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Rsi_divergence

Rainbow Adaptive RSI [LuxAlgo]The following oscillator uses an adaptive moving average as an input for another RSI oscillator and aims to provide a way to minimize the impact of retracements over the oscillator output without introducing significant lag. An additional trigger line is present in order to provide entry points from the crosses between the oscillator and the trigger line. More details are given below. Settings Length : period of the oscillator Power : controls the sensitivity of the oscillator to retracements, with higher values minimizing the sensitivity to retracements. Src : source input of the indicator The indicator also includes the following graphical settings: Gradient : Determines the color mode to use for the gradient, options include "Red To Green", "Red To Blue" and "None", with "None" displaying no gradient. Color fill : Determines whether to fill the area between the oscillator and the trigger line or not, by default "On". Circles : Determines whether to show circles highlighting the crosses between the oscillator and the trigger line. Usage The indicator can be used like any normalized oscillator, but unlike a classical RSI, it does not converge toward 50 with higher length values. This is caused by the RSI using a smooth input. The power setting will minimize the impact of certain variations on the oscillator: Here the oscillator at the bottom uses a power value of 1.5. The trigger line is a smoothed RSI using an EMA as input, and it won't remain as near to 100 and 0 as the main oscillator. Using a moving average of the main oscillator as a trigger line would create faster crosses, but this approach allows us to have no crosses when a retracement is present. Details As previously discussed the main oscillator uses an adaptive moving average as input; this adaptive moving average is computed using a smoothing factor derived from an RSI oscillator, a similar adaptive moving average known as ARSI, but unlike ARSI which uses a classical RSI of the closing price for the calculation of the smoothing factor, our smoothing factor makes use of RSI on the adaptive moving average error, which provides a higher level of adaptiveness.
Pine Script® indicator
by LuxAlgo
26
RSI with Self-Adjusting Linear Regression Bands (Expo)RSI with Self-Adjusting Linear Regression Bands (Expo) makes use of RSI and Linear Regression to create an RSI that follows the current trend. The indicator has an upper and lower self-adjusting Linear Regression Band that act as RSI boundaries. HOW TO USE The indicator can be used in multiple ways, for instance, to find overbought and oversold areas. Or to identify trends as well as pullbacks in trends. INDICATOR IN ACTION This indicator is a modification of RafaelZioni's work "Linear Regression Trend bands" Credit to: RafaelZioni I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks! I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments! ----------------- Disclaimer Copyright by Zeiierman. The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. My scripts/indicators/ideas are only for educational purposes!
Pine Script® indicator
by Zeiierman
26
RSI5_50 with DivergenceThis is variation of RSI Divergence strategy. I have added a filter (long term RSI) to the Rules. strategy BUYs when RSI 50 period is above 50 line and there is divergence on the short term RSI settings ========= short term RSI period 5 long term RSI period 50 stopLoss is 8% --- if setting is enabled BUY Rule ======== RSI 50 is above 50 line short term RSI is showing divergence Add to existing ============== if already in position, BUY when shorTermRSI is crossing above 20 TakeProfit ========= when longTermRSI reaches 60,65, 70 and 75 level , take partial profits . (not when crossing down --- This may affect on profits , because when price goes down , it goes very fast ) Exit ===== when longTermRSI is crossing down 30 OR stopLoss value hits Note: When I tested this with GOOGL stock , I have got excellent results ... any experts there , please check everything is good with scripting ... Happy Trading
Pine Script® strategy
by eemani123
17
