MT-RSIThis script shows a "Multi Timeframe RSI" for a range. You could use this script to quickly detect if the RSI of the higher and lower timeframes are overbought or oversold.
RSI is relative to a lower timeframe. So 1H is relative to the 4H and the 4H relative to the 1D chart etc...
In this example you can see that the 1H timeframe (green line) is performing well but is in overbought territory, but the 4H timeframe (blue line) dit not perform that great relative to the 1H timeframe.
Cerca negli script per "Relative"
RSI+ Crypto Smart Strategy by Ignotus ### **RSI+ Crypto Smart Strategy by Ignotus**
**Description:**
The **RSI+ Crypto Smart Strategy by Ignotus** is an advanced and visually enhanced version of the classic **Relative Strength Index (RSI)**, developed by the **Crypto Smart** community. This indicator is designed to provide traders with a clear and actionable view of market momentum, overbought/oversold conditions, and potential reversal points. With its sleek design, customizable settings, and intuitive visual signals, this tool is perfect for traders who want to align their strategies with the principles of the **Crypto Smart** methodology.
Whether you're a beginner or an experienced trader, this indicator simplifies technical analysis while offering powerful insights into market behavior. It combines traditional RSI calculations with advanced visual enhancements and natural language interpretations, making it easier than ever to interpret market conditions at a glance.
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### **Key Features:**
1. **Enhanced RSI Visualization:**
- The RSI line dynamically changes color based on its position relative to the 50-level midpoint:
- **Green** for bullish momentum (RSI > 50).
- **Red** for bearish momentum (RSI < 50).
- Overbought (default: 70) and oversold (default: 30) levels are clearly marked with customizable colors and shaded clouds for better visibility.
2. **Customizable Settings:**
- Adjust the RSI period, overbought/oversold thresholds, and background transparency to match your trading style.
- Fine-tune pivot lookback ranges and other parameters to adapt the indicator to different timeframes and assets.
3. **Interactive Information Table:**
- A compact, easy-to-read table provides real-time data on the current RSI value, its direction (▲, ▼, →), and a natural language interpretation of market conditions.
- Choose from three text sizes (small, medium, large) to optimize readability.
4. **Natural Language Interpretations:**
- The indicator includes a detailed explanation of the RSI's current state in plain English:
- Momentum trends (bullish, bearish, or neutral).
- Overbought/oversold warnings with potential reversal alerts.
- Clear guidance on whether the market is trending or ranging.
5. **Visual Buy/Sell Signals:**
- Triangles (▲ for buy, ▼ for sell) highlight potential entry and exit points based on RSI crossovers and divergence patterns.
- Configurable alerts notify you in real-time when key signals are triggered.
6. **Improved Aesthetics:**
- Clean, modern design with customizable colors for lines, clouds, and backgrounds.
- Dynamic shading and transparency options enhance chart clarity without cluttering the workspace.
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### **How to Use This Indicator:**
- **Overbought/Oversold Zones:** Use the RSI's overbought (above 70) and oversold (below 30) zones to identify potential reversal points. Look for confirmation from price action or other indicators before entering trades.
- **Momentum Analysis:** Monitor the RSI's position relative to the 50-level midpoint to gauge bullish or bearish momentum.
- **Trend Identification:** Combine the RSI's readings with price trends to confirm the strength and direction of the market.
- **Entry/Exit Signals:** Use the visual signals (triangles) to spot potential entry and exit points. These signals are particularly useful for swing traders and scalpers.
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### **Why Choose RSI+ Crypto Smart Strategy?**
This indicator is more than just an RSI—it's a complete tool designed to streamline your trading process. By focusing on clarity, customization, and actionable insights, the **RSI+ Crypto Smart Strategy** empowers traders to make informed decisions quickly and confidently. Whether you're trading cryptocurrencies, stocks, or forex, this indicator adapts seamlessly to your needs.
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### **Developed by Crypto Smart:**
The **RSI+ Crypto Smart Strategy by Ignotus** is part of the **Crypto Smart** ecosystem, a community-driven initiative aimed at providing innovative tools and strategies for traders worldwide. Our mission is to simplify technical analysis while maintaining the depth and precision required for successful trading.
If you find this indicator helpful, please leave a review and share it with fellow traders! Your feedback helps us continue developing cutting-edge tools for the trading community.
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### **Disclaimer:**
This indicator is a technical analysis tool and should not be considered financial advice. Trading involves risk, and past performance is not indicative of future results. Always conduct your own research and consult with a financial advisor before making trading decisions. Use of this indicator is at your own risk.
RSI with Dynamic ColorsThe "RSI with Dynamic Colors" is a custom indicator built on top of the traditional Relative Strength Index (RSI), which helps traders identify overbought or oversold market conditions. This enhanced version includes added functionality like dynamic colors, highlighting specific conditions, and more customization options. Here's a breakdown of how this indicator works:
Indicator Components:
Relative Strength Index (RSI) Calculation:
The RSI is a momentum oscillator that measures the speed and change of price movements. It oscillates between 0 and 100, helping traders determine if an asset is overbought or oversold.
