Please watch the comment lines in the formula.
This is the demostration that RSI resembles actually the real trend and you could be successfull only using different levels of RSI for entering and leaving the market.
Adding a simple moving average you may obtain explosive results.
RSI with cloud trend EMA ..
RSI changes colors based on value ..
20 and under = red
21 to 30 = orange
31 to 39 = yellow
40 to 59 = green
60 to 69 = lime
70 to 79 = yellow
80 and over = red
Introducing BlackPika TrendTrader (TT)
This indicator use moving averages and RSI (Default settings) for Entry Signals and Partial Exits.
It is recommended to use this for Spot market trading for swing trades, ideally on higher timeframes (4H to D)
It can be used to gauge the trend of underlying asset on Daily timeframe.
Trailing signals are also available...
This is the open-source stripped down version of the full-featured RSI-MACD indicator (MACRS), with the ADO and the option to filter out weekend price action removed.
The main oscillator is the RSI modulated by the MACD (default). The RSI mode can be disabled to revert to a normal MACD oscillator for the main oscillator.
When the main oscillator (thicker line)...
Introducing the Trend Trader
This strategy uses moving averages as its base and it can be effective for trading ALT/BTC pairs on higher timeframes (4H to D)
It is intended to give you a direction of the trend of the market. I personally use it to gauge the trend and trade major pairs.
The backtester has 0.1% commision set and a slippage of 1 tick.
Some more...
The main oscillator is the RSI modulated by the MACD (default). The RSI mode can be disabled to revert to a normal MACD oscillator for the main oscillator.
When the main oscillator (thicker line) is > 0, it is green; and if it is < 0, it is red.
The MACD can be re-scaled and whenever its value > 100, a background fill between the oscillator and the zeroline...
This script uses a combination of modified TSI and RSI conditions produce Buy/Sell/Hold signals. Similar to Elder's Impulse, when a buy signal is met, bars turn blue. When a sell signal is met, bars turn Pink. When signals are mixed, bars turn grey. Depending on direction of trend, gray bars can be considered "Hold" or take profit signals. You can change the...
The PRISM Oscillator Set consists of:
(1) A modified-pSAR derived main driving oscillator (P-Oscillator).
(2) With MAJeStic (Momentum, Acceleration, Jerk, Snap) Oscillators Set (M-, A-, J-, S-Oscillators respectively).
User can switch the main oscillator to RSI-mode (default), as well as reverting to configurable EMA/SMA MACD mode as well.
The...
Hello Traders!
The indicator uses RSI levels and normal floor trader pivots to find exit and entry points.
In the indicator options you can choose the indicator from pull-down menu.
How it works?
- Checks if two consecutive candles are bullish/bearish.
- Looks for RSI oversold /overbought conditions.
- Initates a buy /sellorder .
- Stop loss can be places...
Scalpy is made up of a 2 main parts.
- The cloud comprising of a 10 period SMA and a 30 period SMA.
- When the cloud is green you should be looking for long entries.
- When the cloud is red you should be looking for short entries.
- Price is most bullish above a green cloud and most bearish below a red cloud.
- Being within the cloud indicates...
This system originates from many articles by Enrico Malverti, Trading System, 2015.
Many trading systems are more stable if you use simple and not so innovative indicators, like exponential moving averages and Relative Strengthe index.
Differently by the original article:
- there is no ATR Filter, but we have introduced a Schaff Indicator. If you have multiple...
I present yet another state-of-the-art "MTF Lag-Less RasterChart" employing PSv4.0. Simply describing how this indicator works, the bottom of the indicator pane is most reactive and is highly effective at identifying reversal points quickly once they occur, while the upper portion of the indicator commonly shows enduring trends. This may be my finest...
The " Orti Relative Strength Index (Static Timeframe Multi-Period) ” is now a public script, based into an existing study named "Relative Strength Index or RSI", but with some better functions about time frame and its measurament.
The cherry on the top, for this private version: is when you want to get a predetermined count in a natural “units of time" as...
