Traditional interpretations and usage of the RSI dictate that values of 70 or above suggest that a security becomes overbought or overvalued and may be primed for a trend reversal or corrective price pullback. An RSI reading of 30 or below indicates an oversold or undervalued condition. 30 = Oversold 70 = Overbought Thanks @DieGobelMonte for your suggestion.
For Daily timeframe use 100, 40, 21, 200 in input settings. For 15 Minute time frame use 14, 28, 21, 100 in input settings
MARKET SECTOR SCANNER/SCREENER MOM + RSI + MFI + DMI + MACD FOR STOCKS CRYPTO & FOREX This script scans 9 markets constantly and returns the values of 5 different popular indicators. This indicator helps you see when one of your favorite stocks is bullish or bearish when you are not watching that chart so you can always catch the big moves as they...
Welcome to Market Sniper! This indicator attempts to catch market tops and bottoms based on the market being extremely extended in its respectful direction. It combines a Triple Stochastic RSI as well as MACD convergences to strengthen the signal. A standard RSI can also be shown if needed. Highlighted green means that you are moving towards a potential...
MOMENTUM + MONEY FLOW INDEX + RELATIVE STRENGTH INDEX WITH BULL & BEAR LABELS This is a combination of 3 popular indicators. Momentum(MOM), Money Flow Index(MFI) and Relative Strength Index(RSI) along with color changing labels that tell you each indicator's current trend. The middle white line shows the level that each indicator needs to stay above to be...
The Multi Trend Oscillator is a tool that combines the ratings of several indicators to facilitate the search for profitable trades. I was inspired by the excellent indicator "Technical Ratings" from Team TradingView to create an alternative with a technically new approach. Therefore, it is not a modified copy of the original, but newly conceived and...
The RSI signal is displayed with different color zones to reflect the value on the chart. This makes field evaluation more efficient. RSI values of different time frames are displayed in the table, helping to evaluate the market more objectively. A Retest Buy signal is given when the RSI value decreases from the area of more than 80 to 50. Retest Sell signal is...
Adaptive Oscillators use the same principle as Adaptive Moving Averages. This is an experiment to separate length generation from oscillators, offering multiple alternatives to be combined. Some of the combinations are widely known, some are not. Note that all Oscillators here are normalized to -1..1 range. This indicator is based on my previously published public...
GRID trading is a popular trading strategy in Forex and Commodity markets. It it however a tricky strategy when markets become directional. This Directional GRID system adjusts its trading strategy and direction based on Overbought and Oversold RSI conditions on 2 timeframes. It uses the short timeframe (chart) to trigger adjustments, so it delays...
I believe that everyone should monitor the basic indicators; EMA/SMA cross, BB and RSI on at least TWO timeframes before making any trading decisions. And because that is only possible on paid subscriptions, I created this indicator for people just getting started. It allows you to plot all of the mentioned AND 2 weeklies of your choice on 1 chart INCLUDING a...
Rodiz & BA🐷 RSI & EMA + Divergence Just simply adding Divergence to this already amazing Pig RSI Indicator
By analyzing multiple RSI lengths, this indicator helps identify trends and possible breakouts and confirm bottoms. ta.rsi is the indicator's main function. using the basic template from pine script library this code was constructed. Greed = Mustard Gold Top = Orange Bottom = Maroon Fear = Red
Hello everyone. This script allows you to use three diverent RSI indicators with different timeframes. For the first RSI there is the possibility to show divergernces (regular & hidden) for two different lengths. Cheers! derThommmi
This indicator base on RSI of 2 different periond. #A brief introduction to RSI # The relative strength index (RSI) is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset. The RSI is displayed as an oscillator (a line graph that...
An indicator to help you find entries in the current trend but showing overextensions and hidden divs It is based off my SRSI indicator Just more sensitivity and less clutter I wanted to make it as clear and simple to follow The underlying momentum is the leading indicator for which trades you want to take and candles will turn colors based on that If its...
* Bollinger Bands (BB) are a widely popular technical analysis instrument created by John Bollinger in the early 1980’s. Bollinger Bands consist of a band of three lines which are plotted in relation to security prices. The line in the middle is usually a Simple Moving Average (SMA) set to a period of 20 days (The type of trend line and period can be changed by...
RSI+MACD combination of both indicator, Cross over buy sell signal
This indicator is very similar to the movements of the original rsi, but in some places it works faster. This indicator is not perfect and does not work everywhere, this version is just my experiment. Use this indicator at your own risk, it may be suitable for your trading as some areas that I have indicated have worked out perfectly, experiment if you find it...