In this version, the RSI is calculated with a configurable lookback period (default is 14) and applies smoothing to both upward and downward price changes using the Relative Moving Average (RMA).
Dynamic Coloring:
The indicator dynamically changes the color of the RSI line based on its value. Specific thresholds include:
Blue: When the RSI is at or above an extreme overbought level (≥ 85).
Red: When the RSI is in the overbought zone (≥ 70 but < 85).
Yellow: When the RSI is at or below the extreme oversold level (≤ 15).
Green: When the RSI is in the oversold zone (≤ 30 but > 15).
White: When the RSI is between the oversold and overbought zones.
Moving Average Options (MA):
The indicator allows the user to plot an optional moving average of the RSI for additional trend confirmation. Users can select from various types of moving averages, including Simple Moving Average (SMA), Exponential Moving Average (EMA), and others.
Bollinger Bands can be optionally applied around the RSI to visualize volatility.
Overbought and Oversold Highlights:
It provides visual highlights (green for overbought and red for oversold) in the background of the RSI plot, making it easier to identify potential reversal zones.
Divergence Detection (Optional):
The indicator can optionally display regular bullish or bearish divergence, which can signal potential trend reversals. Divergence occurs when price moves in the opposite direction of the RSI.
Bullish divergence is indicated when the price makes lower lows while the RSI makes higher lows.
Bearish divergence is shown when the price makes higher highs while the RSI makes lower highs.
Alerts:
Users can set up alerts for bullish or bearish divergence, making it easier to get notified when key conditions occur in the market.
Use Case:
This custom RSI indicator is designed for traders who want to combine the classic RSI functionality with enhanced visual aids, such as color coding for different RSI zones, customizable moving averages, and Bollinger Bands. It is particularly useful for identifying potential market tops and bottoms by highlighting overbought/oversold conditions and divergence signals.
In summary, this indicator not only retains the traditional RSI's power but also adds new layers of insight through color, moving averages, and divergence detection, helping traders make better-informed decisions.
ETH vs BTC 200W SMA OverextensionHistorically, when BTC suffers a correction and ETH continues to rally, this hints at an impending market-wide correction. In Jan 2018, ETH rallies while BTC corrects, signalling the end of the bull cycle. In May 2021, ETH rallies while BTC ranges between $50-$60k, then a major correction occurs. This indicator attempts to monitor this phenomenon in order to help spot potential macro tops in the cryptocurrency market.
The indicator takes the price of the asset and divides it by the 200 week SMA value. This gives an over/undervaluation in percentage terms. When ETH becomes significantly more overvalued relative to BTC, the indicator will warn of a potential top forming (see red shaded areas).
This is for edutainment purposes only. Don't make financial decisions based on this indicator.
MAVERICKAMIT01-RELATIVE STRENGTHTHE SCRIPT SIMPLY DIVIDES THE STOCK PRICE BY NIFTY TO MEASURE UNDER PERFORMANCE AND OUT PERFORMANCE WITH NIFTY. YOU CAN CHANGE SETTINGS FROM NIFTY TO ANY OTHER SECTOR LIKE CNX FMCG TO MEASURE SECTOR PERFORMANCE AND UNDER PERFORMANCE !!!
Chebyshev-Gauss RSIThe Chebyshev-Gauss RSI is a variant of the standard Relative Strength Index (RSI) that uses the Chebyshev-Gauss Moving Average (CG-MA) for smoothing gains and losses instead of a traditional Simple or Exponential Moving Average. This results in a more responsive and potentially smoother RSI line.
This version is enhanced with features from the built-in TradingView RSI indicator, including:
A selectable smoothing moving average of the RSI line.
Bollinger Bands based on the smoothing MA.
Automatic divergence detection.
How it works:
It calculates the upward and downward price changes (gains and losses).
It applies the Chebyshev-Gauss Moving Average to smooth these gains and losses over a specified lookback period.
The smoothed values are used to calculate the Relative Strength (RS) and then the final RSI value.
Adaptive Volume-Weighted RSI (AVW-RSI)Concept Summary
The AVW-RSI is a modified version of the Relative Strength Index (RSI), where each price change is weighted by the relative trading volume for that period. This means periods of high volume (typically driven by institutions or “big money”) have a greater influence on the RSI calculation than periods of low volume.
Why AVW-RSI Helps Traders
Avoids Weak Signals During Low Volume
Standard RSI may show overbought/oversold zones even during low-volume periods (e.g., during lunch hours or after news).
AVW-RSI gives less weight to these periods, avoiding misleading signals.
Amplifies Strong Momentum Moves
If RSI is rising during high volume, it's more likely driven by institutional buying—AVW-RSI reflects that stronger by weighting the RSI component.
Filters Out Retail Noise
By prioritizing high-volume candles, it naturally discounts fakeouts caused by thin markets or retail-heavy moves.
Highlights Institutional Entry/Exit
Useful for spotting hidden accumulation/distribution that classic RSI would miss.
