Relative Strength Index (RSI)
Relative Strength Index; expertHow to use
Uptrend
Buy or Long on dip when RSI>50 or similar, RSI>Signal line and Divergence.
Downtrend
Short on dip(for a downtrend) when RSI<50 or similar, RSI<Signal line and Divergence(for a downtrend).
And you can use RSI to see if the trend has been braked yet. By drawing trend lines on RSI.
Sorry, I'm not good at English. But I am studying to be able to communicate better.
Good luck :)
Firstssk,
MACD Signal with RSI Indicating StrategyThis strategy looks for MACD signal crossover and RSI confirmation of oversold/overbought condition.
Tune to your crypto/stock for best results using the strategy and sent an alert. Currently set up to use 25% of equity at each buy signal and will sell 1/3 of position at each sell signal. Initial investment is $1000, but adjust as necessary.
Currently tuned to DOGEUSD on 30min chart.
If you like/use/profit, follow me or shoot me a donation. If you are looking for a script design, I can help.
Multiple RSI LengthsThis script will allow users to view Multiple RSI timeframes in one indicator (up to 4). This can be useful for viewing RSI Convergences/Divergences and extremely long timeframes like 250 days can provide context to market strength over long positions.
Momentum Trading Strategy (Weekly Chart)The strategy will open position when there is momentum in the stock
The strategy will ride up your stop loss based on the super trend.
The strategy will close your operation when the market price crossed the stop loss.
The strategy will close operation when the line based on the volatility will crossed
HARSI - HeikinAshi RSI (with Bollinger Bands)This is my first published script. I hope it might be useful!
This is a modified RSI that attempts to give smoother values. It takes 4 different input lengths and plots them in a similar way as Heikin-Ashi candles does.
It can be used in the same way as a regular RSI.
It also includes Bollinger Bands that might help identify overbought/oversold situations.
The script uses a slightly modified Allanster's 'Heikin Ashi source function' (many thanks for that very useful script!).
MultiPrice AlertThis is an alert script using Pinescript version 4. This enables one to set 5 alerts (1 StopLoss, 4 Targets), on 3 different symbols, at using a single alert in the UI.
Every visible line will only appear on the symbols that are selected. After setting targets when making an alert, select this indicator as a condition. Change the name to whatever you want, usually the names of the set of tickers.
The Alert message is dyanmic showing which Symbol with each type of alert, at whatever price.
Ability to disable the targets + symbols.
Alerts work by Stop Loss crossing under price and Targets Cross Over. Enabling the "Short" Targets reverses this.
The line that is being displayed is actually the price of the asset being moved over x number of bars. I have not found a way to plot a traditional horizontal line, as the code for it uses a fixed price.
As it being a user input, it is a variable. Any help with this would be appreicated.
Alerts are set to once per bar.
Known bug that sometimes if the prices that you set are inside the current candle stick, then your alert will immeaditally fire, either change the timeframe or let it fire and wait fo
After a target is hit, I reccomend setting the alert to 0 and REMAKING the alert. You MUST REMAKE THE ALERT AFTER ANY CHANGES. This script WILL NOT CHANGE ALERTS AS YOU CHANGE SETTINGS.
TradingView Alerts are not this smart , at least I haven't found a way to do this yet.
Multiple Timeframe RSI with 2 MA by GodtrixHi guys, how ya doing!
I know sometimes you'll need multiple timeframe RSI to study your chart, so do I, therefore I'll share my multi RSI tool for you.
There are total 3 RSI for you to use, you can turn each ON or OFF
I've added more colored value lines for your better view
Also provided a choice for smooth line or step line where there's no gap for higher timeframe RSI on a smaller timeframe chart
MA (SMA) is provided for smoother, less noise lines
Indicator Tips:
Bullish - When it is above 50, this is where you might want to decide whether to close your short order or new short order at top
Bearish - When it is below 50, this is where you might want to decide whether to close your long order or new long order at low
RMIRMI is a combination of RSI and MFI oscillators which considers money flow and strength of supply or demand together.
It estimates that the money of which side is being ran out.
So the power of trends can be predictable approximately.
Where the green columns appear, it means demand is very high and it can fall because buyers may withdraw and sell their assets.
And when red columns appear, it means supply is very high and sellers or new buyers may enter into new deals which may increase the price of a asset.
I would be glad if I hear your feedbacks.
Bollinger Band + RSI + ADX + MACD + HeikinashiThis script takes into picture Bollinger Bands, RSI with a comparator value, ADX with a comparator value, and MACD with Heikinashi Direction
THIS IS A LONG-ONLY STRATEGY. SHORT TRADES ARE NOT INCLUDED
Strategy:
The Strategy takes a trade only after ALL the following conditions are met.
Candle low is lower than the Bollinger Lower band
RSI is higher than the comparator value
ADX is higher than the comparator value
MACD value is higher than the Signal value
Stop Loss : Max of (Low of the candle - 0.22% and Close of the candle - 0.32%) - FYI, because its max, it's lower of the 2 and your risk is lesser
Target : Max of (Bollinger Band Upper band and 0.75% of the value of underlying) - FYI, it takes the maximum available
RSI Over EMA Trend SniperThis is an indicator that uses horizontal EMA lines with a RSI line on top of it to provide optimal entry and exit positions for trading crypto.
