Neat little RSI oversold and overbought markers above and below the bars. Helps visually identify whether the indicator is in overbought or oversold conditions.
Lines "Total Up Impulses" and "Total Down Impulses" are the sum of impulses in the last n periods (Length).
line 1 => "Total Up Impulses": the sum of up impulses.
line 2 => "Total Down Impulses": the sum of down impulses.
When line 1 crosses up line 2, it indicates an uptrend is comming out.
When line 1 crosses down line 2, it indicates a downtrend is comming out.
This indicator shows a histogram of the RSI in relation to an ema of the RSI.
The histogram is then smoothed to give early reversal/entry signals.
The actual RSI line with oversold/overbought indication can be displayed or omitted, as preferred.
In addiction to the RSI line or as an alternative to it, the background colour can be set to change folowing the RSI...
A simple indicator displaying RSI and STOCHASTIC RSI combined in the one indicator. This indicator also changes the bar colour to yellow when it meets the overbrought conditions of both the RSI and the STOCH RSI and changes the bar colour to black when it meets the oversold conditions of both the RSI and STOCH RSI. The values of these conditions are set as the...
This RSI indicator has a Bollinger Bands indicator around it, and a simple moving average.
I still haven't decided yet if the Bollinger Bands should be at 20 (like normal) or at 14 (like the RSI).
Experiment with it and have fun :)
**Minor Fix: Colored when going up, AND down after the limit: 30 or 70.**
This is a Relative Strenght Index Indicator where you get a Colorful Mark when it's over bought / sold with it's respective color.
Strong indicator for starting a slow/correction movement.
If it goes over 70, it's overbought turning red indicating a possible Sell.
If it goes under...
