Rule 1. Price is above its 200-period moving average 2. The 2-period RSI of price closes below 5 3. Buy price on the close 4. Exit when price closes above its 5-period moving average
Disclaimer: This strategy is taken from Larry Connor's R3 Strategy. I myself do not hold the copyright of this strategy. Buy Conditions ============== 1. Price is above SMA-200. 2. Last two days, RSI line dropped down from level 60. 3. Today, RSI line drops down from level 10. 4. Buy on close price. 5. Close position when RSI line crosses up level 70. Sell...
The Wave Principle | Modified RSI 30 green | 70 red = Strong Movement (Possible Impulse) 20 cyan | 80 Yellow = Strongest Movement Support and Resistance Level (Trend Continuation) Uptrend= 40 Downtrend = 60 Break+Retest = BR Div = Divergence (Change in trend) -------------------------------------------- This indicator has been modified from original RSI to...
This script is for research purposes. I have used the older RSI calculation (not the TV function) and added the possibility to not use only classic RMA for the RSI calculation but up to 17 different MAs. Added BBS basically TDI and Divergences from Libertus. Happy hunting and if you find something useful dons hesitate to share it :)
Tracks an EMA and SMA of the 14 day RSI. Also avoids the market with 14 day RSI is above 90. Buy when green, sell when red.
Created based on Connor's R3 Strategy. However, the signal always appears on the next candle, where it should appear at the closing price of the same candle.
Plots a Green/Red strip on the price chart to highlight when RSI goes overbought or oversold. You can optimize it by yourself on the source code, just change "70" or "30" for your desired value. Cheers!
Similar to my last TDI but was made with the ability to select different bases for both EMAs / BBs. Only viable bases as far as i have seen are SMA / EMA / KAMA the rest would need much more research. tradingstrategyguides.com Mainly graphical changes for my layout + added coloring for all signals that came to my mind. TEMA / Sentiment crossovers seems to be...
Developed by Emily Karobein, the Karobein oscillator is an oscillator that aim to rescale smoothed values with more reactivity in a range of (0,1) Calculation The scaling method is similar to the one used in a kalman filter for the kalman gain. We first average the up/downs x, those calculations are similar to the ones used for calculating the average...
Multi indicator Bollinger Band x RSI Wave Trend Cycles Free users will like it :) Fell free to like share comments... and check my other stuff :]
RSI rules: If we break above 70 RSI, 40-50 RSI acts as support, If we break below 30 RSI, 50-60 RSI acts as resistance I color coded the support/resistance areas to make visuals easier. This is part of my private indicator, but I removed the buy/sell part (which is the private part). I think this will help a lot with your guy's trading.
This script calculates both RSI (Relative Strength Index) and Stock (Stochastic) RSI Indicators, and plots them with a distinctive background on the same graph. The colors were chosen to be very easy on the eyes. I published it as a way to give back to this community. Use your own judgement when trading, I am not responsible for any losses resulting from the use...