This script combines three relative strength index (RSI) indicators with different periods, and allows the user to toggle between them to generate overbought and oversold signals. The indicator is named "Triple RSI Indicator with Toggle" and has the short title "TRSI-T." The input parameters for the RSI periods are set by the user and include a short RSI with a...
OVERVIEW: Kitchen is a strategy that aims to trade in the direction of the trend by using supertrend and stochRsi data by calculating at different time values. IMPLEMENTATION DETAILS – SETTINGS: First of all, let's understand the supertrend and stocrsi indicators. How do you read and use Super Trend for trading ? The price is often going upwards when...
Slopes are an increasingly key concept in Technical Analysis. The most basic type is to calculate them on the prices, but also on technical indicators such as moving averages and the RSI. In technical analysis, you generally use the RSI to detect imminent reversal moves within a range. In the case of the Blue indicator, we are calculating the slope of the market...
█ OVERVIEW This is a divergence indicator based on Relative Strength Index (RSI). My attempt to make this indicator updated based on latest pine script features such as type, object and method. █ FEATURES 1. Color of plot and label is based on contrast color of chart background. Able to customize color from style menu. 2. Big divergence (Regular Divergence)...
Title: Mean Reversion and Trendfollowing Introduction: This script presents a hybrid trading strategy that combines mean reversion and trend following techniques. The strategy aims to capitalize on short-term price corrections during a downtrend (mean reversion) as well as ride the momentum of a trending market (trend following). It uses a 200-period Simple...
General Description and Unique Features of this Script Introducing the Advanced VWAP Momentum-Pullback Strategy (long-only) that offers several unique features: 1. Our script/strategy utilizes Mark Minervini's Trend-Template as a qualifier for identifying stocks and other financial securities in confirmed uptrends. Mark Minervini, a 2x US Investment Champion,...
Traders always need a confirmation of momentum in price action to ride the swings. Momentum Play Indicator consists of the below: Bullish Conditions : 1)EMA 8 above EMA 34 and rising 2)Candle close above 5 candle high 3) RSI above 60 4) Volume above 5 candles avg. volume 5) ADX above 20 Bearish Conditions : 1)EMA 8 below EMA 34 and falling 2)Candle close below...
Reused some functions from (i believe made by): ©paaax: The table position function. @QuantNomad: The function calculated value and array screener for 40+ instruments . How it uses: Gives signal when the cloud is bunching with ratio smaller than the set ratio and the close price breaking out the cloud. Track 40 different symbols, on any timeframe...
Displayed on the RSI chart according to a custom timeframe. Displays the RSI tracking table of various timeframes. Identify normal divergence, hidden divergence on RSI chat. Show buy and sell signals (strong, weak) on the board. Send notifications when RSI has a buy or sell signal. ----- I reused some functions, made by (i believe that): ©paaax : The...
Target: The SumInd indicator combines Heiking Ashi, Sar Parabolic, Koncord, RSI, DMI, MACD and Bollinger Bands to give buy or sell signals or trends. This are called base indicators. The goal is to have a clear and quick buy or sell suggestion and to avoid evaluating all or some of the named indicators, especially if they give contradictory signals among them....
The OBV ( On Balance Volume ) RSI ( Relative Strength Index ) indicator is an innovative tool that combines the power of OBV and RSI to provide traders with a comprehensive view of the market's momentum and volume dynamics. This combination enables users to make better-informed trading decisions by analyzing the relationship between price, volume , and relative...
This indicator will generate a supertrend of your chosen configuration on any of the following indicators: RSI MFI Accum/Dist Momentum On Balance Volume CCI There is also a RANGE FILTER built into the scripts so that you can smooth the indicators for the supertrend. This is an optional configuration in the settings. Also, you can change the...
Does RSI Follow a Normal Distribution? The value of RSI was converted to a value between 0~2, 2~4, ..., 98~100, and the number of samples was graphed. The Z values are expressed so that the values corresponding to 30 and 70 of the RSI can be compared with the standard normal distribution. Additionally, when using the RSI period correction function of the 'RSI...
The Relative Strength Index Wave Indicator was created by Constance Brown (Technical Analysis for the Trading Professional), and this is a unique indicator that uses the weighted close formula, but instead of using the typical price values, it uses the RSI calculated from the various prices. It then creates a rainbow by smoothing the weighted RSI with four...
The Reverse Double Smoothed Relative Strength Index Bands is a custom script of mine that is another part of my RSI indicator series, which I will be publishing over the next week or so. This takes my Double Smoothed Relative Strength Index script and applies the Reverse RSI formula to create a new Bollinger Bands type indicator. This concept can work for almost...
The Reverse Relative Strength Index was created by Giorgos Siligardos (Stocks & Commodities V. 21:6 (18-30)). It is a handy indicator that reverse engineers the RSI price calculation to show what the price would have to be for the RSI value to match our chosen input. You can select your chosen RSI level using the RSI Level input for this indicator. For example if...
Someone sent me this strategy found on YouTube. It is Soheil PKO's "The Best and Most Profitable Scalping Strategy" Best way to find out is to code it =) This strategy uses Moving Average Ribbon, Laguerre RSI, and ADX. This script only displays the MA ribbon, you will need to add Laguerre RSI and ADX separately. Long Entry Criteria: - 16 EMA > 48 EMA > 200...
Today we have a new Indicator set, which I created using inspiration from the Trend Magic Indicator from KivancOzbilgic and adding several new aspects to it and a slightly modified calculation of the trend indicator itself. You can change the inputs by changing the pre set values in the settings, but I found the current settings quite accurate. Feel free to...