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업데이트됨 Weighted Relative Strength Index [SeerQuant]

Weighted Relative Strength Index (WRSI) [SeerQuant]
The Weighted Relative Strength Index (WRSI) is an advanced momentum oscillator that enhances the traditional RSI by incorporating customizable weighting methods and moving average smoothing. With dynamic threshold logic, color-coded visuals, and optional candle coloring, the WRSI provides traders with a versatile tool for identifying trends, overbought/oversold conditions, and momentum shifts.
⚙️How It Works
1. Weighted Momentum Calculation
The indicator calculates price changes (delta) and applies a user-defined weighting method (e.g., Volume, Momentum, Volatility, or Reversion Factor) to emphasize specific market dynamics.
2. Custom Moving Average Integration
Weighted upward and downward price movements are smoothed using a selectable moving average type (e.g., SMA, EMA, TEMA, etc.), producing a weighted RSI that blends momentum and trend data.
3. Smoothed RSI Output
An additional moving average is applied to the weighted RSI for a smoothed version, offering a clearer view of momentum trends.
4. Threshold Logic
Bullish (Uptrend): WRSI exceeds the upper neutral zone boundary (50 + Neutral Zone).
Bearish (Downtrend): WRSI falls below the lower neutral zone boundary (50 - Neutral Zone).
Neutral: WRSI remains within the neutral zone.
Extreme overbought (90+) and oversold (20-) levels are marked with X’s for quick identification.
5. Dynamic Visual Representation
A color-coded line reflects the WRSI, adjusting hues based on trend direction.
Gradient fills highlight overbought/oversold zones and neutral areas.
Optional candle coloring ties price action to WRSI or smoothed RSI values.
A histogram-style fill between the WRSI and midline enhances trend strength visibility.
✨Customizable Settings
Calculation Settings:
RSI Weighting Method:
Style Settings:
🚀Features and Benefits
📜Disclaimer
This indicator is for educational purposes only and does not constitute financial advice. Past performance does not guarantee future results. Always consult a licensed financial advisor before making trading decisions. Use at your own risk.
The Weighted Relative Strength Index (WRSI) is an advanced momentum oscillator that enhances the traditional RSI by incorporating customizable weighting methods and moving average smoothing. With dynamic threshold logic, color-coded visuals, and optional candle coloring, the WRSI provides traders with a versatile tool for identifying trends, overbought/oversold conditions, and momentum shifts.
⚙️How It Works
1. Weighted Momentum Calculation
The indicator calculates price changes (delta) and applies a user-defined weighting method (e.g., Volume, Momentum, Volatility, or Reversion Factor) to emphasize specific market dynamics.
2. Custom Moving Average Integration
Weighted upward and downward price movements are smoothed using a selectable moving average type (e.g., SMA, EMA, TEMA, etc.), producing a weighted RSI that blends momentum and trend data.
3. Smoothed RSI Output
An additional moving average is applied to the weighted RSI for a smoothed version, offering a clearer view of momentum trends.
4. Threshold Logic
Bullish (Uptrend): WRSI exceeds the upper neutral zone boundary (50 + Neutral Zone).
Bearish (Downtrend): WRSI falls below the lower neutral zone boundary (50 - Neutral Zone).
Neutral: WRSI remains within the neutral zone.
Extreme overbought (90+) and oversold (20-) levels are marked with X’s for quick identification.
5. Dynamic Visual Representation
A color-coded line reflects the WRSI, adjusting hues based on trend direction.
Gradient fills highlight overbought/oversold zones and neutral areas.
Optional candle coloring ties price action to WRSI or smoothed RSI values.
A histogram-style fill between the WRSI and midline enhances trend strength visibility.
✨Customizable Settings
Calculation Settings:
- Calculation Source: Select the price source (default: close).
- Calculation Length: Set the lookback period for RSI calculation (default: 14).
- Moving Average Type: Choose from SMA, EMA, RMA, WMA, VWMA, LSMA, HMA, ALMA, DEMA, or TEMA (default: RMA).
- Moving Average Length: Adjust the smoothing period for the weighted RSI (default: 8).
- Neutral Zone Range: Define the width of the neutral zone around the midline (default: 5).
RSI Weighting Method:
- Volume: Weights by trading volume.
- Momentum: Weights by absolute price momentum.
- Volatility: Weights by standard deviation.
- Reversion Factor: Weights inversely to variance for mean-reversion emphasis (default: Momentum).
Style Settings:
- Colour Choice: Pick from predefined schemes: Default, Modern, Cool, or Monochrome (default: Default).
- Use Custom Colors?: Toggle to use custom bull, bear, and neutral colors (default: false).
- Bull/Bear/Neutral Colors: Set custom colors when enabled (default: green/red/gray).
- Candle Color Mode: Color candles based on WRSI or smoothed RSI (default: RSI).
- Color Candles?: Enable/disable candle coloring (default: false).
🚀Features and Benefits
- Weighted Momentum Analysis: Enhances RSI with dynamic weighting for deeper market insights.
- Flexible Smoothing: Multiple MA types and adjustable lengths adapt to various trading styles.
- Visual Intuition: Color-coded outputs, gradient fills, and optional candle coloring simplify trend analysis.
- Customizable Thresholds: Neutral zone and extreme levels cater to individual strategies.
- Overbought/Oversold Signals: Clear markers for extreme conditions improve decision-making.
📜Disclaimer
This indicator is for educational purposes only and does not constitute financial advice. Past performance does not guarantee future results. Always consult a licensed financial advisor before making trading decisions. Use at your own risk.
릴리즈 노트
Added alert conditions for oversold, overbought, bullish and bearish conditions. 오픈 소스 스크립트
진정한 트레이딩뷰 정신에 따라 이 스크립트 작성자는 트레이더가 기능을 검토하고 검증할 수 있도록 오픈소스로 공개했습니다. 작성자에게 찬사를 보냅니다! 무료로 사용할 수 있지만 코드를 다시 게시할 경우 하우스 룰이 적용된다는 점을 기억하세요.
Follow along on X for daily market updates!
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
오픈 소스 스크립트
진정한 트레이딩뷰 정신에 따라 이 스크립트 작성자는 트레이더가 기능을 검토하고 검증할 수 있도록 오픈소스로 공개했습니다. 작성자에게 찬사를 보냅니다! 무료로 사용할 수 있지만 코드를 다시 게시할 경우 하우스 룰이 적용된다는 점을 기억하세요.
Follow along on X for daily market updates!
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.