Auf geht's

Relative Strength Index (RSI)

Max The Minner: RSI Bands with Min/Max [by Oberlunar]This Pine Script, titled "Max The Minner: RSI Bands with Min/Max " is a technical indicator designed to visualize RSI-based dynamic bands with local minimum and maximum levels on a chosen timeframe. The script incorporates user-configurable parameters for RSI thresholds, resolution, and color settings, providing traders with a highly customizable tool for analyzing price behavior in relation to overbought and oversold conditions. Core Functionality The script begins by calculating the RSI (Relative Strength Index) using user-defined inputs for overbought and oversold levels, the RSI length, and the resolution (default set to daily). The RSI is computed through an exponential moving average (EMA) approach that smooths the upward and downward price movements, creating adaptive upper (ub) and lower (lb) bands based on the overbought and oversold thresholds. These bands are then dynamically adjusted based on the current price (src) and the EMA calculations. The upper band (ub) represents a potential resistance zone aligned with the RSI overbought level, while the lower band (lb) represents a support zone aligned with the RSI oversold level. The script employs additional calculations to ensure the adaptive nature of these bands, depending on whether the RSI is pushing higher or lower relative to its thresholds. Local Minima and Maxima A key feature of the indicator is its ability to track and update local minima and maxima based on the chosen timeframe. The script uses a buffer system that refreshes these levels every three bars to smooth out noise and avoid excessive sensitivity to short-term fluctuations. These local extrema (localMin and localMax) are retrieved from the lower and upper prices of the selected timeframe and act as dynamic benchmarks for evaluating the RSI bands. Conditional Logic The script includes conditional logic to determine when the RSI bands intersect with or approach the local maxima or minima. For example: The upper band (ub) is plotted only if it is below the local maximum, suggesting that price may encounter resistance. Similarly, the lower band (lb) is plotted only if it is above the local minimum, indicating potential support. This logic ensures that the bands are contextually relevant to the prevailing market structure, rather than being static overlays. Visualization The RSI bands and local extrema are plotted on the chart using color-coded lines, with transparency adjustable through user inputs. The upper band and local maximum are linked with a fill area, visually representing the resistance zone. Similarly, the lower band and local minimum are filled to highlight the support zone. These fills provide a clear depiction of price boundaries, making it easier for traders to spot key levels. Additionally, the script marks breakout conditions. If the price exceeds the local maximum, a label is plotted at the breakout point with a distinctive style and color. Similarly, a breakout below the local minimum is labeled, providing a visual cue for significant price movements. Customization The script offers extensive customization options for both functionality and appearance: Users can define the overbought and oversold levels for RSI, along with the RSI length and the resolution (timeframe). Colors for the upper and lower bands, along with transparency (alpha) levels, can be adjusted, allowing for seamless integration with different chart styles. The periodicity of the local minima and maxima updates is hardcoded to three bars but could be further parameterized for greater flexibility. This indicator is particularly useful for traders who rely on RSI-based strategies and need a dynamic representation of overbought and oversold conditions in conjunction with local price extremes. By combining RSI bands with the context provided by local minima and maxima, it allows traders to: Identify potential support and resistance levels. Visualize price behavior relative to RSI thresholds. Spot breakout opportunities when price exceeds predefined levels.
Pine Script™ Indikator
von oberlunar_tr
Dual Spectrum RSI [CHE]Dual Spectrum RSI Indicator Introduction The Dual Spectrum RSI Indicator is an innovative and robust tool designed for traders aiming to enhance their market analysis and trading precision. This script leverages multi-timeframe analysis, advanced RSI configurations, and customizable visualization options to provide actionable insights for both trend-following and contrarian strategies. Key Features 1. Dynamic Timeframe Selection - Automatically adapts the resolution based on the current chart's timeframe. - Options to switch between Auto Timeframe, Multiplier-based Timeframe, or Manual Resolution for complete control. 2. Advanced RSI Calculations - Dual RSI setup for multi-layered analysis: - Primary RSI for trend identification on the higher timeframe (HTF). - Secondary RSI for entry signals with oversold/overbought crossovers on the current chart timeframe. 3. EMA Integration on Higher Timeframe (HTF) - The Exponential Moving Average (EMA) acts as a robust trend filter, calculated on the Higher Timeframe (HTF). - This ensures that trade signals align with the broader market trend, providing a strategic edge and reducing noise from lower timeframes. 4. Signal Clarity - Visual labels for Buy and Sell signals directly on the chart. - Dynamic stop-loss suggestions that adjust based on EMA crossovers and trend changes. 5. Customizable Visualization - Gradient fills for overbought/oversold zones provide intuitive visual cues. - User-friendly inputs for adjusting separator lines, color schemes, and label styles. 6. Comprehensive Data Display - Real-time updates in an Info Box, showing active timeframe settings and resolution. - Easy-to-understand trend conditions, making it accessible for both novice and professional traders. Benefits for Traders 1. Precision in Decision-Making The multi-timeframe capability ensures that traders always have the broader market context, minimizing false signals and enhancing trade accuracy. 2. Flexibility and Customization Fully adjustable parameters allow traders to tailor the indicator to their unique trading style, whether scalping, day trading, or swing trading. 3. Enhanced Market Insights By combining HTF trend filters, RSI dynamics, and EMA thresholds, this indicator provides a holistic view of market conditions. 4. User-Friendly Interface The clean layout and intuitive options make it easy to integrate this tool into any TradingView setup. 5. Increased Confidence in Trades With visual aids such as labels, gradients, and a trend-detection mechanism, traders can make decisions with greater confidence and less emotional bias. Example Use Cases 1. Trend-Following Strategy - Utilize the HTF EMA filter to confirm bullish or bearish trends. - Enter trades when the secondary RSI crosses oversold/overbought levels in the direction of the trend. 2. Reversal Strategy - Identify overextended trends using RSI crossovers. - Look for counter-trend opportunities with precise stop-loss placements. 3. Scalping Setup - Switch to intraday timeframes and use the multiplier-based resolution to capture short-term market movements. How to Use 1. Add the script to your TradingView chart by pasting the provided Pine Script code into the Pine Editor. 2. Adjust the Timeframe Type, RSI parameters, and EMA length to align with your trading goals. 3. Monitor the generated signals and use them in conjunction with your broader trading strategy. Disclaimer The content provided, including all code and materials, is strictly for educational and informational purposes only. It is not intended as, and should not be interpreted as, financial advice, a recommendation to buy or sell any financial instrument, or an offer of any financial product or service. All strategies, tools, and examples discussed are provided for illustrative purposes to demonstrate coding techniques and the functionality of Pine Script within a trading context. Any results from strategies or tools provided are hypothetical, and past performance is not indicative of future results. Trading and investing involve high risk, including the potential loss of principal, and may not be suitable for all individuals. Before making any trading decisions, please consult with a qualified financial professional to understand the risks involved. By using this script, you acknowledge and agree that any trading decisions are made solely at your discretion and risk. Conclusion The Dual Spectrum RSI Indicator is not just another technical tool—it's a comprehensive trading companion that adapts to your needs, simplifies market analysis, and boosts your trading performance. Whether you're a beginner or a seasoned trader, this indicator provides the edge you need to succeed in today's dynamic markets. Try It Today! Experience the power of multi-timeframe analysis and take your trading to the next level. Add the Dual Spectrum RSI Indicator to your TradingView arsenal now! Best regards Chervolino
