An updated version of CDC RSI Divergence
The last version have fixed reversal amount to weed out false signal.
The reversal amount, however, needs to be calibrated to different chart.
The new one uses ATR instead, user can customize the ATR multiplier.
THIS IS NOT A TRADING SIGNAL SYSTEM
though it can be used in such a way it is not designed to.
This script alerts when a bullish or bearish divergence occurs.
The alert have minor repainting so do not use this as an entry / exit signal
but rather a guideline to be considered with other indicators. (MACD for example)
Lately I had quite a few requests for an RSI divergence development, so I decided to make a publish version of such indicator. This is how it works:
It searches for peaks on the RSI indicator (not on the price!):
when the RSI values greater than two values before and after that value it's a peak
when the RSI values lesser than two values before and after...
The Relative Strength Index (RSI) measures of the underlying strength of an upward or downward price move by assessing the magnitude of short-term price swings. Changes in the RSI can also indicate price momentum.
Indicator swings generally follow the direction of price swings. However, at times the swings of the oscillator and the price may disagree (for...
Yume (aqua line) is a modified high moving average of RSI
Akume (orange line) is a modified low moving average of RSI
Miaku line (green line) is a variable median line that...
Identify Divergences on 6 oscillators simultaneously.
From the bottom up.
0 to 1 (black): MACD
1 to 2 (green): Elders Force Index
2 to 3 (blue): RSI
3 to 4 (purple): Awesome Oscillator
4 to 5 (red): Commodity channel index
5 to 6 (orange): Stochastic
You can change the identification of the divergence in the settings and use the Oscillator Divergences indicator...
IMPORTANT!!! MAKE SURE "RECALCULATE AFTER ORDER FILLED" IS CHECKED. I will have it on by default in the future.
This is a continuation of my previous scripts of two MACD indicators with a Stochastic RSI indicator.
- Alternate MACD time interval
You can now set the time interval for the second MACD indicator to a different resolution than...
This is a upgraded version of the wave with modified parameters for a higher success rate. 3 New Lengths and 75 more lines of code added to the overall algorithm. Also included are 2 sublevel signals based on the Fib MA and pattern trading.
+ The Yume is the Fast length
+ The Akume is the Slow length
+ The Miaku is a median weighted...
Contains RSI; EMA of RSI; EMA of EMA of RSI; Stochastic Oscillator; 2 Inverse Fisher Transforms on RSI - IFRSI89 and IFRSI233 XOVER on higher timeframes from oversold/overbought is useful signal; RSI Trend/Divergence Candles with color variation based on multiple RSI length detection of trend decay; Chart candle overlay coloring based on RSI, eRSI, and eeRSI EMA55...
This indicator is designed to give early entry signals as well as to follow trend moves, according to different settings.
The indicator shows a histogram of the RSI ro MFI in relation to an ema of the RSI or MFI.
The histogram is then smoothed to give early reversal/entry signals.
The actual RSI/MFI line with oversold/overbought indication can be...
Lo and behold, this is the Zero_n0ncense RSI Filter. This filter is designed to be plugged in as a regular RSI(14), but it provides buy and sell signals as well.
There isn't much more to this indicator than that. If extra documentation is requested by the community, I'll be more than happy to provide such.
Otherwise, this indicator is pretty straightforward in...
This is previous version of + RSI Divergence + Parabolic Sar
Take Profit, Stop Loss, and with ALERTS of course.
study(title="RSI Divergence", overlay = false)
src_fast = hlc3, len_fast = input(5, minval=1, title="Length Fast RSI")
src_slow = hlc3, len_slow = input(15,minval=1, title="Length Slow RSI")
up_fast = rma(max(change(src_fast), 0),...
QuantRsi is a Relative Strength Indicator designed to improve on RSI's divergence confirmation. QuantRsi also functions as an entirely new type of range-bound oscillator, enabling "Hybrid TA" - the study and use of drawing tools on candles painted by the indicator.
QuantRsi paints full OHLC candles by default - displaying the full range of each candle's movement....