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RSI Divergence Strategy - AliferCryptoStrategy Overview The RSI Divergence Strategy is designed to identify potential reversals by detecting regular bullish and bearish divergences between price action and the Relative Strength Index (RSI). It automatically enters positions when a divergence is confirmed and manages risk with configurable stop-loss and take-profit levels. Key Features Automatic Divergence Detection: Scans for RSI pivot lows/highs vs. price pivots using user-defined lookback windows and bar ranges. Dual SL/TP Methods: - Swing-based: Stops placed a configurable percentage beyond the most recent swing high/low. - ATR-based: Stops placed at a multiple of Average True Range, with a separate risk/reward multiplier. Long and Short Entries: Buys on bullish divergences; sells short on bearish divergences. Fully Customizable: Input groups for RSI, divergence, swing, ATR, and general SL/TP settings. Visual Plotting: Marks divergences on chart and plots stop-loss (red) and take-profit (green) lines for active trades. Alerts: Built-in alert conditions for both bullish and bearish RSI divergences. Detailed Logic RSI Calculation: Computes RSI of chosen source over a specified period. Pivot Detection: - Identifies RSI pivot lows/highs by scanning a lookback window to the left and right. - Uses ta.barssince to ensure pivots are separated by a minimum/maximum number of bars. Divergence Confirmation: - Bullish: Price makes a lower low while RSI makes a higher low. - Bearish: Price makes a higher high while RSI makes a lower high. Entry: - Opens a Long position when bullish divergence is true. - Opens a Short position when bearish divergence is true. Stop-Loss & Take-Profit: - Swing Method: Computes the recent swing high/low then adjusts by a percentage margin. - ATR Method: Uses the current ATR × multiplier applied to the entry price. - Take-Profit: Calculated as entry price ± (risk × R/R ratio). Exit Orders: Uses strategy.exit to place bracket orders (stop + limit) for both long and short positions. Inputs and Configuration RSI Settings: Length & price source for the RSI. Divergence Settings: Pivot lookback parameters and valid bar ranges. SL/TP Settings: Choice between Swing or ATR method. Swing Settings: Swing lookback length, margin (%), and risk/reward ratio. ATR Settings: ATR length, stop multiplier, and risk/reward ratio. Usage Notes Adjust the Pivot Lookback and Range values to suit the volatility and timeframe of your market. Use higher ATR multipliers for wider stops in choppy conditions, or tighten swing margins in trending markets. Backtest different R/R ratios to find the balance between win rate and reward. Disclaimer This script is for educational purposes only and does not constitute financial advice. Trading carries significant risk and you may lose more than your initial investment. Always conduct your own research and consider consulting a professional before making any trading decisions.
Pine Script® strategy
by AliferCrypto
RSI Candlestick Oscillator [LuxAlgo]The RSI Candlestick Oscillator displays a traditional Relative Strength Index (RSI) as candlesticks. This indicator references OHLC data to locate each candlestick point relative to the current RSI Value, leading to a more accurate representation of the Open, High, Low, and Close price of each candlestick in the context of RSI. In addition to the candlestick display, Divergences are detected from the RSI candlestick highs and lows and can be displayed over price on the chart. 🔶 USAGE Translating candlesticks into the RSI oscillator is not a new concept and has been attempted many times before. This indicator stands out because of the specific method used to determine the candlestick OHLC values. When compared to other RSI Candlestick indicators, you will find that this indicator clearly and definitively correlates better to the on-chart price action. Traditionally, the RSI indicator is simply one running value based on (typically) the close price of the chart. By introducing high, low, and open values into the oscillator, we can better gauge the specific price action throughout the intrabar movements. Interactions with the RSI levels can now take multiple forms, whether it be a full-bodied breakthrough or simply a wick test. Both can provide a new analysis of price action alongside RSI. An example of wick interactions and full-bodied interactions can be seen below. As a result of the candlestick display, divergences become simpler to spot. Since the candlesticks on the RSI closely resemble the candlesticks on the chart, when looking for divergence between the chart and RSI, it is more obvious when the RSI and price are diverging. The divergences in this indicator not only show on the RSI oscillator, but also overlay on the price chart for clearer understanding. 🔹 Filtering Divergence With the candlesticks generating high and low RSI values, we can better sense divergences from price, since these points are generally going to be more dramatic than the (close) RSI value. This indicator displays each type of divergence: Bullish Divergence Bearish Divergence Hidden Bullish Divergence Hidden Bearish Divergence From these, we get many less-than-useful indications, since every single divergence from price is not necessarily of great importance. The Divergence Filter disregards any divergence detected that does not extend outside the RSI upper or lower values. This does not replace good judgment, but this filter can be helpful in focusing attention towards the extremes of RSI for potential reversal spotting from divergence. 🔶 DETAILS In order to get the desired results for a display that resembles price action while following RSI, we must scale. The scaling is the most important part of this indicator. To summarize the process: Identify a range on Price and RSI Consider them as equal to create a scaling factor Use the scaling factor to locate RSI's "Price equivalent" Upper, Lower, & Mid on the Chart Use those prices (specifically the RSI Mid) to check how far each OHLC value lies from it Use those differences to translate the price back to the RSI Oscillator, pinning the OHLC values at their relative location to our anchor (RSI Mid) 🔹 RSI Channel To better understand, and for your convenience, the indicator includes the option to display the RSI Channel on the chart. This channel helps to visualize where the scaled RSI values are relative to price. If you analyze the RSI channel, you are likely to notice that the price movement throughout the channel matches the same movement witnessed in the RSI Oscillator below. This makes sense since they are the exact same thing displayed on different scales. 🔹 Scaling the Open While the scaling method used is important, and provides a very close view of the real price bar's relative locations on the RSI oscillator… It is designed for a single purpose. The scaling does NOT make the price candles display perfectly on the RSI oscillator. The largest place where this is noticeable is with the opening of each candle. For this reason, we have included a setting that modifies the opening of each RSI candle to be more accurate to the chart's price candles. This setting positions the current bar's opening RSI candlestick value accurately relative to the price's open location to the previous closing price. As seen below. 🔶 SETTINGS 🔹 RSI Candles RSI Length: Sets the Length for the RSI Oscillator. Overbought/Oversold Levels: Sets the Overbought and Oversold levels for the RSI Oscillator. Scale Open for Chart Accuracy: As described above, scales the open of each candlestick bar to more accurately portray the chart candlesticks. 🔹 Divergence Show on Chart: Choose to display divergence line on the chart as well as on the Oscillator. Divergence Length: Sets the pivot width for divergence detection. Normal Fractal Pivot Detection is used. Divergence Style: Change color and line style for Regular and Hidden divergences, as well as toggle their display. Divergence Filter: As described above, toggle on or off divergence filtering. 🔹 RSI Channel Toggle: Display RSI Channel on Chart. Color: Change RSI Channel Color
Pine Script® indicator
by LuxAlgo
15
