TradeChartist MTF RSI Spotter™TradeChartist MTF RSI Spotter is an elegant Multi Timeframe RSI tool that helps spot price trends using visually engaging and appealing RSI plots and backgrounds compared to the basic RSI plot. Also the Bull and the Bear background fills + HTF RSI based background fills are highly useful for traders who like to visually understand areas of entry and exit based on RSI .
What does ™TradeChartist MTF RSI Spotter do?
Plots RSI with visually spottable colors for Bull and Bear zones (Green and Red) with optional background fill.
Plots RMA based on User specified length.
Plots user preferred HTF RSI on same chart as chart TF - HTF resolution from indicator settings drop-down must be used.
Fills Bull and Bear zone colors based on HTF based RSI movement.
Spots Regular RSI Bullish and Bearish Divergences.
Plots RSI color candles on main chart based on Upper and Lower RSI band.
Plots RSI based on RSI smoothing (1 for Regular RSI without smoothing) and Heikin Ashi RSI if opted from indicator settings.
This indicator works like a dream when used with other indicators for confirmation of Trends.
Note 1: Divergences don't work to trader's expectations all the time. It is a great indicator but has to be used with caution and entries must be confirmed using another indicator like Volume , Trend, fundamentals, market sentiment etc. They can't be used on their own to decide entry and exit.
Note 2: Bull and Bear RMA with chart TF RSI should be used for confirmation and not as a standalone indicator for entry and exit.
Example charts
Premium Scripts - Trial access and Information
Trial access offered on all Premium scripts.
PM me directly to request trial access to the scripts or for more information.
Rsi_divergence
SA_RSIVolume_ORSI.2020.bibl[wozdux] Description of the SA_RSIvol_ORSI indicator
The rsivol indicator has undergone changes and additions. Since this modified indicator is used in the video, I publish it with explanations.
First add-on
In order to eliminate some delay in the rsivol blue line, A rsivol with a period of 200 was introduced. Then this line became some long-term reference and the regular RSIVOL was divided into RSIVOL200. The result is a pink line. In the indicator, it is indicated as RSIVOL200 by a pink line.
Second addition
In the old indicator, the rsivol parameter itself is calculated as the RSI of the conditional volume price. This volume price is calculated as the average product of the price per volume divided by the average volume for a certain period.
OS=ema (volume*cena, TT)/ ema(volume, TT)
Here, an exponential moving average is used to calculate the volume price. Then the RSI function is taken from this calculated price. As we know from the meaning of the RSI, this is the percentage of purchases from the sum of all transactions or the intensity of purchases. Using volume prices instead of simple prices, we get a more truthful picture of purchases in the market.
So, the EMA itself is good, but it tends to be late. There is another formula for calculating the moving average, which contains the advantages of the EMA and does not have its disadvantages. This function is ALMA.
An alternative way to calculate the volume price is to use the ALMA function instead of the EMA. In this function, in addition to the period, two additional parameters are used.
ALMA(xx, TT,ss,kk)
In the indicator, it is possible to simultaneously see the RSIVOL lines, both with EMA and ALMA.
The third addition
Similarly, you can use ALMA instead of EMA to calculate a simple price RSI. However, there were no interesting results for the price RSI. In the indicator, I left the option to see how it looks just for information. If you are interested, you can watch it.
The fourth addition
The fourth addition concerns the regular RSI. The function itself has been changed. The built-in RSI function is re-created and named ORSI. It is supplemented with volume. In other words, ORSI calculates the purchase rate based on volume, but in a different way than RSIVOL. As a result, we have two lines of RSI and ORSI simultaneously. The price RSI shows the rate of price increase. Volume ORSI shows the rate of volume engagement. The greater the difference between these indicators, the stronger the trend in one direction or another. These two speeds are represented as two lines with the area between them filled in with color.
The indicator also shows a different way of displaying it: a histogram of the difference between these speeds. You can turn the histogram on or off.
New line coloring
The RSI and ORSI chart is made as a colored area above and below the 50 level. Above the level, the color is green, below the level, the color is red.
How do I use the indicator?
The indicator is used just like any other. We are looking for divergences between the indicator lines and the price chart.
RSIVOL200 responds faster to a trend reversal. The divergences on RSIvol200 are clearer.
RSI-ORSI . You can use either one option or the other for trading. Everyone chooses the most convenient one.
Sharing or as a histogram of the difference allows you to see the market picture more subtly.
