RSI & EMA IndicatorMulti-Timeframe EMA & RSI Analysis with Trend Merging Detection
Overview
This script provides traders with a multi-timeframe analysis tool that simplifies trend detection, momentum confirmation, and potential trend shifts. It integrates Exponential Moving Averages (EMAs) and the Relative Strength Index (RSI) across Daily, Weekly, and Monthly timeframes, helping traders assess both long-term and short-term market conditions at a glance.
This script is a simplification and modification of the EMA Cheatsheet by MarketMoves, reducing chart clutter while adding EMA merging detection to highlight potential trend reversals or breakouts.
Originality and Usefulness
Unlike traditional indicators, which focus on a single timeframe, this script combines multiple timeframes in a single view to offer a comprehensive market outlook.
What Makes This Indicator Unique?
This Indicator to Combine RSI and EMA Clouds for Multiple Timeframes
Multi-Timeframe Trend Analysis in One Visual Tool
EMA Merging Detection to Spot Trend Shifts Early
Momentum Validation Using RSI Across Daily, Weekly, and Monthly Timeframes
Reduces Chart Clutter While Providing Actionable Trade Signals
I couldn't find a TradingView indicator that displayed RSI and EMA clouds together across Daily, Weekly, and Monthly timeframes. This tool bridges that gap, allowing traders to see trend strength and momentum shifts across key timeframes without switching charts.
How the Script Works
1. Trend Direction via EMAs
The script tracks Short-term (5 & 12-period), Medium-term (34 & 50-period), and Long-term (72 & 89-period) EMAs across Daily, Weekly, and Monthly timeframes.
Bullish trend: When faster EMAs are above slower EMAs.
Bearish trend: When faster EMAs are below slower EMAs.
A visual table simplifies trend recognition with:
Green cells for bullish alignment.
Red cells for bearish alignment.
This color-coded system allows traders to quickly assess market momentum across different timeframes without excessive manual analysis.
2. Momentum Confirmation with RSI
The RSI(14) values for Daily, Weekly, and Monthly timeframes are displayed alongside the EMAs.
RSI above 70 suggests overbought conditions.
RSI below 30 suggests oversold conditions.
By combining RSI with EMA trends, traders can confirm whether momentum supports the trend direction or if the market is losing strength.
3. Trend Shift Detection (EMA Merging Mechanism)
A unique feature of this script is EMA merging detection, which occurs when:
The short, medium, and long-term EMAs come within 0.5% of the price.
This often signals trend reversals, breakouts, or consolidations.
When this condition is met, a warning signal appears, alerting traders to potential market shifts.
Who This Indicator Is For?
This script is designed for traders who want to track trends across multiple timeframes while keeping a clean and simplified chart.
Swing & Position Traders – Identify strong trends and potential momentum shifts for longer-term trades.
Trend Followers – Stay aligned with major market trends and avoid trading against momentum.
Day Traders – Use the Daily timeframe for entries while referencing higher timeframes for confirmation.
How to Use the Indicator
Add the indicator to any chart.
Check the trend table in the top-right corner:
Green cells indicate a bullish trend.
Red cells indicate a bearish trend.
Look at RSI values to confirm momentum:
RSI above 70 = Overbought.
RSI below 30 = Oversold.
Watch for the "Merge" alert to spot potential reversals or consolidations.
Combine signals from multiple timeframes for stronger trade decisions.
Why This Indicator is Unique on TradingView?
Before this script, no TradingView indicator displayed RSI and EMA clouds together across multiple timeframes (Daily, Weekly, Monthly).
This tool eliminates the need to:
Manually check multiple timeframes for trend alignment.
Add multiple EMA and RSI indicators to the same chart, creating clutter.
Constantly switch between different timeframes to confirm momentum and trend direction.
With this indicator, traders can see trend strength and momentum shifts instantly, improving their decision-making process.
Chart Guidelines
The script is designed for use on a clean chart to maximize clarity.
The trend alignment table is displayed in a non-intrusive manner so traders can focus on price action.
No additional indicators are required, but users may combine this script with volume-based indicators for further confirmation.
The script name and timeframe should always be visible on published charts to help traders understand the analysis.
Final Notes
This script is a simplification and modification of the EMA Cheatsheet by MarketMoves, improving trend detection, momentum confirmation, and EMA merging detection.
It is designed to help traders quickly identify trend direction, confirm momentum, and detect potential trend shifts, reducing the need for excessive manual analysis.
Disclaimer: This indicator is for educational purposes only and does not constitute financial advice. Trading involves risk; always use proper risk management when applying this tool in live markets.
Cerca negli script per "RSI"
RSI XTR with selective candle color by Edwin KThis tradingView indicator named "RSI XTR with selective candle color", which modifies the candle colors on the chart based on RSI (Relative Strength Index) conditions. Here's how it works:
- rsiPeriod: Defines the RSI calculation period (default = 5).
- rsiOverbought: RSI level considered overbought (default = 70).
- rsiOversold: RSI level considered oversold (default = 30).
- These values can be modified by the user in the settings.
RSI Calculation
- Computes the RSI value using the ta.rsi() function on the closing price (close).
- The RSI is a momentum indicator that measures the magnitude of recent price changes.
Conditions for Candle Coloring
- when the RSI is above the overbought level.
- when the RSI is below the oversold level.
How It Works in Practice
- When the RSI is above 70 (overbought) → Candles turn red.
- When the RSI is below 30 (oversold) → Candles turn green.
- If the RSI is between 30 and 70, the candle keeps its default color.
This helps traders quickly spot potential reversal zones based on RSI momentum.
RSI-Adjusted 9SMAThis indicator integrates the Relative Strength Index (RSI) and a Simple Moving Average (SMA) to create a more robust trading signal by blending momentum and trend analysis. Here's how they work together:
How the RSI and SMA Work in Harmony
RSI (Momentum Indicator):
The RSI measures the speed and change of price movements, oscillating between 0 and 100.
Typically, an RSI value above 50 suggests bullish momentum, while values below 50 indicate bearish momentum.
The script further refines this by applying a 9-period EMA to the RSI. This smoothing process filters out noise, providing a clearer picture of momentum shifts.
SMA (Trend Indicator):
The SMA calculates the average price over a specific period (9 in this case), helping to smooth out price fluctuations and identify the overall trend.
By observing the SMA, traders can determine whether the market is trending upward, downward, or moving sideways.
Combining the Two for Stronger Signals:
The RSI EMA acts as a momentum filter. When it is above 50, it indicates the presence of bullish momentum. Under such conditions, the SMA turning blue provides a stronger confirmation of an uptrend.
Conversely, when the RSI EMA is below 50, it signals weakening momentum. The SMA turning white underlines the caution, suggesting potential bearish conditions or a lack of trend strength.
This combination ensures that traders are not just relying on the SMA's trend-following behavior but also factoring in the market's underlying momentum for more reliable entries and exits.
