Price Spread Indicator v2Version 2 of this script. Looks at the spread of current price to two prior MA's. Defaults to 200 and 90 however 20 and 58 provide some nice results. A -1.3% spread ratio is used to trigger alerts ie -1.3% spread on 200 and 90. This has been derived from backtesting what optimised P&L.
Ideal for investors rather than traders. Out performs simple buy and hold by 5-6 times.
Multitimeframe
MTF Stochastic Zones w/ Candle and Swing Hi/Lo IndicatorsMTF Stochastic Zones w/ Candle and Swing Hi/Lo Indicators by // © KaizenTraderB
This indicator will display the Stochastic RSI as color zones utilizing 3 Timeframes of your choice as well as key reversal candles:
Entry Timeframe StochRSI Crossovers and Long Wick Reversal Candles (Hammer and Hanging Man) and Engulfing Candles
That correlate with Swing Highs and Lows.
When the higher timeframe is bullish it will be green and when bullish, red.
When the middle timeframe is counter the higher, it will appear brownish.
The entry timeframe will print Candle Labels and Swing Highs and Lows at bullish and bearish Stochastic RSI crossovers when oversold and overbought, respectively,
In the direction of the higher timeframe directional bias when the middle timeframe is counter that direction to catch reversals in corrections.
(It also prints Bull/Bear StochRSI Crossovers that correlated with Swing Highs and Lows that are not Hammers, Hanging Men or Engulfing Candles.)
The options allow you to turn the zones, swing highs and lows, candle indicators and entry StochRSI Crossovers on and off, as well as which Timeframes you choose to view.
Entry - 1Hr, 15m, 5m or 1m Middle Timeframe - Daily, 4Hr, 1Hr or 15m Higher Timeframe - Monthly, Weekly, Daily, 4Hr or 1Hr
You can change the Swing High and Low Lookback periods, as well as
The Stochastic RSI Lookback for each of the three timeframes and the level of Overbought and Oversold:
When 8 is chosen for RSI Lookback, Stochastic Lookback = 5, SmoothK = 3, Smooth D = 3 For 13 - 8, 5, 5 For 21 - 13, 8, 8 For 34 - 21, 13, 13
Its good practice to adjust settings so Higher Timeframe zones (green/red) correlate with longer trend movements,
Medium Timeframe with corrections and reversal areas (brown) and Entry Timeframe with key reversal candles.
For example, to adjust the Daily Higher Timeframe, turn the Higher Timeframe to Daily, turn off the others and bring up the Daily Chart.
Look at chart for last 200 bars or so and go through the different settings until you find the one that best correlates with recent past price action.
Do the same procedure for the Middle and Entry Timeframe. Once all the settings are how you prefer, view the Indicator on the Entry Timeframe to find trades.
Coding included to prevent repainting
Can be used in conjunction with the MTF Stochastic RSI w/ Zones which is displayed in the lower panel.
Need the same settings in both indicators for them to correlate or use different settings for different views,
Message me with feedback to improve upon this indicator or requested additions.
I will soon be releasing a Strategy based on this indicator!
sharks EMAs @rlvsThere are lots of indicators to show EMAs.
This one is different because it shows EMAs 12 and 26 for the current timeframe, and, the same EMAs for the next timeframe.
Following this sequence: 1' -> 5' -> 15' -> 1h -> 4h -> 1d -> 1w -> 1 month
Pivot Points High Low Multi Time FrameHello All,
There are built-in and published Pivot Point High Low indicators in Public Library but as far as I see none of them is for Higher Time frames. so I decided to write & publish this script. I hope it would be useful while trading or developing your own scripts. I also did this to use in one of my future projects (we will see it in a few weeks/months ;) ).
I tried to make all settings optional, so you can play with them as you wish.
P.S. There is no control mechanism if the chart time frame is lower than the time frame in the options. So you better set higher time frame in the options than the chart time frame.
Enjoy!
