It is a indicator that tries to predict when to buy and sell using RSI and EMA indicators together.
When the red columns over the blue columns that is the "buy signal". When it is not, it is a "sell signal".
Strategy. The indicator gives buy and sell signals based on two or three indicators.
Alert 2 is the signal from the two indicators is the Stochastic + Williams. Alert 3 signal from three Stochastic + Williams+ RSI indicators is simple. The Alert4 signal from the three Stochastic + Williams+MTF indicators is simple. Alert5 signal from three Stochastic + Williams+...
TradeSpot Pro Indicator
Version: 1.0
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Took my other Log RSI script and plugged in Stochastic RSI to see how divergences play on an oscillator with two lines. Turns out divergences are good at predicting changes in the oscillator but that doesn't mean that the oscillator will always mimic price action.
Log vs. no log is virtually the same.
Credits to
@fskrypt for introducing geometric mean...
An AsYouWish component of Inigo Montoya's Quest, dynamic strategy. This is not a stand alone indicator. It is instead designed/skewed to provide RSI-based trade recommendations, immediately following a reversal stop-out. It's suitable for any time frame, from 1 minute to 1+day bars.
On the chart there are the BB with purple and green circles to give the entry signal once the price has come back in the bands.The background alert appair when BOTH RSI and STOCH are in overbuy or oversell. the defalt is 20/80 but can set it by yourself.
So here in this model I take the RSI-cumulative net volume and convert it to MACD
I think it look nicer then original but it just idea:)
for different time frame just change setting:)
0.1.0v
Simple RSI divergence and momentum shift indicator
Tryng to fuse most efficient RSI divergence script ideas while eliminating the noise and human bias :)
Using money flow index combined with relative strength index to pick very close to the tops filtered with an EMA , all parameters can be adjusted to suit any time frame with some fine tuning , set up for a 3 day AUD/USD chart but will work with anything, decent win rate and profit factor, numbers used are enough initial capital to cover twice the amount of...
This is RSI based on volume, with this approach we can add it t any indicator that we want
it seem to be more accurate then the regular RSI
so have fun
This is a special volume RSI indicator
the yellow is period where volume at max, as the yellow go the price will fall
the gray is period where volume is minimum as gray period over the price need to go up
the green is RSI VOLUME buy point
the RED is volume indicator made by me that say drop in volume think to sell
alerts included
the system can be working...
![NEOUSD: Stoch_Williams_RSI[wozdux]2](https://s3.tradingview.com/o/ofcJzPP9_mid.png "Stoch_Williams_RSI[wozdux]2")
![XBTUSD.P: [SV] Seaweed Village RSI Ver 0.3](https://s3.tradingview.com/n/N5JpZy5H_mid.png "[SV] Seaweed Village RSI Ver 0.3")
