OPEN-SOURCE SCRIPT
PrivacySmurf's RSIs
تم تحديثه
The primary RSIs that I use for analysis.
Default is a Cyclic Smoothed RSI with adaptive bands. Smoothing according to the market vibration is applied to the RSI to cut out the noise and false signals. Instead of traditional overbought and oversold lines, bands are plotted by measuring the recent cyclic activity. This creates overbought and oversold regions reflective of the current market, thus more responsive and can identify smaller, quicker turns.
Price will often react in the direction of the broken bands. Timing using this RSI for bullish entries would be looking for bullish price action candle patterns when the rsi crosses above the bottom band and looking for bearish price action candle patterns when the rsi crosses below the top band.
Optional settings available:
Traditional RSI
Either RSI's with traditional 70/30 bands
Alerts for entering overbought and oversold territory
Cheers,
PrivacySmurf
(Sorry for all the reposts. I'm horrible at complying with the TV script publishing guidelines. I hope I got this one right.)
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To get more in-depth information on the Cyclic-Smoothed RSI, please read Chapter 4: "Fine-tuning Technical Indicators" of the book "Decoding the Hidden Market Rhythm, Part 1" by Lars Von Thienen.
Default is a Cyclic Smoothed RSI with adaptive bands. Smoothing according to the market vibration is applied to the RSI to cut out the noise and false signals. Instead of traditional overbought and oversold lines, bands are plotted by measuring the recent cyclic activity. This creates overbought and oversold regions reflective of the current market, thus more responsive and can identify smaller, quicker turns.
Price will often react in the direction of the broken bands. Timing using this RSI for bullish entries would be looking for bullish price action candle patterns when the rsi crosses above the bottom band and looking for bearish price action candle patterns when the rsi crosses below the top band.
Optional settings available:
Traditional RSI
Either RSI's with traditional 70/30 bands
Alerts for entering overbought and oversold territory
Cheers,
PrivacySmurf
(Sorry for all the reposts. I'm horrible at complying with the TV script publishing guidelines. I hope I got this one right.)
----------------
To get more in-depth information on the Cyclic-Smoothed RSI, please read Chapter 4: "Fine-tuning Technical Indicators" of the book "Decoding the Hidden Market Rhythm, Part 1" by Lars Von Thienen.
ملاحظات الأخبار
Version 2:Updated to Pinescript Version 5
To make the script more intuitive I swapped the fill colors on overbought and oversold regions.
Entering overbought territories will typically align with price increases (green fill).
Enter oversold territories will typically align with price decreases (red fill).
Best bullish entries on RSI with adaptive bands come when both bands are below (or near) the midline and RSI breaks above.
Best bearish entries on RSI with adaptive bands come when both bands are above (or near) the midline and RSI breaks below.
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Added option to plot midline.
Fixed Traditional RSI overbought/oversold fill plot error.
ملاحظات الأخبار
Version 2.1Added titles of plots for easy identification and personal modification
ملاحظات الأخبار
v2.2 Adjusted adaptive band calculationsنص برمجي مفتوح المصدر
قام مؤلف هذا النص البرمجي بنشره وجعله مفتوح المصدر، بحيث يمكن للمتداولين فهمه والتحقق منه، وهو الأمر الذي يدخل ضمن قيم TradingView. تحياتنا للمؤلف! يمكنك استخدامه مجانًا، ولكن إعادة استخدام هذا الرمز في المنشور يخضع لقواعدقوانين الموقع. يمكنك جعله مفضلاً لاستخدامه على الرسم البياني.
هل تريد استخدام هذا النص البرمجي على الرسم البياني؟
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