If the RSI indicator shows the dominance of purchases over sales, it is interesting to know the speed of purchases. We calculate the speed using the wt indicator. We compute WT (RSI,len). Setting and designation of indicator RSI_SpeedUP. The RSI lines you are looking for are shown in smooth lines. The speed is shown by stepped lines.
In the indicator RSI and...
The Matrix is meant to trade sideward trending markets with intrinsic values (unlikely to move outside upper and lower boundaries) like Silver and Tbonds, to name a few.
The Matrix is is not affected by unforeseen market conditions and biased expectations, it simply buys low and sells high and it has proven to be more profitable when price gaps occur.
Trading...
This system was designed for the beginner trader to make money swing trading. Your losses will be small and your gains will be mostly large. You will show consistent profit. Period.
The system works on any security you like to trade. I used GBPUSD as an example because of the up swing and down swing it had recently. I tried to put as much information of how the...
First version here
Initial data:
1) RSI
2) Bollinger Bands (Basis - EMA )
3) Dispersion (around basis)
Signal for purchase: RSI crosses the dispersion zone upwards
Signal for sale: RSI crosses the dispersion zone downwards
Buffer zone: white area, it is not recommended to make transactions.
--- Add ( 02.10.2018 )
1) RSI lines (overbought /...
This is a predictive indicator that looks for explosions in momentum of the cycles in price and large shifts in Momentum (Fisher turns the Bimodal PDF into Guassian like) as statistically unlikely events, showing points to exit or reverse positions.
You can adjust the lowpass frequency cuttoff (Aka what cycles you want to remove from the calculations through the...
Initial data:
1) RSI
2) Bollinger Bands (Basis - EMA)
3) Dispersion (around basis)
Signal for purchase: RSI crosses the dispersion zone upwards
Signal for sale: RSI crosses the dispersion zone downwards
Buffer zone: white area, it is not recommended to make transactions.
The purpose of this script is to decipher chop zones from runs/movement/explosion
The chop is RSI movement between 40 and 60
tight chop is RSI movement between 45 and 55. There should be an explosion after RSI breaks through 60 (long) or 40 (short). Tight chop bars are colored black, a series of black bars is tight consolidation and should explode imminently. The...
Hello all,
To ease everyone's trading experience I made this script which colors RSI overbought and oversold conditions and as a bonus displays bullish or bearish divergences in last 50 candles (by default, you can change it).
Script is open source, part of code is from Trading View examples. If you have suggestions or you already made some improvements, please...
The script was designed for the purpose of catching the rocket portion of a move (the edge of momentum).
Long
--When RSI closes over 60, take long order 1 tick above that bar. The closed bar above RSI 60 will be colored "green" or whatever color the user chooses. (RSI > 60)
--On a long position, exit will be a closed bar below the ema (low, 10) . The closed...
Ergotic MACD Strategy forked from HPotter
In addition to this fine script you will find some additional features:
- Backtester
- Alerts
- Filters: RSI, MFI, Price trend
- Trailing Stop Loss
- Other minor adjustments
![BTCUSD: Merge Of RSI & Stochastic RSI [salar88]](https://s3.tradingview.com/b/bHqaoZuw_mid.png "Merge Of RSI & Stochastic RSI [salar88]")
![GBPUSD: Complete Trend Trading System [Fhenry0331]](https://s3.tradingview.com/0/0tSyg4OF_mid.png "Complete Trend Trading System [Fhenry0331]")
![DASHBTC: Ergotic MACD Strategy [forked from HPotter]](https://s3.tradingview.com/x/XR64hLGm_mid.png "Ergotic MACD Strategy [forked from HPotter]")