Pine Script™ Indikator
von chervolino
Stochastics Oscillator with Buy/Sell Indicator [iSTAGs]iSTAGs "Stochastics Oscillator" with Buy/Sell Indicator Overview The Stochastics Oscillator is a versatile trading indicator designed to provide comprehensive insights into market momentum and potential price reversals. With its multi-layered approach, it incorporates a blend of oscillators, smoothed averages, and relative strength measures to deliver actionable trading signals. Disclaimer This indicator is provided for study purposes only . While it may assist in identifying potential buy and sell opportunities, please note: 1. False Signals: The buy/sell indicators may generate false signals. Always validate signals using additional analysis or tools. 2. Trading Strategies: Use appropriate exit points and stop-loss levels as part of your overall trading strategy. 3. No Guarantees: Do not rely solely on this indicator for trading decisions. Market conditions may change, and no indicator guarantees accurate results. 4. Strategy Testing: The strategy associated with this indicator is not tested, and backtesting features are not available at this time. Key Features 1. Stochastics Oscillator • Combines the smoothed ranges of price movement to identify overbought and oversold conditions. • Inbuilt signal lines helps pinpoint potential crossovers for trend reversals. 2. Zones Highlighting • Clearly visualized zones for: o Overbought (70–100): Caution for potential reversals. o Bullish (0–40): Positive momentum. o Bearish (0 to -40): Negative momentum. o Oversold (-70 to -100): Potential buying opportunities. 3. Buy and Sell Signals • Primary Buy/Sell Indicator: Highlighted directly on the chart for ease of use. • Potential Buy/Sell Signals: Secondary indicators based on advanced crossover conditions that can generate early signals. 4. RSI Integration • Realtime RSI value display for an additional layer of confirmation. • Color-coded RSI values to easily interpret market strength: o Red: Overbought (>80) o Orange: Strong momentum (70–80) o White: Neutral (30–70) o Blue: Weak momentum (20–30) o Green: Oversold (<20) 5. Limited Customizable Visuals o Clean and color-coded plots and fills make it intuitive to identify trends and trading opportunities at a glance. How to Use 1. Trading Signals: • Use buy/sell shapes and flags for identifying potential entry and exit points. • Combine primary buy/sell indicator and secondary buy/sell signals for higher confidence. 2. Trend Confirmation: • Monitor the oscillator and signal crossovers alongside zone fills to gauge market direction. 3. RSI Analysis: • Keep an eye on the RSI value and its color coding for confirmation of overbought or oversold conditions. Settings • Enable/Disable Features: Customize the visibility of Buy/Sell indicators, Potential Signals, and RSI display. • Editable Zones: Adjust zone colors and ranges to suit your trading strategy. Conclusion The Stochastics Oscillator is a powerful tool for traders seeking to enhance their technical analysis. Its layered approach provides clarity, precision, and adaptability for a wide range of trading strategies, whether you're a scalper, swing trader, or long-term investor. ________________________________________ Developed by iSTAGs ________________________________________ Happy Trading! 🎯
Pine Script™ Indikator
von iSTAGs
Stock Scanner - 38 AssetsPullback Scanner and Trading Strategy: The Scanner's Purpose: This tool helps identify stocks and futures from a set-list that are in a strong uptrend (above 200 SMA) but experiencing a temporary pullback (RSI below 38), creating potential buying opportunities. Load 38 Favourite Stocks. They need to be bullish ie: Trading usually above 200 SMA. A drop down switch lets you choose which group. You can find suitable stocks using the filter at FINVIZ: use on 4hr Timeframes and Above You must use this on at least the 4hr timeframe, otherwise the 200SMA is not truly placed correctly and a valid trade depends upon the price action being ABOVE the 200SMA. finviz.com Key Components: 200 Simple Moving Average (SMA) Acts as a trend filter Price above 200 SMA indicates a long-term uptrend Helps avoid trading against the main trend Relative Strength Index (RSI) Set to 38 as the oversold threshold Identifies temporary weakness in strong trends Acts as the pullback confirmation. You could add an RSI indicator to the chart for monitoring. Visual Signals: Green row: Indicates both conditions are met (price > 200 SMA and RSI < 38) Yellow triangle: Appears at price bottom when RSI drops below 38 Yellow 200 SMA line: Shows the trend direction and potential support Trade Setup: First Requirement: Price must be trading above the 200 SMA Second Requirement: Wait for RSI to drop below 38 Entry Trigger: When both conditions align (row turns green) Risk Management: Set stop loss below recent swing low Exit: When RSI moves above 53 or price crosses below 200 SMA The scanner monitors multiple instruments simultaneously, allowing traders to identify setups across different markets without manually checking each chart. When a row turns green, that instrument deserves closer attention for potential trade setup. Example Trade: Looking at the chart of Apple (AAPL), the yellow triangles show where RSI dropped below 38 while price remained above the rising 200 SMA, providing multiple long entry opportunities in an established uptrend. Actually Apple may be better with RSI below 26. If you use ctrader, I have made a cbot version of this to automatically take trades on the ctrader platform: eg: XAUUSD i.postimg.cc
Pine Script™ Indikator
von Halginate
GocchiMulti-Indicator: RSI & Moving Averages This versatile TradingView indicator combines two essential tools for technical analysis—Relative Strength Index (RSI) and Moving Averages (MAs)—into one comprehensive solution. It is designed for traders seeking flexibility, customization, and efficiency in their charting experience. Features: Relative Strength Index (RSI): Customizable RSI length. Adjustable overbought and oversold levels. Selectable source input (e.g., close, open, high, low). Visual levels for overbought and oversold zones, aiding in quick trend and momentum identification. Three Moving Averages: Three independently customizable moving averages. Options for Simple Moving Average (SMA) or Exponential Moving Average (EMA) for each line. Adjustable lengths for short-, medium-, and long-term trend tracking. Visual Enhancements: Clear, color-coded plots for RSI and each moving average. Overbought and oversold zones are highlighted with horizontal dotted lines. Alerts: Get notified when RSI crosses above the overbought level or below the oversold level. Alerts help traders stay on top of potential market reversals or breakout opportunities. Use Cases: RSI Analysis: Spot overbought or oversold conditions to identify potential reversals. Trend Following: Use moving averages to confirm trends or identify crossovers for potential entry and exit points. Custom Strategies: Tailor the settings to fit specific trading styles, such as scalping, swing trading, or long-term investing. This all-in-one indicator streamlines your analysis by reducing the need for multiple overlays, making your charts cleaner and more actionable. Whether you're a novice or an experienced trader, this tool provides the flexibility and insights you need to succeed in any market condition.
