This RSI indicator shows a green or red ribbon when the smoothed RSI is bullish or bearish. It also includes a long moving average for overall trend confirmation. Wait until the ribbon holds above or below the long moving average and take positions in that direction.
To get an easier to read RSI indicator, I smoothed the RSI out and paired it next to a short term...
TASC's May 2022 edition Traders' Tipsl includes the "Relative Strength Moving Averages" article authored by Vitali Apirine. This is the code implementing the Relative Strength Exponential Moving Average (RS EMA) indicator introduced in this publication.
This indicator adds onto Vitali Apirine's work by including three different types of momentum used to...
A Multi-Timeframe Dashboard for RSI, inspired by the teachings of @bestforexmethod from Twitter.
Used it to easily find momentum, in conjuction with the other indicators like RebelAnt3CR
#3CRSquad
ReDraw script calculates the historical returns and drawdown for the given periods.
By default, the return of the linear regression trends is displayed (can be turned off in settings). In this mode, two linear regression trends are being computed for both long and short periods, and the percent value indicates the "return of the trend" for the corresponding...
I've seen several youtubers using 2 RSI's on top of one another to filter trades for their strategies. I figured I would just code it up as an all-in-one indicator for people who have the basic package. This way they have an extra slot for another indicator if they need one and also for convenience.
Longs only when RSI 1 is above RSI 2 and shorts only when...
It's a pretty simple example of a nice custom screener you can run for multiple timeframes. This is an RSI screener, but you can easily change the function for your own Indicator.
Screener displays:
Last value of the instrument
RSI value for up to 10 instruments / 4 timeframes.
In Parameters you can change:
4 timeframes
10 instruments
...
This is one of the best strategies that can be used to get familiar with technical indicators and start to include them in your trading bot rules.
ENTRY
1. This trading system uses the RSI ( Relative Strength Index ) to anticipate good points to enter positions. RSI is a technical indicator frequently used in trading. It works by measuring the speed and change...
Hello traders,
This is a pretty simple script. It gives a background directional bias color respective to RSI levels from input thresholds in the settings. Users can choose the upper and lower thresholds and the symbol that the RSI is from.
For example, by default, the upper threshold is 52 and the lower 48. If Bitcoins RSi is above 52, the background color will...
Volume Indicator for Option Trading, it is a simple indicator based on Relative Strength Index. There are two horizontal lines are mention 10 and -10, if bar crossed above the (Line 10) then go for buy and when Bar cross under (Line -10) go for sell side.
If Bar Color changed to Respective color of the previous bar i.e. color gets darker then you can exit/...
█ OVERVIEW
TASC's May 2022 edition Traders' Tips includes the "Relative Strength Moving Averages" article authored by Vitali Apirine. This is the code implementing the Relative Strength Exponential Moving Average (RS EMA) indicator introduced in this publication.
█ CONCEPTS
RS EMA is an adaptive trend-following indicator with reduced lag characteristics....
As you probably know in TradingView there is a limit of 40 instruments in one custom screener.
I created a script that will allow you to scan more symbols.
The idea of it is pretty simple. You have to add a screener a few times on your screen with a different set of symbols. Then select column width (as % of your chart width) and # of the screener right to left....
This script is meant to give you a Relative Strength indication of the stock. The goal is to use a similar calculation as used by IBD.
It calculates the performance of the current stock for the last year (most recent quarter is weighted double) and compares it to the performance of a reference index or ticker (default is "SPY").
IBD would give you a value between...
Overview:
This implementation of the RS Line mimics how Investor's Business Daily and CANSLIM investors measure growth stock performance versus the S&P 500.
If you are looking at a weekly chart, the RS Line is the performance of the stock over the past week versus the S&P 500 over that same time frame. The same logic applies to the daily and monthly charts,...
If you are desperately looking for a novel RSI, this isn't that. This is another lesser known novel species of indicator. Hot off the press, in multiple stunning color schemes, I present my version of "Relative Strength (RSMK)" employing PSv4.0, originally formulated by Markos Katsanos for TASC - March 2020 Traders Tips. This indicator is used to compare...
So my goal here was to combine all of my RSI ideas into a single indicator in order to make kind of a "Swiss Army Knife" version of the Relative Strength Index...
This indictor combines adaptive and static relative strengths and displays the strength in a unique colour coding on the bars.
With this the one can view the performance of both the relative strengths in one indicator and overlay-ed on the price chart.
Adaptive Relative Strength - Date is identified based on market scenarios. It will change based on how the...
Use this indicator to compare how security is performing in compare with preferred index (SPX by default).
> 0 outperforming
< 0 underperforming
Works best for weekly, but can be applied to monthly and daily charts. It will be rather useless to use it in smaller timeframes
Apply it to SPX, industry index, sector index or other security in similar sector
This an experiment to visualise the famous RSI indicator within a Histogram.
Opposed to regular RSI this RSI is plotted into a Histogram and uses different scales (100 to -100), in addition it has the ability to smooth the RSI with various moving averages like HMA, JMA and KAMA.
About RSI:
The RSI measures recent performance of a given stock against its own price...
![USDCAD: Adaptive, Relative Strength EMA (RSEMA) [Loxx]](https://s3.tradingview.com/n/NDKH8KHK_mid.png "Adaptive, Relative Strength EMA (RSEMA) [Loxx]")
![BTCUSDTPERP: RSI Cor Bias [Moto]](https://s3.tradingview.com/6/66kR2639_mid.png "RSI Cor Bias [Moto]")