How It Works (Calculation Logic)
Traditional RSI Formula Recap
RSI = 100 - (100 / (1 + RS))
RS = Average Gain / Average Loss (over N periods)
Modified Step – Apply Volume Weight
For each period
Gain_t = max(Close_t - Close_{t-1}, 0)
Loss_t = max(Close_{t-1} - Close_t, 0)
Weight_t = Volume_t / AvgVolume(N)
WeightedGain_t = Gain_t * Weight_t
WeightedLoss_t = Loss_t * Weight_t
Weighted RSI
AvgWeightedGain = SMA(WeightedGain, N)
AvgWeightedLoss = SMA(WeightedLoss, N)
RS = AvgWeightedGain / AvgWeightedLoss
AVW-RSI = 100 - (100 / (1 + RS))
Visual Features on Chart
Line Color Gradient
Color gets darker as volume weight increases, signaling stronger conviction.
Overbought/Oversold Zones
Traditional: 70/30
Suggested AVW-RSI zones: Use dynamic thresholds based on historical volatility (e.g., 80/20 for high-volume coins).
Volume Spike Flags
Mark RSI turning points that occurred during volume spikes with a special dot/symbol.
Trading Strategies with AVW-RSI
1. Weighted RSI Divergence
Regular RSI divergence becomes more powerful when volume is high.
AVW-RSI divergence with volume spike is a strong signal of reversal.
2. Trend Confirmation
RSI crossing above 50 during rising volume is a good entry signal.
RSI crossing below 50 with high volume is a strong exit or short trigger.
3. Breakout Validation
Price breaking resistance + AVW-RSI > 60 with volume = Confirmed breakout.
Price breaking but AVW-RSI < 50 or on low volume = Potential fakeout.
Example Use Case
Stock XYZ is approaching a resistance zone. A trader sees:
Standard RSI: 65 → suggests strength.
Volume is 3x the average.
AVW-RSI: 78 → signals strong momentum with institutional backing.
The trader enters confidently, knowing this isn't just low-volume hype.
Limitations / Tips
Works best on liquid assets (Forex majors, large-cap stocks, BTC/ETH).
Should be used alongside price action and volume analysis—not standalone.
Periods of extremely high volume (news events) might need smoothing to avoid spikes.
prime rsiThe "PRIME RSI" is a custom variation of the traditional RSI (Relative Strength Index) that offers enhanced flexibility and precision. This indicator provides an adaptable approach for tracking market conditions across different timeframes, making it an ideal tool for both short-term and long-term traders.
Key Features:
Custom Timeframe Selection: Users can select any timeframe to calculate the RSI, providing the ability to analyze data beyond the current chart's timeframe.
Smoothing Methods: Choose between Exponential Moving Average (EMA), Simple Moving Average (SMA), or the Relative Moving Average (RMA) for smoother, more accurate RSI values.
Signal Line: The signal line is smoothed using the selected method and visualized with dynamic coloring to indicate bullish (green) or bearish (red) market conditions.
Overbought/Oversold Levels: Clear levels at 70 (overbought) and 30 (oversold), with fill zones to highlight extreme market conditions, helping traders spot potential reversal points.
Midline at 50: The centerline at 50 serves as a neutral zone, allowing traders to identify shifts in market momentum quickly.
Practical Use:
Trend Confirmation: Use the PRIME RSI to confirm the prevailing market trend, with signals above 50 suggesting bullish momentum and signals below 50 indicating bearish trends.
Overbought/Oversold Conditions: The indicator’s overbought and oversold regions help pinpoint potential market reversals, giving traders valuable entry and exit signals.
Ideal For: All types of traders who want a more flexible and customizable RSI for better trend analysis, especially those working with smaller timeframes or seeking a more responsive momentum indicator.
RSI Divergence - Left Candles Onlyrsi
The **RSI Divergence** indicator in this script is designed to highlight **divergence** between the **Relative Strength Index (RSI)** and **price action** on a chart. Divergence can be a key signal for potential trend reversals or continuation in technical analysis.
### **Key Components of the Indicator:**
1. **RSI Calculation:**
- The **Relative Strength Index (RSI)** is calculated using a typical 14-period length, but the user can customize this input.
- RSI is a momentum oscillator that measures the speed and change of price movements, oscillating between 0 and 100. Values above 70 indicate overbought conditions, and values below 30 indicate oversold conditions.
2. **Divergence Logic:**
- **Bullish Divergence:** Occurs when the price forms a **lower low**, but the RSI forms a **higher low**. This suggests that despite price continuing to drop, momentum (RSI) is strengthening, which may indicate a potential price reversal to the upside.
- **Bearish Divergence:** Occurs when the price forms a **higher high**, but the RSI forms a **lower high**. This indicates that even though price is rising, the momentum (RSI) is weakening, which could signal a price reversal to the downside.
3. **Pivot Identification:**
- The script identifies **pivot points** (local highs and lows) on both price and RSI.
- **Bullish Divergence:** A lower price low with a higher RSI low.
