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Relative Strength Index (RSI)

Heiken Ashi Algo and the Mass Effect Moving Average: Almost HereWell ladies and gentlemen I think I have created a monster and I'm really happy to call it the heiken Ashi algo and the Mass Effect moving average combination. Don't worry I have not been leaving you hanging. It's just been very busy and I want to make sure that this thing works beautifully for you. So what is the heiken Ashi algo oscillator? it is an oscillator much like the original heikin-ashi RSI with a ton more features. As you know a little while ago I came out with the CoffeeShop Crypto HARSI, Update to the original HARSI. And as development on that oscillator continued I had to change the name to the algo because now the oscillator actually speaks to you while trading is taking place. But as you know you should never use a single indicator by itself to enter and exit trades and understand what's happening on your chart. you should always use something as a secondary Confluence or even a tertiary confluence. Because the more confluences you have the better right? So with that I continued development on the Mass Effect moving average and you can use them beautifully in combination. In this video I don't want to get into the technical Aspect of all the details on how the oscillator and the moving average work but I do want to show you the parts that have been developed and what they mean. feel free to leave your suggestions below and I will make adjustments if needed. I'm probably going to need one more week before fully releasing both of these together and until then I'd love to communicate with you on anything to make it more fluid. With that let's take a look at my chart and see the breakdown. The Heiken Ashi Algo Double Stochastic - Uses a mean regression calculation for pullback notifications but it also adds support to knowing when a trend is in full swing. This happens when you see both stochastic ribbons touch each other while they are the same color Green touching green is a move to the upside. It matters most When it's above or below the 50 level. the other thing you can see here is when they touch and when they touch again as the same color is a clear sign of a Divergence. IBXL - Inside Bar Calculation. This will be moved to the Mass Effect MA as well Resistance / Support / are dynamic levels which change over time Bull Key level - Are Significant price or Price action levels which almost never change over longer periods of time. when I get a key level alert I Market on my chart with a thick line and I lock it in place. These are the major areas of supply and demand Zone on your chart and you want to watch them closely when price gets near these levels Pull Back - Helps you draw out targets to your trend lines. Now let's talk real quick about the mass effect moving average and what it will include. this uses a mean regression strategy so that you can swing trade- And get your confluences of when prices going to move up or down so doesn't matter if you are in an uptrend or a downtrend . Stop lost Trend color - Is this really a stop loss line which will follow your price action and depending on its color will tell you if you should be using a stop loss of a guy or a stop loss of a sell. Obviously if it's red you should be selling and if it's green you should be buying. do not use it incorrectly. Just because it changes to Green doesn't mean you by and just because it changes to Red doesn't mean you cell. It only means you are in an area where you should be buying or selling. The EMA's - it includes four different exponential moving averages which you can set appropriately to your style. The VWAP - Included in this is a VWAP Moving average. Even though the VWAP is used as a moving average against the RSI in the oscillator below, I included the VWAP in the Mass Effect moving average because once you switch to a daily chart The VWAP in the oscillator disappears but you can still have it on your chart in the Mass Effect moving average. So switching to a daily chart you will still be able to see your VWAP. The V-CROSS - This indication shows up so that you can see when the V WAP is crossing over your price level. This helps you know from point to point if you are above or below a support or resistance level and where is your price in relation to your VWAP. This will also help you notice when price is overbought or oversold. Fractals - Show you pivot points in market structure. I use them to find exit points for trades when there is no immediate swing low or high to be seen. Usually i look further left and use one of these points to exit. But they have even more application which I'll get into in another video. The Trend Ribbon - Is a bullish and or bearish colored ribbon to show you the trend that works in Confluence with your stop loss line which also changes from red to Green. when they are both the same color you are in a trend in that direction of up or down. The good thing about the trend ribbon is it's always seeking the same level as the VWAP and when it finally catches up to it that's when the trend usually goes flat and then reverses.
