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Relative Strength Index (RSI)

TTP Breaking PointThis signal uses information from BITFINEX:BTCUSDLONGS and BITFINEX:BTCUSDSHORTS to forecast tops and bottoms. The idea behind is very simple. We calculate the RSI of the ratio of longs vs shorts and find areas where both the SMA of this RSI and the RSI itself are overextended. You might notice that the win rate is not high but most of the wins provide a decent move that, if combined with proper risk management, can be used to build profitable strategies. The signal offers a backtesting stream: 1 for buy and 2 for sell. Shortly I'll be adding new features including: alerts, support for other symbols, filters, etc.
Pine Script™ indicator
by TheTradingParrot
AlphaTrend - ScreenerScreener version of AlphaTrend indicator: BUY / LONG when AlphaTrend line crosses above its 2 bars offsetted line, and there would be a green filling between them SELL / SHORT when AlphaTrend line crosses below its 2 bars offsetted line, and filling would be red then. Default values: Coefficient: 1, which is the factor of the trailing ATR value Common Period: 14, which is the length of ATR MFI and RSI AlphaTrend default uses MFI in the calculation, and MFI (Money Flow Index) needs the volume data of the chart. If your chart doesn't have the volume data, please select the "Change Calculation" option to use RSI instead of MFI. Screener Panel: You can explore 20 different and user-defined tickers, which can be changed from the SETTINGS (shares, crypto, commodities...) on this screener version. The screener panel shows up right after the bars on the right side of the chart. Tickers seen in green are the ones that are in an uptrend, according to AlphaTrend. The ones that appear in red are those in the SELL signal, in a downtrend. The numbers in front of each Ticker indicate how many bars passed after the last BUY or SELL signal of AlphaTrend. For example, according to the indicator, when BTCUSDT appears in (3) and in GREEN, Bitcoin switched to BUY signal 3 bars ago.
Pine Script™ indicator
by KivancOzbilgic
62
Multi-indicator by TonyMontanovThe indicator was made at the request of the subscriber of the "The trader sometimes answers" The indicator displays: 1. Anomalous spikes in volume (i.e. the value of the volume is greater than the moving average of the volume plus a few standard deviations 2. Crossing moving averages 3. Crossing the MRSI zero line The user can change the settings: 1. Types of moving average 2. Length sliding average 3. Number of volume standard deviations 4. Display mode 5. Index ticker
Pine Script™ indicator
by tonymontanov
Step RSI [Loxx]Enhanced Moving Average Calculation with Stepped Moving Average and the Advantages over Regular RSI Technical analysis plays a crucial role in understanding and predicting market trends. One popular indicator used by traders and analysts is the Relative Strength Index (RSI). However, an enhanced approach called Stepped Moving Average, in combination with the Slow RSI function, offers several advantages over regular RSI calculations. Stepped Moving Average and Moving Averages: The Stepped Moving Average function serves as a crucial component in the calculation of moving averages. Moving averages smooth out price data over a specific period to identify trends and potential trading signals. By employing the Stepped Moving Average function, traders can enhance the accuracy of moving averages and make more informed decisions. Stepped Moving Average takes two parameters: the current RSI value and a size parameter. It computes the next step in the moving average calculation by determining the upper and lower bounds of the moving average range. It accomplishes this by adjusting the values of smax and smin based on the given RSI and size. Furthermore, Stepped Moving Average introduces the concept of a trend variable. By comparing the previous trend value with the current RSI and the previous upper and lower bounds, it updates the trend accordingly. This feature enables traders to identify potential shifts in market sentiment and make timely adjustments to their trading strategies. Advantages over Regular RSI: Enhanced Range Boundaries: The inclusion of size parameters in Stepped Moving Average allows for more precise determination of the upper and lower bounds of the moving average range. This feature provides traders with a clearer understanding of the potential price levels that can influence market behavior. Consequently, it aids in setting more effective entry and exit points for trades. Improved Trend Identification: The trend variable in Stepped Moving Average helps traders identify changes in market trends more accurately. By considering the previous trend value and comparing it to the current RSI and previous bounds, Stepped Moving Average captures trend reversals with greater precision. This capability empowers traders to respond swiftly to market shifts and potentially capture more profitable trading opportunities. Smoother Moving Averages: Stepped Moving Average's ability to adjust the moving average range bounds based on trend changes and size parameters results in smoother moving averages. Regular RSI calculations may produce jagged or erratic results due to abrupt market movements. Stepped Moving Average mitigates this issue by dynamically adapting the range boundaries, thereby providing traders with more reliable and consistent moving average signals. Complementary Functionality with Slow RSI: Stepped Moving Average and Slow RSI function in harmony to provide a comprehensive trading analysis toolkit. While Stepped Moving Average refines the moving average calculation process, Slow RSI offers a more accurate representation of market strength. The combination of these two functions facilitates a deeper understanding of market dynamics and assists traders in making better-informed decisions. Extras -Alerts -Signals
Pine Script™ indicator
by loxx
1
