TradingView
mortdiggiddy
15 de Mar. de 2017 14:38

RSI Shaded 

AMEX:IWM15
iShares Russell 2000 ETFArca

Descripción

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Shades overbought and oversold RSI levels.

Notas de prensa

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Added bullish and bearish divergences with alerts. Shapes plotted on the indicator for them.

Notas de prensa

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Added and improved shading mechanism for better visuals.

Notas de prensa

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Added shading for RSI and EMA. Removed volume based dominant trend (useless).

Notas de prensa

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Added histogram styled option. Updated to version 3.
Donchian Channels (DC)Relative Strength Index (RSI)rsi2
Comentarios
mortdiggiddy
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Based on Larry Connors book, amazon.com/Short-Term-Trading-Strategies-That/dp/0981923909

The default settings are for the 2 Period RSI, with 3 Period SMA smoothing. The oversold level is 15, and overbought 85. Cheers.
ZinhoSte
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really awesome indicator! are the sell and buy signals on rsi repainted?
mortdiggiddy
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@ZinhoSte, there are no signals, and nothing repaints...
ZinhoSte
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@mortdiggiddy, thanks! I meant the divergences :D
stockspy
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@mortdiggiddy this is awesome, thank you for making. I couldn't believe I didn't see this already made like year ago. Looks awesome. If I set normal length to 14 (like the standard RSI), do you suggest cumulative length to be 15 or is it 1.5x so 21?
mortdiggiddy
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@stockspy, Cumulative length is just an SMA of the RSI. It's only good for using the Larry Connor's book suggestion of 2-RSI with 3-SMA.

- "Show Cumulative RSI" will apply the RSI smoothing to the RSI.
- "Show EMA of RSI" simply applies an EMA to the RSI itself.

Normal 14-RSI I would suggest unchecking the box "Show Cumulative RSI".
stockspy
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@mortdiggiddy, Thanks. This is an awesome upgraded version of the RSI indicator. Looks super clean and nice. Thanks again.
tkrivickas
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noticed when you there mentioned your indicator on forum. Checked it and liked it :) Great work. Now trying to analyze and make some orders with it. Looking during history - it is amazing. Thanks a lot...
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