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Relative Strength Index (RSI)

EAG MACD + RSI StrategyTal vez existan scripts similares a este. Este script se basa el indicador MACD y elimina posibles entradas falsas con RSI para determinar si realiza una entrada al mercado. Explicación del código: 1. Inputs personalizables: • rsi_length: Longitud del RSI (por defecto, 14). • rsi_overbought: Nivel de sobrecompra del RSI (por defecto, 70). • rsi_oversold: Nivel de sobreventa del RSI (por defecto, 30). 2. Cálculo de indicadores: • RSI: Se calcula utilizando ta.rsi con el período definido por el usuario. • MACD: Se calcula utilizando ta.macd con parámetros estándar (12, 26, 9). Sin embargo corregí el código para que se puedan cambiar sus valores de acuerdo a la necesidad del usuario. 3. Condiciones de compra y venta: • Compra (buy_condition): Ocurre cuando el MACD cruza al alza (macd_crossup) y el RSI está en sobreventa (<= rsi_oversold). • Venta (sell_condition): Ocurre cuando el MACD cruza a la baja (macd_crossdown) y el RSI está en sobrecompra (>= rsi_overbought). 4. Órdenes de estrategia: • Se ejecuta una orden long (compra) si se cumple la condición de compra. • Se ejecuta una orden short (venta) si se cumple la condición de venta. 6. Visualización: • Se marcan en el gráfico las señales de compra y venta con flechas (plotshape). 7. Existe una variable para stop loss que por defecto se encuentra en 3%. Si el mercado se va en dirección contraria y sobrepasa el porcentaje específico, con strategy.close ejecuta una orden de mercado en la dirección en la que va. (Cierra la orden actual en el porcentaje de perdida especificado y abre una nueva en la dirección que va) 1. Stop Loss dinámico del 3% por defecto: • El usuario puede configurar el porcentaje de pérdida máxima permitida con el input stop_loss_percent (por defecto 3%). • Calculamos el nivel de stop loss: • Para posiciones largas: entry_price * (1 - stop_loss_percent / 100) • Para posiciones cortas: entry_price * (1 + stop_loss_percent / 100). • Si el precio actual supera esos niveles de pérdida, se ejecuta un strategy.close. 2. Registro del precio de entrada: • Usamos una variable global entry_price para almacenar el precio al momento de abrir una posición. 3. Cierre automático de posiciones: • Se verifica constantemente si el precio actual alcanza el nivel de stop loss y se cierra la posición abriendo una nueva con un comentario (Stop loss).Si no desea abrir una posición nueva para aprovechar el movimiento contrario, sino, cerrarla, puede cambiar el stop loss strategy.close por strategy.exit en el script.
Pine Script™ strategy
by eagle916
5
3-Conf Buy Sell: MACD + RSI + ALMA + Bollinger Zones [S-REZVANI]Indicator Title: "Triple-Confluence Signals: MACD + RSI + ALMA + Bollinger Zones " Indicator Overview This advanced trading system combines 4 powerful technical tools (MACD, RSI, ALMA, and Dual-Layer Bollinger Bands) to identify high-probability entries with multiple confirmation filters. Unique "Bollinger Zones" provide visual market context, while color-coded signals highlight precise entry points. Core Components MACD Momentum Engine Customizable fast/slow/signal lengths (default 12/26/9) Bullish signals when MACD line crosses ABOVE signal line Bearish signals when MACD line crosses BELOW signal line RSI Threshold Filter Adaptive RSI length (default 14 periods) Buy signals require RSI > 55 (bullish momentum) Sell signals require RSI < 45 (bearish momentum) ALMA Trend Confirmation Arnaud Legoux Moving Average (20-period default) Acts as dynamic support/resistance filter Requires price position relative to ALMA for valid signals Bollinger Band Zones Dual-layer bands with 2.2σ and 3.0σ deviations Red Zone (Upper): High volatility resistance area Yellow Zone (Lower): Potential mean-reversion support Gray area between = "Equilibrium Zone" Signal Logic ✅ Buy Triggers MACD Bullish Crossover RSI > 55 (bullish momentum confirmation) Price ABOVE ALMA (trend alignment) ▲ Blue triangle below price bar ✅ Sell Triggers MACD Bearish Crossover RSI < 45 (bearish momentum confirmation) Price BELOW ALMA (trend alignment) ▼ Orange triangle above price bar Key Features 🔹 Dual Bollinger Band System Inner Bands (2.2σ): Early warning levels Outer Bands (3.0σ): Extreme volatility markers Colored zones highlight potential reversal areas 🔹 Smart Signal Filtering Requires alignment of momentum (RSI), trend (ALMA), and MACD Eliminates false signals in ranging markets 🔹 Visual Optimization Colored candlesticks (blue = bullish bias, red = bearish bias) Transparent zones for clear price context Compact signal markers avoid chart clutter Input Parameters MACD Settings: Fast/Slow/Signal lengths RSI Settings: Period length, threshold level ALMA Settings: Length, smoothing factor Bollinger Bands: Length, dual deviation multipliers Visuals: Toggle zones/signals, adjust colors Usage Recommendations Best Timeframes: 1H-4H charts for swing trading Pair With: Volume analysis or Fibonacci levels Risk Management: Use outer Bollinger bands as stop-loss guides Inner bands as profit-taking targets Market Conditions: Strong trends: Follow directional signals Range markets: Fade signals at Bollinger extremes Why Traders Love This "The Bollinger Zones add crucial context missing in most signal indicators. I use the red zone as a 'danger area' for longs and the yellow zone as bargain-hunting territory." - Beta Tester Alert Setup Tip: Create separate alerts for buy/sell signals with message templates like: "Bullish Signal {{ticker}} @ {{close}}" "Bearish Signal {{ticker}} - Consider short" Created by S-Rezvani | TradingView Community Pro Tip: Combine with volume spikes for explosive move confirmation! 🚀
Pine Script™ indicator
by momoirse
1
Waldo RSI :oWaldo RSI :o Indicator Guide The Waldo RSI :o indicator is designed to complement the "Waldo RSI Overlay :o" by providing an RSI-based analysis on TradingView, focusing on macro shifts in market trends. Here's a comprehensive guide on how to use this indicator: Key Features: RSI Settings: RSI Source: Choose from ON RSI, ON HIGH, ON LOW, ON CLOSE, or ON OPEN to determine how RSI calculates pivots. RSI Settings: Source: Default is (H+L)/2, but you can select any price for RSI calculation. Length: Default RSI length is 7, which can be adjusted for sensitivity. Trend Lines: Show Trend Lines: Option to display trend lines based on RSI pivot points. Zigzag Length: Determines pivot point sensitivity. Confirm Length: Validates pivot points (default is 3). Colors: Customize colors for Higher Highs (HH), Lower Highs (LH), Higher Lows (HL), and Lower Lows (LL) on the RSI. Label Size and Line Width: Adjust the appearance of labels and lines. Divergences: Classic Divergences: Show Classic Div: Toggle to reveal divergences where RSI and price move in opposite directions. Colors: Set different colors for bullish and bearish divergence indicators. Transparency and Line Width: Control the visual impact of divergence signals. Hidden