RSI Dot Party - All Lengths From 1 To 120

25 cze 2023

The RSI Dot Party indicator displays all RSI lengths from 1 to 120 as different colored dots on the chart.

🔶 Purpose

• Show the reversal point of price action to time entries and exits.
  

🔶 USAGE

• When a dot displays it is a indication of the reversal of the price/trend. The larger the dot the more likely it is to reverse.
  
• The Default settings generates dots for extreme cases where the RSI is over = 90 or under = 10 for every RSI length in the range of 1-120.
  
• Example if the RSI of length 1 or 2 or 3 or 4 or ... or 15 or 16 or 17 or ... or 80 or 81 or 82 or ... if any of does RSI crosses a boundary a dot is shown.
  
• A boundary is the over/under the RSI oscillates in.
  
• Customize the settings until the dots match up with the high and lows of past price action.
  

🔶 SETTINGS

🔹 Source

• Source 1: Is the First Source RSI is calculated from
  
• Source 2: Is the Second Source RSI is calculated from
  

🔹 Meta Settings

• Hours back to draw: To speed up the script calculate it only draws a set number of hours back, default is 300 hours back in time to draw then it cuts off.
  
• Show Dots: Show or disable dots
  
• Show Bar Color: Color the bars for each RSI incident
  
• Filter Cross: Filters and only shows dots when the RSI crosses above or bellow a boundary. If not all candles above or bellow the boundaries will display a dot.
  
• Dots Location Absolute: Instead of showing the dots above or bellow the candle, the dots will show up on the top and bottom of the window.
  

🔹 7 RSI Groups

• There are a total of 7 RSI colors.
  
• Range Very Tiny: Default Color Green
  
• Range Tiny: Default Color Purple
  
• Range Small: Default Color Yellow
  
• Range Normal: Default Color Red
  
• Range Large: Default Color Blue
  
• Range Huge: Default Color Dark Purple
  
• Range Very Huge: Default Color White
  

🔹 RSI Group Settings

• Hi/Low Color: Change the Color of that group.
  
• Start/End: The Start and End range of this RSI color. Example if start = 5 and end = 10 the RSI of 5,6,7,8,9,10 will be displayed on the chart for that color, if any of does RSI goes above or bellow the boundary a dot is displayed on that candle.
  
• Delay: The RSI needs to be above or bellow a boundary for x number of candles before displaying a dot. For example if delay = 2 and the RSI is over = 70 for 2 candles then it will display a dot.
  
• Under/Over: Boundaries that indicate when to draw a dot, if over = 70 and RSI crosses above 70 a dot is displayed.
  

🔹 Show

• Section that allows you to disable RSI grounds you dont want to see, this also removes them from the alert signal generated.
  
• Show Low: Show or disable Low RSI dots
  
• Show High: Show or disable High RSI dots
  

🔶 ALERTS

• Alert for all New RSIs Dots Created in real time
  
• The alert generated depends on what groups are showing or not, if the green group is disabled for example the alert will not be generated.
  

🔶 Warning

• When a dot shows up it can continue moving. For example if a purple dot shows itself above a 15 minute candle, if that candle/price continue to extend up the dot will move up with it.
  
• Dots can also disappear occasionally if the RSI moves in and out of a boundary within that candles life span.
  

🔶 Community

I hope you guys find this useful, if you have any questions or feature requests leave me a comment! Take care :D

27 cze 2023

Informacje o Wersji

• Updated Settings making it more intuitive
  

27 cze 2023

Informacje o Wersji

• Fixed redraw but historical data will no longer match up in real time, if dot cross above and bellow a boundary during that candles life span the dot will no longer disappear.
  

25 lip 2023

Informacje o Wersji

Speed up: Removed Second Source
Added Realtime, Confirmed or Default behavior option in settings