RSI Trend LineI took a concept similar to the "Adaptive RSI" to get the RSI overlaid on a price chart. The problem I have with the Adaptive RSI is to me it sticks too closely to price. I wanted something much more visually helpful that can provide actual tradable signals and strategies.
The orange line you are seeing is the "RSI Trend Line"
The further the RSI moves away from a value of 50 (the "zero line"), the more you see this orange line move away from price. This helps visualize the strength of price pushing away from a neutral value to a position of strength or weakness-- if orange is below price then relative strength is high; if orange is above price then relative strength is low. When price is equal to the orange RSI line, the RSI is at a value of 50.
In addition to the trend line, you can enable bands which reflect Overbought and Oversold levels . If you leave the responsiveness to a value of 1.0 and removed any smoothing, these should pretty accurately reflect an actual RSI chart topping the OB and OS lines (default 70 and 30, respectively). (They're still very close with different responsiveness and smoothing values)
The conversion or scaling of RSI value onto price comes with a bit of a quirk which I decided to leave to the user to determine how they want it applied. So the setting "Responsiveness" will impact the sort of aggressiveness of the RSI trend line as well as the the size of the bands. You could think of this in some ways as the OPPOSITE of the multiple setting on a Bollinger or Keltner band-- 1.0 will make for the widest band, 2.0 is the default and my preference, and you can move it up to a value of 5.0.
Here are some examples of how you could use the indicator for trade signals--
And here's my thought on the current state (as of 10/06) on indices with regards to this indicator-
Cerca negli script per "rsi"
RSI 6/14/24 by HC3 timeframes of RSIs: 6, 14 and 24 days. This is the extended version of the "standard" RSI script.
How to use it:
It has 3 upper bands and 3 lower bands. The 6-day RSI (orange line) corresponds to 80 and 20 bands, which means if 6-day RSI is over 80, it is an indicator of overbought for short term. Similarly, 14-day RSI use 70 and 30 bands and 24-day RSI use 60 and 40 bands. But these are not the "magic numbers". For different investments, they may have different thresholds. You can change it in the setting.
We all know when RSI is high, it may be an indicator to sell the investments we are holding. However, if 6-day RSI > 80, but 14-day RSI <70, it may not be the good time to sell it right now. We may watch it for a few days. But if all 3 RSIs are above the corresponding upper bands, it may be the time to sell it.
When the orange line down crosses the purple and blue lines, the price is dropping down. On the contrary, when the orange line up crosses the purple and blue lines, the price is probably up.
Let me know if you have any question.
Holly
2020.12.05
Bjorgum RSIRSI output signals are displayed with color change to reflect the plotted value. This makes evaluating RSI conditions require but a glance.
RSI momentum buy signals are given on the cross of the 50 level, whereas sell signals are given on a fall below.
Default values a 5 period RSI which gives more timely entrances and exits for swing traders. This can be adjusted to the typical 14 period if the viewer desires slower signals.
Bullish and bearish area is shaded to accentuate the signal to the eye.
Excellent results can be found when coupling BJ RSI, with BJ TSI, and the reversal system using all 3 as a complete together simultaneously
Default color changes are plotted as a recorded value falls within the following levels:
RSI < 30 = green
RSI 30-50 = red
RSI 50-70 = blue
RSI 70-80 = yellow
RSI 80-90 = orange
RSI 90-100 = white hot
Rsi, Stoch, DMI, Doble(Stoch RSi) // By MocheroWith this indicator we seek to find convergence of the
First Oscillator (RSI, Stoch and DMI) and the Second Oscillator (Stoch, Stoch RSI 1 and Stoch RSI 2) for purchases or sales.
Search Buy when,
First Oscillator
-Rsi oversold
-Stoch over sold
-DMI oversold
Second Oscillator
-Stoch over sold
-Stoch RSI 1 oversold
-Stoch RSI 2 oversold
Suggested values
First Oscillator
Rsi: 4
Stoch: 5.1.1
DMI: 10.3
Second Oscillator
Stoch: 14.3.3
Stoch RSI 1: 14 .14.3.3
Stoch RSI 2: 6. 6.3.3
Suggested time, 3M 5M 15M
RSI Season Tracker by KrisWatersSeason tracker identifies the momentum with tracking dominance and market capitalization data of Bitcoin , Altcoin and USDT .
With this indicator you can able to get know about Bitcoin, Altcoin and USDT dominance and market capitalization easily.
Backgrond Color Definations:
If the background color of indicator is ORANGE means that Bitcoin dominance is the most powerful. It is a good sign for Bitcoin.
If the background color of indicator is BLUE means that Altcoin dominance is the most powerful. It is a good sign for Altcoins.
If the background color of indicator is GREEN means that USDT dominance is the most powerful. It is a good sign for USDT.