Divergences: Similar settings for identifying hidden divergences, suggest trend continuation. Breakout/Breakdown: Show Breakout/Breakdown: Generates signals for RSI breakouts or breakdowns, used by "Waldo RSI Overlay :o" for visual chart signals. Overbought/Oversold Zones: Show Overbought and OverSold Zones: Highlights when RSI goes above 70 (overbought) or below 30 (oversold). Moving Averages on RSI: The default Moving Average (MA) settings are tailored to capture macro shifts in market trends: Show Moving Averages: Option to overlay two MAs on the RSI for trend confirmation: Fast RSI MA: RSI Period: 50 (this is the period over which the RSI is calculated). MA Length: 50 (the number of periods used for the moving average of the RSI). Slow RSI MA: RSI Period: 50 (same as fast for consistency in RSI calculation). MA Length: 200 (longer term for capturing broader trends). Crossover Signals: The RSI changes color from red to green based on these moving average crossovers: When the Fast MA (50 period) crosses above the Slow MA (200 period), the RSI turns green, indicating potential bullish conditions or momentum shift. Conversely, when the Fast MA crosses below the Slow MA, the RSI turns red, suggesting bearish conditions or a shift back towards a downtrend. This 50-period RSI crossover setting is used to identify overall macro shifts in the market, providing a clear visual cue for traders looking at longer-term trends. Ghost Lines (Optional): Ghost Lines: Option to limit how far RSI trend lines extend, helping to keep the chart less cluttered. How to Use the Indicator: Setup: Configure RSI by choosing the source and setting the length to match your trading style. Set the zigzag and confirm lengths for appropriate pivot detection. Trend Analysis: Monitor the RSI for trend changes using the colored trend lines and labels. Divergence Detection: Look for RSI and price divergences to anticipate potential reversals or continuations. Breakout/Breakdown: Use these signals in conjunction with "Waldo RSI Overlay :o" for price action confirmation. Overbought/Oversold: Identify when the market might be due for a correction or continued momentum. Moving Averages: Focus on the color changes in RSI to understand macro trend shifts with the default 50/200 period setup. Ghost Lines: Enable for a cleaner chart if you don't need trend lines extending indefinitely. Usage Tips: Combine with other indicators for confirmation, as no single tool is foolproof. Adjust settings to suit different market conditions or trading timeframes. Use in tandem with "Waldo RSI Overlay :o" for a full trading signal system. Remember, trading involves significant risk, and historical data does not guarantee future performance. Use this indicator as part of a broader trading strategy.
Pine Script™ indicator
by RSI_Trading_Concepts
Waldo RSI Overlay :oWaldo RSI Overlay :o Indicator Guide Welcome to the guide for the Waldo RSI Overlay :o indicator on TradingView. This tool enhances your trading analysis through RSI-based overlays for trend analysis, divergence detection, and breakout/breakdown signals when used with its companion indicator, Waldo RSI :o. Key Features: RSI Overlay: • RSI Source: Choose from: o ON RSI: Uses the RSI values directly to detect pivots, focusing on RSI highs and lows for trend analysis. o ON HIGH, ON CLOSE, ON LOW, ON OPEN: These options base pivot detection on price action at those specific points, offering an alternative market structure view. • RSI Settings: o Source: Default is (H+L)/2, but you can select any price for RSI calculation. o Length: Default RSI length is 7, which you can adjust for sensitivity. Trend Lines: • Show Trend Lines: Toggle to display trend lines based on pivot points. • Zigzag Length: Sets the sensitivity of pivot point detection. • Confirm Length: Ensures the validity of pivot points (default is 3). • Colors: Customize colors for Higher Highs (HH), Lower Highs (LH), Higher Lows (HL), and Lower Lows (LL). • Transparency and Line Width: Control how trend lines and fills appear. • Label Size: Adjust the size of labels identifying pivot points. Divergences: • Classic Divergences: o Show Classic Div: Enable to highlight regular divergences where price and RSI move in opposite directions. o Colors: Define colors for bullish and bearish divergence lines and labels. o Transparency and Line Width: Adjust the visual impact of divergence signals. • Hidden Divergences: o Similar settings as classic, but these highlight divergences indicating trend continuation. Breakout/Breakdown: • Show Breakout/Breakdown: When activated, this feature signals when the price breaks through previous highs or lows. To activate these breakouts, you need the companion indicator Waldo RSI :o, select the SRC in the External section, and select the crossovers for each one. This combination provides RSI confirmation for breakout/breakdown events. Overbought/Oversold Zones: • Show Overbought and Oversold Zones: Bars are colored when RSI exceeds 70 (purple) or falls below 30 (blue), indicating potential market extremes. Moving Averages (Optional): • Show Moving Averages: Option to overlay two moving averages for trend confirmation. • Source, Type, Length: Customize each MA's configuration. Ghost Lines (Optional): • Ghost Lines: When enabled, trend lines extend for only a specified period (Ghost Length) instead of indefinitely. How to Use the Indicator: 1. Setup: o Configure RSI settings by choosing the RSI Source and adjusting the RSI Length to suit your trading style. o Set the Zigzag Length and Confirm Length for trend line sensitivity based on market volatility. 2. Trend Analysis: o Look at the colored horizontal lines and fills for HH, LH, HL, LL to discern market structure and potential reversal points. 3. Divergence Detection: o Identify divergences where price and RSI diverge. Regular divergences might signal trend exhaustion, while hidden ones could indicate trend persistence. 4. Breakout/Breakdown Signals: o Ensure you have both the Waldo RSI Overlay :o and Waldo RSI :o indicators applied. Green triangles below bars signal breakouts; red ones above indicate breakdowns, based on price movement with RSI confirmation from the companion indicator. 5. Overbought/Oversold: o Use these colored zones to spot potential momentum shifts or reversal areas. 6. Moving Averages on RSI: o If used, these can help confirm trends or identify crossover signals for additional trade confirmation. 7. Ghost Lines: o For a less cluttered chart, enable this to limit how far trend lines extend. Tips for Usage: • Always combine this indicator with other analytical tools for better confirmation. No single indicator should guide all decisions. • Adjust settings according to the asset's behavior and your trading timeframe. • Regularly review your settings as market dynamics change. Remember, trading involves risk, and past performance doesn't predict future outcomes. Use this indicator within a comprehensive trading strategy.