Pine Script™ Indikator
von maninder9
Liquitive Buy/Sell Dollar AveragerLiquitive Buy/Sell Dollar Averager Indicator The "Liquitive Buy/Sell Dollar Averager" is a versatile trading tool designed for intraday and multi-timeframe analysis, combining advanced range-bound calculations, RSI normalization, volume spikes, and candle pattern recognition to identify optimal buy and sell conditions. This indicator is particularly suitable for traders employing strategies that focus on dollar-cost averaging, position scaling, and systematic buy/sell decision-making. Key Features: Adaptive RSI-Based Levels: Dynamically calculates inner bounds (IB) and outer bounds (OB) using RSI and price ranges, helping to identify overbought and oversold conditions relative to the price action. Normalizes RSI values to the price range for seamless visualization overlaid on the chart. Volume and Candle Analysis: Detects significant volume spikes relative to a moving average, signaling increased market activity. Identifies spiking green/red candles to capture momentum-driven price movements. Dynamic Support and Resistance: Calculates and plots support and resistance levels based on recent swing highs and lows. Median and boundary lines help visualize key price levels for decision-making. Profitability Check: Buy and Sell Signals: Checks profitability thresholds based on percentage gains/losses. Incorporates logic for "time to buy" and "time to sell" using target profit margins. Implements average move percentage to define realistic thresholds for buy/sell actions. Time-Based Trading Restrictions: Configures trading logic to disallow trades after a specific time (e.g., 3:40 PM for intraday sessions). Ensures logical entry and exit decisions are only made within active trading hours. Color-Coded Visualization: Background colors dynamically shift between green (bullish), red (bearish), and neutral, depending on RSI and price position relative to the inner bounds. Opacity of the background adjusts based on normalized RSI differences to provide a visual cue of market strength. Customizable Parameters: Allows user input for key settings like lookback periods, RSI length, percent ranges, volume thresholds, and transparency levels, enabling flexible configuration tailored to individual strategies. Actionable Alerts and Signals: Plots "Open Position", "Add to Position", and "Close Position" markers directly on the chart, making it easy to follow systematic trading rules. How It Works: Buy Signals: Triggered when price conditions, volume spikes, and RSI-based thresholds align with profitability metrics. Designed for dollar-cost averaging, identifying opportunities to add to long positions or open new positions. Sell Signals: Evaluates profitability conditions to identify when to close or scale out of positions. Incorporates real-time evaluation of market momentum and profitability.
Pine Script™ Indikator
von vdarevsk
HMA Buy Sell Signals - Profit ManagerNote : Settings should be adjusted according to the selected time frame. Try to find the best setting according to the profitability rate Overall Functionality This script combines several trading tools to create a comprehensive system for trend analysis, trade execution, and performance tracking. Users can identify market trends using specific moving averages and RSI indicators while managing profit and loss levels automatically. Trend Detection and Trade Signals Hull Moving Averages (HMA): Two HMAs (a faster one and a slower one) are used to determine the market trend. A buy signal is generated when the faster HMA crosses above the slower HMA. Conversely, a sell signal is triggered when the faster HMA crosses below the slower one. Visual Feedback: Trend lines on the chart change color to reflect the trend direction (e.g., green for upward trends and red for downward trends). Trade Levels and Management Entry, Take-Profit, and Stop-Loss Levels: When the trend shifts upwards, the script calculates entry, take-profit, and stop-loss levels based on the opening price. Similarly, for downward trends, these levels are determined for short trades. Commission Tracking: Each trade includes a commission cost, which is factored into net profit and loss calculations. Dynamic Labels: Entry, take-profit, and stop-loss levels are visually marked on the chart for easier tracking. Performance Tracking Profit and Loss Tracking: The script keeps a running total of profits, losses, and commissions for both long and short trades. It also calculates the net profit after all costs are considered. Performance Table: A table is displayed on the chart summarizing: The number of trades. Total profit and loss for long and short positions. Commission costs. Net profit. Fractal Support and Resistance Dynamic Lines: The script identifies the most recent significant highs and lows using fractals. It draws support and resistance lines that automatically update as new fractals form. Simplified Visuals: The chart always shows the last two support and resistance lines, keeping the visualization clean and focused. RSI-Based Signals Overbought and Oversold Levels: RSI is used to identify overbought (above 80) and oversold (below 20) conditions. The script generates buy signals at oversold levels and sell signals at overbought levels. Chart Indicators: Arrows and labels appear on the chart to highlight these RSI-based opportunities. Customization The script allows users to customize key parameters such as: Moving average lengths for trend detection. Take-profit and stop-loss percentages. Timeframes for backtesting. Starting capital and commission rates. Conclusion This script is a versatile tool for traders, combining trend detection, automated trade management, and visual feedback. It simplifies decision-making by providing clear signals and tracking performance metrics, making it suitable for both beginners and experienced traders. * The most recently drawn fractals represent potential support and resistance levels. If the price aligns with these levels at the time of entering a trade, it may indicate a likelihood of reversal. In such cases, it’s advisable to either avoid entering the trade altogether or proceed with increased caution.