I have not yet studied this indicator in all its manifestations. I suggest that everyone who wants to do this.
SETTINGS
switch close <==> ( H+L)/2 == switch KEY to select the price type
blue RSIVOL= switch the color of the fields == enable / disable rsivol coloring above and below levels
blue => vp=volume * price === period for calculating the volume price
blue => RSIVOL(vp,len) === period for calculating RSIVOL
blue RSIVOL KEY === enable / disable rsivol line
blue _RSIVOL_ to include the width LINE === enable the RSIVOL line as a ribbon
blue_RSIVOL_ line width == = ribbon width
blue _RSIVOL => EMA(true) or ALMA(false) coefficients ( kk, ss) = = = use EMA or ALMA to calculate the volume price. By default, ALMA, when the button does not have a check mark.
ALMA-->kk=={0,1} = = = coefficient for the formula ALMA with a range of changes from 0 to 1
ALMA-->ss=={1.10} = = = coefficient for the formula ALMA with a range of changes from 1 to 10
key => and-and RSIVOL(ema) blue + RSIVOL (alma) black === This key allows you to display both RSIVOL lines on the chart simultaneously as both ema and alma.
blue__o1=> ema ( RSIVOL, o1) = = = additional rsivol smoothing after all calculations
fuchsia RSIVOL ( 200 ) = rsivol/rsivol200 = = = enable RSIVOL200
fuchsia__ => RsiVol200 (vp, 200) === period for calculating RSIvol200
fuchsia__o2=> ema ( RSIVOL200 , o2) = = = additional rsivol200 smoothing
key red => rsi(close) === disable key RSI
key => or-or price RSI <--> volume ORSI ===key for displaying the RSI or ORSI
key => and-and price RSI + volume ORSI = = = key for displaying both RSI and ORSI
red=rsi (close, 14) === period for calculating the RSI and ORSI
red= ema ( RSI, 2) = = additional smoothing of RSI and ORSI
key ==> histogram of the difference (RSI-ORSI) === enable displaying the RSI-ORSI difference histogram
yellow line level_UP_ _ rsi === upper level for RSI-ORSI
yellow line level_DOWN_ _ rsi== = lower level for RSI-ORSI
level_UP_rsivol == top level for RSIvol
level_DOWN_rsivol == lower level for RSIvol
RSI => replace EMA true --> ALMA(kk, ss) false== replace EMA with ALMA in the RSI calculation
ALMA=>kk=={0,1} = = = coefficient of alma
ALMA=>ss=={1.10} = = = coefficient of alma
======Описание на русском языке=========
Описание индикатора SA_RSIvol_ORSI
Индикатор RSIVOL претерпел изменения и дополнения. Поскольку этот измененный индикатор используется в видео, то публикую его с пояснениями.
Первое дополнение
Для того, чтобы устранить некоторое запаздывание синей линии RSIVOL, была введена RSIVOL с периодом 200. Затем эта линия стала некоторым долгосрочным эталоном и обычную RSIVOL разделили на RSIVOL200. В результате получилась розовая линия. В индикаторе она обозначена как RSIVOL200 розовой линией.
Второе дополнение
В старом индикаторе сам параметр RSIVOL вычисляется как RSI от условной объемной цены. Эта объемная цена вычисляется как усредненное произведение цены на объем, деленное на усредненный объем за какой-то период.
ОС=ema(volume*cena, TT)/ ema(volume,TT)
Здесь для вычисления объемной цены используется экспоненциальная скользящая средняя. Далее от этой вычисленной цены берется функция RSI. Как мы знаем по смыслу RSI это доля закупок от суммы всех сделок или интенсивность закупок. Используя объемную цены вместо простой цены, мы получаем более правдивую картину закупок на рынке.
Так вот, сама по себе EMA хорошая, но она имеет свойство запаздывать. Существует другая формула вычисления скользящей средней, которая содержит достоинства EMA и отсутствуют её недостатки. Эта функция ALMA.
Альтернативным способом вычисления объемной цены является использование вместо EMA функции ALMA. В этой функции, кроме периода используются дополнительные два параметра.
ALMA(xx,TT,ss,kk)
В индикаторе есть возможность одновременно видеть линии RSIVOL , как с EMA, так и ALMA.