RSI Divergences on price chart - Open Source CodeHello Traders, I have some exciting news to share with you all! Recently, I came across an incredible RSI divergences indicator developed by Socrate_FR. This indicator, in my opinion has an exceptional accuracy in detecting RSI divergences. However, during my exploration of other indicators in the TradingView library that display signals on the price chart, I found that many of them were often unreliable and missed out on important divergences.One such example is the Prices / RSI Divergences Detector by vtllr. Although vtllr did an amazing job with the indicator, I noticed that it didn't capture several relevant divergences accurately. This observation inspired me to enhance the most accurate RSI divergences indicator available by showcasing the signals directly on the price chart. By doing so, I aimed to address the issue of unreliable and missed divergences in other price chart indicators. With this enhanced version, you can now effortlessly identify and track RSI regular divergences on the price chart itself: -Regular bullish divergence occurs when the price forms lower lows while the RSI indicator forms higher lows. It suggests a potential bullish reversal (green line plot) -Regular bearish divergence occurs when the price forms higher highs while the RSI indicator forms lower highs. It suggests a potential bearish reversal (red line plot) Another key mofication: This Indicator introduces a simpler approach compared to the original Socrate indicator. While Socrate differentiated divergences into eight types for both bullish and bearish scenarios, our enhanced version focuses on two distinct categories: small and big divergences. This decision was made to provide a clearer and more user-friendly experience. By condensing the divergence types into two groups, traders can easily identify and analyze the significance of the divergences without getting overwhelmed by excessive variations. The small divergences represent relatively minor divergences, while the big divergences indicate stronger and more significant signals. -Small divergences represent relatively minor divergences (plotshape small circle) -Big divergences indicate stronger signals (plotshape big circle) I firmly believe that this enhanced RSI Divergences Indicator will be an invaluable tool for traders who rely on RSI analysis in their trading strategies. It combines the accuracy of Socrate_FR's original indicator with the enhanced visibility of signals on the price chart, ensuring you never miss any important divergences. If you're interested in trying out this enhanced version of the indicator, please feel free to access the open-source code. If you want to visit and try the original version of the code visit Socrate_FR profile. www.tradingview.com Keep attention! It is important to note that no trading indicator or strategy is foolproof, and there is always a risk of losses in trading. While this indicator may provide useful information for making conclusions, it should not be used as the sole basis for making trading decisions. Traders should always use proper risk management techniques and consider multiple factors when making trading decisions. Support us:) If you find this new indicator helpful in your trading analysis, I would greatly appreciate your support! Please consider to follow, giving it a like, leaving feedback, or sharing it with your trading network. Your engagement will not only help me improve this tool but will also help other traders discover it and benefit from its features. Thank you for your support!
Pine Script™ indicator
by Trading_Paradise
26
Market Cycle IndicatorThe Market Cycle Indicator is a tool that integrates the elements of RSI, Stochastic RSI, and Donchian Channels. It is designed to detect market cycles, enabling traders to enter and exit the market at the most opportune times. This indicator provides a unique perspective on the market, combining multiple strategies into one unified and weighted approach. By factoring in the inputs from each of these popular technical analysis methods, it offers a more holistic view of the market trends and cycles. Parameter Details: Donchian Channels (DCO): - donchianPeriod: Sets the period for the Donchian Channel calculation. Default is set to 14. - donchianSmoothing: Sets the smoothing factor for the Donchian Channel calculation. Default is set to 3. - donchianPrice: Selects the price type to be used in the Donchian Channel calculation. Default is set to the closing price. Relative Strength Index (RSI): - rsiPeriod: Sets the period for the RSI calculation. Default is set to 14. - rsiSmoothing: Sets the smoothing factor for the RSI calculation. Default is set to 3. - rsiPrice: Selects the price type to be used in the RSI calculation. Default is set to the closing price. Stochastic RSI (StochRSI): - srsiPeriod: Sets the period for the Stochastic RSI calculation. Default is set to 20. - srsiSmoothing: Sets the smoothing factor for the Stochastic RSI calculation. Default is set to 3. - srsiK: Sets the period for the %K line in the Stochastic RSI calculation. Default is set to 5. - srsiD: Sets the period for the %D line in the Stochastic RSI calculation. Default is set to 5. - srsiPrice: Selects the price type to be used in the Stochastic RSI calculation. Default is set to the closing price. Weights: - rsiWeight: Sets the weight for the RSI in the final aggregate calculation. Default is set to 1. - srsiWeight: Sets the weight for the Stochastic RSI in the final aggregate calculation. Default is set to 1. - dcoWeight: Sets the weight for the Donchian Channel in the final aggregate calculation. Default is set to 1. Limits: - limitHigh: Sets the upper limit for the indicator. Default is set to 80. - limitLow: Sets the lower limit for the indicator. Default is set to 20. By customizing these parameters, users can tweak the indicator to align with their own trading strategies and risk tolerance levels. Whether you're a novice or an experienced trader, the Comprehensive Market Cycle Indicator provides valuable insights into the market's behavior. Uses library HelperTA
