AlgoAlpha

Supertrended RSI [AlgoAlpha]

🚀📈 Introducing the Supertrended RSI Indicator by AlgoAlpha!

Designed to empower your trading decisions, this innovative Pine Script™ creation marries the precision of the Relative Strength Index (RSI) with the dynamic prowess of the SuperTrend methodology. Whether you’re charting the course of cryptos, riding the waves of stock markets, or navigating the futures landscape, our SuperTrended RSI Indicator is your go-to tool for uncovering unique trend insights and crafting trading strategies. 🌟

Key Features:
  • 🔍 Enhanced RSI Analysis: Combines the traditional RSI with a supertrend calculation for a dynamic look at market trends.
  • 🔄 Multiple Moving Averages: Offers a selection of moving averages including SMA, HMA, EMA, and more for tailored analysis.
  • 🎨 Customizable Visuals: Choose your own color scheme for uptrends and downtrends to match your trading dashboard.
  • 📊 Flexible Input Settings: Tailor the indicator with customizable lengths, factors, and smoothing options.
  • Real-Time Alerts: Set alerts for bullish and bearish reversals to stay ahead of market movements.

Quick Guide to Using the Supertrended RSI Indicator

Maximize your trading with the Supertrended RSI by following these streamlined steps! 🚀✨

  1. 🛠 Add the Indicator: Search for "Supertrended RSI " in TradingView's Indicators & Strategies. Customize settings like RSI length, MA type, and Supertrend factors to fit your trading style.

  2. 🎨 Visual Customization: Adjust uptrend and downtrend colors for clear trend visualization.

  3. 📊 Market Analysis: Watch for the Supertrend color change for trend reversals. Use the 70 and 30 lines to spot overbought/oversold conditions.

  4. 🔔 Alerts: Enable notifications for reversal conditions to capture trading opportunities without constant chart monitoring.

How It Works:
At the core of this indicator is the combination of the Relative Strength Index (RSI) and the Supertrend framework, it does so by applying the SuperTrend on the RSI. The RSI settings can be adjusted for length and smoothing, with the option to select the data source. The Supertrend calculation takes into account a specified trend factor and the Average True Range (ATR) over a given period to determine trend direction.

Visual elements include plotting the RSI, its moving average, and the Supertrend line, with customizable colors for clarity. Overbought and oversold conditions are highlighted, and trend changes are filled with distinct colors.

🔔 Alerts: Enable alerts for crossover and crossunder events to catch every trading opportunity.

🌈 Whether you're a seasoned trader or just starting, the Supertrended RSI offers a fresh perspective on market trends. 📈

💡 Tip: Experiment with different settings to find the perfect balance for your trading style!

🔗 Explore, customize, and enhance your trading experience with the Supertrended RSI Indicator! Happy trading! 🎉

🚨Get premium: algoalpha.io

🛜Get FREE signals: discord.gg/xCmqTVRexz

❓Do you have feedback or indicator ideas? Join our server to tell us about it: discord.gg/xCmqTVRexz
开源脚本

本着真正的TradingView精神,该脚本的作者将其开源发布,以便交易者可以理解和验证它。为作者喝彩!您可以免费使用它,但在出版物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。

免责声明

这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。

想在图表上使用此脚本?