This script shows RSI ( Relative Strength Index ) over a 2 week period (RSI2W). The RSI2W is used by some traders to identify tops and valleys. Taking historical BTC values as an example, the RSI 92+ (red lines) matches with the historical tops, and the RSI 40- (green lines) matches with the valleys, a good chance of bull markets' start.
In this indicator I would like you to read the exact support and resistance according to fractal reaction of Bollinger bands and Ichimoku cloud we can also see a lagging span in it which can affirm the market trends and crossing MA's giving buy and sell signal which indicates uptrend and downtrend it will be more powerful in future updates. I am explaining...
Hello traders, I would like to present you ATR Bands with QQE. This indicator is different than my other indicators I used QQE oscillator as an entry indicator, and atr bands I have used as an exit indicator. You can see 2 set of bands with different multiplicator, first is used as first target profit, stop loss and second as a second target There are two modes...
Using the RSA cross-indicator at points 70 and 30 Using the CCI cross indicator at points 100 and -100 Simultaneous use of RSA or CCI signal or both Exit at 0.5% profit
This is the updated version for PineScript V5 3x RSI indicator into 1. You can turn on or off all of them. Each RSI has 2 individual Moving Averages that can also be changed to be "Full RSI" in the settings. This makes 3x3 = 9 indicators on screen at the same time. (you can turn them on or off) It has Bullish and Bearish divergence and hidden divergence as...
This is a MATIC/USD or USDT specific implementation of my BNB/USD 1 hour bot. It should work out of the gate correctly for MATIC, at least based on what has been happening with it for the past seven weeks. You can fiddle with the following settings using the gear icon: Fast and slow MACD length The decision to use RSI thresholds as requirements for buys and/or...
Overview A few days ago I wrote a new RSI-based strategy. The idea was that you could set up buy and sell RSI thresholds and when RSI crossed that threshold it would make a buy or a sell depending on which one it hit. It worked very well on multiple coins that I tested. I then started to think that maybe there was a better way to execute this concept using...
This is the customer indicator built by "TurtleQuants" based on the relative strength against the broader index. This indicator is built purely based on technicals and price action, does not include any fundamentals of the company / script. This works the best on Weekly Time, while can also be used on Daily Time. This is not designed for hourly or Intraday...
Authored by Kuntanut - To The Milky Way HLR Strategy : HLR Strategy is developed from the HLR Indicator. HLR Strategy is the trend-following strategy, bases on the logic to follow the long position when the market is considered to entry the overbought area which means the assets is in the investor interested, and the fear-of-missing-out might be occurred, and...
Authored by Kuntanut - To The Milky Way HLR Indicator : HLR Indicator is developed from the RSI Indicator. This indicator has benefits to support the technical analysis in many ways such as momentum divergence detection, overbought, and oversold. Modifying the source of the calculation from close to high for the bearish momentum detection, and close to low for...
Our Developer Malin converted the built-in RSI divergence indicator to MFI (Money Flow Index). How to apply? Notice 1: MFI, unlike the RSI, incorporates volume. It thus is an indicator of a higher precision when it comes to finding the the moment to sell - or - the moment to enter. Notice 2: In Ranging Markets MFI (and RSI) is a solid momentum indicator to buy...
I looked all over TradingView and could not find a script that specifically does this so I wrote one. It's not complicated but it works pretty well. Essentially the concept is that you specify two RSI values: a buying threshold and selling threshold. The indicator will make buys based on RSI crossing your buy threshold and sells based on it crossing your sell...
This is a special relative strength index indicator that includes the following: - Bollinger Bands on the RSI - EMA on the RSI - SMA on the RSI You can use the Bollinger bands on the RSI to identify extreme volatility and momentum areas based on the RSI You can also use RSI break out of the EMA or SMA as a confluence of strong momentum.
About The Indicator I want to start with a few short paragraphs of how this indicator came to be and why it's different than 80% of the indicators on this platform. If you are just interested in how the indicator works, you can skip the story, although I recommend at least skimming through it. Originally, this indicator was developed to be part of a...
This strategy is just an attempt to find the indicator values for the trading bot service that I use (link in profile). Due to the use of the “request.security” function in the code, the indicators can be redrawn, but this is not important in history. The strategy used only 5 orders for the "DCA" - bot, located at the same distance in the price overlap range. I...
RSI BANDS: It is an exclusive product of ApiDevs , this indicator selectively integrates a series of highly advanced algorithms that aim to provide the trader with an effective and profitable trading system, based on a series of conditions that project the price direction with a reasonable probability. This indicator bears the name of “RSI Bands” , this is...
MAJOR UPDATE: - Update to Pinescript v5 - MAJOR refactor for the logic of how orders are placed. BO order is placed when the condition is first encountered and we are not in a deal. The extra SO orders (if based on price movement) are all placed on the next candle after BO order, instead of each being placed one after another. Take profit (if percentage) and Stop...
TRADITIONAL RSI The RSI (Relative Strength Index) is an oscillator-type indicator used by traders who perform technical analysis to estimate the status of overbought or oversold of an asset on the stock market. This tool gives the trader the advantage of comparing supply and demand (buying and selling), therefore, we must take into account the following...