Haydens RSI Companion
Preface: I'm just the bartender serving today's freshly blended concoction; I'd like to send a massive THANK YOU to all the coders and PineWizards for the locally-sourced ingredients. I am simply a code editor, not a code author. The book that inspired this indicator is a free download, plus all of the pieces I used were free code from the community; my hope is that any additional useful development of The Complete RSI is also offered open-source to the community for collaboration.
Features: Fibonacci retracement plus targets. Advanced dual data ticker. Heiken Ashi or bar overlay. Hayden, BarefootJoey, Tradingview, or Custom watermark of choice. Trend lines for spotting wedges, triangles, pennants, etc. Divergences for spotting potential reversals and Momentum Discrepancy Reversal Point opportunities. Percent change and price pivot labels with advanced data & retracement targets upon hover.
‼ IMPORTANT: Hover over labels for advanced information, like targets. Google & read John Hayden's "The Complete RSI" pdf book for comprehensive instructions before attempting to trade with this indicator. Always keep an eye on higher/stronger timeframes. See the companion oscillator here:
⚠ DISCLAIMER: DYOR. Not financial advice. Not a trading system. I am not affiliated with TradingView or John Hayden; this is my own personally PineScripted presentation of a suitable RSI chart companion to use when trading according to Hayden's rules.
About the Editor: I am a former-FINRA Registered Representative, inventor/patent-holder, and self-taught PineScripter. I mostly code on a v3 Pinescript level so expect heavy scripts that could use some shortening with modern conventions.
Features: Fibonacci retracement plus targets. Advanced dual data ticker. Heiken Ashi or bar overlay. Hayden, BarefootJoey, Tradingview, or Custom watermark of choice. Trend lines for spotting wedges, triangles, pennants, etc. Divergences for spotting potential reversals and Momentum Discrepancy Reversal Point opportunities. Percent change and price pivot labels with advanced data & retracement targets upon hover.
‼ IMPORTANT: Hover over labels for advanced information, like targets. Google & read John Hayden's "The Complete RSI" pdf book for comprehensive instructions before attempting to trade with this indicator. Always keep an eye on higher/stronger timeframes. See the companion oscillator here:
⚠ DISCLAIMER: DYOR. Not financial advice. Not a trading system. I am not affiliated with TradingView or John Hayden; this is my own personally PineScripted presentation of a suitable RSI chart companion to use when trading according to Hayden's rules.
About the Editor: I am a former-FINRA Registered Representative, inventor/patent-holder, and self-taught PineScripter. I mostly code on a v3 Pinescript level so expect heavy scripts that could use some shortening with modern conventions.
Versionsinformation:
July Update: updated default variables/settings, added volatility ticker option, enhanced pivot label hover data, added trend state background coloring, removed on-chart divergences, and cleaned the code.
Versionsinformation:
August Updates: Defaults. Settings menu. 🛑 Stop loss for pivot labels. Removed some angle/slope bugs. User configurable volatility ticker color gradient. Code Cleanup. In order to receive these updates, PLEASE remove this indicator from your charts, refresh your window/app, and reload it from the search/favorites.
Made w/ ❤ by @BarefootJoey ✌💗📈