Pine Script™ indicator
by leap-forward
2
RSI, SRSI, MACD and DMI cross - Open source codeHello, I'm a passionate trader who has spent years studying technical analysis and exploring different trading strategies. Through my research, I've come to realize that certain indicators are essential tools for conducting accurate market analysis and identifying profitable trading opportunities. In particular, I've found that the RSI, SRSI, MACD cross, and Di cross indicators are crucial for my trading success. Detailed explanation: The RSI is a momentum indicator that measures the strength of price movements. It is calculated by comparing the average of gains and losses over a certain period of time. In this indicator, the RSI is calculated based on the close price with a length of 14 periods. The Stochastic RSI is a combination of the Stochastic Oscillator and the RSI. It is used to identify overbought and oversold conditions of the market. In this indicator, the Stochastic RSI is calculated based on the RSI with a length of 14 periods. The MACD is a trend-following momentum indicator that shows the relationship between two moving averages of prices. It consists of two lines, the MACD line and the signal line, which are used to generate buy and sell signals. In this indicator, the MACD is calculated based on the close price with fast and slow lengths of 12 and 26 periods, respectively, and a signal length of 9 periods. The DMI is a trend-following indicator that measures the strength of directional movement in the market. It consists of three lines, the Positive Directional Indicator (+DI), the Negative Directional Indicator (-DI), and the Average Directional Index (ADX), which are used to generate buy and sell signals. In this indicator, the DMI is calculated with a length of 14 periods and an ADX smoothing of 14 periods. The indicator generates buy signals when certain conditions are met for each of these indicators. 1) For the RSI, a buy signal is generated when the RSI is below or equal to 35 and the Stochastic RSI %K is below or equal to 15, or when the RSI is below or equal to 28 the Stochastic RSI %K is below or equal to 15 or when the RSI is below or equal to 25 and the Stochastic RSI %K is below or equal to 10 or when the RSI is below or equal to 28. 2) For the MACD, a buy signal is generated when the MACD line is below 0, there is a change in the histogram from negative to positive, the MACD line and histogram are negative in the previous period, and the current histogram value is greater than 0. 3) For the DMI, a buy signal is generated when the Positive Directional Indicator (+DI) crosses above the Negative Directional Indicator (-DI), and the -DI is less than the +DI. The indicator generates sell signals when certain conditions are met for each of these indicators: 1) For the RSI, a sell signal is generated when the RSI is above or equal to 75 and the Stochastic RSI %K is above or equal to 85, or when the RSI is above or equal to 80 and the Stochastic RSI %K is above or equal to 85, or when the RSI is above or equal to 85 and the Stochastic RSI %K is above or equal to 90 or when the RSI is above or equal to 82. 2)For the MACD, a sell signal is generated when the MACD line is above 0, there is a change in the histogram from positive to negative, the MACD line and histogram are positive in the previous period, and the current histogram value is less than the previous histogram value. On the other hand, a buy signal is generated when the MACD line is below 0, there is a change in the histogram from negative to positive, the MACD line and histogram are negative in the previous period, and the current histogram value is greater than the previous histogram value. 3)For the DMI a bearish signal is generated when plusDI crosses above minusDI, indicating that bulls are losing strength and bears are taking control. The indicator uses a combination of these four indicators to generate potential buy and sell signals. The buy signals are generated when RSI and SRSI values are in oversold conditions, while sell signals are generated when RSI and SRSI values are in overbought conditions. The indicator also uses MACD crossovers and DMI crossovers to generate additional buy and sell signals. When a signal is strong? The use of multiple signals within a specific timeframe can increase the accuracy and reliability of the signals generated by this indicator. It is recommended to look for at least two signals within a range of 5-8 candles in order to increase the probability of a successful trade. Why it's original? 1) There is no indicator in the library that combine all of these indicators and give you a 360 view 2)The combination of the RSI, Stochastic RSI, MACD, and DMI indicators in a single script it's unique and not available in the libray. 3)The specific parameters and conditions used to calculate the signals may be unique and not found in other scripts or libraries. 4)The use of plotshape() to plot the signals as shapes on the chart may be unique compared to other scripts that simply plot lines or bars to indicate signals. 5)The use of alertcondition() to trigger alerts based on the signals may be unique compared to other scripts that do not have custom alert functionality. Keep attention! It is important to note that no trading indicator or strategy is foolproof, and there is always a risk of losses in trading. While this indicator may provide useful information for making conclusions, it should not be used as the sole basis for making trading decisions. Traders should always use proper risk management techniques and consider multiple factors when making trading decisions. Support me:) If you find this new indicator helpful in your trading analysis, I would greatly appreciate your support! Please consider giving it a like, leaving feedback, or sharing it with your trading network. Your engagement will not only help me improve this tool but will also help other traders discover it and benefit from its features. Thank you for your support!