ICT Swiftedge# ICT SwiftEdge: Advanced Market Structure Trading System **Overview** ICT SwiftEdge is a powerful trading system built upon the foundation of ICTProTools' ICT Breakers, licensed under the Mozilla Public License 2.0 (mozilla.org). This script has been significantly enhanced by to combine market structure analysis with modern technical indicators and a sleek, AI-inspired statistics dashboard. The goal is to provide traders with a comprehensive tool for identifying high-probability trade setups, managing exits, and tracking performance in a visually intuitive way. **Credits** This script is a derivative work based on the original "ICT Breakers" by ICTProTools, used with permission under the Mozilla Public License 2.0. Significant enhancements, including RSI-MA signals, trend filtering, dynamic timeframe adjustments, dual exit strategies, and an AI-style statistics dashboard, were developed by . We express our gratitude to ICTProTools for their foundational work in market structure analysis. **What It Does** ICT SwiftEdge integrates multiple trading concepts to help traders identify and manage trades based on market structure and momentum: - **Market Structure Analysis**: Identifies Break of Structure (BOS) and Market Structure Shift (MSS) patterns, which signal potential trend continuations or reversals. BOS indicates a continuation of the current trend, while MSS highlights a shift in market direction, providing key entry points. - **RSI-MA Signals**: Generates "BUY" and "SELL" signals when BOS or MSS patterns align with the Relative Strength Index (RSI) smoothed by a Moving Average (RSI-MA). Signals are filtered to occur only when RSI-MA is above 50 (for buys) or below 50 (for sells), ensuring momentum supports the trade direction. - **Trend Filtering**: Prevents multiple signals in the same trend, ensuring only one buy or sell signal per trend direction, reducing noise and improving trade clarity. - **Dynamic Timeframe Adjustment**: Automatically adjusts pivot points, RSI, and MA parameters based on the selected chart timeframe (1M to 1D), optimizing performance across different market conditions. - **Flexible Exit Strategies**: Offers two user-selectable exit methods: - **Trailing Stop-Loss (TSL)**: Exits trades when price moves against the position by a user-defined distance (in points), locking in profits or limiting losses. - **RSI-MA Exit**: Exits trades when RSI-MA crosses the 50 level, signaling a potential loss of momentum. - Users can enable either or both strategies, providing flexibility to adapt to different trading styles. - **AI-Style Statistics Dashboard**: Displays real-time trade performance metrics in a futuristic, neon-colored interface, including total trades, wins, losses, win/loss ratio, and win percentage. This helps traders evaluate the system's effectiveness without external tools. **Why This Combination?** The integration of these components creates a synergistic trading system: - **BOS/MSS and RSI-MA**: Combining market structure breaks with RSI-MA ensures entries are based on both price action (structure) and momentum (RSI-MA), increasing the likelihood of high-probability trades. - **Trend Filtering**: By limiting signals to one per trend, the system avoids overtrading and focuses on significant market moves. - **Dynamic Adjustments**: Timeframe-specific parameters make the system versatile, suitable for scalping (1M, 5M) or swing trading (4H, 1D). - **Dual Exit Strategies**: TSL protects profits during trending markets, while RSI-MA exits are ideal for range-bound or reversing markets, catering to diverse market conditions. - **Statistics Dashboard**: Provides immediate feedback on trade performance, enabling data-driven decision-making without manual tracking. This combination balances technical precision with user-friendly visuals, making it accessible to both novice and experienced traders. **How to Use** 1. **Add to Chart**: Apply the script to any TradingView chart. 2. **Configure Settings**: - **Chart Timeframe**: Select your chart's timeframe (1M to 1D) to optimize parameters. - **Structure Timeframe**: Choose a timeframe for market structure analysis (leave blank for chart timeframe). - **Exit Strategy**: Enable Trailing Stop-Loss (`useTslExit`), RSI-MA Exit (`useRsiMaExit`), or both. Adjust `tslPoints` for TSL distance. - **Show Signals/Labels**: Toggle `showSignals` and `showExit` to display "BUY", "SELL", and "EXIT" labels. - **Dashboard**: Enable `showDashboard` to view trade statistics. Customize colors with `dashboardBgColor` and `dashboardTextColor`. 3. **Trading**: - Look for "BUY" or "SELL" labels to enter trades when BOS/MSS aligns with RSI-MA. - Exit trades at "EXIT" labels based on your chosen strategy. - Monitor the statistics dashboard to track performance (total trades, win/loss ratio, win percentage). 4. **Alerts**: Set up alerts for BOS, MSS, buy, sell, or exit signals using the provided alert conditions. **License** This script is licensed under the Mozilla Public License 2.0 (mozilla.org). The source code is available for review and modification under the terms of this license. **Compliance with TradingView House Rules** This publication adheres to TradingView's House Rules and Scripts Publication Rules. It provides a clear, self-contained description of the script's functionality, credits the original author (ICTProTools), and explains the rationale for combining indicators. The script contains no promotional content, offensive language, or proprietary restrictions beyond MPL 2.0. **Note** Trading involves risk, and past performance is not indicative of future results. Always backtest and validate the system on your preferred markets and timeframes before live trading. Enjoy trading with ICT SwiftEdge, and let data-driven insights guide your decisions!
Pine Script® indicator
by SwiftEdge
RSI MTF CorrelationRSI MTF Correlation This indicator detects unusual movement between RSI values on the current timeframe and a higher timeframe (multi-timeframe), generating volatility alerts or identifying potential market phase shifts. Applying for FX:XAUUSD and BINANCE:BTCUSD.P How To Read Data How To Use When RSI volatility across multiple timeframes behaves abnormally, bar colors shift from gray to orange, blue, or purple, indicating increasing levels of volatility. Once volatility returns to a normal state (gray), it may signal a potential reversal trade opportunity. Alert is available in the indicator. How to Trade Set alerts using the built-in functions of this indicator, or monitor the chart manually. When abnormal RSI volatility occurs, bar colors will shift from gray to orange, blue, or purple, reflecting increasing levels of volatility. Wait until a green or red bar appears to trigger a trade: Green bar: signals a potential buy setup Red bar: signals a potential sell setup Stop-Loss (SL): place below the nearest swing low (for buy) or above the nearest swing high (for sell), typically 20–30 pips. Take-Profit (TP): follow a Risk-to-Reward ratio of 1:1, 1:2, or ideally 1:5 or higher depending on market structure. Breakeven adjustment is optional and can be applied according to your trading style and market conditions. Notice: Follow the higher timeframe trend for more reliable signals. Strictly adhere to risk and money management principles. If you experience 2–3 consecutive stop-losses, this may indicate a trend shift or an unclear market condition. In such cases, wait for a new trend to form before re-entering. How It Works Under normal market conditions, RSI movements across different timeframes show a relatively correlated pattern. When this correlation breaks (abnormal RSI volatility), it often signals a possible trend shift in the lower timeframe. To preserve the dominant trend, the higher timeframe typically pulls the lower one back in line, resulting in sharp V-shaped price movements (flash dumps/pumps). This behavior helps us identify and isolate abnormal corrections, enabling high-probability trade setups. However, in some cases, a genuine trend reversal in the lower timeframe can be strong enough to impact the higher timeframe. This may lead to invalidation of trade setups (i.e., stop-loss hits). We acknowledge this risk and manage it through R:R (risk-to-reward) ratio strategies and robust capital management. Happy trading ❤️.
