RSI PRECISION (Plus MACD & SMA Signals)
Codded by Giorgos Protonotarios, March 2022
This is an enhanced version of RSI PRECISION that incorporates RSI readings and key TA signals into a single oscillator.
■ RSI PRECISION SHORT DESCRIPTION & WHAT IS NEW
RSI PRECISION is an oscillator designed to enhance the classic RSI with price volatility and make it more accurate at longer time frames and during choppy market conditions. The oscillator is ideal for analyzing volatile markets, such as the cryptocurrency market.
In this second version, the RSI Precision formula remains the same, however, there are additional features.
The new oscillator now includes three different trading signals:
• MACD Crossovers (•) -New
• SMA Death/Golden Crosses (x) -New
• RSI Crossovers/Crossunders (▲▼)
■ MACD BULLISH & BEARISH CROSSOVERS
The MACD signals are visualized by a green/red dot (•). The default settings are the standard MACD settings (12,6,9).
NOTE: In lower timeframes, MACD generates too many signals. You can switch off “MACD BULLISH & BEARISH CROSSOVERS” by clicking on ‘SETTINGS’, then ‘STYLE’, and then unselecting ‘Bullish MACD Cross’ and ‘Bearish MACD Cross’.
(i) Bullish MACD cross
• Symbol: Green Dot (•) on the Top
• Event: MACD crosses above its signal line
(ii) Bearish MACD cross
• Symbol: Red Dot (•) on the Bottom
• Event: MACD crosses below its signal line
■ SMA CROSSOVERS
The SMA crossovers are visualized by (X). By default, 50 periods for the fast SMA and 200 periods for the slow SMA (both are customizable).
NOTE: If you change the fast SMA to 1 period, the fast SMA becomes the closing price. Therefore, you can receive signals when the price crosses a key MA, for example, SMA(200).
(i) Bullish SMA Cross
• Symbol: Green (X) on the Top
• Event: The fast SMA crosses above the Slow SMA
(ii) Bearish RSI Cross
• Symbol: Red (X) on the Bottom
• Event: The fast SMA crosses below the Slow SMA
You can adjust the periods for both SMAs (Settings).
■ RSI CROSSOVER/CROSSUNDER
This signal corresponds to a bullish/bearish RSI Precision cross. By default, it is 5 for a bullish crossover and 100 for a bearish crossunder. Of course, these numbers are indicative and can be customized.
(i) Bullish RSI Precision Cross
• Symbol: Green arrow (▲) on the Top
• Event: The RSI Precision crosses above level 5
(ii) Bearish RSI Precision Cross
• Symbol: Red arrow (▼) on the Bottom
• Event: The RSI Precision crosses below level 100
■ RSI PRECISION MISSION
To enhance RSI and make it more accurate on longer time frames, choppy market conditions, and especially during market tops/bottoms.
■ RSI PRECISION OBJECTIVES
(1) identify overbought/oversold market levels in a simple and user-friendly manner
(2) make precise calculations near market tops and bottoms, where price volatility is always booming
(3) make precise calculations on longer time frames (monthly, weekly) where RSI readings are hardly readable
(4) offer three types of trading signals (RSI, MACD, SMA)
■ RSI PRECISION CALCULATIONS
The RSI PRECISION formula consists of 3 different modules:
(a) Relative Strength Index readings
(b) Price Volatility module
(c) RSI Volatility module (optional)
■ BASIC SETTINGS
--RSI PERIODS: -By default, 14.
---RSI PRECISION FORMULA
(i) RSI FACTOR (%)
-You can adjust the weight of RSI readings in the formula.
-By default, 100%.
(ii) PERIODIC PRICE VOLATILITY (%)
-You can adjust the weight of Periodic Price Volatility in the formula.
-By default, 100%.
(iii) RSI VOLATILITY (%)
-This is an extra measurement of volatility. This time the focus is exclusively on periodic RSI volatility, not on price volatility.
-By default, 5%.
--RSI CROSSOVER/CROSSUNDER LEVELS
You can adjust the levels for an RSI PRECISION crossover/crossunder.
- By default, 5 for a bullish crossover and 100 for a bearish crossunder.
--PERIODS FOR SMA CROSSOVERS
You can adjust the periods for the two SMAs.
-By default, 50 periods for the fast SMA and 200 periods for the slow SMA. Some traders describe the crossing of these two SMAs (50/200) as the “Golden/Death Crosses”.
■ FINAL THOUGHTS
The new RSI Precision combines everything in one place. I have been using this enhanced version, myself, as my only oscillator.
As always, happy trading... and remember to make charts, not war.