- **Bearish Divergence:** A higher price high with a lower RSI high.
4. **Lookback Periods:**
- **Lookback Left (lookbackLeft):** Defines the number of bars to look back for pivot confirmation. This allows for adjusting the sensitivity of the divergence.
- The **divergence range** is constrained by two parameters:
- **Minimum range (rangeLower):** The minimum number of bars for divergence to be considered.
- **Maximum range (rangeUpper):** The maximum number of bars for divergence to be considered.
5. **Signal Generation and Plotting:**
- When a **bullish divergence** is detected, a **green label** is plotted below the bar where the divergence occurs.
- When a **bearish divergence** is detected, a **red label** is plotted above the bar.
- The script uses **`plotshape()`** to plot these labels on the chart.
6. **Alerts:**
- Alerts are configured for both **bullish** and **bearish divergences** so that you can be notified when a divergence signal occurs.
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### **How the Indicator Works:**
- The RSI and price action are compared using **pivots**: The script checks whether the price and RSI are forming new highs or lows within the specified **lookback period**.
- If the conditions for divergence (higher/lower RSI pivot vs price pivot) are met, a signal is plotted on the chart.
- The script helps to visually identify potential reversal points and allows users to set alerts for these divergence signals.
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### **Use Case:**
- This script is useful for traders looking to trade potential trend reversals based on **divergence** between price and RSI.
- **Bullish divergence** can indicate a **buy** opportunity, while **bearish divergence** can suggest a **sell** opportunity.
- The indicator works best in **volatile markets** and when combined with other technical analysis tools for confirmatio
RSI Overlay Table - 30 Tickers Sorted with ColorOverview
The RSI Overlay Table script provides traders with a powerful tool to monitor the Relative Strength Index (RSI) across multiple tickers in real-time. This script enables users to keep track of up to 30 different assets simultaneously, displaying their RSI values in an easy-to-read table format directly on the chart. It helps traders identify overbought and oversold conditions quickly, enhancing their ability to make informed trading decisions.
Key Features
Monitor Multiple Tickers: Track the RSI values of up to 30 different tickers at once. This allows users to have a broad view of market conditions across various assets without the need to switch between charts.
Dynamic RSI Calculations: The script calculates the RSI using the user-defined length, providing flexibility to adjust sensitivity based on the trading strategy. The default RSI length is set to 14, a commonly used period in technical analysis.
Customizable Overbought and Oversold Levels: Users can define their own overbought and oversold RSI levels, allowing them to tailor the script to their trading style. By default, the overbought level is set at 70, and the oversold level is set at 30.
Hide Neutral Rows Option: To help traders focus on the most critical signals, the script includes an option to hide rows where the RSI values are neither overbought nor oversold. This feature helps traders concentrate on assets that are more likely to experience a price reversal.
Color-Coded Alerts: The script highlights overbought and oversold conditions with distinct colors:
Red: Indicates that the asset is overbought (RSI above the user-defined overbought level).
Green: Indicates that the asset is oversold (RSI below the user-defined oversold level).
How to Use the RSI Overlay Table Script
Input Tickers: Enter up to 30 ticker symbols in the script settings. The script will automatically fetch the RSI values for each ticker and display them in the overlay table on the chart.
Adjust RSI Settings: Modify the RSI length and the overbought/oversold levels according to your trading strategy. These settings can be adjusted in the script input panel.
Use the Hide Neutral Rows Option: Toggle the “Hide Neutral Rows” option to focus only on tickers that are in overbought or oversold conditions. This feature is useful for traders who wish to filter out less significant signals and only act on strong RSI indicators.
Interpret the Table: The table will display each ticker symbol alongside its current RSI value. Tickers with RSI values above the overbought level will be highlighted in red, suggesting a potential sell signal. Tickers with RSI values below the oversold level will be highlighted in green, indicating a potential buy signal.
Application and Strategy
The RSI Overlay Table script is designed for traders who manage multiple assets and need to monitor their technical indicators efficiently. It is particularly useful for:
Swing Traders: Identifying overbought and oversold conditions to time entries and exits.
Portfolio Managers: Monitoring the relative strength of various assets in a portfolio.
Scalpers: Quickly spotting extreme price movements across multiple assets.
Notes
This script is intended to be used as a supplementary tool for technical analysis. Always use it in conjunction with other indicators and market analysis techniques.
The RSI values and signals provided by this script should not be taken as financial advice.
The RSI Overlay Table script provides a clear and efficient way to track RSI values across multiple assets, helping traders make more informed decisions. By offering customizable settings and a clean, color-coded interface, this tool aims to enhance the user's trading experience and streamline their analysis process.
RSI Analysis with Statistical Summary Scientific Analysis of the Script "RSI Analysis with Statistical Summary"
Introduction
I observed that there are outliers in the price movement liquidity, and I wanted to understand the RSI value at those points and whether there are any notable patterns. I aimed to analyze this statistically, and this script is the result.
