what is "RSI Divergence Strategy"? it is a RSI strategy based this indicator: what it does? it gives buy or sell signals according to RSI Divergences. it also has different variables such as "take profit", "stop loss" and trailing stop loss. how it does it? it uses the "RSI Divergence" indicator to give signal. For detailed information on how it works, you...
This is a MTF HUD built around Chartguy Dan's trading style of 12/26 EMAs and RSI levels from multiple time frames. The HUD is configurable, allowing you to change the time frame of RSI levels and EMAs. The EMAs can be displayed at their current price or a percentage distance away. The HUD values will change color.
This is my own Twist on Larry Connors Simple Tradingideas. It Combines the RSI, Averaging In and the Lowest Bars in a Single System. The current Configuration is designed for the Daily Timeframe. Feel free to play with the Parameters and keep in mind that Larry Intended to buy fear and sell the greed! The Rules are the following: ---Buy--- Buy, if the lowest...
Divergence finder used to find BUY or SELL Signal based on a divergence between Price and RSI (Price goes UP when RSI goes down / opposite ) You can configure the script with several Options : Source for Price Buy Div : you can use the close price of the candle (by default) or use the high price of the candle for exemple. Source for Price Sell Div : you can use...
Basically just plots the RSI and the RSI of another stock you pick. Then subtracts the two and makes a histogram showing who's winning.
What is "RSI Divergence"? "RSI Divergence" is a indicator that find RSI divergence automatically. What it does? When it finds an RSI divergence, it draws a line on the indicator. How it does it? The lines are found using the least squares method. If the signs of the linear regression on the graph and the linear regression plotted on the RSI are different, this...
A lot of people run both stochastic and rsi on one chart so I figured I would make something that combines the two. This script takes both the rsi and the stochastic, smooths them both and then plots them both on top of each other. I have filled it to make an error range and I colored it with the direction of its mean. I hope this frees up some room on your...
The RSI is a contrarian indicator bounded between 0 and 100 where values close to the area of 30 represent an oversold condition and values close to the area of 70 represent an overbought condition. Generally, we use the area of 70/75 and the area of 30/25 as extremes that signal a market reversal or a correction. But what if we calculate a simple way to make...
Speaking on the reason for Bank Nifty hitting record high, Saurabh Jain, AVP — Research at SMC Global Securities said, "Reason for a rally in Bank Nifty can be attributed to three major reasons — hawkish interest rate regime making overseas lending dearer for big corporates in comparison to Indian lenders, rising interest rate expected to improve margins of Indian...
This is indicator plot Heikin Ashi of chart with RSI data You can use this indicator like normal RSI with divergence or cross overbought oversold level It can help you find pivot better and have better visual of market conditions when market overbought or oversold
Band of Filtered RS by Mustafa ÖZVER This code shows a range (max-min values) price may get if we get strong movements. These values is based on RSI (Relative Strange Index). And also these are calculated using RSI, if we get trades to make rsi is equal to 25 (or rsi down limit) or 75 (rsi up limit) or any value you set, how much will price value get? This code...
The Fusion Oscillator aggregates several extremely-similar directional oscillators (RSI, MFI, MACD, CCI, TSI, RVI) into one average to visualize indicator agreement. To do this, I normalized several oscillators between to ensure equal weight. The white line is the directional oscillator . The yellow line (turned off) is the nondirectional oscillator -...
Hello traders, This indicator is the enhancement to my previous indicator (RSI+OBV). There is combined RSI and OBV with DMI. This new indicator is combination of RSI and OBV with VWAP . I have been using this indicator for intraday trades in NIFTY & BANKNIFTY . The white line indicates the movement of VWAP wrt current price. There default range for this has been...
This is an indicator that shows the inflow and outflow of volume into a financial instrument. Volume is likely one of the most underrated source of data in trading unfortunately so there seems to be a lack of studies on it. The size of the candle is related to the strength of the move. The calculations for this are: cumulative sum of +volume if open < close OR...
This is a smoothed rsi indicator. That means that the input for the rsi calculations is smoothed. This results in faster and smoother responses from the rsi! On top of that I have incorporated an advanced formula for rsi that will amplify weak signals. This means you can use longer times with accuracy. For instance if you are on the 3 minute and you want a 30...
Still experimental. Extending further on the divergence backtest results - in this script we try to project next 2 pivots (including one unconfirmed pivot) 🎲 Previous experiments 1. Divergence-Backtester 2. Divergence-Backtester-V2 🎲 Additions Apart from collecting the stats on number of occurrences of HH, HL, LH, LL - this script also keeps track of...
Simple strategy ============= If the last two closes are in ascending order, the rsi is below 50 and ascending, and the current candle is above 200 ema, then LONG. If the last two closes are in descending order, the rsi is above 50 and descending, and the current candle is below 200 ema, then SHORT. LONG Exit strategy: ATR: Last 14 day Lowest: The lowest...
Relative Strength Index (RSI) + Realtime Divergences This version of the RSI indicator includes the following features: - Optional divergence lines drawn directly onto the oscillator in realtime. - Configurable alerts to notify you when divergences occur. - Configurable lookback periods to fine tune the divergences drawn in order to suit different trading...