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Mtfrsi

MTF Smoothable RSI Nexus [DarkWaveAlgo]🧾 Description: A nexus is a connection, link, or neuronal junction where signals and information are transmitted between different elements. The MTF Smoothable RSI Nexus indicator serves as a nexus between smoothable, MTF RSIs by facilitating the visualization and interaction of up to six multi-timeframe RSIs, each with its own customizable timeframe, period, coloring customization, and price source. By combining these various RSIs, it helps you create a comprehensive view of MTF momentum trends and dynamics. It acts as a control center that brings together multiple MTF RSIs and allows you to visualize the interactions between them with exceptional ease-of-use and customizability, helping to provide you with valuable insights into potential trend reversals, momentum shifts, and trading opportunities. 💡 Originality and Usefulness: While there are other multi-timeframe RSI indicators available, MTF Smoothable RSI Nexus' global smoothing settings offer a flexible take on the development of price momentum across various timeframes. Its semi-transparent overbought and oversold fill zones create a compounding opaqueness when RSIs from multiple timeframes coalesce - making visual assessment of momentum extremes incredibly easy. We also believe it stands above the rest with its sheer quantity and quality of settings, features, and usability. ✔️ Re-Published to Avoid Misleading Values This script has been re-published to ensure that it does not use `request.security()` calls using lookahead_on to access future data when referencing RSIs from other timeframes. This decreases the likelihood that the indicator will provide deceiving values. This change has been made in accordance with the PineScript documentation: "Using barmerge.lookahead_on at timeframes higher than the chart's without offsetting the `expression` argument like in `close [ ]` will introduce future leak in scripts, as the function will then return the `close` price before it is actually known in the current context" and the Publishing Rule: "Do not use `request.security()` calls using lookahead to access future data". Historical and real-time values may differ when referencing timeframes other than the chart's. 💠 Features: 6 toggleable MTF Smoothable RSIs with customizable timeframes, periods, and price sources Compounding overbought/oversold filled areas for easy MTF momentum analysis Aesthetic and flexible coloring and color theme styling options End-of chart labels and options for ease-of-use and legibility ⚙️ Settings: Use a Color Theme: When this setting is enabled, all manual 'Bullish and Bearish Colors' are overridden. All plots will use the colors from your selected Color Theme - excepting those plots set to use the 'Single Color' coloring method. Color Theme: When 'Use a Color Theme' is enabled, this setting allows you to select the color theme you wish to use. Hide RSIs on Timeframes Lower Than the Chart: When this setting is enabled, any MTF RSI with a timeframe smaller than that of the chart the indicator is applied to will be hidden from view. Overbought Level: Set the level value for the overbought line. Oversold Level: Set the level value for the oversold line. Overbought Color: When 'Use a Color Theme' is disabled, this will set the color for the Overbought Level line. Oversold Color: When 'Use a Color Theme' is disabled, this will set the color for the Oversold Level line. Fill Overbought/Oversold Areas: When enabled, the area between any MTF RSI and the Overbought/Oversold level will be filled with semi-transparent coloring if that RSI is above/below the respective level. Smooth RSIs: When enabled, all MTF RSIs will be processed through an additional smoothing average calculation. Smoothing Type: Set the calculation type for the smoothing process. Options include: Exponential, Simple, Weighted, Volume-Weighted, and Hull. Enable: Show/hide a specific MTF RSI. Timeframe: Set the timeframe for a specific MTF RSI. Period: Set the lookback period for a specific MTF RSI. Source Price: Set the source value used for a specific MTF RSI's calculation. Coloring Method: Set the coloring method for this specific RSI. The coloring method defines how the RSI should be dynamically colored. Options include: 'Single Color' and 'Increasing/Decreasing'. Bullish Color: When 'Use a Color Theme' is disabled, this will set the 'bullish color' for this specific MTF RSI. Bearish Color: When 'Use a Color Theme' is disabled, this will set the 'bearish color' for this specific MTF RSI. Single Color: When the 'Coloring Method' is set to Single Color for this specific RSI, this color option will set the RSI's color. Enable Label: When enabled, a label will show at the end of the chart displaying the timeframe, period, smoothing type (if any), and current price value of this specific MTF RSI. Size: Sets the font size of this specific MTF RSI's label. Label Offset (in Bars): Sets the distance from the latest bar, in bars, at which this specific MTF RSI's label is displayed. Show Label Line: When enabled, this specific MTF RSI's label will be accommodated by a dashed line connecting it to its plot. 📈 Chart: The chart shown in this original publication displays the 15 minute chart on ETHUSDT. Displayed on the chart are 4 MTF RSIs: the 15m 14 WMA-Smoothed RSI, 1h 14 WMA-Smoothed RSI, 4h 14 WMA-Smoothed RSI, and the 1D 14 WMA-Smoothed RSI - offering an exemplary view of how you can easily use these MTF RSIs to your advantage in analyzing momentum relationship across multiple timeframes.
