This script does two things:
1- Highlights extreme levels on RSI
2- Calculates what % of the time, price closed higher (lower) with some minimum threshold when RSI was below oversold (overbought) level in a predefined number of bars.
I use this to understand if buying the dip/selling the rip works for a security and on what time frame and if it could be a...
This script has been designed to do some swing trading on 4 hour and daily candles.
After some adjustments it also gives a good result on the lower timeframes 5m, 15m and 1h.
• This scripts is based on RSI, Stoch RSI and some other indicator(s).
• It provides BUY, SELL, STRONG BUY and STRONG SELL labels when loading the script.
• It is also...
The STP Oversold/Overbought Candles is a momentum indicator that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset. The indicator will turn the candles White on extreme downside or upside volume . When this occurs it’s best to trade in the same direction as momentum. Once the next...
-colourd rsi and ris's ema: with the help of this indicator it is more convenient to detect overbought and oversold areas .
OB= rsi > 70
OS= rsi < 30
customisable ema make it easier to find the right ema length for the instrument you are trading on.
hope this indicator helps the community at it's best,
good luck :)
1. Long/Short Signal using the macd and stochastic rsi .
2. Bullish/Bearish Divergence on the chart.
3. Low and high pivot Following trend - Support/restiancen.
4. Bar color change when rsi is overbought/oversold. Gives only bar signals when trend is outside MA 50 High/low. Great on low TF. I have also added MA 100 high/low for higher TF.
5. 10 EMA Length for...
THE BEST FOREX, STOCKS, COMMODITIES , AND CRYPTO INDICATORS FOR TRADINGVIEW.COM
The relative strength meter (RSM) is a momentum indicator that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset.
The RSM is displayed as a color coded meter.
GREEN: Bullish Uptrend
NIFTY and Bank NIFTY index RSI 14 comparison indicator.
I often check for RSI of both index to take long or short position based on oversold rsi and overbought rsi. instead of checking in different charts i developed this indicator.
We're back at it with a brand new strategy centered around an Arnaud Legoux RSI and Hull RSI. This one took a lot longer to make than usual, which is the reason there hasn't been any new posts the last week.
The first component of the strategy is the Hull RSI. The Hull RSI is shown in light blue and its upper and lower bounds are plotted as the dark pink and...
THE BEST FOREX, BINARY OPTIONS, STOCK AND CRYPTO INDICATORS FOR TRADINGVIEW.COM
Our Smooth Stochastic RSI indicator and our RSI indicator all combined in one!
BACKGROUND AND BAR COLOR
GET ALERTS FOR BULLISH AND BEARISH CROSSOVERS ON STOCHASTIC RSI
GET ALERTS WHEN RSI LINE IS GREEN...
Calculates the Multi Time Frame RSI Overbought Oversold Conditions.
- Draws a vertical green line when RSI is oversold across 5 time frames of your choice
- Draws a vertical red line when RSI is overbought across 5 time frames of your choice.
Time frames can be modified in indicator settings.
I've decided to create my own after browsing through the existing ones.
Here's what's this about: it plots the RSI for the current timeframe - I use 30M in the chart. This is the thinnest line. Then in adds 4h RSI, the line is thicker. Similar for Daily and Weekly.
For the current, 4h and daily, the lookback period is 14 periods. For the weekly, it is 8. These...