Pine Script™ indicator
by RSI_Trading_Concepts
Buy-Sell Signals MACD+RSI [S-REZVANI]Indicator Description: "Buy-Sell Signals MACD+RSI " Overview: This indicator combines the power of MACD, RSI, and a smoothed ALMA moving average to generate precise buy/sell signals. Designed for traders seeking confluence across momentum and trend-following tools, it highlights entry points with colored candlesticks and clear triangular markers, while minimizing false signals through multi-condition filtering. How It Works MACD Crossover: Triggers potential signals when the MACD line crosses above/below its signal line. Histogram color changes reflect bullish/bearish momentum shifts. RSI Threshold Confirmation: Buy: RSI (6-period) must rise above a user-defined threshold (default: 55) to confirm strength. Sell: RSI must drop below 100 - threshold (default: 45) to confirm weakness. ALMA Dynamic Support/Resistance: Uses an Arnaud Legoux Moving Average (ALMA) with customizable smoothing to act as a dynamic filter. Buy signals require price to close above the ALMA; sell signals require closing below. Key Features ✅ Triple Confirmation System: Combines MACD crossovers, RSI thresholds, and ALMA trend alignment. ✅ Customizable Inputs: Adjust EMA periods, RSI length, and threshold levels to fit any strategy. ✅ Visual Clarity: Colored Candles: Blue for bullish bias, red for bearish bias, and neutral fading otherwise. Triangle Markers: Clear buy (▲) and sell (▼) signals below/above price bars. ✅ TradingView Alerts: Built-in alerts notify you instantly when new signals appear. Input Parameters EMA-0: ALMA period (default: 9). EMA-0 Smoother: ALMA smoothing factor (default: 3). RSI Length: RSI calculation period (default: 6). RSI Threshold: Key level for confirming strength/weakness (default: 55). Usage Guidelines Bullish Entry: Blue candle + ▲ triangle appears when: MACD Bullish Crossover + RSI > Threshold + Price > ALMA. Bearish Entry: Red candle + ▼ triangle appears when: MACD Bearish Crossover + RSI < (100 - Threshold) + Price < ALMA. Best Suited For: Swing trading or trend-following strategies on 1H+ timeframes. Why This Indicator? By requiring alignment across three distinct technical tools, this script filters out noise and focuses on high-probability setups. Its clean visual design ensures easy interpretation, while customizable settings allow adaptation to volatile or ranging markets. Note: Pair with risk management tools (stop-loss, take-profit) and backtest strategies for optimal results. Created by S-Rezvani | TradingView Community 🚀 Tip: Combine with volume analysis or support/resistance levels for added confirmation!
Pine Script™ indicator
by momoirse
1
Elite MA & RSI Dashboard¡Presentamos el "Ultimate Moving Averages + RSI Pro" para TradingView! 🚀 ¿Estás listo para llevar tu análisis técnico al siguiente nivel? Con el Ultimate Moving Averages + RSI Pro, tendrás una poderosa herramienta que combina 5 medias móviles personalizables y un RSI flotante para que puedas tomar decisiones más informadas y oportunas en tus operaciones. ¡Este indicador está diseñado para traders como tú, que buscan claridad, flexibilidad y precisión en su análisis!
Pine Script™ indicator
by crismisio8787
RSI MACD Combined Color StrategyOverview This indicator combines RSI and MACD signals to create a powerful visual trading system, inspired by TrendSpider's AI Strategy Coder examples. It colors candles based on the alignment of three key technical conditions, providing clear visual signals for potential trend strength and direction. Technical Components Core Conditions RSI (Relative Strength Index) > 50 Indicates bullish momentum when price is trading above the centerline Traditional indicator of trend strength MACD Line > Signal Line Shows positive momentum Classic signal for potential upward movement MACD Line > 0 Confirms bullish territory Indicates overall positive momentum Color Coding System 🟢 Green Candles: All three conditions are met Strongest bullish signal Suggests high probability trading opportunities ⚪ Grey Candles: One or two conditions are met Neutral or transitioning market Suggests caution or waiting for stronger confirmation 🔴 Red Candles: No conditions are met Bearish signal Suggests potential downward pressure How to Use This Indicator For Entry Signals Look for transitions from red or grey to green candles Green candles suggest strong bullish alignment Consider entering long positions when candles turn green For Exit Signals Watch for color transitions from green to grey or red Consider taking profits when candles change from green to grey Consider stop losses when candles turn red Risk Management Use color transitions as part of your broader strategy Don't rely solely on color changes for trading decisions Combine with other technical analysis tools and risk management practices Customizable Parameters RSI Length (default: 14) MACD Fast Length (default: 12) MACD Slow Length (default: 26) MACD Signal Length (default: 9) Best Practices Use multiple timeframes for confirmation Look for confluences with support/resistance levels Consider volume and market context Start with default settings and adjust based on your trading style Backtest different parameter combinations Notes This indicator works best in trending markets Grey candles can indicate transition periods Consider market conditions and volatility when interpreting signals Credits Inspired by TrendSpider's AI Strategy Coder examples and adapted for TradingView using Pine Script v5. Disclaimer This technical indicator is for informational purposes only. Always conduct your own analysis and consider risk management principles before making trading decisions. Past performance does not guarantee future results.