Why This Approach is Robust
Avoid False Signals:
The SMA alone can generate false signals in choppy or range-bound markets. By incorporating the RSI EMA, the script reduces the likelihood of acting on weak or non-committal trends.
Timing Entries and Exits:
When both the SMA and RSI EMA align (e.g., blue SMA and RSI EMA > 50), it provides a stronger case for entering trades. Similarly, misalignment (e.g., white SMA and RSI EMA ≤ 50) warns against entering during uncertain conditions.
Adapting to Market Conditions:
This dual approach captures both short-term momentum shifts (RSI EMA) and longer-term trend direction (SMA), making it useful across different market phases.
Practical Application
Bullish Setup:
RSI EMA > 50 + Blue SMA → Enter or stay in long positions.
Bearish Setup:
RSI EMA ≤ 50 + White SMA → Exit long positions or consider short opportunities.
This combination of indicators offers traders a balanced strategy that considers both the direction of the trend and the underlying momentum, resulting in more confident and timely decision-making.
RSI from Rolling VWAP [CHE]Introducing the RSI from Rolling VWAP Indicator
Elevate your trading strategy with the RSI from Rolling VWAP —a cutting-edge indicator designed to provide unparalleled insights and enhance your decision-making on TradingView. This advanced tool seamlessly integrates the Relative Strength Index (RSI) with a Rolling Volume-Weighted Average Price (VWAP) to deliver precise and actionable trading signals.
Why Choose RSI from Rolling VWAP ?
- Clear Trend Detection: Our enhanced algorithms ensure accurate identification of bullish and bearish trends, allowing you to capitalize on market movements with confidence.
- Customizable Time Settings: Tailor the time window in days, hours, and minutes to align perfectly with your unique trading strategy and market conditions.
- Flexible Moving Averages: Select from a variety of moving average types—including SMA, EMA, WMA, and more—to smooth the RSI, providing clearer trend analysis and reducing market noise.
- Threshold Alerts: Define upper and lower RSI thresholds to effortlessly spot overbought or oversold conditions, enabling timely and informed trading decisions.
- Visual Enhancements: Enjoy a visually intuitive interface with color-coded RSI lines, moving averages, and background fills that make interpreting market data straightforward and efficient.
- Automatic Signal Labels: Receive immediate bullish and bearish labels directly on your chart, signaling potential trading opportunities without the need for constant monitoring.
Key Features
- Inspired by Proven Tools: Building upon the robust foundation of TradingView's Rolling VWAP, our indicator offers enhanced functionality and greater precision.
- Volume-Weighted Insights: By incorporating volume into the VWAP calculation, gain a deeper understanding of price movements and market strength.
- User-Friendly Configuration: Easily adjust settings to match your trading preferences, whether you're a novice trader or an experienced professional.
- Hypothesis-Driven Analysis: Utilize hypothetical results to backtest strategies, understanding that past performance does not guarantee future outcomes.
How It Works
1. Data Integration: Utilizes the `hlc3` (average of high, low, and close) as the default data source, with customization options available to suit your trading needs.
2. Dynamic Time Window: Automatically calculates the optimal time window based on an auto timeframe or allows for fixed time periods, ensuring flexibility and adaptability.
3. Rolling VWAP Calculation: Accurately computes the Rolling VWAP by balancing price and volume over the specified time window, providing a reliable benchmark for price action.
4. RSI Analysis: Measures momentum through RSI based on Rolling VWAP changes, smoothed with your chosen moving average for enhanced trend clarity.
5. Actionable Signals: Detects and labels bullish and bearish conditions when RSI crosses predefined thresholds, offering clear indicators for potential market entries and exits.
Seamless Integration with Your TradingView Experience
Adding the RSI from Rolling VWAP to your TradingView charts is straightforward:
1. Add to Chart: Simply copy the Pine Script code into TradingView's Pine Editor and apply it to your desired chart.
2. Customize Settings: Adjust the Source Settings, Time Settings, RSI Settings, MA Settings, and Color Settings to align with your trading strategy.
3. Monitor Signals: Watch for RSI crossings above or below your set thresholds, accompanied by clear labels indicating bullish or bearish trends.
4. Optimize Your Trades: Leverage the visual and analytical strengths of the indicator to make informed buy or sell decisions, maximizing your trading potential.
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.
Get Started Today
Transform your trading approach with the RSI from Rolling VWAP indicator. Experience the synergy of momentum and volume-based analysis, and unlock the potential for more accurate and profitable trades.
Download now and take the first step towards a more informed and strategic trading journey!
For further inquiries or support, feel free to contact
Best regards
Chervolino
Inspired by the acclaimed Rolling VWAP by TradingView
RSI 30-50-70 moving averageDescription:
The RSI 30-50-70 Moving Average indicator plots three distinct moving averages based on different RSI ranges (30%, 50%, and 70%). Each moving average corresponds to different market conditions and provides potential entry and exit signals. Here's how it works:
• RSI_30 Range (25%-35%): The moving average of closing prices when the RSI is between 25% and 35%, representing potential oversold conditions.
• RSI_50 Range (45%-55%): The moving average of closing prices when the RSI is between 45% and 55%, providing a balanced perspective for trend-following strategies.
• RSI_70 Range (65%-75%): The moving average of closing prices when the RSI is between 65% and 75%, representing potential overbought conditions.
This indicator offers flexibility, as users can adjust key parameters such as RSI ranges, periods, and time frames to fine-tune the signals for their trading strategies.
How it Works:
Like traditional moving averages, the RSI 30-50-70 Moving Averages can highlight dynamic levels of support and resistance. They offer additional insight by focusing on specific RSI ranges, providing early signals for trend reversals or continuation. The default settings can be used across various assets but should be optimized via backtesting.
Default Settings:
• RSI_30: 25% to 35% (Oversold Zone, yellow line)
• RSI_50: 45% to 55% (Neutral/Trend Zone, green line)
• RSI_70: 65% to 75% (Overbought Zone, red line)
• RSI Period: 14
Buy Conditions:
• Use the 5- or 15-minute time frame.
• Wait for the price to move below the RSI_30 line, indicating potential oversold conditions.
• Enter a buy order when the price closes above the RSI_30 line, signaling a recovery from the oversold zone.
• For a more conservative approach, use the RSI_50 line as the buy signal to confirm a trend reversal.
• Important: Before entering, ensure that the RSI_30 moving average has flattened or started to level off, signaling that the oversold momentum has slowed.
Sell Conditions:
• Use the 5- or 15-minute time frame.
• Wait for the price to close above the RSI_70 line, indicating potential overbought conditions.
• Enter a sell order when the price closes below the RSI_70 line, signaling a decline from the overbought zone.
• Important: Similar to buying, wait for the RSI_70 moving average to flatten or level off before selling, indicating the overbought conditions are stalling.
Key Features:
1. Dynamic Range Customization: The indicator allows users to modify the RSI ranges and periods, tailoring the moving averages to fit different market conditions or asset classes.