Plus Sign (+) Meaning and Color Definations:
If ORANGE plus sign is visible on indicator means that market capitalization of Bitcoin is increasing. It is a good sign for Bitcoin.
If BLUE plus sign is visible on indicator means that market capitalization of Altcoin is increasing. It is a good sign for Altcoins.
If GREEN plus sign is visible on indicator means that market capitalization of Bitcoin and Altcoins are decreasing. It is not a good sign for both.
Light and Dark RSI Line Color Definations:
If the line of Bitcoin color is Orange means that, RSI value was increased compared with previous bar. It is one of the good sign of the momentum strength.
If the line of Bitcoin color is Yellow means that, RSI value was decreased compared with previous bar. It is not a good sign.
If the line of Altcoin color is Navy means that, RSI value was increased compared with previous bar. It is one of the good sign of the momentum strength.
If the line of Altcoin color is Blue means that, RSI value was decreased compared with previous bar. It is not a good sign.
If the line of USDT color is Green means that, RSI value was increased compared with previous bar. It is one of good the sign of the momentum strength.
If the line of USDT color is Lime means that, RSI value was decreased compared with previous bar. It is not a good sign.
Simple RSI rules are valid for this indicator.
RSI value is under 30 indicates that asset is OVERSOLD .
RSI value is upper 70 indicates that asset is OVERBOUGHT .
Important Notice: Dominance data is not correlated with price. For example; sometimes dominance is increasing but the price is not. And that's where the market capitalization comes in.
If the plus sign is not visible , you can get questioning for the movement. It is not a good sign at all.
If the plus sign is visible and RSI is increasing , It is a good sign for the strength of assets movement.
I recommended to use on DAILY timeframe . But you can use different timeframes as well.
Please leave comment below If you have any question or development idea.
RSI Call-outs Multi-resolution [BigBitsIO]This is a simple multi-resolution (multi-timeframe) RSI indicator that overlays the current chart to show labels for specified oversold and overbought areas defined with inputs.
Up to 4 different resolutions/timeframes for their respective RSI (1,2,3, or 4). RSI1 is always enabled and can not be disabled.
Red labels with white text represent overbought RSI levels as defined by the user. All enabled RSI will have to qualify as overbought based on settings.
Green labels with black test represent oversold RSI levels as defined by the user. All enabled RSI will have to qualify as oversold based on settings.
This RSI overlay help easily call-out overbought and oversold candles on a chart where other RSI values on larger resolutions/timeframes are also oversold/overbought without sacrificing screen space for a traditional RSI indicator that is not overlayed on the chart.
This indicator has alert conditions that will trigger when all enabled RSI indicators are either oversold or overbought respective to your settings.
Note: The best results are to operate your chart as your smallest RSI resolution selected. Personally, I prefer to have my smallest (shortest timeframe) in RSI1, and go larger farther out to RSI4.
RSI with Smoothing, MA Filter and Alerts - BUY/SELL ArrowsEnglish description:
Here you have kind of better RSI (with smoothing) that can improve your decision-making process when you would like to trade.
Script has the following characteristics:
- Candles colorization
- RSI length
- RSI smoothing
- Moving Average Filter
- Moving Average to choose between: SMA and EMA
- Few differents methods of BUY/SELL signals to choose from and combine together
- Possibility to set Upper/Lower bands for over-bought/sold areas
This BUY/SELL Arrows script is invite-only for the members of our trading group (info in signature).
If you would like to have the oscillator visible on chart above, here is the complementary script:
Polish description:
Niniejszy skrypt, dzięki nieco ulepszonym wskaźniku RSI (z opcją wygładzenia jego linii sygnałowej) ma za zadanie wspomóc proces decyzyjny przy zakładaniu pozycji na giełdzie.
Możliwości są następujące:
- Kolorowanie świec na wykresie zgodnie z kierunkiem danych ustaleń wskaźnika RSI
- Długość/okres RSI
- Wygładzenie RSI
- Filtrowanie sygnałów Średnią Kroczącą
- Wybór pomiędzy dwoma rodzajami średnich kroczących: SMA i EMA
- Kilka różnych metod generowania sygnałów KUPNA/SPRZEDAŻY, które można włączać/wyłączać lub łączyć razem
- Możliwość ręcznego ustawienia domyślnych wartości górnej i dolnej bandy wskaźnika RSI, czyli stref wykupienia/wyprzedania.
Skrypt jest publikowany na zasadzie invite-only(zasada przydzielania dostępu na TradingView), a zatem dostępny jest tylko dla aktywnych użytkowników naszej grupy traderskiej, do której link można znaleść w mojej sygnaturze poniżej.