JaeRSI+What is JaeRSI++
🥇 It is an indicator that detects and displays the RSI of the upper frame one step at a time
- It is no different from normal RSI but, u can see the RSI of the upper frame together
- Works based on 5m 15m 1h 4h 1d 1w
🥇Also, if the RSI is (over 70↗️) or (less than 30↘️), changes the background color
- If the background color is continuous, it is recommended to check the frame one step higher
🥇 Meaning of table (table)
- "🌈", RSI, Main, Danger in order
- RSI: It is divided into 5, 15, 60, 240 and indicates the current RSI of each frame (the background color is different from RSI : 33.0 below / 67.0 above)
- Main: Estimate the mainframe
If the previous 14 candles have entered the Danger zone (RSI : below 33.0 / above 67.0) or oversold/number, the corresponding frame is marked as the main frame.
- Danger: If abnormal RSI motion is detected (beam shape) due to sudden surge/fall in a frame, it warns that the frame may be the main frame.
==================================================================================
JaeRSI++란?
🥇 상위 프레임의 RSI를 추가로 표시해 주는 RSI 지표입니다
- 일반 RSI와 알고리즘의 차이가 없으나 상위 프레임의 RSI를 함께 볼 수 있습니다 (빨간 선으로 표시)
- 5m 15m 1h 4h 1d 1w 기준으로 작동합니다
🥇또한 RSI가 (70 이상↗️) 또는 (30↘️)인 경우 배경색을 변경합니다
- 배경색이 연속적인 경우 프레임을 한 단계 높게 확인하는 것이 좋습니다
🥇표(테이블)의 의미
- 순서대로 시간프레임 , RSI , 메인 , 위험
- RSI : 5, 15, 60, 240으로 나뉘어져 각각 프레임의 현재 RSI를 나타낸다 (33.0 아래 / 67.0 위 부터 배경색이 달라짐)
- 메인 : 메인프레임을 추정한다
이전 14개 캔들안에 꺵판존(33.0 아래 / 67.0 위) or 과매도/수에 들어간 적이 있다면 해당 프레임을 메인프레임으로 표시한다
- 위험 : 어떤 프레임에서 급등/급락하여 비 정상적인 RSI의 움직임이 감지된다면(빔 형태) 해당 프레임이 메인 프레임일 수 있다고 경고한다
MTF Stochastic RSI w/ ZonesMTF Stochastic RSI w/ Zones by // © KaizenTraderB
I revamped my original Stochastic RSI Band indicator with more accurate algorithms, cleaner coding and more adjustable options.
I will be soon releasing a variation of this indicator that prints over price chart with key candle indicators
This indicator will display the Stochastic RSI in 3 Timeframes of your choice.
It will also display color zones. When the higher timeframe is bullish it will be green and when bullish, red.
When the middle timeframe is counter the higher, it will appear brownish.
The entry timeframe will print red and green lines at bullish and bearish Stochastic RSI crossovers when oversold and overbought, respectively,
In the direction of the higher timeframe directional bias when the middle timeframe is counter that direction to catch reversals in corrections.
The options allow you to turn the lines and zones on and off, as well as which Timeframes you choose to view.
Entry - 1Hr, 15m, 5m Middle Timeframe - 1Hr, 4Hr, Daily Higher Timeframe - 4Hr, Daily, Weekly or Monthly
You can also change the parameters of the Stochastic RSI for each of the three timeframes:
When 8 is chosen for RSI Length, Stochastic Length - 5, SmoothK - 3, Smooth D - 3 For 13 - 8, 5, 5 For 21 - 13, 8, 8 For 34 - 21, 13, 13
Its good practice to adjust settings so Higher Timeframe zones (green/red) correlate with longer trend movements,
Medium Timeframe with corrections and reversal areas (brown) and Entry Timeframe with key reversal candles.
Look at chart for last 200 bars or so and find the settings that correlate with recent past price action and adjust accordingly.
Its also good practice to have the chart timeframe correlate with entry timeframe of indicator.
You can also adjust overbought and oversold areas.
Coding included to prevent repainting
Message me with feedback to improve upon this indicator or requested additions.