Education
by CoffeeshopCrypto
29
Relative Strength IndexThe Relative Strength Index is one of the most widely used tools in traders handset. The RSI is an oscillating indicator which shows when an asset might be overbought or oversold by comparing the magnitude of the assets recent gains to its recent losses. A common misconception is that the RSI draws a comparison between one security and another, but what it actually does is to measure the assets strength relative to its own price history, not that of the market. The Relative Strength Index is useful for generating signals to time entry and exit points by determining when a trend might be coming to an end or a new trend may be forming. It weighs the prices upward versus downward momentum over a certain period of time, most often 14 periods, thus showing if the asset has moved unsustainably high or low. The RSI is visualized with a single line and is bound in a range between 1 and 100, with the level of 50 being considered as a key point distinguishing an uptrend from a downtrend. You can see how the RSI is plotted on a chart on the following screenshot. J. Welles Wilder, the inventor of the Relative Strength Index, has determined also two other fundamental points of interest. He considered that an RSI above 70 indicates that the asset is overbought, while an RSI below 30 suggests an oversold situation. These levels however are not strictly set and can be manually switched, according to each traders unique trading system. Trading platforms allow you to choose any other value as overbought/oversold boundary apart from the conventional levels. How is RSI calculated? The formula is as follows: RSI = 100 – Where the RS (Relative Strength) is the division between the upward movement and the downward movement, which means that: RS = UPS / DOWNS UPS = (Sum of gains over N periods) / N DOWNS = (Sum of losses over N periods) / N As for the period used for tracking back data, Wilders original calculations included a 14-day period, which continues to be used most often even today. It however can also be a subject to change, according to each traders unique preferences. After the estimation of the first period (in our case the default 14 days), further calculations must be made in order to determine the RSI after a new closing price has occurred. This includes one of two possible averaging methods – Wilders initial and still most commonly used exponential averaging method, or a simple averaging method. We will stick to the most popular approach and use exponential smoothing. The UPS and DOWNS for a 14-day period will then look like this: UPSday n = / 14 DOWNSday n = / 14 What does the RSI tell us? here are several signals that the Relative Strength Indexs movement generates. As we said earlier, this indicator is used to determine what kind of trend we have and when it might come to an end. If the RSI moves above 50, it indicates that more market players are buying the asset than selling, thus pushing the price up. When movement crosses below 50, it suggests the opposite – more traders are selling rather than buying and the price decreases. You can see an example of an uptrend below where the RSI remains above 50 for almost the duration of the move. However, do keep in mind to use the RSI as a trend-confirmation tool, rather than just determining the trend direction all by itself. If your analysis is showing that a new trend is forming, you should check the RSI to receive additional confidence in the current market movement – if RSI is rising above 50, then you have a confirmation at hand. Logically, a downtrend has the opposite properties. Overbought and oversold levels Although trend confirmation is an important feature, the most closely watched moment is when the RSI reaches the overbought and oversold levels. They show whether a price movement has been overdone or it is sustainable, thus, indicating if a price reversal is likely or if the market should at least turn sideways and see some correction. The overbought condition suggests a high probability that there are insufficient buyers on the market to push the asset further up, thus leading to a stall in price movement. The reverse, oversold, level indicates that there are not enough sellers left on the market to further push prices lower. This means that when the RSI hits the overbought area (in our case 70 and above), it is very likely that price movement will decelerate and, maybe, reverse downward. Such a situation is pictured on the screenshot below. You can see two rebounds from the overbought level with the first move being extraordinary strong and bound to end with a price reversal, or a correction at least. . Having noted that prices tend to rebound from overbought/oversold levels, we can therefore reach the conclusion that they tend to act as support/resistance zones. This means that we can use those levels to generate entry and exit points for our trading session. As soon as the price hits one of the two extremes, we can use the Relative Strength Index to confirm a probable price reversal and enter an opposite position, hoping that prices will reverse in our favor. We can then set the opposite extreme level as a profit target.
