The purpose of this script is to trade with the trend, trade trend continuation, and counter-trend trades. Uptrend is price above 200 ema: Background is green and the bar colors are normal Downtrend is price below 200 ema: Background is red and the bar colors are normal Counter-trend to uptrend--Bar colors are white and the background is purple counter-trend...
If the RSI indicator shows the dominance of purchases over sales, it is interesting to know the speed of purchases. We calculate the speed using the wt indicator. We compute WT (RSI,len). Setting and designation of indicator RSI_SpeedUP. The RSI lines you are looking for are shown in smooth lines. The speed is shown by stepped lines. In the indicator RSI and...
I created a script to buy / sell when stoch oversold, overbought and BB when the price is above the upper BB and falls below it. I want to combine with rsi but I do not know how to do it and I want to put SL to avoid the trap of market. Do you have any way to help me optimize the scirpt?
pink line = directional with price, bull strength black line = counter-directional with price, bear strength histogram = trend strength confirmation high pink + high histogram = strong bull high pink + low histogram = weak bull high black+ high histogram = strong bear high black + low histogram = weak bear
rsi indicator whith conditional moving average settings for swing trading when market price is above certain moving averages testing a simple for fun, not intended to be financial advise, do your own research :) enjoy!
Quasi White Noise script. An experimental approach to implement a white noise using Pine Script. Uses Connors RSI under the hood. en.wikipedia.org
Fixed LazyBear's original script with his modified one.
This system was designed for the beginner trader to make money swing trading. Your losses will be small and your gains will be mostly large. You will show consistent profit. Period. The system works on any security you like to trade. I used GBPUSD as an example because of the up swing and down swing it had recently. I tried to put as much information of how the...
First version here Initial data: 1) RSI 2) Bollinger Bands (Basis - EMA ) 3) Dispersion (around basis) Signal for purchase: RSI crosses the dispersion zone upwards Signal for sale: RSI crosses the dispersion zone downwards Buffer zone: white area, it is not recommended to make transactions. --- Add ( 02.10.2018 ) 1) RSI lines (overbought /...