ATR BandsIn many strategies, it's quite common to use a scaled ATR to help define a stop-loss, and it's not uncommon to use it for take-profit targets as well. While it's possible to use the built-in ATR indicator and manually calculate the offset value, we felt this wasn't particularly intuitive or efficient, and could lead to the potential for miscalculations. And while there are quite a few indicators that plot ATR bands in some form or another already on TV, we could not find one that actually performed the exact way that we wanted. They all had at least one of the following gaps:
The ATR offset was not configurable (usually hard-coded to be based off the high or low, while we generally prefer to use close)
It would only print a single band (either the upper or lower), which would require the same indicator to be added twice
The ATR scaling factor was either not configurable or only stepped in whole numbers (often time fractional factors like 1.5 yield better results)
To that end, we took to making this enhanced version to meet all of the above requirements. While we were doing so, we decided to take this opportunity to also make some non-functional enhancements as well:
Updated the indicator to the most recent version of Pine
Updated the indicator definition to allow alternate (non-chart) timeframe usage
Made the input types explicitly defined to improve consistency
Updated the inputs with appropriate minimum values and step sizes where appropriate
Separated settings into logical groups
Added helptext to the indicator settings noting usage and common settings values
Explicitly titled the on-chart plots of the ATR bands so that they can more easily be identified and referenced in other indicators/scripts, as well as the Data Window
Food for thought : When looking at some of the behaviors of these ATR bands, you can see that when price first levels out, you can draw a "consolidation zone" from the first peak of the upper ATR band to the first valley of the lower ATR band that price will generally respect. Look for price to break and close outside of that zone. When that happens, price will usually (but not always) make a notable move in that direction, which can be used as either a potential trigger or as an additional confluence with other indicators/price action.
Finally, while we have made what we feel are some noteworthy updates and enhancements to this indicator, and have every intention of continuing to do so as we find worthy opportunities for enhancement, credit is still due to the original author: AlexanderTeaH
MTF RSI & STOCH Strategy by kziThis script is a teaml job with Indicator-Johns.
First he used my script, then i transform his code.
The origine:
The first transformation:
www.tradingview.com
Funny moment together, thanks for that. :)
This sharing is an indicator where you can see the average of different time frames.
The RSI is the blue line
The Stock is the yellow line
You can manage the timeframe in the parameters.
The strategy is to take position when the two lines get overbought or oversold and close when the stoch and RSI goes to the middle.
Scalping The Bull IndicatorName: Scalping The Bull Indicator
Category: Scalping, Trend Following, Mean Reversion.
Timeframe: 1M, 5M, 30M, 1D depending on the specific technique.
Technical Analysis: The indicator supports the operations of the trader named "Scalping The Bull" which uses price action and exponential moving averages.
Suggested usage: Altcoin showing strong trends for scalping and intra-day trades. Trigger points are used as entry and exit points and to be used to understand when a signal has more power.
It is possible to identify the following conformations:
Shimano: look at the price records of a consecutive series of closings between the EMA 60 and the EMA 223 when a certain threshold is reached. Use the trigger points as price structures to identify entry and exit zones (e.g. breakout of the yesterday high as for entry point) .
Bomb: look at the price registers a percentage variation in a single candle, greater than a threshold such as 2%, in particular on shorter timeframes and around the trigger points.
Viagra: look at there is a consecutive series of closes below the EMA 10.
Downward fake: look when, after a cross under (Death Cross), the price returns above the EMA 223 using the yesterday high as a trigger point.
Emergence: look at the EMA 60 is about to cross over the EMA 223.
Anti-crossing: look at, after an important price rise and a subsequent retracement, the EMA 60 is about to cross under the EMA 223 but a bullish impulse brings the price back above the EMAs.
For Sales: look at two types of situations: 1) when the price falls by more than 10% from the opening price and around the yesterday’s low or 2) when the price falls and then reaches, in the last 5 days, a bigger percentage and then breaks a trigger point.
Colour change: look at the opening price of the session - indicated as a trigger point.
Third touch of EMA 60: look for 3 touches below the EMA 60, and enter when there is a close above the EMA 60.
Third touch of EMA 223: look for 3 touches when there are 3 touches below the EMA 223, and enter when there is a close above the EMA 60.
Bud: look at price when it crosses upwards the average 10 and subsequently at least 2 "rest" candles are between the maximum and minimum of the breaking candle.