Education
by FOREXN1
27
🔳TOP 7 INDICATORS TO USE🔳 ◻️MACD(Moving Average Convergence/Divergence) Traders use MACD to identify changes in the direction or strength of the asset’s price trend. MACD can seem complicated at first glance, because it relies on additional statistical concepts such as the exponential moving average (EMA). But fundamentally, MACD helps traders detect when the recent momentum in an asset’s price may signal a change in its underlying trend. This can help traders decide when to enter, add to, or exit a position.MACD is a lagging indicator. After all, all the data used in MACD is based on the historical price action of the asset. Because it is based on historical data, it must necessarily lag the price. However, some traders use MACD histograms to predict when a change in trend will occur. ◻️VWAP(Volume-Weighted Average Price) The volume-weighted average price (VWAP) is a measurement that shows the average price of a security, adjusted for its volume. It is calculated during a specific trading session by taking the total dollar value of trading in the security and dividing it by the volume of trades. The formula for calculating VWAP is cumulative typical price x volume divided by cumulative volume. VWAP gives traders a smoothed-out indication of a security’s price (adjusted for volume) over time. It is used by institutional traders to ensure that their trades do not move the price of the security they are trying to buy or sell too extremely. ◻️EMA(Exponential Moving Average) An exponential moving average (EMA) is a type of moving average (MA) that places a greater weight and significance on the most recent data points. The exponential moving average is also referred to as the exponentially weighted moving average. An exponentially weighted moving average reacts more significantly to recent price changes than a simple moving average simple moving average (SMA), which applies an equal weight to all observations in the period. ◻️THE FOUR TYPES OF EMA: ▪️9-EMA is use for short term trading ▪️21-EMA is used for day trading ▪️50-EMA is used for analysis ▪️200-EMA is used for long term view ◻️RSI(Relative Strength Index) The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of a security's recent price changes to evaluate overvalued or undervalued conditions in the price of that security. The RSI is displayed as an oscillator (a line graph) on a scale of zero to 100.Generally, when the RSI indicator crosses 30 on the RSI chart, it is a bullish sign and when it crosses 70, it is a bearish sign. Put another way, one can interpret that RSI values of 70 or above indicate that a security is becoming overbought or overvalued. It may be primed for a trend reversal or corrective price pullback. An RSI reading of 30 or below indicates an oversold or undervalued condition. Overbought refers to a security that trades at a price level above its true (or intrinsic) value. That means that it's priced above where it should be, according to practitioners of either technical analysis or fundamental analysis. Traders who see indications that a security is overbought may expect a price correction or trend reversal. Therefore, they may sell the security. Thanks for reading bro, you are the best☺️ ✅Gimme a like and the Gods of Trading will favour you this week👍 Dear followers, let me know, what topic interests you for new educational posts?
OANDA:BTCUSDEducation
by SignalProvider
6
Harmonic Pattern with Multiple Confluence for Point X and DThis is an example of regression channel with harmonic pattern. By using Simple OHLC Custom Range Interactive, we able make confluence point (blue) to get Point X of Bullish Butterfly. There are many confluence points (orange flag and teal table), which shows Point D of Butterfly starting to complete. For Point D, best to monitor price changes using RSI or other similar RSI (Cyclic RSI, etc). Indicator used : 1. Regression Channel Alternative MTF 2. HH-LL ZZ 3. XABCD Harmonic Pattern Custom Range Interactive 4. Simple OHLC Custom Range Interactive 5. Cyclic RSI High Low With Noise Filter
MYX:FKLI1!Education
by RozaniGhani-RG
HOW TO USE RSI⁉️ ✳️What is the RSI Indicator What is the RSI Indicator? The relative strength index is a market indicator that signals when the asset is over-bought or over-sold. This is a momentum-following indicator that measures how fast the price is moving and changing. The RSI uses different types of averages, but its primary purpose is to show whether a trend is strong or weak within a series of prices. In general, a strong trend is indicated by values close to 100 while a bearish trend is often indicated by a value near 0. ✳️RSI Indicator Settings The RSI has the standard setting. When you activate the indicator in any platform the defualt setting are 3 values. They are 6, 14 and 24. These are averages. The 30 and 70 value lines are calculated based on the lower and upper values and the middle lines is the oscillar which is a 14 period average. When the 14 period oscillator is above the 24 period is overbought and when the 14 period is below the 6 period is oversold. ✳️Opening Positions on RSI Signals The main signal the RSI oscillator generates allows defining overbought and oversold price ranges. Although it is frequently used as a filter in systems where the main indicator is a trend one, it might be possible to try trading using RSI signals only. When indicator’s line goes above the level 70 or below the level 30, it signals that market is overbought/oversold, and it is necessary to wait for the next signal confirming a trend reversal. ✳️RSI Trendlines Contrary to popular belief, the Relative Strength Index (RSI) is a leading indicator. This quality can be observed by using trendlines on the RSI chart and trading its break. When the RSI is rising, an upward trendline is drawn by connecting two or more lows and projecting the line into the future. Similarly, when the RSI is falling, a downward trendline is drawn by connecting two or more highs and projecting the line into the future. A break of an RSI trendline precedes an actual price reversal or continuation in the market. For instance, if the asset price breaks above a downward trendline, it is a signal that the price is about to edge upwards, either as a continuation of an uptrend or as a reversal of an existing downtrend in the market. ✳️RSI and Chart