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.
Cerca negli script per "Relative"
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 Divergence bsTzdThis indicator automatically detects bullish and bearish RSI divergences by comparing swing highs and lows in price against momentum shifts on the Relative Strength Index. It identifies both regular divergences, which signal potential trend reversals, and hidden divergences, which often confirm trend continuation.
All divergences are plotted directly on the chart using clean, non-repainting swing-point logic so signals only appear after pivots are confirmed.
The goal of the tool is to help traders quickly spot early momentum shifts that are otherwise difficult to see in real-time—especially during fast intraday moves. By combining price structure with RSI behavior, the indicator offers high-quality signals designed to improve entry timing, stop placement, and overall trend analysis.
Key Features
Automatic bullish & bearish regular divergences
Automatic bullish & bearish hidden divergences
Uses confirmed swing pivots to avoid repainting
Works on all assets and all timeframes
Clean visual markers for fast decision-making
Helps identify momentum exhaustion, trend continuation, and potential reversals
Useful for scalping, day trading, and swing trading setups
RSI FlipIndicator Description: RSI Flip (30/70 Threshold)
This indicator uses a 7-period Relative Strength Index (RSI) to detect potential market reversals based on classic momentum thresholds:
- RSI < 30 → triggers a Long Deal Signal (1) indicating potential bullish reversal.
- RSI > 70 → triggers a Short Deal Signal (2) indicating potential bearish reversal.
🔧 Features:
- Backtest-compatible output: Hidden plots emit 1 for long and 2 for short, enabling seamless integration with strategy scripts.
- Bias tracking: Internal bias state updates on each trigger, allowing for modular lifecycle logic.
- Background tinting ready: The bias variable can be used to drive visual overlays or downstream automation.
🧩 Integration Notes:
- Designed for symbol-specific use — no external feeds or dependencies.
- Ideal for modular signal stacking, lifecycle-safe deal initiation, or audit-grade strategy mapping.
RSI Bars - OnlyFlowThis indicator applies the RSI (Relative Strength Index) to candle coloring so that bar colors reflect momentum conditions instead of a fixed scheme.
RSI Logic: Bars shift color when RSI values move into overbought or oversold regions, with intensity scaled by how far RSI extends beyond the thresholds.
Gradient / Step Mode: Choose between a smooth gradient or a 3-step palette to visualize strength.
Directional Neutral Colors: Neutral zones can follow candle direction for clearer trend context.
Customization: Overbought/oversold levels and color palettes are user-configurable.
Optional RSI Panel: An RSI plot with overbought/oversold lines can be enabled in a separate pane if desired.
This tool is meant to give traders a more intuitive view of RSI conditions directly on price bars, helping to quickly see momentum extremes without needing to glance away from the chart.
RSI Divergence ProjectionRSI Divergence Projection
Go beyond traditional, lagging indicators with this advanced RSI Divergence tool. It not only identifies four types of confirmed RSI divergence but also introduces a unique, forward-looking engine. This engine spots potential divergences as they form on the current candle and then projects the exact price threshold required to validate them.
Our core innovation is the Divergence Projection Line, a clean, clutter-free visualization that extends this calculated price target into the future, providing a clear and actionable level for your trading decisions.
The Core Logic: Understanding RSI Divergence
For those new to the concept, RSI Divergence is a powerful tool used to spot potential market reversals or continuations. It occurs when the price of an asset is moving in the opposite direction of the Relative Strength Index (RSI). This indicator automatically detects and plots four key types:
Regular Bullish Divergence: Price prints a lower low, but the RSI prints a higher low. This often signals that bearish momentum is fading and a potential reversal to the upside is near.
Hidden Bullish Divergence: Price prints a higher low, but the RSI prints a lower low. This is often seen in an uptrend and can signal a continuation of the bullish move.
Regular Bearish Divergence: Price prints a higher high, but the RSI prints a lower high. This suggests that bullish momentum is weakening and a potential reversal to the downside is coming.
Hidden Bearish Divergence: Price prints a lower high, but the RSI prints a higher high. This is often seen in a downtrend and can signal a continuation of the bearish move.
Confirmed divergences are plotted with solid-colored lines on the price chart and marked with a "B" (Bearish/Bullish) or "HB" (Hidden Bearish/Hidden Bullish) label.
The Core Innovation: The Divergence Projection
This is where the indicator truly shines and sets itself apart. Instead of waiting for a pivot point to be confirmed, our engine analyzes the current, unclosed candle.
Potential Divergence Detection: When the indicator notices that the current price and RSI are setting up for a potential divergence against the last confirmed pivot, it will draw a dashed line on the chart. This gives you a critical head-start before the signal is confirmed.
The Projection Line (Our Innovation): This is the game-changer. Rather than cluttering your chart with messy labels, the indicator calculates the exact closing price the next candle needs to achieve to make the current RSI level equal to the RSI of the last pivot.
