Multi-Asset Cross Timeframe Divergence Ind. (MACDI) // AlgoFyreThe Multi-Asset Cross Timeframe Divergence Indicator (MACDI) identifies divergences in momentum like RSI across multiple assets and timeframes. It visually highlights lagging correlated asset momentum divergences, helping traders spot inefficiencies and potential trade opportunities in the following asset.
🔶 KEY FEATURES
🔸Average Momentum Trendline for Each Timeframe
The Average Momentum Trendline feature calculates the average momentum of multiple assets over specified timeframes. It uses smoothed values to determine the momentum trend for each timeframe on the average aggregated momentum of both assets. This trendline helps traders identify the overall direction of the market momentum, providing a clearer picture of potential price movements.
🔸Real-time Divergence Indication and Alert Table
The Real-time Divergence Indications and Alert Table feature visualizes detected divergences between the momentum values of the two assets across different timeframes. It identifies both bullish and bearish divergences, signaling lagging reversals in the the following asset and potential trading opportunities. When a divergence is detected, the system generates real-time visual indications on the chart and in an overview table for traders to act promptly. The alert table provides a comprehensive overview of all detected divergences, making it easier for traders to monitor and respond to market changes.
🔸Color and Size Based Labels on Price Chart based on Divergence Type
The Color and Size Based Labels feature visually represents divergences directly on the price chart. Bullish and bearish divergences are marked with distinct colors and sizes, making them easily identifiable at a glance. Larger labels indicate higher timeframes and thus generally more significance.
🔶 INSTRUCTION GUIDELINES
🔸Identify Divergence Clusters
The more divergences align, the higher the probability of a potential trend reversal in the asset. When multiple multi-timeframe divergences occur in both lower and higher timeframes within a local cluster, the probability of a reversal increases. This is valid for both for bullish and bearish divergences.
🔸Spot Low Probability Divergences
To further increase the probability, analyze the current state of the average momentum trendline. For a bullish reversal, a relatively low level of the average momentum trendline is preferred, whereas for a bearish reversal, a relatively high level is preferred.
🔶 INDIVIDUAL CONFIGURATION
🔸Leading Asset
This input allows the user to select the leading asset for the divergence analysis.
🔸Following Asset
This input allows the user to select the following asset for the divergence analysis.
🔸Higher Timeframe
This input sets the higher timeframe for the analysis.
🔸Lower Timeframe
This input sets the lower timeframe for the analysis.
🔸Show RSI Divergence
This input enables or disables the display of RSI divergence signals.
🔸RSI Length
This input sets the length of the RSI calculation.
🔸RSI Source
This input sets the source data for the RSI calculation (e.g., close price).
🔸RSI Smoothing Length
This input sets the length of the smoothing applied to the RSI values.
🔸Smoothing Method
This input sets the method used for smoothing the RSI values.
🔶 CONCLUSION
The Multi-Asset Cross Timeframe Divergence Indicator (MACDI) is a powerful tool for identifying momentum divergences across multiple assets and timeframes. Its visual cues and customizable table make it easy to use and interpret, providing valuable insights for trading decisions.
Rsidivergence
RSI Divergence and GradientThe RSI Divergence and Gradient Indicator simplifies the process of identifying the relationship between price action and the Relative Strength Index (RSI). By integrating RSI data directly into the price chart, traders no longer need to open a separate pane to monitor RSI or manually compare price action and RSI.
This indicator allows traders to easily spot overbought or oversold conditions and detect divergences between price and RSI. These signals can help identify potential reversal points and more effectively assess trend strength.
Features
RSI Divergences: The script identifies and plots bullish and bearish RSI divergences, which can signal potential reversals. Bullish divergences are indicated by an upward triangle below the price bars, while bearish divergences are indicated by a downward triangle above the price bars.
Overbought/Oversold Gradient: The script uses a color gradient to highlight overbought and oversold conditions on the chart, helping traders visualize momentum and trend strength. The gradient dynamically adjusts based on RSI values, transitioning through different colors to represent the intensity of overbought or oversold conditions.
Customizable Gradient: The gradient is customizable, allowing traders to set their own thresholds for overbought and oversold levels, and to choose the colors that best suit their trading style. This flexibility ensures the indicator can be tailored to individual preferences.
How It Works
RSI Calculation: The indicator calculates RSI using the standard 14-period length by default, but this can be adjusted to suit the trader's needs.
Divergence Detection: The script identifies divergences by comparing the highest and lowest points of the RSI with the corresponding price levels over the RSI period length. When a divergence is detected, it is plotted on the chart to indicate a potential reversal.
Gradient Coloring: The gradient coloring system changes the bar colors based on RSI levels. The color transitions from a neutral tone to specified start and end colors as RSI approaches overbought or oversold thresholds, providing a visual cue for potential overextended market conditions.
Intended Use
This indicator is particularly useful for traders who want to combine momentum analysis with divergence signals to identify potential reversal points or confirm trend strength. The visual gradient aids in quickly assessing market conditions, making it easier to spot high-probability trading opportunities.
RSI - Made EasyThis indicator is a visually improved version of RSI. It makes it much easier to see what's happening by simplifying those confusing, intersecting lines. With this, you can detect the RSI direction more clearly. All the features are also explained in the tooltips of the input fields. Some extra features are included, such as average top and bottom calculation, standard deviation and divergences.
Color legend:
Green: RSI Above MA and Rising
Light Green: RSI Above MA and Falling
Red: RSI Below MA and Falling
Light Red: RSI Below MA and Rising
Blue: RSI Crossover MA
Orange: RSI Crossunder MA
Blue Arrow: Bullish Divergence
Orange Arrow: Bearish Divergence
Triple EMA + QQE Trend Following Strategy [TradeDots]The "Triple EMA + QQE Trend Following Strategy" harnesses the power of two sophisticated technical indicators, the Triple Exponential Moving Average (TEMA) and the Qualitative Quantitative Estimation (QQE), to generate precise buy and sell signals. This strategy excels in capturing shifts in trends by identifying short-term price momentum and dynamic overbought or oversold conditions.