Patterns The Relative Strength Index is one of the best technical indicators to complement raw price action signals delivered by candlestick patterns or line chart patterns. For instance, when a bullish candlestick, such as a pin bar, or a price chart pattern, such as a double bottom, occurs in a downtrend, a buy position can be opened when the RSI displays a reading of below 30 to imply oversold conditions. ✳️RSI Divergence The Relative Strength Index also delivers divergence signals that could be a viable trading opportunity. A divergence occurs when the asset price and RSI do not move in the same direction. A positive (bullish) divergence occurs when the price is drifting lower, but the RSI is edging higher. This is a signal that the price may be heading towards a bottom and an upward reversal is about to happen. On the other hand, a negative (bearish) divergence occurs when the price is drifting higher, but the RSI is going lower. This is a signal that price may be heading towards a top and a downward reversal is about to happen. ✳️RSI and RVI Both the RSI and the RVI(Relative Vigor Index) are oscillators, but their different qualities can help traders to pick out high-quality RSI trading opportunities in the market. Whereas the RSI focuses on price extremes (high and low), the computation of RVI seeks to relate closing prices to open prices. This means that the RVI has both positive and negative numbers, with the centreline being 0. The RVI gives information on the strength of price movement, with positive values indicating increasing momentum, whereas negative values denote decreasing momentum. The RSI is the best indicator to complement or qualify the signals delivered by the RVI, especially in trending markets. For instance, if the market is in an uptrend and the RVI delivers a bearish divergence signal (prices go higher whereas RVI goes lower). In this case, a retracement or a trend reversal will be confirmed if the RSI reading is above 70, which implies overbought trading conditions. ✳️Here is the list, though now at all exhausting of the ways to use RSI in your trading. I will add that I use it myself, even though you don’t see it on my charts for aesthetic reasons. I hope you liked my article, so please like and comment bros, so that more people could see it!👍 See ya next time♻️
OANDA:BTCUSDEducation
by SignalProvider
7
RSI Formula Explained (updated) and a LIVE FAILED tradeThis is just an update to the RSI Formula since some of you are still having trouble with it. Its not as hard as it seems. Now with the oscillator scale reading ZERO at the mid line, there is no math to do. RSI Values as follows 0-9 = 1 to 2 rr 10-19 = 1 to 3 rr 21-29 = 1 to 4 rr 30-39 = 1 to 6 rr Dont worry too much about the last two. you want to be safer at trading with the first two. The last two are really designed for "Trailing your take Profit" If you have negative values on your RSI, thats fine. just do the trade in a SHORT and follow the same formula. Watch the video for the full breakdown
Education
by CoffeeshopCrypto
26
The easiest way to spot divergences and how to trade them Welcome to the coffee shop everybody. This is your host and baristo Eric, and in today's video I am giving you a video Lesson based off of my preferences on how you should look for and use RSI Divergences. THe Oscillator used in this video is The Heiken Ashi Algo Oscillator Get it free here and always BOOOOOOOOOOST IT!! There are three problems that people have whether they are experts or when they are novices in spotting Divergence between the RSI and price. First problem is they don't know where to look because the RS I can have hundreds of high values and hundreds of low values but you need to know which ones are the relevant ones to look at. The second problem is a common question where people ask "which way will the price go?" The answer to that is basically the slope of the RSI is the new slope of your price so, if the RSI is angled up your price will angle up. If the RSI is angled down your price will angle down. Now hold on a minute don't run off and start acting like you know how to trade divergences yet because there's still question number 3. When will it go in that direction? Just because you see a Divergence doesn't mean it's going to immediately happen so you need to know what to look for to let you know that it is actually going to go in that direction and when will that Trend begin. So in today's video I do a nice lengthy coverage on how to spot those answers and you can use the oscillator in the video by going to this link.
Education
by CoffeeshopCrypto
71
A combination of RSI and MACDThere are many indicators in the world of trading and each has its own minuses and pluses. To smooth out the disadvantages and benefit from the advantages, you can use several indicators at once. This trading strategy is based on the use of RSI and MACD . Everyone knows that when a fast moving average crosses a slow one from top to bottom, it is necessary to sell . When the fast moving average crosses the slow one from the bottom up, buy . In this case, in order to open a position, the trader must wait for signals from one indicator first, then from the second, and only after that open a position. On the ETH chart, we see that on November 6 , the RSI gave a sell signal. This signal alone is not enough, but after seeing it, you should be ready to open a deal soon. On November 15 , the MACD gave a sell signal and already here the trader should open a short. Where to set a stop loss and when to close a position is up to you, but there is an easy way. Stop loss can be set for the previous maximum/minimum , and the position can be closed when the indicators signal the opening of a position in the other direction . Specifically, in this position, a stop loss could be set for a maximum of 4880.85 on November 9 . It was possible to close the position when the MACD showed a buy signal, the price had already fallen by 46% by that time. As you may have noticed, the RSI sometimes shows premature signals , which is why it is important to wait for the MACD signal. Positions at numbers 2 and 4 show that after the RSI showed a sell signal, the price went even higher , updating the maximum and only after the MACD signal it was worth opening positions. Be careful, be patient. Whoever knows how to wait gets everything.