It then projects a clean, horizontal dashed line at this price level into the future.
Attached to the end of this line is a single, consolidated label that tells you the type of potential divergence and the exact threshold price.
This unique visualization transforms a vague concept into a precise, actionable price target, completely free of chart clutter.
How to Use This Indicator
1. Trading Confirmed Divergences:
Look for the solid lines and the "B" or "HB" labels that appear after a candle has closed and a pivot is confirmed.
A Regular Bullish divergence can be an entry signal for a long position, often placed after the confirmation candle closes.
A Regular Bearish divergence can be an entry signal for a short position.
Hidden Divergences can be used as confirmation to stay in a trade or to enter a trade in the direction of the prevailing trend.
2. Using the Divergence Projection for a Tactical Advantage:
When a dashed line appears on the current price action, you are seeing a potential divergence in real-time.
Look to the right of the current candle for the Projection Line. The price level of this line is your key level to watch.
Example (Potential Bullish Divergence): You see a dashed green line forming from a previous low to the current lower low. To the right, you see a horizontal line projected with a label: "Potential Bull Div | Thresh: 10,750.50".
Interpretation: This means that if the next candle closes below 10,750.50, the RSI will not be high enough to form a divergence. However, if the price pushes up and the next candle closes above 10,750.50, the bullish divergence remains intact and is more likely to be confirmed. This gives you a concrete price level to monitor for entry or exit decisions.
How the Projection Engine Works: A Deeper Dive
To fully trust this tool, it's helpful to understand the logic behind it. The projection engine is not based on guesswork or repainting; it's based on a precise mathematical reverse-engineering of the RSI formula.
The Concept: The engine calculates the "tipping point." The Threshold Price is the exact closing price at which the new RSI value would be identical to the RSI value of the previous pivot point. It answers the question: "For this potential divergence to remain valid, where does the next candle need to close?"
The Technicals: The script takes the target RSI from the last pivot, reverse-engineers the formula to find the required average gain/loss ratio, and then solves for the one unknown variable: the gain or loss needed on the next candle. This required price change is then added to or subtracted from the previous close to determine the exact threshold price.
This calculation provides the precise closing price needed to hit our target, which is then plotted as the clean and simple Projection Line on your chart.
Features and Customization
- RSI Settings: Adjust the RSI period and source.
- Divergence Detection: Fine-tune the pivot lookback periods and the min/max range for detecting divergences.
- Price Source: Choose whether to detect divergences using candle Wicks or Bodies.
- Display Toggles: Enable or disable any of the four divergence types, as well as the entire projection engine, to keep your chart as clean as you need it.
Summary of Advantages
- Proactive Signals: Get ahead of the market by seeing potential divergences before they are confirmed.
- Unprecedented Clarity: Our unique Projection Line eliminates chart clutter from overlapping labels.
- Actionable Data: The threshold price provides a specific, objective level to watch, removing guesswork.
- Fully Customizable: Tailor the indicator's settings to match any timeframe or trading strategy.
- All-in-One Tool: No need for a separate RSI indicator; everything you need is displayed directly and cleanly on the price action.
We hope this tool empowers you to make more informed and timely trading decisions. Happy trading
True High/Low RSI for DivergenceThis Pine Script creates a highly specialized RSI (Relative Strength Index) indicator designed to provide a more accurate signal for divergence trading. Its official title is "True High/Low RSI for Divergence."
Here is a breakdown of its core features:
1. Dual RSI Calculation based on Highs and Lows:
Unlike a standard RSI that typically uses the closing price of a candle, this indicator calculates two separate RSI lines:
A "High RSI" : This line calculates the RSI based on the high price of each candle. It is intended to track momentum peaks more accurately.
A "Low RSI" : This line calculates the RSI based on the low price of each candle. It is designed to track momentum troughs more accurately.
The main purpose of this separation is to avoid the potential errors that can occur when using an average price (like the close or hl2) during periods of high volatility. By using the true extremes of the price candles, the indicator aims to show a more "true" representation of momentum for identifying divergences between price and the indicator.
2. Dynamic Transparency:
This is a key visual feature. The RSI lines are not always fully visible. They dynamically fade into view as they enter significant overbought or oversold zones:
The Low RSI line (red by default) is invisible when above a value of 50. As it drops from 49 towards 30, it becomes progressively more opaque (more visible). It reaches full opacity at an RSI value of 30, visually alerting the user to strengthening oversold conditions.
The High RSI line (blue by default) is invisible when below a value of 50. As it rises from 51 towards 70, it also becomes progressively more opaque. It is fully opaque at an RSI value of 70, highlighting strengthening overbought conditions.
3. User Customization:
The script allows for user flexibility. You can change:
The colors for both the High and Low RSI lines.
The RSI calculation length (default is 14).
