The scope of this script is to measure momentum and strenght of EURO and DOLLAR using their indexes.
Forza (line) above 0 means EURO is stonger than DOLLAR
Momento (histogram) above 0 means EURO has a positive momentum against DOLLAR
The added value to see MACD and RSI directly on EURUSD chart is that indexes consider also other pairs so their RSI and MACD has a...
The Relative Strength Index (RSI) is an extremely useful oscillating momentum indicator that was developed by J. Welles Wilder and is one of the most widely used indicators in technical analysis.
HOW IS IT USED ?
In the classic view, a security is thought to be overbought when its RSI reading is above 70 and oversold when its RSI reading falls below 30. This...
RSI based currency strength indicator. Other indicators only give 7 currencies, leaving NZD. This one is an updated version which gives all 8 major currencies.
Great tool to find market tops, bottoms, S/R's and reversals.
Rsi has 2 customiseble overbought and oversold levels can show you extreme levels.
Slow Stochastic 1 (25 period) shows small price swings
Slow stochastic 2 (100 period) can show you a greater picture, are we reversing?
Why do you need Leguerre, Murrey, Kaufman oscilator 3000 when you can have old and...
Indicator for Short & Long Entries based on:
- Volume
- Close Price
- Ema
- RSI
Feel free to test it out. The parameters are:
- Back Bars Long.- number of bars back to consider for long entries
- Back Bars Short.- number of bars back to consider for long entries
These are used to calculate the ema and rsi.
Neat little RSI oversold and overbought markers above and below the bars. Helps visually identify whether the indicator is in overbought or oversold conditions.
This indicator shows a histogram of the RSI in relation to an ema of the RSI.
The histogram is then smoothed to give early reversal/entry signals.
The actual RSI line with oversold/overbought indication can be displayed or omitted, as preferred.
In addiction to the RSI line or as an alternative to it, the background colour can be set to change folowing the RSI...
A simple indicator displaying RSI and STOCHASTIC RSI combined in the one indicator. This indicator also changes the bar colour to yellow when it meets the overbrought conditions of both the RSI and the STOCH RSI and changes the bar colour to black when it meets the oversold conditions of both the RSI and STOCH RSI. The values of these conditions are set as the...
This RSI indicator has a Bollinger Bands indicator around it, and a simple moving average.
I still haven't decided yet if the Bollinger Bands should be at 20 (like normal) or at 14 (like the RSI).
Experiment with it and have fun :)
The limitation of max 3 indicators on tradingview is pretty bad for indicators lovers (like me) so i made this script able to contain a rsi, a stochastic and a percent rank and that in only one indicator !! Pretty cool isn't it ? ;)
Every parameter is linked to one indicator, you can have all of them with differents period lengths
You have the possibility...
Rocket RSI indicator script.
This indicator was originally developed by John Ehlers (Stocks & Commodities V.36:6, RocketRSI - A Solid Propellant For Your Rocket Science Trading).
An RSI can have any input, but most commonly used is the closing price. I thought it would be interesting to see if feeding the open high low and close information into the RSI to make RSI candles, if there are candlestick formations that can be recognized or possible patters in wicks.
To make it smoother there also is the option to turn the RSI candles into...
I allowed myself to take a piece of code of one of the indicators MFI present on Tradingview for the added to a RSI!
I made this srcipt to avoid cluttering the screen, so we can see the oversold / overbought of the MFI without having any additional indicator