Pine Script™ indicator
by DarkWaveAlgo
7
Black RSI (Pro Suite)Black RSI (Pro Suite) is combination of RSI (Relative Strength Index), Volume RSI, Heikin Ashi RSI & other multi Oscillators with multi features into one indicator, features like (Quad Divergences, Multi Time Frame RSI, MTF RSI Panel, Oscillator Support/Resistance/Wedges/Trendlines, Oscillator Moving Average/BBs, Smooth RSI, RSI Price Estimator, Oscillator Over bought/sold Bars, Osc OB/OS Zones, Osc OB/OS Highlights, additionally Black RSI indicator is flexible & completely customizable). Indicator goal: I have tried my best to organized RSI & other suitable oscillators and oscillator useful tools into one simple and free indicator for Tradingview users (specifically for Tradingview 'basic' subscription users). suggestions are always welcome. please give feedback & appreciate if you like my work. Black RSI Indicator Features Summary: Black RSI indicator includes many features mainly relevant to RSI and other Oscillators, these are briefly highlighted below: Black RSI Dashboard Multi Oscillators: Choose between multiple oscillators. All oscillators settings are customizable. Multi Symbol: Multi Symbol Support, applicable on all oscillators RSI (Relative Strength Index) VRSI (Volume Relative Strength Index) HA RSI (Heikin Ashi Relative Strength Index) OBV (On Balance Volume) CVD (Comulative Volume Delta) MFI (Money Flow Index) UO (Ultimate Oscillator) MOM (Momentum Oscillator) ATR (Average True Range) Stoch (Stochastic Oscillator) Stoch RSI (Stochastic RSI) Oscillator Primary Tools ◢ Oscillator Moving Average/Bollinger Bands Smooth RSI Multi Timeframe RSI Multi Timeframe RSI Panel RSI Price Estimator Oscillator Support/Resistance/Wedges/Trendlines Oscillator Moving Average/BBs: Shows Moving Average for selected oscillator. Smooth Smooth: Smooths out RSI Multi Timeframe RSI: Displays Multiple Time Frame/Multiple Symbol RSI and converts it and shows it as it is in current time frame without effecting Primary RSI Multi Timeframe RSI Panel: Displays Multiple Time Frame/Multiple Symbol RSI values of user input specific timeframes in compact panel (max 8 Time frames) RSI Price Estimator: Calculates RSI estimate price values of 3 different user specific RSI input levels, RSI x MA cross price and RSI future value of user specific price input level. Oscillator Support/Resistance/Wedges/Trendlines: Draws Trendlines, Wedges and Support & Resistance lines on selected oscillator Oscillator Quad Divergence ◢ 1st Oscillator Divergence: Traditional divergence indicator with enhancements & customization 2nd Oscillator Divergence: Traditional divergence indicator with enhancements & customization 3rd Oscillator Divergence: Advanced Divergence indicator with source selection, RSI/Price threshold, potential divergences & customization 4th Oscillator Divergence: Pivots divergence indicator with flexible pivots selection & customization Regular bullish divergences are indicated when price is forming lower lows while an oscillator shows higher lows. Regular bearish divergences are indicated when price is forming higher highs while an oscillator shows lower highs. While regular divergences indicate trend reversals, hidden divergences indicate a trend continuation. When the price is making higher lows and the oscillator is showing lower lows, we speak of a bullish hidden divergence. When the price is making lower highs and the oscillator shows higher highs, it's a bearish hidden divergence. Oscillator Secondary Tools ◢ Oscillator HH/LL pivots Osc OB/OS Color Bars Osc OB/OS Zones Osc OB/OS Highlights Background Oscillator HH/LL pivots: Shows HH/LL pivot points on selected oscillator Osc OB/OS Color Bars: Plots color chart bars based on RSI, MFI, Stochastic, Stochastic RSI or combine overbought/oversold conditions Osc OB/OS Zones: Plots Osc OB/OS Zones with user input levels Osc OB/OS Highlights: Highlight oscillator OB/OS background area Background: background color customization + Primary RSI Settings ▾ - Primary RSI Length: User input RSI Length value - Primary RSI Source: User RSI Source selection - RSI Overbought Threshold: Allows the user to set the RSI overbought threshold value. This Overbought Threshold value will also be applied on "RSI Divergence