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vn5ema
27 אוג׳ 2023 09:13

RSI Screener Multi Timeframe [5ema] 

Bitcoin / TetherUSBinance

תיאור

This indicator is the simple version of my indicator: RSI Screener and Divergence .
Only show table with values, signals at 5 custom timeframes.

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I reused some functions, made by (i believe that):
©paaax: The table position function.
@kingthies: The RSI divergence function.
@QuantNomad: The function calculated value and array screener for 40+ instruments.
I have commented in my code. Thanks so much!

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How it works:

1. Input :
  • Length of RSI => calculate RSI.
  • Upper/lower => checking RSI overbought/oversold.
  • Right bars / left bars => returns price of the pivot low & high point => checking divergence.
  • Range upper / lower bars => compare the low & high point => checking divergence.
  • Timeframe => request.security another time frame.
  • Table position => display screener table.


2. Input bool:
  • Regular Bearish divergence.
  • Hidden Bullish divergence .
  • Hidden Bearish divergence.


3. Basic calculated:
  • Make function for RSI , pivot low & high point of RSI and price.
  • Request.security that function for earch time frame.
  • Result RSI, Divergence.


4. Condition of signal:

Buy condition:
  • RSI oversold (1)
  • Bullish divergence (2).

=> Buy if (1) and (2), review buy (1) or (2).

Sell condition:
  • RSI overbought (3).
  • Bearish divergence (4).

=> Sell if (3) and (4), review sell (3) or (4).
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Table screener:
  • Time frame.
  • RSI (green - oversold, red - overbought)
  • Divergence (>> - regular bullish , << regular bearish , > - hidden bullish , < - hidden bearish ).
  • Signal (green ⦿ - Buy, red ⦿ - Sell, green 〇 - review buy, red 〇 - review sell).


- Regular Bearish divergence:


- Regular Bullish divergence:


- Regular Bullish divergence + RSI overSold


- Regular Bearish divergence + RSI overBought


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This indicator is for reference only, you need your own method and strategy.
If you have any questions, please let me know in the comments.

הערות שחרור

Add up RSI MA.

הערות שחרור

sorry!
i update its code again

הערות שחרור


  • Optimizing the code
  • Add theme color

הערות שחרור

wrong content
תגובות
Indicator-Jones
Hi, i really like the concept!
the only thing is: with divergence right number of 5 the signales come very late

do you think you could use » tradingview.com/script/tbrsp75I-Better-Divergence-On-Any-Indicator-DoctaBot/
for the divergence instead? it is faster and needs only 1 for the right number and delivered good results.
Thank you 🙏
Indicator-Jones
@Indicator-Jones, i just saw that the better divergence indicator has changed quite a bit. if you open the script editor and select version 4, the older version is better
עוד