RSI - S&P Sector ETFsThe script displays RSI of each S&P SPDR Sector ETF
XLB - Materials
XLC - Communications
XLE - Energy
XLF - Financials
XLI - Industrials
XLK - Technology
XLP - Consumer Staples
XLRE - Real Estate
XLU - Utilities
XLV - Healthcare
XLY - Consumer Discretionary
It is meant to identify changes in sector rotation, compare oversold/overbought signals of each sector, and/or any price momentum trading strategy applicable to a trader.
Rsibearishdivergence
RSI Scalping & Swing Signals With AlertsThis RSI indicator shows a green or red ribbon when the smoothed RSI is bullish or bearish. It also includes a long moving average for overall trend confirmation. Wait until the ribbon holds above or below the long moving average and take positions in that direction.
To get an easier to read RSI indicator, I smoothed the RSI out and paired it next to a short term RMA. These two together form the ribbon that will show you early reversals and trend direction. The long moving average is used as an overall trend detector and confirmation for longer term trends.
***HOW TO USE***
Scalping: Enter longs when the ribbon turns green and enter shorts when the ribbon turns red. Exit positions when the ribbon turns the opposite color or crosses the long moving average.
Swing Trading: When the ribbon holds above the long moving average or breaks out and retests it, look for long positions and exit when the ribbon turns red or crosses the long moving average. When the ribbon holds below the long moving average or breaks down and retests it, look for short positions and exit when the ribbon turns green or crosses the long moving average.
***DETAILS***
This indicator gives early reversal signals very well and waiting for the RSI ribbon to cross the long moving average helps to get you into positions when the market is ready to really move while filtering out some of the noise.
The ribbon and background will change to green or red depending on whether it is currently bullish or bearish.
There is also a label that changes colors and tells you if RSI is bullish or bearish and also whether the RSI ribbon is above or below the long moving average.
Green or red circles will appear on the indicator when there is a bullish or bearish cross of the RSI ribbon and the long moving average.
It also has alerts that trigger when RSI is turning bullish/bearish or when the RSI ribbon is crossing the long moving average.
***CUSTOMIZATION***
Each piece of this indicator can be customized to suit your preferences including the RSI source, length, smoothing length, short moving average length and long moving average length. You can also turn off the labels, signals and long moving average. All of these settings can be managed within the indicator settings input tab.
***MARKETS***
This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex.
***TIMEFRAMES***
This RSI Scalping & Swing Signals indicator can be used on all timeframes.
***TIPS***
Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are Trend Friend Scalp & Swing Trade Signals, Volume Spike Scanner, Buy & Sell Pressure Volume Profile, and Momentum Scalper in combination with this RSI indicator. They all have real time Bullish and Bearish labels as well so you can immediately understand each indicator's trend.
RSI Divergence Indicator (colorcoded and smoothed)This indicator uses a custom RSI algorithm which displays a modified RSI and stochastic RSI as a simple to read and color coded oscillator.
When RSI turns green it signals a bullish divergence and considers the asset as overbought.
When it turns red it signals a bearish divergence and considers the asset oversold.
Overbought levels at 80 and oversold levels at 20.
Displaying the RSI this way removes the hassle to manually spot for divergences in the chart.
Only use this indicator in confluence with other indicators to confirm an upcoming trend.
This indicator features alarms when the indicator turns green or red.
RSI w/ MAs & Divergences (Alert)This script fires off real-time RSI Divergence alerts.
To best use the RSI Divergence indicators, adjust the following settings accordingly.
• RSI Bullish Divergence Under: 20 – 45 (lower for larger volatility and more bearish markets)
• RSI Bearish Divergence Above: 55 – 80 (higher for larger volatility and more bullish markets)
Key Notes:
1. Set "Once Per Bar" instead of "Once Per Bar Close" alert.
The strategy already uses prior bar close (instead of current bar close) for calculation. This ensures that the signals will stay as they are after fired off, even when the current bar price is still changing.
2. It's OKAY to see the "alert may trigger differently than expected" warning.
Reason why you are seeing this warning is because we used a function called valuewhen() in our strategy. This function does not look at the entire history of data and has several limitations. For instance, on a 30min resolution, at the end of 2018, the function will be able to find past occurrences of BTC exceeding 16k. However, the function won't be able to find such occurrences at the end of 2019. Since our strategy is only concerned with very recent events, these limitations will not impact our results or cause repainting. You can find out more about this in the TradingView Wiki .
RSI w/ MAs & DivergencesTo best use the RSI Divergence indicators, adjust the following settings accordingly.
• RSI Bullish Divergence Under: 20 – 45 (lower for larger volatility and more bearish markets)
• RSI Bearish Divergence Above: 55 – 80 (higher for larger volatility and more bullish markets)
THIS SCRIPT DOES NOT REPAINT AND IS COMPLETELY FREE.