overbought condition", "RSI OB Color Bars" and "Primary RSI Color Schemes - RSI Oversold Threshold: Allows the user to set the RSI oversold threshold value. The lower band (oversold line) of RSI. This Oversold Threshold value will also be applied on "RSI Divergence oversold condition", "RSI OS Color Bars" and "Primary RSI Color Schemes - RSI Middle Band: Allows the user to set the RSI middle band value. This value will also applied to "Center Line" color scheme from "Primary RSI Color Schemes" drop menu - Primary RSI Colors: Range color specifies a gradient of colors from the overbought to the oversold threshold user inputs from "Primary RSI" section. Color interpolation also a gradient but smoother than Range color. Center Line is similar but is not a gradient, linked to Middle Band ("Primary RSI" section) and changes color with RSI Middle Band. Traditional is simple with Overbought and Oversold colors change. - RSI Bullish Band: Allows the user to plot extra/optional RSI band on RSI Oscillator (Note: it will not be plotted if "OB/OS Zone only" enabled from "OB/OS Zone Settings" section) - RSI Bearish Band: Allows the user to plot extra/optional RSI band on RSI Oscillator (Note: it will not be plotted if "OB/OS Zone only" enabled from "OB/OS Zone Settings" section) + Primary RSI Smooth Settings ▾ - Smooth Moving Average Type: User selected Smooth MA type. With RSI Smooth enabled, will also effect all RSI Divergences detection (all divergences will be plot according to "Smoothed RSI line") - Smooth Moving Average Length: User input Smooth MA length value + Oscillator Moving Average Settings ▾ - Osc Moving Average Colors: Allows user to select Bullish/Bearish colors of Oscillator Moving Average - Osc Moving Average Type: Allows user to select Oscillator MA Type - Osc Moving Average Length: User input Oscillator MA length value - Osc Moving Average Thickness: User input Oscillator MA thickness - BB StdDev: user input Bollinger Bands standard deviation value + Stochastic Oscillator Settings ▾ - Same as Traditional/Default indicator + Stochastic RSI Oscillator Settings ▾ - Same as Traditional/Default indicator + Money Index Flow Settings ▾ - Same as Traditional/Default indicator + Ultimate Oscillator Settings ▾ - Same as Traditional/Default indicator + Momentum Oscillator Settings ▾ - Same as Traditional/Default indicator + Average True Range Settings ▾ - Same as Traditional/Default indicator + Multi Timeframe RSI Settings ▾ - MTF RSI Time Frame: Allows user to select MTF RSI Time Frame - MTF RSI Symbol: Allows user to select MTF RSI Time Symbol - MTF RSI Length: User input MTF RSI length value - MTF RSI Source: User selected MTF RSI source - MTF RSI Line Width: User input MTF RSI line thickness value - Number of Bars for MTF RSI plot - MTF RSI Color > OB color > OS color : Allows user to select MTF RSI color with additionally Overbought/Oversold colors + MTF RSI Panel Settings ▾ - Select MTF RSI Type: If "Primary RSI" or "Volume RSI" selected MTF RSI Panel will show output values based on "Primary RSI" or "Volume RSI" parameters e.g. source, length, but without smooth. - MTF RSI Panel Symbol: Allows user to select MTF RSI Panel symbol, leave symbol blank or uncheck "checkbox" for current chart symbol - Show Symbol in Panel: Shows symbol ticker(current or user selected) in MTF RSI Panel - Panel Background: Allows user to select MTF RSI Panel Background (enable/disable) and Background color selection - TF1: MTF RSI Timeframe 1 user selection - TF2: MTF RSI Timeframe 2 user selection - TF3: MTF RSI Timeframe 3 user selection - TF4: MTF RSI Timeframe 4 user selection - TF5: MTF RSI Timeframe 5 user selection - TF6: MTF RSI Timeframe 6 user selection - TF7: MTF RSI Timeframe 7 user selection - TF8: MTF RSI Timeframe 8 user selection - Panel Top Offset: MTF RSI Panel offset input value - Position: MTF RSI Panel position selection - Text Size: MTF RSI Panel text size selection - Bullish Colors: MTF RSI Panel bullish color selection. (Bullish colors range RSI >75, <75 to >65, <65 to >55) - Bearish Colors: MTF RSI Panel bearish color selection. (Bearish colors range RSI <45 to >35, <35 to >25, <25) + RSI Price Estimator Settings ▾ - Price 1: User input value for RSI future price - Price 2: User input