-based) and “Direct Glow”.
Independently applied to the RSI 100 and RSI 0 lines.
EMAs (20/50, 100, 200):
Activate each one as needed.
Each EMA’s up/down color can be customized.
Example Use Cases
Trend Identification:
Enable Alligator lines to gauge general trend direction through SMMA signals.
Timing:
Watch the Candle Colors to spot potential overbought or oversold conditions.
Fine-Tuning:
Utilize the RSI lines to closely monitor important thresholds (50 as a trend barometer, 80/20 as possible reversal zones).
Filtering:
Enable a 50 EMA to quickly see if the market is trading above (bullish) or below (bearish) it.
Max The Minner: RSI Bands with Min/Max [by Oberlunar]This Pine Script, titled "Max The Minner: RSI Bands with Min/Max " is a technical indicator designed to visualize RSI-based dynamic bands with local minimum and maximum levels on a chosen timeframe. The script incorporates user-configurable parameters for RSI thresholds, resolution, and color settings, providing traders with a highly customizable tool for analyzing price behavior in relation to overbought and oversold conditions.
Core Functionality
The script begins by calculating the RSI (Relative Strength Index) using user-defined inputs for overbought and oversold levels, the RSI length, and the resolution (default set to daily). The RSI is computed through an exponential moving average (EMA) approach that smooths the upward and downward price movements, creating adaptive upper (ub) and lower (lb) bands based on the overbought and oversold thresholds.
These bands are then dynamically adjusted based on the current price (src) and the EMA calculations. The upper band (ub) represents a potential resistance zone aligned with the RSI overbought level, while the lower band (lb) represents a support zone aligned with the RSI oversold level. The script employs additional calculations to ensure the adaptive nature of these bands, depending on whether the RSI is pushing higher or lower relative to its thresholds.
Local Minima and Maxima
A key feature of the indicator is its ability to track and update local minima and maxima based on the chosen timeframe. The script uses a buffer system that refreshes these levels every three bars to smooth out noise and avoid excessive sensitivity to short-term fluctuations. These local extrema (localMin and localMax) are retrieved from the lower and upper prices of the selected timeframe and act as dynamic benchmarks for evaluating the RSI bands.
Conditional Logic
The script includes conditional logic to determine when the RSI bands intersect with or approach the local maxima or minima. For example:
The upper band (ub) is plotted only if it is below the local maximum, suggesting that price may encounter resistance.
Similarly, the lower band (lb) is plotted only if it is above the local minimum, indicating potential support.
This logic ensures that the bands are contextually relevant to the prevailing market structure, rather than being static overlays.
Visualization
The RSI bands and local extrema are plotted on the chart using color-coded lines, with transparency adjustable through user inputs. The upper band and local maximum are linked with a fill area, visually representing the resistance zone. Similarly, the lower band and local minimum are filled to highlight the support zone. These fills provide a clear depiction of price boundaries, making it easier for traders to spot key levels.
Additionally, the script marks breakout conditions. If the price exceeds the local maximum, a label is plotted at the breakout point with a distinctive style and color. Similarly, a breakout below the local minimum is labeled, providing a visual cue for significant price movements.
Customization
The script offers extensive customization options for both functionality and appearance:
Users can define the overbought and oversold levels for RSI, along with the RSI length and the resolution (timeframe).
Colors for the upper and lower bands, along with transparency (alpha) levels, can be adjusted, allowing for seamless integration with different chart styles.
The periodicity of the local minima and maxima updates is hardcoded to three bars but could be further parameterized for greater flexibility.
This indicator is particularly useful for traders who rely on RSI-based strategies and need a dynamic representation of overbought and oversold conditions in conjunction with local price extremes. By combining RSI bands with the context provided by local minima and maxima, it allows traders to:
Identify potential support and resistance levels.
Visualize price behavior relative to RSI thresholds.
Spot breakout opportunities when price exceeds predefined levels.
Dual Spectrum RSI [CHE]Dual Spectrum RSI Indicator
Introduction
The Dual Spectrum RSI Indicator is an innovative and robust tool designed for traders aiming to enhance their market analysis and trading precision. This script leverages multi-timeframe analysis, advanced RSI configurations, and customizable visualization options to provide actionable insights for both trend-following and contrarian strategies.
Key Features
1. Dynamic Timeframe Selection
- Automatically adapts the resolution based on the current chart's timeframe.
