OPEN-SOURCE SCRIPT
تم تحديثه

Double RSI For Kate

6 784
Double RSI for scalping and trend recognition. Green for longs, red for shorts. Based on close. ;)
ملاحظات الأخبار
Scalping filter double RSI with color change for bull bear. :)
ملاحظات الأخبار
Double RSI KE Indicator: Enhanced Trend Detection Made Simple

The Double RSI KE Indicator is a straightforward yet effective tool designed to enhance trend detection and improve trading decision-making. By combining two RSI (Relative Strength Index) calculations with different periods, this indicator provides a clearer view of momentum shifts and trend strength.

📊 How It Works:

The indicator calculates two separate RSIs:

RSI1: A faster, more sensitive RSI with a default period of 25 (user-adjustable).
RSI2: A slower, smoother RSI with a default period of 100 (user-adjustable).

The tool plots RSI1 and RSI2 on the same chart, using colors to indicate momentum shifts:

Green: RSI1 is above RSI2, suggesting bullish momentum.
Red: RSI1 is below RSI2, suggesting bearish momentum.
White Line: RSI2, serving as a baseline or trend filter.

💡 Why It’s Useful:
✅ Improved Trend Clarity: By comparing a fast and slow RSI, you can quickly determine whether short-term momentum aligns with the overall trend.
✅ Versatility: Works across various timeframes and markets, including stocks, forex, crypto, and commodities.
✅ Simple Yet Effective: Provides clear visual signals for trend-following and potential reversals.

📌 How To Use It Effectively:

Trend Confirmation: When RSI1 (green) stays above RSI2 (white), it indicates a bullish trend.

Reversal Detection: When RSI1 (red) crosses below RSI2, it signals a potential bearish reversal.

Customization: Adjust RSI1 and RSI2 periods to suit your trading strategy and timeframe.

The Double RSI KE Indicator is a simple, customizable tool that can enhance your ability to spot trends and reversals with precision. Perfect for traders looking to simplify their analysis without sacrificing reliability. 🚀

⚠️ Disclaimer:
The GTC Double RSI KE is a powerful tool designed to enhance your market analysis by providing real-time insights on market shifts. However, it is not a replacement for comprehensive market analysis or prudent risk management. Always combine this tool with thorough research, technical analysis, and a well-structured trading plan. Past performance is not indicative of future results. Trade responsibly.
ملاحظات الأخبار
Hey everyone! Thanks for checking out the GTC Breakout Scanner.

I love making new scripts to help refine the trading process. If you would like access to my brightest ideas, click the link below!
gordontradingco.gumroad.com/l/kzjpt?_gl=1*mqk00

Double RSI KE Indicator: Enhanced Trend Detection Made Simple

The Double RSI KE Indicator is a straightforward yet effective tool designed to enhance trend detection and improve trading decision-making. By combining two RSI (Relative Strength Index) calculations with different periods, this indicator provides a clearer view of momentum shifts and trend strength.

📊 How It Works:

The indicator calculates two separate RSIs:

RSI1: A faster, more sensitive RSI with a default period of 25 (user-adjustable).
RSI2: A slower, smoother RSI with a default period of 100 (user-adjustable).

The tool plots RSI1 and RSI2 on the same chart, using colors to indicate momentum shifts:

Green: RSI1 is above RSI2, suggesting bullish momentum.
Red: RSI1 is below RSI2, suggesting bearish momentum.
White Line: RSI2, serving as a baseline or trend filter.

💡 Why It’s Useful:
✅ Improved Trend Clarity: By comparing a fast and slow RSI, you can quickly determine whether short-term momentum aligns with the overall trend.
✅ Versatility: Works across various timeframes and markets, including stocks, forex, crypto, and commodities.
✅ Simple Yet Effective: Provides clear visual signals for trend-following and potential reversals.

📌 How To Use It Effectively:

Trend Confirmation: When RSI1 (green) stays above RSI2 (white), it indicates a bullish trend.

Reversal Detection: When RSI1 (red) crosses below RSI2, it signals a potential bearish reversal.

Customization: Adjust RSI1 and RSI2 periods to suit your trading strategy and timeframe.

The Double RSI KE Indicator is a simple, customizable tool that can enhance your ability to spot trends and reversals with precision. Perfect for traders looking to simplify their analysis without sacrificing reliability. 🚀


⚠️ Disclaimer:
The GTC Double RSI KE is a powerful tool designed to enhance your market analysis by providing real-time insights on market shifts. However, it is not a replacement for comprehensive market analysis or prudent risk management. Always combine this tool with thorough research, technical analysis, and a well-structured trading plan. Past performance is not indicative of future results. Trade responsibly.

إخلاء المسؤولية

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.