How to use:
If the Aqua(RSI) line passes upwards on the red heading to the white - it's heading towards a good BUY signal. To be safe you wait until it passes above the white line, then BUY LONG. Another signal to buy long is when the Aqua line passes above the white and green lines.
Selling is essentially the opposite, if the Aqua line is passing down from the green or white lines, then it's time to sell and exit your trade.
This indicator works well as a confirmation, and it's nice to have multiple confirmations, so it's suggested you use this with other indicators that can provide entry and exit confirmations.
Momentum Trader + Trinity LinesThis is an updated version of the 'Momentum Trader' by user ProfitProgrammers + the 'Bollinger Bands %b & RSI & Stochastic Smoothed Indicator & Alert' by the user Zamboniman.
Links to those original scripts are below:
script/7S49kLWh-Bollinger-Bands-b-RSI-Stochastic-Smoothed-Indicator-Alert/
script/OMULR9es-Momentum-Trader/
The only real updates are so that it works on Version 4 of pinescript and some color and visual updates that makes these two scripts work well together. This must be used on normal candles and not HA or any other types or you can get misleading entry / exit points.
Here is some info about this indicator and the moving parts within it:
Chande Momentum Oscillator:
-Measures trend strength, with higher absolute values meaning greater strength.
-Also tracks divergence. When price increases, but is not accompanied by an increase in Chande Momentum Oscillator values, it signifies bearish divergence and a reversal is likely to follow.
-Shown as the teal and pink histogram.
Percentage Price Oscillator:
-Similar to the MACD , except that it expresses the difference between the two moving averages in terms of a percentage. This makes it a little easier to visualize.
-PPO values greater than zero indicate an uptrend, as that means the fast EMA is greater than the slow (and vice versa).
Trinity Lines:
-These 3 colored lines at the top are RSI + normalized Bollinger Band &b + normalized smoothed Stochastic.
-A confirmation entry for a long is when the lines are in the order from top to bottom of Green Yellow Red.
Entry and Exit Conditions:
Enter When:
1) Chande Momentum crosses over zero from negative to positive territory. AND
2) Chande Momentum is rising(positive slope). AND
3) Trinity lines are Green, Yellow, Red (Top to bottom)
Exit When:
1) Chande Momentum is greater than the upper line. AND
2) PPO has a negative slope. AND
3) Trinity lines are Red, Yellow, Green (Top to bottom)
[GJ]IFRSITHE INVERSE FISHER TRANSFORM STOCH RSI
HOW IT WORKS
This indicator uses the inverse fisher transform on the stoch RSI for clear buying and selling signals. The stoch rsi is used to limit it in the range of 0 and 100. We subtract 50 from this to get it into the range of -50 to +50 and multiply by .1 to get it in the range of -5 to +5. We then use the 9 period weighted MA to remove some "random" trade signals before we finally use the inverse fisher transform to get the output between -1 and +1
HOW TO USE
Buy when the indicator crosses over –0.5 or crosses over +0.5 if it has not previously crossed over –0.5.
Sell when the indicator crosses under +0.5 or crosses under –0.5 if it has not previously crossed under +0.5.
We can see multiple examples of good buy and sell signals from this indicator on the attached chart for QCOM. Let me know if you have any suggestions or thoughts!
TSI (Trend Strong Index) I use LazyBear's WT_cross indicator to confirm signal. I thing your should use this indicator with Divergence or Fibonacci to open order.
RSI Divergence (chiefwils0n)Greetings All,
This simple indicator is a stylistic modification of the original TradingView Divergence indicator. I've enhanced the following:
Styles
RSI will turn RED when overbought and CYAN when oversold. CYAN presents an LONG opportunity, while RED is where I look for SHORT entries.
Added background color to the the Oversold/Mid-Level and Overbought/Mid-Level. The idea is to go LONG when RSI is in the GREEN channel, and consider closing your position when RSI is the RED channel. Or, SHORT in the RED, and close your position in the GREEN.
Hidden Divergences are styled with muted colors. Maroon is Hidden Bearish and Dark Green is Hidden Bullish.
Regular Divergences have brighter labels with Red (Bearish) and Lime (Bullish). My logic is to bring attention to these divergences, since they are stronger than hidden divergences.
Alerts:
I also added the following alerts:
Bullish Divergence
Hidden Bullish Divergence
Bearish Divergence
Hidden Bearish Divergence
RSI Overbought
RSI Oversold'
The alerts really distinguish this script for me. I hope you enjoy.
Happy Trading!
Heikin Ashi RSI OscillatorIntroducing HARSI - the RSI based Heikin Ashi candle oscillator.
...that's right, you read it correctly. This is Heikin Ashi candles in an oscillator
format derived from RSI calculations, aimed at smoothing out some of the
inherent noise seen with standard RSI indicators.
Science!
We likes it we does.
Included plot options for standard RSI plot overlay, and a smoothed variant with
it's own seperate length from the candles, oh and histogram option, for reasons.
Articles and further reading:
investopedia.com - RSI
investopedia.com - Heikin Ashi
This is a REALTIME indicator, so any values used for conditions should use
history 1, or alternatively, alerts should be called using once-per-bar-close.
