RSI Linear Regression with ZigZag by zdmreBoth the RSI (Relative Strength Index) and the Linear Regression ( LR ) rank among the most popular momentum indicators used in trading. When used in combination with other technical indicators (ZigZag), both RSI, LR and ZigZag can offer value in validating trade opportunities to optimize your risk management practices.
Here’s a look at how to use RSI, LR and ZigZag (Can be used for divergence patterns.) as part of your trade analysis.
If you have new ideas to improve this indicator then let me know please.
***Use it at your own risk
Cerca negli script per "rsi"
'RSI Ultra' Fully Customizable Relative Strength Index MTF [DM]Greetings Colleagues
Today, I share the classic RSI.
As in the last indicator (moving average oscillator by ) I try to show you how you can take advantage of any indicator to infinity.
For now I let you experiment with the "2" RSIs and their histograms to measure divergence.
The 1st and 2nd RSI are fully customizable together or separately. Length, source, time frame, colors.
Horizontal control levels such as RSIs are fully customizable.
In the next update "tomorrow I will possibly add some details"
I hope their brains don't explode, tomorrow more.
RSI Stoch MACD EMARibbon (by WJ)Combination of RSI, Stochastic and MACD signals filtered by EMA Ribbon direction.
Long when:
RSI > 50
Stochastic crossover upwards k > d and k < 50
MACD crossover upwards
EMA fast > slow
Short when:
RSI < 50
Stochastic crossover downwards k < d and k > 50
MACD crossover downwards
EMA fast < slow
Make sure Stochastic has recently done a crossover from respective overbought/oversold zones.
RSI by RifeHighly configurable interface that aims to improve usability of RSI by:
Highlighting when RSI is overbought or oversold (red)
Highlighting when RSI crosses midline (50, blue)
Highlighting mid area's background (45-55)
Highlighting overbought and oversold area backgrounds (>70, <30)
Ability to plot midline (in addition to oversold and overbought lines)
RSI StrictThis RSI stragety combine RSI with candle stick patterns to give entry signal.
When RSI is over bought or over sold. A long price tail signals a trend reversal in short term period.
RSI Candle Bar with Inside BarThis Indicator is RSI convert into Candle Bar with Inside Bar Candle
How to use :
Do Some setting
RSI Overbought - 60 It will shows in Blue Candle Bar means Bullish Signal
RSI Oversold - 40 It will shows in Yellow Candle Bar means Bearish Signal
Inside Bar Candle -
Gray or Black Bar --- Which is Shows that Trend may be Reverse or Big Move may be come.
Colors you can be change according to your convenience.
RSI CrissCrossSauce v1.1A different way to look at RSI crossing its own MA. Using a fixed and variable RSI fully adjustable time frame resolutions, , seven different adjustable moving average calculations and alerts for RSI/MA crosses. Divergences coupled with a cross of the MA appear to be extra powerful, also rejecting the MA along the bullish/bearish control zones also provides and interesting edge. Please let me know your thoughts.
RSI With Optional Average @RknOur old fellow RSI , but with an average (Select among SMA, EMA or WMA) line in this version. When RSI crosses its average or the center (50) line it may be considered as a Buy and/or Sell signal.
Just coded for learning purposes. Anyone who think that an average line would be good on RSI is welcomed.
RSI Averages BandThis indicator shows a band of EMAs of the RSI(14). The timeframe for the indicator here is hourly on a 10m chart, a shorter timeframe will produce a choppier band of averages that will resemble the actual RSI at this timeframe more closely.
The averages are coloured according to whether they are higher or lower than the preceding value for that moving average.
The blue RSI line travelling OUTSIDE the band of averages will tend to show higher price momentum, while rejection of an entry/exit into the band can be a strong signal of continuation/reversal as appropriate.
Happy Trading :)
RSI-Last-3-ExtremaThis script indicates when the current Relative Strength Index of the last 8 closes is beyond a level from center oscillation which signals the equity is likely to reverse course. When it is the lowest RSI reading of the prior 3 readings and below 25, a green vertical bar will appear signaling a potential BUY point. Likewise, the highest reading of the prior 3 RSI readings and above 75 will signal a vertical red bar or SELL signal. The bar has to have a final close price for the signal to be active. Reversal could take a few more bars to occur depending on the timeframe and equity symbol.