Третье дополнение
Аналогично для вычисления простой ценовой RSI можно использовать ALMA вместо EMA. Однако для ценовой RSI интересных результатов не получилось. В индикаторе я оставила возможность посмотреть, как это выглядит просто для информации. Кому интересно, можете посмотреть.
Четвертое дополнение
Четвертое дополнение касается обычной RSI. В саму функцию внесены изменения. Встроенная функция RSI сделана заново и названа ORSI. Она дополнена объемом. Иначе говоря, ORSI вычисляет скорость закупок с учетом объема, но другим способом, чем RSIVOL. В результате, имеем две линии RSI и ORSI одновременно. Ценовая RSI показывает скорость наращивания цены. Объемная ORSI показывает скорость вовлечения объема. Чем больше разница между этими показателями, тем сильнее тренд в ту или иную сторону. Эти две скорости представлены как две линии, область между которыми заполнена цветом.
В индикаторе представлен и другой способ отображения: гистограмма разницы между этими скоростями. Гистограмму можно включить или выключить.
Новая раскраска линий
График RSI и ORSI выполнен как окрашенная область над и под уровнем 50. Над уровнем окраска зеленым цветом, под уровнем окраска красным цветом.
Как использовать индикатор?
Индикатор используется также, как любой другой. Ищем дивергенции между линиями индикатора и ценовым графиком.
RSIVOL200 быстрее реагирует на разворот тренда. Дивергенции на RSIvol200 более четкие.
RSI-ORSI . Можно использовать либо один вариант, либо другой для торговли. Каждый выбирает для себя наиболее удобный.
Совместное использование или в виде гистограммы разницы позволяет более тонко видеть картину рынка.
Я еще не изучила данный индикатор во всех его проявлениях. Предлагаю это сделать каждому, кто пожелает.
НАСТРОЙКИ
switch close <==> ( H+L)/2 == КЛЮЧ переключатель для выбора типа цены
blue RSIVOL= switch the color of the fields == включить / выключить окраску RSIVOL над и под уровнями
blue => vp=volume * price === период для вычисления объемной цены
blue => RSIVOL(vp,len) === период для вычисления RSIVOL
blue RSIVOL KEY === включить \ выключить линию RSIVOL
blue _RSIVOL_ to include the width LINE === включить линию RSIVOL в виде ленты
blue_RSIVOL_ line width ===ширина ленты
blue _RSIVOL => EMA(true) or ALMA(false) coefficients ( kk, ss) === использовать EMA или ALMA для вычисления объемной цены. По умолчанию ALMA, когда на кнопке нет галочки.
ALMA-->kk=={0,1} === коэффициент для формулы ALMA с диапазоном изменения от 0 до 1
ALMA-->ss=={1,10} === коэффициент для формулы ALMA с диапазоном изменения от 1 до 10
key => and-and RSIVOL(ema) blue + RSIVOL (alma) black === Этот ключ позволяет отобразить на графике обе линии RSIVOL одновременно и как ema и как alma.
blue__o1=> ema ( RSIVOL, o1) === дополнительное сглаживание RSIVOL после всех вычислений
fuchsia RSIVOL ( 200 ) = rsivol/rsivol200 === включить RSIVOL200
fuchsia__ => RsiVol200 (vp,200) === период для вычисления RSIvol200
fuchsia__o2=> ema ( RSIVOL200 , o2) === дополнительное сглаживание RSIvol200
key red => rsi(close) === ключ выключения RSI
key => or-or price RSI <--> volume ORSI ===ключ для отображения RSI или ORSI
key => and-and price RSI + volume ORSI === ключ для отображения одновременно RSI и ORSI
red=rsi (close,14) === период вычисления RSI и ORSI
red= ema ( RSI ,2) == дополнительное сглаживание RSI и ORSI
key ==> histogram of the difference (RSI-ORSI) === включить отображение гистограммы разницы RSI-ORSI
yellow line level_UP__rsi === верхний уровень для RSI-ORSI
yellow line level_DOWN__rsi=== нижний уровень для RSI-ORSI
level_UP_rsivol == верхний уровень для RSIvol
level_DOWN_rsivol == нижний уровень для RSIvol
RSI => replace EMA true --> ALMA(kk,ss) false== заменить EMA на ALMA в вычислении RSI
ALMA=>kk=={0,1} === коэффициент alma
ALMA=>ss=={1,10} === коэффициент alma
Takashi Divergence (RSI) | 2nd Gen | [Alerts]Easily highlight positive or negative divergence between price movement and RSI with Takashi-powered Divergence analysis.