BEST RSI Divergences Screener (Regular and Hidden)Hello traders My way to fight this situation is to stay productive. Hope some of my scripts will help you out as most of us are locked-down at home, hence have more time for trading - and preparing ourselves when the sun will shine on us again I - Concept This is an upgrade of this script which captured only the regular divergences This screener detects whether the regular RSI divergences based on the TradingView Divergence built-in indicator (made by the gentleman @everget I believe) With this screener, you can see in 1 view which of your favorite cryptos/stocks/forex pairs/etc. showing strong regular and hidden divergences The gentlemen (and demoiselles) traders can play with the lookback/ranges inputs to adjust the divergences based on what they think is best of their trading/timeframe/instrument/life On that script screenshot, I'm showing the BYBIT:BTCUSD part of the screener matching with the divergences on the chart II - How did I set the screener The visual signals are as follow: - square: whenever a regular or hidden divergence is detected Then the colors are: - green when there is bullish divergence - red when there is bearish divergence 🔔🔔 I also added the alerts for capturing those bullish/bearish divergences III - Does it repaint? It should not :) Best regards Dave
Pine Script® indicator
by Daveatt
53
BEST RSI Divergences ScreenerHello traders I hope you're all hanging on at home with what's going on these days... The good news is.... it gives us more time to trade ^^.... #positive #attitude I - Concept This screener detects whether the regular RSI divergences based on the TradingView Divergence built-in indicator (made by the gentleman @everget I believe) With this screener, you can see in 1 view which of your favorite cryptos/stocks/forex pairs/etc. showing strong divergences The gentlemen (and demoiselles) traders can play with the lookback/ranges inputs to adjust the divergences based on what they think is best of their trading/timeframe/instrument/life On that script screenshot, I'm showing the BYBIT:BTCUSD part of the screener matching with the divergences on the chart II - How did I set the screener The visual signals are as follow: - square: whenever a divergence is detected Then the colors are: - green when there is bullish regular divergence - red when there is bearish regular divergence Best regards Dave
Pine Script® indicator
by Daveatt
46
(JS) Ultimate RSISo my goal here was to combine all of my RSI ideas into a single indicator in order to make kind of a "Swiss Army Knife" version of the Relative Strength Index ... ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ So, let's begin with the first RSI indicator I made, which is the RSIDVW (Divergence/Volume Weighted); To rephrase my original post, the "divergence/volume weighted" portion is meant to expand upon the current RSI format by adding more variables into the equation. The standard RSI is based off one value that you select (open, close, OHLC4, HLC3, etc.) while this version takes three variables into account. The default setting is to have RSI normal without anything added to it (Divergence Weight = 0) 1st - it takes the standard variable that RSI normally uses. 2nd - it factors RSI divergence by taking the RSI change % and price change % to form a ratio. Using this ratio, I duplicated the RSI formula and created a divergence RS to be factored in with the standard price RS . 3rd - it takes Relative Volume and amplifies/weakens the move based upon volume confirmation. (So if Relative Volume for a price bar is 1.0, the RSI plot would be the same as it normally would) So to explain the parameters - Relative Volume Length: This uses the RV length you specify to determine spikes in volume (or lack of volume ), which then is added into the formula to influence the strength of the RSI move - RV x Divergence: This is how I calculated the original formula, but you can leave this unchecked to turn Relative Volume off, or apply elsewhere. - RV x RS: There's two sides, Divergence RS and Standard RS - these check marks allow you to select which part you prefer to be multiplied by Relative Volume . Checking neither turns off Relative Volume , while checking both amplifies its effects by placing it on both sides of the equation. -Divergence Weight: This controls how much the DVW portion of the formula influences the RSI plot. As I referred to earlier, default is 0 making RSI normal. The Scale is 0-2, so 1.0 would be the same as 50%. When I do have DVW on, I generally set it to 0.5 -SMA Divergence: To smooth, or not to smooth, that is the question. UJsing an SMA here is much smoother in my opinon, but leaving it unchecked runs it through an RMA the same way standard RSI is calculated. -Show Fractal Channel: This allows you to see the whole fractal channel around the RSI (This portion of the code, compliments of the original Ricardo Santos fractal script) ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ The next portion of the script is adding a "Slow RSI"... This is rather simple really, it allows you to add a second RSI plot so that you can watch for crossovers between fast and slow lines. -Slow RSI: This turns on the second RSI Plot. -Slow RSI Length: This determines the length of the second RSI Plot. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Pivot Point RSI was something a friend of mine requested I make which turned out pretty cool, I thought... It is also available in this indicator. -Pivot Points: Selecting this enables the rest of the pivot point related parts of the script If Pivot Points isn't selected, none of the following things will work -Plot Pivot: Plots the pivot point . -Plot S1/R1: Plots S1/R1. -Plot S2/R2: Plots S2/R2. -Plot S3/R3: Plots S3/R3. -Plot S4/R4: Plots S4/R4. -Plot S5/R5: Plots S5/R5. -Plot Halfway Points: Plots a line between each pivot . -Show Pivot Labels: Shows the proper label for each pivot . When using intraday charts, from a 15 minute interval or less the pivots are calculated based on a single days worth of price action, above that the distance expands. Here are the current resolutions Pivot Points will work with: Minutes - 1 , 2, 3, 5, 10, 13, 15, 20, 30, 39, 78, 130, 195 Hours - 1, 2, 3, 4, 5, 6 Daily Weekly Currently not available on seconds or monthly ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Background Colors Background Colors: I have six color schemes I created for this which can be toggled here (they can be edited). Gray Background for Dark Mode: Having this on looks much better when using dark mode on your charts. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Now finally the last portion, Fibonacci Levels -Fibonacci Levels: This is off, by default, which then uses the standard levels on RSI (30-50-70). When turned on, it removes these and marks fib levels from 0.146 through 0.886. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ So the quick rundown: Ultimate RSI contains "divergence/volume weighted" modifications, a slow RSI plot, pivot points , and Fibonacci levels all while auto-plotting divergence and having the trend illustrated in the background colors. RSI has always been my "go to" indicator, so I hope you all enjoy this as much as I do!
Pine Script® indicator
by J-Streak
7
BEST Currency Strength Indicator DivergenceHello traders Hope you had a great Thanksgiving Now it's my turn to give and all I ask in return is you to be thankful (did I get the "Thanksgiving" thing right?) The Currency Strength Indicator plots an average of the selected FX pairs in the indicator. Someone asked me if I could develop an alternative of that script adding a divergence component. The script evaluates the divergences between the average of the selected RSI(FOREX pairs) and the RSI(FOREX pair) displayed on the chart. This version includes new features such as: - the RSI length can now be selected - we can select the 6 pairs used for the divergence calculations All the BEST my aspiring traders and quants See you tomorrow for another script Dave
Pine Script® indicator
by Daveatt
15
RSI Divergence UltimateHere it is Everyone - What was once hidden is now revealed This is the Ultimate RSI Divergence Indicator Not only does it plot Regular and Hidden Divergence lines for an RSI smoothed by an EMA and for its Signal Line The RSI can be set to change color with direction or can be set as single color with or with out OB / OS highlights Color Changing RSI helps when trading Multiple Time Frames as you can look for confluence in the direction of RSI Included options for the Signal Line include; Various calculations EMA, SMA and Linear Regression which provides very accurate signal line crossover signals Color Changing with direction Second RSI with different Length Multi Time Frame RSI Bollinger Bands applied to the RSI RSI Stochastic that has been compressed to fit into RSI OB / OS so that it doesnt compress the RSI when in these regions There are also Background Highlights (thanks to Chris Moody) for when the RSI Stochastic moves into OB / OS and crosses its signal line There are plenty of Alerts for signals with more complex alerts coming soon I have also added Hima Reddy's Power Zones for support and resistance so now you can also Take full advantage of trading; signal line crosses, 50 crosses and Power Zone RSI support and resistance and much more The divergence script is thanks to @RicardoSantos, I've just adjusted it to suite my indicator Remember that divergences work best when traded with the trend or very late in a trend when going against the trend
Pine Script® indicator
by Lij_MC
25