RSI Sᴜᴘᴘᴏʀᴛ & Rᴇꜱɪꜱᴛᴀɴᴄᴇ ʙʏ DGT
This experimental study attempts to translate Relative Strength Index (RSI) threshold levels of oversold/overbought and bull/bear zones as probable Price Support and Resistance levels
Support & Resistance Levels , the main aim of the study. Level calculations are based on Relative Strength Index (RSI) ...
This RSI indicator shows a green or red ribbon when the smoothed RSI is bullish or bearish. It also includes a long moving average for overall trend confirmation. Wait until the ribbon holds above or below the long moving average and take positions in that direction.
To get an easier to read RSI indicator, I smoothed the RSI out and paired it next to a short term...
RELATIVE STRENGTH INDEX (RSI)
This is a tool that is widely used
Especially for Overbought and Oversold systems, but I have made some changes in this indicator,
How to use it...!
I have set it as the default setting
- RSI Length: 7
- Overbought: 70
- Oversold: 30
What is unique about this tool?
we can see 3 conditions:
1) RSI Overbought / Oversold with...
Default overbought/oversold levels of RSI does not hold good for instruments which are trending well. It happens often that instruments keep trading in single half of the range for prolonged time without even touching the other half. This also came up often in tradingview pine chat discussions where I participate regularly.
Hence, thought of creating this script...
This RSI scanner can be use to identify the relative strength of 10 symbols over multiple timeframes
it will give you a quick overview which pair is more bearish or more bullish and also signals tops and bottoms in the AVG row
light red/green cell = weak bearish (RSI = 45-35) / bullish (RSI = 55-65)
medium red/green cell = bearish (RSI = 35-25) / bullish...
//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...
This strategy combines the best of both indicators (Supertrend & RSI).
As we know, Supertrend is excellent at finding changes in the market trend and thus finding the best entries, however in my opinion it has a great weakness and it is that it does not know how to find the best exit point.
For this reason I decided to combine it with the RSI that we know...
This is a custom indicator of mine that uses the volume weighted average price instead of the close price as the source for calculations of the relative strength index. Buy when the indicator line is green and sell when it is red.
This was a custom request so let me know if there are any other scripts you would like to see me do or if you want something custom done!
This is an experimental work to show RSI on the chart. Feel free to use the code and indicator.
If you find my works useful, please consider a donation
It isn't easy to determine if the price of a stock is about to break out. Here’s one way you can determine the relative strength of a breakout, enabling you to act early and realize higher profits.
This indicator was originally developed by Howard Wang Stocks & Commodities V. 33:09 (60–62)
Extension of the excellent RSI+ script by Wilsonlibero. I tweaked the parameters to better fit crypto markets, and I added a few more visuals, such as midline, overbought/oversold threshold lines and areas, background coloration depending on RSI trend above or below midline, and a few other tweaks especially colors (fixed the transp parameter deprecation for...
RSI overbought and oversold histogram
Just indicator combo of oldschool slow stochastic and rsi, just looking a little bit better for someone.
Strategy is simple:
1) RSI is overbought or oversold (above 70, below 30)?
2) Stochastic line crosses its ema?
3) Stochastic and stochastic ema are in overbought = sell, oversold = buy.
Works good in volitile stocks/pairs...