Artharjan Relative StrengthHi Guys,
I have created Artharjan Relative Strength indicator which shows the comparison of a Stock (script) either with Benchmark Index or with its respective sectoral index.
If the Relative Strength value is more than Zero (Above Zero Line) then it means the Stock is outperforming the index and vise-a-versa
A moving average is also added to smooth out data series.
Traders can chose from the Benchmark/Sectoral indices as well as Moving Average Lookback period and moving average type for extra convenience.
If the Relative Strength is strong then trader can look forward to taking bullish trade and Investor can think of investing in that particular script for a long term period (Or as long as Relative Strength line does not cross below zero line)
The Default Lookback period selected is 55 (Fib number) as it covers considerable /sufficient amount of range to find out relative strength of the stock.
The Relative Strength depends on the timeframe you chose... so feel free to adjust the Lookback period from 55 to any other number depending upon your trading/investment timeframe.
Hope you guys would find this indicator useful.
Regards
Rahul Desai
@Artharjan
Relative-strength-index
Screener for 40+ instrumentsAs you probably know in TradingView there is a limit of 40 instruments in one custom screener.
I created a script that will allow you to scan more symbols.
The idea of it is pretty simple. You have to add a screener a few times on your screen with a different set of symbols. Then select column width (as % of your chart width) and # of the screener right to left.
Script will plot #1 screener next to the right border. For #2 and all next tables, the script will compute the needed offset and will draw it on the left. This way it will look like one table and not a few separate indicators.
I created a script with an RSI screener, but you can create more complicated examples with it.
Off course, that's not a silver bullet solution but might work for some of you.
Disclaimer
Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as well as in historical backtesting.
This post and the script don’t provide any financial advice.
Multi-Timeframe RSI GridThe relative strength index (RSI) is a momentum indicator that measures the magnitude of recent price changes to evaluate overbought or oversold conditions. The RSI is normally displayed as an oscillator separately from price and can have a reading from 0 to 100. This indicator displays the current RSI levels at up to 6 timeframes (of your choosing) in a grid. If the RSI levels reach overbought (above 70) or oversold (below 30) conditions, it changes the color to help you see that RSI has reached extreme levels. Note that in TradingView, when the chart is on a higher timeframe, the lower timeframe RSI levels don't calculate properly. If those conditions are met, this indicator will hide those values in the grid. If none of your selected values are available, it hides the table completely. There are configuration options, like:
Position the grid in any corner of the screen
Style customization (color, size)
Customize RSI length
RSI Levels, Multi-TimeframeThe relative strength index (RSI) is a momentum indicator that measures the magnitude of recent price changes to evaluate overbought or oversold conditions. RSI is normally displayed as an oscillator separately from price and can have a reading from 0 to 100. This indicator takes the RSI and plots the 30 & 70 levels onto the price chart so you can see when price is going to meet the 30 or 70 levels. The reason the 30 & 70 levels are important is because many traders (and bots) use those as signals to buy (at 30 RSI) or sell (at 70 RSI). Additionally, this indicator allows you to display not just the RSI levels of your currently viewed timeframe on the chart, but also shows the RSI levels of up to 6 different timeframes on the same chart. This allows you to quickly see if multiple RSI levels are aligning across different timelines, which is an even stronger indication that price is going to change direction when it meets those levels on the chart. There are a lot of nice configuration options, like:
Style customization (color, thickness, size)
Labels on the chart so you can tell which plots are the RSI levels
Optionally display the plot as a horizontal line if all you care about is the RSI level right now
Toggle overbought (RSI 70) or oversold (RSI 30) on/off completely
Inverse Fisher Transform ScreenerThis is a Screener for Inverse Fisher Transform on multiple oscillators
This tool is intended to aid you to visually analyse reasonable buy and sell IFT-signal thresholds across multiple tokens and different sources. It will help you speed up the tedious and manual work of trying out different IFT-settings when you're able to review the chart visually to find which values are present the most often and the location of that signal on the chart.
What does it bring to the table, why is it useful?
- Invese Fisher Transform on multiple oscillators such as RSI, MFI, CCI, Stochastic
- Combine multiple sources into one signal, select how it's calculated
- Visually review the chart for good IFT-settings
- 4 dynamic buy labels with different thresholds
- 4 dynamic sell labels with different thresholds
- Buy and sell on signal reversal
- Create your own trade alerts for automation
- Backtester compatible (plots 1 and 2 for buy and sell signals)
- A dynamic table counting amount of signals for each setting
- The labels are automatically updated when you change the values in the settings
How to use?
1. Change signal source and method
2. Change buy and sell thresholds
3. Show/hide additional labels
4. Review chart
5. Change trade settings
6. Backtest
7. Create alerts
Description
With this indicator you're able to visually review the signal strength of one or multiple oscillators processed with Inverse Fisher Transform ( IFT ), combine them and choose the method of calculation when they are combined. This produces a signal which strongly fluctuates between -1 and +1 instead of the more common 0-100 most oscillators uses. The intention is to make the decision making clearer and easier when you decide when to enter or exit a trade. This aims to help you remove the feelings from your trading.
Inverse Fisher Transform was first presented by John Ehlers in Stocks & Commodities V. 22:5 where he proposes to process RSI with the formula for hyperbolic tangent, tanh (x). This transforms the oscillator into a smoother and more compressed version with quicker oscillations.
GoldenCO Aie2 Use of GoldenCO Aie2
This market price movement trend analysis uses exponential moving average which is ema5/20/50. The purpose of using this EMA is to find out the effect of price changes that occur and the current trend of the market whether bullish or bearish.
