This oscillator basically is three in one oscillator with every overbought/oversold condition on different levels being illuminated/highlighted in the oscillator background for ease of spotting potential trade opportunity .
Oscillators involved :-
1. RSI (Relative Strength Index)
2. StochRSI (Stocahstic Relative Strength Index)
3. MFI (Money Flow Index)
This script is based on some variations of Rocket (from Until1Mil group) scalping strategies.
It uses Renko to determine buy/sell areas.
More details can be found on my steemit page (same user as here).
Followers, this RSI is for you!
RSI Strap uses a normal Relative Strength Index (RSI) to determine what price level is in the over-bought or over-sold range.
This minimalist overlay improves the technical trading experience as indicators take up a lot of space and leave your chart area cluttered.
Change the RSI length, as well as the overbought and oversold...
My indicator detects divergence above 70 and below 30 and that values can configurates through the settings of the indicator.
Easy to use.
So that there is no confusion is the indicator at the bottom, oblique red lines are to demonstrate more visual the indicator does not make oblique lines, is the indicator on the bottom.
You can try it on:
RSI and Stochastic RSI in one single indicator. Optimized for the TradingView Dark Theme.
StochRSI lines turns into red once the value is less than 2 or greater than 98 (oversold, overbought).
RSI histogram will appear orange if it is less than 30 or greater than 70.
RSI histogram will appear red if both rules above are valid.
This indicator is a tool designed to be used with Steven Hart's RSI Exhaustion strategy. For more information google TheTradingChannel or look him up on YouTube :)
The default RSI settings for this strategy are:
RSI Overbought: 80
RSI Oversold: 20
When the RSI gets above 80, the line will turn red and the script will begin looking for a specific...
Look overbought and overbought to predict the time of the transaction.
- 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.
Slowing the RSI down opens up a whole new world of possibilities.
This concept can work for a lot of TA indicators including the MACD.
See script source code for further description. Feel free to add pyramid trades at your own discretion in your format menu.
No this doesn't repaint!
Hello and welcome, this is AngelouHD and this is my RSI oscillator based on RSI 14 (classic and most used by all traders).
I was studying RSI and found out that this awesome tool is very helpful, so I did more research and added some features which includes:
1 LONG signal which is that bold green pattern on the RSI...
Combines classic RSI and StochRSI in one script, with heatmaps for oversold and overbought zones. Use it with the black template :)
K and D values from Stoch are merged in one line, changing colors according to the bearish or bullish crossovers between them
Red to green -> Bullish crossover, consider an entry. Its signaled with a green cross
Green to red ->...
Great tool to find market tops, bottoms, S/R's and reversals.
Rsi has 2 customiseble overbought and oversold levels can show you extreme levels.
Slow Stochastic 1 (25 period) shows small price swings
Slow stochastic 2 (100 period) can show you a greater picture, are we reversing?
Why do you need Leguerre, Murrey, Kaufman oscilator 3000 when you can have old and...