Fake on EMA 10: look for the open of a candle higher than the EMA 10, the minimum of the candle lower and the closing price returns above the EMA 10..
For Stop Loss and Profit Targets consider a proper R/R depending on Risk Management, using price structures such as the low of the entering candle and a quick Position Management moving quickly the Stop-Loss at Break-Even.
Configuration:
Market
EMA: The indicator automatically configure itself on market it knows (Binance, Piazza Affari and NASDAQ) otherwise it can be configured manually fo Crypto market (5/10/60/223) or Stock Market (5/10/50/200).
Additional Average: You can display an additional average, e.g. 20-period average.
Chart elements:
Session Separators: indicates the beginning of the current session (in blue)
Background: signals with the background in green an uptrend situation ( 60 > 223) and in red background a downtrend situation (60 < 223).
Trigger points:
Today's highs and lows: draw on the chart the opening price of the daily candle and the highs and lows of the day (high in purple, low in red and open in green)
Yesterday's highs and lows: draw on the chart the opening price of the daily candle, the highs and lows of the previous day (high in yellow, low in red).
Credits
Massimo : for refactoring and suggestions.
Rally Candle (End Game ) 26/04/2022 Few Months ago I started wanted to code a candle which alerts me when a Rally may be over in Bearish Conditions and today I have created a candle which is 1. subjective but more importantly appears in areas where buying pressure is at either a climax or in the process of a decline and this is where the Rally Candle signals. This shows momentum may be shifting and these can provide some good entries.
They will only working when price is below the 200ema and in overextended markets - VERY IMPORTANT!!!
Works on all timeframe with HTF providing more price percentage than LTF
They aren’t a specific candle size however they will repaint when we see 4 higher close candles followed by a candle which has closed lower than the previous 4th.
//Candle Conditions
This candle has to be in a swing high area to be valid and on 1H and 6H but the 1H will repaint a lot of candles so when we have a point system of +20 we can assume this setup is a good setup.
//Candle Operators
You can change the color of the bar to your liking
There is a ema filter so if you want to candle to not show candles of the 50ema this operator will do the command.
Please post requests and any potential implementations I could port to pine script.
Hope you Enjoy :)
HTF Liquidity Levels█ OVERVIEW
The indicator introduces a new representation of the previous days, weeks, and months highs & lows ( DWM HL ) with a focus on untapped levels.
█ CONCEPTS
Untapped Levels
It is popularly known that the liquidity is located behind swing points or beyond higher time frames highs/lows (in a sense, an intraday swing point is a day high/low). These key areas are said "liquid" because of the accumulation of resting orders, mainly in the form of stop-loss orders. And this more significantly on higher time frames which have more time for stacking orders. As the result, the indicator aims to keep track of untapped levels that have their liquidity states intact.
Liquidity Pools
Once a liquidity level identified, or better, a cluster of liquidity levels work as magnets for the market. The price is more likely to make its way towards heavier pockets of liquidity, by proximity (the closest liquidity pool), and by difficulty (path with less obstacles). This phenomenon is referred as liquidity run, raid, purge, grab, hunt, sweep, you name it. Consequently, the indicator can help you frame a directional bias during your trading session.
█ NOTES
Drawings
Once a level is tapped, it is highlighted. At the end of each day, all tapped levels are cleared.
Stochastic RSI BandsStochastic RSI Bands by // © drbarry92064859
It is suggested to view this indicator on 15m or 5m timeframe with current Default Settings.
This indicator is based on the StochRsi.
It creates color bands based on the direction of multiple timeframe StochRsi.
When the MTF StochRsi's are opposed in direction it produces darker bands and when aligned in direction it produces light bands.
During Green Bands, price tends to be Bullish. During Red Bands, price tends to be Bearish.
During Medium toned Bands, price action tends to be in a correction in existing HTF trend, ranging, or getting ready for reversal.
During Light Bands, price tends to be in Trend in direction of color.
There is usually Dark Bands on either side of a light or medium toned band.
Best to enter in direction of current color, during the dark band after the medium toned bands
And exit in the dark band after the light toned band.
Brown bands tend to indicate reversal of direction and color.
I have experimented with all the timeframes and StochRSI settings and found the best settings to be as follows.
