Slowing the RSI down opens up a whole new world of possibilities.
This concept can work for a lot of TA indicators including the MACD.
See script source code for further description. Feel free to add pyramid trades at your own discretion in your format menu.
No this doesn't repaint!
This script computes the Relative Strength Indicator ( RSI ) for multiple timeframes: current resolution (1H), 2H, 4H and 1D.
Add it to your 1H chart - This is important!
It is highly flexible: the time resolutions can changed - except for the current resolution of the chart.
The lookback periods for all timeframes are set to 14 - but they can be changed as...
RSI overbought and oversold histogram
Just indicator combo of oldschool slow stochastic and rsi, just looking a little bit better for someone.
Strategy is simple:
1) RSI is overbought or oversold (above 70, below 30)?
2) Stochastic line crosses its ema?
3) Stochastic and stochastic ema are in overbought = sell, oversold = buy.
Works good in volitile stocks/pairs...
Look overbought and overbought to predict the time of the transaction.
- RSI = 21 to 30 (default configuration): The graph showing the letters 'Buy' and candles will have different colors.
- RSI < 21 (default configuration): The graph showing the letters 'Buy' displays bold and the candles will have high light background...
Great tool to find market tops, bottoms, S/R's and reversals.
Rsi has 2 customiseble overbought and oversold levels can show you extreme levels.
Slow Stochastic 1 (25 period) shows small price swings
Slow stochastic 2 (100 period) can show you a greater picture, are we reversing?
Why do you need Leguerre, Murrey, Kaufman oscilator 3000 when you can have old and...
I realized that I can use my PEMA indicator () as ocillator too, so I created this indicator.
Good to compare top and bottom (get divergences), and oversold and overbought areas (like RSI).
If you liked, send me a small amout of bitcoin to 1NR9tyn8tAn6nuQzosaZ2SkfT38PLxN5mf it will encorage me to create other indicators...
Spiky Iguana Multi RSI Bands by RagingRocketBull 2018
This indicator shows multiple RSI Bands with prices corresponding to specified overbought/oversold RSI levels.
It is used to extrapolate the exact price levels currently matching a given set of RSI levels based on prior price/RSI levels action.
You can think of it as a reverse RSI where RSI levels...
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.
RSI and Stochastic RSI in one single indicator. Optimized for the TradingView Dark Theme.
StochRSI lines turns into red once the value is less than 2 or greater than 98 (oversold, overbought).
RSI histogram will appear orange if it is less than 30 or greater than 70.
RSI histogram will appear red if both rules above are valid.
I've decided to create my own after browsing through the existing ones.
Here's what's this about: it plots the RSI for the current timeframe - I use 30M in the chart. This is the thinnest line. Then in adds 4h RSI, the line is thicker. Similar for Daily and Weekly.
For the current, 4h and daily, the lookback period is 14 periods. For the weekly, it is 8. These...