Pine Script™ indicator
by StratFactory
PV's Dual RSI Crossover StrategyIntroduction to the Dual RSI Two-Cross Indicator The Relative Strength Index (RSI) is a widely used technical indicator in finance that measures the magnitude of recent price changes to determine overbought or oversold conditions. The RSI Two-Cross indicator takes this concept a step further by introducing a unique twist: it plots two RSI lines with different lengths and generates alerts based on their crossovers. Key Features: Dual RSI Lines: The indicator plots two RSI lines with user-defined lengths, allowing traders to compare the short-term and long-term momentum of an asset. Crossover Alerts: The indicator generates alerts when the shorter RSI line crosses above or below the longer RSI line, indicating potential trend reversals or continuations. Customizable Parameters: Users can adjust the lengths of the RSI lines, oversold and overbought levels, and other parameters to suit their trading strategy and asset of choice. Visual Aids: The indicator features colored bars and backgrounds to highlight crossover events, making it easy to identify trading opportunities at a glance. Trading Applications: Trend Reversal Detection: The RSI Two-Cross indicator can help traders identify potential trend reversals by monitoring crossovers between the two RSI lines. Momentum Confirmation: The indicator can be used to confirm momentum shifts in an asset's price, helping traders to filter out false signals and make more informed trading decisions. Scalping and Day Trading: The indicator's short-term focus makes it suitable for scalping and day trading strategies, where traders aim to capitalize on small price movements. By combining the versatility of the RSI with the power of crossover analysis, the RSI Two-Cross indicator offers a unique perspective on market momentum and trend dynamics. Whether you're a seasoned trader or just starting out, this indicator can help you navigate the markets with greater confidence and precision.
Pine Script™ indicator
by pvharipkd
RSI Volatility Suppression Zones [BigBeluga]RSI Volatility Suppression Zones is an advanced indicator that identifies periods of suppressed RSI volatility and visualizes these suppression zones on the main chart. It also highlights breakout dynamics, giving traders actionable insights into potential market momentum. 🔵 Key Features: Detection of Suppression Zones: Identifies periods where RSI volatility is suppressed and marks these zones on the main price chart. Breakout Visualization: When the price breaks above the suppression zone, the box turns aqua, and an upward label is drawn to indicate a bullish breakout. If the price breaks below the zone, the box turns purple, and a downward label is drawn for a bearish breakout. Breakouts accompanied by a "+" label represent strong moves caused by short-lived, tight zones, signaling significant momentum. Wave Labels for Consolidation: If the suppression zone remains unbroken, a "wave" label is displayed within the gray box, signifying continued price stability within the range. Gradient Intensity Below RSI: A gradient strip below the RSI line increases in intensity based on the duration of the suppressed RSI volatility period. This visual aid helps traders gauge how extended the low volatility phase is. 🔵 Usage: Identify Breakouts: Use color-coded boxes and labels to detect breakouts and their direction, confirming potential trend continuation or reversals. Evaluate Market Momentum: Leverage "+" labels for strong breakout signals caused by short suppression phases, indicating significant market moves. Monitor Price Consolidation: Observe gray boxes and wave labels to understand ongoing consolidation phases. Analyze RSI Behavior: Utilize the gradient strip to measure the longevity of suppressed volatility phases and anticipate breakout potential. RSI Volatility Suppression Zones provides a powerful visual representation of RSI volatility suppression, breakout signals, and price consolidation, making it a must-have tool for traders seeking to anticipate market movements effectively.
Pine Script™ indicator
by BigBeluga
15
RShar Seasonal RSISeasonal RSI This indicator, Seasonal RSI, is designed to enhance trading decisions by combining the **Relative Strength Index (RSI)** with insights derived from historical **seasonality patterns**. It not only calculates RSI but also overlays seasonality data for the current week of the year, providing traders with a more contextualized view of market conditions. --- ### **Key Features** #### 1. **Relative Strength Index (RSI) Calculation** - The script calculates the RSI for a user-defined period (`RSI Length`), which is an oscillator used to measure the speed and magnitude of price changes. - RSI values are plotted on the chart, helping traders identify **overbought** and **oversold** conditions. - Thresholds for **Overbought** and **Oversold** levels are customizable, with default values of 70 and 30, respectively. --- #### 2. **Dynamic RSI Coloring Based on Seasonality** - The color of the RSI line dynamically adjusts based on historical **win rates** for the current week of the year: - **Bright Green** for win rates > 65%. - **Green** for win rates between 50-65%. - **Red** for win rates between 35-50%. - **Dark Red** for win rates < 35%. - This feature gives traders a quick visual cue about whether the historical performance of the current week tends to be bullish, neutral, or bearish. --- #### 3. **Overbought and Oversold Level Visualization** - Overbought and oversold levels are displayed as dotted horizontal lines on the RSI chart. - These levels act as visual guides for potential price reversals: - **Overbought (default 70)**: Indicates potential selling pressure. - **Oversold (default 30)**: Indicates potential buying pressure. --- #### 4. **Seasonality Data Integration** - Historical **seasonality data** is used to analyze price performance patterns for each week of the year: - **Win Rate**: The percentage of years in which prices closed higher during the current week. - **Average Weekly Change**: The average price percentage change during the current week over historical data. - This data provides additional context to RSI readings, helping traders align their strategies with seasonal tendencies. --- #### 5. **Information Table Overlay** - A table is displayed in the **top-right corner** of the chart, summarizing seasonality data for the current week: - **Week Win Rate**: Displays the percentage of historical years where prices rose during this week. - **Avg Weekly Change**: Shows the average percentage price change for the current week. Positive values are displayed in green, and negative values are shown in red. - This overlay provides actionable insights without cluttering the chart. --- ### **How It Works** 1. **Seasonality Data**: - A function (`getSeasonalityForWeek`) fetches or uses predefined mock seasonality data for each week of the year. - For each week, it calculates: - The **Win Rate** (percentage of years with positive performance). - The **Mean Change** (average price percentage change). 2. **RSI Plot**: - The RSI line is plotted on the chart. - The line's color is determined by the win rate for the current week, providing a visual representation of historical performance trends. 3. **Threshold Visualization**: - Horizontal lines for overbought and oversold levels are drawn to assist in identifying potential reversal points. 4. **Information Table**: - The table summarizes the current week's seasonality data for quick reference, helping traders make data-driven decisions. --- ### **Use Cases** - **Short-Term Traders**: Use the dynamic RSI colors and seasonality table to align short-term trades with historical patterns of weekly performance. - **Swing Traders**: Identify whether a stock or market is in an overbought/oversold condition while considering the seasonal tendency for the week. - **Contextual Decision-Making**: Combine traditional RSI signals with historical data to reduce false signals and improve timing. --- ### **Limitations** - The script uses **mock seasonality data** in its default state. To make it fully functional, replace the mock data with actual historical performance metrics for your specific ticker or market. - The indicator does not fetch real-time external data due to Pine Script’s limitations, so all seasonality data must be manually updated or hardcoded. --- This indicator provides a powerful way to combine technical analysis with historical trends, offering a unique edge to traders by adding seasonal context to RSI signals.