2. Trend-Following and Reversal Signals: The RSI 30-50-70 moving averages provide both reversal and trend-following signals, making it a versatile tool for short-term traders.
3. Visual Representation of Market Strength: By plotting moving averages based on RSI levels, traders can visually interpret the market’s strength and potential turning points.
4. Risk Management: The built-in flexibility allows traders to choose lower-risk entries by adjusting which RSI level (e.g., RSI_30 vs. RSI_50) they rely on for signals.
Practical Use:
Different assets respond uniquely to RSI-based moving averages, so it's recommended to backtest and adjust ranges for specific instruments. For example, volatile assets may require wider RSI ranges, while more stable assets could benefit from tighter ranges.
Checking for Buy conditions:
1st: Wait for current price to go below the RSI_30 (yellow line)
2nd: Wait and observe for bullish divergence
3rd: RSI_30 has flattened indicating potential gain of momentum after a bullish divergence.
4th: Enter a buy order when the price closed above the RSI_30, preferably when a green candle appeared.
RSI MTF [Market Yogi]The Multi-Time Frame RSI with Money Flow Index and Average is a powerful trading indicator designed to help traders identify overbought and oversold conditions across multiple time frames. It combines the Relative Strength Index (RSI) with the Money Flow Index (MFI) and provides an average value for better accuracy.
The Relative Strength Index (RSI) is a popular momentum oscillator that measures the speed and change of price movements. It oscillates between 0 and 100 and is used to identify overbought and oversold conditions in an asset. By incorporating the RSI across multiple time frames, this indicator offers a broader perspective on market sentiment.
In addition to the RSI, this indicator also includes the Money Flow Index (MFI). The MFI is a volume-based oscillator that measures the inflow and outflow of money into an asset. It takes into account both price and volume, providing insights into the strength and direction of buying and selling pressure.
By combining the RSI and MFI across multiple time frames, traders gain a comprehensive understanding of market dynamics. The indicator allows for comparing the RSI and MFI values across different time frames, enabling traders to identify divergences and potential trend reversals.
Furthermore, this indicator provides an average value of the multi-time frame RSI, offering a consolidated signal that helps filter out noise and enhance the accuracy of trading decisions.
Key Features:
1. Multi-Time Frame RSI: Combines the RSI across different time frames to provide a comprehensive view of market sentiment.
2. Money Flow Index (MFI): Incorporates the MFI to gauge buying and selling pressure based on both price and volume.
3. Average Calculation: Computes the average value of the multi-time frame RSI to generate a consolidated trading signal.
4. Divergence Detection: Enables traders to spot divergences between the RSI and MFI values, indicating potential trend reversals.
5. Overbought and Oversold Levels: Highlights overbought and oversold levels on the RSI, aiding in timing entry and exit points.
The Multi-Time Frame RSI with Money Flow Index and Average is a versatile tool that can be applied to various trading strategies, including trend following, swing trading, and mean reversion. Traders can adjust the time frame settings to suit their preferences and trading style.
Note: It's important to use this indicator in conjunction with other technical analysis tools and indicators to validate signals and make informed trading decisions.
RSI Screener and Divergence [5ema]
Displayed on the RSI chart according to a custom timeframe.
Displays the RSI tracking table of various timeframes.
Identify normal divergence, hidden divergence on RSI chat.
Show buy and sell signals (strong, weak) on the board.
Send notifications when RSI has a buy or sell signal.
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I reused some functions, made by (i believe that):
©paaax : The table position function.
@everget : The RSI divergence function.
@QuantNomad : The function calculated value and array to show on table for input symbols.
I have commented in my code. Thanks so much!
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How it works:
1. Input :
input.int length of RSI => calculate RSI.
input.int upper/lower => checking RSI overbought/oversold.
input.int right bars / left bars => returns price of the pivot low & high point => checking divergence.
input.int range upper / lower bars => compare the low & high point => checking divergence.
input.timeframe => request.security another time frame.
input.string table position => display screener table.
2. Input bool:
plot RSI on chart.
Plot Regular Bullish divergence .
Regular Bearish divergence.
Hidden Bullish divergence .
Hidden Bearish divergence.
3. Basic calculated:
Make function for RSI , pivot low & high point of RSI and price.
Request.security that function for earch time frame.
Result RSI, Divergence.
4. Condition of signal:
Buy condition:
RSI oversold (1)
Bullish divergence (2).
=> Buy if (1) and (2), review buy (1) or (2).
Sell condition:
RSI overbought (3).
Bearish divergence (4).
=> Sell if (3) and (4), review sell (3) or (4).
5. Table screener:
Time frame.
RSI (green - oversold, red - overbought)
Divergence (⬈⬈ - regular bullish , ⬊⬊ regular bearish , ⬊ - hidden bullish , ⬈ - hidden bearish ).
Signal (🟢 - Buy, 🔴 - sell, green 〇 - review buy, red 〇 - review sell)
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This indicator is for reference only, you need your own method and strategy.
If you have any questions, please let me know in the comments.
RSI + MA StrategyHello, everyone!
We have just released an innovative strategy for TradingView. It allows you to facilitate the trading process when you have to use both indicators.
This strategy is:
User-friendly
Configurable
Equipped with the combination of Relative Strength Index (RSI) and Moving Average (MA) indicators
Designed with all required functions to manage positions
Features
The RSI+MA strategy can:
Identify entry points for Long and Short positions.
Depict RSI and MA values concerning each other.
Reduce visual congestion and import usability thanks to using a combo of 2 indicators.
Allow using pivot trading. The RSI+MA strategy will enter a Long position according to the Short position conditions. And vice versa.
Note! If you want to open a Long position, the RSI line should cross MA from top to bottom. If you want to open a Short position, RSI has to cross MA from bottom to top.
Parameters
We have equipped our strategy with more than 14 additional parameters. So, you can configure the EA according to your needs!
Inputs :
Use Reverse Trade — allows swapping Long and Short positions opening conditions.
Resolution — allows you to view an indicator with data on a higher or lower timeframe on the current chart.
RSI Length
RSI Source: Open, High, Low, Close, HL2, HLC3, OHLC4
Show MA — allows you to enable or disable MA displaying.
MA Length
MA Offset
Style:
RSI — RSI indicator line color and style settings.
MA — MA indicator line color and style configuration.
Upper Band — allows customizing line style, color, and RSI upper bound value.
Lower Band — allows you to customize line style, color, and RSI lower bound value.
Background — background color setting within the RSI upper and lower borders.
Precision — number of decimals for RSI values.
Note! Try RSI+MA on your demo account first before going live.
RSI Momentum Divergence Zones [ChartPrime]⯁ OVERVIEW
RSI Momentum Divergence Zones is a hybrid oscillator and chart overlay tool that detects RSI-based momentum divergences and projects them as key zones on the chart. By combining RSI divergence logic with horizontal level plotting, this indicator reveals high-probability support and resistance areas where price has historically reacted to hidden or classic divergences.