You will be able to find many charts that have this signal perfectly finding the top or bottom of a significant trend.
It successfully indicates profitable reversal around 80% of the time. So far, It is 85% accurate or better in determining downtrend start points on the Daily, 120, 60, 30 Minute charts according to the study of more than 10,000 occurrences. It is 86% accurate on the 30 Minute chart.
This is another tool I use in finding or confirming potential price action. Hope you find it useful.
To add this, favorite the script by clicking "Add to your Favorite Indicators" at the top of the code portion below. On your top tool bar is an "fx" button with a downward arrow to the right of it. Click on the downward arrow/caret and scroll down to "RSI-Last-3-Extrema". Click on this title and it should add to the bottom of your current chart. If you do not see BUY (green vertical bars) or SELL (red vertical bars) right away, try other charts and timeframes.
RSI MTF thresholds with auto adjustmentThe RSI MTF thresholds panel allows for identification of strong trends across multiple timeframes with automatic adjustment for different timeframes by utilising multiples of the chosen resolution. A specific timeframe can be used by entering its multiple in the corresponding Resmult() box.
The panel shows the current timeframe as well as 4 additional timeframes, displaying whether the RSI level is above a high threshold or below a low threshold.
A green or red indication on all timeframes is a strong indication of a trend that has some staying power on the timeframe under examination.
Markets that are ranging with no identifiable trend will show blank spaces.
Failure of the trend to "climb up" the panel shows a weak trend, while repeated signals in the same direction is a strong indication of a trend forming as the RSI level is prevented from cycling to the opposing extreme.
High probability continuations can be identified by a brief loss of signal at the lowest level of the panel only (corresponding to the current timeframe).
Setting the thresholds higher towards the overbought/oversold regions will identify levels that are oversold on multiple timeframes.
Happy to take suggestions or attempt to modify if there is interest.
RSI + Kijun/Standard Deviation on RSIThe script is inspired by Bollinger bands but instead of applying them on the price, they are applied on a RSI oscillator. The standard deviation is not plotted against the average like in normal BBs but instead is based on median values (equivalent of a Kijun in Ichimoku ). The goal is to better identify excess in prices that offer good entering points. The usage of a median provides a clearer view of ranging market (ie. the line will be flat).
I use it for long-term investments on stocks to find "fair" entry points. After picking a list of stocks of interest based on fundamentals, I switch to a weekly view. If the stock RSI is under the bands, it indicates that we are in favorable conditions for a buy. For an accurate timing, you can switch to the daily chart and watch out for either a break or a reintegration in the bands. This is your signal.
RSI/RSX Divergance on chart [Anan]This script points Regular/Hidden Bull/Bear RSI/RSX divergences on the chart.
Options:
-RSI/RSX source
-RSI/RSX length
-Show/hide Regular/hidden Bull/Bear divergences
Multi-RSI Trend IndicatorRSI 14 crosses up over RSI 250 when RSI 250 > 50 indicates a strong and high probability uptrend or reversal. Can be further confirmed by MACD Golden Cross.
RSI and market strength with alerts By combining the true strength of the Nasdaq (NDX) and S&P500 ( SPY ) we can then compare that against the volatility /fear index ( VIX ). The true strength of the Volatility Index ( VIX ) is shown by the red area and the Nasdaq (NDX) and S&P500 ( SPY ) by the silver /teal areas.
The yellow EMA area shows the average difference between the VIX and the NDX/ SPY indexes. When the yellow area crosses above the zero line and is climbing it means that the NDX/ SPY are strengthening. When the yellow area is decreasing or crosses under the zero line it means the fear/volatility index ( VIX ) is becoming stronger and NDX/ SPY are weakening. The RSI is overlaid as a white line to show the correlation of the instrument strength compared to the market.
When looking at charts of companies/components listed on the Nasdaq and/or S&P 500 you will notice a frequent correlation between the movement of the yellow area depicting index health and the RSI of the chart you are viewing. It’s a very quick and effective method of seeing the strength and fear within the market indexes and how they are effecting your chart.