Explanation of Key Terms
1. Outliers in Price Movement Liquidity: An outlier is a data point that significantly deviates from other values. In this context, an outlier refers to an unusually high or low liquidity of price movement, which is the ratio of trading volume to the price difference between the open and close prices. These outliers can signal important market changes or unusual trading activities.
2. RSI (Relative Strength Index): The RSI is a technical indicator that measures the speed and change of price movements. It ranges from 0 to 100 and helps identify overbought or oversold conditions of a trading instrument. An RSI value above 70 indicates an overbought condition, while a value below 30 suggests an oversold condition.
3. Mean: The mean is a measure of the average of a dataset. It is calculated by dividing the sum of all values by the number of values. In this script, the mean of the RSI values is calculated to provide a central tendency of the RSI distribution.
4. Standard Deviation (stdev): The standard deviation is a measure of the dispersion or variation of a dataset. It shows how much the values deviate from the mean. A high standard deviation indicates that the values are widely spread, while a low standard deviation indicates that the values are close to the mean.
5. 68% Confidence Interval: A confidence interval indicates the range within which a certain percentage of values of a dataset lies. The 68% confidence interval corresponds to a range of plus/minus one standard deviation around the mean. It indicates that about 68% of the data points lie within this range, providing insight into the distribution of values.
Overview
This Pine Script™, written in Pine version 5, is designed to analyze the Relative Strength Index (RSI) of a stock or other trading instrument and create statistical summaries of the distribution of RSI values. The script identifies outliers in price movement liquidity and uses this information to calculate the frequency of RSI values. At the end, it displays a statistical summary in the form of a table.
Structure and Functionality of the Script
1. Input Parameters
- `rsi_len`: An integer input parameter that defines the length of the RSI (default: 14).
- `outlierThreshold`: An integer input parameter that defines the length of the outlier threshold (default: 10).
2. Calculating Price Movement Liquidity
- `priceMovementLiquidity`: The volume is divided by the absolute difference between the close and open prices to calculate the liquidity of the price movement.
3. Determining the Boundary for Liquidity and Identifying Outliers
- `liquidityBoundary`: The boundary is calculated using the Exponential Moving Average (EMA) of the price movement liquidity and its standard deviation.
- `outlier`: A boolean value that indicates whether the price movement liquidity exceeds the set boundary.
4. Calculating the RSI
- `rsi`: The RSI is calculated with a period length of 14, using various moving averages (e.g., SMA, EMA) depending on the settings.
5. Storing and Limiting RSI Values
- An array `rsiFrequency` stores the frequency of RSI values from 0 to 100.
- The function `f_limit_rsi` limits the RSI values between 0 and 100.
6. Updating RSI Frequency on Outlier Occurrence
- On an outlier occurrence, the limited and rounded RSI value is updated in the `rsiFrequency` array.
7. Statistical Summary
- Various variables (`mostFrequentRsi`, `leastFrequentRsi`, `maxCount`, `minCount`, `sum`, `sumSq`, `count`, `upper_interval`, `lower_interval`) are initialized to perform statistical analysis.
- At the last bar (`bar_index == last_bar_index`), a loop is run to determine the most and least frequent RSI values and their frequencies. Sum and sum of squares of RSI values are also updated for calculating mean and standard deviation.
- The mean (`mean`) and standard deviation (`stddev`) are calculated. Additionally, a 68% confidence interval is determined.
8. Creating a Table for Result Display
- A table `resultsTable` is created and filled with the results of the statistical analysis. The table includes the most and least frequent RSI values, the standard deviation, and the 68% confidence interval.
9. Graphical Representation
- The script draws horizontal lines and fills to indicate overbought and oversold regions of the RSI.
Interpretation of the Results
The script provides a detailed analysis of RSI values based on specific liquidity outliers. By calculating the most and least frequent RSI values, standard deviation, and confidence interval, it offers a comprehensive statistical summary that can help traders identify patterns and anomalies in the RSI. This can be particularly useful for identifying overbought or oversold conditions of a trading instrument and making informed trading decisions.
Critical Evaluation
1. Robustness of Outlier Identification: The method of identifying outliers is solely based on the liquidity of price movement. It would be interesting to examine whether other methods or additional criteria for outlier identification would lead to similar or improved results.
2. Flexibility of RSI Settings: The ability to select various moving averages and period lengths for the RSI enhances the adaptability of the script, allowing users to tailor it to their specific trading strategies.
3. Visualization of Results: While the tabular representation is useful, additional graphical visualizations, such as histograms of RSI distribution, could further facilitate the interpretation of the results.
In conclusion, this script provides a solid foundation for analyzing RSI values by considering liquidity outliers and enables detailed statistical evaluation that can be beneficial for various trading strategies.
Entry Buy/Sell with Adjustable EMA-WMA Difference by Brian LeThe "Entry Buy/Sell with RSI-WMA Conditions" script, crafted by Brian Le, is a specialized TradingView indicator designed for traders who seek to capitalize on specific RSI (Relative Strength Index) crossover events relative to key moving averages, specifically the EMA (Exponential Moving Average) and WMA (Weighted Moving Average). This tool is particularly useful for identifying potential entry points in a trading strategy, marked by distinctive visual signals on the chart.