HOW IT WORKS
This strategy integrates two pivotal indicators:
Triple Exponential Moving Average (TEMA): TEMA enhances traditional moving averages by reducing lag and smoothing the data more effectively. It achieves this by applying the EMA formula three times onto the price, as follows:
tema(src, length) =>
ema1 = ta.ema(src, length)
ema2 = ta.ema(ema1, length)
ema3 = ta.ema(ema2, length)
tema = 3*ema1 - 3*ema2 + ema3
This computation helps to sharpen the sensitivity to price movements.
Qualitative Quantitative Estimation (QQE): The QQE indicator improves upon the standard RSI by incorporating a smoothing mechanism. It starts with the standard RSI, overlays a 5-period EMA on this RSI, and then enhances the result using a double application of a 27-period EMA. A slow trailing line is then derived by multiplying the result with a factor number. This approach establishes a more refined and less jittery trend-following signal, complementing the TEMA to enhance overall market timing during fluctuating conditions.
APPLICATION
Referenced from insights on "Trading Tact," the strategy implementation follows:
First of all, we utilize two TEMA lines: one set at a 20-period and the other at a 40-period. Then following the rules below:
40-period TEMA is rising
20-period TEMA is above 40-period TEMA
Price closes above 20-period TEMA
Today is not Monday
RSI MA crosses the Slow trailing line
This strategy does not employ an active take profit mechanism; instead, it utilizes a trailing stop loss to allow the price to reach the stop loss naturally, thereby maximizing potential profit margins.
DEFAULT SETUP
Commission: 0.01%
Initial Capital: $10,000
Equity per Trade: 80%
Users are advised to adjust and personalize this trading strategy to better match their individual trading preferences and style.
RISK DISCLAIMER
Trading entails substantial risk, and most day traders incur losses. All content, tools, scripts, articles, and education provided by TradeDots serve purely informational and educational purposes. Past performances are not definitive predictors of future results.
Reference:
Trading Tact. What Is the QQE Indicator? Retrieved from: tradingtact.com
RSI Multi Strategies With Overlay SignalsHello everyone,
In this indicator, you will find 6 different entry and exit signals based on the RSI :
Entry into overbought and oversold zones
Exit from overbought and oversold zones
Crossing the 50 level
RSI cross RSI MA below or above the 50 level
RSI cross RSI MA in the overbought or oversold zones
RSI Divergence
With the signals identified, you can create your own strategy . (If you have any suggestions, please mention them in the comments).
Beyond these signals, you can set SL (Stop Loss) and TP (Take Profit) levels to better manage your positions.
SL Methods:
Percentage: The stop loss is determined by the percentage you specify.
ATR : The stop level is determined based on the Average True Range (ATR).
TP Methods:
Percentage: The take profit is determined by the percentage you specify.
RR ( Risk Reward ): The take profit level is determined based on the distance from the stop level.
You can mix and match these options as you like.
What makes the indicator unique and effective is its ability to display the RSI in the bottom chart and the signals, SL (Stop Loss), and TP (Take Profit) levels in the overlay chart simultaneously. This feature allows you to manage your trading quickly and easily without the need for using two separate indicators.
Let's try out a few strategies together.
My entry signal: RSI Entered OS (Oversold) Zone
My exit signal: RSI Entered OB (Overbought) Zone
I'm not using a stoploss for this strategy ("Fortune favors the brave").
Let's keep ourselves safe by adding a stop loss.
I'm adding an ATR-based stop loss.
I think it's better now.
If you have any questions or suggestions about the indicator, you can contact me.
Cheers
Divergence Detector [TradingFinder] RSI + MACD + AO Oscillator 🔵 Introduction
🟣 Understanding Divergence
As mentioned, divergence occurs in technical analysis when a stock's price behaves contrary to indicators on the price chart. Divergence can signify either a reversal of the stock's trend or a continuation of the previous trend correction.
Divergences can act as reversal patterns or continuation patterns. Moreover, divergences can be utilized to identify potential support and resistance levels.
For instance, when an indicator is trending upwards and positive, but the price is declining and trending downwards, divergence occurs. Divergence in a stock indicates trader indecision in buying and selling and warns traders to reconsider their decisions regarding buying or holding the stock.
Divergence aids analysts in identifying critical price points. In indicator divergences, it serves as a potent signal in the realm of technical analysis.
🟣 Types of Divergence
1.Regular Divergence
o Positive Regular Divergence (RD+)
o Negative Regular Divergence (RD-)
2.Hidden Divergence
o Positive Hidden Divergence (HD+)
o Negative Hidden Divergence (HD-)
3.Time Divergence
Key Note : This indicator is specifically designed to identify "Regular Divergence" only. Therefore, the following explanation pertains to this type of divergence.
🔵 Regular Divergence/Convergence
Regular Divergence(Convergence) occurs due to conflicting behavior between the indicator and the price chart, typically at the end of a trend. Recognizing Regular Divergence suggests an anticipation of a trend reversal or a pattern resembling a reversal.
🟣 Positive Regular Divergence (RD+)
In contrast to negative divergence, positive Regular Divergence occurs at the end of a downtrend and between two price lows. It manifests when the price forms a new low on the price chart, but the indicator fails to recognize it.
Positive Regular Divergence indicates strong buying pressure and weak selling pressure. Following the identification of positive divergence on the chart, one can anticipate a price increase for the examined stock.
🟣 Negative Regular Divergence (RD-)
This type of Regular Divergence emerges between two price highs during an uptrend. A new high is formed on the price chart, but the indicator fails to acknowledge it. This scenario indicates negative Regular Divergence.
The likelihood of a subsequent market downturn is high. Negative divergence signifies strong selling pressure and weak buying pressure, suggesting an unfavorable future for the stock.
🔵 How to use
By utilizing the "Fractal Period" input, you can specify your desired periods for identifying divergences.
Additionally, through the "Divergence Detect Method" feature, you can choose which oscillators (MACD, RSI, or AO) to base divergence identification on.