Pine Script® indicator
by dangtunglam14
2
Oath KeeperOath Keeper - Advanced Money Flow & Market Dynamics Indicator A sophisticated indicator that analyzes market dynamics through money flow patterns, volume analysis, and liquidation detection to identify high-probability trading opportunities. Core Features: • Smart Money Flow Analysis: Proprietary calculation of institutional money movement • Volume-Enhanced Signals: Multi-timeframe volume confirmation • Liquidation Detection: Identifies potential forced liquidation events • Advanced Signal Classification: Regular, Super, and Fakeout signals Signal Types: 1. Regular Signals (Green/Purple Circles) • Volume-confirmed momentum shifts • Money flow threshold breaches • Institutional participation confirmation 2. Super Signals (Green/Purple Squares) • Deep oversold/overbought reversals • High-volume rejection patterns • Liquidation event confirmation 3. Fakeout Signals (Red X) • Rapid sentiment shifts • Trap detection • False breakout warnings Visual Components: • Dynamic Money Flow Line (White/Purple) • Order Flow Clouds (Green/Red with high transparency) • Reference Levels (20, 50, 80) • Multi-type Signal Markers • Color-coded momentum visualization Interpretation Guide: • Green Cloud: Bullish money flow dominance • Red Cloud: Bearish money flow dominance • Circle Markers: Standard reversals • Square Markers: High-conviction moves • X Markers: Potential trap zones Best Practices: • Most effective on 1H+ timeframes • Use with major trading pairs • Wait for candle close confirmation • Combine with support/resistance levels • Monitor volume confirmation • Use multiple timeframe analysis This indicator helps traders identify institutional money flow, potential liquidation events, and market reversals by analyzing volume patterns and money flow dynamics, providing multiple confirmation layers for trade decisions. Note: Performance varies with market conditions and timeframes. Always employ proper risk management.
Pine Script® indicator
by RickyTSpanish
Paul_BDT Osc. RSI with Divergence, Order Blocks & Channel//===================================================================== // Combination of: // 1. Classic RSI with overbought/oversold thresholds // 2. Adaptive bands on RSI (dynamically calculated with EMA of gains/losses) // 3. Moving averages on RSI (optional, including SMA + Bollinger Bands) // 4. Detection of RSI/price divergences (classic: bullish and bearish) // 5. Detection of ranges (consolidation zones) with Order Blocks and extensions // 6. Candle coloring based on dynamic RSI thresholds (breakout/breakdown) // // All with multi-timeframe options (displaying adaptive bands from a higher timeframe). //===================================================================== //=======================// // 1. INPUTS (Parameters) //=======================// // RSI parameters: source, length, OB/OS thresholds, higher timeframe, divergence activation, adaptive bands display // Smoothing parameters: choice of MA type applied to RSI (SMA, EMA, etc.) + optional Bollinger Bands // Order Block parameters: display of ranges, order blocks, zone and candle colors //=======================// // 2. CALCULATIONS //=======================// // Base RSI calculated on the selected source (default: close) // Smoothing: applies a chosen moving average to the RSI // If 'SMA + Bollinger Bands' is selected, also calculates standard deviation to plot the bands // Adaptive RSI bands: calculated via EMA method of gains/losses over a specific period (close to Wilder's RSI) // Two adaptive thresholds are defined: upper (overbought) and lower (oversold), which adjust according to the market // Multi-timeframes: // Retrieves adaptive bands calculated on a higher timeframe (e.g., daily if TF = 'D') // Allows overlaying adaptive RSI thresholds from different timeframes // Dynamic definition of RSI thresholds for candle coloring: // - Bullish/bearish center: 55/45 // - Adjusts the thresholds based on the price position relative to SMA 200 (if > SMA200, bullish center is used) //=======================// // 3. PLOTS (Displays) //=======================// // Display of the classic RSI with its OB/OS thresholds + gradient fill to better visualize the zones // Display of moving averages on RSI and optional Bollinger Bands (if enabled) // Display of adaptive RSI bands: // - Those from the higher timeframe (always displayed) // - Those from the current timeframe (optional display) // Candle coloring (barcolor): // - Green if RSI exceeds the dynamic upper threshold (breakout) // - Red if RSI drops below the dynamic lower threshold (breakdown) // - Specific color for candles within the neutral zone (range candle color) //=======================// // 4. DIVERGENCES //=======================// // Detection of regular RSI/price divergences: // - Bullish divergence: price forms a new lower low, RSI forms a higher low // - Bearish divergence: price forms a new higher high, RSI forms a lower high // Display on the RSI panel: // - Curves and labels (Bull/Bear) at divergence points //=======================// // 5. RANGE DETECTION & ORDER BLOCKS //=======================// // Automatic detection of ranges (consolidation zones): // - Based on dynamic RSI thresholds (if RSI oscillates within a defined band) // - Identifies the range's highs/lows (with configurable future extensions) // Two types of zones plotted with 'boxes': // 1. **Range close box**: frames the main consolidation zone (candle bodies) // 2. **Order block box**: tighter zone around the extremes (highs/lows of closes) // A midline is drawn at the center of the order block (dashed) // If price breaks the range boundaries, the zone is removed (range ended)
Pine Script® indicator
by Paul_BDT
Scalp Strategy by Trade Journey📘 Trading Strategy: "Delta Flow Scalper" Author: @Trad_journey Type: Scalping / Intraday Timeframes: - Context: 1H - Entry Points: 15m --- 🎯 Core Idea We use a powerful tool — the Delta-RSI Oscillator (D-RSI), which calculates the derivative of RSI using polynomial regression. This oscillator doesn't just show the strength of price movement but reveals how that strength changes over time. By combining this with order flow analysis on the 1H timeframe, we can spot reversals and momentum bursts within a prevailing trend, where the D-RSI is most accurate. --- 🔍 Strategy Logic 1. Context (1H) Before entering a trade on the 15m chart, we determine: - The trend on 1H using candle structure, levels, EMAs, volume, VSA, and other methods. - Example: If 1H shows a series of higher highs/lows and rising volume — it indicates an uptrend. 2. Entry Signals (15m) Entry is based on the D-RSI, configured with manually optimized settings: - RSI Length: 14 - Polynomial Order: 2 - Window Length: 14 - Signal EMA: 7 - RMSE Filtering: Enabled, e.g., with a 10% threshold Entry Conditions (any of the following): - Zero-Crossing: Oscillator crosses above zero (long) or below zero (short) - Signal Line Cross: D-RSI crosses the signal EMA - Direction Change: Oscillator was below zero and starts rising (long), or vice versa 3. Trade Filter To improve accuracy: - Polynomial Approximation Error Filter (RMSE) is used — this eliminates noisy signals. - Ideally, confirm entries with a candlestick pattern or key level as well. --- 📈 Example of Entry Logic 1. On 1H: Clear uptrend, candles with long lower wicks, volume increasing 2. On 15m: D-RSI was below zero, sharply started rising and crossed the signal line from below 3. RMSE < 10% → signal confirmed 4. Enter long, place stop below local low + spread 5. Exit: - On opposite D-RSI signal - Or at a take profit (e.g., 1.5R or a key level) --- ⚙️ Settings () --- 📊 Why It Works - D-RSI captures momentum shifts and trend acceleration — these often occur before price changes. - RMSE filtering removes false signals during chop or weak movement. - Using a higher timeframe gives directional context — entries are made in the trend's direction, drastically increasing win probability. --- 🔔 Recommendations - Don’t use without higher timeframe context — countertrend signals can be unprofitable. - Best entries are after small pullbacks within a trend. - You can add an ATR/volatility filter — to avoid signals in tight ranges. --- ✅ Conclusion Delta Flow Scalper is a plug-and-play strategy for traders looking for precise intraday entries within larger moves. It's great for those wanting to reduce noise and trade smartly with momentum. Try it on demo, tweak it to fit your style — and go for it!
