This is a simple momentum indicator. It calculates the moving average of gains and losses. As you can see in the chart above, gains have been decreasing in each wave which is also captured by this indicator. Its closest relative is RSI but unlike RSI it is not range bound. Divergence on indicators that are not range bound are generally more reliable.
Recommended...
This indicator will allow you to see overbought and oversold areas of the rsi or the cci, you must set yourself the upper and lower band of the rsi (70-30) or cci (100, -100). By default, it's Rsi
I have already posted the same indicator but only with the Rsi, I wanted to posted a more complete that offers the 2.
On the chart, it is the overbought / oversold...
So, here's what we ended up doing for the most recent one that we created.
1. We took the ATR (Average True Range) - You can read about that here: medium.com
2. Then applied the Bollinger Bands %B to it
3. Then overlayed it with another indicator
Purpose:
The general purpose of this indicator is to identify when there are periods of consolidation or if...
Three RSI indicator charts in one window. Plus, the resale area (green) and overbought area ( red) are highlighted. Indicator settings are periods of calculation of the RSI indicator (24, 14, 9). The fourth parameter (30) is the critical levels, which are at a distance of 30 units from the edges. If the parameter is 30, then the oversold level is 30 and the...
Crypto RSI. On the basis of crypto-index is created, the indicator for the study of cryptocurrencies (KRIN). The wt indicator (this is a modified and improved CCI indicator) is superimposed on the crypto index. The indicator (SIN_WT) shows the speed of movement of the crypto index (blue line) and the speed of movement of the local cryptocurrency price (red line),...
MFI with highlights when value is overbought/oversold and adjustable overbought/oversold thresholds. There is also an option to disregard candle wicks in the calculation in case that could be helpful.
MFI with highlights when value is overbought/oversold and adjustable overbought/oversold thresholds. There is also an option to disregard candle wicks in the calculation in case that could be helpful.
Look overbought and overbought to predict the time of the transaction.
RSI overbought:
- RSI = 21 to 30 (default configuration): The graph showing the letters 'Buy' and candles will have different colors.
- RSI < 21 (default configuration): The graph showing the letters 'Buy' displays bold and the candles will have high light background colors.
RSI...
This is the first script I've written. Its sole purpose is to make me learn a bit of pine script. Its not intended to trade live.
Feel free to modify it if you wish and let me know if you do it. Also any comments are welcome!
Also i need help in two things:
1. Im unable to print the "in-strategy" rsi on chart
2. I want to ignore the first buy signal after each...
RSI is an indicator that is dependent only on price. I modified RSI to factor in volume as well. On BTC chart presented above, VFRSI is more accurate than RSI in detecting extreme conditions (green line is VFRSI). In some instances, it seems to be better than RSI in detecting divergences as well (scroll to March 2018).
In smaller time frames, it reduces the bart...
I present you my last indicator. A volume indicator that indicates overbought and oversold based on the rsi, I chose the rsi because the most used surment, this indicator allows you to identify the overbought and oversold areas of the rsi with the colors blue (oversold) and orange (overbought ) on the volume indicator! Hoping that you are useful
RSI calculated for log scale, with divergences labeled, as well as a 1 hour 55 EMA for signal.
Original log-space RSI by fskrypt.
Divergences taken from JustUncleL, originally from RicardoSantos.
Similar to RSI in concept, but with a few enhancements!
Improvements over the standard RSI indicator?
1. Adaptive Decision Boundaries:
Who says 70-30 are the best decision boundaries to use for trading off of the RSI indicator? Why not 80-20, or another combination? Is 70-30 still the best when you shorten or lengthen the RSI indicator's look-back window? What...
//Created By ChrisMoody on 8/15/2014
//Uploaded By Iceberg on 6/13/2018
//This script allovvs you to set up to 3 different length RSI at the same time. I usually use tvvo.
//Chris removed his script and someone asked mine. I simplified a lot of lines.
//This script shovvs highlighted background vvhen your First RSI is in oversold or overbought zone, and flashes...
![BTCUSD: Gain/Loss Moving Average [Cyrus c|:D]](https://s3.tradingview.com/h/Hb8w5z5U_mid.png "Gain/Loss Moving Average [Cyrus c|:D]")
![BTCUSD: RSI3graf. 3 RSI in one window[wozdux]](https://s3.tradingview.com/s/sLafgRa2_mid.png "RSI3graf. 3 RSI in one window[wozdux]")
![LTCUSD: wz_Kripto Index RSI[WOZDUX]](https://s3.tradingview.com/p/P4GShZA5_mid.png "wz_Kripto Index RSI[WOZDUX]")
![XBTUSD.P: MFI (Money Flow Index) [m59]](https://s3.tradingview.com/s/sBJBzI0R_mid.png "MFI (Money Flow Index) [m59]")
![XBTUSD.P: MFI (Money Flow Index) [m59]](https://s3.tradingview.com/0/0ZilhTzK_mid.png "MFI (Money Flow Index) [m59]")
