Editor's PicksOPEN-SOURCE SCRIPT

Delta-RSI Oscillator Strategy

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Delta-RSI Oscillator Strategy:

This strategy illustrates the use of the recently published Delta-RSI Oscillator as a stand-alone indicator.

Delta-RSI represents a smoothed time derivative of the RSI, plotted as a histogram and serving as a momentum indicator.

There are three optional conditions to generate trading signals (set separately for Buy, Sell and Exit signals):
  • Zero-crossing: bullish when D-RSI crosses zero from negative to positive values (bearish otherwise)
  • Signal Line Crossing: bullish when D-RSI crosses from below to above the signal line (bearish otherwise)
  • Direction Change: bullish when D-RSI was negative and starts ascending (bearish otherwise)

Since D-RSI oscillator is based on polynomial fitting of the RSI curve, there is also an option to filter trade signal by means of the root mean-square error of the fit (normalized by the sample average).

My original D-RSI Oscillator script can be found here:
Delta-RSI Oscillator

Versionshinweise
Added alerts conditions
Versionshinweise
minor changes that do not affect the script functionality
Versionshinweise
The look of the input window is improved by making use of new features available in TradingView, namely the possibility to arrange inputs in sections and lines.

Also, check out the much-requested version of the script that is compatible with the Strategy Tester and features several filters and risk management options:
Delta-RSI Strategy (with filters)
Versionshinweise
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Centered OscillatorsmomentumstrategyOscillatorsRelative Strength Index (RSI)

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.

Möchten Sie dieses Skript auf einem Chart verwenden?


DISCLAIMER: I am not a financial advisor, and my scripts are for educational purposes only. Any trades you make are at your own risk.

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