Pine Script™ indicator
by RShar_Capital
MA RSI MACD Signal SuiteThis Pine Script™ is designed for use in Trading View and generates trading signals based on moving average (MA) crossovers, RSI (Relative Strength Index) signals, and MACD (Moving Average Convergence Divergence) indicators. It provides visual markers on the chart and can be configured to suit various trading strategies. 1. Indicator Overview The indicator includes signals for: Moving Averages (MA): It tracks crossovers between different types of moving averages. RSI: Signals based on RSI crossing certain levels or its signal line. MACD: Buy and sell signals generated by MACD crossovers. 2. Inputs and Customization Moving Averages (MAs): You can customize up to 6 moving averages with different types, lengths, and colors. MA Type: Choose from different types of moving averages: SMA (Simple Moving Average) EMA (Exponential Moving Average) HMA (Hull Moving Average) SMMA (RMA) (Smoothed Moving Average) WMA (Weighted Moving Average) VWMA (Volume Weighted Moving Average) T3, DEMA, TEMA Source: Select the price to base the MA on (e.g., close, open, high, low). Length: Define the number of periods for each moving average. Examples: MA1: Exponential Moving Average (EMA) with a period of 9 MA2: Exponential Moving Average (EMA) with a period of 21 RSI Settings: RSI is calculated based on a user-defined period and is used to identify potential overbought or oversold conditions. RSI Length: Lookback period for RSI (default 14). Overbought Level: Defines the overbought threshold for RSI (default 70). Oversold Level: Defines the oversold threshold for RSI (default 30). You can also adjust the smoothing for the RSI signal line and customize when to trigger buy and sell signals based on the RSI crossing these levels. MACD Settings: MACD is used for identifying changes in momentum and trends. Fast Length: The period for the fast moving average (default 12). Slow Length: The period for the slow moving average (default 26). Signal Length: The period for the signal line (default 9). Smoothing Method: Choose between SMA or EMA for both the MACD and the signal line. 3. Signal Logic Moving Average (MA) Crossover Signals: Crossover: A bullish signal is generated when a fast MA crosses above a slow MA. Crossunder: A bearish signal is generated when a fast MA crosses below a slow MA. The crossovers are plotted with distinct colors, and the chart will display markers for these crossover events. RSI Signals: Oversold Crossover: A bullish signal when RSI crosses over its signal line below the oversold level (30). Overbought Crossunder: A bearish signal when RSI crosses under its signal line above the overbought level (70). RSI signals are divided into: Aggressive (Early) Entries: Signals when RSI is crossing the oversold/overbought levels. Conservative Entries: Signals when RSI confirms a reversal after crossing these levels. MACD Signals: Buy Signal: Generated when the MACD line crosses above the signal line (bullish crossover). Sell Signal: Generated when the MACD line crosses below the signal line (bearish crossunder). Additionally, the MACD histogram is used to identify momentum shifts: Rising to Falling Histogram: Alerts when the MACD histogram switches from rising to falling. Falling to Rising Histogram: Alerts when the MACD histogram switches from falling to rising. 4. Visuals and Alerts Plotting: The script plots the following on the price chart: Moving Averages (MA): The selected MAs are plotted as lines. Buy/Sell Shapes: Triangular markers are displayed for buy and sell signals generated by RSI and MACD. Crossover and Crossunder Markers: Crosses are shown when two MAs crossover or crossunder. Alerts: Alerts can be configured based on the following conditions: RSI Signals: Alerts for oversold or overbought crossover and crossunder events. MACD Signals: Alerts for MACD line crossovers or momentum shifts in the MACD histogram. Alerts are triggered when specific conditions are met, such as: RSI crosses over or under the oversold/overbought levels. MACD crosses the signal line. Changes in the MACD histogram. 5. Example Usage 1. Trend Reversal Setup: Buy Signal: Use the RSI oversold crossover and MACD bullish crossover to identify potential entry points in a downtrend. Sell Signal: Use the RSI overbought crossunder and MACD bearish crossunder to identify potential exit points or short entries in an uptrend. 2. Momentum Strategy: Combine MACD and RSI signals to identify the strength of a trend. Use MACD histogram analysis and RSI levels for confirmation. 3. Moving Average Crossover Strategy: Focus on specific MA crossovers, such as the 9-period EMA crossing above the 21-period EMA, for buy signals. When a longer-term MA (e.g., 50-period) crosses a shorter-term MA, it may indicate a strong trend change. 6. Alerts Conditions The script includes several alert conditions, which can be triggered and customized based on the user’s preferences: RSI Oversold Crossover: Alerts when RSI crosses over the signal line below the oversold level (30). RSI Overbought Crossunder: Alerts when RSI crosses under the signal line above the overbought level (70). MACD Buy/Sell Crossover: Alerts when the MACD line crosses the signal line for a buy or sell signal. 7. Conclusion This script is highly customizable and can be adjusted to suit different trading strategies. By combining MAs, RSI, and MACD, traders can gain multiple perspectives on the market, enhancing their ability to identify potential buy and sell opportunities.