Pine Script® indicator
by Trad_journey
MTF Stoch RSI Confluence + Combined AlertMTF STOCH RSI CONFLUENCE INDICATOR 1m/5m/15m ( Scalping Indicator added on SRSI 1H) IF all three Stoch are overbought(above 80) the indicator creates a red vertical line. If all Stoch are oversold(below 20) the indicator creates a green vertical line. RULES!!!! NEVER TRADE AGAINST THE TREND!!! This is super important!!!! If 1H SRSI is above 80 with MTF overbouht and ZC is red (Downtrend) then we open a MR Short- (Prefered at PA Spikes) The same for opposites MR Longs. If 1H SRSI is above 80 with the MTF oversold and ZC green then we can open a Long position. Prefered Momo Long. The same applies for opposite, hence momo short.
Pine Script® indicator
by John_Kal
BULB 20Fractal Wave Marker Indicator The Fractal Wave Marker is a technical analysis tool designed to visually highlight significant turning points in price action, offering clear signals of potential market reversals. By detecting fractal-like patterns, the indicator identifies high and low points within a specified period, helping traders pinpoint key market swings. Key Features: Fixed Period: The period is set to .., ensuring consistency in detecting turning points based on historical price data. Swing Detection: The indicator detects both base (lower-degree) and fractal (higher-degree) swings, helping to visualize both short-term and long-term trend changes. Color-coded Markers: High points are marked with a custom color to indicate bullish conditions, while low points are marked in another color for bearish conditions. Wave Processing: The indicator processes swing highs and lows, dynamically updating to reflect the most relevant turning points on the chart. Overlay on Chart: Markers are overlaid directly on the chart for quick, intuitive insights into price action, helping traders make better entry and exit decisions. How It Works: The indicator calculates the highest highs and lowest lows over a -bar period (fixed period). When a new swing point is detected, the indicator marks it with a circle, color-coded based on whether it’s a high or low point. The base swing and fractal wave directions are updated with each new turning point, allowing traders to follow price action and identify market trends.
Pine Script® indicator
by shubhampk1000
Sentiment Bias Gauge📌 Overview The Sentiment Bias Gauge (SBG) is a unique overlay-style indicator that visually maps a sentiment value—such as market bullishness or bearishness—onto your price chart. It converts sentiment data (in this case, RSI-based) into a floating line that moves between defined price zones, allowing users to quickly understand the current market mood in the context of price. ⚙️ How It Works • The indicator uses RSI (Relative Strength Index) as a proxy for market sentiment (0 to 100 scale). • This sentiment value is then mapped to a vertical price range on your chart using a configurable zone (via top and bottom percent of chart range). • The line floats up or down within the price chart, reflecting how bullish or bearish the sentiment is. • It includes background shading to represent the sentiment level: • 🔴 Red (Bearish): sentiment < 30 • 🟡 Yellow (Neutral): 30 ≤ sentiment ≤ 70 • 🟢 Green (Bullish): sentiment > 70 • A floating label shows the current sentiment score. 🌟 Key Features • 📈 Overlay-Based Sentiment Line: Plots sentiment as a price-level line, giving intuitive spatial reference. • 🔧 Configurable Range Placement: Adjust where the sentiment line appears within the chart’s high-low range. • 🖌️ Color-Coded Background: Visually distinguish bullish, bearish, and neutral conditions. • 🏷️ Real-Time Sentiment Label: Displays updated sentiment score on the most recent bar. 🧠 How to Use • Use this indicator alongside your price action or technical strategy to gauge market mood. • Combine with other sentiment indicators (e.g., fear/greed, delta volume, news sentiment). • Especially helpful in sideways markets to identify potential shifts in bias before price reacts. Why This Combination? • RSI offers a reliable and intuitive proxy for market sentiment. • Mapping the value directly onto the chart helps avoid constantly looking at a separate panel. • The customizable chart range lets traders fit sentiment visuals within any market structure. 🎯 Why It’s Worth Using • Makes sentiment visually accessible directly on the chart. • Helps detect bullish/bearish bias shifts earlier than traditional indicators. • A great tool for sentiment-aware discretionary trading or contextual overlays in algo strategies.