value for RSI future price - Price 3: User input value for RSI future price - Panel Position Offset: User input value for panel position offset - Price Decimals: User input value for output price decimals in panel - Show RSI/OscMA cross Price: Enable/Disable RSIxOscillator MA cross future price - Show RSI Level for Input Price: User input price for future RSI level - Invisible Background: Enable/Disable Background Auto Text Color > Auto color change of Panel text according to Dark/Light chart theme + Oscillator Support/Resistance Settings ▾ - Show Support line: Allows user to Enable/Disable Oscillator support line Color > Auto Color: Auto color change of support line according to Dark/Light chart theme - Show Resistance line: Allows user to Enable/Disable Oscillator resistance line Color > Auto Color: Auto color display of resistance line according to Dark/Light chart theme - Lookback lows/highs: User input of Lookback lows/highs value - Distance threshold: Distance from the line to the low - Line touch points: Number of points that have to be around the line - Low/High left bars: User input of Low/High left bars value - Low/High right bars: User input of Low/High right bars value - Line style: User selection of line style - Line thickness: User input of line thickness value + Oscillator 1st Divergence Settings ▾ - Divergence Source: User selection of divergence source. "High/Low" (high/low of oscillator/price divergence detection), "Close" (close of oscillator/price divergence detection) and "Both" (Both Close + High/Low of oscillator/price divergence detection). (Note: Traditional Divergence indicator default source is "High/Low") - Pivot Lookback Right: How many candle to compare on the right side of a candle when deciding whether it is a pivot. The lower the number is, the earlier pivots (and therefore divergences) will be signaled, but the quality of those detections could be lower. - Pivot Lookback Left: How many candle to compare on the left side of a candle when deciding whether it is a pivot. The lower the number is, the earlier pivots (and therefore divergences) will be signaled, but the quality of those detections could be lower. - Divergence Max Length (Bars): The maximum length of a divergence (number of bars). If a detected divergence is longer than this, it will be discarded - Divergence Min Length (Bars): The minimum length of a divergence (number of bars). If a detected divergence is shorter than this, it will be discarded - Show Divergence as: - Line Thickness: User input divergence line thickness value - Label Transparency: it could reduce labels mess on oscillator line, input "100" for label text only without label background - Labels Text Color: User label text color selection Auto Text Color > Auto color change of label text according to Dark/Light chart theme - Bull Divergences: Enable/Disable of Bull divergences > Color: User selection of Bull divergence color > Oversold only: It will show Regular Bullish RSI divergences in oversold zone only, RSI oversold threshold can be configure in "Primary RSI Settings" section. - Bear Divergences: Enable/Disable of Bear divergences > Color: User selection of Bear divergence color > Overbought only: It will show Regular Bearish RSI divergences in overbought zone only, RSI overbought threshold can be configure in "Primary RSI Settings" section. - Hidden Bull Div: Enable/Disable of Hidden Bull divergences > Color: User selection of Hidden Bull divergence color - Hidden Bear Div: Enable/Disable of Hidden Bear divergences > Color: User selection of Hidden Bear divergence color + Oscillator 2nd Divergence Settings ▾ - Same as Oscillator 1st Divergence Settings + Oscillator 3rd Divergence Settings ▾ - Divergence source: User selection of divergence source . "oscillator" (divergence detection with high/low or close of selected oscillator), "price" (divergence detection with high/low or close of price) - Bull price source: User selection of Bull price source. Bull price source: "Low" (low of price divergence detection), "Close" (close of price divergence detection) (linked to "price" in "Divergence source") - Bear price source: User selection of Bear price source. Bear price source: "High" (high of price divergence detection), "Close" (close