RSI is an indicator that is dependent only on price. I modified RSI to factor in volume as well. On BTC chart presented above, VFRSI is more accurate than RSI in detecting extreme conditions (green line is VFRSI). In some instances, it seems to be better than RSI in detecting divergences as well (scroll to March 2018).
In smaller time frames, it reduces the bart...
I present you my last indicator. A volume indicator that indicates overbought and oversold based on the rsi, I chose the rsi because the most used surment, this indicator allows you to identify the overbought and oversold areas of the rsi with the colors blue (oversold) and orange (overbought ) on the volume indicator! Hoping that you are useful
RSI calculated for log scale, with divergences labeled, as well as a 1 hour 55 EMA for signal.
Original log-space RSI by fskrypt.
Divergences taken from JustUncleL, originally from RicardoSantos.
This is one of the techniques described by William Blau in his book
"Momentum, Direction and Divergence" (1995). If you like to learn more,
we advise you to read this book. His book focuses on three key aspects
of trading: momentum, direction and divergence. Blau, who was an electrical
engineer before becoming a trader, thoroughly examines the...
This is one of the techniques described by William Blau in his book
"Momentum, Direction and Divergence" (1995). If you like to learn more,
we advise you to read this book. His book focuses on three key aspects
of trading: momentum, direction and divergence. Blau, who was an electrical
engineer before becoming a trader, thoroughly examines the...
This is the script with alerts for the previous backtest.
Modify "reversal" according to the pair
It has take profit and stop loss too.
Thanks and Enjoy...
This is just a subtraction between market-price and future-price. It gets green if positive, else is red. Simple and effective index.
Alexander El-Kady
This is Ehlers most recent indicator, today is 6/17/18 "Forward and Reverse EMA". I have done my best to translate the code form trade stations easy language.
If anyone knows easy language could they check my translation against the easy language code below.
{
Forward / Reverse EMA
(c) 2017 John F....
It is a Kagi candle emulator without resolution multiplier.
Also with take profit and stop loss.
Modify the value of "reversal" according to current symbol.
It's the backtest, coming soon, same script but with no-repainting alerts
Enjoy!
This study is based on the work of TV user Beasley Savage ( ) and all credit goes to them.
Changes I've made:
1. Added a visual symbol of an overbought/oversold threshold cross in the form of a red/green circle, respectively. Sometimes it can be hard to see when a cross actually occurs, and if your scaling isn't set up properly you can get misleading visuals....
This indicator is the same as LazyBear's indicator with the same title. I simplified it and changed the range to 0-100 so that it can be stacked with RSI indicator. 50 cross is the equivalent of zero cross in the original indicator.
PS: Drag and drop the indicator on RSI for stacking. Go to the settings and scale it to right.
More explanation on the original indicator:
Logistic Correlation is a correlation oscillator using a logistic function.
A Logistic Function is a Sigmoid Function who stabilize the variance of data.The logistic function have the same function as the inverse fisher transform but with an advantage over it, the k constant can control the steepness of the curve, lowers k's will preserve the original form of...
Similar to RSI in concept, but with a few enhancements!
Improvements over the standard RSI indicator?
1. Adaptive Decision Boundaries:
Who says 70-30 are the best decision boundaries to use for trading off of the RSI indicator? Why not 80-20, or another combination? Is 70-30 still the best when you shorten or lengthen the RSI indicator's look-back window? What...
Relative strength is a ratio between two assets, most often a stock and a market average (index). This implementation uses the method described here and the second method described here to calculate its value: "To calculate the relative strength of a particular stock, divide the percentage change over some time period by the percentage change of a particular...
Standard Stoch RSI with some color modification. 0 - 20 = Really Bearish (Dark Red Zone) 20 - 50 = Bearish (Light Red Zone) 50 - 80 = Bullish (Light Blue Zone) and 80 - 100 = Really Bullish (Strong Blue Zone). Thick lines at top and bottom to easily see 100 and 0.
When bitcoin is in an uptrend, a very profitable strategy is to buy GBTC when premium to NAV is low, and sell when it reaches extremes. This can be far more profitable than buying bitcoin itself.
![BTCUSDT: [STUDY]Kagi Emulator OCC & SL/TP V3](https://s3.tradingview.com/o/o2AC0Zea_mid.png "[STUDY]Kagi Emulator OCC & SL/TP V3")
![BTCUSDT: [STRATEGY]Kagi Emulator OCC & SLTP V3](https://s3.tradingview.com/p/pyT5mvLO_mid.png "[STRATEGY]Kagi Emulator OCC & SLTP V3")