⯁ KEY FEATURES
Momentum-Based RSI Source:
Instead of the classic RSI input, this tool uses the momentum of price as the RSI source:
rsiSrc = ta.mom(close, 10)
This emphasizes acceleration and deceleration of price moves, sharpening divergence signals and making them more responsive to early shifts in momentum.
Automatic Divergence Detection (Optional):
When enabled, the indicator continuously scans for:
— Bullish Divergence : Price makes a Lower Low while RSI forms a Higher Low
— Bearish Divergence : Price makes a Higher High while RSI forms a Lower High
It ensures divergence is valid by checking the spacing between pivots (min 5, max 50 bars).
Divergence Labels & Markers (RSI Pane + Chart):
When a valid divergence is detected:
— On RSI pane:
Labels appear at HL/LH points (“Bull” / “Bear”)
Colored lines show pivot structures
— On price chart:
Labels (“▲ Bull” / “Bear ▼”) mark price pivot that triggered the divergence
Lines highlight the exact price level at the divergence origin
Divergence Zones / Levels (Toggleable):
The indicator projects horizontal zones across the chart based on confirmed divergence points.
These levels dynamically extend as long as price respects them, and auto-expire once broken.
They act as S/R levels created by market imbalance caused by divergence reactions.
Dynamic Zone Extension Logic:
Once plotted, divergence levels will extend to the right:
— If price respects the level, the zone keeps growing
— If broken in the opposite direction, the level stops extending and turns dashed (visually showing break)
Zone Layering and Limit Control:
You can limit the number of simultaneous zones shown on the chart (e.g., 10 most recent).
Old zones automatically expire and are removed to keep the chart clean and focused.
Color Customization and Intensity:
Different colors for bullish and bearish zones let you easily distinguish trend direction.
Background fill, line width, and transparency are all adjustable.
Clean Zone Management with Arrays:
Behind the scenes, the script uses custom divLevel type arrays to manage plotted levels, ensuring they stay up-to-date, extend correctly, and delete once invalidated.
⯁ USAGE
Use bullish divergence zones as potential demand areas and bearish ones as supply zones.
Combine RSI pane labels with price-level zones to confirm strength of reversal.
Watch for price approaching a divergence level to anticipate reactions or breakouts.
Use divergence levels as trade triggers, stop-loss guides, or take-profit markers.
Limit signal count using the “Qty Divergence Zones” setting to reduce chart clutter.
Enable divergence detection only when you want to focus on key structural zones — ideal for swing or positional setups.
⯁ CONCLUSION
RSI Momentum Divergence Zones blends oscillator divergence logic with price action structure to uncover hidden strength or weakness in the market. With flexible zone plotting and clean visual signals, this tool empowers traders to identify where momentum turns into structure — turning hidden signals into tradable edges.
RSI-Adaptive T3 [ChartPrime]The RSI-Adaptive T3 is a precision trend-following tool built around the legendary T3 smoothing algorithm developed by Tim Tillson , designed to enhance responsiveness while reducing lag compared to traditional moving averages. Current implementation takes it a step further by dynamically adapting the smoothing length based on real-time RSI conditions — allowing the T3 to “breathe” with market volatility. This dynamic length makes the curve faster in trending moves and smoother during consolidations.
To help traders visualize volatility and directional momentum, adaptive volatility bands are plotted around the T3 line, with visual crossover markers and a dynamic info panel on the chart. It’s ideal for identifying trend shifts, spotting momentum surges, and adapting strategy execution to the pace of the market.
HOIW IT WORKS
At its core, this indicator fuses two ideas:
The T3 Moving Average — a 6-stage recursively smoothed exponential average created by Tim Tillson , designed to reduce lag without sacrificing smoothness. It uses a volume factor to control curvature.
A Dynamic Length Engine — powered by the RSI. When RSI is low (market oversold), the T3 becomes shorter and more reactive. When RSI is high (overbought), the T3 becomes longer and smoother. This creates a feedback loop between price momentum and trend sensitivity.
// Step 1: Adaptive length via RSI
rsi = ta.rsi(src, rsiLen)
rsi_scale = 1 - rsi / 100
len = math.round(minLen + (maxLen - minLen) * rsi_scale)
pine_ema(src, length) =>
alpha = 2 / (length + 1)
sum = 0.0
sum := na(sum ) ? src : alpha * src + (1 - alpha) * nz(sum )
sum
// Step 2: T3 with adaptive length
e1 = pine_ema(src, len)
e2 = pine_ema(e1, len)
e3 = pine_ema(e2, len)
e4 = pine_ema(e3, len)
e5 = pine_ema(e4, len)
e6 = pine_ema(e5, len)
c1 = -v * v * v
c2 = 3 * v * v + 3 * v * v * v
c3 = -6 * v * v - 3 * v - 3 * v * v * v
c4 = 1 + 3 * v + v * v * v + 3 * v * v
t3 = c1 * e6 + c2 * e5 + c3 * e4 + c4 * e3
The result: an evolving trend line that adapts to market tempo in real-time.
KEY FEATURES
⯁ RSI-Based Adaptive Smoothing
The length of the T3 calculation dynamically adjusts between a Min Length and Max Length , based on the current RSI.
When RSI is low → the T3 shortens, tracking reversals faster.
When RSI is high → the T3 stretches, filtering out noise during euphoria phases.
Displayed length is shown in a floating table, colored on a gradient between min/max values.
⯁ T3 Calculation (Tim Tillson Method)
The script uses a 6-stage EMA cascade with a customizable Volume Factor (v) , as designed by Tillson (1998) .
Formula:
T3 = c1 * e6 + c2 * e5 + c3 * e4 + c4 * e3
This technique gives smoother yet faster curves than EMAs or DEMA/Triple EMA.
⯁ Visual Trend Direction & Transitions
The T3 line changes color dynamically:
Color Up (default: blue) → bullish curvature
Color Down (default: orange) → bearish curvature
Plot fill between T3 and delayed T3 creates a gradient ribbon to show momentum expansion/contraction.
Directional shift markers (“🞛”) are plotted when T3 crosses its own delayed value — helping traders spot trend flips or pullback entries.
⯁ Adaptive Volatility Bands
Optional upper/lower bands are plotted around the T3 line using a user-defined volatility window (default: 100).
Bands widen when volatility rises, and contract during compression — similar to Bollinger logic but centered on the adaptive T3.
Shaded band zones help frame breakout setups or mean-reversion zones.
⯁ Dynamic Info Table
A live stats panel shows:
Current adaptive length
Maximum smoothing (▲ MaxLen)
Minimum smoothing (▼ MinLen)
All values update in real time and are color-coded to match trend direction.
HOW TO USE
Use T3 crossovers to detect trend transitions, especially during periods of volatility compression.
Watch for volatility contraction in the bands — breakouts from narrow band periods often precede trend bursts.
