MZ SRSI Strategy V1.0Strategy Introduction
This strategy starts from selection of 1st Moving Average from one of following:
SMA
EMA
DEMA
TEMA
LRC
WMA
MF
VAMA
TMA
HMA
JMA
Kijun v2
EDSMA
McGinley
Then it calculates the RSI of selected 1st Moving Average
In the end it calculates Moving Average of previously calculated RSI and for this purpose 2nd Moving Average is also selected from above list.
Cross of RSI and its Moving Average generates Strategy Alerts
Only long trades are enabled currently
Default Settings
I've set the default selection to the perfect options for 1D and 4h timeframes. You can modify both MAs selection and their length according to your selected timeframe.
Following default settings are used:
Heiken Ashi Candles are selected by default as source
1st Moving Average selection is set to LRC (Linear Regression Curve)
Length of 1st Moving Average is set to 50
RSI length is set to 2 because it is supposed to be fast
2nd Moving Average of RSI is set to TMA (Triangular Moving Average)
Length of 1st Moving Average is set to 5
Start date is set to 2011
Backtesting can also be done selecting %age of equity
Suggestions for Usage
Mostly winning trades have no prominent drawdown so losing trades can be abolished with Stoploss. Would soon add Stoploss, MTF and Takeprofit options in next version. Also if you want an alerts version of it then just comment below and would publish it later. I’ve found this strategy useful on 1D and 4h timeframes with described default settings.
상대강도지수 (RSI)
MMRI+MASimple script based on Gregory Mannarino's Risk indicator using the DXY and US10Y. Use it as you would an RSI but more of a leading indicator.
Relative Strength Index Leaderwhat will happen for the RSI if the price will increases or decreases by X percent ? This indicator takes your hands.
For instance:
You set Leader1 = 1 and Leader2 = -1 (by default), So this indicator shows you that if the price will increase 1% (Leader1) or decrease 1% (Leader2) How much the RSI will be?
So you have 3 horns, One of them main RSI that shows the amount of RSI right now, and 2 others show what will happen for RSI if the price increase or decrease by X percent.
if you need to contact me or new suggestions for improving send me an email:
sydalifazel@gmail.com
Fib RSI++ by [JohnnySnow]Fib RSI++ by is an RSI Inspired by my absolutely favorite RSI on tradingview: RSI & EMA with Reverse Calculator Panel by balipour.
Built for quicker and easily identify prices at current RSI /possibly reversals/ RSI direction and RSI landings.
From balipour, I reuse /adapt to pinescriptV5 3 lines of code ( ) - the balipour implementation for reversing RSI formula in order to calculate price estimation based on the Given RSI level. Credits to the author.
Inspired by it, I also combine RSI with a MA but tuned to reads better the support/resistance levels (my humble opinion).
For quicker price target identification 2 features were added:
- Gridlines based on Fib levels, standard overbought/oversold levels and other levels I personally use. All of the grid lines can be configured according to user preferences.
- 2 information tables:
--First with a collection of 'close' numbers and Fib RSI levels price estimations at given RSI
--The second table allows the user to add up to 3 custom RSI levels to further target the price estimation.
Author UI Preferences to be used with this indicator: dark theme, hidden vertical and horizontal chart gridlines.
Oversold / OverboughtMy first script. Based on RSI , CCI , RVI, and MFI . You can customize overbought or oversold thresholds for any indicator.
If you have any ideas - welcome.
Disclaimer
This is not financial advice. Trade on your own risk.
Bollinger Band Breakout Positional Strategy- BN -15M This strategy consists of following criteria:
Buy:
1. Candle should have RSI is above 60 and Close above Bollinger band upper limit
2. Exit When candle is closed below 20MA
Sell:
1. Candle should have RSI is above 40 and Close below Bollinger band lower limit
2. Exit When candle is closed above 20MA
Checkout results.
RSI + MA StrategyHello, everyone!
We have just released an innovative strategy for TradingView. It allows you to facilitate the trading process when you have to use both indicators.
This strategy is:
User-friendly
Configurable
Equipped with the combination of Relative Strength Index (RSI) and Moving Average (MA) indicators
Designed with all required functions to manage positions
Features
The RSI+MA strategy can:
Identify entry points for Long and Short positions.
Depict RSI and MA values concerning each other.
Reduce visual congestion and import usability thanks to using a combo of 2 indicators.
