WookieWonders

Finnie's RSI Waves + Volume Colored Candles

Using RSI and 4 exponential moving averages, I created this indicator so that you can spot inconsistencies between price action and RSI . There's a lot of misunderstanding surrounding RSI , most people think if something's 'oversold' buying is a guarantee win. This definitely isn't the case as there's many more variable to consider. In addition, with this indicator, candles are colored based off of volume .

INDICATOR USE:

1. Determine trend
2. Find relative support/resistance
3. Once at support/resistance look for entries:
-RSI crossing over the Short EMA (CYAN) is your fist buy/sell signal
-Short EMA (CYAN) crossing Medium EMA (YELLOW) is your second
-RSI crossing Long EMA (PINK) is your final and most accurate signal
4. Once you've made an entry, you can follow step 3. in reverse for an exit



COLORED CANDLES:

Dark Green candles = Strong Bullish volume
Light Green = Average Bullish volume
Dark Red candles = Strong Bearish volume
Light Red = Average Bearish Volume
Orange/blue means volume is conflicting with price action


I plan to add a Colored DOT over each crossover as a visual buy/sell signal if anyone has any suggestions that'd be great :)
오픈 소스 스크립트

진정한 TradingView의 정신에 따라, 이 스크립트의 작성자는 스크립트를 오픈소스로 게시했기에 거래자들이 이해하고 확인할 수 있습니다. 작가님께 건배! 스크립트를 무료로 사용할 수 있지만, 게시물에서 이 코드를 재사용하는 것은 하우스룰을 따릅니다. 당신은 스크립트를 차트에 사용하기 위해 그것을 즐겨찾기 할 수 있습니다.

차트에 이 스크립트를 사용하시겠습니까?

코멘트

well done. thank you for posting the wookie wonder indicator code
+1 응답
WookieWonders theGstack
@theGstack Thanks :) if you reuse the code you don't have to give me credit, unless you want too!
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theGstack WookieWonders
@WookieWonders, always give credit where its due! Don't worry wook, I'll definitely have you linked in the comments
+2 응답
WookieWonders theGstack
@theGstack, I like how you operate <3 Curious to see where other's take this indicator :)
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This is awesome, Wook, thx!
Any idea how to build similar but only on a subset of price candles: i.e. say, only on each Friday candle and ignore Mon-Thu price candles ? OR each first daily 1H candle ? I'm trying to build an indicator that compares only (e.g. 1H) candles of the first hour of each day to others like that to identify a particularly strong momentum by comparing the first hour's ranges (ATR) to that of previous days.

Many thanks in advance.
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@Ramsez, Hey sorry for spotting this so late, but you're going to want to use python for that it seams.. more specifically matplotlib, numpy, tulipy
+1 응답
super amazing. Been using this intraday on the 10 minute.
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WookieWonders bruitdefond
@bruitdefond, thanks for the comment :) any suggestions are welcome
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I think adding up arrow and Down arrow at Buy and Sell points respectively would help. Thanks,
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홈으로 스탁 스크리너 포렉스 스크리너 크립토 스크리너 이코노믹 캘린더 정보 차트 특징 프라이싱 프렌드 리퍼하기 하우스룰(내부규정) 헬프 센터 웹사이트 & 브로커 솔루션 위젯 차팅 솔루션 라이트웨이트 차팅 라이브러리 블로그 & 뉴스 트위터
프로화일 프로화일설정 계정 및 빌링 리퍼드 프렌즈 코인 나의 서포트 티켓 헬프 센터 비밀메시지 채팅 로그아웃