Education
by UnknownUnicorn15614419
10
Regarding the SR_R_C (Stoch RSI + RSI + CCI) indicator...Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- We use several methods to analyze charts. When you start studying charts, you study a lot of things. However, you should forget everything you have studied, trends, patterns, and indicators when conducting real trading. Otherwise, it is because you are stuck in the studied frame and try to fit the chart into the studied frame without interpreting the chart movement as it is. I think that this behavior makes you analyze charts with subjective thoughts, which increases the chances of creating a wrong trading strategy. To prevent this, we will explain a new indicator. The SR_R_C indicator is a combined indicator of the Stoch RSI, RSI, and CCI indicators. - The set values ​​of the Stoch RSI indicator are 14, 7, 3, 3. It is displayed as one line by treating it as the middle value of the K and D lines. - The setting value of the RSI indicator is 14. Instead of the existing Close value, we tried to maintain the continuity between the oversold section and the overbought section by calculating the Heikin Ashi Close value. RSI indicators are displayed in columns. - The set value of the CCI indicator is 9. When the CCI value rises above the +100 point, it is marked as overbought, and when it falls below the -100 point, it is marked as oversold. CCI indicators are displayed in bgcolor. There are a lot of information on how to interpret each indicator if you search. However, you can read the searched content and forget it. The detailed interpretation method can add subjective interpretation to the objective information that can be obtained through the index, so you can forget about the method of interpretation of the index itself. The core interpretation method of the SR_R_C indicator can be interpreted that if two or more of the three indicators are defective, a reversal of the trend is highly likely. For example, if two or more of the Stoch RSI, RSI, and CCI indicators are in the oversold zone, it can be interpreted that there is a high possibility of turning into an uptrend. Conversely, if it enters the overbought zone, it can be interpreted that it is highly likely to turn into a downtrend. Trend patterns such as Fibonacci, Harmonic, and Elliott waves will show the result of the discussion depending on the selected point. Therefore, in order to use these patterns, indicators, and tools, the selection of a selection point is the most important. However, I think that auxiliary indicators, such as MACD, RSI, Stoch RSI, CCI, etc., can help to obtain objective information because there is no point of choice. In conclusion, the reason for analyzing the chart is to make a trading strategy based on the analyzed content to make a successful trade, so it is important to analyze the chart in the most objective and essential way. Even with any of these indicators, patterns, and tools, critically choosing the wrong support and resistance points will lead to trouble crafting a trading strategy. Therefore, solid learning of support and resistance points is required before studying or utilizing all indicators, patterns, and tools. Thank you for reading this long article to the end. For reference, all indicators included in this chart can be used normally if the chart is shared. Also, you can copy and paste the indicators to other layouts to use them neatly.