Pine Script™ indicator
by ask2maniish
MTF RSI CandlesThis Pine Script indicator is designed to provide a visual representation of Relative Strength Index (RSI) values across multiple timeframes. It enhances traditional candlestick charts by color-coding candles based on RSI levels, offering a clearer picture of overbought, oversold, and sideways market conditions. Additionally, it displays a hoverable table with RSI values for multiple predefined timeframes. Key Features 1. Candle Coloring Based on RSI Levels: Candles are color-coded based on predefined RSI ranges for easy interpretation of market conditions. RSI Levels: 75-100: Strongest Overbought (Green) 65-75: Stronger Overbought (Dark Green) 55-65: Overbought (Teal) 45-55: Sideways (Gray) 35-45: Oversold (Light Red) 25-35: Stronger Oversold (Dark Red) 0-25: Strongest Oversold (Bright Red) 2. Multi-Timeframe RSI Table: Displays RSI values for the following timeframes: 1 Min, 2 Min, 3 Min, 4 Min, 5 Min 10 Min, 15 Min, 30 Min, 1 Hour, 1 Day, 1 Week Helps traders identify RSI trends across different time horizons. 3. Hoverable RSI Values: Displays the RSI value of any candle when hovering over it, providing additional insights for analysis. Inputs 1. RSI Length: Default: 14 Determines the calculation period for the RSI indicator. 2. RSI Levels: Configurable thresholds for RSI zones: 75-100: Strongest Overbought 65-75: Stronger Overbought 55-65: Overbought 45-55: Sideways 35-45: Oversold 25-35: Stronger Oversold 0-25: Strongest Oversold How It Works: 1. RSI Calculation: The RSI is calculated for the current timeframe using the input RSI Length. It is also computed for 11 additional predefined timeframes using request.security. 2. Candle Coloring: Candles are colored based on their RSI values and the specified RSI levels. 3. Hoverable RSI Values: Each candle displays its RSI value when hovered over, via a dynamically created label. Multi-Timeframe Table: A table at the bottom-left of the chart displays RSI values for all predefined timeframes, making it easy to compare trends. Usage: 1. Trend Identification: Use candle colors to quickly assess market conditions (overbought, oversold, or sideways). 2. Timeframe Analysis: Compare RSI values across different timeframes to determine long-term and short-term momentum. 3. Signal Confirmation: Combine RSI signals with other indicators or patterns for higher-confidence trades. Best Practices Use this indicator in conjunction with volume analysis, support/resistance levels, or trendline strategies for better results. Customize RSI levels and timeframes based on your trading strategy or market conditions. Limitations RSI is a lagging indicator and may not always predict immediate market reversals. Multi-timeframe analysis can lead to conflicting signals; consider your trading horizon.
Pine Script™ indicator
by ask2maniish
Red Pill VWAP/RSI DivergenceI created this indicator to identify moments in time VWAP and RSI are diverging. Ideally useful in strong trend, bullish or bearish, as a potential entry point on a pull back for continuation. Not to be used as a stand alone signal, but rather in conjunction with any possible trend/momentum strategy. VWAP is identified as the blue line. Green label(blue pill) is your potential entry on a pull back when price is above, stacked EMAS & VWAP for a long position. Red label(red pill) is your potential entry on a pull back when price is below inversely stacked EMAS & VWAP for a short position. These are the 2 ideal scenarios I have found. Please back test for yourself I have had great results but must emphasis this is not a stand alone buy/sell. I use it in confluence to add conviction to my current A+ setups. ***Pivot ribbon in chart created by Saty Mahajan set to 3/10 time warp works ideal in conjunction. ***please note false positive and false negative signals can occur, particularly in chop I hope you find this helpful . TRADE SAFE!
Pine Script™ indicator
by Morpheus835
8
Xmaster Formula Indicator [TradingFinder] No Repaint Strategies🔵 Introduction The Xmaster Formula Indicator is a powerful tool for forex trading, combining multiple technical indicators to provide insights into market trends, support and resistance levels, and price reversals. Developed in the early 2010s, it is widely valued for generating reliable buy and sell signals. Key components include Exponential Moving Averages (EMA) for identifying trends and price momentum, and MACD (Moving Average Convergence Divergence) for analyzing trend strength and direction. The Stochastic Oscillator and RSI (Relative Strength Index) enhance accuracy by signaling potential price reversals. Additionally, the Parabolic SAR assists in identifying trend reversals and managing risk. By integrating these tools, the Xmaster Formula Indicator provides a comprehensive view of market conditions, empowering traders to make informed decisions. 🔵 How to Use The Xmaster Formula Indicator offers two distinct methods for generating signals: Standard Mode and Advance Mode. Each method caters to different trading styles and strategies. Standard Mode : In Standard Mode, the indicator uses normalized moving average data to generate buy and sell signals. The difference between the short-term (10-period) and long-term (38-period) EMAs is calculated and normalized to a 0-100 scale. Buy Signal : When the normalized value crosses above 55, accompanied by the trend line turning green, a buy signal is generated. Sell Signal : When the normalized value crosses below 45, and the trend line turns red, a sell signal is issued. This mode is simple, making it ideal for traders looking for straightforward signals without the need for additional confirmations. Advance Mode : Advance Mode combines multiple technical indicators to provide more detailed and robust signals. This method analyzes trends by incorporating : 🟣 MACD Buy Signal : When the MACD histogram bars are positive. Sell Signal : When the MACD histogram bars are negative. 🟣 RSI Buy Signal : When RSI is below 30, indicating oversold conditions. Sell Signal : When RSI is above 70, suggesting overbought conditions. 🟣 Stochastic Oscillator Buy Signal : When Stochastic is below 20. Sell Signal : When Stochastic is above 80. 🟣 Parabolic SAR Buy Signal : When SAR is below the price. Sell Signal : When SAR is above the price. A signal is generated in Advance Mode only when all these indicators align : Buy Signal : All conditions point to a bullish trend. Sell Signal : All conditions indicate a bearish trend. This mode is more comprehensive and suitable for traders who prefer deeper analysis and stronger confirmations before executing trades. 🔵 Settings Method : Choose between "Standard" and "Advance" modes to determine how signals are generated. In Standard Mode, signals are based on normalized moving average data, while in Advance Mode, signals rely on the combination of MACD, RSI, Stochastic Oscillator, and Parabolic SAR. Moving Average Settings : Short Length : The period for the short-term EMA (default is 10). Mid Length : The period for the medium-term EMA (default is 20). Long Length : The period for the long-term EMA (default is 38). MACD Settings : Fast Length : The period for the fast EMA in the MACD calculation (default is 12). Slow Length : The period for the slow EMA in the MACD calculation (default is 26). Signal Line : The signal line period for MACD (default is 9). Stochastic Settings : Length : The period for the Stochastic Oscillator (default is 14). RSI Settings : Length : The period for the Relative Strength Index (default is 14). 🔵 Conclusion The Xmaster Formula Indicator is a versatile and reliable tool for forex traders, offering both simplicity and advanced analysis through its Standard and Advance modes. In Standard Mode, traders benefit from straightforward signals based on normalized moving average data, making it ideal for quick decision-making. Advance Mode, on the other hand, provides a more detailed analysis by combining multiple indicators like MACD, RSI, Stochastic Oscillator, and Parabolic SAR, delivering stronger confirmations for critical market decisions. While the Xmaster Formula Indicator offers valuable insights and reliable signals, it is important to use it alongside proper risk management and other analytical methods. By leveraging its capabilities effectively, traders can enhance their trading strategies and achieve better outcomes in the dynamic forex market.