Divergence strategy signals a potential reversal point because directional momentum does not confirm price. A bullish divergence occurs when the underlying market makes a lower low and RSI forms a higher low: RSI does not confirm the lower low and this shows strengthening momentum. A bearish divergence forms when the market records a higher high and RSI forms a lower high: RSI does not confirm the new high and this shows weakening momentum.
Inputs
Divergence Sensitivity
Float input. Sets a threshold after when the RSI divergence is triggered.
RSI Length
Integer input. The default setting used by most traders for the RSI is 14. That means that the indicator will go back 14 periods or time frames based on the chart being used (14 days on a Daily chart , 14 hours on an hourly chart and so forth) and make its calculation based on that.
Cross Distance
Integer input. Value from RSI that above or below 50 that classifies bullish or bearish levels. By default 15, that means the script will be checking for positive divergence when RSI is below 35 (50-15) and negative divergence when RSI is above 75 (50+15).
Use High & Low
Bool input. If true uses high and low values as RSI source.
To get access to this and other scripts check links below.
BEST RSI Divergences Screener (Regular and Hidden)Hello traders
My way to fight this situation is to stay productive.
Hope some of my scripts will help you out as most of us are locked-down at home, hence have more time for trading - and preparing ourselves when the sun will shine on us again
I - Concept
This is an upgrade of this script which captured only the regular divergences
This screener detects whether the regular RSI divergences based on the TradingView Divergence built-in indicator (made by the gentleman @everget I believe)
With this screener, you can see in 1 view which of your favorite cryptos/stocks/forex pairs/etc. showing strong regular and hidden divergences
The gentlemen (and demoiselles) traders can play with the lookback/ranges inputs to adjust the divergences based on what they think is best of their trading/timeframe/instrument/life
On that script screenshot, I'm showing the BYBIT:BTCUSD part of the screener matching with the divergences on the chart
II - How did I set the screener
The visual signals are as follow:
- square: whenever a regular or hidden divergence is detected
Then the colors are:
- green when there is bullish divergence
- red when there is bearish divergence
🔔🔔 I also added the alerts for capturing those bullish/bearish divergences
III - Does it repaint?
It should not :)
Best regards
Dave
BEST RSI Divergences ScreenerHello traders
I hope you're all hanging on at home with what's going on these days...
The good news is.... it gives us more time to trade ^^.... #positive #attitude
I - Concept
This screener detects whether the regular RSI divergences based on the TradingView Divergence built-in indicator (made by the gentleman @everget I believe)
With this screener, you can see in 1 view which of your favorite cryptos/stocks/forex pairs/etc. showing strong divergences
The gentlemen (and demoiselles) traders can play with the lookback/ranges inputs to adjust the divergences based on what they think is best of their trading/timeframe/instrument/life
On that script screenshot, I'm showing the BYBIT:BTCUSD part of the screener matching with the divergences on the chart
II - How did I set the screener
The visual signals are as follow:
- square: whenever a divergence is detected
Then the colors are:
- green when there is bullish regular divergence
- red when there is bearish regular divergence
Best regards
Dave
Icahns RSI DivergenceThis is an optimized version of a popular RSI Divergence Detector with a bar color scheme based on the RSI's direction
RSI Divergence is a potent tool in identifying shifts in market momentum or trend reversals. A RSI momentum divergence occurs when there's a disagreement between the direction of the price and the RSI . For example, in an uptrend, a divergence occurs when price makes a higher high, but the indicator makes a lower low (i.e. Standard Bearish Divergence).
This indicator confirms the divergence on the 2nd candle close after the divergence is printed.
I've found that RSI div signals a shift in momentum the best on the 1H and 4H time interval.
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How to read the Indicator:
R = Regular
H = Hidden
Green divergences are bullish
Red Divergences are bearish
The candle colors are based on the current RSI value.
Light Blue: If RSI is above 70
Pink: If the RSI is below 30
Green: If the RSI is above 50 and below 70
Red: If the RSI is below 50 and above 30
FRL RSI-DivsThis indicator highlights RSI divergences.
R green label: Regular Bullish Divergence.
H green label: Hidden Bullish Divergence.
R red label: Regular Bearish Divergence.
H red label: Hidden Bearish Divergence.
You can choose the range where the Divergences should be looked for.
Bars Back Min should not be too low to avoid too many false positives.