Jeśli chciałbyś również mieć na wykresie oscylator widoczny w oknie powyżej, tutaj jest odnośnik do skryptu uzupełniającego:
RSI + Composite Index [SHK]One of the most powerful indicator based and divergence strategies i have ever seen was made by Constance Brown.
The Composite Index:
The best way to think of the Composite Index as it applies to the RSI is to think of the RSI as Windows 3.0 and the Composite Index as Windows 10. Constance Brown discovered that the RSI, while it does create and detect divergences, does is not as accurate as it could be. It’s a bit of an oxymoron to say this but the RSI is a momentum indicator without any momentum calculation attached to it. The RSI actually misses a significant amount of important moves and even generates some bad moves. What Constance Brown did with the RSI is to input a momentum calculation within the RSI itself.
Usage:
1. Check hidden and regular divergences on RSI+COMPOSITE_INDEX and PRICE+COMPOSITE_INDEX.
2. After finding divergence wait for COMPOSITE_INDEX to cross under/over it's moving averages to trigger.
Useful Note:
"RSI overbought/oversold as filter", "RSI and COMPOSITE_INDEX trendline as trigger", "RSI 50 Over/Under as trend direction detection", ... can be add to this strategy.
Enjoy!
RSI EMA CrossOver RameshThe RSI is one of the most popular technical indicators. The RSI measures the internal strength of the security. The RSI indicator oscillates between oversold and over bought levels, where a trader is advised to look for buying opportunities when the stock is in over sold region and selling opportunities when the stock is in over bought region.
The RSI with EMA strategy signals a trade when EMA of 7 period RSI crosses over the EMA of a 14 period RSI.
Buy: when 10 EMA of 7 period RSI crossing up 10 EMA of a 14 period RSI
Sell: when 10 EMA of 7 period RSI crossing down 10 EMA of a 14 period RSI
EMA = Exponential Moving Average
Crossover = Simple crossover between current RSI values and its 10 day EMA
RSI or MACD + Tendance Kijun LTThis script is an update of my previous script "RSI + Tendance Kijun LT", I will not explain it here, if needed have a look at it :
I made a new script (and not update the previous one) because some people may not be interested by MACD and for performance perspective they may be interested to only have RSI (since you can't have both but only switch from RSI and MACD)
So now, you can choose to have MACD instead of RSI with long term trend based on Kijun still dispaying. Why am I adding MACD even if most of the time I never use it ? It's for Elliott Wave purpose and principaly for triangle. With MACD, you can easily identify if you're forming a triangle or not in an Elliott Wave perspective (I'm not speaking about chartist triangle).
As an example, you can see ETHUSD in daily and something looking similar to a triangle. We can trade it with many possibility (breakout, support/resistance) but I'm interested in to identify if it's a triangle with an EW count (not chartist) and if it's the case I will consider different scenario (triangle are most of the time wave 4 so we could have one more push leg down on this ticker)
So, in my daytrading I'm still always using RSI except when I want to verify if we have a triangle :) and I need to switch to MACD for that to check the following things :
- am I able to draw a triangle as the price did
- may I able to join A to C and B to D and still have a triangle on MACD
- If Yes, I will take care of E point because it's the start of the 5th wave (E point may be a truncated wave of the triangle and not join the line of points A to C)
By adding this in my strategy, I can anticipate different scenarios and invalidate them if I didn't get the triangle on MACD (by having a D point on MACD not respecting the triangle form). Don't forget, we can decide to don't trade a triangle as an EW count but still trade it as a chartist form (breakout or anything else).
In summary for the next days/weeks, on ETHUSD in daily time unit I will therefore wait and see if the price goes up to point D by being validated on the MACD. If so, then I will look at the possible formation of point E around prices 141$ and 156$, if at these prices I have short signals then it will be interesting to go back in short position
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Ce script est une mise à jour de mon script précédent "RSI + Tendance Kijun LT", je ne l'expliquerai pas ici, si besoin jetez-y un oeil :
J'ai fait un nouveau script (sans forcer la mise à jour du précédent) parce que certaines personnes peuvent ne pas être intéressées par MACD et pour des raisons de performance, elles peuvent être intéressées à n'avoir que RSI (puisque vous ne pouvez pas avoir les deux en même temps mais seulement passer de RSI et MACD)
Donc maintenant, vous pouvez choisir d'avoir MACD au lieu de RSI avec une tendance à long terme basée sur Kijun qui s'affiche toujours. Pourquoi est-ce que j'ajoute MACD même si la plupart du temps je ne l'utilise jamais ? C'est pour Elliott Wave et surtout pour le triangle. Avec MACD, vous pouvez facilement identifier si vous formez un triangle ou non dans une perspective Elliott Wave (je ne parle pas de triangle chartiste).
