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Rsi_overbought

Sexy RSI for sexy tradersHello fellow sexy traders. I was tired of constantly having to add my own horizontals/MAs to the default RSI so I decided to make this modification. The default settings include channels from 40-80 (green horizontals) for a bullish range, and 20-60 (red horizontals) for the bearish range. Also includes white line at 50 level, and blue horizontals at extremes (90 and 10). If RSI stays in one of the red or green range that can signify the trend direction, as directed by Andrew Cardwell (inventor of the RSI). If you wish for other levels to be included, just let me know! Comment on here or dm me on twitter @boss_charts and I can add the settings for you, so all you have to do is click a button and it will set it to your desired config. I want this to be a tool that is useful for heavy traders to save them time. Additionally, in order to tell the level of the RSI and how overextended it might be, I added the setting for the RSI to change color depending on its level. Current settings are as follows: Normal RSI (30-70) = PURPLE Conventional Overbought/Oversold (30-20 + 70-80) = RED 1st extended (20-15 + 80-85) = PINK 2nd extended (15-10 + 85-90) = ORANGE VERY EXTENDED (<10 + >90) = YELLOW That way you can get an idea of how drastic a move is by the color alone. According to Dr. Cardwell, a drastic move to over/under extended can be a sign of strength. Finally, there are the default MAs added that Mr. Cardwell defines as useful for defining the trend. These being the 9 MA and 45 EMA/WMA. The strategy with these is to have the MAs on both price and RSI. If the 9MA is above the 45 MA on both price and RSI, then this is bullish and you can look for longs. Conversely, if the 9 is below the 45 on both RSI and price that is bearish, and you can look for shorts. I added the background color change for the points where the MAs cross each other, so you do not have to have the MAs fogging up your charts to know where they are relative to one another. This is similar to my MA cross indicator which contains the same functionality. Never financial advice. Backtest it for yourself and find MA configurations that work for you. Enjoy! Feel free to send feedback/requests whenever.
Pine Script™ indicator
by number_juan
Spiky Iguana Multi RSI Bands (Reverse RSI for the Price) by RRBSpiky Iguana Multi RSI Bands by RagingRocketBull 2018 Version 1.0 This indicator shows multiple RSI Bands with prices corresponding to specified overbought/oversold RSI levels. It is used to extrapolate the exact price levels currently matching a given set of RSI levels based on prior price/RSI levels action. You can think of it as a reverse RSI where RSI levels are moving dynamically around the price instead of price bouncing between straight lines. Features: - 6+6 = 12 customizable Overbought(R)/Oversold(S) RSI Levels + 6 Mean(M) lines - Multicolor levels/fill ranges - Show/Hide specific S/R/M levels and fill ranges 1. uses plot*, fill and is based on RSIBANDS_LB Good Luck! Feel free to explore and learn from the code
Pine Script™ indicator
by RagingRocketBull
9
RSI Swing SignalThis indicator is a tool designed to be used with Steven Hart's RSI Exhaustion strategy. For more information google TheTradingChannel or look him up on YouTube :) The default RSI settings for this strategy are: RSI Overbought: 80 RSI Oversold: 20 Length: 7 When the RSI gets above 80, the line will turn red and the script will begin looking for a specific type of engulfing candle to go short. The same is true when the RSI gets below 20, but the line will turn green and look for longs. It is best used as a back-testing aid, but it can also be used to send emails or SMS alerts whenever the conditions are met. It can also be used as an alternative colored RSI indicator by removing the signals in the settings menu and changing the RSI parameters to whatever you normally use. This can aid in RSI divergence and overbought/sold strategies. Entries: The bright green and bright red lines represent the first type of engulfing candle. The dark green and red lines represent the second type of engulfing candle. Some pairs perform best with only one of these entries, while others work fine with both. This is a counter-trend or consolidation strategy, and is best used in combination with trend-continuation or trend-following strategies. As always, make sure you back-test it before you use it to trade as it works better on some pairs than others.
Pine Script™ indicator
by ZenAndTheArtOfTrading
17
RSI buy/sell partitionsLook overbought and overbought to predict the time of the transaction. RSI overbought: - RSI = 21 to 30 (default configuration): The graph showing the letters 'Buy' and candles will have different colors. - RSI < 21 (default configuration): The graph showing the letters 'Buy' displays bold and the candles will have high light background colors. RSI oversold: - RSI = 70 to 79 (default configuration): The chart that shows the word 'sell' and the candlestick will have different colors. - RSI > 80 (default configuration): Display chart for 'Sell' displays bold and candles will have high light background colors.
Pine Script™ indicator
by NguyenDuyThanh
2
2xStochastic + RSI (two levels, colored)Great tool to find market tops, bottoms, S/R's and reversals. Rsi has 2 customiseble overbought and oversold levels can show you extreme levels. Slow Stochastic 1 (25 period) shows small price swings Slow stochastic 2 (100 period) can show you a greater picture, are we reversing? Why do you need Leguerre, Murrey, Kaufman oscilator 3000 when you can have old and trusted tool, that has been tweeked very nicely for any timeframe. I use it in a variety of ways, let me show you some examples: EXAMPLE 1 (RSI Extreme Level): 1) Find extreme oversold or overbought level that clearly reversed and plop S/R line there. BAM! We have a S/R line 2) Next time you know this line will mean something (Either it will hold, or it will be broken by a big candle) and you can trade it accordingly to Stochastic trading strategy EXAMPLE 2 (Fibonacci Level finder): Trading fibo? This can help! 1) Just like fibo trading, find good swing top and bottom 2) You know that price will reverse from 38.2, 50, 61.8, but where? I think this is self explanotory...
Pine Script™ indicator
by ColdHandz
RSI + StochasticRSI overbought and oversold histogram Just indicator combo of oldschool slow stochastic and rsi, just looking a little bit better for someone. Strategy is simple: 1) RSI is overbought or oversold (above 70, below 30)? 2) Stochastic line crosses its ema? 3) Stochastic and stochastic ema are in overbought = sell, oversold = buy. Works good in volitile stocks/pairs and suits for fast scalping timeframes 1m 5m 15m Strategy is old as the books, this is just a better visual for it.
Pine Script™ indicator
by ColdHandz
RSI+ Overbought/Sold IndicatorThis is a very simple script that plots signals on the chart whenever the RSI crosses the given threshold. Nothing fancy, but it is useful for deciding when to exit trades or prepare for pullbacks or for confirming that the market is currently in the middle of an extremely impulsive move or trend. It has alert functionality and you can set the overbought/sold thresholds and RSI length in the options menu. Note: I definitely wouldn't recommend using it to enter trades unless you're an experienced counter-trend trader :) Regards - Matt.
Pine Script™ indicator
by ZenAndTheArtOfTrading
9