Allow using pivot trading. The RSI+MA strategy will enter a Long position according to the Short position conditions. And vice versa.
Note! If you want to open a Long position, the RSI line should cross MA from top to bottom. If you want to open a Short position, RSI has to cross MA from bottom to top.
Parameters
We have equipped our strategy with more than 14 additional parameters. So, you can configure the EA according to your needs!
Inputs :
Use Reverse Trade — allows swapping Long and Short positions opening conditions.
Resolution — allows you to view an indicator with data on a higher or lower timeframe on the current chart.
RSI Length
RSI Source: Open, High, Low, Close, HL2, HLC3, OHLC4
Show MA — allows you to enable or disable MA displaying.
MA Length
MA Offset
Style:
RSI — RSI indicator line color and style settings.
MA — MA indicator line color and style configuration.
Upper Band — allows customizing line style, color, and RSI upper bound value.
Lower Band — allows you to customize line style, color, and RSI lower bound value.
Background — background color setting within the RSI upper and lower borders.
Precision — number of decimals for RSI values.
Note! Try RSI+MA on your demo account first before going live.
Multi Oscillators Price LevelsThis script draws price levels corresponding to the highest price reached in overbought situations, and the lowest price reached in oversold situations, depending on the oscillator and the timeframe the user has configured.
These levels correspond, most of time, to good supports and resistances prices.
Price levels drawings can be based on the following indicators:
Stochastic RSI (default)
Stochastic CCI
RSI
CCI
You can customize this indicator with the following options:
Source: The candle source to use in indicators calculation
Source Indicator: The indicator on which you cant to base your levels
Timeframe: The timeframe on which you want to apply the selected indicator, and calculate levels
Show supports/resistances: enable/disable price levels, depending on there status (overbought - resistances) / (oversold - supports)
Lines width: width of price levels. (set to 10 by default in order to draw "zones")
Supports/Resistances source: Select the candle data you cant to use to draw supports and resistances levels
Extend levels: Select the line extension for price levels
Levels color: Select the desired color for price levels
And of course , all parameters corresponding to the supported indicators (Stoch, RSI, CCI)
Here are a few examples of different configurations:
This script will probably be modified in the future, don't hesitate to suggest any improvement.
Donchian RSI BandsThis little mashup of mine is called the Donchian RSI Bands. It consists of two RSI's, a Donchian Channel, & Bollinger bands, which can all be turned on or off depending on your preferences.
The main RSI is set to the 7 length and the second RSI is set to the default 14 length. When used together, they form an RSI cloud.
The Bollinger Bands are set to the 35 length and use two sets of adjustable deviations to form the bands. The inner band is set to 0.25 deviation and the outside is set to 0.5. Generally, the Bollinger Bands deviation is set to 2 but for this idea, when the RSI is inside the Bollinger Bands, there's a higher possibility of chop. The stronger Bullish or Bearish trend will be when the main RSI is trending above or below the Bollinger Bands.
The RSI color is Bullish when the RSI is above the Upper Bollinger Band, Neutral when the RSI is inside the Bands, and Bearish when the RSI is below the lower Bollinger Band. The wider you adjust the Outer Band Deviation, the wider the Neutral zone will be. The width of the Bollinger Band Basis can also be adjusted so you could widen it all the way out to the Bands which will form a fully shaded channel to avoid trading when the RSI is trending inside.
The Donchian Channel is set to 70, which 2x the Bollinger Band length. I use it for longer term trends and possible trend reversals.
There are 3 options for Barcoloring:
RSI Bollinger Bands
RSI Cloud
& when the RSI is above/below the Donchian Channel Basis
RSI StrategySimple way how to use RSI and MA indicators for trading.
What we use:
• RSI
• SMA calculated by RSI (title: SMA_RSI)
• Delta of RSI and SMA_RSI (title: delta)
• SMA calculated by delta of RSI and SMA & RSI (title: SMA_RSI2)
Logic:
Upon the fact that we use the difference between two indicators that have similar values ( RSI and SMA_RSI), we get number around zero. Next, result is smoothed by calculated the SMA . This is the blue/purple line that appears on the chart - SMA_RSI2.
The trade open when SMA_RSI2 cross over the threshold. The trade close when SMA_RSI2 cross under the threshold below.
Also, the usual EMA 200 is used as a filter, which you can switch on or switch off.