The price source for each RSI line (though they are specifically designed to use high and low).
In summary, this indicator is a purpose-built tool for traders who rely on divergence. It provides a more precise and visually intuitive way to track momentum at its true peaks and troughs, helping to make more informed trading decisions.
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.
RSI Strategy with Manual TP and SL 19/03/2024This TradingView script implements a simple RSI (Relative Strength Index) strategy with manual take profit (TP) and stop-loss (SL) levels. Let's break down the script and analyze its components:
RSI Calculation: The script calculates the RSI using the specified length parameter. RSI is a momentum oscillator that measures the speed and change of price movements. It ranges from 0 to 100 and typically values above 70 indicate overbought conditions while values below 30 indicate oversold conditions.
Strategy Parameters:
length: Length of the RSI period.
overSold: Threshold for oversold condition.
overBought: Threshold for overbought condition.
trail_profit_pct: Percentage for trailing profit.
Entry Conditions:
For a long position: RSI crosses above 30 and the daily close is above 70% of the highest close in the last 50 bars.
For a short position: RSI crosses below 70 and the daily close is below 130% of the lowest close in the last 50 bars.
Entry Signals:
Long entry is signaled when both conditions for a long position are met.
Short entry is signaled when both conditions for a short position are met.
Manual TP and SL:
Take profit and stop-loss levels are calculated based on the entry price and the specified percentage.
For long positions, the take profit level is set above the entry price and the stop-loss level is set below the entry price.
For short positions, the take profit level is set below the entry price and the stop-loss level is set above the entry price.
Strategy Exits:
Exit conditions are defined for both long and short positions using the calculated take profit and stop-loss levels.
Chart Analysis:
This strategy aims to capitalize on short-term momentum shifts indicated by RSI crossings combined with daily price movements.
It utilizes manual TP and SL levels, providing traders with flexibility in managing their positions.
The strategy may perform well in ranging or oscillating markets where RSI signals are more reliable.
However, it may encounter challenges in trending markets where RSI can remain overbought or oversold for extended periods.
Traders should backtest this strategy thoroughly on historical data and consider optimizing parameters to suit different market conditions.
Risk management is crucial, so traders should carefully adjust TP and SL percentages based on their risk tolerance and market volatility.
Overall, this strategy provides a structured approach to trading based on RSI signals while allowing traders to customize their risk management. However, like any trading strategy, it should be used judiciously and in conjunction with other forms of analysis and risk management techniques.
Gtrades Forex RSI & Volume SignalThe "Forex RSI & Volume Signal" indicator combines Relative Strength Index (RSI) and volume analysis to identify potential buy signals in forex trading. It calculates RSI to gauge overbought or oversold conditions, while comparing current volume to a moving average to determine bullish volume momentum. When RSI indicates oversold conditions and volume suggests bullish momentum, a buy signal is generated. This indicator aims to identify favorable entry points during short-term uptrends in the forex market, leveraging both momentum and volume analysis to inform trading decisions. It provides traders with a comprehensive tool to identify potential buying opportunities based on multiple technical factors.
RSI Divergence AlertsIndicator Description: RSI Divergence Alerts
The RSI Divergence indicator is a technical analysis tool that identifies divergences between the Relative Strength Index (RSI) and the price of an asset. The RSI is a momentum indicator that measures the speed and magnitude of recent changes in an asset's price, while divergences occur when there is a disparity between price movements and the RSI.
Indicator Customization:
Overbought and Oversold: The indicator allows you to customize the overbought and oversold levels of the RSI. This allows traders to adjust parameters according to their preferences and the historical behavior of the asset in question.
Indicator Settings and Recommended Adjustments:
Max Bar Distance: This parameter determines the maximum distance allowed between two low or high points for a divergence to be recognized. A higher value may result in more signals, but may also increase the number of false signals. It is recommended to adjust this value based on the volatility of the asset and the time period in which it is being traded.
RSI Length: This is the time period used to calculate the RSI. A longer period smoothes the indicator, while a shorter period makes it more sensitive to price changes. The default value is 14, but traders can adjust it based on their trading strategy and the asset's volatility.
RSI Overbought and Oversold: These values determine the levels at which the RSI is considered overbought and oversold, respectively. The default value for overbought is 75 and for oversold is 35. Traders can adjust these values according to the asset's volatility and its historical analysis. For example, in more volatile assets, it may be useful to use more extreme levels, such as 80 for overbought and 20 for oversold.
When adjusting indicator settings, traders must consider the balance between sensitivity and accuracy. Careful tuning of these parameters can help filter out false signals and identify more reliable trading opportunities.
The alerts functionality in this RSI Divergence indicator is designed to notify traders when a bearish divergence or a bullish divergence is detected. Here's how it works:
Conditionally Triggered Alerts:
Alerts are triggered based on the boolean variables bearishDivergence and bullishDivergence.