Pine Script™ indicator
by Trading_Paradise
5
Rainbow Drift BetaRainbow Drift Beta is an indicator that detects the triggers of long and short positions at any TF. It's based on two different type of approaches to the EMAs periods: - Classic EMAs periods: 10 and 50 - Cycle EMAs perdios: 16, 64 and 256 The 256 period EMA (Annual Cycle) detects the trend: if the EMA 64 (Three-Weekly Cycle) is above, it shows an uptrend; while the EMA 64 is below, it means that the price action is in downtrend. 10 and 16 periods EMAs are working together as well as the 50 and the 64. The first couple reacts faster than the second one and as soon as the 10 is above the 16, the band shows the first attempt of the price action to go in the uptrend direction. The same concept is applied to the second couple (50, 64): when EMA 50 > EMA 64 it's a confirmation of the faster EMAs long direction. Viceverca happens for the downtrend but with the same concept. As the EMA periods taken in consideration are quite often a sensitive level of reaction of the price, the indicator detects when there is trigger of a long or a short set up and plots a label on the chart. It's possibile to set up an alert as well. Quite important, the indicator is looking for sideways patterns as the breakout of them shows a clear direction of the price. Moreover, in order to privide the first and the best entry possibile, the indicator has a function that is triggering only one time as the trend reverted: for example, a long entry on the EMA 10-16 happens only one time since they crossover the EMA 64. As included in the name, this is a beta version and new improvements will be added in the near future like suggested price entry, SL and TP, and the focus of the development is to avoid as much as possibile the false triggers. Of course the best way to improve the code is to receive the users' feedbacks, so please feel free to post your comments and questions.
Pine Script™ indicator
by math_rave
8
RSI MTF DashboardThis is an RSI dashboard, which allows you to see the current RSI value for five timeframes across up to 8 tickers of your choice. This is a useful tool to gauge momentum across multiple timeframes, where you would look to enter a buy with high RSI values across the timeframes (and vice versa for sell positions). Conversely, some traders use RSI to identify potential areas for reversals, so you would look to buy with low RSI values (and vice versa for sell positions). In the settings, please select which 5 timeframes you require. Then select which tickers you wish to see, and you will find a dashboard on your chart to show the RSI values. The dashboard can be highlighted when the RSI value shows bearish momentum (a value under 50, of your choice) and bullish momentum (a value over 50, again of your choice). These colours and values are fully customisable. In the settings you can also select the location of the dashboard, as well as some colour and transparency settings to enable the best possible view on screen.
Pine Script™ indicator
by cbryce23
3
RSI TrueLevel StrategyThis strategy is a momentum-based strategy that uses the Relative Strength Index (RSI) indicator and a TrueLevel envelope to generate trade signals. The strategy uses user-defined input parameters to calculate TrueLevel envelopes for 14 different lengths. The TrueLevel envelope is a volatility-based technical indicator that consists of upper and lower bands. The upper band is calculated by adding a multiple of the standard deviation to a linear regression line of the price data, while the lower band is calculated by subtracting a multiple of the standard deviation from the same regression line. The strategy generates long signals when the RSI crosses above the oversold level or when the price crosses above the selected lower band of the TrueLevel envelope. It generates short signals when the RSI crosses below the overbought level or when the price crosses below the selected upper band of the TrueLevel envelope. The strategy allows for long and short trades and sets the trade size as a percentage of the account equity. The colors of the bands and fills are also customizable through user-defined input parameters. In this strategy, the 12th TrueLevel band was chosen due to its ability to capture significant price movements while still providing a reasonable level of noise reduction. The strategy utilizes a total of 14 TrueLevel bands, each with varying lengths. The 12th band, with a length of 2646, strikes a balance between sensitivity to market changes and reducing false signals, making it a suitable choice for this strategy. RSI Parameters: In this strategy, the RSI overbought and oversold levels are set at 65 and 40, respectively. These values were chosen to filter out more noise in the market and focus on stronger trends. Traditional RSI overbought and oversold levels are set at 70 and 30, respectively. By raising the oversold level and lowering the overbought level, the strategy aims to identify more significant trend reversals and potential trade opportunities. Of course, the parameters can be adjusted to suit individual preferences.