Par exemple, vous pouvez voir que sur ETHUSD en unité de temps journalière nous avons quelque chose qui ressemble à un triangle. Nous pouvons faire des trade de pleins de manières différentes (cassure d'oblique, support/résistance) mais je suis intéressé d'identifier si c'est un triangle avec un compte EW (pas chartiste) et si c'est le cas, je vais envisager un scénario différent (sachant que les triangles sont la plupart du temps la vague 4 et donc envisager à la sortie une dernière poussée baissière type vague 5 sur ETHUSD)
Donc, dans mon daytrading, j'utilise toujours RSI sauf quand je veux vérifier si nous avons un triangle :) et j'ai besoin de passer à MACD afin de vérifier les éléments suivantes :
- Suis-je capable de dessiner un triangle comme le prix le dessine
- puis-je joindre A à C et B à D et toujours avoir un triangle sur MACD ?
- Si oui, je m'occupe du point E car c'est le début de la 5ème vague (le point E peut être une onde tronquée du triangle et ne pas joindre la ligne des points A à C).
En ajoutant cela dans ma stratégie, je peux anticiper différents scénarios et les invalider si je n'ai pas obtenu le triangle sur MACD (en ayant un point D sur MACD ne respectant pas la forme du triangle). N'oubliez pas, nous pouvons décider de ne pas le trade comme un triangle d'un décompte EW mais de le trade simplement comme un triangle chartiste (breakout ou autre chose).
En résumé pour les prochains jours/semaines, sur ETHUSD en unité de temps journalière je vais donc patienter et voir si le prix va jusqu'au point D en étant validé sur le MACD. Si oui, alors je regarderai l'éventuelle formation du point E autour des prix 141$ et 156$, si à ces prix j'ai des signaux vendeurs alors il sera intéressant de rentrer en position short
RSI / Stoch / SRSI / MFI / Aroon Overlay [SigmaDraconis]Combines 4 popular indicators (RSI, Stoch, SRSI, MFI) and 1 peculiar one (Aroon) in 1 for those who want to save indicators but not only.
This is an evolution of my (simpler) "RSI / Stoch / Stoch RSI (SRSI) Overlay " that you can find on my scripts.
Added bands for oversold/overbought areas (70/30 common for RSI and 80/20 for SRSI and MFI), as well as a middle 50 horizontal line.
Neutral bands around 55-45 added as well that can be hidden for less clutter. I also recommend a more transparent coloring for these since Pine script doesn't allow default transparency for horizontal lines.
By default only RSI and Stoch are activated, you can activate Aroon, MFI and SRSI on the inputs window.
Some extra notes:
* RSI, Stoch and MFI can help to strengthen one's decision as well as Aroon to predict a possible trend reversal, SRSI can show when RSI has high probability of being topped or bottomed when oversold/overbought but don't forget to look at volume and how the trend progresses that can keep SRSI above 80 or below 20 while RSI and price continues to trend, divergences are most helpful here to find possible reversal areas.
* This chart depicts some interesting divergences, as well as Stoch tops and bottoms and confluences between RSI/MFI and Stoch on some over-extended tops and bottoms that shown being good reversal zones.
RSI resistances are shown as well, failing to break above 60 or the neutral zone (this is a bearish BTC trend chart after all) or failing to gain support to break up certain levels (RSI notes a more bullish trend when consistently above 60 and more bearish below 40).
If you like it and use it to profit, please tip me below :)
Tip jars:
BTC: 15nMBiEGVrdGcu9C1h6QRcTNRvugHkqrMQ
ETH: 0xC33845946c48B61fBCbEA0367ec2238CaF2b73bc
BTS: sigma-draconis
RSI Divergence Visualizer
This indicator is a powerful tool for spotting potential trend reversals by automatically identifying and visualizing RSI divergences. It plots both regular bullish and bearish divergences directly on the chart and in the RSI pane, drawing clear lines to connect the relevant pivot points on both the price and the oscillator.
The visualizer also includes several features to enhance your analysis:
RSI and SMA: The standard RSI line is plotted along with an RSI SMA (Simple Moving Average) to help you gauge the overall trend and momentum.
Color-Coded Zones: Clear color-coded zones for overbought (red), oversold (green), and neutral (purple) conditions are displayed, making it easy to see when the RSI is reaching extremes.
Customization: You can adjust the RSI Length, Smoothing Length, and Pivot Lookback sensitivity to fine-tune the indicator to your specific trading strategy and timeframe.
Future Features
Expanded Divergence Types: The indicator will be enhanced to detect Hidden Bullish and Hidden Bearish divergences, which signal trend continuation. This will provide a more comprehensive view of potential trading opportunities.
Advanced Confirmation Logic: We will introduce new options to confirm a divergence, giving you greater control:
RSI Level Confirmation: The ability to specify any RSI level (e.g., 30 or 70) for confirmation, rather than being limited to the midpoint of 50.
