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Relative Strength Index (RSI)

RSI Moving Average CrossoversThis script is an improved version of the RSI indicator, using a moving average on the RSI itself, as well as two other moving averages used to determine the current trend. A small screener indicating the current movement is displayed in the bottom-left zone of the chart: trend (Bullish/Bearish/Uncertain) and status (Impulse or Correction) Trends are simply based on moving averages crossovers, coupled to the fact that the current candle closes above the fast MA in a bull trend, and under the fast MA in a bear trend. In other cases, the trend and the movement are considered as "Uncertain" by the indicator. Options Various types of moving averages for the RSI and trend MA Show/Hide crossovers between the RSI and its MA Color the RSI normal zone with the current trend/movement colors Show/Hide the screener indicating the current movement Defaults Parameters Fast MA 20 Slow MA 50 MA source: Close RSI Length 14 RSI MA: SMMA (RMA) RSI MA Length: 20 Don't hesitate to suggest any idea which could improve this indicator.
Pine Script™ indicator
by noop-noop
27
RSI Average Swing BotThis is a modified RSI version using as a source a big length(50 candles) and an average of all types of sources for candle calculations such as ohlc4, close, high, open, hlc3 and hl2. In this case we are going to use a 0-1 scale for an easier calculation, where 0.5 is going to be our middle point. Above 0.5 we consider a bullish possibility. Below 0.5 we consider a bearish possibility. I made a small example bot using that initial logic, together with 2 exit points for long or short positions. If there are any questions, let me know !
Pine Script™ strategy
by exlux
RSI Levels, Multi-TimeframeThe relative strength index (RSI) is a momentum indicator that measures the magnitude of recent price changes to evaluate overbought or oversold conditions. RSI is normally displayed as an oscillator separately from price and can have a reading from 0 to 100. This indicator takes the RSI and plots the 30 & 70 levels onto the price chart so you can see when price is going to meet the 30 or 70 levels. The reason the 30 & 70 levels are important is because many traders (and bots) use those as signals to buy (at 30 RSI) or sell (at 70 RSI). Additionally, this indicator allows you to display not just the RSI levels of your currently viewed timeframe on the chart, but also shows the RSI levels of up to 6 different timeframes on the same chart. This allows you to quickly see if multiple RSI levels are aligning across different timelines, which is an even stronger indication that price is going to change direction when it meets those levels on the chart. There are a lot of nice configuration options, like: Style customization (color, thickness, size) Labels on the chart so you can tell which plots are the RSI levels Optionally display the plot as a horizontal line if all you care about is the RSI level right now Toggle overbought (RSI 70) or oversold (RSI 30) on/off completely
Pine Script™ indicator
by jmosullivan
3
BTCUSDTPERP MEGABOT 60min [ALERTS VERSION]BINANCE:BTCUSDTPERP Hello, this is my alerts version of BTCUSDTPERP MEGABOT 60min THIS BOT IS ONLY FOR BTCUSDTPERP ON BINANCEFUTURES !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! This configs are only for this pair on this market, It depends of volume , and others indicator Bot is making amazing results at configs TP - 4.5% SL - 7% Strategy using 4 indicators : ADX RSI VOLUME MACD ADX - makes a solid view to trend without any scam wick : Long only on green bars Shorts only on red bars That's helps my strategy to define a right trend there is also a orange option for unidentified trends RSI - value helps strategy to stop trade in right time When RSI is overbought strategy don't open new longs also when RSI is oversold strategy don't open new shorts Volume - volume is the most important indicator for the strategy, to avoid open trades on flat chart, new trades are open after a strong volume wicks MACD - this indicator is for define the trend So the way this bot is working is simple when every arguments are confirmed , then strategy open trades Enjoy !!!
