Strategy described in the book "Short Term Trading Strategies that Work", written by Larry Connors and Cesar Alvarez.
It is the simplest strategy I know and has only 3 rules:
- Price must be above the arithmetic moving average of 200 periods.
- Buy when the price closes below the closing of the last 7 days.
- Sale when the price closes above the closing of the...
Plots the RSI for the current chart (same as the built-in RSI indicator) and adds the RSI values for the Shorts and Longs (S&L) from Bitmex. The main reason I've used the RSI value is to have it on the same scale as the price chart's RSI. The general trend of the S&L is preserved.
This is an 14RSI with a built in EMA55. I also added 50RSI level to add more confluence.
RSI above 50 level and EMA55 can confirm bullish trend .
But don't trade based off on this indicator.
Note:
Always look at the price actions first. Only use this indicator as a confluence to your price action analysis. And don't forget to backtest and make adjustments...
Here is an open source (no request needed!) version of the Self-Adjusting RSI by David Sepiashvili.
Published in Stocks & Commodities V. 24:2 (February, 2006): The Self-Adjusting RSI
David Sepiashvili's article, "The Self-Adjusting RSI," presents a technique to adjust the traditional RSI overbought and oversold thresholds so as to ensure that 70-80% of RSI...
Featherlite RSI - Extra Sensitive
This is a combined relative strength index (RSI) ans stochastic RSI indicator set to the super sensitive period of 2 candles.
I use this setting particularly on higher timeframes such as M, W, D but can also be useful on 4h. However lower timeframes, will become to noisy.
If you compare to the standard setting of 14, you can...
Get a clear picture of trend direction by visualizing RSI levels on your charts.
Green = buy zone, red = sell zone.
The RERSI was first developed by Giorgos Siligardos in the June 2003 issue of Stocks and Commodities Magazine. RERSI plots lines on the price chart that reflect levels of the RSI.
Modified from
Original implementation by HPotter
/@version=2
//By Tantamount
//RSI with overbought and oversold alert features! Highly configurable indicator that includes a Topography map feature, used to detect & easily show threshold crossovers.
//RSI is used to measure the velocity and change of directional price movements. It is very useful to help determine when an asset is reaching an overbought or...
Really nice performance of Simple RSI Strategy for LTCUSDT ( Binance ) 5m chart.
Params: RSI Length: 3, RSI OverSold level: 47, RSI OverBought Level: 56
Performance: 391% profit, 2400 trades, 42% prof, 14.6% dd , 0.65 sharpe.
I think this strategy can be a really nice base for a pretty good strategy. We have quite a lot of trades here you can add additional...
Credit goes to Chrismoody for building this , Defaults to current timeframe Ability to change to different timeframe, or plot two RSI's on different timeframes.
Edited for Color Customization
![EURAUD: [RS]Function - InfoPanel](https://s3.tradingview.com/z/ZisWxP5g_mid.png "[RS]Function - InfoPanel")