Pine Script™ strategy
by Julien_Eche
2
KDJ-RSI Buy/Sell Signal ver. 1It is an indicator combining the RSI indicator and KDJ indicator. Buy signal will triggers when: RSI signal positioning below 25 J value crosses below 0 Sell signal will triggers when: RSI signal positioning above 85 J value crosses above 100 *********** Please take note that this indicator may be not accurate for every chart in the crypto market, but it is most appropriate to use it in BTC/USDT charts, mainly for 1h, 4h, and 1d candles. Not recommended to use it for 1m or 15m leverage trades, this indicator might be altered by FOMO sentiment.
Pine Script™ indicator
by leongziqi
1
Trend Angle Candle ColorIntroduction: As a trader, understanding the trend of the market is crucial for making informed decisions. One way to gain insight into the market trend is by using technical indicators, which are mathematical calculations that provide traders with valuable information about price action. In this post, we will explore a unique indicator called the "Trend Angle Candle Color" that not only identifies the trend but also visualizes it using color-coded candlesticks. We'll dive into the script, discuss its key components, and explain how you can benefit from using it in your trading strategy. Script Overview: The Trend Angle Candle Color Indicator is written in the Pine Script language for the TradingView platform. The indicator utilizes a combination of Exponential Moving Average (EMA), Average True Range (ATR), and Epanechnikov Kernel function to calculate the trend angle, which is then represented by color-coded candlesticks. The script offers several customizable inputs, such as the length of the lookback period, the scale (sensitivity), and the smoothing factor. Key Components of the Script: Inputs: Length: Determines the lookback period for calculating the trend. Scale: Adjusts the sensitivity of the indicator. Smoothing: Controls the degree of smoothing applied to the angle calculation. Smoothing Factor: Adjusts the weight of the Epanechnikov Kernel function. Functions: grad(src): A function that takes an input value and returns a corresponding color from a predefined gradient. ema(source): An Exponential Moving Average function that smoothens the price data. atan2(y, x) and degrees(float source): Functions that convert the slope into an angle in radians and then into degrees. epanechnikov_kernel(_src, _size, _h, _r): A function that applies the Epanechnikov Kernel smoothing method to the angle data. Calculations: ATR: Calculates the Average True Range using the EMA function. Slope: Determines the slope of the price change over the specified lookback period. Angle_rad: Converts the slope into an angle in radians. Degrees: Applies the Epanechnikov Kernel smoothing function to the angle data and scales it to a range between 0 to 100. Visualization: Colour: Assigns a color to each candlestick based on the calculated degree value using the grad() function. Barcolor(colour) and plotcandle(): Functions that display the color-coded candlesticks on the chart. Benefits of Using the Trend Angle Candle Color Indicator: Easy Visualization: The color-coded candlesticks provide a simple and intuitive way to understand the market trend direction and strength at a glance. Customizable Parameters: The customizable inputs allow traders to fine-tune the indicator to their preferred settings, suiting their trading style and strategy. Versatility: The Trend Angle Candle Color Indicator can be used across various timeframes and financial instruments, making it a valuable addition to any trader's toolkit. Conclusion: The Trend Angle Candle Color Indicator is a powerful tool that can enhance your trading strategy by providing a visual representation of the market trend. The unique combination of EMA, ATR, and Epanechnikov Kernel smoothing helps create a more accurate and easy-to-understand trend angle calculation. By incorporating this indicator into your trading analysis, you can gain better insight into market dynamics and make more informed trading decisions.
Pine Script™ indicator
by The_Peaceful_Lizard
4
Strategy Creator5 indicators. Backtesting available. Uses ADX, RSI, Stochastic, MACD, and crossing EMAs (1,2, or 3). This strategy creator allows you to turn on or off these indicators and adjust the parameters for each indicator. It allows you to make one trade at a time e.g the next trade doesn't open until the last one closes. (You are also able to enter how many trades in one direction you want for example if you want only 2 long trades in a row, then the strategy waits for the next short position without making anymore long trades. Once there are 2 short positions in a row, it waits for a long position). The code can be edited to for automated trading by editing the comment in the source code for the strategy parameters. This took many hours to finish. ENJOY.
