2 indicators in 1.
Included Indicators are:
Basic usage of these indicators respectively are:
- RSI values above 70 is commonly overbought, whilst below 30 is oversold.
- Stochastics for describing the momentum and turning points of price swings.
Please recognize that these are simplified explanations.
Reasons for 2 in 1 assembly:
- You can analyse the trend strength on daily time frame by looking of weekly and monthly is greater than 60.
- Divergence code is taken from tradingview's Divergence Indicator code.
#Strategy 1 : BUY ON DIPS
- This will help in identifying bullish zone of the price when RSI on DAILY, WEEKLY and Monthly is >60
-Take a trade when monthly and weekly rsi is >60 but...
Warning! Frequently hits the execution time limit for scripts.
Especially on initially adding to your chart. Often requires toggling show/hide indicator to get it to complete script execution within the time limit. YMMV!
From TASC Sept 2016 this is Ehler's Autocorrelation periodogram. A means of determining the dominant cycle ("ideal" indicator length /...
I wanted to share this strategy that I use myself for binary options trading. After trading binary options for several years I have learned that every single day is unique... assets behave differently every single day. So, when I start the day I want to know which is the optimum combination of parameters in my indicators that will give me the signals I want...
For Best Results, Collect Minimum of 4 Confirmations. When the Relative Strength Index is above the top line, look for sales. If it is below the bottom line, Find purchases.
If the Stochastic Oscillator is above the upper line, look for sales, If it is below the bottom line, look for purchases. (also applying price action and looking for bounce...
Choppiness Index and RSI by ceyhun
This indicator is based on the inverse relationship between CHOP and RSI.
If the RSI is greater than CHOP, the Bar color will be blue.
If CHOP is greater than RSI, the bar color will be red.
If CHOP is less than 38.2, the color will turn blue. positive
If the CHOP is...
Today I am glad to provide you a strategy based on the wave trend oscillator. If you want to use it as an indicator, just disable long and short to not make any shops.
It works on all time frames.
The way it works its like an RSI .
We have overbought and oversold levels, and together with a channel and length we calculate the wave trend.
This is RSI combined with 3 different indicators that prints signals as a overlay
1. RSI cross Bollinger Band indicator that paints bgcolor short and long signals when the RSI cross's up through the lower bollinger band ( Long ) or cross's down through the upper bollinger band ( Short )
2. RSI and Wave Trend Dot combination
3. RSI and Directional Index...
TMsignal - RSI Divergence V1.0: It automatically shows RSI Divergence, being much useful for detecting future changes in the tendency of the current stock, and weakness in the actual tendency.
Different timeframes can be set up to meet your needs.
We hope you like it! Contact us any question or improvement suggestions.
This is a RSI cross Bollinger Band indicator that paints bgcolor short and long signals when the RSI cross's up through the lower bollinger band ( Long ) or cross's down through the upper bollinger band ( Short )
I have also added alerts for the signals
please note there is still noise with this, you need to use with something else like MFI or VFI
Displays when multiple timeframes of Stochastic RSI are overbought/oversold. Multiple consecutive timeframes being overbought/oversold can signify a short term top or bottom.
Thanks to Micse in Pinescripters telegram who helped remove a few errors from this.
I am glad to bring you another simple and efficient algorithm.
Its made purely from RSI which can be used directly or inversed. Its suited for swing trading 15 min chart or more minimum.
Can be adapted to all types of financial markets.
Rules for entry are easy : First we have the stop loss and take profits levels. Based on SL , we have the risk %...
This is a currency index strength meter.
Plots Dollar index by default.
Switch between other indexes of the same pair you are trading.
Exotic pairs included.
This indicator helps you understand the broad dynamic strength of the currency as calculated from numerous other pairs as opposed to just the pair you are trading, giving you the advantage of anticipating a...
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
This is a simple RSI based signal indicator. It is intended for algorithmic trading by bots, currently working one up for bitforex.uk.to and okcoin.uk.to to use this.
For the best results leave it on 1-Hour time-frame. It also works best on bitcoin and stocks, not so much oil. GBP/USD and AUD/USD it fairs well too.
When RSI touches 70 it gives a...