The Default settings are Middle Time Frame: 4H and Higher TimeFrame: D1.
The Default StochRSI settings are 34 RSI, 21 Stochastic, 13 smooth K and 13 smooth D.
It is suggested to use a lower timeframe such as 15m or 5m for entry.
You can experiment with different StochRSI and TimeFrame Settings.
SUGGESTED STRATEGY
Dark Bands after medium toned bands: Look for an entry on lower timeframe (15m or 5m) based on reversal candlestick formations or other indicators in direction of current color.
Light Bands: Do not enter during lighter bands. You should already be in trade during Light Bands
Light Band changes to Dark Band: Exit Trade if already in.
Look for general change of directional bias if a brown band occurs; however wait for dark band after the 2nd wide band following the brown band.
RSI MTF Ob+OsHello Traders,
This indicator use the same concept as my previous indicator "CCI MTF Ob+Os".
It is a simple "Relative Strength Index" ( RSI ) indicator with multi-timeframe (MTF) overbought and oversold level.
It can detect overbought and oversold level up to 5 timeframes, which help traders spot potential reversal point more easily.
There are options to select 1-5 timeframes to detect overbought and oversold.
Aqua Background is "Oversold" , looking for "Long".
Orange Background is "Overbought" , looking for "Short".
Have fun :)
RSI Multi Time Frame (MTF). Fully customizable. [Zero54]NSE:NIFTY
An easy to read Multi Time Frame RSI that does not take too much space. All parameters and colors are customizable. Please feel free to give your suggestions. Feel free to modify the code as per your liking. Like this if you find this useful.
HTF Candle Boxes for LTF Charts
This indicator allows you to show an outline of a Higher Time Frame (HTF) candle on a Lower Time Frame (LTF) chart. Options include selecting the HTF interval, and an option to either show a single shaded Box for the candle (High to Low), or a shaded box for the body (Open to Close) with the High to Low shown in an unshaded box. The purpose is to easily visualise what the previous HTF candles look like as you are working on the lower charts, for example was yesterday's candle Bullish, Bearsish, indecision, a Doji etc.
Scalping The BullNome: Scalping The Bull (Indicatore)
Categoria: Scalping, Trend Following, Mean Reversion.
Timeframe: 1M, 5M, 30M, 1D, secondo la conformazione specifica.
(follow description in english)
Analisi tecnica: l’indicatore supporta le operatività descritte nei video di YouTube del canale “Scalping The Bull”. Di norma si basa su price action e medie mobili esponenziali.
Le varie tecniche che possono essere usate insieme all’indicatore sono sintetizzate nei settaggi dell’indicatore e si può fare riferimento ai video specifici per la spiegazione completa.
Utilizzo consigliato: Altcoin che presentano forti trend per scalping e operazioni intra-day.
Configurazione: È possibile configurare lo strumento in maniera semplice e completa.
Medie:
Medie per mercato: e’ possibile utilizzare le medie mobili esponenziali (EMA) esclusivamente per il mercato Crypto (5/10/60/223).
Media addizionale: e’ possibile visualizzare una media aggiuntiva, e.g. a 20 periodi.
Elementi del grafico:
Sfondo: segnala con lo sfondo del grafico in verde una situazione di uptrend ( EMA 60 > EMA 223) e in rosso sfondo rosso una situazione di downtrend (EMA 60 < EMA 223).
Separatori di sessioni: indica l’inizio della sessione corrente.
Punti Trigger:
Massimi e minimi di oggi: disegna sul grafico il prezzo di apertura della candela daily e i massimi e i minimi di giornata.
Massimi minimi di ieri: disegna sul grafico il prezzo di apertura della candela daily, i massimi e i minimi del giorno prima.
(English description)
Name: Scalping The Bull (Indicator)
Category: Scalping, Trend Following, Mean Reversion.
Timeframe: 1M, 5M, 30M, 1D depending on the specific signal.
Technical Analysis: The indicator supports the operations described in the YouTube videos of the channel "Scalping The Bull". Usually it is based on price action and exponential moving averages.
The various techniques that can be used in conjunction with the indicator are summarized in the indicator settings and you can refer to the specific videos for the full explanation.