Pine Script® indicator
by TradeTechanalysis
Dynamic RSI Regression Bands (Zeiierman)█ Overview The Dynamic RSI Regression Bands (Zeiierman) is a regression channel tool that dynamically resets based on RSI overbought and oversold conditions. It adapts to trend shifts in real time, creating a highly responsive regression framework that visualizes market sentiment and directional momentum with every RSI-triggered event. Unlike static regression models, this indicator recalibrates its slope and deviation bands only after the RSI crosses predefined thresholds, helping traders pinpoint new phases of momentum, exhaustion, or reversal. You’re not just measuring the trend — you’re tracking when and where the trend deserves to be re-evaluated. █ The Assumption: "A major momentum shift (RSI crossing OB/OS) signals a potential regime change, and thus, the trend model should be recalibrated from that point." Instead of using a fixed-length regression (which assumes trend relevance over a static window), this script resets the regression calculation every time RSI crosses into extreme territory. The underlying idea is that extreme RSI levels often represent emotional peaks in market behavior and are statistically likely to be followed by a new price structure. █ How It Works ⚪ RSI-Based Channel Reset RSI is monitored continuously If RSI crosses above the Overbought level, the indicator resets and starts a new regression channel If RSI crosses below the Oversold level, the same reset logic applies These events act as “anchor points” for dynamic trend analysis ⚪ Regression Channel Logic A custom linear regression is calculated from the RSI reset point forward The lookback grows with each bar after the reset, up to a user-defined max Regression lines are drawn from the reset point to the current bar ⚪ Standard Deviation Bands Upper and lower bands are plotted around the regression line using the standard deviation These serve as dynamic volatility envelopes, great for spotting breakouts or reversals ⚪ Rejection Markers If price hits the upper/lower band and then closes back inside it, a rejection marker is plotted Helps visualize failed breakouts and areas of absorption or reversal pressure █ How to Use ⚪ Detect Trend Shifts Use the RSI resets to identify when the trend might be starting fresh. ⚪ Watch the Bands for Volatility Extremes Use the outer bands as soft areas of potential reversal or momentum breakout. ⚪ Spot Rejections for Potential Entry Signals If price moves outside a band but then quickly returns inside, it often means the breakout failed, and price may reverse. █ Settings Explained RSI Length – How many bars RSI uses. Shorter = faster. OB / OS Levels – Crossing these triggers a regression reset. Base Regression Length – Max number of bars regression can use post-reset. StdDev Multiplier – Controls band width from the regression line. Min Bars After Reset – Ensures channel doesn’t form immediately; waits for structure. Show Reset Markers – Triangles mark where RSI crossed OB/OS. Show Rejection Markers – Circles mark where the price rejected the channel edge. ----------------- Disclaimer The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Pine Script® indicator
by Zeiierman
14
EMA Oscillating Trend📈 EMA Oscillating Trend by AI-123 The EMA Oscillating Trend indicator is a dynamic trend visualizer that enhances traditional EMA behavior by offsetting the line based on trend direction, providing a more intuitive and visually distinct representation of market momentum. 🔍 Key Features: 🔵 Bullish Color Customization – Define your preferred color for bullish trends 🔴 Bearish Color Customization – Set a different tone for bearish phases 🪄 Adjustable Line Thickness – Tailor the EMA's appearance to your chart style 📐 Offset Multiplier Input – Automatically pushes the EMA above price in a downtrend and below price in an uptrend for enhanced clarity ⚙️ User-Friendly Inputs – No coding knowledge required; full customization in the settings panel 🧠 How It Works: Calculates a primary EMA line (OV) and a sub-component to compare against (OV2) Determines the trend based on whether OV is above or below OV2 Shifts the EMA line above price during bearish trends and below price during bullish trends The offset is percentage-based and scales dynamically with the price for optimal readability ✅ Ideal For: Trend-followers seeking visual clarity Discretionary traders who want less clutter and more signal Anyone who likes their EMAs with a little more flair and insight 🛠️ Author: @alphainvestor123 This tool was crafted with simplicity and clarity in mind. If you enjoy the indicator, consider dropping feedback or sharing your use case!
Pine Script® indicator
by alphainvestor123
ADX + DI + EMA Dashboard (BKNY)This Indicator creates a dynamic dashboard that combines ADX (Average Directional Index), Directional Movement Index (DI), and Exponential Moving Averages (EMA) to provide a comprehensive view of market trends. The indicator helps traders assess the strength and direction of trends based on key technical indicators. Features: ADX: Measures the strength of the trend, allowing traders to identify whether a trend is strong or weak. +DI and -DI: Show the bullish and bearish directional movements, helping to identify market direction. EMA Crossover: Compares the fast and slow EMAs to determine the trend’s direction. Customizable Features: Adjust the calculation length for ADX, DI, and EMAs. Set ADX and DI thresholds to define trend strength and direction. EMA lengths are fully customizable for both fast and slow EMAs. Display options allow users to show or hide ADX, DI, and EMA values on the dashboard. Customize the colors to represent bullish, bearish, or neutral trend conditions for ADX, DI, and EMA. Timeframe selection allows users to choose the preferred timeframe for trend analysis. The dashboard layout and display are fully customizable, letting users tailor the information shown according to their trading preferences. This script provides an at-a-glance view of key trend indicators, with flexibility to tailor both the data shown and the visual presentation to individual trading needs.
Pine Script® indicator
by BKNY954RR
2
MG Universal model🚀 Summary🚀 The MG univerasal model is a composite of various items such as RSI, price Z-Score, Sharpe Ratio, Sortino Ratio, Omega Ratio, etc Each component is normalized and then equally wheighted out to perform a global metric. At the end, an Exponential Moving Average is added on the global metric. You can easily find a description of each component on the internet, for the Crosby Ratio, it's a metric that comes from bitcoinmagazinepro.com. ✨ Key Features ✨ 🗡 Smoothed Global Metric Using a Moving average to smooth out the whole aggregated metric. 🗡 Bands Zone at extreme levels Automatically displaying bands at top and bottom levels of the oscillator. 🗡 Normalizing components Each component is normalized. 🗡 DataTable Optional DataTable is available to check the score for each components and their related Z-Score. 📊 How I use it 📊 When catching up with 0 line (midline), crossing it : if it goes above 0.2: get out when it crosses 0.2 again else: get out when it crosses 0 again That's the way I use it, may be there is a better way, FAFO :) ❓ Seeing a bug or an issue ❓ Feel free to DM me if you see a component that seems badly calculated. I will be happy to fix it. ❗❗ Disclaimer ❗❗ This is a single indicator, even though it's aggregating many, do not use it as a standalone. Past performance is not indicative of future results. Always backtest, check, and align parameters before live trading.
Pine Script® indicator
by florentm007
