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WHALE
The Whale indicator is built around the Relative Strength Index (RSI), which is one of the most widely used momentum oscillators in technical analysis. RSI measures the magnitude of recent price changes to evaluate whether an asset is overbought or oversold.
Traditionally, RSI is calculated over a fixed period (commonly 14), but the Whale indicator introduces the concept of sensitivity across different periods. This means instead of looking at just a single timeframe, it blends or adapts multiple RSI lengths to capture both short-term volatility and long-term momentum.
A shorter-period RSI reacts quickly to price changes, making it more sensitive to short bursts of momentum or sudden reversals.
A longer-period RSI smooths out noise, giving a clearer picture of sustained trends.
By combining these different sensitivities, the Whale indicator aims to detect shifts in momentum earlier than a standard RSI, while still filtering out false signals. This makes it useful for spotting potential trend reversals, divergences, and overextended market conditions with more nuance than the default RSI.
In practice, traders might use the Whale indicator to:
Identify entry and exit zones when RSI values converge across multiple sensitivities.
Confirm the strength of a trend when both short-term and long-term momentum align.
Reduce false breakouts by comparing how price behaves relative to several RSI periods.
Traditionally, RSI is calculated over a fixed period (commonly 14), but the Whale indicator introduces the concept of sensitivity across different periods. This means instead of looking at just a single timeframe, it blends or adapts multiple RSI lengths to capture both short-term volatility and long-term momentum.
A shorter-period RSI reacts quickly to price changes, making it more sensitive to short bursts of momentum or sudden reversals.
A longer-period RSI smooths out noise, giving a clearer picture of sustained trends.
By combining these different sensitivities, the Whale indicator aims to detect shifts in momentum earlier than a standard RSI, while still filtering out false signals. This makes it useful for spotting potential trend reversals, divergences, and overextended market conditions with more nuance than the default RSI.
In practice, traders might use the Whale indicator to:
Identify entry and exit zones when RSI values converge across multiple sensitivities.
Confirm the strength of a trend when both short-term and long-term momentum align.
Reduce false breakouts by comparing how price behaves relative to several RSI periods.
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Скрипт с защищённым кодом
Этот скрипт опубликован с закрытым исходным кодом. Однако вы можете использовать его свободно и без каких-либо ограничений — читайте подробнее здесь.
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.