- Options to switch between Auto Timeframe, Multiplier-based Timeframe, or Manual Resolution for complete control.
2. Advanced RSI Calculations
- Dual RSI setup for multi-layered analysis:
- Primary RSI for trend identification on the higher timeframe (HTF).
- Secondary RSI for entry signals with oversold/overbought crossovers on the current chart timeframe.
3. EMA Integration on Higher Timeframe (HTF)
- The Exponential Moving Average (EMA) acts as a robust trend filter, calculated on the Higher Timeframe (HTF).
- This ensures that trade signals align with the broader market trend, providing a strategic edge and reducing noise from lower timeframes.
4. Signal Clarity
- Visual labels for Buy and Sell signals directly on the chart.
- Dynamic stop-loss suggestions that adjust based on EMA crossovers and trend changes.
5. Customizable Visualization
- Gradient fills for overbought/oversold zones provide intuitive visual cues.
- User-friendly inputs for adjusting separator lines, color schemes, and label styles.
6. Comprehensive Data Display
- Real-time updates in an Info Box, showing active timeframe settings and resolution.
- Easy-to-understand trend conditions, making it accessible for both novice and professional traders.
Benefits for Traders
1. Precision in Decision-Making
The multi-timeframe capability ensures that traders always have the broader market context, minimizing false signals and enhancing trade accuracy.
2. Flexibility and Customization
Fully adjustable parameters allow traders to tailor the indicator to their unique trading style, whether scalping, day trading, or swing trading.
3. Enhanced Market Insights
By combining HTF trend filters, RSI dynamics, and EMA thresholds, this indicator provides a holistic view of market conditions.
4. User-Friendly Interface
The clean layout and intuitive options make it easy to integrate this tool into any TradingView setup.
5. Increased Confidence in Trades
With visual aids such as labels, gradients, and a trend-detection mechanism, traders can make decisions with greater confidence and less emotional bias.
Example Use Cases
1. Trend-Following Strategy
- Utilize the HTF EMA filter to confirm bullish or bearish trends.
- Enter trades when the secondary RSI crosses oversold/overbought levels in the direction of the trend.
2. Reversal Strategy
- Identify overextended trends using RSI crossovers.
- Look for counter-trend opportunities with precise stop-loss placements.
3. Scalping Setup
- Switch to intraday timeframes and use the multiplier-based resolution to capture short-term market movements.
How to Use
1. Add the script to your TradingView chart by pasting the provided Pine Script code into the Pine Editor.
2. Adjust the Timeframe Type, RSI parameters, and EMA length to align with your trading goals.
3. Monitor the generated signals and use them in conjunction with your broader trading strategy.
Disclaimer
The content provided, including all code and materials, is strictly for educational and informational purposes only. It is not intended as, and should not be interpreted as, financial advice, a recommendation to buy or sell any financial instrument, or an offer of any financial product or service. All strategies, tools, and examples discussed are provided for illustrative purposes to demonstrate coding techniques and the functionality of Pine Script within a trading context.
Any results from strategies or tools provided are hypothetical, and past performance is not indicative of future results. Trading and investing involve high risk, including the potential loss of principal, and may not be suitable for all individuals. Before making any trading decisions, please consult with a qualified financial professional to understand the risks involved.
By using this script, you acknowledge and agree that any trading decisions are made solely at your discretion and risk.
Conclusion
The Dual Spectrum RSI Indicator is not just another technical tool—it's a comprehensive trading companion that adapts to your needs, simplifies market analysis, and boosts your trading performance. Whether you're a beginner or a seasoned trader, this indicator provides the edge you need to succeed in today's dynamic markets.
Try It Today!
Experience the power of multi-timeframe analysis and take your trading to the next level. Add the Dual Spectrum RSI Indicator to your TradingView arsenal now!
Best regards
Chervolino
Stochastics Oscillator with Buy/Sell Indicator [iSTAGs]iSTAGs "Stochastics Oscillator" with Buy/Sell Indicator
Overview
The Stochastics Oscillator is a versatile trading indicator designed to provide comprehensive insights into market momentum and potential price reversals. With its multi-layered approach, it incorporates a blend of oscillators, smoothed averages, and relative strength measures to deliver actionable trading signals.