I found that using a Min of 100 and a Max of 200 was giving decent results.
When a Divergence is found and printed, the value shown in the upper left corner is the number of bars back where the Divergence has been found, so you can check the validity.
(JS) Ultimate RSISo my goal here was to combine all of my RSI ideas into a single indicator in order to make kind of a "Swiss Army Knife" version of the Relative Strength Index ...
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So, let's begin with the first RSI indicator I made, which is the RSIDVW (Divergence/Volume Weighted);
To rephrase my original post, the "divergence/volume weighted" portion is meant to expand upon the current RSI format by adding more variables into the equation.
The standard RSI is based off one value that you select (open, close, OHLC4, HLC3, etc.) while this version takes three variables into account.
The default setting is to have RSI normal without anything added to it (Divergence Weight = 0)
1st - it takes the standard variable that RSI normally uses.
2nd - it factors RSI divergence by taking the RSI change % and price change % to form a ratio. Using this ratio, I duplicated the RSI formula and created a divergence RS to be factored in with the standard price RS .
3rd - it takes Relative Volume and amplifies/weakens the move based upon volume confirmation. (So if Relative Volume for a price bar is 1.0, the RSI plot would be the same as it normally would)
So to explain the parameters
- Relative Volume Length: This uses the RV length you specify to determine spikes in volume (or lack of volume ), which then is added into the formula to influence the strength of the RSI move
- RV x Divergence: This is how I calculated the original formula, but you can leave this unchecked to turn Relative Volume off, or apply elsewhere.
- RV x RS: There's two sides, Divergence RS and Standard RS - these check marks allow you to select which part you prefer to be multiplied by Relative Volume .
Checking neither turns off Relative Volume , while checking both amplifies its effects by placing it on both sides of the equation.
-Divergence Weight: This controls how much the DVW portion of the formula influences the RSI plot. As I referred to earlier, default is 0 making RSI normal. The Scale is 0-2, so 1.0 would be the same as 50%.
When I do have DVW on, I generally set it to 0.5
-SMA Divergence: To smooth, or not to smooth, that is the question. UJsing an SMA here is much smoother in my opinon, but leaving it unchecked runs it through an RMA the same way standard RSI is calculated.
-Show Fractal Channel: This allows you to see the whole fractal channel around the RSI (This portion of the code, compliments of the original Ricardo Santos fractal script)
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The next portion of the script is adding a "Slow RSI"...
This is rather simple really, it allows you to add a second RSI plot so that you can watch for crossovers between fast and slow lines.
-Slow RSI: This turns on the second RSI Plot.
-Slow RSI Length: This determines the length of the second RSI Plot.
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Pivot Point RSI was something a friend of mine requested I make which turned out pretty cool, I thought... It is also available in this indicator.
-Pivot Points: Selecting this enables the rest of the pivot point related parts of the script
If Pivot Points isn't selected, none of the following things will work
-Plot Pivot: Plots the pivot point .
-Plot S1/R1: Plots S1/R1.
-Plot S2/R2: Plots S2/R2.
-Plot S3/R3: Plots S3/R3.
-Plot S4/R4: Plots S4/R4.
-Plot S5/R5: Plots S5/R5.
-Plot Halfway Points: Plots a line between each pivot .
-Show Pivot Labels: Shows the proper label for each pivot .
When using intraday charts, from a 15 minute interval or less the pivots are calculated based on a single days worth of price action, above that the distance expands.
Here are the current resolutions Pivot Points will work with:
Minutes - 1 , 2, 3, 5, 10, 13, 15, 20, 30, 39, 78, 130, 195
Hours - 1, 2, 3, 4, 5, 6
Daily
Weekly
Currently not available on seconds or monthly
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Background Colors
Background Colors: I have six color schemes I created for this which can be toggled here (they can be edited).
Gray Background for Dark Mode: Having this on looks much better when using dark mode on your charts.
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Now finally the last portion, Fibonacci Levels
-Fibonacci Levels: This is off, by default, which then uses the standard levels on RSI (30-50-70). When turned on, it removes these and marks fib levels from 0.146 through 0.886.
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So the quick rundown:
Ultimate RSI contains "divergence/volume weighted" modifications, a slow RSI plot, pivot points , and Fibonacci levels all while auto-plotting divergence and having the trend illustrated in the background colors.
RSI has always been my "go to" indicator, so I hope you all enjoy this as much as I do!