Price Action Confirmation: A divergence will be marked as complete when the price breaks out above the previous pivot high for a bullish divergence or breaks down below the previous pivot low for a bearish divergence. This is a powerful signal that the trend has reversed.
RSI - SECUNDARIO - mauricioofsousaSecondary RSI – MGO
Reading the rhythm behind the price action
The Secondary RSI is a specialized oscillator developed as part of the MGO (Matriz Gráficos ON) methodology. It works as a refined strength filter, designed to complement traditional RSI readings by isolating the true internal rhythm of price action and reducing the influence of market noise.
While the standard RSI measures price momentum, the Secondary RSI focuses on identifying breaks in oscillatory balance—the moments when the market shifts from accumulation to distribution or from compression to expansion.
🎯 What the Secondary RSI highlights:
Internal imbalances in energy between buyers and sellers
Micro-divergences not visible on standard RSI
Areas of price fatigue or overextension that often precede reversals
Confirmation zones for MGO oscillatory events (RPA, RPB, RBA, RBB)
📊 Recommended use:
Combine with the Primary RSI for dual-layer validation
Use as a noise-reduction tool before entering trends
Ideal in medium timeframes (12H / 4H) where oscillatory patterns form clearly
🧠 How it works:
The Secondary RSI recalculates the momentum signal using a block-based interpretation (aligned with the MGO structure) instead of simply following raw candle data. It adapts to the periodic nature of price behavior and provides the trader with a more stable and reliable measure of true market strength.
RSI+Stoch Band Oscillator📈 RSI + Stochastic Band Oscillator
Overview:
The RSI + Stochastic Band Oscillator is a technical indicator that combines the strengths of both the Relative Strength Index (RSI) and the Stochastic Oscillator. Instead of using static thresholds, this indicator dynamically constructs upper and lower bands based on the RSI and Stochastic overbought/oversold zones. It then measures the relative position of the current price within this adaptive range, effectively producing a normalized oscillator.
Key Components:
RSI-Based Dynamic Bands:
Using RSI values and exponential moving averages of price changes, upper and lower dynamic bands are constructed.
These bands adjust based on overbought and oversold levels, offering a more responsive framework than fixed RSI thresholds.
Stochastic-Based Dynamic Bands:
Similarly, Stochastic %K and %D values are used to construct dynamic bands.
These adapt to overbought and oversold levels by recalculating potential high/low values within the lookback window.
Oscillator Calculation:
The oscillator (osc) is computed as the relative position of the current close within the combined upper and lower bands of both RSI and Stochastic.
This value is normalized between 0 and 100, allowing clear identification of extreme conditions.
Visual Features:
The oscillator is plotted as a line between 0 and 100.
Color-filled areas highlight when the oscillator enters extreme zones:
Above 100 with falling momentum: Red zone (potential reversal).
Below 0 with rising momentum: Green zone (potential reversal).
Additional trend conditions (falling/rising RSI, %K, and %D) are used to strengthen reversal signals by confirming momentum shifts.
RSI Trendlines [RG]Overview
RSI Trendlines combines the power of automatic trendline detection with the popular Relative Strength Index (RSI) indicator. This tool identifies and plots dynamic support and resistance trendlines directly on the RSI chart, helping you spot potential trend changes and divergences in momentum before they appear in price.
Key Features
Automatically detects and draws trendlines on the RSI indicator
Identifies significant pivot points in RSI momentum
Customizable appearance with adjustable colors and line widths
Built-in alerts for trendline breaks
How It Works
The indicator calculates the standard RSI using your preferred settings
It identifies pivot highs and lows in the RSI using the specified lookback period
Valid trendlines are drawn connecting consecutive pivots
Lines extend until they experience a confirmed break
Customization Options
RSI Parameters: Adjust length and source to your preference
Trendline Settings: Control pivot detection sensitivity and maximum lines
Visual Options: Customize colors, line widths, and optional midline display
Ideal For
Identifying established trends in momentum
Spotting potential RSI divergences early
Timing entries and exits based on momentum shifts
Confirming trend changes with objective trendline breaks
This indicator aims to help traders move beyond static overbought/oversold levels by revealing the dynamic structure of momentum trends and highlighting potential reversals and continuations.
Please don't use this as a buy and sell indicator. Use it to get an idea on the market trend and as an extra confirmation for your trades. Happy Trading :)
RSI with Bollinger Bands and Buy/Sell SignalsPurpose:
This indicator combines the Relative Strength Index (RSI) with Bollinger Bands to identify overbought and oversold conditions in the market. It also generates buy and sell signals based on the interaction between the RSI and the Bollinger Bands. It is particularly useful for traders looking for opportunities in volatile or trending markets.
