Made this to backtest simple macd trading strategy, had to set it to open long and short positions because i'm not sure how you get it to calculate otherwise.
Plot where RSI or MFI is in its Bollinger Bands . Can be used in many different way: as a trend indicator (above below 0.5), part of a trend following strategy when crossing above 0 (resume bullish trend ) or crossing below 1 (resume bearish trend ), also useful for divergences, etc...
Plots where RSI or MFI is inside its Bollinger Bands. Various strategies: good to see the trend (above/below average), overbought/oversold conditions (you could work a strategy around RSI getting out of overbought/oversold conditions as shown in the screenshot), divergences, etc...
I will also publish a Bollinger Bands width of RSI to identify areas of squeeze in...
Measures price distance from extremes.
Ranging closer to 0 means topping/bottoming (this can stay in this state for a long time), (price near extreme).
Can be used to peak trend reversals(will need to keep doing tests with it)
EXPERIMENTAL --> Use at your own risk.
This Script used RSI, EMA of RSI, Stochastic RSI and Bearish Engulfing Indicators. This is bearish candlestick reversal pattern formed by two candlesticks . Following an uptrend, the first candlestick is a up candlestick which is followed by a down candlestick which has a long real body that engulfs or contains the real body of the prior bar.
In the example above GOOGL's RSI is being compared against the RSI for XLK, the technology sector fund. The red and green areas make it easy to see if Google is under or overperforming relative to other tech stocks. I've included a normal RSI above it for comparison.
You can compare any stock to a sector, i.e. JP Morgan (JPM) versus the financial sector (XLF), or...
스토캐스틱 3개를 한번에 볼수 있습니다. 천장과 바닥은 각 100의 위치마다 존재합니다
You can see three slow stochastics at once. The ceiling and floor are located at each 100 (0 - 100 - 200- 300)
Ratio of bitfinex longs versus the total btc in positions. Maybe a good indicator of market sentiment. It allows you to see too where were people taking profit or closing positions. Remember that ratio going up doesn't necesarily mean more longs positions are being added. It could mean shorts are closing position massively. The conversely is also true.
The rate...
![AUDUSD: [RS]Extreme Diferential Indicator](https://s3.tradingview.com/1/1aW2pGSI_mid.png "[RS]Extreme Diferential Indicator")
![APPCBTC: [Dukhan] RSI & MACD single indicator](https://s3.tradingview.com/q/QS3J6yje_mid.png "[Dukhan] RSI & MACD single indicator")