Pine Script™ strategy
by jordanehall808
1
RSI Trending with DivergencesThis script uses the RSI and RSI divergences to mark signals where the rsi is both below/above the 50, below/above its moving average, and where the last regular or hidden divergence matches that state. The RSI is built into the indicator, so you don't need it in your bottom pane if you don't want it, I just put one there for illustrative purposes. Please note it will not print the same signal consecutively, as it is meant to show an overall direction, not the in and out fluctuations. I suggest using it in conjunction with some moving averages so you can ignore signals not in the trend.
Pine Script™ indicator
by risenone
1
RSI Exponential Smoothing (Expo)█ Background information The Relative Strength Index (RSI) and the Exponential Moving Average (EMA) are two popular indicators. Traders use these indicators to understand market trends and predict future price changes. However, traders often wonder which indicator is better: RSI or EMA. What if these indicators give similar results? To find out, we wanted to study the relationship between RSI and EMA. We focused on a hypothesis: when the RSI goes above 50, it might be similar to the price crossing above a certain length of EMA. Similarly, when the RSI goes below 50, it might be similar to the price crossing below a certain length of EMA. Our goal was simple: to figure out if there is any connection between RSI and EMA. Conclusion: Yes, it seems that there is a correlation between RSI and EMA, and this indicator clearly displays that relationship. Read more about the study here: █ Overview of the indicator The RSI Exponential Smoothing indicator displays RSI levels with clear overbought and oversold zones, shown as easy-to-understand moving averages, and the RSI 50 line as an EMA. Another excellent feature is the added FIB levels. To activate, open the settings and click on "FIB Bands." These levels act as short-term support and resistance levels which can be used for scalping. █ Benefits of using this indicator instead of regular RSI The findings about the Relative Strength Index (RSI) and the Exponential Moving Average (EMA) highlight that both indicators are equally accurate (when it comes to crossings), meaning traders can choose either one without compromising accuracy. This empowers traders to pick the indicator that suits their personal preferences and trading style. █ How it works Crossings over/under the value of 50 The EMA line in the indicator acts as the corresponding 50 line in the RSI. When the RSI crosses the value 50 equals when Close crosses the EMA line. Bouncess from the value 50 In this example, we can see that the EMA line on the chart acts as support/resistance equals when RSI rejects the 50 level. Overbought and Oversold The indicator comes with overbought and oversold bands equal when RSI becomes overbought or oversold. █ How to use This visual representation helps traders to apply RSI strategies directly on the price chart, potentially making RSI trading easier for traders. ----------------- Disclaimer The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Pine Script™ indicator
by Zeiierman
17
Forex RadarForex Radar Indicator: A Powerful Tool for Analyzing Currency Strength and Weakness Introduction The Forex Radar Indicator is an innovative tool that provides a visual representation of the relative strength and weakness of various currencies in the Forex market. This indicator is designed to help traders identify potential trading opportunities by analyzing the performance of different currency pairs. In this blog post, we will explore the features and benefits of the Forex Radar Indicator, and explain how to use it effectively in your trading strategy. Features of the Forex Radar Indicator 1. Spider Plot Visualization The Forex Radar Indicator uses a spider plot to display the relative strength and weakness of various currencies. A spider plot is a graphical representation of multivariate data, in which each variable is plotted on a separate axis that radiates from the center of the plot. The data points are connected by lines, forming a web-like pattern that makes it easy to compare the performance of different currencies. 2. Customizable Color Scheme The Forex Radar Indicator allows users to customize the color scheme for each currency, making it easy to identify individual currencies on the spider plot. This feature can be particularly helpful for traders who prefer specific colors for each currency, or who want to use a color scheme that matches their trading platform or charting tools. 3. EMA Divergence and RSI Style Selection The Forex Radar Indicator offers users the flexibility to choose between two different styles: EMA divergence and RSI. The EMA divergence style displays the difference between a short-term and long-term exponential moving average, while the RSI style shows the relative strength index of the currency pairs. By selecting the preferred style, traders can customize the indicator to suit their specific trading style and strategy. 4. Flexible Input Parameters The Forex Radar Indicator offers flexible input parameters, allowing users to customize the indicator according to their trading preferences. These parameters include the length of the moving average, the filter value for the moving average, and the normalization length. By adjusting these parameters, traders can fine-tune the indicator to suit their specific trading style and strategy. Using the Forex Radar Indicator in Your Trading Strategy The Forex Radar Indicator can be a valuable tool in any trading strategy, as it provides a visual representation of the currency strength and weakness. Here are some tips on how to use the Forex Radar Indicator effectively in your trading: 1. Identify Currency Strength and Weakness The main purpose of the Forex Radar Indicator is to help traders identify the strength and weakness of various currencies. By analyzing the spider plot, traders can quickly determine which currencies are performing well and which are underperforming. This information can be used to identify potential trading opportunities, as traders can focus on currency pairs that feature a strong currency against a weak one. 2. Choose Between EMA Divergence and RSI Style Depending on your trading style and strategy, you can choose between the EMA divergence and RSI style options provided by the Forex Radar Indicator. Both styles offer valuable insights into currency strength and weakness, but they may highlight different aspects of the market. By selecting the style that best aligns with your trading approach, you can maximize the effectiveness of the indicator in your trading strategy. 3. Combine with Other Technical Analysis Tools While the Forex Radar Indicator provides valuable insights into currency strength and weakness, it is important to remember that no single indicator can provide a complete picture of the market. To improve the accuracy and effectiveness of your trading strategy, consider combining the Forex Radar Indicator with other technical analysis tools, such as trend lines, support and resistance levels, and other indicators. Conclusion The Forex Radar Indicator is a powerful tool that can help traders gain a better understanding of the relative strength and weakness of various currencies in the Forex market. By incorporating the Forex Radar Indicator into your trading strategy, you can quickly identify potential trading opportunities and make more informed trading decisions. With its customizable color scheme, EMA divergence and RSI style options, and flexible input parameters, the Forex Radar Indicator is a versatile tool that can be adapted to suit any trading style or strategy.