The adaptive smoothing length can also be used to assess current market tempo — tighter = faster; wider = slower.
CONCLUSION
RSI-Adaptive T3 modernizes one of the most elegant smoothing algorithms in technical analysis with intelligent RSI responsiveness and built-in volatility bands. It gives traders a cleaner read on trend health, directional shifts, and expansion dynamics — all in a visually efficient package. Perfect for scalpers, swing traders, and algorithmic modelers alike, it delivers advanced logic in a plug-and-play format.
RSI Crossover Signal Companion - Alerts + Visuals🔷 RSI Crossover Signal Companion — Alerts + Visuals
The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of recent price movements. It helps traders identify overbought or oversold conditions, possible trend reversals, and momentum strength.
This utility builds on TradingView’s classic Relative Strength Index (RSI) by adding real-time alerts and triangle markers when the RSI crosses its own moving average — a common technique for early momentum detection.
It is designed as a lightweight, visual companion tool for traders using RSI/MA crossover logic in manual or semi-automated strategies.
🔍 Features
✅ Preserves the full original RSI layout, including:
• Gradient fill and overbought/oversold zones
• Standard RSI input settings (length, source, etc.)
• MA smoothing options with user-defined type and length
🔺 Adds visual triangle markers:
🔼 Up triangle when RSI crosses above its MA
🔽 Down triangle when RSI crosses below its MA
📢 Built-in alerts for RSI/MA crosses:
“RSI Crossed Above MA”
“RSI Crossed Below MA”
📈 How to Use
This script is ideal for:
• Spotting early momentum shifts
• Confirming entries or exits in other systems (price action, trendlines, breakouts)
• Building alert-based automation (webhooks, bots, etc.)
Popular use cases:
• Combine with trend indicators like MA200 or MA12
• Use in confluence with price structure and divergence
• Validate breakout moves with momentum confirmation
⚙️ Customization
RSI length, MA length, MA type, and source are fully adjustable
Triangle marker size, shape, and color can be edited under Style
Alerts are pre-built and ready for use
RSI-Colored Price Candles with BackgroundThis Pine Script indicator visually enhances price candles based on **RSI (Relative Strength Index)** behavior, helping traders quickly assess momentum directly on the price chart.
**RSI Calculation:**
The RSI is computed using a traditional 14-period lookback. It uses `ta.rma()` to smooth average gains and losses, and then transforms the result into an RSI value between 0 and 100. This value is used to determine both **candle color** and optional **background shading**.
**Candle Coloring:**
Each price candle is recolored based on the current RSI value:
- If RSI is **greater than or equal to 50**, the candle is **bright green**, indicating bullish momentum.
- If RSI is **less than 50**, the candle is **bright red**, indicating bearish momentum.
The actual OHLC values of the candles remain unchanged. Only their color is modified to reflect RSI strength.
**Optional Background Highlighting:**
A user setting called `Show Overbought/Oversold Background` lets traders toggle background shading on or off. When enabled:
- If RSI is **above 70**, a soft **green** background appears, signaling overbought conditions.
- If RSI is **below 30**, a soft **red** background appears, signaling oversold conditions.
This provides an intuitive visual cue that highlights potential reversal or exhaustion zones based on RSI extremes.
**Custom Settings:**
- The RSI length and source are customizable.
- Background highlighting is turned **off by default**, giving users a clean chart unless they choose to enable it.
**Purpose and Use:**
This script is designed for traders who want to visually integrate RSI momentum directly into their chart candles, reducing the need to look away from price action. It's clean, responsive, and adjustable — perfect for intraday or swing traders who value simplicity backed by momentum data.
RSI Alerts – Live & ConfirmedThe RSI Alerts – Live & Confirmed indicator enhances the traditional Relative Strength Index (RSI) by providing real-time alerts and confirmed breakout signals when RSI reaches key levels. It also features a dynamic RSI line color change for better visualization.
Key Features:
✅ Live & Confirmed Alerts:
Live Alert Mode: Triggers when RSI touches overbought (70) or oversold (30).
Confirmed Alert Mode: Triggers only when RSI closes above/below these levels, reducing false signals.
✅ Dynamic RSI Line Coloring:
Above 70: RSI turns green, indicating an overbought condition.
Below 30: RSI turns red, indicating an oversold condition.
Between 30 and 70: RSI remains blue, its normal color, ensuring no color leaks into invalid zones.
✅ Customizable RSI Settings:
Adjustable RSI length, overbought/oversold levels, and alert preferences.
Mid-Level (50) line for trend bias reference.
This indicator is perfect for traders who rely on RSI signals and want clear visual cues and real-time alerts for improved decision-making.
RSI Classic calculationClassic RSI with Moving Average
This script implements the Classic RSI (Relative Strength Index) method with the option to use either an Exponential Moving Average (EMA) or a Simple Moving Average (SMA) for smoothing the gains and losses. This custom implementation primarily aims to resolve a specific issue I encountered when cross-referencing RSI values with Python-based data, which is calculated differently than in Pine Script. However, the methodology here can benefit anyone who needs to align RSI calculations across different programming languages or platforms.
The Problem:
When working with Python for data analysis, the RSI values are calculated differently. The smoothing method, for example, can vary—RMA (Relative Moving Average) may be used instead of SMA or EMA, resulting in discrepancies when comparing RSI values across systems. To solve this problem, this script allows for the same type of smoothing to be applied (EMA or SMA) as used in Python, ensuring consistency in the data.
Why This Implementation:
The main goal of this approach was to align RSI calculations across Python and Pine Script so that I could cross-check the results accurately. By offering both EMA and SMA options, this script bridges the gap between Pine Script and Python, ensuring that the data is comparable and consistent. While this particular issue arose from my work with Python, this solution is valuable for anyone dealing with cross-platform RSI comparisons in different coding languages or systems.
Benefits:
Cross-Platform Consistency: This script ensures that RSI values calculated in Pine Script are directly comparable to those from Python (or any other platform), which is crucial for accurate analysis, especially in automated trading systems.
Flexibility: The ability to choose between EMA and SMA provides flexibility in line with the specific needs of your strategy or data source.
Ease of Use: The RSI is plotted with overbought and oversold levels clearly marked, making it easy to visualize and use in decision-making processes.
Limitations:
Calculation Differences: While this script bridges the gap between Pine Script and Python, if you're working with a different platform or coding language that uses variations like RMA, small discrepancies may still arise.
Sensitivity Trade-Off: The choice between EMA and SMA impacts the sensitivity of the RSI. EMA responds quicker to recent price changes, which could lead to faster signals, while SMA provides a more stable but slower response.
Conclusion:
This Classic RSI script, with its customizable moving average type (EMA or SMA), not only solves the issue I faced with Python-based calculations but also provides a solution for anyone needing consistency across different programming languages and platforms. Whether you're working with Pine Script, Python, or other languages, this script ensures that your RSI values are aligned for more accurate cross-platform analysis. However, always be mindful of the small differences that can arise when different smoothing techniques (like RMA) are used in other systems.