How It Works:
RSI (Relative Strength Index):
The RSI measures the magnitude of recent price changes to evaluate whether an asset is overbought (values > 70) or oversold (values < 30).
In this indicator, horizontal lines at levels 70 (overbought) and 30 (oversold) are used as reference points.
Bollinger Bands:
Bollinger Bands are calculated around a smoothed moving average of the RSI. The upper band represents dynamic overbought levels, while the lower band indicates dynamic oversold levels.
These bands automatically adjust their width based on the volatility of the RSI, allowing them to adapt to different market conditions.
Buy and Sell Signals:
Buy Signal: A buy signal is generated when the RSI exceeds both the upper Bollinger Band and the overbought level (70). This suggests that the asset is in an extreme bullish phase.
Sell Signal: A sell signal is generated when the RSI falls below both the lower Bollinger Band and the oversold level (30). This suggests that the asset is in an extreme bearish phase.
Alerts:
The indicator includes automatic alerts to notify you when buy or sell signals are generated. This allows traders to act quickly on new opportunities.
Best Practices:
Confirmation in Lower Timeframes:
Although this indicator is powerful, it is recommended to confirm signals in lower timeframes before making trading decisions. For example:
If you receive a buy signal on a 4-hour chart, check if the RSI and Bollinger Bands on lower timeframes (such as 1 hour or 15 minutes) also show bullish signals.
This reduces the risk of false positives and increases the accuracy of your entries.
Use in Trends:
This indicator works best in markets with clear trends. In sideways or low-volatility markets, signals may be less reliable due to the lack of directional momentum.
Risk Management:
Always use stop-loss and take-profit to protect your positions. Buy and sell signals are just one tool for analysis; they do not guarantee results.
Combination with Other Indicators:
To improve accuracy, consider combining this indicator with others, such as MACD, Stochastic Oscillator, or Japanese candlestick patterns. This can provide additional confirmation before opening a position.
Summary:
The RSI + Bollinger Bands with Buy/Sell Signals indicator is an advanced tool designed to identify entry and exit points in the market based on extreme overbought and oversold conditions. However, to maximize its effectiveness, it is crucial to confirm signals in lower timeframes and use it in combination with other technical analysis tools. With proper risk management and careful interpretation of signals, this indicator can be a valuable ally in your trading strategy.
RSI Volatility Suppression Zones [BigBeluga]RSI Volatility Suppression Zones is an advanced indicator that identifies periods of suppressed RSI volatility and visualizes these suppression zones on the main chart. It also highlights breakout dynamics, giving traders actionable insights into potential market momentum.
🔵 Key Features:
Detection of Suppression Zones:
Identifies periods where RSI volatility is suppressed and marks these zones on the main price chart.
Breakout Visualization:
When the price breaks above the suppression zone, the box turns aqua, and an upward label is drawn to indicate a bullish breakout.
If the price breaks below the zone, the box turns purple, and a downward label is drawn for a bearish breakout.
Breakouts accompanied by a "+" label represent strong moves caused by short-lived, tight zones, signaling significant momentum.
Wave Labels for Consolidation:
If the suppression zone remains unbroken, a "wave" label is displayed within the gray box, signifying continued price stability within the range.
Gradient Intensity Below RSI:
A gradient strip below the RSI line increases in intensity based on the duration of the suppressed RSI volatility period.
This visual aid helps traders gauge how extended the low volatility phase is.
🔵 Usage:
Identify Breakouts: Use color-coded boxes and labels to detect breakouts and their direction, confirming potential trend continuation or reversals.
Evaluate Market Momentum: Leverage "+" labels for strong breakout signals caused by short suppression phases, indicating significant market moves.
Monitor Price Consolidation: Observe gray boxes and wave labels to understand ongoing consolidation phases.
Analyze RSI Behavior: Utilize the gradient strip to measure the longevity of suppressed volatility phases and anticipate breakout potential.
RSI Volatility Suppression Zones provides a powerful visual representation of RSI volatility suppression, breakout signals, and price consolidation, making it a must-have tool for traders seeking to anticipate market movements effectively.
RSI Ignoring Gaps Between DaysThe RSI Ignoring Gaps Between Days indicator is an advanced modification of the traditional Relative Strength Index (RSI) designed to exclude price gaps that occur between the last bar of one trading day and the first bar of the next. This ensures that the RSI calculations remain focused on the actual price action during the trading session, avoiding distortions caused by overnight price gaps.
Key Features:
Gap Ignoring Mechanism: The indicator detects when a new day begins and skips the price change between the last bar of the previous day and the first bar of the current day. This ensures that only the intra-day price changes are included in the RSI calculation.
