█ 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)...
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...
Giga Kaleidoscope GKD-C RSI of Fast Discrete Cosine Transform is a Confirmation module included in Loxx's "Giga Kaleidoscope Modularized Trading System". █ Giga Kaleidoscope Modularized Trading System What is Loxx's "Giga Kaleidoscope Modularized Trading System"? The Giga Kaleidoscope Modularized Trading System is a trading system built on the philosophy of...
This script show the Relative strength of the script vs selected Industry. Simply us the Compare Index drop down list to select the Industry you want to compare your symbol with and it will plot a line chart. The index of the industries have been created based on the highest to lowest Market Cap of the first 10 companies from that industry. You also have...
█ OVERVIEW This script will help you track multiple indicator divergences in an easy, clean, and very visible way. Currently supported indicators at the time of script publishing are the Relative strength index (RSI) and On balance volume (OBV). If you have suggestions on which other popular indicators to add, leave them in the comments or message me...
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...
What does this indicator do? In short, this indicator looks for patterns using Relative Directional Strength and plots potential Reversal Areas on the chart. Candlesticks are shaded by a Gradient. This gradient is based on whether or not the market is currently experiencing a positive or negative sentiment. In the screenshot below you can see that the market is...
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...
This indicator was created primarily as an experiment. While the supertrend can be powerful, in many cases, the trend has already started before the time it's identified, resulting in a price decrease. After conducting my own research, I discovered that the reversal point is often more nearby during the downtrend, rather than at the beginning of the uptrend....
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...
FSS Multi-Coin Screener is built so that the user can scan the target timeframe quickly to see on which coins FSS Buy or Sell signals have shown up in the last closed candle or is currently printing on the real-time candle. As opposed to the FSS Indicator MTF Screener which scans multiple timeframes. This saves both the time and effort of having to browse through...
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...
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...