RSI of Accumulation/DistributionHow to Use the RSI of Accumulation/Distribution Indicator:
1. Identify Overbought/Oversold Conditions:
Overbought: When the RSI of the ADL is above 70, it indicates that the asset may be overbought and could be due for a pullback or correction.
Oversold: When the RSI of the ADL is below 30, it suggests that the asset may be oversold and could be poised for a rebound.
2. Look for Divergences:
Bullish Divergence: If the price is making lower lows while the RSI of the ADL is making higher lows, it can signal a potential reversal to the upside.
Bearish Divergence: If the price is making higher highs while the RSI of the ADL is making lower highs, it can indicate a potential reversal to the downside.
3. Confirm Trend Strength:
Use the RSI of the ADL to confirm the strength of a trend. For example, if the RSI is consistently above 50 during an uptrend, it suggests strong buying pressure and the trend is likely to continue.
Conversely, if the RSI is consistently below 50 during a downtrend, it indicates strong selling pressure and the trend is likely to persist.
4. Monitor for Reversals:
When the RSI of the ADL crosses above 50, it can signal a potential bullish reversal.
When the RSI of the ADL crosses below 50, it can signal a potential bearish reversal.
Is It Worth It?
The RSI of the Accumulation/Distribution Line can be a valuable tool for traders looking to gain insights into market momentum and trend strength. Here are a few reasons why it might be worth considering:
1. Volume and Price Combination: By combining price action (RSI) with volume-based analysis (ADL), this indicator provides a more comprehensive view of market dynamics.
2. Divergence Detection: It helps identify divergences between price and volume, which can be early signals of potential reversals.
3. Trend Confirmation: It offers additional confirmation of trend strength and potential reversal points, helping traders make more informed decisions.
However, like any indicator, it's important to use it in conjunction with other analysis methods and not rely on it solely for trading decisions. Backtesting the indicator on historical data and combining it with other technical analysis tools can improve its effectiveness.
Feel free to test the script in TradingView and see how it performs in different market conditions. If you have any specific questions or need further assistance, let me know! 😊
RSI (Pr)The "RSI (Pr)" indicator enhances the traditional Relative Strength Index (RSI) by incorporating dynamic bands and highlighting extreme market conditions directly on the price chart. This approach offers traders a more intuitive visualization of potential overbought and oversold zones, facilitating timely decision-making.
Key Features:
Dynamic RSI Bands: The indicator calculates upper and lower bands based on user-defined overbought and oversold levels. These bands adjust in real-time, providing a responsive measure of market extremes.
Visual Alerts: Background colors change when the price moves outside the RSI bands, offering immediate visual cues of potential market reversals.
Buy/Sell Signals: The script places "BUY" and "SELL" labels on the chart when the price crosses above or below the RSI bands, assisting traders in identifying potential entry and exit points.
How It Works:
RSI Calculation: The script computes the RSI based on the closing price and a user-defined length (default is 14 periods).
Exponential Moving Averages (EMA): It calculates the EMA of the maximum gains and losses to smooth out the data, enhancing the reliability of the RSI bands.
Upper and Lower Bands: Using the smoothed data, the script determines the upper (resistance) and lower (support) bands, which represent dynamic overbought and oversold levels.
Visual Indicators: The script plots the upper and lower bands, as well as a midline, directly on the price chart. Background colors change when the price exceeds these bands, and "BUY" or "SELL" labels appear at crossover points.
Usage:
Overbought Conditions: When the price crosses above the upper band, it may indicate an overbought condition, suggesting a potential selling opportunity.
Oversold Conditions: When the price crosses below the lower band, it may indicate an oversold condition, suggesting a potential buying opportunity.
Customization:
Users can adjust the following parameters to suit their trading preferences:
RSI Overbought Level: Default is 70.
RSI Oversold Level: Default is 30.
RSI Length: Default is 14 periods.
Disclaimer:
This indicator is designed for educational purposes and should not be construed as financial advice. Trading involves significant risk, and it's essential to conduct thorough research and consider your financial situation before making trading decisions. Past performance is not indicative of future results.
By integrating dynamic RSI bands and clear visual signals directly onto the price chart, this indicator aims to provide traders with actionable insights into market conditions, enhancing the traditional RSI analysis.
RSI OB/OS Strategy Analyzer█ OVERVIEW
The RSI OB/OS Strategy Analyzer is a comprehensive trading tool designed to help traders identify and evaluate overbought/oversold reversal opportunities using the Relative Strength Index (RSI). It provides visual signals, performance metrics, and a detailed table to analyze the effectiveness of RSI-based strategies over a user-defined lookback period.
█ KEY FEATURES
RSI Calculation
Calculates RSI with customizable period (default 14)
Plots dynamic overbought (70) and oversold (30) levels
Adds background coloring for OB/OS regions
Reversal Signals
Identifies signals based on RSI crossing OB/OS levels
Two entry strategies available:
Revert Cross: Triggers when RSI exits OB/OS zone
Cross Threshold: Triggers when RSI enters OB/OS zone
Trade Direction
Users can select a trade bias:
Long: Focuses on oversold reversals (bullish signals)
Short: Focuses on overbought reversals (bearish signals)
Performance Metrics
Calculates three key statistics for each lookback period:
Win Rate: Percentage of profitable trades
Mean Return: Average return across all trades
Median Return: Median return across all trades
Metrics calculated as percentage changes from entry price
Visual Signals
Dual-layer signal display:
BUY: Green triangles + text labels below price
SELL: Red triangles + text labels above price
Semi-transparent background highlighting in OB/OS zones
Performance Table
Interactive table showing metrics for each lookback period
Color-coded visualization:
Win Rate: Gradient from red (low) to green (high)
Returns: Green for positive, red for negative
Time Filtering
Users can define a specific time window for the indicator to analyze trades, ensuring that performance metrics are calculated only for the desired period.
Customizable Display
Adjustable table font sizes: Auto/Small/Normal/Large
Toggle option for table visibility
█ PURPOSE
The RSI OB/OS Strategy Analyzer helps traders:
Identify mean-reversion opportunities through RSI extremes
Backtest entry strategy effectiveness across multiple time horizons
Optimize trade timing through visual historical performance data
Quickly assess strategy robustness with color-coded metrics
█ IDEAL USERS
Counter-Trend Traders: Looking to capitalize on RSI extremes
Systematic Traders: Needing quantitative strategy validation
Educational Users: Studying RSI behavior in different market conditions
Multi-Timeframe Analysts: Interested in forward returns analysis
RSI - EMA - WMA ( Phat-Truong )Indicator: RSI ( EMA - WMA )
This indicator, named "RSI ( EMA - WMA )", is a versatile tool designed to provide insights into market momentum and trend strength by combining multiple technical indicators.