Disclaimer
This indicator is provided for study purposes only . While it may assist in identifying potential buy and sell opportunities, please note:
1. False Signals: The buy/sell indicators may generate false signals. Always validate signals using additional analysis or tools.
2. Trading Strategies: Use appropriate exit points and stop-loss levels as part of your overall trading strategy.
3. No Guarantees: Do not rely solely on this indicator for trading decisions. Market conditions may change, and no indicator guarantees accurate results.
4. Strategy Testing: The strategy associated with this indicator is not tested, and backtesting features are not available at this time.
Key Features
1. Stochastics Oscillator
• Combines the smoothed ranges of price movement to identify overbought and oversold conditions.
• Inbuilt signal lines helps pinpoint potential crossovers for trend reversals.
2. Zones Highlighting
• Clearly visualized zones for:
o Overbought (70–100): Caution for potential reversals.
o Bullish (0–40): Positive momentum.
o Bearish (0 to -40): Negative momentum.
o Oversold (-70 to -100): Potential buying opportunities.
3. Buy and Sell Signals
• Primary Buy/Sell Indicator: Highlighted directly on the chart for ease of use.
• Potential Buy/Sell Signals: Secondary indicators based on advanced crossover conditions that can generate early signals.
4. RSI Integration
• Realtime RSI value display for an additional layer of confirmation.
• Color-coded RSI values to easily interpret market strength:
o Red: Overbought (>80)
o Orange: Strong momentum (70–80)
o White: Neutral (30–70)
o Blue: Weak momentum (20–30)
o Green: Oversold (<20)
5. Limited Customizable Visuals
o Clean and color-coded plots and fills make it intuitive to identify trends and trading opportunities at a glance.
How to Use
1. Trading Signals:
• Use buy/sell shapes and flags for identifying potential entry and exit points.
• Combine primary buy/sell indicator and secondary buy/sell signals for higher confidence.
2. Trend Confirmation:
• Monitor the oscillator and signal crossovers alongside zone fills to gauge market direction.
3. RSI Analysis:
• Keep an eye on the RSI value and its color coding for confirmation of overbought or oversold conditions.
Settings
• Enable/Disable Features: Customize the visibility of Buy/Sell indicators, Potential Signals, and RSI display.
• Editable Zones: Adjust zone colors and ranges to suit your trading strategy.
Conclusion
The Stochastics Oscillator is a powerful tool for traders seeking to enhance their technical analysis. Its layered approach provides clarity, precision, and adaptability for a wide range of trading strategies, whether you're a scalper, swing trader, or long-term investor.
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Developed by iSTAGs
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Happy Trading! 🎯
Stock Scanner - 38 AssetsPullback Scanner and Trading Strategy:
The Scanner's Purpose:
This tool helps identify stocks and futures from a set-list that are in a strong uptrend (above 200 SMA) but experiencing a temporary pullback (RSI below 38), creating potential buying opportunities.
Load 38 Favourite Stocks. They need to be bullish ie: Trading usually above 200 SMA. A drop down switch lets you choose which group. You can find suitable stocks using the filter at FINVIZ:
use on 4hr Timeframes and Above
You must use this on at least the 4hr timeframe, otherwise the 200SMA is not truly placed correctly and a valid trade depends upon the price action being ABOVE the 200SMA.
finviz.com
Key Components:
200 Simple Moving Average (SMA)
Acts as a trend filter
Price above 200 SMA indicates a long-term uptrend
Helps avoid trading against the main trend
Relative Strength Index (RSI)
Set to 38 as the oversold threshold
Identifies temporary weakness in strong trends
Acts as the pullback confirmation. You could add an RSI indicator to the chart for monitoring.
Visual Signals:
Green row: Indicates both conditions are met (price > 200 SMA and RSI < 38)
Yellow triangle: Appears at price bottom when RSI drops below 38
Yellow 200 SMA line: Shows the trend direction and potential support
Trade Setup:
First Requirement: Price must be trading above the 200 SMA
Second Requirement: Wait for RSI to drop below 38
Entry Trigger: When both conditions align (row turns green)
Risk Management: Set stop loss below recent swing low
Exit: When RSI moves above 53 or price crosses below 200 SMA
The scanner monitors multiple instruments simultaneously, allowing traders to identify setups across different markets without manually checking each chart. When a row turns green, that instrument deserves closer attention for potential trade setup.
