ADV_RSIADV_RSI - Advanced Relative Strength Index
Description: The ADV_RSI indicator is an advanced and mutated version of the classic Relative Strength Index (RSI), enhanced with multiple moving averages and a dynamic color-coding system. It provides traders with deeper insights into market momentum and potential trend reversals by incorporating two different moving averages of the RSI (21, and 50 periods). The indicator helps to visualize overbought and oversold conditions more effectively and offers a clear, color-coded representation of the RSI value relative to key thresholds.
Features:
RSI Calculation: The core of the indicator is based on the traditional RSI, calculated over a customizable period.
Multiple Moving Averages: The script includes two RSI moving averages (21, and 50 periods) to help identify trend strength and potential reversal points.
Dynamic RSI Color Coding: The RSI line is color-coded based on its value, ranging from red for overbought conditions to aqua for oversold conditions. This makes it easier to interpret the market's momentum at a glance.
Threshold Bands: The indicator includes horizontal threshold lines at key RSI levels (20, 30, 40, 50, 60, 70, 80), with shaded areas between them, providing a visual aid to quickly identify overbought and oversold zones.
How to Use:
The RSI line fluctuates between 0 and 100, with traditional overbought and oversold levels set at 70 and 30, respectively.
When the RSI crosses above the 70 level, it may indicate overbought conditions, signaling a potential selling opportunity.
When the RSI falls below the 30 level, it may indicate oversold conditions, signaling a potential buying opportunity.
The included moving averages of the RSI can help confirm trend direction and potential reversals.
The color coding of the RSI line provides a quick visual cue for momentum changes.
Ideal For:
Traders looking for a more nuanced understanding of market momentum.
Those who prefer visual aids for quick decision-making in identifying overbought and oversold conditions.
Traders who utilize multiple timeframes and need a comprehensive RSI tool for better accuracy in their analysis.
Accurate
Enhanced Alligator Trend Indicator By Er. Parvez HaleemPurpose: The Enhanced Alligator Trend Indicator aims to identify strong and reliable buy and sell signals on the price chart by combining the Alligator Indicator with trend strength and volume filters. It is specifically designed for use on a 1-minute chart to enhance precision in short-term trading decisions.
Components:
Alligator Indicator:
Jaw Line (Blue): Calculated as a simple moving average (SMA) of the closing price over a specified period (default: 13 bars). Represents the long-term trend.
Teeth Line (Red): Calculated as a simple moving average (SMA) of the closing price over a shorter period (default: 8 bars). Represents the medium-term trend.
Lips Line (Green): Calculated as a simple moving average (SMA) of the closing price over an even shorter period (default: 5 bars). Represents the short-term trend.
Trend Strength Indicator:
Relative Strength Index (RSI): Measures the strength of the current trend, using a default period of 14 bars. RSI values above 50 suggest a bullish trend, while values below 50 suggest a bearish trend.
Volume Filter:
Volume Threshold: Filters signals based on trading volume to ensure they only appear when volume exceeds a specified threshold (default: 100,000). This helps to avoid low-volume noise and enhance signal reliability.
Additional Trend Filters:
Short-Term SMA: A simple moving average with a default period of 20 bars, used to assess short-term trend direction.
Long-Term SMA: A simple moving average with a default period of 50 bars, used to assess long-term trend direction.
SMA Crossover: A bullish crossover occurs when the short-term SMA is above the long-term SMA, and a bearish crossover occurs when the short-term SMA is below the long-term SMA.
Signal Generation:
Buy Signal: Generated when:
The Lips line is above the Teeth line, and the Teeth line is above the Jaw line (indicating a bullish alignment in the Alligator Indicator).
The RSI is above 50 (indicating strong bullish trend strength).
The trading volume exceeds the specified volume threshold (indicating sufficient trading activity).
The short-term SMA is above the long-term SMA (confirming a bullish trend).
Sell Signal: Generated when:
The Lips line is below the Teeth line, and the Teeth line is below the Jaw line (indicating a bearish alignment in the Alligator Indicator).
The RSI is below 50 (indicating strong bearish trend strength).
The trading volume exceeds the specified volume threshold (indicating sufficient trading activity).
The short-term SMA is below the long-term SMA (confirming a bearish trend).
Plotting on Chart:
Alligator Lines: The Jaw, Teeth, and Lips lines are plotted directly on the price chart in blue, red, and green, respectively, to indicate the long-term, medium-term, and short-term trends.
Buy/Sell Signals: Buy signals are plotted below the price bars in green, and sell signals are plotted above the price bars in red. These signals are marked with labels ("BUY" and "SELL") to clearly indicate trading opportunities.
Debugging: RSI and SMA lines are plotted but hidden by default. They can be revealed for verification purposes to ensure the correctness of the indicator’s calculations.
Alerts:
Buy Alert: Triggers when a buy signal condition is met, sending a notification that a buy opportunity has been identified.
Sell Alert: Triggers when a sell signal condition is met, sending a notification that a sell opportunity has been identified.
[LazyBear] SQZ Momentum + 1st Gray Cross Signals ━ whvntrI have modified LazyBears Squeeze Momentum Indicator with enhancements, plus added signals
LazyBear mentioned that in John F. Carter's book, Chapter 11, "Mastering the Trade", that "Mr. Carter suggests waiting till the first gray after a black cross, and taking a position in the direction of the momentum (for ex., if momentum value is above zero, go long). Exit the position when the momentum changes (increase or decrease --- signified by a color change)." I have done just that. Now at each "first gray after a black cross", there are now Bearish and Bullish signals.. The signals only appear in the direction of the momentum.
Disclaimer: This indicator does not constitute investment advice. Trade at your own
risk with this method of identifying changes in stock market momentum.
Bitcoin Real VolumeBitcoin’s Real Volume
An accurate read on the change in Bitcoin’s volume profile over time.
Based on 2019 reports by Bitwise and Alameda Research.
Please see the script code notes for assumptions and details on data selection.
Follow me for more information on this script.
Hull MA Advanced CrossFaster and more accurate signals by using Hull MA. You can change the periods.
