KINSKI

KINSKI RSI Short/Long

Extends the display of the Relative Strength Index ( RSI ) by shorts and longs from Bitmex and shows them as a diagram.

How to interpret the display?
- blue line is the default Relative Strength Index
- red line means "oversold
- green line "overbought"
- grey dotted line up/down indicates the optimal range for up and down movements 30 to 70
- in general, the reaching or crossing of the thresholds in the direction of the mid-range is seen as a possible buy or sell signal
- RSI values (blue line) of over 70 percent are considered "overbought", values below 30 percent "oversold

Which settings can be made?
- Selection for the "Currency". Default value is "BTCUSD". Currently only the following currencies are supported "BTCUSD", "ETHUSD", "ETCUSD", "OMGUSD", "XLMUSD", "XTZUSD".
- Selection for calculation formula ("Calculation"). The default value is "hlc3".
- Field for the moving average value ("RSI Length"). The default value is 14, but values of 7, 9 or 25 are also common. The shorter the period under consideration, the more volatile the indicator is, but with longer periods, fewer signals are triggered.
- furthermore you can make layout adjustments via the "Style" menu
Notas de prensa:
  • extend the supported currencies: "BTCUSD", "ETHUSD", "ETCUSD", "EOSUSD", "IOTUSD", "LTCUSD", "OMGUSD", "XRPUSD", "XMRUSD", "XLMUSD", "XTZUSD", "ZECUSD"
  • changed the styling for Overbought and Oversold lines

Hint
the description text for red and green line is wrong. here now the correct description:
- red line indicates the number of SHORTS. Line up/down means many/less.
- green line indicates the number of LONGS. Line up/down means many/less.
Notas de prensa:
  • Display optimized for RSI line. Overbought zone (shows a possible sell-signal) is shown in red. Oversold zone (shows a possible buy signal) is displayed in green.
Notas de prensa:
  • removed no more needed Option "Up/Down Movements: On/Off"
Notas de prensa: - PineScript 4 compatibility increased. Deprecated attribute "transp" replaced by function color.new()
Script de código abierto

Siguiendo el verdadero espíritu de TradingView, el autor de este script lo ha publicado en código abierto, para que los traders puedan entenderlo y verificarlo. ¡Un hurra por el autor! Puede utilizarlo de forma gratuita, aunque si vuelve a utilizar este código en una publicación, debe cumplir con lo establecido en las Normas internas. Puede añadir este script a sus favoritos y usarlo en un gráfico.

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