of price divergence detection) (linked to "price" in "Divergence source") - Low/High left bars: How many candle to compare on the left side of a candle when deciding whether it is a pivot. The lower the number is, the earlier pivots (and therefore divergences) will be signaled, but the quality of those detections could be lower. - Low/High right bars: How many candle to compare on the right side of a candle when deciding whether it is a pivot. The lower the number is, the earlier pivots (and therefore divergences) will be signaled, but the quality of those detections could be lower. - Maximum lookback bars: The maximum length of a divergence (number of bars). If a detected divergence is longer than this, it will be discarded. - Price threshold: User selection of Price threshold, higher values more lines - RSI threshold: User selection of RSI threshold, higher values more lines - Show Lows: Displays lows of RSI - Show Highs: Displays highs of RSI - Show Divergence as: - Line Style: - Line thickness: User input divergence line thickness value - Label Transparency: it could reduce labels mess on oscillator line, input "100" for label text only without label background - Labels Text Color: User label text color selection Auto Text Color > Auto color change of label text according to Dark/Light chart theme - Bull Divergences: Enable/Disable of Bull divergences > Color: User selection of Bull divergence color > Potential Bull: It will plot potential regular bull divergence with dotted line. - Bear Divergences: Enable/Disable of Bear divergences > Color: User selection of Bear divergence color > Potential Bear: It will plot potential regular bear divergence with dotted line. - Hidden Bull Div: Enable/Disable of Hidden Bull divergences > Color: User selection of Hidden Bull divergence color > Potential H.Bull: It will plot potential hidden bull divergence with dotted line. - Hidden Bear Div: Enable/Disable of Hidden Bear divergences > Color: User selection of Hidden Bear divergence color > Hidden Bear divergence: It will plot potential hidden bear divergence with dotted line. > Regular Bull oversold only: It will show Regular Bullish RSI divergences in oversold zone only, RSI oversold threshold can be configure in "Primary RSI Settings" section. > Regular Bear overbought only: It will show Regular Bearish RSI divergences in overbought zone only, RSI overbought threshold can be configure in "Primary RSI Settings" section. + Oscillator 4th Divergences Settings ▾ - Upper Length: User pivot input value of draw upper divergence line From - To Pivot: - Lower Length: User pivot input value of draw lower divergence line From - To Pivot: - Show Divergence as: - Line Style: - Line thickness: User input divergence line thickness value - Label Transparency: it could reduce labels mess on oscillator line, input "100" for label text only without label background - Labels Text Color: User label text color selection Auto Text Color > Auto color change of label text according to Dark/Light chart theme - Bull Divergences: Enable/Disable of Bull divergences > Color: User selection of Bull divergence color - Bear Divergences: Enable/Disable of Bear divergences > Color: User selection of Bear divergence color - Regular Bull oversold only: It will show Regular Bullish RSI divergences in oversold zone only, RSI oversold threshold can be configure in "Primary RSI Settings" section. - Regular Bear overbought only: It will show Regular Bearish RSI divergences in overbought zone only, RSI overbought threshold can be configure in "Primary RSI Settings" section. + Oscillator HHLL Pivots Settings ▾ - Pivot Length: User input value of HH/LL pivot length > L.Text Color: User label text color selection - HH color: User HH Label color selection - HL color: User HL Label color selection - LH color: User LH Label color selection - LL color: User LL Label color selection + Oscillator OB/OS Colored Bars Settings▾ - Overbought/Oversold Bars Oscillator: Plots Overbought/Oversold color bars based on RSI, MFI, Stoch, Stoch RSI overbought/oversold threshold conditions separately or combined(when every oscillator reach its OB or OS threshold condition at same time). - Overbought Bar Color: User RSI OB Bars color selection - Oversold