It is suitable for short-term or long-term trading.
for short term trading, the trader uses ema5-ema20 and for long term trading the trader can use ema5-ema50 as analysis.
This indicator serves as a guide to traders in trading activities.
we hope that, by recognizing and knowing the trend of this price movement it can help traders in trading activities well and can reduce risk. May it benefit the trader.
DISCLAIMER : This is not Buy/Sell call, just sharing idea analysis for education. Trade at your own risk.
RSI PlusRSI Plus:
☑️ Show the divergences.
☑️ Shows the approximate price of an RSI level (by default it is level 55 but it can be changed for any other level).
☑️ Shows the bulls and bears zones, in green when crossing level 50 up and red when crossing down.
☑️ Circle the highest and lowest levels as possible purchases and sales.
☑️ Includes a smoothed RSI.
RSI Plus:
☑️ Muestra las divergencias.
☑️ Muestra el precio aproximado de un nivel del RSI (por defecto viene el nivel 55 pero se lo puede cambiar por cualquier otro nivel).
☑️ Muestra la zonas de toros y osos, en verde cuando cruza hacia arriba el nivel 50 y rojo cuando cruza hacia abajo.
☑️ Marca con un circulo los niveles mas alto y mas bajos como posibles compras y ventas.
☑️ Incluye un RSI suavizado.
Relative Volume Strength IndexRVSI is an alternative volume-based indicator that measures the rate of change of average OBV.
How to read a chart using it?
First signal to buy is when you see RVSI is close to green oversold levels.
Once RVSI passes above it's orange EMA, that would be the second alert of accumulation.
Be always cautious when it reaches 50 level as a random statistical correction can be expected because of "market noises".
You know it's a serious uptrend when it reaches above 75 and fluctuates there, grading behind EMA.
The best signal to sell would be a situation where you see RVSI passing below it's EMA when the whole thing is close to Red overbought level
It looks simple, but it's powerful!
I'd use RVSI in combination with price-based indicators.
RSI Divergence Smoothed with Signal Line and Power ZonesThis Indicator plots Regular and Hidden Divergences lines for an RSI smoothed by an EMA and for its Signal Line
The RSI can be set to change colour with direction or can be set as single colour
Colour Changing RSI helps when trading Multiple Timeframes as you can look for confluence in the direction of RSI
The divergence script is thanks to @RicardoSantos, I've just adjusted it to suite my indicator
Remember that divergences work best when traded with the trend or very late in a trend when going against the trend
I have also added a Colour Changing Signal Line & Hima Reddy's Power Zones so now you can also
Take full advantage of trading; signal line crosses, 50 crosses and Power Zone RSI support and resistance
Relative Strength Index Multi Time frame RSII am always checking RSI on 1hr, 4Hr and Day RSI.
Having to switch is annoying so wrote this little script to show RSI on upto 5 time frames.
The green bold line is the current time frame, and you can change the other 4 to what you prefer.
If one time frame is over sold or overbought you can change the back to indicated a buy or sell etc.
Anyway thought I would share it.
If you like it, please click the like button.
Volume/Rsi Overbought/oversoldI present you my last indicator. A volume indicator that indicates overbought and oversold based on the rsi, I chose the rsi because the most used surment, this indicator allows you to identify the overbought and oversold areas of the rsi with the colors blue (oversold) and orange (overbought ) on the volume indicator! Hoping that you are useful
Viperz RSI v1.2The color of the RSI inner bands will change from Purple to Green if RSI >70 and they will change to yellow if RSI >75. Nothing else has been changed from the standard RSI. Please understand I'm testing how publishing indicators works in Trading View. I have only done a minor adjustment to the RSI indicator, but I plan to do much more once I fully understand the publishing process. Thank you. Hope you enjoy. :)
AJCrows RSIRelative Strength Index with indicator lines at 20, 30, 50, 70 and 80 marks. Use settings to show/hide these lines, and to choose appropriate colors.
Relative Strength Index on TranquilizersSome weeks ago, I had a patient in my practice who suffered from internal stability disorders.
Certainly not a case of disordered thinking or schizophrenic behaviour, because his general sense of direction wasn’t the problem.
He just couldn’t find the right overall balance, an ailment he struggled with for years.
Straight away I could diagnose that surgery wasn’t an option, so I gave him a medicine he would clearly benefit from.
I never heard from him again…. He must be doing just fine.
Cheers, Indicat...
[RS][JR]RSI Donchian ChannelsRSI Donchian Channels
Built by Ricardo and JR
Here is a great indicator to use for strong trends. Donchian Channels react immediately to changes in the highest high and lowest low. For strong trends you want to trade when RSI is set along the upper or lower DC-RSI envelope. When the RSI releases from the DC-RSI envelope, you can take the trade off.
Multi Timeframe RSIThis will show you the RSI of the higher timeframes (up to 1D). Current Timeframe is colored red, higher timeframes are colored from light gray to darker gray (you can change that).
There are several ways to enter a trade:
1. look for rising RSI on higher timeframe (line is stepping up in indicator window), wait for current RSI to decline to oversold (with length 14 its below 30), look for a buy entry (vice versa for a sell setup)
2. look for all RSI timeframes to decline to oversold, this is a good zone to enter a buy (vice versa for a sell setup)
Keep in Mind that a Stochastic Indicator can have it's High/Low befor Price will have it.
Good Luck :)