SwiftEdge NW EnvelopeSwiftEdge NW Envelope Overview The SwiftEdge NW Envelope is a visually striking technical indicator designed for traders seeking to identify high-probability buy and sell opportunities in volatile markets. By combining the Relative Strength Index (RSI), Average True Range (ATR), and Nadaraya-Watson Envelope, this indicator provides a unique blend of momentum, volatility, and non-linear trend analysis. Its futuristic, AI-inspired aesthetic—featuring neon gradients and dynamic colors—enhances chart readability while delivering actionable trading signals. What It Does The SwiftEdge NW Envelope generates buy and sell signals based on price interactions with dynamically calculated support and resistance bands, confirmed by RSI conditions. The indicator: Plots a Nadaraya-Watson Envelope to identify smooth, non-linear price trends and dynamic support/resistance zones. Uses ATR to scale the envelope’s bands, adapting to market volatility. Employs RSI to confirm overbought/oversold conditions, ensuring signals align with momentum. Visualizes signals with neon-colored markers, background zones, and labels for intuitive decision-making. How It Works The indicator integrates three key components: Nadaraya-Watson Envelope: A kernel-based regression technique that smooths price data to create a central trend line (mean) and dynamic upper/lower bands. Unlike traditional moving averages, it provides a non-linear, adaptive view of price trends, making it ideal for capturing complex market movements. The band width is determined by ATR, ensuring responsiveness to volatility. Average True Range (ATR): Measures market volatility to scale the envelope’s bands. A multiplier (default: 0.5) adjusts the sensitivity of the bands, allowing traders to fine-tune the indicator for different assets or market conditions. Relative Strength Index (RSI): A momentum oscillator with a shortened period (default: 5) for increased sensitivity. Confirms buy signals when RSI is oversold (default: <30) and sell signals when RSI is overbought (default: >70). Signal Logic Buy Signal: Triggered when the price crosses above the lower band of the Nadaraya-Watson Envelope and RSI is below the oversold threshold. Marked by a green circle and a "BUY" label below the candle. Sell Signal: Triggered when the price crosses below the upper band and RSI is above the overbought threshold. Marked by a magenta circle and a "SELL" label above the candle. Background Zones: Green (buy) or red (sell) translucent zones highlight signal areas for quick recognition. Visual Features Dynamic Colors: The central trend line shifts between cyan (uptrend), purple (downtrend), or gray (neutral) based on price position relative to the mean. Neon Gradient Fill: A translucent blue fill between the upper (green) and lower (red) bands creates a glowing, futuristic effect. Modern Signal Markers: Small, vibrant circles (green for buy, magenta for sell) and clear labels enhance visual clarity. Why This Combination? The SwiftEdge NW Envelope combines RSI, ATR, and Nadaraya-Watson Envelope to create a robust trading tool: RSI provides momentum confirmation, filtering out false signals in choppy markets. ATR ensures the envelope adapts to changing volatility, making it suitable for both trending and ranging markets. Nadaraya-Watson Envelope offers a sophisticated, non-linear alternative to traditional bands (e.g., Bollinger Bands), capturing subtle price dynamics. Together, these components deliver a balanced approach to trend-following and mean-reversion strategies, with RSI acting as a gatekeeper to improve signal reliability. Customize Settings: RSI Period (5): Adjust for more/less sensitivity to momentum. RSI Overbought/Oversold (70/30): Modify thresholds to tighten or loosen signal conditions. ATR Period (14) and Multiplier (0.5): Tune volatility sensitivity. NW Length (25), Bandwidth (8.0), Multiplier (3.0): Adjust the smoothness and width of the envelope. Interpret Signals: Buy: Look for green circles and "BUY" labels when price crosses above the lower band, confirmed by low RSI. Sell: Look for magenta circles and "SELL" labels when price crosses below the upper band, confirmed by high RSI. Use background zones to quickly spot active signal areas. Combine with Other Tools: Pair with support/resistance levels or volume analysis for additional confirmation. Test signals on a demo account before live trading. Originality The SwiftEdge NW Envelope stands out due to: Its innovative use of Nadaraya-Watson regression, a less common but powerful tool for non-linear trend analysis. A unique visual design with neon gradients and dynamic colors, inspired by AI and futuristic interfaces, making it both functional and visually engaging. A streamlined signal system that balances momentum (RSI), volatility (ATR), and trend (Nadaraya-Watson), reducing noise and enhancing trade precision. Notes Best suited for volatile markets (e.g., forex, crypto, stocks) where price swings create clear envelope breakouts. Adjust input parameters to match your trading style (e.g., shorter RSI period for scalping, wider bands for swing trading). Always backtest and validate signals in your specific market and timeframe before trading.
Pine Script® indicator
by SwiftEdge
Akshay - TheOne, TheMostWanted, TheUnbeatable, TheEnd➤ All-in-One Solution (❌ No repaint): This Technical Chart contains, MA24 Condition, Supertrend Indicator, HalfTrend Signal, Ichimoku Cloud Status, Parabolic SAR (P_SAR), First 5-Minute Candle Analysis (ORB5min), Volume-Weighted Moving Average (VWMA), Price-Volume Trend (PVT), Oscillator Composite, RSI Condition, ADX & Trend Strength. Technicals don't lie. 🚀 Overview and Key Features Comprehensive Multi-Indicator Approach: The script is built to be an all-in-one technical indicator on TradingView. It integrates several well-known indicators and overlays—including Supertrend, HalfTrend, Ichimoku Cloud, various moving averages (EMA, SMA, VWMA), oscillators (Klinger, Price Oscillator, Awesome Oscillator, Chaikin Oscillator, Ultimate Oscillator, SMI Ergodic Oscillator, Chande Momentum Oscillator, Detrended Price Oscillator, Money Flow Index), ADX, and Donchian Channels—to create a composite picture of market sentiment. Signal Generation and Alerts: It not only calculates these indicators but also aggregates their output into “Master Candle” signals. Vertical lines are drawn on the chart with corresponding alerts to indicate potential buy or sell opportunities based on robust, combined conditions. Visual Layering: Through the use of colored histograms, custom candle plots, trend lines, and background color changes, the script offers a multi-layered visual representation of data, providing clarity about both short-term signals and overall market trends. ⚙️ How It Works and Functionality MA24 Condition: Uses the 24-period moving average as a proxy; if the price is above it, the bar is colored green, and red if below, with neutrality when conditions aren’t met. Supertrend Indicator: Evaluates price relative to the Supertrend level (calculated via ATR), coloring green when price is above it and red when below. HalfTrend Signal: Determines trend shifts by comparing the current close to a calculated trend level; green indicates an upward trend, while red suggests a downtrend. Ichimoku Cloud Status: Analyzes the relationship between the Conversion and Base lines; a bullish (green) signal is given when price is above both or the Conversion line is higher than the Base line. Parabolic SAR (P_SAR): Colors the signal based on whether the current price is above (green) or below (red) the Parabolic SAR marker, indicating stop and reverse conditions. First 5-Minute Candle Analysis (ORB5min): Uses key levels from the first 5-minute candle; if price exceeds the candle’s low, VWAP, and MA, it’s bullish (green), otherwise bearish (red). Volume-Weighted Moving Average (VWMA): Compares the current price to volume-weighted averages; a price above these levels is shown in green, below in red. Price-Volume Trend (PVT): Determines bullish or bearish momentum by comparing PVT to its VWAP—green when above and red when below. Oscillator Composite: Aggregates signals from multiple oscillators; a majority of positive results turn it green, while negative dominance results in red. RSI Condition: Uses a simple RSI threshold of 50, with values above signifying bullish (green) momentum and below marking bearish (red) conditions. ADX & Trend Strength: Reflects overall trend strength through ADX and directional movements; a combination favoring bullish conditions colors it green, with red signaling bearish pressure. Master Candle Overall Signal: Combines multiple indicator outputs into one “Master” signal—green for a consensus bullish trend and red for a bearish outlook. Scalp Signal Variation: Focused on short-term price changes, this signal adjusts quickly; green indicates improving short-term conditions, while red signals a downturn. 