Education
by readCrypto
2
RSI: The King of IndicatorsIf I had to choose one (and only one) indicator to use for the rest of my life, it would most certainly be the Relative Strength Index (RSI). Anyone who's spent more than 30 seconds on TradingView understands, in the most basic sense, that RSI indicates when an asset is over- or undervalued (overbought or oversold). But this delicious little oscillator can do a lot more than that. In fact, you could develop a winning trading strategy based entirely on RSI signals and nothing else (though, why would you?). Here are some of my favorites: SMA Crossovers TradingView's built-in RSI indicator now comes equipped with a Simple Moving Average applied by default. Like other MA crossover strategies, RSI SMA crossovers can be a very effective tool. Note that this sort of strategy is probably best implemented programmatically, though. But if you do intend to trade these signals the old fashioned way, you'll definitely want to work on a high time frame. Eventually I intend to write a PineScripts strategy to do some back-testing and get some win/loss rates and ratios for different RSI and SMA lengths. Divergences Who doesn't love RSI divergences? They're easy to spot, and very reliable on a variety of time frames. Just look for local highs/lows in the RSI that "diverge" from the corresponding local highs/lows in price. Below is an example of a divergence and a hidden divergence. There is a bearish and bullish flavor of each type of divergence. Overbought/Oversold conditions Probably the most common use of RSI is to determine whether and asset is overvalued or undervalued. In general, an asset is considered overbought when RSI is greater than 70, and oversold when RSI is less than 30. This is a dangerous rule to follow blindly though, because the rest of the context is important. Here are a couple tips/caveats: (1) Each asset has a different "normal" RSI range. i.e. one asset might be overbought at RSI = 70, but another could ride well above 70 for some time before coming down to earth. (2) The macro trend matters. A lot. Zoom out and see which way the market is trending. In a bull market, RSI may ride close to the oscillator's upper bounds and not touch "oversold" territory for a while. And vice-versa in a bear market. If the market is ranging, you can feel better about trusting the 70/30 "rule". Take a look at the charts below. In one, you see a bitcoin bull market, where BTC soars way above 70, and stays above the midpoint (50) for the duration of the run. If you had sold when bitcoin first hit "overbought" territory >70, you would have missed out on >3800% gains! In the other chart, you see the S&P500 during the 2008 bear market. We see values <30 a number of times without ever seeing anything above 70. So if you bought when the index first went below 30, you would have potentially exposed yourself to almost a 50% decline. Breakouts/Breakdowns Just like patterns in price, RSI follows trendlines and patterns as well. RSI breakouts aren't much help on their own (as it's often too late by the time you spot one), but they can help confirm price breakouts, or increase your confidence in another trading idea. What are your favorite RSI use-cases? What other indicators does it work best in confluence with? Do you have another favorite indicator that you think can contend with the king? Feel free to share your thoughts in the comments.
INDEX:BTCUSDEducation
by reees
26
Using S/R levels to draw trend lines (and) the CSC-HARSI UpdateWelcome back to the coffee shop everybody. This is just a quick update to the csc-HARSI indicator, And a video to show you how you can use its indications to draw your trend lines so you know when your price or trend is broken. So if you already have the csc-HARSI on your charts go ahead and delete it from your chart and then go through tradingview indicators and look for coffee shop crypto or the CSC-HARSI 2022. Okay okay you talked me into it here's a link. This is key to know when you are not only breaking your support and resistance levels with price but when price also breaks your trend lines which is a secondary confirmation. Add to that you can see when price will actually retrace and come back and test off of your trend line. Which is a problem that many Traders have because price actually pulls back to their support or resistance level right through it slightly and put them into fear make them get out of their trailer early thinking that price is going the other way but it's actually tracing back to a trend line that is behind your support or resistance level. This update in the CSC-HARSI comes because I was working on something in the Heiken Ashi Algo and decided to take a piece of the code that I just came up with and put it into the CSC- HARSI so you can use it now instead of waiting for the ALGO to be ready. Take a look at the video and let me know if you have any questions whatsoever. Also in this video I got a little carried away showing you my double sarcastic strategy based off the regular stochastic RSI and a stochastic which I have created. Both of the stochastics will be available in the Heiken Ashi Algo. It will not only tell you that price is moving in a particular direction but it will also tell you as soon as the momentum of that direction is diminishing so you can get out before getting caught in a trap or in a range. Knowing what to look for in this double stochastic strategy will also help you avoid getting into a bullish or bearish move that looks like the market is moving in a particular direction when it's actually moving into a liquidity trap. Don't bother going online looking for this particular double stuck hectic strategy or indicator because it doesn't exist. The only reason it doesn't exist is because again it's using a secondary stochastic which I have created Which will only be available in the Heiken Ashi Algo Oscillator.