Pine Script™ indicator
by TFlab
Big Candle Identifier with RSI Divergence and Advanced Stops1. Strategy Objective The main goal of this strategy is to: Identify significant price momentum (big candles). Enter trades at opportune moments based on market signals (candlestick patterns and RSI divergence). Limit initial risk through a fixed stop loss. Maximize profits by using a trailing stop that activates only after the trade moves a specified distance in the profitable direction. 2. Components of the Strategy A. Big Candle Identification The strategy identifies big candles as indicators of strong momentum. A big candle is defined as: The body (absolute difference between close and open) of the current candle (body0) is larger than the bodies of the last five candles. The candle is: Bullish Big Candle: If close > open. Bearish Big Candle: If open > close. Purpose: Big candles signal potential continuation or reversal of trends, serving as the primary entry trigger. B. RSI Divergence Relative Strength Index (RSI): A momentum oscillator used to detect overbought/oversold conditions and divergence. Fast RSI: A 5-period RSI, which is more sensitive to short-term price movements. Slow RSI: A 14-period RSI, which smoothens fluctuations over a longer timeframe. Divergence: The difference between the fast and slow RSIs. Positive divergence (divergence > 0): Bullish momentum. Negative divergence (divergence < 0): Bearish momentum. Visualization: The divergence is plotted on the chart, helping traders confirm momentum shifts. C. Stop Loss Initial Stop Loss: When entering a trade, an immediate stop loss of 200 points is applied. This stop loss ensures the maximum risk is capped at a predefined level. Implementation: Long Trades: Stop loss is set below the entry price at low - 200 points. Short Trades: Stop loss is set above the entry price at high + 200 points. Purpose: Prevents significant losses if the price moves against the trade immediately after entry. D. Trailing Stop The trailing stop is a dynamic risk management tool that adjusts with price movements to lock in profits. Here’s how it works: Activation Condition: The trailing stop only starts trailing when the trade moves 200 ticks (profit) in the right direction: Long Position: close - entry_price >= 200 ticks. Short Position: entry_price - close >= 200 ticks. Trailing Logic: Once activated, the trailing stop: For Long Positions: Trails behind the price by 150 ticks (trail_stop = close - 150 ticks). For Short Positions: Trails above the price by 150 ticks (trail_stop = close + 150 ticks). Exit Condition: The trade exits automatically if the price touches the trailing stop level. Purpose: Ensures profits are locked in as the trade progresses while still allowing room for price fluctuations. E. Trade Entry Logic Long Entry: Triggered when a bullish big candle is identified. Stop loss is set at low - 200 points. Short Entry: Triggered when a bearish big candle is identified. Stop loss is set at high + 200 points. F. Trade Exit Logic Trailing Stop: Automatically exits the trade if the price touches the trailing stop level. Fixed Stop Loss: Exits the trade if the price hits the predefined stop loss level. G. 21 EMA The strategy includes a 21-period Exponential Moving Average (EMA), which acts as a trend filter. EMA helps visualize the overall market direction: Price above EMA: Indicates an uptrend. Price below EMA: Indicates a downtrend. H. Visualization Big Candle Identification: The open and close prices of big candles are plotted for easy reference. Trailing Stop: Plotted on the chart to visualize its progression during the trade. Green Line: Indicates the trailing stop for long positions. Red Line: Indicates the trailing stop for short positions. RSI Divergence: Positive divergence is shown in green. Negative divergence is shown in red. 3. Key Parameters trail_start_ticks: The number of ticks required before the trailing stop activates (default: 200 ticks). trail_distance_ticks: The distance between the trailing stop and price once the trailing stop starts (default: 150 ticks). initial_stop_loss_points: The fixed stop loss in points applied at entry (default: 200 points). tick_size: Automatically calculates the minimum tick size for the trading instrument. 4. Workflow of the Strategy Step 1: Entry Signal The strategy identifies a big candle (bullish or bearish). If conditions are met, a trade is entered with a fixed stop loss. Step 2: Initial Risk Management The trade starts with an initial stop loss of 200 points. Step 3: Trailing Stop Activation If the trade moves 200 ticks in the profitable direction: The trailing stop is activated and follows the price at a distance of 150 ticks. Step 4: Exit the Trade The trade is exited if: The price hits the trailing stop. The price hits the initial stop loss. 5. Advantages of the Strategy Risk Management: The fixed stop loss ensures that losses are capped. The trailing stop locks in profits after the trade becomes profitable. Momentum-Based Entries: The strategy uses big candles as entry triggers, which often indicate strong price momentum. Divergence Confirmation: RSI divergence helps validate momentum and avoid false signals. Dynamic Profit Protection: The trailing stop adjusts dynamically, allowing the trade to capture larger moves while protecting gains. 6. Ideal Market Conditions This strategy performs best in: Trending Markets: Big candles and momentum signals are more effective in capturing directional moves. High Volatility: Larger price swings improve the probability of reaching the trailing stop activation level (200 ticks).