Ultimate Gemstone‘’Ultimate Gemstone = best indicator to accurately predict price movement based on momentum’’
This indicator is combination of multiple indicators (RSI, Stoch, GM, Moving averages & CCI) works on all the trading assets and time frames. Accurately predicts top and bottoms ( tested on all major crypto's, stocks and forex).
Comes with 6 different presets with different calculations giving additional flexibility to the user.
"Instructions How To Use"
This indicator is based on four different moving lines depicting momentum; first line (Aqua) is a fast trend line, which reacts rapidly to existing price action, second line (Purple) is slower and takes more price action into account, while third line (Yellow) is the slowest and depicts overall trend. Additionally, CCI/EMA moving line with changing color's (red/green) acts as a another trend confirmation tool.
The three moving lines acts as support and resistance depending on there location to each other. Non-moving parts include fibonacci support and resistance (68.2 & 38.2) areas of the oscillator. Different caution (Red, Green dots & background flashes) settings based on GM indicator to help identify perfect buying and selling opportunities. Additionally, the oscillator has oversold, overbought, bullish and bearish control zones similar to RSI/Stoch oscillators. Similar to RSI/Stoch divergences and trendlines do also work on this oscillator. Other ways to use is Aqua line crossovers with the Purple line, giving hard buy/sell signals and Aqua(fast) line turning (angle change) indicating momentum is reversing.
Example 1: When faster moving line gets pulled into the medium and slower line (especially in the overbought territory of the oscillator) gives you indication to be prepared as most likely the price will go down. Perfectly called Bitcoin top in 2017.
Example 2: BTC bottom in dec2018 and start of new trend in feb2019
Example 3 BTC Top in june2019
Example 4 works across all time frames, Recent BTC price action from 6500 to 7700.
Example 5 LINKBTC daily
Adaptive RSI by PuzzleAdaptive RSI
RSI with a twist. The values are calculated differently depending upon whether the RSI is above or below the centre point. I have found this gives:
More pronounced divergences which are easier to spot and more accurate at predicting local top and bottoms
More accurate indications of overbought/oversold conditions.
BEST Currency Strength Indicator DivergenceHello traders
Hope you had a great Thanksgiving
Now it's my turn to give and all I ask in return is you to be thankful (did I get the "Thanksgiving" thing right?)
The Currency Strength Indicator plots an average of the selected FX pairs in the indicator.
Someone asked me if I could develop an alternative of that script adding a divergence component.
The script evaluates the divergences between the average of the selected RSI(FOREX pairs) and the RSI(FOREX pair) displayed on the chart.
This version includes new features such as:
- the RSI length can now be selected
- we can select the 6 pairs used for the divergence calculations
All the BEST my aspiring traders and quants
See you tomorrow for another script
Dave
RSI w/ MAs & Divergences (Alert)This script fires off real-time RSI Divergence alerts.
To best use the RSI Divergence indicators, adjust the following settings accordingly.
• RSI Bullish Divergence Under: 20 – 45 (lower for larger volatility and more bearish markets)
• RSI Bearish Divergence Above: 55 – 80 (higher for larger volatility and more bullish markets)
Key Notes:
1. Set "Once Per Bar" instead of "Once Per Bar Close" alert.
The strategy already uses prior bar close (instead of current bar close) for calculation. This ensures that the signals will stay as they are after fired off, even when the current bar price is still changing.
2. It's OKAY to see the "alert may trigger differently than expected" warning.
Reason why you are seeing this warning is because we used a function called valuewhen() in our strategy. This function does not look at the entire history of data and has several limitations. For instance, on a 30min resolution, at the end of 2018, the function will be able to find past occurrences of BTC exceeding 16k. However, the function won't be able to find such occurrences at the end of 2019. Since our strategy is only concerned with very recent events, these limitations will not impact our results or cause repainting. You can find out more about this in the TradingView Wiki .
RSI w/ MAs & DivergencesTo best use the RSI Divergence indicators, adjust the following settings accordingly.
• RSI Bullish Divergence Under: 20 – 45 (lower for larger volatility and more bearish markets)
• RSI Bearish Divergence Above: 55 – 80 (higher for larger volatility and more bullish markets)
THIS SCRIPT DOES NOT REPAINT AND IS COMPLETELY FREE.
RSI DIVRSI divergence Detector
What is Divergence :
The word divergence itself means to separate and that is exactly what we are looking for today. Typically RSI will follow price as the EURUSD declines so will the indicator. Divergence occurs when price splits from the indicator and they begin heading in two different directions.