Divergence in MACD Oscillator :
Divergence in the MACD indicator occurs when the price chart and the MACD line form a noticeable opposing pattern, meaning the price moves contrary to the MACD line. In this scenario, one expects a reversal in price direction.
Divergence in RSI Oscillator :
If divergence occurs during a downtrend on the price chart (two consecutive lows, with the second low being lower) and on the corresponding RSI point (two consecutive lows, with the second low being higher), it signifies positive Regular Divergence and implies a buying signal.
Conversely, if divergence occurs during an uptrend on the price chart (two consecutive highs, with the second high being higher) and on the corresponding RSI point (two consecutive highs, with the second high being lower), it indicates negative Regular Divergence, signaling a selling opportunity.
Divergence in AO Oscillator :
The AO indicator calculates histograms similar to the AO base. It calculates the difference between the simple moving averages of 5 and 34 periods based on the median of each bar. Then, it plots the bars based on the difference.
It then compares the histograms to detect peaks and troughs in the AO histograms and compares the identified peaks and troughs to the price. Whenever divergence is detected, it plots lines and arrows.
🔵 Table
The table contains information on the functional features of this oscillator that you can utilize. Four categories of information are presented in the table: "Exist," "Consecutive," "Divergence Quality," and "Change Phase Indicator."
Exist :
If divergence exists, you'll see "+" in this row.
Consecutive :
Divergences may occur consecutively. If same-type divergences form within short intervals, you can observe the count in this row.
Divergence Quality : Based on the number of consecutive divergences, their quality can be evaluated. If one divergence exists, its quality is considered "Normal." If two divergences exist, the quality is "Good," and if three or more divergences exist, the quality is considered "Strong."
Change Phase Indicator : If a phase change occurs between two oscillation peaks formed based on divergence, this change is identified and displayed in this row.
Heikin Ashi RSI + OTT [Erebor]Relative Strength Index (RSI)
The Relative Strength Index (RSI) is a popular momentum oscillator used in technical analysis to measure the speed and change of price movements. Developed by J. Welles Wilder, the RSI is calculated using the average gains and losses over a specified period, typically 14 days. Here's how it works:
Description and Calculation:
1. Average Gain and Average Loss Calculation:
- Calculate the average gain and average loss over the chosen period (e.g., 14 days).
- The average gain is the sum of gains divided by the period, and the average loss is the sum of losses divided by the period.
2. Relative Strength (RS) Calculation:
- The relative strength is the ratio of average gain to average loss.
The RSI oscillates between 0 and 100. Traditionally, an RSI above 70 indicates overbought conditions, suggesting a potential sell signal, while an RSI below 30 suggests oversold conditions, indicating a potential buy signal.
Pros of RSI:
- Identifying Overbought and Oversold Conditions: RSI helps traders identify potential reversal points in the market due to overbought or oversold conditions.
- Confirmation Tool: RSI can be used in conjunction with other technical indicators or chart patterns to confirm signals, enhancing the reliability of trading decisions.
- Versatility: RSI can be applied to various timeframes, from intraday to long-term charts, making it adaptable to different trading styles.
Cons of RSI:
- Whipsaws: In ranging markets, RSI can generate false signals, leading to whipsaws (rapid price movements followed by a reversal).
- Not Always Accurate: RSI may give false signals, especially in strongly trending markets where overbought or oversold conditions persist for extended periods.
- Subjectivity: Interpretation of RSI levels (e.g., 70 for overbought, 30 for oversold) is somewhat subjective and can vary depending on market conditions and individual preferences.
Checking RSIs in Different Periods:
Traders often use multiple timeframes to analyze RSI for a more comprehensive view:
- Fast RSI (e.g., 8-period): Provides more sensitive signals, suitable for short-term trading and quick decision-making.
- Slow RSI (e.g., 32-period): Offers a smoother representation of price movements, useful for identifying longer-term trends and reducing noise.
By comparing RSI readings across different periods, traders can gain insights into the momentum and strength of price movements over various timeframes, helping them make more informed trading decisions. Additionally, divergence between fast and slow RSI readings may signal potential trend reversals or continuation patterns.
Heikin Ashi Candles
Let's consider a modification to the traditional “Heikin Ashi Candles” where we introduce a new parameter: the period of calculation. The traditional HA candles are derived from the open 01, high 00 low 00, and close 00 prices of the underlying asset.
Now, let's introduce a new parameter, period, which will determine how many periods are considered in the calculation of the HA candles. This period parameter will affect the smoothing and responsiveness of the resulting candles.
In this modification, instead of considering just the current period, we're averaging or aggregating the prices over a specified number of periods . This will result in candles that reflect a longer-term trend or sentiment, depending on the chosen period value.
For example, if period is set to 1, it would essentially be the same as traditional Heikin Ashi candles. However, if period is set to a higher value, say 5, each candle will represent the average price movement over the last 5 periods, providing a smoother representation of the trend but potentially with delayed signals compared to lower period values.
Traders can adjust the period parameter based on their trading style, the timeframe they're analyzing, and the level of smoothing or responsiveness they prefer in their candlestick patterns.
Optimized Trend Tracker
The "Optimized Trend Tracker" is a proprietary trading indicator developed by TradingView user ANIL ÖZEKŞİ. It is designed to identify and track trends in financial markets efficiently. The indicator attempts to smooth out price fluctuations and provide clear signals for trend direction.
The Optimized Trend Tracker uses a combination of moving averages and adaptive filters to detect trends. It aims to reduce lag and noise typically associated with traditional moving averages, thereby providing more timely and accurate signals.
Some of the key features and applications of the OTT include:
• Trend Identification: The indicator helps traders identify the direction of the prevailing trend in a market. It distinguishes between uptrends, downtrends, and sideways consolidations.
• Entry and Exit Signals: The OTT generates buy and sell signals based on crossovers and direction changes of the trend. Traders can use these signals to time their entries and exits in the market.
• Trend Strength: It also provides insights into the strength of the trend by analyzing the slope and momentum of price movements. This information can help traders assess the conviction behind the trend and adjust their trading strategies accordingly.
