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

Versionshinweise

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.

Versionshinweise

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.

Versionshinweise

removed no more needed Option "Up/Down Movements: On/Off"

Versionshinweise

- PineScript 4 compatibility increased. Deprecated attribute "transp" replaced by function color.new()

Versionshinweise

Convert to PineScript5
add optional Divergence Identification (enabled by default)

Versionshinweise

Code optimization: define type "color"

Open-source Skript

Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.

Sie können dieses Script für einen schnellen Zugang auf einem Chart Ihren Favoriten hinzufügen — erfahren Sie hier mehr.

KINSKI

My published Scripts:
de.tradingview.com/u/KINSKI/

Appreciation of my work: paypal.com/paypalme/steffenhollstein

Haftungsausschluss

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