Alpha Relative Strength IndexA bullish signal on the RSI indicator signals that price did not move in sync with the RSI; price moved low, but the RSI moved less. This bullish divergence is an indication of strengthening momentum. A bearish signal on the RSI indicator signals that price and RSI are not in sync
RSI Rising Crypto Trending AlertAlert version of the strategy with the same name
This is crypto and stock market trending strategy designed for long timeframes such as 4h+
From my tests it looks like it works better to trade crypto against crypto than trading against fiat.
Indicators used:
RSI for rising/falling of the trend
BB sidemarket
ROC sidemarket
Rules for entry
For long: RSI values are rising, and bb and roc tells us we are not in a sidemarket
For long: RSI values are falling, and bb and roc tells us we are not in a sidemarket
Rules for exit
We exit when we receive an opposite direction.
Cuation: Because this strategy uses no risk management, I recommend you takje care with it.
If you have any questions, let me know !
Reversal zone finderThis script would find potential reversal price zones according to RSI over bought or sell condition and big reversal candle.
It works better in range markets and lower time frames like 5M and especially in Support/Resistance zones.
Suit for scalping in forex or crypto markets.
* Use it as a trade assistant not a trade signal!
Advanced RSIThis is what I call the advanced RSI. It employs Bollinger bands on the RSI itself, in order to better highlight extremes that are still within the typical 30-70 range on.
You'll notice some background highlights. These are simply to mark the extremes.
Orange marks your standard overbought, Red marks oversold.
Fuchsia marks an RSI outside the lower deviation on the Bollinger Bands. Green marks an RSI outside the upper deviation on the Bollinger bands.
Typically while in an uptrend, the RSI dropping below the lower deviation indicates an entry point (fuchsia). The same applies for a downtrend with the RSI rising above the upper deviation (green).
You can look at the overlap in colors as even stronger indications because on a more rare occasion you will have the RSI outside the upper/lower deviation as well as being outside the typical oversold/overbought levels.
Any feedback is welcome! I try to employ contrasting colors, but they may not make sense to you so change them as you please - they are simply markers.
Adaptive Relative Strength (ARS by Premal Parekh)Dear All,
This is my first public script modified to adapt the concept of Mr. Premal Parekh on Adaptive Relative Strength - ARS)
The original Script is developed by modhelius.
I have proved the version as per my requirement and included concept of ARS.
This script will remove the manual calculation task which is required on daily basis to calculate number of sessions from ARS Date.
Hope this script will be helpful.
If yes, do hit like button and share with your friends.
Ashish Kesarkar
India
Relative Strength Improved (Premal Parekh ASR Version)This script is improved over the existing script developed by Mr. modhelius
I have added ASR Concept of Mr. Premal Parekh.
This script will remove manual calculation of Trading Days from ASR Date.
Supertrend + RSI Strategy [Alose]This strategy combines the best of both indicators (Supertrend & RSI).
As we know, Supertrend is excellent at finding changes in the market trend and thus finding the best entries, however in my opinion it has a great weakness and it is that it does not know how to find the best exit point.
For this reason I decided to combine it with the RSI that we know usually knows the highest and lowest rebound points of the price, thus managing to find the best exit point for the strategy.
The best thing about combining these 2 indicators is that our trades will obtain better profits in less time.
LONG ENTRY
When SuperTrend changes its direction and it is less than 0.
LONG EXIT
There are two ways to close the trade:
When RSI is overbought, you can choose the "Overbought Level " inside the strategy settings (Default: 72).
When SuperTrend changes its direction and it is grater than 0.
SHORT ENTRY (You can enable short entries in strategy settings)
When SuperTrend changes its direction and it is grater than 0.
LONG EXIT
There are two ways to close the trade:
When RSI is oversold, you can choose the "Oversold Level " inside the strategy settings (Default: 28).
When SuperTrend changes its direction and it is less than 0.
RSI Trend StrategyThis script uses the logic that within a trending market, there is no such thing as overbought and oversold..
BUY / SELL alert triggers when ADX > 100, and RSI is > 70 (buy) or < 30 (sell). I only consider taking a trade when BUY / SELL alert is triggered, but also only when there is a clear strong trend (you can use MA or Price Action for this). The logic does not work when market is not trending!
Test it out and let me know how it is working for you.
Multiple Indicators ScreenerA screener for multiple indicators with nice table output.
I was asked many times to update custom screener to display results in a table form. This way it looks much better.
You can play with background colors depend on values you're looking for.