• Filter Noise: By employing adaptive filters, the indicator aims to filter out market noise and false signals, thereby enhancing the reliability of trend identification.
• Customization: Traders can customize the parameters of the OTT to suit their specific trading preferences and market conditions. This flexibility allows for adaptation to different timeframes and asset classes.
Overall, the OTT can be a valuable tool for traders seeking to capitalize on trending market conditions while minimizing false signals and noise. However, like any trading indicator, it is essential to combine its signals with other forms of analysis and risk management strategies for optimal results. Additionally, traders should thoroughly back-test the indicator and practice using it in a demo environment before applying it to live trading.
The following types of moving average have been included: "SMA", "EMA", "SMMA (RMA)", "WMA", "VWMA", "HMA", "KAMA", "LSMA", "TRAMA", "VAR", "DEMA", "ZLEMA", "TSF", "WWMA". Thanks to the authors.
Thank you for your indicator “Optimized Trend Tracker”. © kivancozbilgic
Thank you for your programming language, indicators and strategies. © TradingView
Kind regards.
© Erebor_GIT
YD_Divergence_RSI+CMFThe ‘YD_Divergence_RSI+CMF’ indicator can find divergence using RSI (Relative Strength Index) and CMF (Chaikin Money Flow) indicators.
📌 Key functions
1. Search pivot high and pivot low points in a certain length of price.
2. Connect pivot high to pivot high , pivot low to pivot low , forming two standards for divergence in result.
The marker then plots only the higher high, lower low lines.
(higher low and lower high in prices are referred to hidden divergence, which are not considered in this indicator)
3. Compare the two standards with RSI and CMF indicators, send an alert if there is a divergence. As a result, the indicator will find four combination of divergence.
A. Higher high price / Lower RSI (Bearish RSI Divergence)
B. Lower low price / Higher RSI (Bullish RSI Divergence)
C. Higher high price / Lower CMF (Bearish CMF Divergence)
D. Lower low price / Higher CMF (Bullish CMF Divergence)
📌 Details
Developing the indicators, we put a lot of effort in making a customizable and user-friendly interface.
#1. Pivot Setting
Users can set the length to find the pivot high / pivot low in ‘Pivot Settings – Pivot Length.’
Increased pivot Length takes more candles to interpret the chart but reduce false signals since the it uses only the most certain pivot high / pivot low values. Obviously, decreased pivot length will act the opposite.
Users can choose whether to use ‘High/Low’ or ‘Close’ in ‘Pivot Reference’ to set the swing point of prices.
Users can also choose whether to display the pivot high / pivot low marker on the chart.
#2 RSI & CMF Settings
Users can adjust the length of RSI & CMF separately. (The default values are set to 14 and 20 each.)
#3 Label Setting
Users can adjust the text displayed on the chart label. (The default values is set to ‘Bullish / Bearish’, ‘RSI/CMF’, ‘Divergence’.)
Users can reduce the length of text label or simply turn the label off. Just click the ‘Bull/Bear’ or ‘None’ button. ‘Divergence’ works the same.
Users can decide whether to display the ‘Divergence Line and Label’, set custom settings for the label and line. (color, thickness, style, etc)
📌 Alert
Alert are provided as a combination of the chart's symbol and the set label text. For example,
‘BINANCE:BTCUSDT.P, Bullish RSI Divergence’
====================================================
"YD_Divergence_RSI+CMF" 지표 는 RSI와 CMF 지표를 이용해서 Divergence 를 찾아낼 수 있습니다.
📌 주요 기능
1. 정해진 가격 움직임 안에서 pivot high와 pivot low 포인트 를 찾아냅니다.
2. Pivot high로만 이어진 라인과, Pivot low로만 이어진 두 라인을 작도한 뒤 divergence의 기준으로 삼습니다.
이 지표에서는 normal divergence만 사용하기 때문에 차트에 higher high와 lower low만 표기 합니다.
(higher low와 lower high는 hidden divergence로 정의되며, 이 지표에서는 다루지 않습니다.
3. 두 기준선과 RSI, CMF 지표를 각각 비교하고, 결과적으로 4개의 조합을 구할 수 있습니다.
A. Higher high price / Lower RSI (Bearish RSI Divergence)
B. Lower low price / Higher RSI (Bullish RSI Divergence)
C. Higher high price / Lower CMF (Bearish CMF Divergence)
D. Lower low price / Higher CMF (Bullish CMF Divergence)
📌 세부 사항
지표를 개발하며 사용자들이 원하는 방향으로 지표를 설정할 수 있게 작업에 많은 공을 들였습니다. 굉장히 다양한 옵션을 선택할 수 있으며, 원하는 방식으로 지표를 사용할 수 있습니다.
#1 Pivot Setting
Pivot setting에서는 Pivot Length를 변경할 수 있습니다.
Pivot Length를 늘릴 경우, 보다 확실한 Swing High와 Swing Low만을 사용하게 되므로, False signal이 줄어들 수 있습니다. 하지만 Swing High/ Low를 판정하는 데에 더 긴 시간이 걸리게 되므로, Signal이 다소 늦게 발생하는 단점이 생기게 됩니다.
Pivot Length를 줄일 경우, 반대로 Swing High/Low의 판정이 더 빨리 일어나기 때문에, Signal을 거래에 이용하기는 좋을 수 있습니다. 다만, Swing High와 Low가 훨씬 더 잦은 빈도로 발생하기 때문에 False Signal을 줄 가능성이 높아집니다.
Pivot Reference에서는 가격의 Swing Point를 설정함에 있어, High/Low(고가/저가)를 이용할 지 Close (종가)를 이용할 지 선택할 수 있습니다.
Pivot High/Low Marker를 선택할 경우 Pivot High/ Low에 Marker가 찍히게 됩니다.
#2 RSI와 CMF Setting
RSI와 CMF Setting에서는 RSI와 CMF의 길이를 각각 설정할 수 있습니다. 기본값은 14와 20으로 설정되어 있습니다.
#3 Label Setting
Label Setting에서는 Label에 표시되는 글자를 선택할 수 있습니다.