Pine Script™ strategy
by AHinson23
1
[MAD] Self-Optimizing RSIOverview This script evaluates multiple RSI lengths within a specified range, calculates performance metrics for each, and identifies the top 3 configurations based on a custom scoring system. It then plots the three best RSI curves and optionally displays a summary table and label. How It Works The script calculates a custom RSI for each length in the range. It simulates entering a long position when RSI crosses below the Buy Value and exits when RSI crosses above the Sell Value. Each trade's return is stored in the relevant StatsContainer. Metrics Computation After all bars have been processed, * Net Profit, * Sharpe Ratio, and * Win Rate are computed for each RSI length. A weighted score is then derived using the input weights. Top 3 Identification The script finds the three RSI lengths with the highest scores. The RSI lines for these top 3 lengths are plotted in different colors. If enabled, a table listing the top 3 results (Rank, RSI length, Sharpe, NetPnL, Win Rate) is shown. If enabled, a label with the highest-scoring RSI length and its score is placed on the final bar. Usage Tips Adjust Min RSI Length and Max RSI Length to explore a narrower or wider range of periods. Be aware, to high settings will slow down the calculation. Experiment with different RSI Buy Value and RSI Sell Value settings if you prefer more or fewer trade signals. Confirm that Min Trades Required aligns with the desired confidence level for the computed metrics. Modify Weight: Sharpe, Weight: NetProfit, and Weight: WinRate to reflect which metrics are most important. Troubleshooting If metrics remain - or NaN, confirm enough trades (Min Trades Required) have occurred. If no top 3 lines appear, it could mean no valid trades were taken in the specified range, or the script lacks sufficient bars to calculate RSI for some lengths. In this case set better buyvalue and sellvalues in the inputs Disclaimer Past performance is not indicative of future results specialy as this indicator can repaint based on max candles in memory which are limited by your subscription
Pine Script™ indicator
by djmad
10
DRSI by Cryptos RocketDRSI by Cryptos Rocket - Relative Strength Index (RSI) Indicator with Enhancements This script is a custom implementation of the Relative Strength Index (RSI) indicator, designed with several advanced features to provide traders with additional insights. It goes beyond the traditional RSI by including moving averages, Bollinger Bands, divergence detection, dynamic visualization and improved alert functions. ________________________________________ Key Features 1. RSI Calculation The RSI is a momentum oscillator that measures the speed and change of price movements. It ranges from 0 to 100 and is calculated as: • RSI = 100−(1001+Average GainAverage Loss)100 - \left( \frac{100}{1 + \frac{\text{Average Gain}}{\text{Average Loss}}} \right) This script allows users to: • Set the RSI length (default: 14). • Choose the price source for calculation (e.g., close, open, high, low). ________________________________________ 2. Dynamic Visualization • Background Gradient Fill: o Overbought zones (above 70) are highlighted in red. o Oversold zones (below 30) are highlighted in green. • These gradients visually indicate potential reversal zones. ________________________________________ 3. Moving Averages The script provides a range of moving average options to smooth the RSI: • Types: SMA, EMA, SMMA (RMA), WMA, VWMA, and SMA with Bollinger Bands. • Customizable Length: Users can set the length of the moving average. • Bollinger Bands: Adds standard deviation bands around the SMA for volatil ity analysis. ________________________________________ 4. Divergence Detection This feature identifies potential price reversals by comparing price action with RSI behavior: • Bullish Divergence: When price forms lower lows but RSI forms higher lows. • Bearish Divergence: When price forms higher highs but RSI forms lower highs. Features include: • Labels ("Bull" and "Bear") on the chart marking detected divergences. • Alerts for divergences synchronized with plotting for timely notifications. ________________________________________ 5. Custom Alerts The script includes alert conditions for: • Regular Bullish Divergence • Regular Bearish Divergence These alerts trigger when divergences are detected, helping traders act promptly. ________________________________________ Customization Options Users can customize various settings: 1. RSI Settings: o Length of the RSI. o Price source for calculation. o Enable or disable divergence detection (enabled by default). 2. Moving Average Settings: o Type and length of the moving average. o Bollinger Band settings (multiplier and standard deviation). ________________________________________ Use Cases 1. Overbought and Oversold Conditions: o Identify potential reversal points in extreme RSI zones. 2. Divergences: o Detect discrepancies between price and RSI to anticipate trend changes. 3. Volatility Analysis: o Utilize Bollinger Bands around the RSI for added context on market conditions. 4. Trend Confirmation: o Use moving averages to smooth RSI and confirm trends. ________________________________________ How to Use 1. Add the indicator to your chart. 2. Customize the settings based on your trading strategy. 3. Look for: o RSI crossing overbought/oversold levels. o Divergence labels for potential reversals. o Alerts for automated notifications. ________________________________________ DRSI by Cryptos Rocket combines classic momentum analysis with modern tools, making it a versatile solution for technical traders looking to refine their strategies.
Pine Script™ indicator
by cryptosrocket
BS | Buy&Sell Signals With EMAKey Features: EMA Intersections: Generates clear buy and sell signals based on predefined EMA crossings. 5 EMA Lines: Visualize market trends with five distinct EMA lines plotted on the chart. Support and Resistance Levels: Easily identify crucial support and resistance levels with our integrated marker. Comprehensive Indicator Panel: At the bottom of the chart, track Stochastic, RSI, Supertrend, and SMA across multiple timeframes (1m, 5m, 15m, 1H, 4H, Daily, Weekly). Fully Customizable: Almost every indicator within the tool is adjustable to suit your preferences and trading style. Alarm Feature: Set up alarms to stay informed of important market movements. Unlock the full potential of your trading strategy with BS | Buy&Sell Signals With EMA. Customize, analyze, and trade with confidence. created by @bahadirsezer
Pine Script™ indicator
by bahadirsezer
BS | Buy&Sell Signals With EMAKey Features: EMA Intersections: Generates clear buy and sell signals based on predefined EMA crossings. 5 EMA Lines: Visualize market trends with five distinct EMA lines plotted on the chart. Support and Resistance Levels: Easily identify crucial support and resistance levels with our integrated marker. Comprehensive Indicator Panel: At the bottom of the chart, track Stochastic, RSI, Supertrend, and SMA across multiple timeframes (1m, 5m, 15m, 1H, 4H, Daily, Weekly). Fully Customizable: Almost every indicator within the tool is adjustable to suit your preferences and trading style. Alarm Feature: Set up alarms to stay informed of important market movements. Unlock the full potential of your trading strategy with BS | Buy&Sell Signals With EMA. Customize, analyze, and trade with confidence. created by @bahadirsezer
Pine Script™ indicator
by bahadirsezer
2