Example Trade:
Looking at the chart of Apple (AAPL), the yellow triangles show where RSI dropped below 38 while price remained above the rising 200 SMA, providing multiple long entry opportunities in an established uptrend. Actually Apple may be better with RSI below 26.
If you use ctrader, I have made a cbot version of this to automatically take trades on the ctrader platform: eg: XAUUSD i.postimg.cc
GocchiMulti-Indicator: RSI & Moving Averages
This versatile TradingView indicator combines two essential tools for technical analysis—Relative Strength Index (RSI) and Moving Averages (MAs)—into one comprehensive solution. It is designed for traders seeking flexibility, customization, and efficiency in their charting experience.
Features:
Relative Strength Index (RSI):
Customizable RSI length.
Adjustable overbought and oversold levels.
Selectable source input (e.g., close, open, high, low).
Visual levels for overbought and oversold zones, aiding in quick trend and momentum identification.
Three Moving Averages:
Three independently customizable moving averages.
Options for Simple Moving Average (SMA) or Exponential Moving Average (EMA) for each line.
Adjustable lengths for short-, medium-, and long-term trend tracking.
Visual Enhancements:
Clear, color-coded plots for RSI and each moving average.
Overbought and oversold zones are highlighted with horizontal dotted lines.
Alerts:
Get notified when RSI crosses above the overbought level or below the oversold level.
Alerts help traders stay on top of potential market reversals or breakout opportunities.
Use Cases:
RSI Analysis: Spot overbought or oversold conditions to identify potential reversals.
Trend Following: Use moving averages to confirm trends or identify crossovers for potential entry and exit points.
Custom Strategies: Tailor the settings to fit specific trading styles, such as scalping, swing trading, or long-term investing.
This all-in-one indicator streamlines your analysis by reducing the need for multiple overlays, making your charts cleaner and more actionable. Whether you're a novice or an experienced trader, this tool provides the flexibility and insights you need to succeed in any market condition.
Liquitive Buy/Sell Dollar AveragerLiquitive Buy/Sell Dollar Averager Indicator
The "Liquitive Buy/Sell Dollar Averager" is a versatile trading tool designed for intraday and multi-timeframe analysis, combining advanced range-bound calculations, RSI normalization, volume spikes, and candle pattern recognition to identify optimal buy and sell conditions. This indicator is particularly suitable for traders employing strategies that focus on dollar-cost averaging, position scaling, and systematic buy/sell decision-making.
Key Features:
Adaptive RSI-Based Levels:
Dynamically calculates inner bounds (IB) and outer bounds (OB) using RSI and price ranges, helping to identify overbought and oversold conditions relative to the price action.
Normalizes RSI values to the price range for seamless visualization overlaid on the chart.
Volume and Candle Analysis:
Detects significant volume spikes relative to a moving average, signaling increased market activity.
Identifies spiking green/red candles to capture momentum-driven price movements.
Dynamic Support and Resistance:
Calculates and plots support and resistance levels based on recent swing highs and lows.
Median and boundary lines help visualize key price levels for decision-making.
Profitability Check:
Buy and Sell Signals:
Checks profitability thresholds based on percentage gains/losses.
Incorporates logic for "time to buy" and "time to sell" using target profit margins.
Implements average move percentage to define realistic thresholds for buy/sell actions.
Time-Based Trading Restrictions:
Configures trading logic to disallow trades after a specific time (e.g., 3:40 PM for intraday sessions).
Ensures logical entry and exit decisions are only made within active trading hours.
Color-Coded Visualization:
Background colors dynamically shift between green (bullish), red (bearish), and neutral, depending on RSI and price position relative to the inner bounds.
Opacity of the background adjusts based on normalized RSI differences to provide a visual cue of market strength.
Customizable Parameters:
Allows user input for key settings like lookback periods, RSI length, percent ranges, volume thresholds, and transparency levels, enabling flexible configuration tailored to individual strategies.
Actionable Alerts and Signals:
Plots "Open Position", "Add to Position", and "Close Position" markers directly on the chart, making it easy to follow systematic trading rules.
How It Works:
Buy Signals:
Triggered when price conditions, volume spikes, and RSI-based thresholds align with profitability metrics.
Designed for dollar-cost averaging, identifying opportunities to add to long positions or open new positions.
Sell Signals:
Evaluates profitability conditions to identify when to close or scale out of positions.
Incorporates real-time evaluation of market momentum and profitability.