Pine Script™ indicator
by wielkieef
1
PYRAMIDING BTCUSDTPERP1H [ALERTS VERSION]BINANCE:BTCUSDTPERP Hello This my upgraded (ALERTs) version of my previous bots, uses diffrent indicators WARING THIS STRATEGY WORKS ONLY ON BTCUSDTPERP ON BINANCE 60MIN (like my previous ones) !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! - it depends on specyfic volume and wick based on binance Soo, I was tried to make a bot with more trades to make more real results. Trends are change, and the problem with configuration on bots is that, while we searching the best cofigurations , this was best configuration in the past, to prepare bot for the futures moves , we have to make as much trades as possible. This bot is pure definition of pyramiding, uses 2 entries, and when all the conditions are true, then will open a trades The way it works is simple, bot use 6 difrent indicators to open longs/shorts and for the define trend This specific configuration works the best at TP: 1.4% SL: 9% This is bot only for lev 1x Dont try it for bigger leverage, becouse when sl hits, which sometimes happend, the lost will be huge Why sl is so big? Bot is programed to replace sl with other entries for example close longs and open shorts normal lose is around 3-5% (while trend is changed), so sl will only destroys results this bot using 6 difrent indicators: ADX RSI VOLUME RANGE FILTER MA 5-10-30 MACD by KivancOzbilgic ADX - makes a solid view to trend without any scam wick : Long only on green bars Shorts only on red bars That's helps my strategy to define a right trend there is also a orange option for unidentified trends RSI - value helps strategy to stop trade in right time When RSI is overbought strategy don't open new longs also when RSI is oversold strategy don't open new shorts Volume - volume is the most important indicator for the strategy, to avoid open trades on flat chart, new trades are open after a strong volume wicks RANGE FILTER- this indicator is for the better view of trends, define trends MA 5-10-30 - like previous ones this is for better view of trends, and correctly define the trends MACD by KivancOzbilgic - this indicator is based of MACD RELOADED by Kivanc Ozbilgic Also like previous ones, indicator should help defined correct trends Enjoy ;)
Pine Script™ indicator
by wielkieef
1
MZ SRSI Strategy V1.0Strategy Introduction This strategy starts from selection of 1st Moving Average from one of following: SMA EMA DEMA TEMA LRC WMA MF VAMA TMA HMA JMA Kijun v2 EDSMA McGinley Then it calculates the RSI of selected 1st Moving Average In the end it calculates Moving Average of previously calculated RSI and for this purpose 2nd Moving Average is also selected from above list. Cross of RSI and its Moving Average generates Strategy Alerts Only long trades are enabled currently Default Settings I've set the default selection to the perfect options for 1D and 4h timeframes. You can modify both MAs selection and their length according to your selected timeframe. Following default settings are used: Heiken Ashi Candles are selected by default as source 1st Moving Average selection is set to LRC (Linear Regression Curve) Length of 1st Moving Average is set to 50 RSI length is set to 2 because it is supposed to be fast 2nd Moving Average of RSI is set to TMA (Triangular Moving Average) Length of 1st Moving Average is set to 5 Start date is set to 2011 Backtesting can also be done selecting %age of equity Suggestions for Usage Mostly winning trades have no prominent drawdown so losing trades can be abolished with Stoploss. Would soon add Stoploss, MTF and Takeprofit options in next version. Also if you want an alerts version of it then just comment below and would publish it later. I’ve found this strategy useful on 1D and 4h timeframes with described default settings.
