RSI – Signal (Expo)

4 בדצמ׳ 2019

DESCRIPTION

RSI (Relative Strength Index) is a momentum oscillator that measures the speed (velocity) and change (magnitude) of recent price movements.

THIS INDICATOR PLOTS RSI-SIGNALS and makes use of the standard calculation of RSI. The indicator has built-in flexibility that allows you to determine the oversold/overbought value and CrossOver/CrossUnder value of RSI. This enables you to fit the values to the current market characteristics.

HOW TO USE

1. Determine the oversold and overbought value depending on current market characteristics

2. Determine the CrossOver and CrossUnder value depending on current market characteristics

3. When the signal appears, consider Enter the market.


INDICATOR IN ACTION

BTCUSD



ETHUSD



USDJPY



Wall Street



DIVERGENCES:
All types of momentum oscillator indicators produce divergences and so does RSI. Divergences occur when the oscillator deviates from the trending price action. Bullish divergence is then when the trending price makes a lower low but the oscillator makes a higher low. Bearish divergence is then when the trending price makes a higher high but the oscillator makes a lower high.



I hope you find this indicator useful, and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!

I will continue to work on this indicator, so please share your experience and feedback with me so that I can continuously improve it. Your feedback is valuable for future developments!


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Disclaimer:

Copyright by Zeiierman.

The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!

5 באוג׳ 2020

הערות שחרור

Major Improvements!

• The setting panel is more convenient.
  
• Trend RSI is added.
  
• Trend RSI signals are added.
  

Best

22 באוג׳ 2020

הערות שחרור

Minor Update!

Best

30 בספט׳ 2020

הערות שחרור

Improvements!

• RSI Signals with Alerts Added!
  

20 ביולי 2021

הערות שחרור

Improvements

• Performance improvements
  
• Enhanced setting panel
  
• Tooltips added
  

20 ביולי 2021

הערות שחרור

Precision Added

20 ביולי 2021

הערות שחרור

minor change

26 בינו׳ 2022

הערות שחרור

Improvements!

• Dynamic and Trend Cloud added
  
• Performance improvements
  

27 בינו׳ 2022

הערות שחרור

Improvements!

• Minor changes