Pine Script™ Indikator
von AlgoVero
[WSP-V1] Adaptive MACD/RSIDiv/SMC/SMA/EMAThis indicator is based on an adaptive combination of MACD RSI divergence, EMA, SMA, SMC, and more. It is suitable for trend-following strategies and works on all timeframes. It performs particularly well on the daily timeframe. ##How It Works## MACD: Two Exponential Moving Averages The "Zones," where different actions should be taken, are highlighted with green and red backgrounds (MA26/MA12) on the chart. These zones indicate when the MACD is near the 0 line. There is also a small cycle color label to help identify when the first candle's MACD closes near the 0 line. RSI Divergence Alerts are triggered when a bullish or bearish divergence occurs. The alerts may have minor repainting, so they should not be used as entry/exit signals, but rather as a guideline to be considered along with other indicators (e.g., MACD), to notify of potential reversal signals. EMA and SMA Plots exponential moving averages on four timeframes at once for rapid indication of momentum shifts, as well as slower-moving confirmations. The following EMAs are displayed: EMA 20 (Light Green) EMA 50 (Dark Green) EMA 100 (Yellow) EMA 200 (Pink) It also displays MA 100 (Thick Blue) and a dynamic SMA21. If the candles are above the SMA21, it will be green; otherwise, it will be red. These are used for checking momentum and are great for evaluating the strength of a trend. Smart Money Concepts (SMC) The internal and swing market structure labeling includes: Break of Structure (BOS) Change of Character (CHoCH) Order Blocks (Bullish & Bearish) Equal Highs & Lows Fair Value Gap Detection Previous Highs & Lows Premium & Discount Zones (as a range) Options to style the indicator for easier display of these concepts Important: Please try it out without risking real money at first. This is Version 1, optimized for the daily timeframe and trend-following setups. I welcome your suggestions and feedback!
Pine Script™ Indikator
von Wealthstack-pro
Relative Strength Index with EMAĐịnh nghĩa về phương pháp Momentum Dynamic Strategy Phương pháp Momentum Dynamic Strategy là một hệ thống giao dịch kết hợp các nguyên lý cốt lõi của Lý thuyết Dow về xu hướng và cấu trúc thị trường, cùng với chỉ báo RSI (Relative Strength Index) để đo lường động lượng, được làm mượt bởi một đường EMA (Exponential Moving Average) của chính RSI. Sự giao thoa giữa ba yếu tố này cho phép nhà giao dịch: Xác định xu hướng và cấu trúc thị trường theo Lý thuyết Dow, qua đó nắm rõ các giai đoạn thị trường đang trong xu hướng tăng, xu hướng giảm hay tích luỹ. Đo lường và phân tích động lượng (momentum) của xu hướng thông qua RSI, giúp nhận diện sức mạnh hoặc độ “đuối” của xu hướng hiện tại. Lọc nhiễu và tăng độ chính xác của tín hiệu bằng cách sử dụng EMA để làm mượt đường RSI, từ đó hạn chế tín hiệu sai (false signals) thường gặp trong các thị trường biến động mạnh. Cách thức hoạt động Xác định cấu trúc thị trường (Market Structure): Dựa trên Lý thuyết Dow, thị trường được chia thành các pha xu hướng tăng (Higher High – Higher Low), xu hướng giảm (Lower High – Lower Low) hoặc pha tích luỹ (đi ngang). Việc nhận diện chính xác giúp nhà giao dịch biết được bối cảnh tổng quan và điều chỉnh chiến lược phù hợp. Đo lường động lượng qua RSI: RSI là chỉ báo dao động từ 0 đến 100, thể hiện sức mạnh tương đối. RSI càng cao biểu thị lực mua mạnh, và ngược lại. Với Momentum Dynamic Strategy, RSI không chỉ đơn thuần được sử dụng ở các ngưỡng quá mua/quá bán (70/30) mà còn được quan sát trong bối cảnh xu hướng để đánh giá lực đi tiếp hay khả năng đảo chiều. Sử dụng EMA trên RSI để làm mượt tín hiệu: Thay vì đọc trực tiếp RSI, phương pháp này áp dụng thêm một đường EMA (thường dùng EMA 9 hoặc EMA 14) trên RSI. Khi RSI cắt lên/cắt xuống EMA của chính nó, hoặc khi EMA của RSI “bẻ hướng”, đó có thể là tín hiệu sớm của sự thay đổi động lượng trong xu hướng. Kết hợp tín hiệu Mua/Bán: Tín hiệu Mua (Long Entry): Xuất hiện khi RSI vượt lên trên EMA của nó trong bối cảnh thị trường xác nhận đang trong xu hướng tăng (hoặc vừa phá vỡ cấu trúc giảm). Tín hiệu Bán (Short Entry): Xuất hiện khi RSI cắt xuống EMA của nó và thị trường đang hoặc mới chuyển sang pha xu hướng giảm. Ý nghĩa và lợi ích Tối ưu hoá hiệu quả giao dịch: Xác định đúng xu hướng theo Dow, kết hợp đo lường động lượng qua RSI, sẽ giúp loại bớt các lệnh “ngược sóng”. Giảm nhiễu, tăng độ tin cậy: Việc dùng EMA trên RSI đóng vai trò lọc tín hiệu sai, nhất là khi thị trường biến động mạnh hoặc có nhiều nhiễu. Dễ dàng áp dụng: Các yếu tố cốt lõi (Dow, RSI, EMA) đều là những công cụ phổ biến, giúp nhà giao dịch tiếp cận và thực hành phương pháp này một cách nhanh chóng.
