In this chart I used the 3H 2H and 1H HISTOR, short histogram RSI is based on 3 time frames of RSI and MF averages and SMAs. The script also plots a normilized volume. The script has 3 alert conditions. Overbought, oversold and "potential trade" when overbought or oversold.
This strategy is designed for daytrade charts. Its made from EMA 4 / EMA 8 to check for crosses RSI levels for overbough/oversold CCI levels For entry, we check first if the ema 4 crossed ema 8 Secondly we confirm by checking the level of RSI level Finally we confirm with CCI level If all of them are on the same page we enter. For exit we have a fixed...
Hey, I am glad to present you one of the strategies where I put a lot of time in it. This strategy can be adapted to all type of timecharts like scalping, daytrading or swing. The context is the next one : First we have the ATR to calculate our TP/SL points. At the same time we have another rule once we enter(we enter based on % risk from total equity, in this...
Adds the following: - Adds moving average for the following periods: 20, 40, 100, 200. These moving average are used to understand the context of the stock. 20 and 40 are for hourly use, and 100 and 200 are for daily use. - Adds red background color when RSI is over 70 and green background when RSI is less than 30. - Adds arrow to first bar chart to identify the gaps.
Triple RSI indicator where you can set the timeframe for each RSI. Take confirmation from different timeframes to make high probability trades! Typical settings would be, 1 Day, 1 Week, 1 Month or 1 hr, 4hr, 1 Day or 3 min, 15 min, 1 hr or.........your imagination is the only limit here!
This is an improvement of my RSI Volume indicator. I have made a session based RSI indicator which helps to aid the decision making upon session opens and gives a good indication of trend during. It also has various fixes for bugs found in the above indicator. It has multiple settings to configure: Use session: This toggles the RSI to be session based...
This script uses a DMI, Stochastic , and one RSI , when they are all overbought or oversold (also applying price action and looking for bounce points) we can obtain a greater probability that the price will go in the direction we expect This script is compact, which can be very useful for many traders Default...
If you want two different RSI, Use this. Simple.
This is strategy for backtesting TSSPRO script and has all settings from this indicator. Strategy has setup for 100$ initial capital and 100% entering to each position and 0.04% exchange comission plus take-profit and stop-loss and TSS script settings. I also have settings for 15min timeframe for BTC & ETH with annually profit ~200-300% (no leverage. i.e....
Thanks to @Nala66 on forex factory for the idea and @VuThaiDuong for spreading this to the community. This indicator consists of: - 1st RSI : default = 14 - 2nd RSI: this is the 1st RSI 's RSI, defvailue = 5 - Bonus : ATR(20) text note Combine with EMA 26 for a complete strategy www.forexfactory.com Happy trading!
It helps you to analysis the potential crude trend reversals of mcx crude oil and other commodities. For more information contact telegram username: @crudeindicator. Will explain the working of my personal analysis of crude and other commodities too.
This is a RSI indicator enhanced with: - Show Buy and Sell Alert - Fill on oversold and overbought levels - Show Regular and Hidden divergence - Show Divergence Labels - Generate Alerts: Buy/Sell and Divergence
I assume that most of you already know Relative Strength Index indicator. It gives us the following signals in general, when we see the following conditions occur. If RSI crosses; 1. 30 above, it means BUY signal. 2. 50 above, it means WAIT signal. 3. 70 above, it means WAIT and be careful for SELL signal. 4. 70 below, it means SELL signal. 5. 50 below, it means...
Hilega Milega is origanal Idea given by Nitish Kumar sir, I just coded it. It uses RSI on which WMA and EMA plotted. Values Used : RSI = 9 WMA = 21 EMA = 3
This is a strategy version of the "True Relative Movement" script: It is virtually identical to the original script, except now you can back test different conditions and parameters. TRM has 3 different conditions:Buy (Blue Bars), Hold/Take Profit (Gray Bars), and Sell (Pink Bars). This script is only coded for Long only condition. It will exit the position...
This chart will help you plot on following condition Source: 1. RSI Subtraction between two series 2. Historic Volatility (HV) The conditions are: 1. RSI sub should cross over 0 (any direction) 2. EV should be high for last 5 values 3. If RSI Sub is above 0 - the direction of trade is Long (flag Green), if its below 0 - the direction of trade is short (flag red)
Rules for using this indicator 1. Time Frame - 5 Min (Recommended) or 15 Min 2. Long Entry - when High of signal candle breaks by any Green candle' close. 3. Short Entry - when Low of signal candle breaks by any Red candle' close. 4. Price might reverse after you take entry till Red line or Green Line and as this indicator is based on Higher High and Lower...