Key Features:
Customizable Timeframes and Lengths: Users can adjust the lengths of the RSI, EMA, and WMA, making the indicator versatile across various timeframes and trading styles.
RSI Crossover Signals: The script generates signals based on the RSI crossing over the EMA. A green dot signifies a potential buy signal when the RSI crosses above the EMA, while a red dot indicates a potential sell signal when the RSI crosses below the EMA.
Special Conditions Based on WMA: The indicator enhances decision-making by including the WMA in its analysis. Buy signals (green dots) are only shown when the RSI is below the WMA, and sell signals (red dots) are displayed when the RSI is above the WMA. This additional condition helps in filtering out less probable trades.
EMA and WMA Difference Filter: A unique feature of this script is the ability to set a minimum point difference between the EMA and WMA, adding another layer of specificity to the generated signals.
RSI Threshold Filters: The indicator includes optional filters to show signals only when the RSI is above 40 (for buy signals) or below 60 (for sell signals), aiding in avoiding overbought or oversold conditions.
Enhanced Visuals for Significant Events: For more prominent trading events, such as the RSI crossing both the EMA and WMA within a single candle, the script plots larger symbols (triangles), making these significant events stand out on the chart.
Smooth Slow RSIThis is a smoothed rsi indicator. That means that the input for the rsi calculations is smoothed. This results in faster and smoother responses from the rsi! On top of that I have incorporated an advanced formula for rsi that will amplify weak signals. This means you can use longer times with accuracy. For instance if you are on the 3 minute and you want a 30 minute rsi you can just simply multiply your length by 10 and you will get real results. Normally if you do this you wont get the right output. I hope you find this release useful! Here's a recap on how rsi generally works incase this is your first time:
The relative strength index is a technical indicator used in the analysis of financial markets. It is intended to chart the current and historical strength or weakness of a stock or market based on the closing prices of a recent trading period. The indicator should not be confused with relative strength.
RSI mura visionOverview
The Enhanced RSI with Custom 40/60 Zones is a Pine Script™ v6 open-source indicator that builds on the classic Relative Strength Index by adding two additional horizontal levels at 40 and 60, alongside the standard 30/70. These extra zones help you identify early momentum shifts and distinguish trending markets from ranging ones with greater precision.
Key Features & Originality
* Custom Mid-Zones (40/60): Standard RSI signals can be noisy around the 50 midpoint. By marking 40 as a “weak momentum” threshold and 60 as a “strong momentum” confirmation, you get clearer entry and exit cues.
* Color-Coded Zones: The RSI line changes color when crossing 40, 50, 60, 70, and 30, letting you visually spot momentum acceleration or deceleration.
* Configurable Alerts: Built-in alert conditions fire when RSI crosses 40 or 60 in either direction, so you never miss a potential trend onset or exhaustion.
* Lightweight & Clean: No external dependencies, no look-ahead bias, and minimal repainting—ideal for both novice and professional traders.
How It Works
1. Momentum Decomposition: The standard 14-period RSI measures overbought/oversold extremes. Adding 40/60 lets you see when momentum shifts from neutral to bullish (crossing above 60) or bearish (dropping below 40) earlier than the classic 70/30 thresholds.
2. Trend Confirmation vs. Pullbacks: Readings between 40–60 often correspond to healthy pullbacks within a trend. A bounce off 40 suggests continuation; a rejection at 60 warns of a deeper pullback or reversal.
Usage & Inputs
* RSI Length (default 14): Period for calculating RSI.
* Level Inputs: Customize levels for overbought (70), support (60), neutral (50), weak (40), and oversold (30).
* Alert Toggles: Enable/disable alerts on each cross.
Why This Adds Value
* Early Signals: Capture trend beginnings before the market reaches extreme overbought/oversold levels.
* Noise Reduction: Filter sideways chop by watching the 40–60 corridor.
* Flexibility: Works on any timeframe or ticker.
Pine Script™ Version: v6
Open-Source License: MPL-2.0
Feel free to fork, modify, and share.
Trading-Focused RSI with Quality SignalsOverview
Transforms the classic Relative Strength Index into a comprehensive trading system that delivers clear, high-quality signals. Unlike basic RSI indicators that leave interpretation to the trader, TraderRSI filters out noise and highlights only the most promising trading opportunities.
Key Features
Signal Quality Over Quantity
Smart Divergence Detection that identifies only significant, tradable divergences (not every minor oscillation)
Automated Signal Confirmation requiring persistence for multiple bars to eliminate false signals
Clear BUY/SELL Labels appear only on high-probability setups where multiple conditions align
Enhanced Visualization
Color-Coded RSI Line instantly communicates bullish/bearish momentum
Signal Line Crossovers to confirm trend changes early
Trend-Based Background Coloring providing immediate market context
Uncluttered Chart designed specifically for day traders and swing traders
Integrated Market Context
Optional Trend Filter using a 50-period moving average for directional bias
Overbought/Oversold Zones with subtle background highlighting
Divergence Strength Filtering ensures only meaningful divergences are displayed
Trading Applications
For Day Traders
Find precise entry and exit points with clear visual signals. Divergence signals combined with RSI crossovers provide powerful intraday setups.