Pine Script™ strategy
by MightyZinger
1
Relative Strength Index Leaderwhat will happen for the RSI if the price will increases or decreases by X percent ? This indicator takes your hands. For instance: You set Leader1 = 1 and Leader2 = -1 (by default), So this indicator shows you that if the price will increase 1% (Leader1) or decrease 1% (Leader2) How much the RSI will be? So you have 3 horns, One of them main RSI that shows the amount of RSI right now, and 2 others show what will happen for RSI if the price increase or decrease by X percent. if you need to contact me or new suggestions for improving send me an email: sydalifazel@gmail.com
Pine Script™ indicator
by Seyedalifazel
Fib RSI++ by [JohnnySnow]Fib RSI++ by is an RSI Inspired by my absolutely favorite RSI on tradingview: RSI & EMA with Reverse Calculator Panel by balipour. Built for quicker and easily identify prices at current RSI /possibly reversals/ RSI direction and RSI landings. From balipour, I reuse /adapt to pinescriptV5 3 lines of code ( ) - the balipour implementation for reversing RSI formula in order to calculate price estimation based on the Given RSI level. Credits to the author. Inspired by it, I also combine RSI with a MA but tuned to reads better the support/resistance levels (my humble opinion). For quicker price target identification 2 features were added: - Gridlines based on Fib levels, standard overbought/oversold levels and other levels I personally use. All of the grid lines can be configured according to user preferences. - 2 information tables: --First with a collection of 'close' numbers and Fib RSI levels price estimations at given RSI --The second table allows the user to add up to 3 custom RSI levels to further target the price estimation. Author UI Preferences to be used with this indicator: dark theme, hidden vertical and horizontal chart gridlines.
Pine Script™ indicator
by jmgneves
3
RSI + MA StrategyHello, everyone! We have just released an innovative strategy for TradingView. It allows you to facilitate the trading process when you have to use both indicators. This strategy is: User-friendly Configurable Equipped with the combination of Relative Strength Index (RSI) and Moving Average (MA) indicators Designed with all required functions to manage positions Features The RSI+MA strategy can: Identify entry points for Long and Short positions. Depict RSI and MA values concerning each other. Reduce visual congestion and import usability thanks to using a combo of 2 indicators. Allow using pivot trading. The RSI+MA strategy will enter a Long position according to the Short position conditions. And vice versa. Note! If you want to open a Long position, the RSI line should cross MA from top to bottom. If you want to open a Short position, RSI has to cross MA from bottom to top. Parameters We have equipped our strategy with more than 14 additional parameters. So, you can configure the EA according to your needs! Inputs : Use Reverse Trade — allows swapping Long and Short positions opening conditions. Resolution — allows you to view an indicator with data on a higher or lower timeframe on the current chart. RSI Length RSI Source: Open, High, Low, Close, HL2, HLC3, OHLC4 Show MA — allows you to enable or disable MA displaying. MA Length MA Offset Style: RSI — RSI indicator line color and style settings. MA — MA indicator line color and style configuration. Upper Band — allows customizing line style, color, and RSI upper bound value. Lower Band — allows you to customize line style, color, and RSI lower bound value. Background — background color setting within the RSI upper and lower borders. Precision — number of decimals for RSI values. Note! Try RSI+MA on your demo account first before going live.
Pine Script™ strategy
by The-4xdev-company
13
Multi Oscillators Price LevelsThis script draws price levels corresponding to the highest price reached in overbought situations, and the lowest price reached in oversold situations, depending on the oscillator and the timeframe the user has configured. These levels correspond, most of time, to good supports and resistances prices. Price levels drawings can be based on the following indicators: Stochastic RSI (default) Stochastic CCI RSI CCI You can customize this indicator with the following options: Source: The candle source to use in indicators calculation Source Indicator: The indicator on which you cant to base your levels Timeframe: The timeframe on which you want to apply the selected indicator, and calculate levels Show supports/resistances: enable/disable price levels, depending on there status (overbought - resistances) / (oversold - supports) Lines width: width of price levels. (set to 10 by default in order to draw "zones") Supports/Resistances source: Select the candle data you cant to use to draw supports and resistances levels Extend levels: Select the line extension for price levels Levels color: Select the desired color for price levels And of course , all parameters corresponding to the supported indicators (Stoch, RSI, CCI) Here are a few examples of different configurations: This script will probably be modified in the future, don't hesitate to suggest any improvement.
