QuantitativeExhaustion

[RS][JR]RSI Momentum V1

RSI Momentum
By Ricardo Santos and JR

This system is a clash of two indicators, Momentum and RSI . Strength of signals are viewed by both height and color. Dark Green or Light Red bars signal strong momentum . Light Red bar signals and Green bar signals reach an apex at the top of the indicator pane.
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study(title="[RS][JR]RSI Momentum V1", shorttitle="[RS][JR]RSIM.V1", overlay=false)
//  ||---   Inputs:
base_length = input(1)
scalar_length = input(1)
src = input(hlc3, type=source)

//  ||--------------------------------------------
//  ||---   Functions:
maF(src, base, scalar, multiplier) => ema(src, base_length + scalar_length * multiplier)
isSlope(ma) => ma > ma[1]
isSlopeMom(ma) => (ma[1] - ma[2]) < (ma - ma[1])
colorF(slope, mom) => slope and mom ? green : slope and (not mom) ? #66b266 : 
        not slope and mom ? maroon : (not slope) and (not mom) ? #b26666 : na
hasChangedColor(slope, mom) => slope and mom ? green : slope and (not mom) ? #66b266 : 
        not slope and mom ? maroon : (not slope) and (not mom) ? #b26666 : na
//  Usage : hasChangeColor(maF(src, base_length, scalar_length, 0)),isSlopeMom(maF(src, base_length, scalar_length, 0))
//  ||--------------------------------------------

plot(00, color=colorF(isSlope(maF(src, base_length, 0, 0)),isSlopeMom(maF(src, base_length, 0, 0))), style=columns, histbase=01, transp=0)
plot(01, color=colorF(isSlope(maF(src, base_length, scalar_length, 2)),isSlopeMom(maF(src, base_length, scalar_length, 2))), style=columns, histbase=02, transp=0)
plot(02, color=colorF(isSlope(maF(src, base_length, scalar_length, 4)),isSlopeMom(maF(src, base_length, scalar_length, 4))), style=columns, histbase=03, transp=0)
plot(03, color=colorF(isSlope(maF(src, base_length, scalar_length, 6)),isSlopeMom(maF(src, base_length, scalar_length, 6))), style=columns, histbase=04, transp=0)
plot(04, color=colorF(isSlope(maF(src, base_length, scalar_length, 8)),isSlopeMom(maF(src, base_length, scalar_length, 8))), style=columns, histbase=05, transp=0)
plot(05, color=colorF(isSlope(maF(src, base_length, scalar_length, 10)),isSlopeMom(maF(src, base_length, scalar_length, 10))), style=columns, histbase=06, transp=0)
plot(06, color=colorF(isSlope(maF(src, base_length, scalar_length, 12)),isSlopeMom(maF(src, base_length, scalar_length, 12))), style=columns, histbase=07, transp=0)
plot(07, color=colorF(isSlope(maF(src, base_length, scalar_length, 14)),isSlopeMom(maF(src, base_length, scalar_length, 14))), style=columns, histbase=08, transp=0)
plot(08, color=colorF(isSlope(maF(src, base_length, scalar_length, 16)),isSlopeMom(maF(src, base_length, scalar_length, 16))), style=columns, histbase=09, transp=0)
plot(09, color=colorF(isSlope(maF(src, base_length, scalar_length, 18)),isSlopeMom(maF(src, base_length, scalar_length, 18))), style=columns, histbase=10, transp=0)
plot(10, color=colorF(isSlope(maF(src, base_length, scalar_length, 20)),isSlopeMom(maF(src, base_length, scalar_length, 20))), style=columns, histbase=11, transp=0)
plot(11, color=colorF(isSlope(maF(src, base_length, scalar_length, 22)),isSlopeMom(maF(src, base_length, scalar_length, 22))), style=columns, histbase=12, transp=0)
plot(12, color=colorF(isSlope(maF(src, base_length, scalar_length, 24)),isSlopeMom(maF(src, base_length, scalar_length, 24))), style=columns, histbase=13, transp=0)
plot(13, color=colorF(isSlope(maF(src, base_length, scalar_length, 26)),isSlopeMom(maF(src, base_length, scalar_length, 26))), style=columns, histbase=14, transp=0)
plot(14, color=colorF(isSlope(maF(src, base_length, scalar_length, 28)),isSlopeMom(maF(src, base_length, scalar_length, 28))), style=columns, histbase=15, transp=0)
plot(15, color=colorF(isSlope(maF(src, base_length, scalar_length, 30)),isSlopeMom(maF(src, base_length, scalar_length, 30))), style=columns, histbase=16, transp=0)
plot(16, color=colorF(isSlope(maF(src, base_length, scalar_length, 32)),isSlopeMom(maF(src, base_length, scalar_length, 32))), style=columns, histbase=17, transp=0)
plot(17, color=colorF(isSlope(maF(src, base_length, scalar_length, 34)),isSlopeMom(maF(src, base_length, scalar_length, 34))), style=columns, histbase=18, transp=0)
plot(18, color=colorF(isSlope(maF(src, base_length, scalar_length, 36)),isSlopeMom(maF(src, base_length, scalar_length, 36))), style=columns, histbase=19, transp=0)
plot(19, color=colorF(isSlope(maF(src, base_length, scalar_length, 38)),isSlopeMom(maF(src, base_length, scalar_length, 38))), style=columns, histbase=20, transp=0)
jinx
2 years ago
Looks impressive.
+2 Reply
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