Indicator translation to Pinescript requested by cookie_crusher on Twitter. The "RSI With Noise Elimination Technology" (NET) is an indicator developed by John Elhers. The indicator is simply a rolling Kendall rank correlation coefficient of a normalized momentum oscillator (a version of the RSI introduced by Elhers in the May 2018 issue of Stocks &...
Description: This is a preprocessed and standardized version of RSI indicator. You can replace RSI with any other indicator of your choice. Use this code as a framework for your ideas. Time Threshold parameter is useful in handling a repainting issue. By setting it to higher values you can effectively eliminate repainting! Cumulative Return, Win/Loss and Win Rate...
This strategy uses the RSI on MACD indicator. BUY ==== When RSI indicator crossing over 30 or 35 line and price above slow ema Note: when the position already taken, you may reenter on the purple candle Partial Exit ========== Partial profit taking option is available in settings. If this is selected , 1/3 position exited when RSI indicator crossing...
To use with RSI strategy bullish and bearish channels
This is an indicator that shows buy and sell signals using multiple oscillators like RSI, Williams %R, Stochastics, and Chande. The green tabs say to buy, and the red tabs say to sell. Hope you like it! The parameters can be tweaked but they're not meant to be tweaked.
// Concept developed from RSI : The Complete Guide by John Hayden // RSI is regarded as a momentum indicator. 2:1 momentum is associated with RSI values of 66.67 and 33.33 respectfully. In an Uptrend an RSI value of 40 should not be broken and in a downtrend // a RSI value of 60 should not be exceeded. 4:1 momentum (RSI values of 80/20) can be associated with...
www.tradingview.com Following the last example from the link above, I added a function return to plot the calculated RSI value for each ticker. For this, I added the expression of the rsi bult-in function in the security call, to send as a return to the plot function. Ps. I purposely inverted the crossunder/crossover calls for testing here.
Not the biggest of changes... I just added a center line to the standard RSI... Because I'm not sure why there isn't one in the original! RSI isn't just for overbought and oversold... It's value being above or below 50 can also indicate the trend!
Delta-RSI Oscillator Strategy: This strategy illustrates the use of the recently published Delta-RSI Oscillator as a stand-alone indicator. Delta-RSI represents a smoothed time derivative of the RSI, plotted as a histogram and serving as a momentum indicator. There are three optional conditions to generate trading signals (set separately for Buy, Sell and Exit...
RSI with alert on enter and exit overbough and oversold area. You can change the overbough and oversold levels as well.
Abstract This script attempts to find the end of countertrend. This script uses oscillators to measure long term and short period trends. When the long term trend keeps positive and clear short term period is over, this script provides a buy signal. This script does not contain pullback, cut loss and re-enter. You need to add it manually. Introduction Many...
Wanted to put this out there. Kind of a rough explanation but basically I wanted to build an indicator that takes out emotions and is easy to read. The indicator is basically RSI, stochRSI, CCI, and EMAs into an easy to read package. The traffic lights at the end will tell you if stochRSI/RSI and price action above according to EMA ribbon are in agreement. RSI...
This is just a simple tool for convenient to compare and showing a clear image of all sector and index in Malaysia. They are just in one indicator. From this indicator, you can predict momentum of each sector in Malaysia, which is currently in bull or bear trend. STRUCTURE In the setting, the first line with the option of the following index (Malaysia...
RSI Plus: ☑️ Show the divergences. ☑️ Shows the approximate price of an RSI level (by default it is level 55 but it can be changed for any other level). ☑️ Shows the bulls and bears zones, in green when crossing level 50 up and red when crossing down. ☑️ Circle the highest and lowest levels as possible purchases and sales. ☑️ Includes a smoothed RSI. RSI ...
Good morning Traders Inspirated by lukescream EMA-slope strategy, today I want to share with you this simple indicator whose possible use-case would be for detecting in advance possible trend reversals, specially on higher timeframes. Once that you've chosen the desired source (RSI, EMA or Stochastic k or d), the indicator will calculate its "slope"...
Strategy based on my cRSI with motive/corrective wave indicator. Please note that it is far from perfect. I use it mostly to help me identify good entry and exit points when combined with my other technical analysis. It misses some obvious points, but on average it does pretty well. The challenge often is indicating when you have sufficient change in the cRSI to...