Pine Script™ indicator
by noop-noop
4
Donchian RSI BandsThis little mashup of mine is called the Donchian RSI Bands. It consists of two RSI's, a Donchian Channel, & Bollinger bands, which can all be turned on or off depending on your preferences. The main RSI is set to the 7 length and the second RSI is set to the default 14 length. When used together, they form an RSI cloud. The Bollinger Bands are set to the 35 length and use two sets of adjustable deviations to form the bands. The inner band is set to 0.25 deviation and the outside is set to 0.5. Generally, the Bollinger Bands deviation is set to 2 but for this idea, when the RSI is inside the Bollinger Bands, there's a higher possibility of chop. The stronger Bullish or Bearish trend will be when the main RSI is trending above or below the Bollinger Bands. The RSI color is Bullish when the RSI is above the Upper Bollinger Band, Neutral when the RSI is inside the Bands, and Bearish when the RSI is below the lower Bollinger Band. The wider you adjust the Outer Band Deviation, the wider the Neutral zone will be. The width of the Bollinger Band Basis can also be adjusted so you could widen it all the way out to the Bands which will form a fully shaded channel to avoid trading when the RSI is trending inside. The Donchian Channel is set to 70, which 2x the Bollinger Band length. I use it for longer term trends and possible trend reversals. There are 3 options for Barcoloring: RSI Bollinger Bands RSI Cloud & when the RSI is above/below the Donchian Channel Basis
Pine Script™ indicator
by DDMyke
2
RSI StrategySimple way how to use RSI and MA indicators for trading. What we use: • RSI • SMA calculated by RSI (title: SMA_RSI) • Delta of RSI and SMA_RSI (title: delta) • SMA calculated by delta of RSI and SMA & RSI (title: SMA_RSI2) Logic: Upon the fact that we use the difference between two indicators that have similar values ( RSI and SMA_RSI), we get number around zero. Next, result is smoothed by calculated the SMA . This is the blue/purple line that appears on the chart - SMA_RSI2. The trade open when SMA_RSI2 cross over the threshold. The trade close when SMA_RSI2 cross under the threshold below. Also, the usual EMA 200 is used as a filter, which you can switch on or switch off.
Pine Script™ strategy
by TradingAmmo
RSI Rising Crypto Trending AlertAlert version of the strategy with the same name This is crypto and stock market trending strategy designed for long timeframes such as 4h+ From my tests it looks like it works better to trade crypto against crypto than trading against fiat. Indicators used: RSI for rising/falling of the trend BB sidemarket ROC sidemarket Rules for entry For long: RSI values are rising, and bb and roc tells us we are not in a sidemarket For long: RSI values are falling, and bb and roc tells us we are not in a sidemarket Rules for exit We exit when we receive an opposite direction. Cuation: Because this strategy uses no risk management, I recommend you takje care with it. If you have any questions, let me know !
Pine Script™ indicator
by exlux
Advanced RSIThis is what I call the advanced RSI. It employs Bollinger bands on the RSI itself, in order to better highlight extremes that are still within the typical 30-70 range on. You'll notice some background highlights. These are simply to mark the extremes. Orange marks your standard overbought, Red marks oversold. Fuchsia marks an RSI outside the lower deviation on the Bollinger Bands. Green marks an RSI outside the upper deviation on the Bollinger bands. Typically while in an uptrend, the RSI dropping below the lower deviation indicates an entry point (fuchsia). The same applies for a downtrend with the RSI rising above the upper deviation (green). You can look at the overlap in colors as even stronger indications because on a more rare occasion you will have the RSI outside the upper/lower deviation as well as being outside the typical oversold/overbought levels. Any feedback is welcome! I try to employ contrasting colors, but they may not make sense to you so change them as you please - they are simply markers.
Pine Script™ indicator
by usablewifi
2
Adaptive Relative Strength (ARS by Premal Parekh)Dear All, This is my first public script modified to adapt the concept of Mr. Premal Parekh on Adaptive Relative Strength - ARS) The original Script is developed by modhelius. I have proved the version as per my requirement and included concept of ARS. This script will remove the manual calculation task which is required on daily basis to calculate number of sessions from ARS Date. Hope this script will be helpful. If yes, do hit like button and share with your friends. Ashish Kesarkar India
Pine Script™ indicator
by ashxos
9