For Swing Traders
The quality-focused signal system identifies only high-probability trend reversals, perfect for multi-day positions. Background coloring provides immediate trend context.
For Investors
Easily identify overbought or oversold conditions in your watchlist. The trend filter helps distinguish between temporary pullbacks and major reversals.
How to Use
Strong Buy Signal: When a green "BUY" label appears, RSI has crossed above the oversold level with bullish divergence confirmation and (optional) trend alignment
Strong Sell Signal: When a red "SELL" label appears, RSI has crossed below the overbought level with bearish divergence confirmation and (optional) trend alignment
Alert System: Set alerts on any of the eight customizable conditions to never miss a quality trade setup
Smooth Gradient RSIThe RSI READY NO1 is a custom-designed Relative Strength Index (RSI) indicator that visually enhances the classic RSI functionality with modern aesthetics and user-friendly features. Its purpose is to provide smooth and clear insights into price momentum and potential reversal zones.
**Key Features**:
- **Smooth Gradient Line**: The RSI line dynamically changes color from green (low RSI values) to red (high RSI values) through a gradient transition. This visually intuitive representation highlights changes in momentum and overbought/oversold conditions.
- **Customizable Background**: Users can select their preferred background color to enhance visual clarity and suit their personal preferences or chart themes.
- **Precise Levels Marking**: The Overbought Level (default: 70) and Oversold Level (default: 30) are marked with white dashed lines of thickness 2, ensuring clear visibility of critical zones.
**Visual Enhancements**:
- The gradient feature makes the RSI more visually appealing, helping traders quickly identify shifts in market momentum.
- Clean design ensures focus remains on the RSI line, with minimal distractions.
**Usability**:
- Designed for easy integration into charts with parameters customizable directly from the interface.
- Compatible with TradingView platform, leveraging Pine Script Version 5.
This indicator is ideal for traders who prioritize visual clarity and customization, providing enhanced insights into market trends and dynamics.
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.
MTF RSI CandlesThis Pine Script indicator is designed to provide a visual representation of Relative Strength Index (RSI) values across multiple timeframes. It enhances traditional candlestick charts by color-coding candles based on RSI levels, offering a clearer picture of overbought, oversold, and sideways market conditions. Additionally, it displays a hoverable table with RSI values for multiple predefined timeframes.
Key Features
1. Candle Coloring Based on RSI Levels:
Candles are color-coded based on predefined RSI ranges for easy interpretation of market conditions.
RSI Levels:
75-100: Strongest Overbought (Green)
65-75: Stronger Overbought (Dark Green)
55-65: Overbought (Teal)
45-55: Sideways (Gray)
35-45: Oversold (Light Red)
25-35: Stronger Oversold (Dark Red)
0-25: Strongest Oversold (Bright Red)
2. Multi-Timeframe RSI Table:
Displays RSI values for the following timeframes:
1 Min, 2 Min, 3 Min, 4 Min, 5 Min
10 Min, 15 Min, 30 Min, 1 Hour, 1 Day, 1 Week
Helps traders identify RSI trends across different time horizons.
3. Hoverable RSI Values:
Displays the RSI value of any candle when hovering over it, providing additional insights for analysis.
Inputs
1. RSI Length:
Default: 14
Determines the calculation period for the RSI indicator.
2. RSI Levels:
Configurable thresholds for RSI zones:
75-100: Strongest Overbought
65-75: Stronger Overbought
55-65: Overbought
45-55: Sideways
35-45: Oversold
25-35: Stronger Oversold
0-25: Strongest Oversold
How It Works:
1. RSI Calculation:
The RSI is calculated for the current timeframe using the input RSI Length.
It is also computed for 11 additional predefined timeframes using request.security.
2. Candle Coloring:
Candles are colored based on their RSI values and the specified RSI levels.
3. Hoverable RSI Values:
Each candle displays its RSI value when hovered over, via a dynamically created label.
Multi-Timeframe Table:
A table at the bottom-left of the chart displays RSI values for all predefined timeframes, making it easy to compare trends.
Usage:
1. Trend Identification:
Use candle colors to quickly assess market conditions (overbought, oversold, or sideways).
2. Timeframe Analysis:
Compare RSI values across different timeframes to determine long-term and short-term momentum.
3. Signal Confirmation:
Combine RSI signals with other indicators or patterns for higher-confidence trades.
Best Practices
Use this indicator in conjunction with volume analysis, support/resistance levels, or trendline strategies for better results.
Customize RSI levels and timeframes based on your trading strategy or market conditions.
Limitations
RSI is a lagging indicator and may not always predict immediate market reversals.
Multi-timeframe analysis can lead to conflicting signals; consider your trading horizon.