In the screener, for example, I'm highlighting overbought/oversold RSI values, big ADX levels and trend of the Supertrend.
In parameters you can change settings for all indicators and change/disable tickers if 40 is too many for you.
There is only 1 function that calculates all these indicators. Potentially you can change and even add more indicators to this function.
Writing code for these kind of screener is a bit time consuming, so I even created a code generator in Python for these kind of indicators :) .
Disclaimer
Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as well as in historical backtesting.
This post and the script don’t provide any financial advice.
Jigga - Relative Strength - SectorsHi All !!
I came across relative strength concept from below indicator.
Indicator Name: (Relative-Strength by modhelius)
Note: Sorry !! Could not add indicator url here.
Formula:
RelativeStrength = (sectorValue / sectorValue ) / (indexValue / indexValue ) - 1 * 100
I used same concept and combine all sector's relative strength against Nifty50 index.
How to use:
You can change length based on your convenience and show/hide sectors.
Indicator will show strength line for that sector.
you can use this to identify momentum stocks.
BB+RSI+EMA BUY/SELL SignalsBINANCE:BTCUSDT
* * * TESTED ON BTCUSDT 4H CHART * * *
The indicator gives signals based on candles touching BB lines and RSI oversold/overbought conditions, also a 200 EMA filter is used to trade following the major trend.
Only LONG signals are given.
Signals are divided in 3 categories based on their strenght:
- Weak BUY/SELL (green/red circles on chart)
- normal BUY/SELL (green/red triangles with "BUY" or "SELL" text on chart)
- strong BUY/SELL (green/red labels with "STRONG BUY" or "STRONG SELL" text on chart)
You can use signals from the same category as triggers for entering or exiting a trade or you can try using signals from different categories
All indicators settings can be costumized
Every signal label can be turned ON/OFF
EMA that changes color based on last candle close can be turned ON/OFF
Alerts can be set for:
- General Signals (every signal will trigger it)
- Weak Signals (only weak signals will trigger it)
- Normal Signals (only normal signals will trigger it)
- Strong Signals (only strong signals will trigger it)
CDC ActionZone Multi-TF,Mult-Ticker with alert() [P-O-Concept]This is proof-of-concept for using single screen displaying triggering signal of multiple stock/crypto
This source code is subject to the terms of the Mozilla Public License 2.0 at mozilla.org
1. Original CDC Action Zone v3 2020 by © piriya33
Source of original indicator :
2. Table concept/part of code is pulled from Portfolio Tracker
***************************************************************************
CDC Action Zone is based on a simple EMA crossover between EMA12 and EMA26
The zones are defined by the relative position of price in relation to the two EMA lines
Different zones can be use to activate / deactivate other trading strategies
The strategy can also be used on its own with acceptable result, buy on the first green candle
and sell on the first red candle
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Hint Color Meaning :
Green = FastMA > SlowMA and Price is above FastMA
Blue = FastMA < SlowMA and Price is above both MA
LightBlue = FastMA < SlowMA and Price is between both MA
Red = FastMA < SlowMA and Price is below FastMA
Orange = FastMA > SlowMA and Price is below both MA
Yellow = FastMA > SlowMA and Price is between both MA
Blue/LightBlue/Orange/Yellow should be used with another indicator (such as divergent or so)
Cautions:
- This indicator is not meant to be used as "Signal" or "Trading System"
- This indicator provide a quick-glimpse to multiple ticker in same screen. You'll still have to see indications using original CDC Action Zone (If you're using with CDC System), or combining with another indicator (For shorter tf or scalping, or short/long cover)
- Up to 10 Tickers / Timeframe + Current ticker
Alert Creation Guideline
If this indicator will be used as alert. The timeframe for ticker should be set to "same as" the chart you're using, ie, to set alert on 4h, it should be created in 4h-timeframe (Alert is fired on bar close, using 1D-TABLE in 4H-CHART may trigger alert up to 6 times. else if using in 4H-TABLE in 1D-CHART the alert may not trigger at all)
Considering using ohlc4, hlc3, hl2 for market with no session
PS. Send me a message if you see any bug. (especially if using JSON, I have no chance to test with multiple alert at same tick.)
RSI & Stoch MultiTimeThis indicator renders a table with 2 rows and 7 columns displaying the values of RSI and Stoch over different time periods. This works best on 1m charts due to a bug with the time periods I haven't yet solved.
