The Relative Strength Index Exhaustion with Divergence is an essential replacement of the standard Relative Strength Index Oscillator because it's able to identify and highlight hidden exhaustions together with Bullish/Bearish Regular and Hidden Divergences.
This indicator can give the outmost probability in spotting trend reversals or trend continuation.
By...
This strategy utilises 3 different conditions that have to be met to buy and 1 condition to sell. This strategy works best on the ETH/USDT pair on the 4-hour timescale.
In order for the strategy to enter the trade, it must meet all of the conditions listed below:
ENTRY
RSI increases by 5
RSI is lower than 70
MA9 crosses above MA50
To exit a trade, the below...
█ OVERVIEW
TASC's October 2022 edition Traders' Tips includes the second part of the "Relative Strength Moving Averages" article series authored by Vitali Apirine. This is the code that implements the Relative Strength Volume-Adjusted Exponential Moving Average (RS VA EMA) presented in this publication.
█ CONCEPTS
In his article series, the author...
This script helps assess the relative returns of each leg in a two-legged spread. It shows the z-score of each period's returns, along with a moving average of the difference between the two returns. A negative moving average implies that the second leg is strengthening, on a relative return basis, against the first leg, and vice versa. The inputs are:
-...
The Mansfield Relative Strength ( Mansfield RS ) is one of the core components of the Stan Weinstein's Stage Analysis method as discussed in his classic book Stan Weinstein's Secrets for Profiting in Bull and Bear Markets .
The Mansfield RS measures the relative performance of the stock compared to an index such as the S&P 500, or to another stock etc....
Hello Traders.
Lets keep it simple..
1. Take the major pairs that have USD in them and watch their change over a specific timeframe.
2. Now lets sort these changes of each pair from the most positive to the most negative.
Good, I see you have some ideas already.
This is exactly what this indicator does. You will visualize the biggest change in pairs...
The Stage Analysis Technical Attributes (SATA) is a unique highly visual indicator to help identify the four stages from Stan Weinstein's Stage Analysis method, as described in the classic book Stan Weinstein's Secrets for Profiting in Bull and Bear Markets .
The indicator is made up of 10 separate bands. Each of which is coloured be either Positive (Green),...
The RSI is a traders friend - it can provide insight that other indicators simply cannot. The RSI achilles heel is that it can often fail to highlight divergence. Constance Brown attempted to resolve this problem with the 'Composite index' - a powerful tool. However.. for me, looking at two indicators can get a bit much - especially if viewing multiple...
stepping algorithm to smooth RSI and CCI combined . This allows for noise reduction and better identification of breakouts/breakdowns/reversals.
Green is buy and Red is sell
An update to my original Currency Strength script to include a 2nd timeframe for more market context.
Changed the formatting slightly for better aesthetics, as the extra column and colors became unsightly.
Also added a new setting for "Flat Color", which changes the value background to a simple green/red for above or below 50, rather than using the Color Scale...
Mainly this indicator is a Relative strength indicator which tells us about the strength of a scrip as compared to an index . That is it outperforming the index or underperforming . Outperformance signifies Strength and Under performance signifies Weakness .Inspired from Bharat trader's Relative Strength of a stock , but changing the period for all time frames is...
It is with RSI level
and Zigzag Pattern that Market goes on Maximum level and Lower Level
And it is also Showing High and Law Level of last Moving Candle so it is easy to entry and Hold
This relative strength indicator compares the G8 currencies against each other in all 28 combinations. It uses the 200 period moving average as a scoring system. For example on eurusd if current price action is above the MA that is +1 for the eur and -1 for the dollar and the inverse is applied if current price is under the 200 ma. The higher the number the...
This simple indicator computes the average Relative Strength Index of each Banknifty stock and displays the volume on the chart with color schemes while the average line indicates the average RSI of all Bank Stocks. This indicator works on Banknifty and its stocks.
It works on all time frames
How You can use this?
You can use this indicator for Volume...
The candle strength indicator depicts the average strength of the price action by evaluating bullish vs bearish candles.
The scale is relative to price fluctuation and the size of the candles for the particular ticker / market, so there are no significant levels.
A cross on the zero line would generally indicate a change in trend / sentiment.
This indicator...
Relative Strength Breakout is always a great indicator of change in trends. This indicator is a visual attempt to show the region of outperformance of a stock with respect to a sector or primary indicator.
The color indicated should read as below
1) Color Red: Indicates that the selected script is underperforming the indexing with which it is compared
2) Color...
This is a relative strength model for Indian Stock Markets where in the price of the stock in the current scenario is compared with the benchmark indices ( NIFTY / BANKNIFTY) over a period of 55 days ( by default).
This indicator also has RSI and Supertrend built-in by default. Hence this indicator can be used in place of 3 indicators.
How to use?
1. When the...