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 Multi-Timeframe PINESCRIPTLABS📈 Use the Relative Strength Index (RSI) calculated across multiple time frames to generate signals
🔹 Intraday: Displays a table with real-time RSI values for the time frames of 5 minutes, 15 minutes, 30 minutes, 1 hour, 4 hours, and 1 day.
🔹 Standard: Displays a table with real-time RSI values for the time frames of 30 minutes, 1 hour, 4 hours, 1 day, 1 week, and 1 month.
The indicator allows you to customize overbought and oversold thresholds, as well as choose between viewing RSI values for intraday or standard time frames, tailoring the analysis to your specific needs. 🔧📊
🔔 Signals are generated when in 4 of the 6 time frames we define below:
Overbought Signal (When RSI indicates overbought conditions):
• Intraday: Activated when the RSI in the time frames of 5 minutes, 15 minutes, 30 minutes, and 1 hour is above the 70 threshold. 📈
• Standard: Activated when the RSI in the time frames of 30 minutes, 1 hour, 4 hours, and 1 day is above the 70 threshold. 📈
Oversold Signal (When RSI indicates oversold conditions):
• Intraday: Activated when the RSI in the time frames of 5 minutes, 15 minutes, 30 minutes, and 1 hour is below the 30 threshold. 📉
• Standard: Activated when the RSI in the time frames of 30 minutes, 1 hour, 4 hours, and 1 day is below the 30 threshold. 📉
Español:
📈 Utiliza el Índice de Fuerza Relativa (RSI) calculado en varios marcos de tiempo para generar señales
🔹 Intraday: Muestra una tabla con los valores del RSI en tiempo real para los marcos de tiempo de 5 minutos, 15 minutos, 30 minutos, 1 hora, 4 horas y 1 día.
🔹 Standard: Muestra una tabla con los valores del RSI en tiempo real para los marcos de tiempo de 30 minutos, 1 hora, 4 horas, 1 día, 1 semana y 1 mes.
El indicador te permite personalizar los umbrales de sobrecompra y sobreventa, así como elegir entre ver los valores RSI para marcos de tiempo intradía o estándar, adaptando el análisis a tus necesidades específicas. 🔧📊
🔔 Las señales se generan cuando en 4 de los 6 marcos de tiempo que definimos a continuación:
Señal de Sobrecompra (Cuando el RSI indica sobrecompra):
• Intraday: Se activa cuando el RSI en los marcos de tiempo de 5 minutos, 15 minutos, 30 minutos y 1 hora está por encima del umbral de 70. 📈
• Standard: Se activa cuando el RSI en los marcos de tiempo de 30 minutos, 1 hora, 4 horas y 1 día están por encima del umbral de 70. 📈
Señal de Sobreventa (Cuando el RSI indica sobreventa):
• Intraday: Se activa cuando el RSI en los marcos de tiempo de 5 minutos, 15 minutos, 30 minutos y 1 hora está por debajo del umbral de 30. 📉
• Standard: Se activa cuando el RSI en los marcos de tiempo de 30 minutos, 1 hora, 4 horas y 1 día están por debajo del umbral de 30. 📉
RSI Buy/Sell SignalsThis Pine Script is designed to plot Buy and Sell signals based on the Relative Strength Index (RSI) for both 15-minute and hourly timeframes. It calculates the RSI values for the current 15-minute chart and requests the hourly RSI data for comparison. Buy signals are generated when the RSI crosses above 60 in either timeframe, while sell signals occur when the RSI crosses below 40. The script also plots visual markers on the chart, indicating buy signals with green labels below the price bars and sell signals with red labels above the price bars. Additionally, it allows for alert conditions, notifying the user when a buy or sell signal is triggered.
Statistical RSI Pivot Reversal Indicator [UAlgo]🔶 Idea
The "Statistical RSI Pivot Reversal Indicator " is designed to enhance traditional RSI analysis by incorporating statistical methods to identify potential reversal points more accurately. The core concept is to detect frequently occurring pivot points in the RSI data, which can indicate strong support or resistance levels. By analyzing the most frequent RSI values at these pivots, the script provides traders with clearer signals for potential market reversals, helping to improve the timing of entry and exit points in their trading strategies.
🔶 Key Features
Enhanced RSI Analysis:
This script calculates the Relative Strength Index (RSI) based on user-defined parameters and identifies pivot points in the RSI data. By analyzing these pivots, it detects the most frequently occurring RSI values at support and resistance levels.
Signal Filtering Options:
Filter buy and sell signals based on whether the RSI is in overbought (above 70) or oversold (below 30) conditions, enhancing the reliability of signals.
Visual and Alert Features:
Visual Signals: The script plots the RSI, the most frequent high and low RSI values, and buy/sell signals on the chart.
Alerts: Set up custom alerts for buy and sell conditions, ensuring you never miss a trading opportunity.
🔶 Disclaimer
The "Statistical RSI Pivot Reversal Indicator " script is intended for educational and informational purposes only.
It does not constitute financial advice or investment recommendations.
Trading financial instruments involves risk, and it is possible to lose more than your initial investment. Past performance is not indicative of future results.
