The RSING indicator was created by Alon Horesh (Stocks & Commodities March 2021 pg 11) and this aims to be a better version of rsi that adapts to volume as well as a focus on overall strength. This is trying to fix the issues with the traditional RSI with a lack of volume and the issue where you could have the indicator stay in overbought or oversold territory but...
The Parabolic RSI is a fusion between two of Welles Wilder Jr.'s indicators:
* The parabolic stop-and-reverse: A trend following overlay indicator.
* The relative strength index: A contrarian indicator bounded between 0 and 100.
The parabolic RSI applies the RSI formula on the parabolic stop-and-reverse which in turn is applied on the market price. The main aim...
The Code Runner is a hybrid indicator that leverages other pre-configured, integrated open-source algorithms to help traders spot regular and continuation divergences.
The Code Runner specialises in integrating some of the most popular oscillators well known for their accuracy when scalping using divergence strategies.
The Code Runner...
so I decided to share this simple useful RSI indicator. you enter the level you think the current candle might hit or close at, it gives you the relevant RSI, how can you use it? you wanna find an EW wave5 but you are not sure which level is the final returning point, 1.128? 1.272 or 1.618 ?
simply write the level's price and it will tell you what rsi you will...
Script is extended version of usual RSI script
This script plots VWMA(RSI7) vs EMA(RSI7) under pre-set time frame.
Strategy is to make sure both points remain in the Green zone while entering into BUY position
Use it as indicator not as financial advice.
Today, I share the classic RSI.
As in the last indicator (moving average oscillator by ) I try to show you how you can take advantage of any indicator to infinity.
For now I let you experiment with the "2" RSIs and their histograms to measure divergence.
The 1st and 2nd RSI are fully customizable together or separately. Length, source,...
RSI with a twist. The values are calculated differently depending upon whether the RSI is above or below the centre point. I have found this gives:
More pronounced divergences which are easier to spot and more accurate at predicting local top and bottoms
More accurate indications of overbought/oversold conditions.
Тройной индикатор "относительной индекс силы". В одном окне сразу три графика с разными диапазонами. Это позволяет одновременно смотреть динамику в разных диапазонах. Красная линия самая быстрая, зеленая -средняя, синяя самая медленная. Когда линии расходятся, то это показывает силу движения, а схождение линий гововит о замедлении. Таким образом, появляются новые...
I realized that I can use my PEMA indicator () as ocillator too, so I created this indicator.
Good to compare top and bottom (get divergences), and oversold and overbought areas (like RSI).
If you liked, send me a small amout of bitcoin to 1NR9tyn8tAn6nuQzosaZ2SkfT38PLxN5mf it will encorage me to create other indicators open source.