INVITE-ONLY SCRIPT
מעודכן

Strength Index I2-SI

656
Idea:
Enhance the Stoch RSI with DMI to get the visualization of the strength movement.

Concept:
(Note that we take the close to get the closing price).
-Combination of 2 Stoch RSI (using value K): 1 is UP, 1 is DOWN (these settings have been customized).
-Every time they cross, it calculates the direction of 3 nearly previous crossings to get the color of the current line.
-The value has been re-calculated with the processed value from ADX and DI- (That's why it can be more than 100 or -100 in some cases).
-RSI Overbuy and oversell are removed because the value could be beyond it.

How it works:
1. The line is show as the strength index of bars
- Green means the up strength is strong.
- Red means the down strength is strong.
- Gray means the previous strength is getting week.
2. This one can be used to find divergence.
3. This indicator provides a warning signal when the color of the line changes:
- Change color:
+Turn red: "Down Red"
+Turn green: "Up Green"
+Turn gray: "Down Gray"/"Up Gray"

Suitable time frames:
15m, 4h, 1D, 1W

* Please note that this logic does not attempt to predict future prices or 100% accurate signal.
(INVITE ONLY indicator. Please direct message or visit website if you want to try it out)
Hope you guys enjoy!

Examples:
BTCUSD 1D
תמונת-בזק

XAUUSD 4H
תמונת-בזק

EURUSD 1H
תמונת-בזק

SPX 15m
תמונת-בזק
הערות שחרור
Fixing some bug about line color change.
הערות שחרור
Separate into many terms possible to:
1. Draw bias.
תמונת-בזק

2. Detect divergence.
תמונת-בזק
הערות שחרור
Upgrade to V6

כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.