Pine Script™ indicator
by The_Peaceful_Lizard
JS-TechTrading: Supertrend-Strategy_Basic versionAre you looking for a reliable and profitable algorithmic trading strategy for TradingView? If so, you might be interested in our Supertrend basic strategy, which is based on three powerful indicators: Supertrend (ATR), RSI and EMA. Supertrend is a trend-following indicator that helps you identify the direction and strength of the market. It also gives you clear signals for entry and exit points based on price movements. RSI is a momentum indicator that measures the speed and change of price movements. It helps you filter out false signals and avoid overbought or oversold conditions. EMA is a moving average indicator that smooths out price fluctuations and shows you the long-term trend of the market. It helps you confirm the validity of your trades and avoid trading against the trend. Our Supertrend basic strategy combines these three indicators to give you a simple yet effective way to trade any market. Here's how it works: - For long trades, you enter when the price is above Supertrend and pulls back below it (the low of the candle crosses Supertrend) and then rebounds above it (the high of the next candle goes above the pullback candle). You exit when the price closes below Supertrend or when you reach your target profit or stop loss. - For short trades, you enter when the price is below Supertrend and pulls back above it (the high of the candle crosses Supertrend) and then drops below it (the low of the next candle goes below the pullback candle). You exit when the price closes above Supertrend or when you reach your target profit or stop loss. - You can also use RSI and EMA filters to improve your results. For long trades, you only enter if RSI is above 50 and price is above 200 EMA. For short trades, you only enter if RSI is below 50 and price is below 200 EMA. - You can set your stop loss and target profit as a percentage of your entry price or based on other criteria. You can also adjust the parameters of each indicator according to your preferences and risk tolerance. Our Supertrend basic strategy is easy to use and has been tested on various markets and time frames. It can help you capture consistent profits while minimizing your losses.
Pine Script™ strategy
by JS_TechTrading
1
EMA bridge and dashboard with color coding. Summary: This is a custom moving average indicator script that calculates and plots different Exponential Moving Averages (EMAs) based on user-defined input values. The script also displays MACD and RSI, and provides a table that displays the current trend of the market in a color-coded format. Explanation: - The script starts by defining the name of the indicator and the different inputs that the user can customize. - The inputs include bridge values for three different EMAs (high, close, and low), and four other EMAs (5, 50, 100, and 200). - The script assigns values to these inputs using the `ta.ema()` function. - Additionally, the script calculates EMAs for higher timeframes (3m, 5m, 15m, and 30m). - The script then plots the EMAs on the chart using different colors and line widths. - The script defines conditions for going long or short based on the crossover of two EMAs. - It plots triangles above or below bars to indicate the crossover events. - The script also calculates and displays the RSI and MACD of the asset. - Finally, the script creates a table that displays the current trend of the market in a color-coded format. The table can be positioned on the top, middle, or bottom of the chart and on the left, center, or right side of the chart. Parameters: - i_ema_h: Bridge value for high EMA (default=34) - i_ema_c: Bridge value for close EMA (default=34) - i_ema_l: Bridge value for low EMA (default=34) - i_ema_5: Value for 5-period EMA (default=5) - i_ema_50: Value for 50-period EMA (default=50) - i_ema_100: Value for 100-period EMA (default=100) - i_ema_200: Value for 200-period EMA (default=200) - i_f_ema: Value for fast EMA used in MACD calculation (default=9) - i_s_ema: Value for slow EMA used in MACD calculation (default=21) - fastInput: Value for fast length used in MACD calculation (default=7) - slowInput: Value for slow length used in MACD calculation (default=14) - tableYposInput: Vertical position of the table (options: top, middle, bottom; default=middle) - tableXposInput: Horizontal position of the table (options: left, center, right; default=right) - bullColorInput: Color of the table cell for a bullish trend (default=green) - bearColorInput: Color of the table cell for a bearish trend (default=red) - neutColorInput: Color of the table cell for a neutral trend (default=white) - neutColorLabelInput: Color of the label for neutral trend in the table (default=fuchsia) Usage: To use this script, simply copy and paste it into the Pine Editor on TradingView. You can then customize the input values to your liking or leave them at their default values. Once you have added the script to your chart, you can view the EMAs, MACD, RSI, and trend table on the chart. The trend table provides a quick way to assess the current trend of the market at a glance.
