I took a concept similar to the "Adaptive RSI" to get the RSI overlaid on a price chart. The problem I have with the Adaptive RSI is to me it sticks too closely to price. I wanted something much more visually helpful that can provide actual tradable signals and strategies. The orange line you are seeing is the "RSI Trend Line" The further the RSI moves away...
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any part of the script. Semoga Terhibur.
Simple breakout signal with POTENTIAL target price and stop loss / trailing stop. Cycle begin with green bar signal and will end if price break above target or break below stop loss. Volume test and pullback signal only appear within cycle period. Few example :
Horizontal line for previous daily, weekly or monthly high. By default : Green Label - previous 1 day high Yellow Label - previous 1 week high Red Label - previous 1 month high Each number and color can be change in setting.
Simple indicator for current price times current volume. Two default signal Green Bar with Blue Diamond - look for potential entry Red Bar with Black Diamond - look for potential sell Combine with Trendband Guide or Trendband Naked indicator for better result
Same concept as Trendband Guide script, but now, we can choose any combination of moving average that suite with our own trading style. Default setting : Input (candle base on your timeframe) Breakout Candle : 5 (highest) Breakdown Candle : 10 (lowest) Moving Average Line EMA : default EMA, uncheck for MA Fast Line : 10 Slow Line : 20 Direction :...
TrendBand Guide - simple way to analyse current chart trend. Basic of usage: 1. TrendBand Color Red : Chart in bullish condition Green : Chart in bearish condition Purple Line : Current trend direction Red Line : Long term trend direction 2. Candle Color Green Lime : Breakout 20 days high with more than average volume. Red : Oversold condition base on...