Education
by CoffeeshopCrypto
2
RSI Crash Course - Why Most People Get REKTHere is a quick crash course on how I use the RSI along with Elliott Waves. - Using the 20, 30, 40, 60, 70, 80 levels within the context of the trend to spot entries - How to spot uptrends and downtrends with support and resistance - How to spot big 3rd wave moves - Using divergences to spot the end of a trend This can be used on any time-frame but I just use it on the daily for this example Like anything in trading, the RSI is more complex than most people first suspect. However, I hope this tutorial simplifies it enough for you to improve your trading P.S. Video cuts out part way into my example, but you get the full tutorial and setup on how I use the RSI Hope you have a great day trading, Tchau
Education
by joshuashepherd877
CSC-HARSI with Alerts for GO long or Short and when to BUYWelcome to the coffee shop everybody I am highly highly highly excited about the new developments taking place with the CoffeeShop Crypto HARSI 2022 Don't let the name of the indicator fool you it can be used on more than just crypto you can use it on all markets or any markets that you choose to use it on. As you know the indicator was released sometime ago and I really want to give a big thank you to all the people who come through Boost the script as well as use it on their charts it's really nice to see you guys doing that and I want to let you know that I get information I get indications of that taking place and I do make sure to follow you because I want to know what it is that you're up to and I want you to see what I'm up to. okay now that we're done with the introductions and all the salutations and make you feel good about yourselfes let's get into what's happening with the CSC-HARSI. Make sure to take a look at the attached video above because you're going to see and hear me discussing the new implementation of 2 types of alerts and indications that show up on the indicator itself. One indication is when it is going to be telling you to Bi-Lo another indication is going to be when it tells you to go long. That is related to people who want to go bullet in the market and Buy Low sell High. "Bi-Lo" Means that the trend is about to reverse or that if you're in a ranging Market you can buy at this very low price. Shortly after that you'll end up getting another indication saying "Go long". This means that you've already bought at the lowest possible price in a safe place and now when it says go long you can set your trade and take profit levels. So "Buy Lo" does not mean enter into the market and set your take profit it simply means that you buy shares at a low price. The other indications that will show up will be simply the reverse of that. One would say "Buy Hi" which means you just accumulate shares or coins or what have you so that you can short them later on. A little while after that you'll get another Indication that says "go Short". This means that you've already accumulated shares at a high value and now you're going to "short" them. In the attached video you'll be able to see how to use the coffee shop crypto and when and how do you use these two separate alerts for example "Bi-Lo" and "Go-Long" or "Buy-Hi" and "Go-Short" As of the recording of this video in the publication of this idea do not look for the information related to that in the coffee shop crypto heart see this is simply an idea to let you know what's coming up next. So in the meantime go ahead add to your favorites from this link and add it to your chart and when I published the new version of the code which will be with somewhere in the next 24 hours I hope you'll get an indication from tradingview and it'll say hey has been an update to this script go and get the new one. At which point you would simply delete the coffee shop crypto from your trading chart, then you would end up going to the Community Scripts and typing in CoffeeShop Crypto 2022 And re-add it to your chart. So again make sure you watch the video that's attached and if you have any questions go ahead and drop them below if you just simply excited about it go ahead link a comment about that below as well.
Education
by CoffeeshopCrypto
10
Setting Support and resistance levels using the CSC-HARSI 2022Watch the video to get FULL details and listen to some commentary. Always feel free to ask questions below. I love talking with you guys. Here is how we do it: Set your RSI and VWAP as its Moving average in the CSC-HARSI The lower the RSI setting, the more S/R levels you'll find. So don't set your RSI to a low setting on a large timeframe chart. For example: Dont set your RSI to 9 on a 1hr chart. Commonly I trade off of breaks of the 50 period EMA on my chart so i set my RSI to 50 and my chart to 1hr. 1. Setup your RSI to a 50 period length with source as CLOSE 2. RSI MA Settings: Set this to the VWAP (NOTE you can not change the RSI MA length if you set it for VWAP as it is now LOCKED to the RSI length) 3. Look for places on your CSC HARSI where the RSI and VWAP close at exactly the same level. 4. The close must results in a crossover and NOT a bounce. 5. If the Heiken Ashi close was a bullish candle, you mark a horizontal line on your chart ABOVE the candle 5a. If the Heiken Ashi close was a bearish candle, you mark a horizontal line on your chart BELOW the candle.
Education
by CoffeeshopCrypto
1
RSI Overbought & Oversold Strategy What Is the Relative Strength Index (RSI)? 1. The relative strength index (RSI) is a popular momentum oscillator introduced in 1978. 2. The RSI is displayed as an oscillator (a line graph) on a scale of zero to 100. 3. An asset is usually considered overbought when the RSI is above 70 and oversold when it is below 30. 4. The RSI line crossing below the overbought line or above the oversold line is often seen by traders as a signal to buy or sell. 5. The RSI works best in trading ranges rather than trending markets.
BINANCE:ETHUSD.PEducation
by yaser_rahmati
Price Action Ranges| Range High/Low| Deviations In this segment we will discuss the concept behind Price Action Ranges; they are periods of oscillation in the market where supply and demand is balanced. Once this occurs, there is a high probability of a price expansion out of the range. The basic concepts in price action ranges are the following: - Range High Resistance - Range Low Support - Range –Mid - Deviations Range High Resistance - This is an area on the chart where resistance is present, price action tests this area before reversing back down Range Low Support - This is an area on the chart where support is present, price action visits this area for a test before reversing back up Deviations - Deviations occur out of the region to generate liquidity, it is designed to trap trader before reversing in the opposite direction.