Pine Script™ indicator
by sobiswas
1
Dynamic Stop Loss DemoWhat does this script do ? This script is for pine script programmers and explains how to implement a dynamic stop-loss strategy. It is different from trailing stop-loss. Trailing stop-loss can only set the retracement value, but this script can take profit on part of the position at a fixed price and allows users to decide whether to take profit on all positions based on whether a certain track is breached or other conditions author want. In this demo, it use rsi crossover and crossunder to decide the strategy condition, and use close price as open price, and use lowest low / highest high as stop price, and use 1.5 risk ratio to calculate the fixed first profit price. It will take 50% position size when the first profit price was reached. Then it will close all rest positions when the inverse condition come out or the dynamic stop(calculated by ATR) breached or when the price back to the open price or the stop price. How is this script implemented When start strategy by strategy.entry , it gives a custom id which contains direction, openPrice, stopPrice, profitPrice, qty, etc. It can be get from the global variable strategy.posiition_entry_name .
Pine Script™ strategy
by Tindtily
1
RDX Relative Directional IndexRDX Relative Directional Index, Strength + Direction + Trend. This indicator is the combination of RSI and DMI or ADX. RDX aims at providing Relative direction of the price along with strength of the trend. This acts as both RSI and Average Directional Index. as the strength grows the RSI line becomes wider and when there is high volatility and market fluctuation the line becomes thinner. Color decides the Direction. This indicator provides sideways detection of RSI signal. RDX Width: This determines the strength of RSI and Strength of ADX, The strength grows RDX band grows wider, as strength decreases band shrinks and merge into the RSI line. for exact working simply disable RSI plot on the indicator. when there is no strength the RSI vanishes.. Technical: RSI : with default 14 period ADX : Default 14 period RDX=RSI+(ADX-20)/5 Color Code: Red: Down Direction Green: Up Direction Sideways: A rectangular channel is plotted on RSI 50 Level Oversold Overbought: Oversold and Overbought Levels are plotted for normal RSI Oversold and Overbought detection. Buy/Sell: Buy sell signals from ADX crossover are plotted and its easy to determine Strength + Direction + Trend in one go Hope the community likes this... Contibute for more ideas and indicators..
Pine Script™ indicator
by traderharikrishna
3
RSI-ROC Momentum AlertThis is the RSI-ROC Momentum Alert trading indicator, designed to help traders identify potential buy and sell signals based on the momentum of price movements. The indicator is based on two technical indicators: the Rate of Change (ROC) and the Relative Strength Index (RSI). The ROC measures the speed of price changes over a given period, while the RSI measures the strength of price movements. By combining these two indicators, this trading indicator aims to provide a comprehensive view of the market momentum. An RSI below its oversold level, which shows as a green background, in addition to a ROC crossing above its moving average (turns green) signals a buying opportunity. An RSI above its overbought level, which shows as a red background, in addition to a ROC crossing below its moving average (turns red) signals a selling opportunity. Traders can use this indicator to identify potential momentum shifts and adjust their trading strategies accordingly. The ROC component of the indicator uses a user-defined length parameter to calculate the ROC and a simple moving average (SMA) of the ROC. The color of the ROC line changes to green when it is above the ROC SMA and to red when it is below the ROC SMA. The ROC SMA color changes whether it's above or below a value of 0. The RSI component of the indicator uses a user-defined length parameter to calculate the RSI, and user-defined RSI Low and RSI High values to identify potential buy and sell signals. When the RSI falls below the RSI Low value, a green background color is applied to the chart to indicate a potential buy signal. Conversely, when the RSI rises above the RSI High value, a red background color is applied to the chart to indicate a potential sell signal. This indicator is intended to be used on any time frame and any asset, and can be customized at will.
Pine Script™ indicator
by jumpr
1