PROTECTED SOURCE SCRIPT

RSI and market strength with alerts

已更新
By combining the true strength of the Nasdaq (NDX) and S&P500 ( SPY ) we can then compare that against the volatility /fear index ( VIX ). The true strength of the Volatility Index ( VIX ) is shown by the red area and the Nasdaq (NDX) and S&P500 ( SPY ) by the silver /teal areas.

The yellow EMA area shows the average difference between the VIX and the NDX/ SPY indexes. When the yellow area crosses above the zero line and is climbing it means that the NDX/ SPY are strengthening. When the yellow area is decreasing or crosses under the zero line it means the fear/volatility index ( VIX ) is becoming stronger and NDX/ SPY are weakening. The RSI is overlaid as a white line to show the correlation of the instrument strength compared to the market.

When looking at charts of companies/components listed on the Nasdaq and/or S&P 500 you will notice a frequent correlation between the movement of the yellow area depicting index health and the RSI of the chart you are viewing. It’s a very quick and effective method of seeing the strength and fear within the market indexes and how they are effecting your chart.

The background color changes when the market strength combined with the active symbol RSI and higher timeframe MACD signals are aligned. Green is a buy zone, Red is a sell zone.
There are also red and green indicator x’s at the top/bottom of the indicator. They show a drastic change in Relative strength within a short period. This often indicates a buy or sell opportunity.
It is tested and works well on all timeframes with Stocks listed on NASDAQ & S&P500 .

Buy, Sell, Exit Buy and Exit Sell alerts are included.

There are also red and green indicator x’s at the top/bottom of the indicator. They show a drastic change in Relative strength within a short period. This often indicates a buy or sell opportunity.
版本注释
Description updated.
keironrichieMoving Average Convergence / Divergence (MACD)OscillatorsRelative Strength Index (RSI)

受保护脚本

该脚本是闭源发布的,您可以自由使用它。您可以收藏它以在图表上使用。您无法查看或修改其源代码。

想在图表上使用此脚本?

免责声明