Finnie's RSI Waves + Volume Colored Candles

Using RSI and 4 exponential moving averages, I created this indicator so that you can spot inconsistencies between price action and RSI . There's a lot of misunderstanding surrounding RSI , most people think if something's 'oversold' buying is a guarantee win. This definitely isn't the case as there's many more variable to consider. In addition, with this indicator, candles are colored based off of volume .


1. Determine trend
2. Find relative support/resistance
3. Once at support/resistance look for entries:
-RSI crossing over the Short EMA (CYAN) is your fist buy/sell signal
-Short EMA (CYAN) crossing Medium EMA (YELLOW) is your second
-RSI crossing Long EMA (PINK) is your final and most accurate signal
4. Once you've made an entry, you can follow step 3. in reverse for an exit


Dark Green candles = Strong Bullish volume
Light Green = Average Bullish volume
Dark Red candles = Strong Bearish volume
Light Red = Average Bearish Volume
Orange/blue means volume is conflicting with price action

I plan to add a Colored DOT over each crossover as a visual buy/sell signal if anyone has any suggestions that'd be great :)

本着真正的TradingView精神,该脚本的作者将其开源发布,因此交易者可以理解和验证它。为作者加油! 您可以免费使用它,但是在发布中重复使用此代码受网站规则的约束。您可以收藏它以在图表上使用。



well done. thank you for posting the wookie wonder indicator code
+1 回复
WookieWonders theGstack
@theGstack Thanks :) if you reuse the code you don't have to give me credit, unless you want too!
theGstack WookieWonders
@WookieWonders, always give credit where its due! Don't worry wook, I'll definitely have you linked in the comments
+2 回复
WookieWonders theGstack
@theGstack, I like how you operate <3 Curious to see where other's take this indicator :)
This is awesome, Wook, thx!
Any idea how to build similar but only on a subset of price candles: i.e. say, only on each Friday candle and ignore Mon-Thu price candles ? OR each first daily 1H candle ? I'm trying to build an indicator that compares only (e.g. 1H) candles of the first hour of each day to others like that to identify a particularly strong momentum by comparing the first hour's ranges (ATR) to that of previous days.

Many thanks in advance.
@Ramsez, Hey sorry for spotting this so late, but you're going to want to use python for that it seams.. more specifically matplotlib, numpy, tulipy
+1 回复
super amazing. Been using this intraday on the 10 minute.
WookieWonders bruitdefond
@bruitdefond, thanks for the comment :) any suggestions are welcome
I think adding up arrow and Down arrow at Buy and Sell points respectively would help. Thanks,
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 价格 推荐朋友 网站规则 帮助中心 网站 & 经纪商解决方案 插件 图表解决方案 轻量图表库 博客 & 新闻 Twitter
概览 个人资料设置 账户和账单 推荐朋友 代币 我的客服工单 帮助中心 私人消息 在线聊天 退出