기본값은 "Bullish / Bearish", "RSI/CMF", "Divergence"로 선택되어 있으며, 너무 길다고 느껴질 경우 "Bull/Bear" 혹은 "None"을 클릭하여 길이를 줄일 수 있습니다. 마찬가지로 Divergence의 경우도 생략이 가능합니다.
하단에서는 Divergence Line과 Label을 켜고 끌 수 있으며, 선의 색깔, 굵기, 종류, 그리고 Label의 색깔, 크기, 종류를 선택할 수 있습니다. Label의 Text 색 역시 변경이 가능합니다.
📌 얼러트
얼러트는 자신이 설정한 차트의 심볼과 Label의 문구의 조합으로 제공되며 예를 들면 다음과 같습니다.
"BINANCE:BTCUSDT.P, Bullish RSI Divergence"
Bollinger RSI BandsIndicator Description:
The "Bollinger RSI Bands" is an advanced technical analysis tool designed to empower traders with comprehensive insights into market trends, reversals, and overbought/oversold conditions. This multifaceted indicator combines the unique features of candle coloration and Bollinger Bands with the Relative Strength Index (RSI), making it an indispensable tool for traders seeking to optimize their trading strategies.
Purpose:
The primary purpose of the "Bollinger RSI Bands" indicator is to provide traders with a holistic view of market dynamics by offering the following key functionalities:
Candle Coloration: The indicator's signature candle colors - green for bullish and red for bearish - serve as a visual representation of the prevailing market trend, enabling traders to quickly identify and confirm market direction.
RSI-Based Moving Average: A smoothed RSI-based moving average is plotted, facilitating the detection of trend changes and potential reversal points with greater clarity.
RSI Bands: Upper and lower RSI bands, set at 70 and 30, respectively, help traders pinpoint overbought and oversold conditions, aiding in timely entry and exit decisions.
Bollinger Bands: In addition to RSI bands, Bollinger Bands are overlaid on the RSI-based moving average, offering insights into price volatility and highlighting potential breakout opportunities.
How to Use:
To maximize the utility of the "Bollinger RSI Bands" indicator, traders can follow these essential steps:
Candle Color Confirmation: Assess the color of the candles. Green candles signify a bullish trend, while red candles indicate a bearish trend, providing a clear and intuitive visual confirmation of market direction.
Overbought and Oversold Identification: Monitor price levels relative to the upper RSI band (70) for potential overbought signals and below the lower RSI band (30) for potential oversold signals, allowing for timely adjustments to trading positions.
Trend Reversal Recognition: Observe changes in the direction of the RSI-based moving average. A transition from bearish to bullish, or vice versa, can serve as a valuable signal for potential trend reversals.
Volatility and Breakout Opportunities: Keep a watchful eye on the Bollinger Bands. Expanding bands signify increased price volatility, often signaling forthcoming breakout opportunities.
Why Use It:
The "Bollinger RSI Bands" indicator offers traders several compelling reasons to incorporate it into their trading strategies:
Clear Trend Confirmation: The indicator's distinct candle colors provide traders with immediate confirmation of the current trend direction, simplifying trend-following strategies.
Precise Entry and Exit Points: By identifying overbought and oversold conditions, traders can make more precise entries and exits, optimizing their risk-reward ratios.
Timely Trend Reversal Signals: Recognizing shifts in the RSI-based moving average direction allows traders to anticipate potential trend reversals and adapt their strategies accordingly.
Volatility Insights: Bollinger Bands offer valuable insights into price volatility, aiding in the identification of potential breakout opportunities.
User-Friendly and Versatile: Despite its advanced features, the indicator remains user-friendly and versatile, catering to traders of all experience levels.
In summary, the "Bollinger RSI Bands" indicator is an indispensable tool for traders seeking a comprehensive view of market dynamics. With its unique combination of candle coloration and Bollinger Bands, it empowers traders to make more informed and strategic trading decisions, ultimately enhancing their trading outcomes.
Note: Always utilize this indicator in conjunction with other technical and fundamental analysis tools and exercise prudence in your trading decisions. Past performance is not indicative of future results.
Volume Based RSI with ADXThe RSI indicator is a powerful tool that utilizes both volume and time to determine market trends. When there is a low volume of trades in a short period of time, but the trading activity is high, it is considered bullish or bearish. In the case of a bullish trend, the RSI indicator will display a green color, while a bearish trend will be represented by a red color. If there is no trading activity, the indicator will display a gray color. Additionally, if the ADX level meets the threshold level, the indicator will display a blue color. However, if the ADX level does not meet the threshold level, the indicator will revert back to displaying a gray color.
RSI + Divergences + Alerts [MisterMoTA]The indicator RSI + Divergences + Alerts by MisterMoTA is an RSI indicator that fills the RSI and RSI moving average with 4 different colors (growing up, falling up, falling down and rising down colors), users can customize colors from dashboard , also can be disabled the fill if the user want a standard RSI.
The dafault value of RSI is 14 and value of the moving average is 50 ( a dynamic 50 rsi line is better for trend identification than a standard 50 line) and users can change the values from indicator settings.
For detecting the divergences displayed in the indicator, I integrated in our script the default Divergences indicator from Tradingview, users can display, hide and change colors for regular and hidden divergences.
RSI indicator display also trend conditions for RSI and RSI MA, the RSI MA angle is calculated using ATR value, the slope of the RSI Noving Average can help to identify trend conditions too.
The script comes with 12 different alerts, if need different alerts please let me know in the comments and will update the script with your request:
Alert for Regular Bullish Divergence
Alert for Regular Bearish Divergence
Alert for Hidden Bullish Divergence
Alert for Hidden Bearish Divergence
Alert for RSI Overbought
Alert for RSI Extreme Overbought
"Alert for RSI Oversold
Alert for RSI Extreme Oversold
Alert for RSI Crossing Above RSI MA
Alert for RSI Crossing Bellow RSI MA
Alert for RSI Crossing Above 50
Alert for RSI Crossing Bellow 50
Please follow me for other script like this one.