Pine Script™ Indikator
von QuocminhSSI
Money Flow ExtendedMoney Flow Extended (MF) Definition The Money Flow Extended (MF) indicator brings together the functionality of the Money Flow Index indicator (MFI) , a tool created by Gene Quong and Avrum Soudack and used in technical analysis for measuring buying and selling pressure, and The Relative Strength Index (RSI) , a well versed momentum based oscillator created by J.Welles Wilder Jr., which is used to measure the speed (velocity) as well as the change (magnitude) of directional price movements. History As the Money Flow Index (MFI) is quite similar to The Relative Strength Index (RSI), essentially the RSI with the added aspect of volume, adding a Moving Average, divergence calculation, oversold and overbought gradients, facilitates the transition from RSI, making the use of MFI pretty similar. What to look for Overbought/Oversold When momentum and price rise fast enough, at a high enough level, eventual the security will be considered overbought. The opposite is also true. When price and momentum fall far enough, they can be considered oversold. Traditional overbought territory starts above 80 and oversold territory starts below 20. These values are subjective however, and a technical analyst can set whichever thresholds they choose. Divergence MF Divergence occurs when there is a difference between what the price action is indicating and what MF is indicating. These differences can be interpreted as an impending reversal. Specifically, there are two types of divergences, bearish and bullish. Bullish MFI Divergence – When price makes a new low but MF makes a higher low. Bearish MFI Divergence – When price makes a new high but MF makes a lower high. Failure Swings Failure swings are another occurrence which can lead to a price reversal. One thing to keep in mind about failure swings is that they are completely independent of price and rely solely on MF. Failure swings consist of four steps and are considered to be either Bullish (buying opportunity) or Bearish (selling opportunity). Bullish Failure Swing MF drops below 20 (considered oversold). MF bounces back above 20. MF pulls back but remains above 20 (remains above oversold) MF breaks out above its previous high. Bearish Failure Swing MF rises above 80 (considered overbought) MF drops back below 80 MF rises slightly but remains below 80 (remains below overbought) MF drops lower than its previous low. Summary The Money Flow Extended (MF) can be a very valuable technical analysis tool. Of course, MF should not be used alone as the sole source for a trader’s signals or setups. MF can be combined with additional indicators or chart pattern analysis to increase its effectiveness. Inputs Length The time period to be used in calculating the MF. 14 is the default. Pivot Loopback After how many bars you want the divergence to show, on the scale of 1-5. 5 is the default. Calculate Divergence Calculating divergences is needed in order for divergence alerts to fire. Moving Average section You can learn more about the inputs in the "Moving Average" section in this Help Center article . Style MF Can toggle the visibility of the MF as well as the visibility of a price line showing the actual current value of the MF. Can also select the MF Line's color, line thickness and visual style. MF-based MA Can toggle the visibility of the MF-based MA as well as the visibility of a price line showing the actual current MA value. Can also select its color, line thickness and line style. MF Upper Band Can toggle the visibility of the Upper Band as well as sets the boundary, on the scale of 1-100, for the Upper Band (80 is the default). The color, line thickness and line style can also be determined. MF Middle Band Can toggle the visibility of the Middle Band as well as sets the boundary, on the scale of 1-100, for the Middle Band (50 is the default). The color, line thickness and line style can also be determined. MF Lower Band Can toggle the visibility of the Lower Band as well as sets the boundary, on the scale of 1-100, for the Lower Band (20 is the default). The color, line thickness and line style can also be determined. MF Background Fill Toggles the visibility of a Background color within the MF's boundaries. Can also change the Color itself as well as the opacity. Overbought Gradient Fill Can toggle the visibility of the Overbought Gradient Fill. Can also select its colors combination. Oversold Gradient Fill Can toggle the visibility of the Oversold Gradient Fill. Can also select its colors combination. Precision Sets the number of decimal places to be left on the indicator's value before rounding up. The higher this number, the more decimal points will be on the indicator's value.
Pine Script™ Indikator
von alexrainman
5
RSI Buy-Sell Indicator - MissouriTimThe RSI Buy-Sell Indicator by MissouriTim, is an advanced trading tool designed to elevate your trading strategy. This indicator leverages the power of the Relative Strength Index (RSI) to provide clear and actionable buy and sell signals, ensuring you make informed trading decisions with confidence. Key Features: Customizable RSI Settings: Tailor the RSI source, length, and thresholds for overbought and oversold conditions to fit your trading style. Real-Time Alerts: Enable BUY and SELL alerts to receive instant notifications when market conditions meet your criteria. Visual Clarity: Easily distinguish between buy and sell signals with customizable line colors, ensuring you never miss a trading opportunity. Intelligent Labeling: Buy and Sell labels dynamically update to reflect overbought and oversold current market conditions, providing you with clear entry and exit points. Swing Lines: Visualize price movements with intuitive swing lines that connect recent highs and lows, helping you spot trends and reversals. How It Works: The RSI Buy-Sell Indicator utilizes the RSI and a specially designed algorithm to determine when an asset is overbought or oversold. When the RSI value crosses the specified overbought or oversold thresholds, the indicator generates a signal, displayed as a label on the chart. Additionally, swing lines are drawn to connect recent highs and lows, offering a visual representation of market trends. This tool is perfect for traders who want to enhance their technical analysis and make more informed decisions. With its customizable settings and real-time alerts, the RSI Buy-Sell Indicator by MissouriTim is a must-have for any serious trader.
Pine Script™ Indikator
von MissouriTim
Buy/Sell Signals (MACD + RSI) 1HThis is a Pine Script indicator for TradingView that plots Buy/Sell signals based on the combination of MACD and RSI indicators on a 1-hour chart. Description of the Code: Indicator Setup: The script is set to overlay the Buy/Sell signals directly on the price chart (using overlay=true). The indicator is named "Buy/Sell Signals (MACD + RSI) 1H". MACD Settings: The MACD (Moving Average Convergence Divergence) uses standard settings of: Fast Length: 12 Slow Length: 26 Signal Line Smoothing: 9 The MACD line and the Signal line are calculated using the ta.macd() function. RSI Settings: The RSI (Relative Strength Index) is calculated with a 14-period setting using the ta.rsi() function. Buy/Sell Conditions: Buy Signal: Triggered when the MACD line crosses above the Signal line (Golden Cross). RSI value is below 50. Sell Signal: Triggered when the MACD line crosses below the Signal line (Dead Cross). RSI value is above 50. Signal Visualization: Buy Signals: Green "BUY" labels are plotted below the price bars where the Buy conditions are met. Sell Signals: Red "SELL" labels are plotted above the price bars where the Sell conditions are met. Chart Timeframe: While the code itself doesn't enforce a specific timeframe, the name indicates that this indicator is intended to be used on a 1-hour chart. To use it effectively, apply the script on a 1-hour chart in TradingView. How It Works: This indicator combines MACD and RSI to generate Buy/Sell signals: The MACD identifies potential trend changes or momentum shifts (via crossovers). The RSI ensures that Buy/Sell signals align with broader momentum (e.g., Buy when RSI < 50 to avoid overbought conditions). When the defined conditions for Buy or Sell are met, visual signals (labels) are plotted on the chart. How to Use: Copy the code into the Pine Script editor in TradingView. Save and apply the script to your 1-hour chart. Look for: "BUY" signals (green): Indicating potential upward trends or buying opportunities. "SELL" signals (red): Indicating potential downward trends or selling opportunities. This script is simple and focuses purely on providing actionable Buy/Sell signals based on two powerful indicators, making it ideal for traders who prefer a clean chart without clutter. Let me know if you need further customization!
