Slightly different RSI . It is shown the Ema RSI with leght 2 in order to clean some "noise" and become easier to read. It shows in green possible "buy moments" and in red possible "Sell moments". Those are calculared with a slower and a faster ema ( rsi ). It is the RSI that I use and hope it helps someone.
Hi Everyone Thought I'd share this nice and simple RSI indicator with you which uses short and long length crossover to determine potential long and short trades. This indicator also has multiple timeframe functionality. Please use this with other indicators or price action etc to confirm long and short trades. Personally I like to see the crossover on the...
Version 1.2 Update: No need for scaling up/down anymore No need for setting up so many parameters Ability to mix instantaneous indicator with averaged indicator (its different from just making a moving average) Mass obtention has been improved Velocity calculation has been improved, by considering highs and lows Acceleration calculation has...
The idea for this indicator came from looking at the Stochastic RSI. The Stochastic RSI takes the RSI reading then applies the Stochastic formula to it - an indicator on top of an indicator. Using this logic, I decided to try using a Stochastic on the existing Stochastic in order to smooth it out - hence the "Double Stochastic". I have also added the option to add...
Hi everyone, This scripts are used for learning and research purposes. THESE ARE NOT BUY/SELL SIGNALS. If you have a better idea, share it here or contact me via msg. I will improve this script better in next version. Settings: Basically, you only need to care about "Lookback Level For Divs", this is the number of previously adjacent peak. Feel free to...
RSI+BB RSI + Bollingerbands Credits First of all I'd like to credit my trading pal, Vitaly905 who is a fellow Whale Crew associate for discovering this approach via another FOREX YouTuber, and turned me onto the general strategy. I created my own style template of the combo with the transitional trend color changes. My scripting skill were a little rusty at...
This an experiment to visualise the famous RSI indicator within a Histogram. Opposed to regular RSI this RSI is plotted into a Histogram and uses different scales (100 to -100), in addition it has the ability to smooth the RSI with various moving averages like HMA, JMA and KAMA. About RSI: The RSI measures recent performance of a given stock against its own price...
This RSI has a couple modifications. It works with bullish and bearish control zones and implements both a 12 EMA as well as the "magic" 89 Moving Average. First, the ranges. Whenever the RSI moves above 65 the bulls are in control. Whenever the RSI moves blow 45 the bears are in control. Everything in between in neutral. Traders can use these levels for...
Key Factors traced - Price: EMA (Exponential Moving Average) - Volume: WMA (Weighted Moving Avg.) - Strength (Momentum): RSI (Relative Strength Indicator) Default parameters 1. RSI at 9. Over brought & Under sold to 50 to be used as a median. This can be altered to the traditional 70:30 or 60:40 2. WMA at 21 3. EMA at 3, Exponential for Intraday trades
CCI & EMA_CROSS_Paydar Hello everyone This indicator is actually a very efficient oscillator, This system is a unique combination of indicators CCI and EMA, which of course has special settings, these settings are adjusted as much as possible due to signaling. As you can see in the picture: CCI: the two colors line, green and red, are actually the same...
Stoch+RSI (SLOW D)_By Josef_Hakkak Stochastic and RSI by SLOW D% -> How to use: B UY = When the yellow line (D of Slow Stoch ) goes out of the green range, it is better that the purple line ( RSI ) is be low SELL = When the yellow line (D of Slow Stoch ) goes out of the red range, it is better to have the purple line ( RSI ) is be high This script was...
On Balance Volume Indicator This is a support indicator to the Main Indicator which has also been published. This indicator is from the basis of user Everget and a friend of mine on another site. This indicator has used a smoothing function in an attempt to provide more robust signals. In this indicator the user is looking for: Long trade: Upward sloping...
This script is a modified version of the Relative Strength Indicator ( RSI ). While using RSI to trade the markets, the signals generated are very choppy. Approach 1. One way to reduce this noise is to use a higher period for the RSI calculation. (say 20 instead of 14 period). In this approach, the valid signal comes quite late. Approach 2. My unique...
DELTA7 Histogram is placement of the DELTA7 core functionality script into a centered oscilator show up 3-layered waves. (this is not a signal bot. It's meant for analysis as toolkit for DELTA7 Suit traders) Each wave are the reperesentation of the DELTA7 on-chart overlay trends plotted into a centered oscilator. The Delta Lead is ploted as the baseline and the...
The Sell Gravitation Index was created by Howard Wang and was published in Stocks & Commodities V37:02 (36-38) This indicator is similar to the relative strength index but the big difference is that this indicator gives early buy and sell signals which I find very helpful. Buy when it rises above its signal line and sell when it falls below its signal line. Let...
with this script you can follow ema8 of RSI and also SMA20 of RSI with ∓ 2 standart deviation