Bar Color: User RSI OS Bars color selection + Primary RSI Range Color ▾ - OB: Overbought Color - OS: Oversold Color - Bullish: Bullish Color - Bearish: Bearish Color + Primary RSI Color interpolation ▾ - RSI Color: RSI Color - OB: Overbought Color - OS: Oversold Color + Primary RSI Center Line Color ▾ - OB: Overbought Color - Bullish: Bullish Color - Bearish: Bearish Color - OS: Oversold Color + Primary RSI Traditional Color ▾ - RSI Color: RSI Color - OB: Overbought Color - OS: Oversold Color Osc Overbought/Oversold Zones Settings ▾ - OB/OS Zone Band Lines: Enable/Disable OB/OS Zone Band Lines - OB/OS Zones only: Only shows OB/OS Zones and disable all RSI band lines except Middle Band. Background will not be effected by this setting. - Overbought Zone: User input value of Overbought Zone from > To: - Oversold Zone: User input value of Oversold Zone from > To: Osc Overbought/Oversold Highlights ▾ - Overbought Highlights : Enable/Disable Overbought Highlights - Oversold Highlights : Enable/Disable Oversold Highlights - Transparency: Gradient transparency of highlighted area + 'Oscillators Color Settings ▾ - Show Osc Symbol label : Enable/Disable of oscillator symbol label. Displays current oscillator symbol, but with "Override Oscillator Symbol" enabled from "Black RSI Dashboard" it will Auto/forcefully displays Override Oscillator Symbol on Oscillator - Fade out Oscillator line: Fade out the oscillator line color, focusing only the most recent periods prominent for a clearer chart - Fill Stoch/StochRSI lines: Fills Stoch/Stoch RSI lines - Oscillator line thickness: user input value of oscillator line thickness - Oscillator line offset: Shifts the oscillator to the left or to the right on the given number of bars, Default is 0 - OBV Color - MFI Color - ATR Color - UO Color - MOM Color - CVD Bullish Color - CVD Bearish Color + Background Setting ▾ - Custom Background Color: User selection of Background color Authors & Credits: I'd like to THANK to Nabeel Black(myself), LonesomeTheBlue, iFuSiiOnzZ, jmosullivan, zdmre, creengrack, and TradingView for the locally sourced ingredients. Disclaimer: DYOR. Not financial advice. Not a trading system. I am not affiliated with TradingView or any authors mentioned here; You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely. Always trade with confluence and Risk Management. Feedback & Bug report if you found any bug in this indicator or any suggestion, please let me know. Please give feedback & appreciate if you like to see more future updates and indicators. Thank you
Pine Script™ indicator
by NabeelBlack
14
RSI Multi Alerts MTFThis indicator won't plot anything to the chart. Please follow steps below to set your alarms based on RSI oversold and overbought levels: 1) Add indicator to the chart 2) Go to settings 3) Choose up to 8 different symbols to get alert notification 4) Choose up to 4 different timeframes 5) Set overbought and oversold levels 6) Once all is set go back to the chart and click on 3 dots to set alert in this indicator, rename your alert and confirm 7) You can remove indicator after alert is set and it'll keep working as expected What is does: This indicator will generate alerts based on symbols, timeframes and RSI levels settings. It will consider overbought and oversold levels to alert in each symbol and each timeframe selected. Once these levels are achieved it will send an alert with the following information: - Symbol name (BTC, ETH, LTC) - Specific RSI level achieved (e.g: RSI 30, RSI 70 or any custom level) - Timeframe (e.g: 5m, 1h, 1D) - Current symbol price This script will request RSI OB/OS information through request.security() function from all different symbols and timeframes settings. It also requests symbols' price (close). Due to Tradingview limitation (40 requests calls) it can only request information for 8 symbols for this script (8 symbols X 4 timeframes = 32 + 8 symbols' price (close) = 40) Standard symbols are Binance USDT-M Futures but you can choose any symbol from Tradingview. Standard timeframes are 5m|15m|1h|4h but you can choose from a list. Standard overbought and oversold levels are 70 and 30 but you can change it to other integer values. Feel free to give feedbacks on comments section below. Enjoy!