Kind regards,
MisterMoTA
RSI with Close & Tail DivergencesRSI divergence is a cornerstone signal for both stock and cryptocurrency traders, renowned for its reliability.
The basis for measuring divergence can vary:
Historically, it's been determined by the candlestick's closing price.
However, a contemporary approach uses the tail values, specifically the high and low prices, of the candlestick.
Depending on the criteria selected, the resultant signals can be markedly different.
Our innovative indicator offers:
Divergence tracking based on the closing price of the candlestick.
Divergence tracking considering the candlestick's peak and trough values.
A unique convergence of both types of divergence signals.
With this tool, traders are empowered to make informed decisions, anchored in precise divergence cues.
This indicator boasts the following capabilities:
Displays divergence based on closing price, highs/lows, as well as a unique combined criterion.
Highlights pivot points.
Denotes divergence spots on the RSI chart with lines.
Offers a background color representation instead of labels.
Double Relative Strength Index (Double RSI)# Double Relative Strength Index (Double RSI) Indicator
The Double Relative Strength Index (Double RSI) is a custom trading indicator for the TradingView platform. It provides traders with two Relative Strength Index (RSI) bands, a fast RSI, and a slow RSI, which can be helpful in identifying potential entry and exit points in the market.
## Features
- **Uses 2 RSI Bands:** The indicator displays two RSI lines on the chart, providing insights into the short-term and long-term strength of the asset's price movement.
- **Fast and Slow RSI:** The fast RSI uses a shorter length, while the slow RSI uses a longer length, allowing traders to observe different time frames of price momentum.
- **Smoothing:** To reduce noise and improve the readability of the RSI lines, the indicator offers multiple smoothing options such as RMA, SMA, EMA, WMA, and HMA.
- **Crossover and Crossunder Signals:** The indicator identifies potential trading signals when the fast RSI crosses above or below the slow RSI. These events are visually highlighted on the chart with color-coded candlesticks.
- **RSI Bands:** The indicator also includes colored bands that represent different RSI levels, such as 80%, 75%, 60%, 50%, 45%, 25%, and 20%. These bands help visualize the RSI's current position relative to overbought and oversold conditions.
## How to Use
1. Add the "Double RSI" indicator to your TradingView chart.
2. Customize the input parameters according to your preferences, such as the lengths of the fast and slow RSIs and the smoothing method.
3. The indicator will display two RSI lines on the chart, each with its own color.
4. Look for crossover events where the fast RSI line crosses above the slow RSI line, indicating a potential bullish signal.
5. Watch for crossunder events where the fast RSI line crosses below the slow RSI line, indicating a potential bearish signal.
6. The colored bands represent different RSI levels. When the RSI is in the overbought (high) or oversold (low) regions, it may suggest a potential reversal in price direction.
## Disclaimer
Please remember that the Double RSI indicator is provided for informational purposes only and should not be considered as financial advice or a standalone trading strategy. Always perform your own research, use additional tools and indicators, and consider risk management techniques before making any trading decisions.
**Note:** This code is subject to the terms of the Mozilla Public License 2.0. For more details, refer to the (mozilla.org).
RSI Supreme Multi-Method [MyTradingCoder]Introducing the "RSI Supreme Multi-Method" indicator, a powerful tool that combines the Relative Strength Index (RSI) with selectable manipulation methods to identify overbought and oversold conditions in the market, along with the ability to detect divergences for enhanced trading insights.
The indicator features four distinct manipulation methods for the RSI, each providing valuable insights into market conditions:
1. Standard RSI Method: The indicator uses the traditional RSI calculation to identify overbought and oversold areas.
2. Volatility Weighted RSI Method: This method applies a volatility formula to the RSI calculation, allowing for a more responsive indication of market conditions during periods of heightened volatility. Users can adjust the length of the volatility formula to fine-tune this method.
3. Smoothed RSI Method: The smoothed RSI method utilizes a smoothing algorithm to reduce noise in the RSI values, presenting a clearer representation of overbought and oversold conditions. The length of the smoothing can be adjusted to match your trading preferences.
4. Session Weighted RSI Method: With this innovative method, users can specify multipliers for different time sessions throughout the day to manipulate the base RSI. Each session can be customized with start and end times, enabling or disabling specific sessions, and specifying the multiplier for each session. This feature allows traders to adapt the RSI to different market sessions dynamically.
Additionally, the "RSI Supreme Multi-Method" indicator draws divergences on the oscillator, providing an extra layer of analysis for traders. Divergences occur when the direction of the RSI differs from the direction of the price movement, potentially signaling trend reversals.
Key Settings:
RSI Length: Adjust the length of the base RSI before applying any manipulation.
RSI Source: Determine the data source for the base RSI calculation.
Overbought Value: Set the RSI value at which overbought conditions are indicated.
Oversold Value: Set the RSI value at which oversold conditions are indicated.
RSI Type: Choose from four options: Standard, Smoothed, Volatility Manipulated, or Session Manipulated.
Volatility Manipulated Settings: Adjust the length of the volatility formula (applicable to Volatility Manipulated method).
Smoothed Settings: Adjust the length of the smoothing (applicable to Smoothed method).
Session Manipulated Settings: Customize six different time sessions with start and end times, enable or disable specific sessions, and specify multipliers for each session.
Divergence Color: Adjust the color of the drawn divergences to suit your chart's aesthetics.
Divergence Tuning: Fine-tune the sensitivity of the divergence detection for more accurate signals.
The "RSI Supreme Multi-Method" indicator is a versatile and comprehensive tool that can be used to identify overbought and oversold areas, as well as to spot potential trend reversals through divergences. However, like all technical analysis tools, it should be used in conjunction with other indicators and analysis methods to make well-informed trading decisions.
Enhance your trading insights with the "RSI Supreme Multi-Method" indicator and gain an edge in identifying critical market conditions and divergences with precision.
RSI Divergence Screener by zdmreThis screener tracks the following for up to 20 assets:
-All selected tickers will be screened in same timeframes (as in the chart).
