-This script utilizes simple color changes of the TSI output signals to aid in interpretation of the classic TSI indicator. -Crosses of the TSI value line and signal line are a bullish or bearish indication. TSI value line is colored green or yellow to help identify that the TSI value line is either dropping or rising, while over or under the signal line. -This...
This script is intended to help the viewer identify potential turning points with momentum "headwinds" or "tailwinds" with a visual que at the bar level. The presence of arrows indicates that the TSI indicator is either "curling" up under the signal line, or "curling" down over the signal line. This can help to anticipate reversals, or moves in favor of trend...
I created a single indicator that combines 1) Cyclic Smoothed RSI and 2) the Divergence indicator (bull, bear). It is very handy when used with the MACD and crossover points. Please refer to for info on how to use the cRSI indicator. Info on the chart. 1) Red dotted lines = cRSI crossed back from overbought and crossover in MACD 2) Red solid lines = Bear...
Indicator to identify signal candles for the Larry Connor CuRSI2 Setup (Cumulative RSI2 Setup) Green Candle when sum of RSI2 of the last two candles are smaller than the limit set by the user.
Default values: RSI = white RSI Prime ( RSI of RSI ) = yellow EMA 34 = blue EMA 55 = red They are listed in order of reactiveness to price changes. Think of them like the Williams Alligator... White and yellow work the fastest, with WHITE being signal and YELLOW being trigger. Great for LTF Blue and red work the slowest, with BLUE being frequently testing RED as...
Rainbow Ribonacci RSI is a modified version of RSI with Rainbow Ribbon of Fibonacci period and levels: RSI lines modified to consists of several Fibonnaci Period Length of 3, 5, 8, 13; RSI levels modified to contain the Fibonacci Percentage Levels of 78.6%, 61.8%, 50%, 38.2% and 23.6%; Color fills between RSI lines; Color fills between RSI levels. The...
Easy to spot BUY/LONG or SELL/SHORT ENTRY POINT opportunities. Just follow this 9 RULES! Rule 1. ONLY THINK OF GETTING IN A POSITION when BackgroundWave is coloured GREEN and ON POSITIVE SIDE of Flat White Line Rule 2. ONLY THINK OF GETTING IN A POSITION when BackgroundWave is coloured RED and ON NEGATIVE SIDE of Flat White LineRule Rule 3. ENTER BUY POSITION...
Having Fun with Arrays. I couldn't load all of the images into their respective arrays without getting an "Internal Pine error" So I commented out some of them. You can pop them back in, but make sure to disable another in its place. Vader Pine Logo &hearts Bitcoin pAulse
Buy signal when RSI=>50, Stoch=>50, and MACD is above signal line. Set buy to the high of Buy signal candle and add 0.01. Sell signal when RSI<50, Stoch<50, and MACD is below signal line. Set sell to the low of Sell signal candle and subtract 0.01. Works well on Daily charts.
Hi Traders. In my never ending obsession with Support and Resistance , I built an indicator to show the last Support and Resistance Lines based on RSI . The indicator draws a new Support Line when RSI comes out of oversold and a new Resistance Line when RSI comes out of overbought. It also shows a panel with the current Support and Resistance Levels. It's a...
More a novelty than anything useful. Measures the % of overbought/sold RSI and renders as a pie chart. RSI % -> Radians -> (x,y) -> bar_time. 24hr market charts only.
Experimental attemt of applying Logistic Map Equation for some of widly used indicators. With this study "Awesome Oscillator (AO)", "Rate of Change (ROC)", "Relative Strength Index (RSI)", "Stochastic (STOCH)" and a custom interpretation of Logistic Map Equation is presented Calculations with Logistic Map Equation makes sense when the calculated results...
Can the inverse of an oscillator help you to forecast support and resistance? This is an experimental adaptive support and resistance study based on Giorgos Siligardos's reverse-engineered relative strength index, or RevEngRSI along with zigzag study based on J. Welles Wilder’s relative strength index. Giorgos Siligardos holds a PhD in Mathematics and a Market...
Hello everyone , This script plots relative strength(rsi) of 14 period in last 30 candles under the candle, this helps u in finding the strength of the trend , I use it for my exit trades, the default label length is 30.
This script is designed to show dips during Bitcoin bull markets, assuming that Bitcoin finds its local low points in that market phase mostly around the MA(20W=140D) while having a low RSI value. Some other condition is also used to really only trigger after a distinct uptrend has begun. This indicator should only be used on the daily (D) timeframe, and...
It is an RSI indicator. Unlike the rest, we can see at a glance areas of over-buying and over-selling. We can also see the crossing of the RSI indicator with the Exponential Moving Average with its colored areas.
What is Liquidity Based RSI Candles We all know markets and market makers work over liquidity concepts, Liquidity is what makes market cyclic and drives it! The aim of this experimental Indicator is to identify the liquidation points and levels where the big players are actually playing, and conjure it by plotting over RSI Candles. RSI Candles shows RSI...
RSI Double Decker is simple combination of 2 RSI We have used double RSI -5 period and 14 period ,timeframe used is one hour ,timeframe can be modified as per your strategy this indicator helps you to stay away when its sideways BUY- when 5 period RSI crosses above 14 period RSI rsi14 > 50 and rsi5 >70 SELL-when 5 period RSI crosses below 14 period RSI ...