Pine Script™ Indikator
von DZdano
Nimu Market on DemandNimu Market On Demand is an innovative tool designed to provide a visual representation of market demand levels on a scale of 1 to 100. This scale is displayed at specific intervals , making it easy for users to understand market demand fluctuations in real time. To enhance analysis, Nimu Market On Demand also incorporates the Relative Strength Index (RSI) with key thresholds at . RSI is a widely-used technical indicator that measures market strength and momentum, offering insights into overbought (excessive buying) or oversold (excessive selling) conditions. The combination of the Demand graph and RSI enables users to: Identify the right time to buy when the RSI falls below 30, signaling an oversold condition. Determine the optimal time to sell when the RSI rises above 70, indicating an overbought condition. With an integrated visualization, users can effortlessly observe demand patterns and combine them with RSI signals to make smarter and more strategic trading decisions. This tool is designed to help traders and investors maximize opportunities in a dynamic market environment.
Pine Script™ Indikator
von jahjae
Sunil High-Frequency Strategy with Simple MACD & RSISunil High-Frequency Strategy with Simple MACD & RSI This high-frequency trading strategy uses a combination of MACD and RSI to identify quick market opportunities. By leveraging these indicators, combined with dynamic risk management using ATR, it aims to capture small but frequent price movements while ensuring tight control over risk. Key Features: Indicators Used: MACD (Moving Average Convergence Divergence): The strategy uses a shorter MACD configuration (Fast Length of 6 and Slow Length of 12) to capture quick price momentum shifts. A MACD crossover above the signal line triggers a buy signal, while a crossover below the signal line triggers a sell signal. RSI (Relative Strength Index): A shorter RSI length of 7 is used to gauge overbought and oversold market conditions. The strategy looks for RSI confirmation, with a long trade initiated when RSI is below the overbought level (70) and a short trade initiated when RSI is above the oversold level (30). Risk Management: Dynamic Stop Loss and Take Profit: The strategy uses ATR (Average True Range) to calculate dynamic stop loss and take profit levels based on market volatility. Stop Loss is set at 0.5x ATR to limit risk. Take Profit is set at 1.5x ATR to capture reasonable price moves. Trailing Stop: As the market moves in the strategy’s favor, the position is protected by a trailing stop set at 0.5x ATR, allowing the strategy to lock in profits as the price moves further. Entry & Exit Signals: Long Entry: Triggered when the MACD crosses above the signal line (bullish crossover) and RSI is below the overbought level (70). Short Entry: Triggered when the MACD crosses below the signal line (bearish crossover) and RSI is above the oversold level (30). Exit Conditions: The strategy exits long or short positions based on the stop loss, take profit, or trailing stop activation. Frequent Trades: This strategy is designed for high-frequency trading, with trade signals occurring frequently as the MACD and RSI indicators react quickly to price movements. It works best on lower timeframes such as 1-minute, 5-minute, or 15-minute charts, but can be adjusted for different timeframes based on the asset’s volatility. Customizable Parameters: MACD Settings: Adjust the Fast Length, Slow Length, and Signal Length to tune the MACD’s sensitivity. RSI Settings: Customize the RSI Length, Overbought, and Oversold levels to better match your trading style. ATR Settings: Modify the ATR Length and multipliers for Stop Loss, Take Profit, and Trailing Stop to optimize risk management according to market volatility. Important Notes: Market Conditions: This strategy is designed to capture smaller, quicker moves in trending markets. It may not perform well during choppy or sideways markets. Optimizing for Asset Volatility: Adjust the ATR multipliers based on the asset’s volatility to suit the risk-reward profile that fits your trading goals. Backtesting: It's recommended to backtest the strategy on different assets and timeframes to ensure optimal performance. Summary: The Sunil High-Frequency Strategy leverages a simple combination of MACD and RSI with dynamic risk management (using ATR) to trade small but frequent price movements. The strategy ensures tight stop losses and reasonable take profits, with trailing stops to lock in profits as the price moves in favor of the trade. It is ideal for scalping or intraday trading on lower timeframes, aiming for quick entries and exits with controlled risk.
Pine Script™ Strategie
von sunilsenapati
Wickiness IndexWickiness Index - Detect Indecision and Trend Exhaustion The Wickiness Index is a versatile technical indicator designed to measure the proportion of wicks (upper and lower shadows) relative to the total range of price bars over a specified lookback period. It provides insights into market indecision, reversals, and trend exhaustion by analyzing the structural composition of candlesticks. The indicator calculates the lengths of upper and lower wicks along with the body of each candlestick. Each bar's wick length is expressed as a percentage of the total range (High - Low). The ratio is scaled to 0–100, where 100 represents entirely wicks with no body (indicating pure indecision) and 0 represents no wicks with only body (indicating strong directional movement). These values are then averaged over the lookback period (default = 5 bars) to provide a smoothed representation of wickiness, reducing noise and highlighting trends. A high value, especially above 70, suggests indecision or potential reversals, as candlesticks dominated by wicks often appear near tops or bottoms. Conversely, low values below 30 indicate trend strength and strong momentum, useful for spotting breakouts and trend continuation. Mid-range values between 30 and 70 often indicate consolidation phases or gradual transitions between trends. Traders can adjust the lookback period to match their trading style, with shorter periods offering faster responses and longer periods providing smoother trends. This indicator is particularly useful for trend reversal detection, breakout confirmation, and volatility filtering. It scales effectively across all timeframes, making it suitable for both intraday traders and long-term investors. When combined with volume analysis or trend-following indicators, the Wickiness Index can further strengthen trade signals. The visual design includes a blue line for the index and horizontal reference lines at 30 and 70, allowing for quick and intuitive interpretation. The Wickiness Index offers a unique perspective on market sentiment and price action behavior, providing traders with valuable insights into potential turning points, momentum shifts, and market indecision. It is a powerful tool for improving decision-making in volatile markets and identifying areas where price trends may weaken or reverse.