Intra-day Price Movement: The RSI calculations are based on real price changes within each trading day, providing a clearer reflection of momentum without interference from overnight events.
Dynamic RSI Calculation: The traditional RSI formula is preserved, but gains and losses are recalculated based on price changes from bar to bar within the same day.
Overbought/Oversold Levels: The indicator retains standard RSI overbought (70) and oversold (30) levels, allowing traders to easily identify potential reversal zones.
Alerts for Crossovers: Built-in alert conditions trigger when the RSI crosses key levels (30 or 70), signaling potential buying or selling opportunities.
This indicator is particularly useful for traders looking to focus on intra-day price action and avoid the influence of gaps caused by overnight market activity. It is suitable for intraday trading strategies where consistency in price movement measurement is crucial.
RSI & ADX Controlled Entry Signals[deepakks444]Overview:
The "RSI & ADX Immediate Entry Signals" is a TradingView Pine Script designed to provide traders with timely entry signals based on two widely-used technical indicators: the Relative Strength Index (RSI) and the Average Directional Index (ADX). This script aims to maximize responsiveness to market conditions by generating buy and sell signals that reflect the current momentum and trend strength.
Key Components:
Relative Strength Index (RSI): The RSI is a momentum oscillator that measures the speed and change of price movements. It ranges from 0 to 100, typically identifying overbought conditions above 70 and oversold conditions below 30. This script utilizes an RSI threshold of 50 to determine bullish and bearish trends.
Average Directional Index (ADX): The ADX quantifies the strength of a trend without considering its direction. By setting a configurable threshold (default of 25), the script identifies strong trends in the market, facilitating entry signals based on trend direction.
Signal Generation:
Long Entry Signal: A buy signal is generated when the following conditions are met:
The +DI line (Positive Directional Indicator) is above the -DI line (Negative Directional Indicator).
The ADX exceeds the specified threshold (indicating trend strength).
The RSI is above 50 (indicating bullish momentum).
Short Entry Signal: A sell signal is triggered under these conditions:
The -DI line is above the +DI line.
The ADX exceeds the threshold.
The RSI is below 50 (indicating bearish momentum).
User Customization:
The script allows users to adjust the lengths for both the RSI and ADX calculations directly in the input settings to better suit their trading strategy and preferred timeframe.
Users can also customize the ADX threshold to modify sensitivity.
Benefits:
Responsiveness: This script eliminates lag and minimizes the potential for missed trading opportunities by providing immediate entry signals based on current market conditions.
Simplicity: Designed to assist traders in quickly identifying trend changes, this script makes it easy to visualize potential entry points without complex calculations.
Conclusion:
The "RSI & ADX Immediate Entry Signals" script is an effective tool for traders looking to add systematic, rules-based entry signals to their analysis. By combining momentum and trend strength indicators, this script enhances decision-making and can be easily integrated into larger trading strategies.
For immediate Buy/Sell signals keep ADX length at 3.
RSI - ARIEIVhe RSI MAPPING - ARIEIV is a powerful technical indicator based on the Relative Strength Index (RSI) combined with moving averages and divergence detection. This indicator is designed to provide a clear view of overbought and oversold conditions, as well as identifying potential reversals and signals for market entries and exits.
Key Features:
Customizable RSI:
The indicator offers flexibility in adjusting the RSI length and data source (closing price, open price, etc.).
The overbought and oversold lines can be customized, allowing the RSI to signal critical market zones according to the trader’s strategy.
RSI-Based Moving Averages (MA):
Users can enable a moving average based on the RSI with support for multiple types such as SMA, EMA, WMA, VWMA, and SMMA (RMA).
For those who prefer Bollinger Bands, there’s an option to use the moving average with standard deviation to detect market volatility.
Divergence Detection:
Detects both regular and hidden divergences (bullish and bearish) between price and RSI, which can indicate potential market reversals.
These divergences can be customized with specific colors for easy identification on the chart, allowing traders to quickly spot significant market shifts.
Zone Mapping:
The script maps zones of buying and selling strength, filling the areas between the overbought and oversold levels with specific colors, highlighting when the market is in extreme conditions.
Strength Tables:
At the end of each session, a table appears on the right side of the chart, displaying the "Buying Strength" and "Selling Strength" based on calculated RSI levels. This allows for quick analysis of the dominant pressure in the market.
Flexible Settings:
Many customization options are available, from adjusting the number of decimal places to the choice of colors and the ability to toggle elements on or off within the chart.
RSI Trail [UAlgo]The RSI Trail indicator is a technical analysis tool designed to assist traders in making informed decisions by utilizing the Relative Strength Index (RSI) and various moving average calculations. This indicator dynamically plots support and resistance levels based on RSI values, providing visual cues for potential bullish and bearish signals. The inclusion of a trailing stop mechanism allows traders to adapt to market volatility, ensuring optimal entry and exit points.
