This indicator is same as standard RSI, but it marks overbought/oversold levels.
RSI Sᴜᴘᴘᴏʀᴛ & Rᴇꜱɪꜱᴛᴀɴᴄᴇ ʙʏ DGT This experimental study attempts to translate Relative Strength Index (RSI) threshold levels of oversold/overbought and bull/bear zones as probable Price Support and Resistance levels █ OPTIONS Support & Resistance Levels , the main aim of the study. Level calculations are based on Relative Strength Index (RSI) ...
This study implements a simply scalping using the RSI (calculated on two periods), the slopes of two MAs (EMA or SMA) having different lengths (by default, I use 50 and 200). A take profit (%) and a trailing stop loss (%) are used. Entry conditions: .) Fast MA > Slow MA and Price > Slow MA and RSI < Oversold Threshold ------> go Long .) Fast MA < Slow MA and...
This indicator draws a visual RSI signal on to your chart. You can use it to set RSI alerts when the market enters an extreme RSI condition.
If your trading strategy is to sell the RIPs and buy the DIPs, this is an indicator for you. This is based on the multi band indicator present here: Code is simplified to generate as many bands as possible and hence divide price into as many states as possible based on these bands. Moving Average Type defines what moving average to be considered for Bollinger...
It seemed weird to me that the default Chande didn't have overbought and oversold regions, despite them being described for Chande Momentum and working very well. So I added the lines and alert conditions. I've used this to very good results in my day trading. My strategy involved 4 timeframes of candlestick, each with 4 timeframes of Chande overlaid....
Confirmation (Expo) is a trading confirmation tool that can confirm any indicator, trend, setup, signal, or strategy. Once you have chosen the input source (any indicator) you can use the tool to confirm the trend, trend strength, overbought/oversold areas, retracements, and reversals. This tool is built for traders that already have a strategy or preferred...
Good evening folks! Today I want to share with you a simple variant of the Stochastic-RSI built-in indicator. Nothing too complex: by enabling the relative checkbox and setting the desired (k, d or the RSI ) source and timeframes, you can see higher timeframes data plotted on your screen. Everything you need to do is enabling the indicator on the lowest...
Introducing the Pivot Regression Oscillator. This oscillator uses a similar formula to the Stochastic Oscillator. However, instead of comparing the closing price to the lowest price of a period, it compares the distance between current price and the current pivot point. By basing our oscillator on pivot levels, we incorporate a much more relevant and...
This script is for ES ( E Mini futur or MES) day trading only. It is a simulation of marker behavior resulting in 2 kind of level: Oversold and overbougth level: * It is square shape: orange and red are 1st and 2nd level of Overbougth ( high probability to down of 16 points if you have a bearish divergence of momemtum above these levels) * It is square...
Level: 1 Background This MACD is designed with unique oversold and overbought detections, which you may not sell or buy immedidately. You may need to watch the trend movements and decide to buy or sell on current or next goldcross and deadcross respectively. Function Add oversold and overbought detections for MACD to locate proper entry point. Key...
█ OVERVIEW Relative Strength Index is a momentum oscillator developed by J. Wilder. The original version of RSI rescaled the relative strength measurement to range. While the rescaling is useful for readability, This non-rescaled version tells the exact average relative strength of the movement for the past period, and give another way to put the relative...
™TradeChartist RSI Donchian Channels is a helpful RSI based indicator that helps visualize the RSI trend (using 4 plot styles including RSI Candles) by plotting Donchian Channels of user preferred length. =================================================================================================================== Features of ™TradeChartist RSI Donchian...
█ OVERVIEW This is Screener script for Mean Reversion Channel Indicator █ Description & How To Use The screener works by scanning through up to 40 symbols and list down symbols that are currently within Overbought/Oversold Zone as defined by Mean Reversion Channel indicator. The Overbought/Oversold Zone are further categorized and sorted by: Strong :...
This indicator includes: RSI Candles set to the default 14 length (un check Borders in the Style tab to see the candlesticks better) I like using the wicks as an early warning for a possible trend change, which is generally in the opposite direction of the wicks. It's also easier for me to draw trend lines using the RSI Candles vs the rsi plot...
Description : Mean Reversion Channel objective, based on Mean Reversion theory ( everything has a tendency to revert back to its mean), is to help visualizing: Inner Channel -> Dynamic Support and Resistance Outer Channel -> Overbought/Oversold Zone which may signal consolidation phase or potential reversal due to unsustainable move Details on some of...
This idea behind this indicator was to show an un cluttered view of the RSI on 3 different timeframes. The RSI for the current chart highlights Lime/Red when it crosses the Overbought and Oversold levels, which are editable in the Inputs tab. RSI 2 defaults to the 1h timeframe and prints a lime dot at the top of the indicator when it's above the 50 level and a Red...
One of out most premium indicators is this MTF MacD Stochastic RSI combo. This is calculated with specific conditions to give the best signals for market reversals or continued trends. ======= For a detailed description of how the REDWOOD MacD works, see profile (links of personal indicators arent posting for some reason) For a detailed description of how...