Pine Script™ Indikator
von edb454
EMA RSI Trend Reversal Ver.1Overview: The EMA RSI Trend Reversal indicator combines the power of two well-known technical indicators—Exponential Moving Averages (EMAs) and the Relative Strength Index (RSI)—to identify potential trend reversal points in the market. The strategy looks for key crossovers between the fast and slow EMAs, and uses the RSI to confirm the strength of the trend. This combination helps to avoid false signals during sideways market conditions. How It Works: Buy Signal: The Fast EMA (9) crosses above the Slow EMA (21), indicating a potential shift from a downtrend to an uptrend. The RSI is above 50, confirming strong bullish momentum. Visual Signal: A green arrow below the price bar and a Buy label are plotted on the chart. Sell Signal: The Fast EMA (9) crosses below the Slow EMA (21), indicating a potential shift from an uptrend to a downtrend. The RSI is below 50, confirming weak or bearish momentum. Visual Signal: A red arrow above the price bar and a Sell label are plotted on the chart. Key Features: EMA Crossovers: The Fast EMA crossing above the Slow EMA signals potential buying opportunities, while the Fast EMA crossing below the Slow EMA signals potential selling opportunities. RSI Confirmation: The RSI helps confirm trend strength—values above 50 indicate bullish momentum, while values below 50 indicate bearish momentum. Visual Cues: The strategy uses green arrows and red arrows along with Buy and Sell labels for clear visual signals of when to enter or exit trades. Signal Interpretation: Green Arrow / Buy Label: The Fast EMA (9) has crossed above the Slow EMA (21), and the RSI is above 50. This is a signal to buy or enter a long position. Red Arrow / Sell Label: The Fast EMA (9) has crossed below the Slow EMA (21), and the RSI is below 50. This is a signal to sell or exit the long position. Strategy Settings: Fast EMA Length: Set to 9 (this determines how sensitive the fast EMA is to recent price movements). Slow EMA Length: Set to 21 (this smooths out price movements to identify the broader trend). RSI Length: Set to 14 (default setting to track momentum strength). RSI Level: Set to 50 (used to confirm the strength of the trend—above 50 for buy signals, below 50 for sell signals). Risk Management (Optional): Use take profit and stop loss based on your preferred risk-to-reward ratio. For example, you can set a 2:1 risk-to-reward ratio (2x take profit for every 1x stop loss). Backtesting and Optimization: Backtest the strategy on TradingView by opening the Strategy Tester tab. This will allow you to see how the strategy would have performed on historical data. Optimization: Adjust the EMA lengths, RSI period, and risk-to-reward settings based on your asset and time frame. Limitations: False Signals in Sideways Markets: Like any trend-following strategy, this indicator may generate false signals during periods of low volatility or sideways movement. Not Suitable for All Market Conditions: This indicator performs best in trending markets. It may underperform in choppy or range-bound markets. Strategy Example: XRP/USD Example: If you're trading XRP/USD and the Fast EMA (9) crosses above the Slow EMA (21), while the RSI is above 50, the indicator will signal a Buy. Conversely, if the Fast EMA (9) crosses below the Slow EMA (21), and the RSI is below 50, the indicator will signal a Sell. Bitcoin (BTC/USD): On the BTC/USD chart, when the indicator shows a green arrow and a Buy label, it’s signaling a potential long entry. Similarly, a red arrow and Sell label indicate a short entry or exit from a previous long position. Summary: The EMA RSI Trend Reversal Indicator helps traders identify potential trend reversals with clear buy and sell signals based on the EMA crossovers and RSI confirmations. By using green arrows and red arrows, along with Buy and Sell labels, this strategy offers easy-to-understand visual signals for entering and exiting trades. Combine this with effective risk management and backtesting to optimize your trading performance.
Pine Script™ Strategie
von SilverStar_Trading
Uptrick: Smart BoundariesThis script is an indicator that combines the RSI (Relative Strength Index) and Bollinger Bands to highlight potential points where price momentum and volatility may both be at extreme levels. Below is a detailed explanation of its components, how it calculates signals, and why these two indicators have been merged into one tool. This script is intended solely for educational purposes and for traders who want to explore the combined use of momentum and volatility measures. Please remember that no single indicator guarantees profitable results. Purpose of This Script This script is designed to serve as a concise, all-in-one tool for traders seeking to track both momentum and volatility extremes in real time. By overlaying RSI signals with Bollinger Band boundaries, it helps users quickly identify points on a chart where price movement may be highly stretched. The goal is to offer a clearer snapshot of potential overbought or oversold conditions without requiring two separate indicators. Additionally, its optional pyramiding feature enables users to manage how many times they initiate trades when signals repeat in the same direction. Through these combined functions, the script aims to streamline technical analysis by consolidating two popular measures—momentum via RSI and volatility via Bollinger Bands—into a single, manageable interface. 1. Why Combine RSI and Bollinger Bands • RSI (Relative Strength Index): This is a momentum oscillator that measures the speed and magnitude of recent price changes. It typically ranges between 0 and 100. Traders often watch for RSI crossing into “overbought” or “oversold” levels because it may indicate a potential shift in momentum. • Bollinger Bands: These bands are plotted around a moving average, using a standard deviation multiplier to create an upper and lower boundary. They help illustrate how volatile the price has been relative to its recent average. When price moves outside these boundaries, some traders see it as a sign the price may be overstretched and could revert closer to the average. Combining these two can be useful because it blends two different perspectives on market movement. RSI attempts to identify momentum extremes, while Bollinger Bands track volatility extremes. By looking for moments when both conditions agree, the script tries to highlight points where price might be unusually stretched in terms of both momentum and volatility. 2. How Signals Are Generated • Buy Condition: - RSI dips below a specified “oversold” level (for example, 30 by default). - Price closes below the lower Bollinger Band. When these occur together, the script draws a label indicating a potential bullish opportunity. The underlying reasoning is that momentum (RSI) suggests a stronger-than-usual sell-off, and price is also stretched below the lower Bollinger Band. • Sell Condition: - RSI rises above a specified “overbought” level (for example, 70 by default). - Price closes above the upper Bollinger Band. When these occur together, a label is plotted for a potential bearish opportunity. The rationale is that momentum (RSI) may be overheated, and the price is trading outside the top of its volatility range. 3. Pyramiding Logic and Trade Count Management • Pyramiding refers to taking multiple positions in the same direction when signals keep firing. While some traders prefer just one position per signal, others like to scale into a trade if the market keeps pushing in their favor. • This script uses variables that keep track of how many recent buy or sell signals have fired. If the count reaches a user-defined maximum, no more signals of that type will trigger additional labels. This protects traders from over-committing to one direction if the market conditions remain “extreme” for a prolonged period. • If you disable the pyramiding feature, the script will only plot one label per side until the condition resets (i.e., until RSI and price conditions are no longer met). 4. Labels and Visual Feedback • Whenever a buy or sell condition appears, the script plots a label directly on the chart: - Buy labels under the price bar. - Sell labels above the price bar. These labels make it easier to review where both RSI and Bollinger Band conditions align. It can be helpful for visually scanning the chart to see if the signals show any patterns related to market reversals or trend continuations. • The Bollinger Bands themselves are plotted so traders can see when the price is approaching or exceeding the upper or lower band. Watching the RSI and Bollinger Band plots simultaneously can give traders more context for each signal. 