The Relative Strength Index (RSI) is a popular momentum oscillator used to measure the speed and change of price movements. In this indicator, RSI is plotted alongside its Exponential Moving Average (EMA) and Weighted Moving Average (WMA). EMA and WMA are smoothing techniques applied to RSI to help identify trends more clearly.
Key features of this indicator include:
RSI: The main RSI line is plotted on the chart, offering insights into overbought and oversold conditions.
EMA of RSI: The Exponential Moving Average of RSI smooths out short-term fluctuations, aiding in trend identification.
WMA of RSI: The Weighted Moving Average of RSI gives more weight to recent data points, providing a faster response to price changes.
Additionally, this indicator marks specific RSI levels considered as bullish and bearish trends, helping traders identify potential entry or exit points based on market sentiment.
By combining these technical indicators, traders can gain a comprehensive understanding of market dynamics, helping them make more informed trading decisions.
RSI Fakeout Filter with SMA Confirmation [CHE] Introducing: RSI Fakeout Detection
Are you tired of being caught in fakeouts that can lead to frustrating losses? The RSI Fakeout Detection is here to enhance your trading strategy by filtering out false signals and providing you with more reliable entries. This innovative indicator is designed to help traders identify when market momentum, as indicated by the RSI, does not align with price movement – a key indicator of potential fakeouts!
What Does It Do?
The RSI Fakeout Detection focuses on one key goal: avoiding false signals. By monitoring when the RSI exceeds a customizable threshold (indicating strength) but the price remains below a moving average like the SMA, this indicator highlights situations where the market may seem strong, but the price action doesn't support that momentum. In other words, it saves you from those tricky fake breakouts.
Key Benefits:
1. Reduce Risk, Increase Confidence: Get an extra layer of protection against fakeouts by receiving signals only when both RSI and price confirm the market's true direction. Avoid entering false breakouts and trade with more confidence.
2. Dynamic Analysis of SMA Lengths: It doesn’t just rely on one SMA. The indicator automatically analyzes and sorts through different SMA lengths to find the most reliable one for your specific market condition, ensuring that you get the best possible signal.
3. Tailored for You: With customizable RSI thresholds, a choice of multiple moving average types (SMA, EMA, Bollinger Bands, and more), and vibrant color-coded visuals, this tool is built to fit your unique trading style and preferences.
4. Spot Fakeouts with Ease: Visual cues make it easy to see when the market might be tricking you. Labels, plotted lines, and a toggleable disclaimer keep everything transparent and easy to understand.
5. Friendly and Intuitive: Whether you’re new to trading or a seasoned pro, the RSI Fakeout Detection is designed to be simple and effective. The labels and plots are clear, the alerts are timely, and it seamlessly integrates into your chart without cluttering it.
Why Choose RSI Fakeout Detection?
- Accuracy and Precision: By combining RSI and SMA analysis, this indicator minimizes the risk of following false trends and entering trades too early.
- Save Time and Reduce Guesswork: No more spending hours trying to figure out which SMA length works best – the RSI Fakeout Detection does it for you!
- Peace of Mind: Avoiding fakeouts means fewer bad trades, which can lead to more consistent performance and less stress.
Transform the way you trade, and step into a more confident trading future with RSI Fakeout Detection . Whether you’re day trading or swing trading, this tool will give you an edge by helping you filter out the noise and make more informed decisions.
Best regards,
Chervolino
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.
RSI Overlay Table with Pivot-Based Divergence and SortingThis script offers an advanced RSI-based overlay table designed to identify and highlight divergences across multiple timeframes (Daily, Weekly, Monthly) for up to 13 tickers. It employs a pivot-based detection mechanism that spots positive and negative divergences, helping traders identify potential trend reversals or continuations.
Key Features
1. Pivot-Based Divergence Detection:
The script uses pivot points to identify both positive and negative divergences using the RSI indicator and price movements.
User-adjustable pivot settings enhance detection sensitivity, providing traders with an opportunity to fine-tune divergence signals for different market conditions.
2. Multi-Timeframe Analysis:
Displays RSI values along with divergence signals for daily, weekly, and monthly timeframes.
Enables traders to monitor short-term, swing, and long-term trends on a single table, providing a comprehensive view.
3. Customizable Alerts and Visual Cues:
The script generates alerts whenever a divergence is detected, ensuring timely notifications.
Overbought and oversold levels are color-coded based on user-defined thresholds, with the "P-" and "N-" prefixes indicating positive and negative divergences, respectively.
4. User-Friendly Interface:
An intuitive table design allows for easy comparison of RSI levels and divergence signals across multiple tickers.
Offers customizable table positioning options (bottom left, center, right, or middle right) for convenient chart integration.
How to Use
Input Your Tickers: Add up to 13 tickers that you wish to monitor.
Adjust Pivot Settings: Fine-tune the 'Pivot Left Bars' and 'Pivot Right Bars' to optimize the pivot detection process.
Set Overbought/Oversold Levels: Define the RSI thresholds according to your trading strategy.
Enable Alerts: Receive notifications for divergence signals detected on any timeframe.
Concepts Underlying the Calculations
The script leverages the RSI (Relative Strength Index), a popular momentum indicator, to measure the velocity and magnitude of price changes. By comparing RSI values with pivot points, the script identifies divergences that suggest potential reversals. This method ensures more reliable signals than simple bar comparisons, as it accounts for broader market movements over time.
Why This Script Is Unique
This RSI overlay script stands out due to its multi-ticker, multi-timeframe divergence analysis and the use of pivot-based detection for higher accuracy. The integration of an alert system, combined with color-coded visual cues, makes it an actionable and comprehensive tool for traders.
Turkish Translation
RSI Overlay Tablosu - Pivot Tabanlı Uyumsuzluk ve Sıralama ile
Bu script, birden fazla zaman diliminde (Günlük, Haftalık, Aylık) 13 adede kadar seçilen hisse senetleri veya varlıklar için RSI tabanlı ayrışmaları belirleyen ve vurgulayan gelişmiş bir overlay tablosu sunar. Pivot tabanlı tespit mekanizması, trend dönüşlerini veya devamlarını belirlemeye yardımcı olacak şekilde pozitif ve negatif ayrışmaları tespit eder.
Özellikler
1. Pivot Tabanlı Uyumsuzluk Tespiti:
Pivot noktalarını kullanarak RSI göstergesi ve fiyat hareketleri arasındaki pozitif ve negatif uyumsuzlukları tespit eder.
Kullanıcı ayarlı pivot ayarları, uyumsuzluk sinyallerinin hassasiyetini artırır ve farklı piyasa koşullarına uygun hale getirir.
2. Çoklu Zaman Dilimi Analizi:
Günlük, haftalık ve aylık zaman dilimlerinde RSI değerlerini ve ayrışma sinyallerini gösterir.
Kısa vadeli, orta vadeli ve uzun vadeli trendleri tek bir tabloda izlemenize olanak tanır.
3. Kullanıcı Dostu Arayüz ve Uyarılar:
Pozitif ve negatif ayrışmaları tespit ettiğinde uyarılar oluşturur.