Pine Script™ indicator
by fabianomiu
26
RSI MTF Ob+OsHello Traders, This indicator use the same concept as my previous indicator "CCI MTF Ob+Os". It is a simple "Relative Strength Index" ( RSI ) indicator with multi-timeframe (MTF) overbought and oversold level. It can detect overbought and oversold level up to 5 timeframes, which help traders spot potential reversal point more easily. There are options to select 1-5 timeframes to detect overbought and oversold. Aqua Background is "Oversold" , looking for "Long". Orange Background is "Overbought" , looking for "Short". Have fun :)
Pine Script™ indicator
by BacktestTerminal
9
Multi-Function RSI(MTF, divergence, signal and alert)Japanese below / 日本語説明は下記 Overview Multi-function RSI indicator with functions below. 1.MTF with display timeframe control 2.Auto divergence drawing incl. hidden divergence 3.Signal when RSI crosses over upper band/crosses under lower band 4.Color background when MTF RSI crosses over/under lower band 5.Alert when RSI crosses over upper band/crosses under lower bands Please see the details below. Functions: 1.MTF with display timeframe control You can display daily, 4hour or 1 hour RSI or all of them as upper timeframe MTF RSI. How is it different from other MTF indicators? Problems with other MTF RSI indicators are; -If you set higher timeframe RSI, it will also be shown on further higher timeframes. i.e. If you set 4hour chart’s RSI on 1 hour or lower time frame charts, it will also appear on daily and weekly chart, which is not necessary. To tackle these problems, this indicator has incorporated functions below. -To show MTF RSI on timeframe lower than the upper timeframe you set as MTF timeframe. For example, if you select daily timeframe for MTF RSI , the RSI will be shown only on 4 hour or lower timeframes(1H, 30M, 15M, 5M, 1M). Left: 4hour chart, Middle: Daily chart, Right: Weekly chart If you look at 4hour chart, daily chart’s RSI is shown(pale blue and orange) but weekly chart does not show daily chart’s RSI. 2.Auto divergence drawing incl. hidden divergence Regular divergence line and hidden divergence line will be automatically drawn for current timeframe RSI as per the logic below. Bearish : When two consecutive pivot highs go up but RSI values corresponding to each high go down. Bullish: When two consecutive pivot lows go down but RSI values corresponding to each low go up. Pivot highs(lows) are identified when those are preceded by n lower highs(lows) and proceeded by n lower highs(lows). * n is parameterized. See the diagram below. Bearish : When two consecutive pivot highs go down but RSI values corresponding to each highs go up. Bullish : When two consecutive pivot lows go up but RSI values corresponding to each low go down. 3.Signal when RSI crossing upper/lower bands Signal will be shown when; -RSI(current timeframe) crosses over upper band -RSI(current timeframe) crosses under lower band Example: Purple triangle is signals. 