█ Background information
The Relative Strength Index (RSI) and the Exponential Moving Average (EMA) are two popular indicators. Traders use these indicators to understand market trends and predict future price changes. However, traders often wonder which indicator is better: RSI or EMA.
What if these indicators give similar results? To find out, we...
This is an Indicator which identifies different Trading Zones on the chart.
This should be Primarily used for Long Trades.
Trading Zones: and the Reasoning behind them
Long Zone -> One can do a Potential Entry (Buy) when this Zone is identified, but one could also wait for 'Entry Zone' (explained next) for a better Risk/Reward Trade.
Long Zones are...
It is an indicator combining the RSI indicator and KDJ indicator.
Buy signal will triggers when:
RSI signal positioning below 25
J value crosses below 0
Sell signal will triggers when:
RSI signal positioning above 85
J value crosses above 100
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Please take note that this indicator may be not accurate for every chart in the crypto market, but it is...
This is an RSI dashboard, which allows you to see the current RSI value for five timeframes across up to 8 tickers of your choice. This is a useful tool to gauge momentum across multiple timeframes, where you would look to enter a buy with high RSI values across the timeframes (and vice versa for sell positions).
Conversely, some traders use RSI to identify...
Hello,
This software is a technical analysis script written in the TradingView Pine language. The script creates a trading indicator based on Fibonacci retracement levels and the RSI indicator, providing information about price movements and asset volatility by using Bollinger Bands.
There are many different scripts in the market that draw RSI and Fibonacci...
This indicator is built to mesure the performance of a stock vs the index of choice. it is best use for the intraday session because it doesn't take gap into account when doing the calculation. This is how i made my math (using AAPL compared to SPY for simplicity)
(change AAPL / ATR AAPL) - (change SPY / ATR SPY) * beta factor * volume factor
change is calculated...
Introducing the Market Relative Candle Ratio Comparator, a visually captivating script that eases the way you compare two financial assets, such as cryptocurrencies and market indices. Leveraging a distinctive calculation method based on percentage changes and their averages, this tool presents a crystal-clear view of how your chosen assets perform in relation to...
Hello everyone.
The RS Rating (or Relative Strenght Rating) is a metric that tracks a stock's price performance relative to the rest of the market. Specifically, it looks at a stock's relative strength over the last 52 weeks.
It allows you to identify at a glance stocks that are outperforming the market and may be poised for further gains.
Designed for break-out...
This oscillator has two different modes:
The first one called RSIs is a comparison between the Relative strength index of the Accumulation/Distribution (and the On Balance Volume) and the normal price, to analyze the differences in momentum between the price with volume and without.
The second one, called Dock, is similar except for the fact that the lines are...
Relative Strength (RS) is an Indicator which measures a Stock's performance as compared to a Benchmark Index or another Stock.
For example: RS will tell you whether “A” is increasing more or less than “B” in any market condition. It is one of the tools which is best suited for Momentum Investing.
How RS can be used as a Momentum Indicator:
RS is used in...
The code calculates the relative performance of Nifty and Bank Nifty and plots it on a chart. It also calculates the 14-day RSI and a moving average of the relative performance.
First, the script retrieves the daily close prices for Nifty and Bank Nifty from the NSE using the request.security() function. It then calculates the daily returns for each index and the...
Slopes are an increasingly key concept in Technical Analysis. The most basic type is to calculate them on the prices, but also on technical indicators such as moving averages and the RSI.
In technical analysis, you generally use the RSI to detect imminent reversal moves within a range. In the case of the Blue indicator, we are calculating the slope of the market...
Relative strength (RS) is a measure of a stock's price performance relative to the overall market. It is calculated by dividing the stock's price change over a specified period by the market's price change over the same period. A stock with a high RS has outperformed the market, while a stock with a low RS has underperformed. (Stock can any asset that can be...
This script trying to detect different lifecycle of stock / Stages.
There is mainly 4 stages of stocks.
1) stage 1 - Accumulation = color = aqua
2) stage 2 - Advancing = color = green
3) stage 3 - Distribution = color = yellow
4) stage 4 - Declining = color = red
At some point the condition i wrote wont detect any stage.
The original idea from this script is from the script " Percentage Relative Strength " by dman103 . The original script compared a symbol to an index by their everyday percentage change. The symbol percentage was subtracted from percentage change of the index, & the results were then smoothed by moving averages.
Instead of daily percentage changes, this script...
The Reverse Relative Strength Index was created by Giorgos Siligardos (Stocks & Commodities V. 21:6 (18-30)). It is a handy indicator that reverse engineers the RSI price calculation to show what the price would have to be for the RSI value to match our chosen input. You can select your chosen RSI level using the RSI Level input for this indicator. For example if...
The Bollinger Bands are among the most famous and widely used indicators. A Bollinger Band is a technical analysis tool defined by a set of trendlines plotted two standard deviations (positively and negatively) away from a simple moving average ( SMA ) of a security's price, but which can be adjusted to user preferences. They can suggest when an asset is oversold...
What up guys and welcome to the coffee shop. I have a special little tool for you today to throw in your toolbox. This one is a freebie.
This is the Stochastic RS-Heiken-Ashi "The Stocashi"
This is the stochastic RSI built to look like Heikin-Ashi candles.
a lot of people have trouble using the stochastic indicator because of its ability to look very choppy at...
![AAPL: Reverse Relative Strength Indicator [CC]](https://s3.tradingview.com/v/V3ez7iRs_mid.png "Reverse Relative Strength Indicator [CC]")