Education
by The_Alchemist_Trader_
RSI tipI've mentioned before how RSI only uses closing price to plot its line. This means you have to wait for price to close before the final value of the RSI is valid. A trap I've fallen into is using RSI data that isn't complete. Let me give a few examples. This weekly chart looks promising. Bullish candle and RSI increasing. A few days later after the weekly candle actually closes, not so much. Same situation happening yesterday. And now today. Obviously the weekly candle has yet to close so we can't draw any conclusions. Just wanted to point this out since it happens on all time frame.
COINBASE:BTCUSDEducation
by variousCryptos
RSI:MACD advanced indicatorgreetings, hope you're doing well and thanks for your likes and comments . Today i'm gonna teach you how to mix two indicators there's lots of indicators that you can mix together and use them, at this tutorial i'm gonna try adding MACD and RSI . 1_ Once you have added the RSI indicator, you have to open RSI settings. 2_then you have to process the way below : go to settings > go to inputs (its a tab like button above) > open source, select MACD:MACD . congrats you have mixed these two indicators, but it haven't finished. 3_ after these steps you have to go to style tab > set the upper band on number 66.66 4_ you have to turn of the check of middle band (there's no need to use it;) 5_ then, set the lower band on number 33.33; well done ! "Guys there is no any %100 true analysis" . you should buy if the RSI line goes upper than lower band, you can expect growing up the price you should sell id the RSI line goes lower than upper band, you can expect getting down the price, thanks for your likes, and comments <3 If there was any questions, i will be so glad to reply to your messages !
Education
by Trader_mehrab82
POW Edge Reversal is HERE 🚀🚀🚀🚀🚀🚀🚀We've been sharing ideas on this strategy for quite some time now as part of our 'forward testing' approach and log. In this video, I run through the strategy, how it works and how it can help. Everything we do at POW is based on 'proof it works' - this is no different and you'll see this in the data I run through for you. Any questions about gaining access please drop me a DM on here. This just shows how powerful Pine script is - to automate a strategy and confirm you have an edge in the market. Removing stress, decisions, overwhelm and all of the emotional struggles trading can bring. Let me know in the comments what you think please - be nice right 😅? Please scroll through some of my previous ideas to see some trades in action. Regards Darren
Education
by pow_removetheguesswork
7
Trading with RSI IndicatorRSI TA SETUP 1. Start a new layout on Trading View. Call it “RSI TA” to distinguish it from the rest 2. Add only the following indicators: A) Volume: straight forward, nothing to configure here B) RSI Candles: Configure it as follows: Length = 9 UpLevel = 60 DownLevel = 40 Change the Bar Colors to any colors that suit you or keep them as default if you like. I use phosphoric green for 60 (color 0) and phosphoric red for 40 (color 1) C) RSI Multi Level V3: Configure it as follows: Length = 9 Style: Plot ( I chose yellow to distinguish it from my background and the rest) Level 80 Phosphoric Green (to distinguish it from the regular green candles) Level 60 Phosphoric Red (to distinguish it from the regular red candles) Level 50 White ( I use dark mode, so white is visible. Otherwise choose black if you use light mode) Level 40 Green Level 20 Red Disable the rest READINGS: 1. Use the daily chart, don’t apply it to lower time frames. In a BULL RUN Market: - Go long after the close of the first daily phosphoric green candle. - Continue longing daily phosphoric green candles - Once the daily candle is no more phosphoric green, exit the trade. - Go long again when the candle turns phosphoric green. - Make sure you do not enter/exit a trade before a triggering phosphoric candle. In a BEAR RUN Market: - Go short after the close of the first daily phosphoric red candle. - Continue shorting daily phosphoric red candles - Once the daily candle is no more phosphoric red, exit the trade. - Go short again when the candle turns phosphoric red. - Make sure you do not enter/exit a trade before a triggering phosphoric candle. Apply the above to previous historical data to get confident about it. Observe how the signals reflect on the RSI Multi Level V3 Indicator at the bottom of the page to get an understanding of how the indicators are getting triggered. Feel free to paper trade first. And if you are margin trading, make sure you use Stop Losses.
INDEX:BTCUSDEducation
by eBlockChain