-Values in table indicate that how many days passed after the last Bullish or Bearish of RSI Divergence.
For example, when BTCUSDT appears Bullish-Days Ago (15) , Bitcoin has switched to a Bullish Divergence signal 15 days ago.
Thanks to @QuantNomad and @MUQWISHI for building the base for this screener.
*Use it at your own risk
Note:
Screener shows the information about the RSI Divergence Scanner by zdmre with default settings.
Based indicator:
RSI MTF [Market Yogi]The Multi-Time Frame RSI with Money Flow Index and Average is a powerful trading indicator designed to help traders identify overbought and oversold conditions across multiple time frames. It combines the Relative Strength Index (RSI) with the Money Flow Index (MFI) and provides an average value for better accuracy.
The Relative Strength Index (RSI) is a popular momentum oscillator that measures the speed and change of price movements. It oscillates between 0 and 100 and is used to identify overbought and oversold conditions in an asset. By incorporating the RSI across multiple time frames, this indicator offers a broader perspective on market sentiment.
In addition to the RSI, this indicator also includes the Money Flow Index (MFI). The MFI is a volume-based oscillator that measures the inflow and outflow of money into an asset. It takes into account both price and volume, providing insights into the strength and direction of buying and selling pressure.
By combining the RSI and MFI across multiple time frames, traders gain a comprehensive understanding of market dynamics. The indicator allows for comparing the RSI and MFI values across different time frames, enabling traders to identify divergences and potential trend reversals.
Furthermore, this indicator provides an average value of the multi-time frame RSI, offering a consolidated signal that helps filter out noise and enhance the accuracy of trading decisions.
Key Features:
1. Multi-Time Frame RSI: Combines the RSI across different time frames to provide a comprehensive view of market sentiment.
2. Money Flow Index (MFI): Incorporates the MFI to gauge buying and selling pressure based on both price and volume.
3. Average Calculation: Computes the average value of the multi-time frame RSI to generate a consolidated trading signal.
4. Divergence Detection: Enables traders to spot divergences between the RSI and MFI values, indicating potential trend reversals.
5. Overbought and Oversold Levels: Highlights overbought and oversold levels on the RSI, aiding in timing entry and exit points.
The Multi-Time Frame RSI with Money Flow Index and Average is a versatile tool that can be applied to various trading strategies, including trend following, swing trading, and mean reversion. Traders can adjust the time frame settings to suit their preferences and trading style.
Note: It's important to use this indicator in conjunction with other technical analysis tools and indicators to validate signals and make informed trading decisions.
RSI Divergences on price chart - Open Source CodeHello Traders,
I have some exciting news to share with you all! Recently, I came across an incredible RSI divergences indicator developed by Socrate_FR. This indicator, in my opinion has an exceptional accuracy in detecting RSI divergences. However, during my exploration of other indicators in the TradingView library that display signals on the price chart, I found that many of them were often unreliable and missed out on important divergences.One such example is the Prices / RSI Divergences Detector by vtllr. Although vtllr did an amazing job with the indicator, I noticed that it didn't capture several relevant divergences accurately.
This observation inspired me to enhance the most accurate RSI divergences indicator available by showcasing the signals directly on the price chart. By doing so, I aimed to address the issue of unreliable and missed divergences in other price chart indicators. With this enhanced version, you can now effortlessly identify and track RSI regular divergences on the price chart itself:
-Regular bullish divergence occurs when the price forms lower lows while the RSI indicator forms higher lows. It suggests a potential bullish reversal (green line plot)
-Regular bearish divergence occurs when the price forms higher highs while the RSI indicator forms lower highs. It suggests a potential bearish reversal (red line plot)
Another key mofication:
This Indicator introduces a simpler approach compared to the original Socrate indicator. While Socrate differentiated divergences into eight types for both bullish and bearish scenarios, our enhanced version focuses on two distinct categories: small and big divergences. This decision was made to provide a clearer and more user-friendly experience. By condensing the divergence types into two groups, traders can easily identify and analyze the significance of the divergences without getting overwhelmed by excessive variations. The small divergences represent relatively minor divergences, while the big divergences indicate stronger and more significant signals.
-Small divergences represent relatively minor divergences (plotshape small circle)
-Big divergences indicate stronger signals (plotshape big circle)
I firmly believe that this enhanced RSI Divergences Indicator will be an invaluable tool for traders who rely on RSI analysis in their trading strategies. It combines the accuracy of Socrate_FR's original indicator with the enhanced visibility of signals on the price chart, ensuring you never miss any important divergences.
If you're interested in trying out this enhanced version of the indicator, please feel free to access the open-source code. If you want to visit and try the original version of the code visit Socrate_FR profile.
www.tradingview.com
Keep attention!
It is important to note that no trading indicator or strategy is foolproof, and there is always a risk of losses in trading. While this indicator may provide useful information for making conclusions, it should not be used as the sole basis for making trading decisions. Traders should always use proper risk management techniques and consider multiple factors when making trading decisions.
Support us:)
If you find this new indicator helpful in your trading analysis, I would greatly appreciate your support! Please consider to follow, giving it a like, leaving feedback, or sharing it with your trading network. Your engagement will not only help me improve this tool but will also help other traders discover it and benefit from its features. Thank you for your support!
Sakura 2The oscillator uses an adaptive moving average as input to another RSI oscillator and is designed to provide a way to minimize the impact of corrections on the output of the oscillator without significant lag.
An additional trigger line is present in order to provide entry points from intersections between the oscillator and the trigger line.
I'll be working on the code to add and describe the privileges and the best settings
Settings
=Lengthy : period of the oscillator
=Power : controls the sensitivity of the oscillator to retracements, with higher values minimizing the sensitivity to retracements.
=Src : source input of the indicator
The indicator also includes the following graphical settings:
=Gradient : Determines the color mode to use for the gradient, options include "Red To Green", "Red To Blue" and "None", with "None" displaying no gradient.
=Color fill : Determines whether to fill the area between the oscillator and the trigger line or not, by default "On".
=Circles : Determines whether to show circles highlighting the crosses between the oscillator and the trigger line.