If bearishDivergence is true, it indicates that a bearish divergence has been detected.
If bullishDivergence is true, it indicates that a bullish divergence has been detected.
Alert Message:
When a divergence is detected, an alert message is generated to inform the trader about the event.
The message includes details about the divergence, such as the difference in the RSI value between the two points forming the divergence.
For example, for a bearish divergence, the message will include the phrase "Bearish RSI Divergence Detected" and the RSI difference between the high and low points of the divergence.
Alert Frequency:
Alerts are configured to be triggered once per bar close (alert.freq_once_per_bar_close), which means the alert will only be sent once at the close of each bar.
This helps to avoid multiple alerts for the same divergence during the same time period.
Additional Alert Conditions:
In addition to conditionally triggered alert messages, alert conditions are defined for both bearish and bullish divergences.
These alert conditions are useful for configuring custom alerts on trading platforms that support running Pine Script code.
Overall, this alert functionality allows traders to stay informed about potential trading opportunities based on divergences detected by the indicator. This can help traders make faster and more informed decisions in their trading processes.
DOUBLE RSI+MA ALERTS SETUPThis is an indicator that provides two verses of relative force indices (RSI) - an RSI Rapid and an RSI Normal, but as moving media (MA) applied with an RSI Rapid for suavização.
Rapid RSI and Normal RSI:
Or RSI is a momentum indicator that mediates the speed and alteração of preço movements of an ativo. No script, we calculate the RSI variations:
O RSI Rápido, com um período configurável que por padrão é but curto (5 períodos), para reactor but quickly to these mudanças no preço.
Or RSI Normal, with a configured period, but with a maximum value (14 periods), proportionate to an analysis but correct.
Media Móvel do RSI Rápido:
We have a simple mobile media (SMA) application with RSI Rapido, using the same number of times as RSI to monitor variations and facilitate viewing of the direction of the trend.
Levels of Overbought and Oversold:
These are the levels of overbought (sobrevendido) and oversold (sobrecomprado). Therefore, the overbought level is set at 80 and the overbought level is 20, depending on the classic RSI settings.
Alert Conditions:
Criamos alert conditions to inform you when the RSI of each type is ultrapassed or they are not defined as overbought and oversold. Assim, we can be notified of potential entry points or conditions based on these extreme market conditions. These messages are personalized to ensure that you quickly identify when the RSI has disappeared or alerted you if it is an overbought or oversold condition.
Visualization Graphic:
The indicator plots as RSI Rapid and RSI Normal lines not graphically for visual analysis, but with horizontal lines indicating the level of overbought and oversold. A cor dessas linehas éjustável para clareza.
Informative Table:
The tab is added to the lower side of the graphic fornecendo values at the real time of the RSI Fast as the RSI Normal, making it easier to visualize quickly and to compare unless it is necessary to print directly for the graphic.
This script has a powerful ferrament for operators that provides integrated analysis of RSI into its strategies, offering flexibility to monitor the dynamics of the preço and different tempo scales. Personal alerts are particularly important to be aware of marketing conditions without the need for constant monitoring. Algum additional functionality that you find useful or extra personalization that you want?
RSI+MA ALERTThis script is a custom indicator for use on the TradingView platform, which combines the Relative Strength Index (RSI) with a moving average applied to the RSI itself to smooth its movements and potentially identify trends or reversals more clearly.
The RSI is a momentum oscillator that measures the speed and variation of asset price movements. RSI values range from 0 to 100 and are generally considered overbought when above 70 and oversold when below 30. In our indicator, we adjust these levels to 80 and 20, respectively, to avoid premature or delayed signals. Furthermore, we have inserted customizable options within the script that allow the user to define their own overbought and oversold thresholds, thus improving compatibility with different strategies and market conditions.
The overbought metric means that the price may be at a point of downward reversal, while an oversold state may indicate an imminent upward reversal point. These levels are visualized as dotted horizontal lines on the indicator chart for guidance.
To capture the behavior of the RSI over time, we apply a simple moving average (SMA) to the RSI values, thereby smoothing the RSI graph and highlighting the broader trend of oscillator movement. This helps filter out the noise from smaller price movements and provides a clearer representation of trend momentum.
Regarding alerts, the indicator is programmed to send notifications when the RSI value crosses the defined overbought and oversold levels. This means that when the RSI drops below 20, the indicator triggers an oversold alert, while an RSI above 80 triggers an overbought alert. These levels, however, are user adjustable in code, allowing custom levels to be defined to match individual strategies.
Visually, the indicator plots two lines on the chart below the main price chart: a blue line for the RSI values and an orange line for the RSI moving average. The red (oversold - 20) and green (overbought - 80) horizontal lines delimit the critical levels, although these are also customizable. These are the fundamental features of this indicator that make it a useful tool for analyzing momentum and potentially identifying price reversals.
