This is a predictive indicator that looks for explosions in momentum of the cycles in price and large shifts in Momentum (Fisher turns the Bimodal PDF into Guassian like) as statistically unlikely events, showing points to exit or reverse positions. You can adjust the lowpass frequency cuttoff (Aka what cycles you want to remove from the calculations through the...
Initial data: 1) RSI 2) Bollinger Bands (Basis - EMA) 3) Dispersion (around basis) Signal for purchase: RSI crosses the dispersion zone upwards Signal for sale: RSI crosses the dispersion zone downwards Buffer zone: white area, it is not recommended to make transactions.
Super simple script that just adds a line at the 50 level for the RSI.
The purpose of this script is to decipher chop zones from runs/movement/explosion The chop is RSI movement between 40 and 60 tight chop is RSI movement between 45 and 55. There should be an explosion after RSI breaks through 60 (long) or 40 (short). Tight chop bars are colored black, a series of black bars is tight consolidation and should explode imminently. The...
Hello all, To ease everyone's trading experience I made this script which colors RSI overbought and oversold conditions and as a bonus displays bullish or bearish divergences in last 50 candles (by default, you can change it). Script is open source, part of code is from Trading View examples. If you have suggestions or you already made some improvements, please...
The script was designed for the purpose of catching the rocket portion of a move (the edge of momentum). Long --When RSI closes over 60, take long order 1 tick above that bar. The closed bar above RSI 60 will be colored "green" or whatever color the user chooses. (RSI > 60) --On a long position, exit will be a closed bar below the ema (low, 10) . The closed...
indicator that adds rsi plus stoch rsi. edited colors and metrics
ability to plot up to 3 rsi on one indicator. added the 50%, mid line. all credits go to Chris Moody
It is a successful confirmation tool that can be used in input outputs.
This indicator can apply my previous indicator, Historical and Standard Stochastic, to Money Flow (ADMF) or Absolute Strength Index (ASI) or both at the same time. It can also display those two indicators in regular mode as well as showing visual cues when the indicators make new ATH or ATL. ASI is basically a new name I am giving to my Gain/Loss Moving Average...
ETHUSDSHORTS ETHUSDLONGS RATIO
This is the study with allerts of the RSI-MTF2 if there is repainting then I suggest to go to lower time frame and graph of 1 hour or half hour then it will not repaint. the issue i think exist only in 24 hours time frame when you build it on shorter graph still the results will be great (test it in strategy that i put before this one) have fun
Pine script version 3 Author CryptoJoncis RSIOMA is the abbreviation for Relative Strength index (RSI) of moving averages (MA). This custom built indicator is based on calculating the relative strength of two moving averages and the smoothes out the RSI using a moving average. Combined, the RSIOMA oscillator depicts trend changes in prices relative to the time...
This indicator fixes RSI's bullish bias. This asymmetrical bias is illustrated in the chart below (the lower indicator pair). This chart also shows that TRSI solves this issues (upper indicator pair). So, time to throw away your RSI. It has been fooling you all along. FYI, this asymmetry is obvious in longer term charts (wide price ranges). I kept this...
This script points regular bullish and bearish RSI divergences on the chart