Based on the Stochastic RSI but uses RVI (Relative Volatility Index) as source. Another great tool for finding market lows and entry points. This oscillator is also good for finding accurate diversions.
Hello again. Here I have an improved version of the RSI that is similar to my "+ %B" indicator (that, an improved version of the %B). This version of the RSI includes candle coloring for bullish or bearish bias (is the RSI above or below its median line?), as well as candle coloring for overbought and oversold areas. Additionally, there is an option for coloring...
This indicator attempts to assert the strength of a swing in the RSI. Mind you, not the price, just the RSI. A spike in ROSI 1.b indicates that the RSI has switched direction and should continue trending up/down. The RSI, not the Price.
This is a fork of the previous PACD indicator i made by working out the RSI another two times. it works the exact same but is more leading in trend reversals and divergences. this indicator plots 4x the RSI of the RSI of the price using the derivatives of RSI. Data is plotted just like the MACD. points 5 and -5 are very strong support/resistance points and should...
Bjorgum Reversal Bj Reversal uses Tilson moving averages to identify trend changes Bars change to yellow as bar close crosses the Tilson moving averages. Blue or red is confirmed as the two Tilson averages themselves cross. Reversal is great for pinpointing trend change often giving the absolute best entry or exit Its sensitive nature can mean more false...
Mean Reversion indicator based on RSI Divergences at Overbought/Oversold conditions with Price above/below a Standard Deviation from Daily VWAP. Useful for intra-day trading. Signal criteria: 1. RSI is at Overbought/Oversold 2. RSI Divergence present (not hidden) 3. RSI has not reached Neutral level (i.e. 50) 4. Price has crossed above/below a Standard Deviation...
This is a better, cleaner version (in my opinion) of an part of an indicator I was using that was coded up by cI8DH. I reached out to him about cleaning up the code (things weren't working) for Pinescript v4, but he no longer seems to be active, so I thought I might take it upon myself to at least work out this portion of the indicator. Much credit goes to him....
This is a script that uses a couple of other indicators to find good swing trade entry's and exit's. You can choose which signals the script uses to calculate the position of the signals. It uses the following: - Stoch RSI - MACD - POC - INDIGO Cloud Also added are volume candles, acceleration of momentum indicators (triangle) and MACD candles. This way you can...
This is a Multi resolution or multi Time frame RSI. This indicator is made to see 3 different time frames RSI in a single Band. User can input all 3 timeframes on input section. The Highest time RSI is denoted in BLACK color. The Medium time RSI is denoted in BLUE color. The Smaller time RSI is denoted in GREEN color. The overbought and oversold region is 70 and...
This Script displays Regular or Log Returns as either a line or histogram and labels the current bar. If something other than price is selected as the source, the result is percent change with a positive or negative slope. If a moving average of price is used as the source, the result is analogous to a strength index Other options include a look-back period...
Publishing this script on special request. script siulates the strategy given by very polite and veteran trader from Patna ( NK Stock Talk ) . according to him, one can predict the market movement in any timeframe by applying some correlations of volume and price on top of strength. He recommends to apply weighted moving avergage ( to predict volume factor ) on...
Color bars based on Open/Close percentage difference and RSI level requirements.
This oscillator is based on RSI combined with linear regression. The calculation of RSI is based on the linear regression value, not on simple "src" as usual. Otherwise, everything remains as usual: overbought and oversold values (which are painted in green and red).
Fibodex Trap indicator this indicator designed by the Fibodex team you will receive dump and bump singles buy using this indicator also, you will receive buy and sell signals indeed by using our indicator you won't need many technical analyses The accuracy of the indicator with the correct settings is estimated to be more than 70% also, we are trying to improve...
Relative Strength Colored This script plots Relative strength Compared to TSLA Index. You can change it to your requirement .
this indicator plots the derivatives of the RSI to get more leading sense of direction of the price we know that the rsi shows us the momentum of the price, so the easiest/logical way to interpret this indicator and benefit from it is as follows: - see the price as 'distance' - see the rsi as 'speed' - see the rsi/momentum of the above/'speed' as 'velocity' - see...
This indicator presents standart RSI and MACD indicators in a single indicator. The appearances of these indicators have been modified a little bit and squeezed into one window. To overcome the scale problem the MACD values has expanded with 1000 and divided by the current price to use both indicators in the same scale. Original values could be determined from...
Repulsion Engine is a proof of concept for a series of indicators using repulsion, as re-contextualized from the following: www.quantamagazine.org In my view, the technique is unique, and therefore a new category of indicator, but that distinction will, obviously, be left to the community and to the moderators. One thing that can be said is repulsion appears to...