📊 Visualizations and 🎨 User Experience (❌ no repaint) Dynamic Histograms & Bar Plots: Each indicator is represented as a colored bar (with added vertical offsets) to facilitate easy comparison of their respective bullish or bearish contributions. Clear Color-Coding & Labels: Green (e.g., GreenFluorescent) indicates bullish sentiment. Red (e.g., RedFluorescent) indicates bearish sentiment. Custom labels and descriptive text accompany each bar for clarity. Interactive Charting: The overall background color adapts based on the “Master Candle” condition, offering an instant read on market sentiment. The current candlestick is overlaid with color cues to reinforce the indicator’s signal, enhancing the trading experience. Real-Time Alerts: Vertical lines appear on signal events (buy/sell triggers), complemented by alerts that help traders stay on top of actionable market moves. Sharp lines: The Sharp lines are plotted based upon the EMA5 cross over with the same market trend, marks this as good time to reentry. 🔧 Settings and Customization Flexible Timeframe Input: Users can select their preferred timeframe for analysis, making the indicator adaptable to intraday or longer-term trading styles. Customizable Indicator Parameters: ➤ Supertrend: Adjust ATR length and multiplier factors. ➤ HalfTrend: Tweak amplitude and channel deviation settings. ➤ Ichimoku Cloud & Oscillators: Fine-tune the conversion/base lines and oscillator lengths to match individual trading strategies. Visual Customization: The script’s color schemes and plotting styles can be altered as needed, giving users the freedom to tailor the interface to their taste or existing chart setups. 🌟 Uniqueness of the Concept Integrated Multi-Indicator Synergy: Combines a diverse range of trend, momentum, and volume-based indicators into a single cohesive system for a holistic market view. Master Candle Aggregation: Consolidates numerous individual signals into a "Master Candle" that filters out noise and provides a clear, consensus-based trading signal. Layered Visual Feedback: Uses color-coded histograms, adaptive background cues, and dynamic overlays to deliver a visually intuitive guide to market sentiment at a glance. Customization and Flexibility: Offers adjustable parameters for each indicator, allowing users to tailor the system to fit diverse trading styles and market conditions. ✅ Conclusion: Robust Trading Tool & Non-Repainting Reliability: This versatile technical analysis tool computes an extensive range of indicators, aggregates them into a stable, non-repainting “Master Candle” signal, and maintains consistent, verifiable outputs on historical data. Holistic Market Insight & Consistent Signal Generation: By combining trend detection, momentum oscillators, and volume analysis, the indicator delivers a comprehensive snapshot of market conditions and generates dependable signals across varying timeframes. User-Centric Design with Rich Visual Feedback: Customizable settings, clear color-coded outputs, adaptive backgrounds, and real-time alerts work together to provide actionable, transparent feedback—enhancing the overall trading experience. A Unique All-in-One Solution: The integrated approach not only simplifies complex market dynamics into an easy-to-read visual guide but also empowers systematic traders with a powerful, adaptable asset for accurate decision-making. ❤️ Credits: Pine Script™ User Manual Supertrend Ichimoku Cloud Parabolic SAR Price Volume Trend (PVT) Average Directional Index (ADX) Volume Oscillator HalfTrend Donchian Trend
Pine Script® indicator
by Options_Series
5
ADX Divergence and Gap Monitor [theUltimator5]ADX Divergence and Gap Monitor is a custom technical analysis tool designed to visualize momentum imbalances and sudden shifts in trend participation using the ADX system. It combines traditional ADX, DI+ and DI− calculations with dynamic filtering and visual highlighting to help identify key moments of directional acceleration or weakening. 🔍 What It Does: This indicator builds on the Average Directional Index (ADX) system to detect conditions where market trend strength diverges significantly from directional input (DI) activity. It includes two major visual signals: Highlight Backgrounds These appear when the indicator detects a “gap” or sudden acceleration in DI values while ADX remains low, suggesting early-stage momentum bursts or signal noise spikes. The trigger threshold for DI change can be adjusted using the Gap Trigger Level input. A background highlight is shown when DI+ or DI− increases sharply, either from a low-ADX environment or from a rapid standalone spike. GAP Markers Optional yellow label markers display the word "GAP" just below the lowest line (ADX, DI+, or DI−) whenever a gap condition is triggered. These provide a more noticeable visual cue without crowding the chart. You can enable or disable the markers with the Show GAP Markers toggle. 🧠 Advanced Divergence Detection: The script also scans for dominant ADX divergence events, where ADX is significantly higher than DI+ or DI−, indicating strong trend force with weak directional participation. When these conditions are met: Red or green background fills appear depending on whether DI+ or DI− is being overpowered. These conditions are based on customizable moving averages and DI strength relationships. ⚙️ Key Inputs: ADX Length: Period for ADX calculation DI Moving Average: Smoothing length for directional index signals Gap Trigger Level: Minimum DI change needed to trigger a GAP highlight Show Highlight Backgrounds: Toggle to display or hide background signals Show GAP Markers: Toggle to show or hide text-based GAP labels 🧪 Use Cases: Spot early breakouts or reversals when DI activity spikes while ADX is still low Identify periods of trend exhaustion or false breakouts using divergence logic Confirm trade entry points when ADX begins to rise after a GAP event
Pine Script® indicator
by TheUltimator5
Multi Timeframe ATR, CCI & RSIMulti Timeframe ATR, CCI & RSI (MTF IND) This indicator displays ATR, CCI, and RSI values from a custom selected timeframe in a clean table overlay. It helps monitor volatility and momentum from higher/lower timeframes directly on your current chart. Features: • Select custom timeframe for all indicators (e.g., 1D, 1W, 65m, etc.) • ATR with selectable smoothing type (RMA, SMA, EMA, WMA) • CCI & RSI with trend arrows (▲ rising, ▼ falling, ▬ neutral) • Compact summary table
Pine Script® indicator
by RustamTaveri
Aesthetic RSI [AlchimistOfCrypto]🌌 Aesthetic RSI – Unveiling the Fractal Forces of Markets 🌌 Category: Momentum Indicators 📈 "The RSI oscillator, formalized through an advanced mathematical prism, reveals the underlying fractal structures of price movements. This indicator draws inspiration from quantum principles of divergence-convergence where the probability of a return to equilibrium increases proportionally to the distance from the median point. Our implementation employs sophisticated algorithmic smoothing to filter out the stochastic noise inherent in financial markets, allowing visualization of the true momentum forces according to thermodynamic entropy principles applied to trading systems." 📊 Professional Trading Application The Aesthetic RSI is a visually stunning and mathematically refined take on the classic Relative Strength Index. With customizable settings, advanced smoothing, and eight unique visual palettes, it empowers traders to detect momentum shifts and divergences with unparalleled clarity. ⚙️ Indicator Configuration - Length 📏 The core parameter (default: 20) that determines the calculation period. - Lower values (8-14): Increase sensitivity for short-term trading. - Higher values (21-34): Provide stronger signals for position trading. - OverBought/OverSold Thresholds 🎯 Customizable boundaries (default: 75/25) to identify extreme market conditions. - Calibrate based on asset volatility: Higher volatility assets may need wider thresholds (80/20) to reduce false signals. - Style 🎨 Eight meticulously crafted visual palettes optimized for pattern recognition: - Miami Vice (default): High-contrast cyan/magenta scheme for spotting divergences. - Cyberpunk: Yellow/purple combo to highlight momentum shifts. - Classic: Traditional green/red for conventional analysis. - High Contrast: Maximum visual separation for traders with visual impairments. - Specialized palettes (Forest, Ocean, Fire, Monochrome): Tailored for diverse market conditions. - Mode Selection 🔄 - Full: Displays a complete gradient spectrum across the RSI range, emphasizing momentum transitions between 35-65. - OverZone: Focuses on actionable extreme zones, reducing noise in ranging markets. 