Kullanıcı tanımlı eşiklere göre aşırı alım ve aşırı satım seviyelerini renk kodlarıyla gösterir.
Nasıl Kullanılır
İzlemek istediğiniz varlıkları ekleyin (en fazla 13 adet).
Pivot ayarlarını yapılandırarak tespit işlemini optimize edin.
RSI eşik seviyelerini belirleyin ve uyarıları etkinleştirin.
RSI Divergence and GradientThe RSI Divergence and Gradient Indicator simplifies the process of identifying the relationship between price action and the Relative Strength Index (RSI). By integrating RSI data directly into the price chart, traders no longer need to open a separate pane to monitor RSI or manually compare price action and RSI.
This indicator allows traders to easily spot overbought or oversold conditions and detect divergences between price and RSI. These signals can help identify potential reversal points and more effectively assess trend strength.
Features
RSI Divergences: The script identifies and plots bullish and bearish RSI divergences, which can signal potential reversals. Bullish divergences are indicated by an upward triangle below the price bars, while bearish divergences are indicated by a downward triangle above the price bars.
Overbought/Oversold Gradient: The script uses a color gradient to highlight overbought and oversold conditions on the chart, helping traders visualize momentum and trend strength. The gradient dynamically adjusts based on RSI values, transitioning through different colors to represent the intensity of overbought or oversold conditions.
Customizable Gradient: The gradient is customizable, allowing traders to set their own thresholds for overbought and oversold levels, and to choose the colors that best suit their trading style. This flexibility ensures the indicator can be tailored to individual preferences.
How It Works
RSI Calculation: The indicator calculates RSI using the standard 14-period length by default, but this can be adjusted to suit the trader's needs.
Divergence Detection: The script identifies divergences by comparing the highest and lowest points of the RSI with the corresponding price levels over the RSI period length. When a divergence is detected, it is plotted on the chart to indicate a potential reversal.
Gradient Coloring: The gradient coloring system changes the bar colors based on RSI levels. The color transitions from a neutral tone to specified start and end colors as RSI approaches overbought or oversold thresholds, providing a visual cue for potential overextended market conditions.
Intended Use
This indicator is particularly useful for traders who want to combine momentum analysis with divergence signals to identify potential reversal points or confirm trend strength. The visual gradient aids in quickly assessing market conditions, making it easier to spot high-probability trading opportunities.
RSI Slope Filtered Signals [UAlgo]The "RSI Slope Filtered Signals " is a technical analysis tool designed to enhance the accuracy of RSI (Relative Strength Index) signals by incorporating slope analysis. This indicator not only considers the RSI value but also analyzes the slope of the RSI over a specified number of bars, providing a more refined signal that accounts for the momentum and trend strength. By utilizing both positive and negative slope arrays, the indicator dynamically adjusts its thresholds, ensuring that signals are responsive to changing market conditions. This tool is particularly useful for traders looking to identify overbought and oversold conditions with a higher degree of precision, filtering out noise and providing clear visual cues for potential market reversals.
🔶 Key Features
Dynamic Slope Analysis: Measures the slope of RSI over a customizable number of bars, offering insights into the momentum and trend direction.
Adaptive Thresholds: Uses historical slope data to calculate dynamic thresholds, adjusting signal sensitivity based on market conditions.
Normalized Slope Calculation: Normalizes the slope values to provide a consistent measure across different market conditions, making the indicator more versatile.
Clear Signal Visualization: The indicator plots both positive and negative normalized slopes with color gradients, visually representing the strength of the trend.
Overbought and Oversold Signals: Plots overbought and oversold signals directly on the chart when the calculated value reaches the user-specified threshold, helping traders identify potential reversal points.
Customizable Settings: Allows users to adjust the RSI length, slope measurement bars, and lookback periods, providing flexibility to tailor the indicator to different trading strategies.
🔶 Interpreting the Indicator
The "RSI Slope Filtered Signals " indicator is designed to be easy to interpret. Here's how you can use it:
Normalized Slope: The indicator plots the normalized slope of the RSI, with values above zero indicating positive momentum and values below zero indicating negative momentum. A higher positive slope suggests a strong upward trend, while a deeper negative slope indicates a strong downward trend.
Reversal Signals: The indicator plots several horizontal lines at different thresholds (+3, +2, +1, 0, -1, -2, -3). These levels are used to gauge the strength of the momentum based on the normalized slope. For example, a normalized slope crossing above the +2 threshold may indicate a strong bullish trend, while crossing below the -2 threshold may suggest a strong bearish trend. These thresholds help in understanding the intensity of the current trend and provide context for interpreting the indicator's signals.
This indicator generates overbought and oversold signals not solely based on the RSI entering extreme levels (above 70 for overbought and below 30 for oversold), but also by considering the behavior of the normalized slope relative to specific thresholds. Specifically, the Overbought Signal (🔽) is triggered when the RSI is above 70 and the normalized slope from the previous bar is greater than or equal to the upper threshold, with the current slope being lower than the previous slope, indicating a potential bearish reversal as momentum may be slowing down.
Similarly, the Oversold Signal (🔼) is generated when the RSI is below 30 and the normalized slope from the previous bar is less than or equal to the lower threshold, with the current slope being higher than the previous slope, signaling a potential bullish reversal as the downward momentum may be weakening.
Area Plots: The indicator also plots the positive and negative slopes as filled areas, providing a quick visual cue for the strength and direction of the trend. Green areas represent positive slopes (upward momentum), while red areas represent negative slopes (downward momentum).
By combining these elements, the "RSI Slope Filtered Signals " provides a comprehensive view of the market's momentum, helping traders make more informed decisions by filtering out false signals and focusing on the significant trends.
🔶 Disclaimer
Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals.
Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator.
Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies.
Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses.
No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.
RSI EMA WMA (hieuhn)Indicator: RSI & EMA & WMA (14-9-45)
This indicator, named "RSI & EMA & WMA", is a versatile tool designed to provide insights into market momentum and trend strength by combining multiple technical indicators.
The Relative Strength Index (RSI) is a popular momentum oscillator used to measure the speed and change of price movements. In this indicator, RSI is plotted alongside its Exponential Moving Average (EMA) and Weighted Moving Average (WMA). EMA and WMA are smoothing techniques applied to RSI to help identify trends more clearly.
Key features of this indicator include:
RSI: The main RSI line is plotted on the chart, offering insights into overbought and oversold conditions.
EMA of RSI: The Exponential Moving Average of RSI smooths out short-term fluctuations, aiding in trend identification.
WMA of RSI: The Weighted Moving Average of RSI gives more weight to recent data points, providing a faster response to price changes.
Additionally, this indicator marks specific RSI levels considered as bullish and bearish trends, helping traders identify potential entry or exit points based on market sentiment.
By combining these technical indicators, traders can gain a comprehensive understanding of market dynamics, helping them make more informed trading decisions.