Suggested usage: Altcoin showing strong trends for scalping and intra-day trades.
Configuration:
Exponential Moving Averages
Per market: you can display averages exclusively for the Crypto market (5/10/60/223).
Additional Average: You can display an additional average, e.g. 20-period average.
Chart elements:
Session Separators: indicates the beginning of the current session.
Background: signals with the background in green an uptrend situation ( 60 > 223) and in red background a downtrend situation (60 < 223).
Trigger points:
Today's highs and lows: draw on the chart the opening price of the daily candle and the highs and lows of the day.
Yesterday's highs and lows: draw on the chart the opening price of the daily candle, the highs and lows of the previous day.
CCI MTF Ob+OsHello Traders,
This is a simple Commodity Channel Index (CCI) indicator with multi-timeframe (MTF) overbought and oversold level.
It can detect overbought and oversold level up to 5 timeframes, which help traders spot potential reversal point more easily.
There are options to select 1-5 timeframes to detect overbought and oversold.
Green Background is "Oversold" , looking for "Long".
Red Background is "Overbought" , looking for "Short".
Have fun :)
super SSL [ALZ]This script is designed and optimized for MULTI TIME
by Ali Zebardast (ALZ)
1.in part of ssl
Original Version credits to Mihkel00
Actual Version i just set alerts and change the parameters for BTCUSDT 1min Chart.
He designed for daily time. I tried to optimize 1 min time-frame .
And fix the errors with OTT
"This script has a SSL / Baseline (you can choose between the SSL or MA), a secondary SSL for continiuation trades and a third SSL for exit trades.
Alerts added for Baseline entries, SSL2 continuations, Exits.
Baseline has a Keltner Channel setting for "in zone" Gray Candles
Added "Candle Size > 1 ATR" Diamonds from my old script with the criteria of being within Baseline ATR range."
2.in part of Range
two Filter Buy and Sell for 3min
Wait For Bar close
ssl2 :Be under the candle for buy
and The bar color must confirm the order of purchase (Blue)
3.in part of OTT
when candles close over HOTT, means an UPTREND SIGNAL
and to Fuchia when candles begin closing under LOTT line to indicate a DOWNTREND SIGNAL.
FLAT ZONE is highlighted also to have the maximum concentration on sideways market conditions.
There are three quantitative parameters in this indicator:
The first parameter in the OTT indicator set by the two parameters is the period/length.
OTT lines will be much sensitive to trend movements if it is smaller.
And vice versa, will be less sensitive when it is longer.
As the period increases it will become less sensitive to little trends and price actions.
In this way, your choice of period, will be closely related to which of the sort of trends you are interested in.
The OTT percent parameter in OTT is an optimization coefficient. Just like in the period
small values are better at capturing short term fluctuations, while large values
will be more suitable for long-term trends.
The final adjustable quantitative parameter is HIGHEST and LOWEST length which is the source of calculations.
Credits go to:
SSL Hybrid www.tradingview.com
HIGH and LOW OTT : www.tradingview.com
Range Filter www.tradingview.com
[Mad] Triple Bollinger Bands MTFThese are classic triple Bollinger bands with different multipliers
You can change the time frame plotted,
for example, you can show a 1-hour chart, but plot 6-hour Bollinger.
Since I haven't found any other OpenSource variant that can plot the 3 bands in a different time frame, here is my script for you
en.wikipedia.org
----
additional you can see in this script, how to move data around with arrays instead of multiple variables.
This way you can cut down security calls to a minimum. (look at the transfer- and bollarray)
Roof and Floors From Actieve InversionesImagine a Funny and visual way to understand Highest Highs and Lowest Lows. That's the way this indicator was conceived.
The way it Works:
The indicator plots lines in highest highs or lowest lows from a period of "Bars", you only have to set the number of Bars you wanna use and the indicator Makes all the stuff.
This is a Long term Indicator, so it can Show useful Floors or Roofs from higher Timeframes:
Cristal = Five Min Bars
Paper = thirty Min Bars
Plastic = 1 Hour Bars
Wood = 4 hours Bars
Metal = Daily Bars
But wait... There is something better than that...