□ Giorgos Protonotarios,
Financial Analyst, Building Web
(March 2022)
Codded by Giorgos Protonotarios, March 2022
This is an enhanced version of RSI PRECISION that incorporates RSI readings and key TA signals into a single oscillator.
■ RSI PRECISION SHORT DESCRIPTION & WHAT IS NEW
RSI PRECISION is an oscillator designed to enhance the classic RSI with price volatility and make it more accurate at longer time frames and during choppy market conditions. The oscillator is ideal for analyzing volatile markets, such as the cryptocurrency market.
In this second version, the RSI Precision formula remains the same, however, there are additional features.
The new oscillator now includes three different trading signals:
• MACD Crossovers (•) -New
• SMA Death/Golden Crosses (x) -New
• RSI Crossovers/Crossunders (▲▼)
■ MACD BULLISH & BEARISH CROSSOVERS
The MACD signals are visualized by a green/red dot (•). The default settings are the standard MACD settings (12,6,9).
NOTE: In lower timeframes, MACD generates too many signals. You can switch off “MACD BULLISH & BEARISH CROSSOVERS” by clicking on ‘SETTINGS’, then ‘STYLE’, and then unselecting ‘Bullish MACD Cross’ and ‘Bearish MACD Cross’.
(i) Bullish MACD cross
• Symbol: Green Dot (•) on the Top
• Event: MACD crosses above its signal line
(ii) Bearish MACD cross
• Symbol: Red Dot (•) on the Bottom
• Event: MACD crosses below its signal line
■ SMA CROSSOVERS
The SMA crossovers are visualized by (X). By default, 50 periods for the fast SMA and 200 periods for the slow SMA (both are customizable).
NOTE: If you change the fast SMA to 1 period, the fast SMA becomes the closing price. Therefore, you can receive signals when the price crosses a key MA, for example, SMA(200).
(i) Bullish SMA Cross
• Symbol: Green (X) on the Top
• Event: The fast SMA crosses above the Slow SMA
(ii) Bearish RSI Cross
• Symbol: Red (X) on the Bottom
• Event: The fast SMA crosses below the Slow SMA
You can adjust the periods for both SMAs (Settings).
■ RSI CROSSOVER/CROSSUNDER
This signal corresponds to a bullish/bearish RSI Precision cross. By default, it is 5 for a bullish crossover and 100 for a bearish crossunder. Of course, these numbers are indicative and can be customized.
(i) Bullish RSI Precision Cross
• Symbol: Green arrow (▲) on the Top
• Event: The RSI Precision crosses above level 5
(ii) Bearish RSI Precision Cross
• Symbol: Red arrow (▼) on the Bottom
• Event: The RSI Precision crosses below level 100
■ RSI PRECISION MISSION
To enhance RSI and make it more accurate on longer time frames, choppy market conditions, and especially during market tops/bottoms.
■ RSI PRECISION OBJECTIVES
(1) identify overbought/oversold market levels in a simple and user-friendly manner
(2) make precise calculations near market tops and bottoms, where price volatility is always booming
(3) make precise calculations on longer time frames (monthly, weekly) where RSI readings are hardly readable
(4) offer three types of trading signals (RSI, MACD, SMA)
■ RSI PRECISION CALCULATIONS
The RSI PRECISION formula consists of 3 different modules:
(a) Relative Strength Index readings
(b) Price Volatility module
(c) RSI Volatility module (optional)
■ BASIC SETTINGS
--RSI PERIODS: -By default, 14.
---RSI PRECISION FORMULA
(i) RSI FACTOR (%)
-You can adjust the weight of RSI readings in the formula.
-By default, 100%.
(ii) PERIODIC PRICE VOLATILITY (%)
-You can adjust the weight of Periodic Price Volatility in the formula.
-By default, 100%.
(iii) RSI VOLATILITY (%)
-This is an extra measurement of volatility. This time the focus is exclusively on periodic RSI volatility, not on price volatility.
-By default, 5%.
--RSI CROSSOVER/CROSSUNDER LEVELS
You can adjust the levels for an RSI PRECISION crossover/crossunder.
- By default, 5 for a bullish crossover and 100 for a bearish crossunder.
--PERIODS FOR SMA CROSSOVERS
You can adjust the periods for the two SMAs.
-By default, 50 periods for the fast SMA and 200 periods for the slow SMA. Some traders describe the crossing of these two SMAs (50/200) as the “Golden/Death Crosses”.
■ FINAL THOUGHTS
The new RSI Precision combines everything in one place. I have been using this enhanced version, myself, as my only oscillator.
As always, happy trading... and remember to make charts, not war.
□ Giorgos Protonotarios,
Financial Analyst, Building Web
(March 2022)
Qexpert.com -George Protonotarios