OPEN-SOURCE SCRIPT
Candilator RSI [AstrideUnicorn]
OVERVIEW
The name Candilator comes from blending the words "candlestick" and "oscillator". And as the name suggests, this indicator is a good old RSI plotted as a candlestick chart. To produce a candlestick chart, Candilator RSI calculates four RSI's based on the open, high, low, and close time series. It also has a candlestick patterns detection feature.
HOW TO USE
You can use Candilator RSI as a normal RSI to analyze momentum, detect overbought and oversold markets, and find the oscillator's divergences with the price. You can also get creative and apply all sorts of technical analysis to the RSI candlestick chart, including candlestick patterns analysis.
Candilator RSI can automatically scan the price for some candlestick patterns in the overbought and oversold zones. This feature can help detect price reversals early.
SETTINGS
The indicator settings are divided into two groups: Main Settings and Pattern Detection. In the Main Settings, you can find standard RSI settings. In the Pattern Detection part, you can turn on and off the automatic search for a particular candlestick pattern.
The name Candilator comes from blending the words "candlestick" and "oscillator". And as the name suggests, this indicator is a good old RSI plotted as a candlestick chart. To produce a candlestick chart, Candilator RSI calculates four RSI's based on the open, high, low, and close time series. It also has a candlestick patterns detection feature.
HOW TO USE
You can use Candilator RSI as a normal RSI to analyze momentum, detect overbought and oversold markets, and find the oscillator's divergences with the price. You can also get creative and apply all sorts of technical analysis to the RSI candlestick chart, including candlestick patterns analysis.
Candilator RSI can automatically scan the price for some candlestick patterns in the overbought and oversold zones. This feature can help detect price reversals early.
SETTINGS
The indicator settings are divided into two groups: Main Settings and Pattern Detection. In the Main Settings, you can find standard RSI settings. In the Pattern Detection part, you can turn on and off the automatic search for a particular candlestick pattern.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun das Script auch andere Trader verstehen und prüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden. Die Nutzung dieses Codes in einer Veröffentlichung wird in unseren Hausregeln reguliert. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.
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Haftungsausschluss
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