Divergence for Many [Dimkud - v5]Strategy is based on "Divergence for Many Indicators v4 ST" strategy by CannyTolany01
which is based on "Divergence for Many Indicator" indicator by LonesomeTheBlue
This strategy is searching for divergences on 18 indicators which you can select and optimise one by one.
Additionally you can connect any other External Indicator value. (just add this indicator the the chart and select option in settings)
To the original indicator/strategy I have added 9 additional indicators:
( Money Flow Index, Williams_Vix, Stochastic RSI , SMI Ergodic Oscillator, Volume Weighted MACD , Bull Bear Power, Balance of Power , Relative Volatility Index , Logistic Settings).
Converted strategy to v5 of Pine Script.
Added Static SL/TP in percents (%).
Added filters to filter enters:
1. Volume Weighted MACD - Multi-TimeFrame Filter
(It checks for histogram to falling or rising for a set periods of bars)
2. Money Flow Index - Multi-TimeFrame Filter
(It checks if MFI Oscillator is in the set diapason.
Also It checks if MFI is falling or rising for a set periods of bars )
3. ATR filter
(check changes in fast ATR to slow ATR )
Strategy shows good backtest results on many crypto tokens on 45m - 1h periods. (with parameters optimisation for every indicator)
To find best parameters - you can enable indicators one-by one, and optimise best parameters for each of them.
Then enable all indicators with successful results.
Optimise SL/TP.
Then try to enable and optimise filters (channels etc.)
The better is to optimise parameters separately for Short and Long trading. And run two separate bots (in settings enable only Long or only Short.)
Updates:
- Added visualisation for open trades (SL/TP)
- Added Volatility filter by ATR with many options for tests.
- Fixed some small bugs.
- Added second RSI filter (you can use two RSIs with different TF or settings)
- Updated ATR volatility and MFI filter. Removed non-effective options
- Added CCI filter
- Added option to Enable/Disable visualisation of TP/SL on chart
- Fixed one small quick bug. ("ATR filter short" was not working)
- Added Super Trend filter
- Added Momentum filter
- Added Volume Filter
- All "request.security" MultiTimeFrame calls changed to 100% non-repait function "f_security()"
RSIOMA with Volume Index ConfirmationThis indicator is called "RSIOMA with Volume Index Confirmation". It is a technical analysis tool that plots buy and sell signals on a chart based on the Relative Strength Index (RSI) and the Negative Volume Index (NVI) and Positive Volume Index (PVI) indicators.
The indicator has the following input parameters:
- RSI Length: determines the number of periods used to calculate the RSI. Default value is 14.
- Overbought Level: determines the RSI level at which a security is considered overbought. Default value is 70.
- Oversold Level: determines the RSI level at which a security is considered oversold. Default value is 30.
- NVI Length: determines the number of periods used to calculate the Negative Volume Index. Default value is 255.
- PVI Length: determines the number of periods used to calculate the Positive Volume Index. Default value is 255.
The indicator calculates the RSI using the RSI Length input parameter and the close price of the security. It also calculates the NVI and PVI by looping through the volume data and the close price data of the security over the specified periods.
The indicator then uses the RSI, NVI, and PVI to determine buy and sell signals. A bearish divergence signal is generated when the RSI from one period ago is greater than the Overbought Level, the current RSI is less than the Overbought Level, and the close price from one period ago is greater than the current close price. A bullish divergence signal is generated when the RSI from one period ago is less than the Oversold Level, the current RSI is greater than the Oversold Level, and the close price from one period ago is less than the current close price. A sell signal is generated when a bearish divergence signal occurs and the current NVI is less than the previous NVI value. A buy signal is generated when a bullish divergence signal occurs and the current PVI is greater than the previous PVI value.
The indicator plots the buy and sell signals on the chart as green and red triangles, respectively. The "overlay=true" parameter in the indicator function indicates that the signals are plotted on top of the security's price chart.
RSI TREND FILTERRSI TREND Filter on Chart
RSI scaled to fit on chart instead of oscillator, Trend Analysis is easy and Hidden Divergence is revealed using this indicator. This indicator is an aim to reduce confusing RSI Situations. The Oversold and Overbought lines help to determine the price conditions so its easy to avoid Traps.
Oversold and Overbought conditions are marked on Chart to make it useful to confirm a Buy or Sell Signals.
RSI 50 level is plotted with reference to EMA50 and Oversold and Overbought Conditions are calculated accordingly.
Uptrend: RSI Cloud / Candles above RSI 50 Level
Down Trend: RSI Cloud / Candles below RSI 50 Level
Sideways : Candles in the Gray Area above and below RSI 50 Level
Default RSI (14) : is the Candlestick pattern itself
Disclaimer: Use Solely at your own Risk.
RSI DivergenceWhat is "RSI Divergence"?
"RSI Divergence" is a indicator that find RSI divergence automatically.
What it does?
When it finds an RSI divergence, it draws a line on the indicator.
How it does it?
The lines are found using the least squares method. If the signs of the linear regression on the graph and the linear regression plotted on the RSI are different, this is considered divergence.
How to use it?
RSI lenght = RSI lenght
source = source of RSI
RSI Divergence Lenght = lenght of lines that draws on indicator
zoom = zoom
examples:
RSI Momentum Acceleration by TartigradiaPlots the momentum acceleration oscillators from price and RSI, rescaled and with areas above/below highlighted.
Usage: in a nutshell, when the background is yellow, it's bearish (RSI decelerates faster than price), whereas when the background is green, it's bullish (RSI accelerates faster than price). It appears to detect early some reversals that are otherwise difficult to detect.
Note: it supports using any other indicator's output as the second source input, instead of RSI. PineScript does not allow for more than one source to receive input from other indicators, all the others must only use price as an input.
This indicator uses the core routine to calculate Momentum Acceleration Oscillators by DGT:
This indicator is based on the idea of stinkbug : "RSI is a good momentum indicator showing how excited ppl are on a move, this is why divergences on it work so well. I would like to see the change accelerating or slowing on a move up or down.."
