Locates divergence during trades. Best used in 2 and 4 hour chart. Need to ensure the RSI lows are getting lower.
This is previous version of + RSI Divergence + Parabolic Sar Take Profit, Stop Loss, and with ALERTS of course. Enjoy! study(title="RSI Divergence", overlay = false) src_fast = hlc3, len_fast = input(5, minval=1, title="Length Fast RSI") src_slow = hlc3, len_slow = input(15,minval=1, title="Length Slow RSI") up_fast = rma(max(change(src_fast), 0),...
This is a modification and slight finetuning of the Wavetrend Oscilator created by LazyBear. Only for Personal use.
Standard RSI with colored zones every 5 points.
This system was designed for the beginner trader to make money swing trading. Your losses will be small and your gains will be mostly large. You will show consistent profit. Period. The system works on any security you like to trade. I used GBPUSD as an example because of the up swing and down swing it had recently. I tried to put as much information of how the...
First version here Initial data: 1) RSI 2) Bollinger Bands (Basis - EMA ) 3) Dispersion (around basis) Signal for purchase: RSI crosses the dispersion zone upwards Signal for sale: RSI crosses the dispersion zone downwards Buffer zone: white area, it is not recommended to make transactions. --- Add ( 02.10.2018 ) 1) RSI lines (overbought /...
This is a predictive indicator that looks for explosions in momentum of the cycles in price and large shifts in Momentum (Fisher turns the Bimodal PDF into Guassian like) as statistically unlikely events, showing points to exit or reverse positions. You can adjust the lowpass frequency cuttoff (Aka what cycles you want to remove from the calculations through the...
This indicator fixes RSI's positive offset which causes an asymmetry, which is more visible in longer term charts. Now you can get rid of your RSI which fooled you until now. There are some nice options such as; Coloring Smoothing with optional moving average type and length Displaying the center line Determining overbought and oversold levels ...
Initial data: 1) RSI 2) Bollinger Bands (Basis - EMA) 3) Dispersion (around basis) Signal for purchase: RSI crosses the dispersion zone upwards Signal for sale: RSI crosses the dispersion zone downwards Buffer zone: white area, it is not recommended to make transactions.
Super simple script that just adds a line at the 50 level for the RSI.
The purpose of this script is to decipher chop zones from runs/movement/explosion The chop is RSI movement between 40 and 60 tight chop is RSI movement between 45 and 55. There should be an explosion after RSI breaks through 60 (long) or 40 (short). Tight chop bars are colored black, a series of black bars is tight consolidation and should explode imminently. The...
Hello all, To ease everyone's trading experience I made this script which colors RSI overbought and oversold conditions and as a bonus displays bullish or bearish divergences in last 50 candles (by default, you can change it). Script is open source, part of code is from Trading View examples. If you have suggestions or you already made some improvements, please...
The script was designed for the purpose of catching the rocket portion of a move (the edge of momentum). Long --When RSI closes over 60, take long order 1 tick above that bar. The closed bar above RSI 60 will be colored "green" or whatever color the user chooses. (RSI > 60) --On a long position, exit will be a closed bar below the ema (low, 10) . The closed...