🔶 Key Features
Multiple Moving Average Types: Choose from Simple Moving Average (SMA), Exponential Moving Average (EMA), Weighted Moving Average (WMA), Running Moving Average (RMA), and McGinley Dynamic for diverse analytical approaches.
Configurable RSI Bounds: Tailor the RSI lower and upper bounds to your specific trading preferences, with default settings at 40 and 60.
Signals: The indicator determines bullish and bearish market states and plots corresponding signals on the chart.
Customizable Visualization: Options to display the midline and color candles based on market state enhance visual analysis.
Alerts: Integrated alert conditions notify you of bullish and bearish signals.
🔶 Calculations
The RSI Trail indicator calculates dynamic support and resistance levels using a combination of moving averages and the Relative Strength Index (RSI). It starts by computing a chosen moving average (SMA, EMA, WMA, RMA, or McGinley) over a period of 27 using the typical price (ohlc4).
The indicator then defines upper and lower bounds based on customizable RSI levels (default 40 and 60) and adjusts these bounds using the Average True Range (ATR) to account for market volatility. The upper bound is calculated by adding a volatility-adjusted value to the moving average, while the lower bound is found by subtracting this value. Bullish signals occur when the price crosses above the upper bound, and bearish signals when it falls below the lower bound.
The RSI Trail indicator also can be used to identify pullback opportunities. When the price high/low crosses above/below the calculated upper/lower bound, it indicates a potential pullback, suggesting a favorable point to enter a trade during a pullback.
🔶 Disclaimer
This indicator is for informational purposes only and should not be considered financial advice.
Always conduct your own research and due diligence before making any trading decisions. Past performance is not necessarily indicative of future results.
RSI and MACD Composite ScoreComponents of the Indicator
RSI Settings:
The RSI is set with a length parameter, which can be adjusted by the user but defaults to 14. This measures the speed and change of price movements.
MACD Settings:
The MACD is composed of two lines: the MACD line and the signal line, which are calculated from exponential moving averages (EMAs) of different lengths (fast and slow). The default settings are 9 for the fast length, 26 for the slow length, and 3 for the signal length.
The MACD histogram, which is the difference between the MACD line and the signal line, is also calculated.
Normalization and Combination
RSI Normalization : The RSI values are normalized around 0 by subtracting 50 from the RSI and then dividing by 50. This scaling adjusts the RSI to fluctuate around 0, where positive values indicate strength and negative values indicate weakness relative to the median RSI value of 50.
MACD Normalization : The MACD histogram is normalized by dividing it by the highest absolute value of the histogram over the slow length period. This adjustment scales the MACD histogram to fall between -1 and 1, making it comparable in magnitude to the normalized RSI.
Composite Score Calculation
The composite score is simply the sum of the normalized RSI and the normalized MACD histogram. This results in a combined score that reflects both momentum (from RSI) and trend (from MACD), providing a multifaceted view of market dynamics.
Visualization
The composite score is plotted as an oscillator, with a horizontal zero line that helps identify when the score shifts from positive to negative or vice versa.
The background color changes based on the trend: green if the composite score is above zero (bullish trend) and red if below zero (bearish trend).
RSI Multi Strategies With Overlay SignalsHello everyone,
In this indicator, you will find 6 different entry and exit signals based on the RSI :
Entry into overbought and oversold zones
Exit from overbought and oversold zones
Crossing the 50 level
RSI cross RSI MA below or above the 50 level
RSI cross RSI MA in the overbought or oversold zones
RSI Divergence
With the signals identified, you can create your own strategy . (If you have any suggestions, please mention them in the comments).
Beyond these signals, you can set SL (Stop Loss) and TP (Take Profit) levels to better manage your positions.
SL Methods:
Percentage: The stop loss is determined by the percentage you specify.
ATR : The stop level is determined based on the Average True Range (ATR).
TP Methods:
Percentage: The take profit is determined by the percentage you specify.
RR ( Risk Reward ): The take profit level is determined based on the distance from the stop level.
You can mix and match these options as you like.
What makes the indicator unique and effective is its ability to display the RSI in the bottom chart and the signals, SL (Stop Loss), and TP (Take Profit) levels in the overlay chart simultaneously. This feature allows you to manage your trading quickly and easily without the need for using two separate indicators.
Let's try out a few strategies together.
My entry signal: RSI Entered OS (Oversold) Zone
My exit signal: RSI Entered OB (Overbought) Zone
I'm not using a stoploss for this strategy ("Fortune favors the brave").
Let's keep ourselves safe by adding a stop loss.
I'm adding an ATR-based stop loss.
I think it's better now.
If you have any questions or suggestions about the indicator, you can contact me.
Cheers