How to use :
Use the H Plot means Hidden divergence condition
Use the R Plot means Regular divergence condition
Red R above bar = Regular Bearish
Green R below bar = Bullish
Blue H Below bar = Hidden Bullish
Orange H above bar = Hidden Bearish
RSI Divergence Pointer v2This script points regular and optionally hidden types of bullish and bearish RSI divergences on the chart by drawing the divergence lines and optionally labels.
Hidden divergence is disabled by default, it can be enabled over settings window.
There is an option to display the price channel additionally.
Added alerts for 4 types of divergences
Titles and messages are the same:
"Regular Bearish Divergence"
"Regular Bullish Divergence"
"Hidden Bearish Divergence"
"Hidden Bullish Divergence"
Trend Indicator
A Simple indicator combining 3 of the most popular Oscillators RSI, MacD and Momentum to help see reversals or the continuation of a trend. Designed with the COINBASE:BTCUSD chart in mind but there's not reason it shouldn't work on any other asset.
The indicator has two main parts:
- The gray area at the top between the purple dotted lines is 3 RSI's in one (5, 13, 34) These have been moved up from the RSI's original position to avoid cluttering the MacD and make the lines easier to read. Just like with the regular RSI the lower dotted line indicates oversold and the top dotted line indicates an overbought condition.
To identify this more easily the background changes to green when the middle (13 period) RSI is oversold and red when it's overbought.
*Note* On some very small timeframes the position may need to be adjusted in order to make them easier to see.
This section of the indicator is designed to give early warning signs of markets reversing by the faster white line with confirmation from the orange and green lines.
- The bottom section of the indicator has two parts. The first is a modified MacD which is slightly longer term than the original. This is to act as confirmation or entry/take profit points on divergence or if either of the lines within the MacD crossover or the histogram goes from one color to the other. The histogram is also helpful for trend-following as it lets you gauge if the momentum is gaining or losing strength.
The last part of the indicator is simply a momentum line to indicate in which direction the momentum is heading. It's designed as a confirmation of the other indicators and shouldn't be used on it's own.
All individual indicators that make up the trend indicator have been tweaked slightly to use numbers from the fibonacci sequence rather than the originals.
This indicator is best used in combination with volume and moving averages.
- Look for reversals on low volume near a moving average or key historical point.
- Look for breakouts on high volume if the oscillators line up.
Liens Standar Rsi - Divergence Rsi Divergence
This script is signaling
Bearish Divergence
Bullish Divergence
Hidden Bearish Divergence
Hidden Bullish Divergence
Alerts for all conditions.
Breakout Relative Strength IndexIt isn't easy to determine if the price of a stock is about to break out. Here’s one way you can determine the relative strength of a breakout, enabling you to act early and realize higher profits.
This indicator was originally developed by Howard Wang Stocks & Commodities V. 33:09 (60–62)
BOSS Relative Strength MeterTHE BEST FOREX, STOCKS, COMMODITIES , AND CRYPTO INDICATORS FOR TRADINGVIEW.COM
The relative strength meter (RSM) is a momentum indicator that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset.
The RSM is displayed as a color coded meter.
GREEN: Bullish Uptrend
RED: Bearish Downtrend
YELLOW: Disbursement
Highlights:
Add to any chart or time frame
Prints on the current bar in real time
DOES NOT repaint several bars after the fact
Freedom to Tune
User can change colors
Available Here: bosscripts.com
7_Day Trial: bosscripts.com
[SignalFI] RSI Prime
SignalFI RSI Prime is meant to work in unison with AO Prime.
Futures updates to follow.
MFI and RSI wih (R/H Divergence)Hello Friends,
* RSI + MFI + (Regular/Hidden) Divergence + Bullish/Bearish background colors.
* you can edit your options from indicator settings.
Hull RSI
This is an RSI that is smoothed with a faster Hull Moving Average. The upper pink and bottom teal lines represent the 95th and 5th percentiles of Hull RSI values over a window of user-defined length.
The two percentile bands function identically to the traditional upper and lower bounds used in the standard RSI setup. Buy signals are plotted as the vertical green background highlights and sell signals are the red highlights. Buy signal is generated when RSI is below the lower teal line and then crosses above it. Sell signals occur when Hull RSI was previously above the upper pink line and then crosses back under.