🚀 How to Use 1. Adjust Length ⏰: Set the period based on your trading style (short-term or long-term). 2. Fine-Tune Thresholds 🎚️: Customize overbought/oversold levels to match the asset’s volatility. 3. Select a Palette 🌈: Choose a visual style that enhances your pattern recognition. 4. Choose Mode 🔍: Use "Full" for detailed momentum analysis or "OverZone" for extreme zone focus. 5. Spot Divergences ✅: Look for price-RSI divergences to anticipate reversals. 6. Trade with Precision 🛡️: Combine with other indicators for high-probability setups. 📅 Release Notes (April 2025) Aesthetic RSI blends quantum-inspired mathematics with artistic visualization, redefining momentum analysis. Stay tuned for future enhancements! ✨ 🏷️ Tags #Trading #TechnicalAnalysis #RSI #Momentum #Divergence #MultiTimeframe #TradingStrategy #RiskManagement #Forex #Stocks #Crypto #Bitcoin #AlgoTrading #DayTrading #SwingTrading #TheAlchimist #QuantumTrading #VisualTrading #PatternRecognition
Pine Script® indicator
by AlchimistOfCrypto
RSI - 5UP Overview The "RSI - 5UP" indicator is a versatile tool that enhances the traditional Relative Strength Index (RSI) by adding smoothing options, Bollinger Bands, and divergence detection. It provides a clear visual representation of RSI levels with customizable bands and optional moving averages, helping traders identify overbought/oversold conditions and potential trend reversals through divergence signals. Features Customizable RSI: Adjust the RSI length and source to fit your trading style. Overbought/Oversold Bands: Visualizes RSI levels with intuitive color-coded bands (red for overbought at 70, white for neutral at 50, green for oversold at 30). Smoothing Options: Apply various types of moving averages (SMA, EMA, SMMA, WMA, VWMA) to the RSI, with optional Bollinger Bands for volatility analysis. Divergence Detection: Identifies regular bullish and bearish divergences, with visual labels ("Bull" for bullish, "Bear" for bearish) and alerts. G radient Fills: Highlights overbought and oversold zones with gradient fills (green for overbought, red for oversold). How to Use 1. Add to Chart: Apply the "RSI - 5UP" indicator to any chart. It works well on timeframes from 5 minutes to daily. 2. Configure Settings: RSI Settings: RSI Length: Adjust the period for RSI calculation (default: 14). Source: Choose the price source for RSI (default: close). Calculate Divergence: Enable to detect bullish/bearish divergences (default: disabled). Smoothing: Type: Select the type of moving average to smooth the RSI ("None", "SMA", "SMA + Bollinger Bands", "EMA", "SMMA (RMA)", "WMA", "VWMA"; default: "SMA"). Length: Set the period for the moving average (default: 14). BB StdDev: If "SMA + Bollinger Bands" is selected, adjust the standard deviation multiplier for the bands (default: 2.0). 3.Interpret the Indicator: RSI Levels: The RSI line (purple) oscillates between 0 and 100. Levels above 70 (red band) indicate overbought conditions, while levels below 30 (green band) indicate oversold conditions. The 50 level (white band) is neutral. Gradient Fills: The background gradients (green above 70, red below 30) highlight overbought and oversold zones for quick reference. Moving Average (MA): If enabled, a yellow MA line smooths the RSI. If "SMA + Bollinger Bands" is selected, green bands appear around the MA to show volatility. Divergences: If "Calculate Divergence" is enabled, look for "Bull" (green label) and "Bear" (red label) signals: Bullish Divergence: Indicates a potential upward reversal when the price makes a lower low, but the RSI makes a higher low. Bearish Divergence: Indicates a potential downward reversal when the price makes a higher high, but the RSI makes a lower high. 4. Set Alerts: Use the "Regular Bullish Divergence" and "Regular Bearish Divergence" alert conditions to be notified when a divergence is detected. Notes The indicator does not provide direct buy/sell signals. Use the RSI levels, moving averages, and divergence signals as part of a broader trading strategy. Divergence detection requires the "Calculate Divergence" option to be enabled and may not work on all timeframes or assets due to market noise. The Bollinger Bands are only visible when "SMA + Bollinger Bands" is selected as the smoothing type. Credits Developed by Marrulk. Enjoy trading with RSI - 5UP! 🚀
Pine Script® indicator
by Marrulk
Daksh IndicatorThe Daksh Indicator is designed for swing and position traders looking for clean and reliable entries/exits on HIGHER TIME FRAMES. It combines RSI crossover signals, RSI slope filtering, and a custom cooldown period to avoid signal clutter and improve quality. 📊 Core Logic: RSI Crossovers: Triggers a BUY when RSI crosses up from below the oversold zone, and SELL when RSI crosses down from overbought. Slope Filter: Signals are only valid if the RSI slope exceeds a configurable threshold, helping filter out weak reversals. Cooldown Timer: Once a trade is taken, a user-defined number of bars must pass before a new signal can appear. Entry Flexibility: Option to plot entry labels using Open or Close price. PnL Tracker: A live table shows entry price and running PnL (%) based on the last signal. 📣 Alerts: The indicator supports alerts for BUY, SELL, and combined signals. 🔒 Note: This is a closed-source indicator due to proprietary signal filtering and trade timing logic developed through extensive personal research and testing. ⚙️ How to Use: Use it on higher timeframes (e.g., 4H, Daily) to avoid false signals. Look for signals aligned with major trend context. Adjust the slope threshold and cooldown to fine-tune signal frequency.
Pine Script® indicator
by jayshreeeinvestments
Ultimate RSI+ADX Indicator# Ultimate RSI+ADX Indicator: Principles Explained The Ultimate RSI+ADX Indicator combines two powerful technical analysis tools to create a comprehensive trading system with enhanced signal accuracy. ## Principles of Ultimate RSI Unlike standard RSI, Ultimate RSI doesn't just measure price movements but considers price ranges in its calculations: 1. It identifies the high and low range of the current period. 2. It detects expansion or contraction of the range compared to previous periods. 3. It considers both direction and range changes to measure momentum more accurately. This approach allows Ultimate RSI to better capture the context of price movements and reduce false signals compared to traditional RSI. ## The ADX Component The Average Directional Index (ADX) measures trend strength regardless of direction: 1. It quantifies how strongly a price is trending. 2. Values above 25 typically indicate a strong trend is present. 3. It helps filter out sideways markets where trading signals might be less reliable. ## How the Ultimate RSI+ADX Indicator Works This integrated indicator functions through these key mechanisms: 1. **Enhanced Momentum Calculation**: Using Ultimate RSI for more accurate overbought/oversold conditions. 2. **Buy Signal Conditions**: - Ultimate RSI crosses above its signal line - Ultimate RSI remains below the maximum buy threshold - ADX confirms sufficient trend strength - Positive RSI slope indicates upward momentum 3. **Sell Signal Conditions**: - Downward reversal detected at elevated RSI levels - Ultimate RSI crosses below its signal line - Sharp decline compared to previous price action - ADX confirms the presence of a strong trend The Ultimate RSI+ADX Indicator excels at identifying potential reversal points in trending markets while filtering out noise in ranging conditions. It provides traders with a balanced approach to momentum and trend analysis, helping capture significant market moves more effectively.
Pine Script® indicator
by Dr-Yinyang