5. Originality and Usefulness This script provides a distinct approach by merging two well-established concepts—RSI and Bollinger Bands—within a single framework, complemented by optional pyramiding controls. Rather than using each indicator separately, it attempts to uncover moments when momentum signals from RSI align with volatility extremes highlighted by Bollinger Bands. This combined perspective can aid in spotting areas of possible overextension in price. Additionally, the built-in pyramiding mechanism offers a method to manage multiple signals in the same direction, allowing users to adjust how aggressively they scale into trades. By integrating these elements together, the script aims to deliver a tool that caters to diverse trading styles while remaining straightforward to configure and interpret. 6. How to Use the Indicator • Configure the Inputs: - RSI Length (the lookback period used for the RSI calculation). - RSI Overbought and Oversold Levels. - Bollinger Bands Length and Multiplier (defines the moving average period and the degree of deviation). - Option to reduce pyramiding. • Set Alerts (Optional): - You can create TradingView alerts for when these conditions occur, so you do not have to monitor the chart constantly. Choose the buy or sell alert conditions in your alert settings. • Integration in a Trading Plan: - This script alone is not a complete trading system. Consider combining it with other forms of analysis, such as support and resistance, volume profiles, or candlestick patterns. Thorough research, testing on historical data, and risk management are always recommended. 7. No Performance Guarantees • This script does not promise any specific trading results. It is crucial to remember that no single indicator can accurately predict future market movements all the time. The script simply tries to highlight moments when two well-known indicators both point to an extreme condition. • Actual trading decisions should factor in a range of market information, including personal risk tolerance and broader market conditions. 8. Purpose and Limitations • Purpose: - Provide a combined view of momentum (RSI) and volatility (Bollinger Bands) in a single script. - Assist in spotting times when price may be at an extreme. - Offer a configurable system for labeling potential buy or sell points based on these extremes. • Limitations: - Overbought and oversold conditions can persist for an extended period in trending markets. - Bollinger Band breakouts do not always result in immediate reversals. Sometimes price keeps moving in the same direction. - The script does not include a built-in exit strategy or risk management rules. Traders must handle these themselves. Additional Disclosures This script is published open-source and does not rely on any external or private libraries. It does not use lookahead methods or repaint signals; all calculations are performed on the current bar without referencing future data. Furthermore, the script is designed for standard candlestick or bar charts rather than non-standard chart types (e.g., Heikin Ashi, Renko). Traders should keep in mind that while the script can help locate potential momentum and volatility extremes, it does not include an exit strategy or account for factors like slippage or commission. All code comes from built-in Pine Script functions and standard formulas for RSI and Bollinger Bands. Anyone reviewing or modifying this script should exercise caution and incorporate proper risk management when applying it to their own trading. Calculation Details The script computes RSI by examining a user-defined number of prior bars (the RSI Length) and determining the average of up-moves relative to the average of down-moves over that period. This ratio is then scaled to a 0–100 range, so lower values typically indicate stronger downward momentum, while higher values suggest stronger upward momentum. In parallel, Bollinger Bands are generated by first calculating a simple moving average (SMA) of the closing price for the user-specified length. The script then measures the standard deviation of closing prices over the same period and multiplies it by the chosen factor (the Bollinger Bands Multiplier) to form the upper and lower boundaries around the SMA. These two measures are checked in tandem: if the RSI dips below a certain oversold threshold and price trades below the lower Bollinger Band, a condition is met that may imply a strong short-term sell-off; similarly, if the RSI surpasses the overbought threshold and price rises above the upper Band, it may indicate an overextended move to the upside. The pyramiding counters track how many of these signals occur in sequence, preventing excessive stacking of labels on the chart if conditions remain extreme for multiple bars. Conclusion This indicator aims to provide a more complete view of potential market extremes by overlaying the RSI’s momentum readings on top of Bollinger Band volatility signals. By doing so, it attempts to help traders see when both indicators suggest that the market might be oversold or overbought. The optional reduced pyramiding logic further refines how many signals appear, giving users the choice of a single entry or multiple scaling entries. It does not claim any guaranteed success or predictive power, but rather serves as a tool for those wanting to explore this combined approach. Always be cautious and consider multiple factors before placing any trades.
Pine Script™ Indikator
von Uptrick
1
Multi-Feature IndicatorThe Multi-Feature Indicator combines three popular technical analysis tools — RSI, Moving Averages (MA), and MACD — into a single indicator to provide unified buy and sell signals. This script is designed for traders who want to filter out noise and focus on signals confirmed by multiple criteria. Features: RSI (Relative Strength Index): Measures momentum and identifies overbought (70) and oversold (30) conditions. A signal is triggered when RSI crosses these thresholds. Moving Averages (MA): Uses a short-term moving average (default: 9 periods) and a long-term moving average (default: 21 periods). Buy signals occur when the short-term MA crosses above the long-term MA, indicating an uptrend. Sell signals occur when the short-term MA crosses below the long-term MA, indicating a downtrend. MACD (Moving Average Convergence Divergence): A trend-following momentum indicator that shows the relationship between two moving averages of an asset's price. Signals are based on the crossover of the MACD line and its signal line. Unified Buy and Sell Signals: Buy Signal: Triggered when: RSI crosses above 30 (leaving oversold territory). Short-term MA crosses above the long-term MA. MACD line crosses above the signal line. Sell Signal: Triggered when: RSI crosses below 70 (leaving overbought territory). Short-term MA crosses below the long-term MA. MACD line crosses below the signal line. Visualization: The indicator plots the short-term and long-term moving averages on the price chart. Green "BUY" labels appear below price bars when all buy conditions are met. Red "SELL" labels appear above price bars when all sell conditions are met. Parameters: RSI Length: Default is 14. This controls the sensitivity of the RSI. Short MA Length: Default is 9. This determines the short-term trend. Long MA Length: Default is 21. This determines the long-term trend. Use Case: The Multi-Feature Indicator is ideal for traders seeking higher confirmation before entering or exiting trades. By combining momentum (RSI), trend (MA), and momentum shifts (MACD), it reduces false signals and enhances decision-making. How to Use: Apply the indicator to your chart in TradingView. Look for "BUY" or "SELL" signals, which appear when all conditions align. Use this tool in conjunction with other analysis techniques for best results. Note: The default settings are suitable for many assets, but you may need to adjust them for different timeframes or market conditions. This indicator is meant to assist in trading decisions and should not be used as the sole basis for trading.
Pine Script™ Indikator
von filbek