4.Color background when MTF RSI crosses over/under lower band Background color can be applied when MTF RSI crosses over upper band/under lower band. Example: Pale purple is daily RSI on 4 hour chart. Background color applied while daily RSI is outside upper/lower bands. 5.Alert when RSI crosses over upper band/under lower band Alert can be set when; -RSI crosses over upper band -RSI crosses under lower band How to use this indicator? This indicator is paid indicator and invited-only indicator. Please contact me via private chat or follow links in my signature so that I can grant the access right to the indicator. Comment section is only for comments on the indicator or updates. Please refrain from contacting me using comments to follow TradingView house rules. ——————————————————————————————————————— 多機能RSIインジケーターです。以下の機能が搭載されています。 1.マルチタイムフレーム機能(表示時間足制御機能付き) 2.ダイバージェンス自動描画機能(ヒドゥンダイバージェンス対応) 3.RSIがアッパーバンド、ロワーバンドとクロスした時にシグナル表示 4.上位足RSI(MTF RSI)がアッパーバンドより上にある時、ロワーバンドより下にある時に背景をハイライト 5.RSIがアッパーバンド、ロワーバンドとクロスした時にアラート設定 機能詳細は以下の通りです。 機能詳細 1.マルチタイムフレーム機能(表示時間足制御機能付き) 日足、4時間足、1時間足のいずれか、もしくは全てをRSIをマルチタイムフレームRSIとして表示することができます。(不要な場合は非表示可能) 他のマルチタイムフレームRSIとの違い 他のマルチタイムフレームRSIのインジケーターでは、以下の問題に直面します。 ・上位足のRSIを表示すると、さらに上位足でもそのRSIが表示され見にくくなる。 例: 4時間足のRSIを下位足で表示可能な様に設定すると、日足や週足でも表示され、チャートが見にくくなる。 この問題に対して、このインジケーターでは、 ・上位足のRSIを表示する時間軸を制御することで上位足で不必要な情報を表示させない。 という機能を加えることでこの問題を解決しています。 具体的には、マルチタイムフレーム用に選択した上位足のタイムフレームより小さいタイムフレームでのみ上位足のRSIが表示されるようになっています。 例えば、上位足として日足を選択した場合、日足のRSIは4時間足、1時間足、30分足、15分足、5分足、1分足にのみ表示されます。 <サンプルチャート> 左から4時間足、日足、週足です。 4時間足では日足のRSI(薄いパープルのライン)が表示されていますが、週足には表示されません。これはオシレーターが表示される時間軸を裏側のロジックで制御しているためです。 2.ダイバージェンス自動描画機能(ヒドゥンダイバージェンス対応) 以下のロジックに基づきダイバージェンスを自動描画します。(不要な場合は非表示可能) <通常のダイバージェンス> 下降示唆:2つの連続する高値(*)が切り上げられているが、 それぞれの高値に対応するRSIの値は切り下げている場合 上昇示唆:2つの連続する安値(*)が切り下がっているが、 それぞれの安値に対応するRSIの値は切り上がっている場合 *高値(安値)は、左右n本(**)ずつのローソク足の高値(安値)より高い(低い)高値(安値)をピボットハイ・ローとして算出しています。 ** nはユーザ設定値です。 <例: ダイバージェンス> 高値PH1はPH1のローソクの高値より左側にn個のより低い高値、右側にn個のより低い高値があった場合に高値として認識されます。 上記の例では高値がPH2>PH1と切り上がっていますが、対応するRSIの値はvalue2 下降継続示唆:2つの連続する高値(*)が切り下がっているが、 それぞれの高値に対応するRSIの値は切り上がっている場合 上昇継続示唆:2つの連続する安値(*)が切り上がっているが、 それぞれの安値に対応するRSIの値は切り下がっている場合 言うまでもないことですが、ダイバージェンスが出たから逆張り、などの安易な発想は避けるべきです。 環境認識の一つの要素として見るべき指標でしょう。 3.RSIがアッパーバンドを上抜いた時、ロワーバンドを下抜いた時にシグナル表示 アッパーバンド(初期値70)とロワーバンド(初期値30)の数値は変更可能です。 サンプルチャート: 4.上位足RSI(MTF RSI)がアッパーバンドより上にある時、ロワーバンドより下にある時に背景をハイライト サンプルチャート: 日足のRSI(薄いパープルのライン)がアッパーラインより上にある時に背景がグレーがかっています。 このように上位足のRSIの状況を視覚的に認識したい時に役立つでしょう。 日足RSIラインは非表示にすることができますので、背景色だけ表示しておいて、背景に色が付き、かつダイバージェンスも出たら反転を警戒といった状況判断が可能です。 5.RSIがアッパーバンド、ロワーバンドとクロスした時にアラート設定 アラートを設定したいタイムフレームを開いた状態で、アラート設定の画面を開き以下の条件を選択することができます。 ・RSIがアッパーバンドを上抜いた時 ・RSIがロワーバンドを下抜いた時 インジケーターの使用について 当インジケーターは招待制インジケーター(有料)となっています。 使用を希望される方はプライベートチャットや下記リンクのDMでご連絡ください。 このページのコメント欄はインジケーターそのものに対するコメントやアップデートの記載のためのものとなっております。Tradingviewのハウスルールを守るためにもコメント欄からの連絡はご遠慮ください。
Pine Script™ indicator
by FX365_Thailand
2