If The Floor or Roof Brokes, the indicator will plot a dashed line and a label ¨Broken Roof or Floor¨ u can use it to set a Limit Order or Stop Order, and wait for the pullback.
Do you want some useful Advice ? Check the junctions from Floor or Roofs that are overlayed in some level.
Have Fun and good trading!!!
MTF Stochastic ScannerThis Stochastic scanner can be use to identify overbought and oversold of 10 symbols over multiple timeframes
it will give you a quick overview which pair is more overbough or more oversold and also signals tops and bottoms in the AVG row
light red/green cell = weak bearish (Stoch = 30-20) / bullish (Stoch = 70-80)
medium red/green cell = bearish (Stoch = 20-10) / bullish (Stoch = 80-90)
dark red/green cell = strong bearish (Stoch <= 10) / bullish (Stoch >= 90)
gray cell = neutral (Stoch = 30-70)
Usage
If AVG (average of all 4 timeframes) falls below 20, the cell will get green, indicating a good time to enter long (buy)
If AVG (average of all 4 timeframes) rises above 80, the cell will get red, indicating a good time to enter short (sell)
Use the "MTF Stochastic Scanner" in combination with the " MTF RSI Scanner "
to find tops (RSI MTF avg >=70 AND Stochastic MTF avg >= 80)
or bottoms (RSI MTF avg <= 30 AND Stochastic MTF avg <= 20)
Here is how the two MTF scanners looked on Nov 08 2021 (ATH) »
and here how the MTF scanners looked on June 21 2022
use TradingViews Replay function to check how it would have worked in the past and when not.
As always… there NOT a single indicator that can show to the top & bottom 100% every single time. So use with caution, with other indicators and/or deeper understanding of technicals analysis ☝️☝️☝️
Settings
You can change the timeframes, symbols, Stochastic settings, overbought/oversold levels and colors to your liking
Drag the table onto the price chart, if you want to use it as an overlay.
NOTE:
Because of the 4x10 security requests, it can take up to 1 minute for changed settings to take effect! Please be patient 🙃
If you have any idea on how to optimise the code, please feel free to share 🙏
*** Inspired by "Binance CHOP Dashboard" from @Cazimiro and "RSI MTF Table" from @mobester16 ***
MTF RSI ScannerThis RSI scanner can be use to identify the relative strength of 10 symbols over multiple timeframes
it will give you a quick overview which pair is more bearish or more bullish and also signals tops and bottoms in the AVG row
light red/green cell = weak bearish (RSI = 45-35) / bullish (RSI = 55-65)
medium red/green cell = bearish (RSI = 35-25) / bullish (RSI = 65-75)
dark red/green cell = strong bearish (RSI <= 25) / bullish (RSI >= 75)
gray cell = neutral (RSI= 45-55)
Usage
If AVG (average of all 4 timeframes) falls below 30, the cell will get green, indicating a good time to enter long (buy)
If AVG (average of all 4 timeframes) rises above 70, the cell will get red, indicating a good time to enter short (sell)
Use the "MTF RSI Scanner" in combination with the "MTF Stochastic Scanner"
to find tops (RSI MTF avg >=70 AND Stochastic MTF avg >= 80)
or bottoms (RSI MTF avg <= 30 AND Stochastic MTF avg <= 20)
Here is how the two MTF scanners looked on Nov 08 2021 (ATH) »
and here how the MTF scanners looked on June 21 2022
use TradingViews Replay function to check how it would have worked in the past and when not.
As always… there NOT a single indicator that can show to the top & bottom 100% every single time. So use with caution, with other indicators and/or deeper understanding of technicals analysis ☝️☝️☝️
Settings
You can change the timeframes, symbols, RSI settings, overbought/oversold levels and colors to your liking
Drag the table onto the price chart, if you want to use it as an overlay.
NOTE:
Because of the 4x10 security requests, it can take up to 1 minute for changed settings to take effect! Please be patient 🙃
If you have any idea on how to optimise the code, please feel free to share 🙏
*** Inspired by "Binance CHOP Dashboard" from @Cazimiro and "RSI MTF Table" from @mobester16 ***