The background color changes when the market strength combined with the active symbol RSI and higher timeframe MACD signals are aligned. Green is a buy zone, Red is a sell zone.
There are also red and green indicator x’s at the top/bottom of the indicator. They show a drastic change in Relative strength within a short period. This often indicates a buy or sell opportunity.
It is tested and works well on all timeframes with Stocks listed on NASDAQ & S&P500 .
Buy, Sell, Exit Buy and Exit Sell alerts are included.
There are also red and green indicator x’s at the top/bottom of the indicator. They show a drastic change in Relative strength within a short period. This often indicates a buy or sell opportunity.
RSI Double MTFCool little gudget of Multi time frame RSI with additional RSI. Both can be set to a different time frames.
Higher time frame (Second RSI) indicates the main trend by different colors - 'red' (down trend) and 'green' (up trend), where the first RSI can act as a normal RSI.
Suggestions/Questions or a thanks below :)
Follow for more updates and new indicators follow: www.tradingview.com
RSI week/month level on daily Time frame- You can analyse the trend strength on daily time frame by looking of weekly and monthly is greater than 60.
- Divergence code is taken from tradingview's Divergence Indicator code.
#Strategy 1 : BUY ON DIPS
- This will help in identifying bullish zone of the price when RSI on DAILY, WEEKLY and Monthly is >60
-Take a trade when monthly and weekly rsi is >60 but daily RSI is less thaN 40.
RSI Cross for BTC DominanceIn order to get stable alt-coin investments, the BTC dominance (BTC.D) is of parmaount importance.
With this script, I plotted both RSI (28) and the EMA (9).
Whenever the RSI is decreasing and is below EMA, alt-coins are more likely thrive.
Viceversa, when the RSI is mounting the is at least 10% above the EMA, BTC is growing in dominance.
RSI + MFI - Crypto Bull and Bear market A fancy styled version of the RSI (Relative Stochastic Index) + MFI (Money Flow Index) oscillators in order to emphasize buy and sell opportunities.
The 80 and 20 Bands are meant to be used in Bull or Bear markets. Better performing in D timeframes.
The circles represent the cross between RSI and MFI .
Designed for Crypto Markets
Thanks @micheleprandina
Credits:
RSI-ChartBarsFibo75-25This chart will help you plot on following condition
Source:
1. RSI Subtraction between two series
2. Historic Volatility (HV)
The conditions are:
1. RSI sub should cross over 0 (any direction)
2. EV should be high for last 5 values
3. If RSI Sub is above 0 - the direction of trade is Long (flag Green), if its below 0 - the direction of trade is short (flag red)
RSI & Volume Coloured BarsCandles get darker when volume is high, and brighter when volume is low. They are red or green depending on whether the RSI is above or below a threshold value, or alternatively you can pick a more vanilla coloring based on current close vs last close or last open.
For personal use as I enjoy the aesthetics of it. The more solid RSI coloring helps highlight the brightness variations from changing volume and makes trends crystal clear.
Inspired by "Volume Based Coloured Bars" by KivancOzbilgic:
and by and by RSI bars chart by taskman9:
RSI 50 BackgroundThe script changes the background depending on the RSI 14 values. If RSI 14 values is above 50 the background is green and if RSI value is below 50, the background will be red.
RSI Divergence (Pine v4)Summary
Script highlights the divergences in RSI worth taking notice of. By comparing current envionment to relative sample we can see more than
the standard divergences that many catch through analysis. This framework aims to remove the bias or noise many see when looking for any supporting
evidence to their given emotion on a market.
Step-by-Step Walkthrough
Calculates RSI
Sets Divergence Framework
-------> a. Defining variable values, mandatory in Pine 4)
-------> b. Identify Divergences --> "If bar with lowest / highest is current bar, use it's value"
Compare high of current bar being examined with previous bar's high --> "If curr bar high is higher than the max bar high in the lookback window range"
Finds pivot point with at least 2 right candles with lower value
Finds pivot point with at least 2 right candles with lower value
Plot
Set Alerts
This RSI Script is intended for public use and can be shared / implemented as needed
Questions? I do not monitor my TradingView inbox. See email address in signature at the bottom of this page for contact information.