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!
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)
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 BTC: 19qDW9AShZhBZsGuXcgRzam5Fbpc3EU8EV ETH: 0x39c8552371b9b7f4e324197af460ba8bc8e18ef9
/@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...
🥢 Crypto-Sticks™ Apirine Slow RSI (SRSI) A new series of indicators brought to you by Cryptorthyhms...giving you an alternate look at your trusted favorites! Follow me, there are still 2 dozen Crypto-Sticks indicators planned - all will be released in public library. 🚀 Indicator Specific Info 🐻Thanks to Lazybear for posting the original Apirine RSI code I...
RSI with values 60-40 Displays a check when it crosses below 40 and an X when it is above 60 (Team DM System) Stochastic displays purchase / sale zones.
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...