Multiple MAs Signals with RSI MA Filter & Signal

16 maj

About the Script

The "Multiple Moving Averages Signals with RSI MA Filter and Golden Signals" script is a comprehensive trading tool designed to provide traders with detailed insights and actionable signals based on multiple moving averages and RSI (Relative Strength Index). This script combines traditional moving average crossovers with RSI filtering to enhance the accuracy of trading signals and includes "golden" signals to highlight significant long-term trend changes.

This script integrates several technical indicators and concepts to create a robust and versatile trading tool. Here's why this combination is both original and useful:

1. Multiple Moving Averages:
- Why Use Multiple MAs: Different types of moving averages (SMA, EMA, SMMA, WMA, VWMA, Hull) offer unique perspectives on price trends and volatility. Combining them allows traders to capture a more comprehensive view of the market.
- Purpose: Using multiple moving averages helps identify trend direction, support/resistance levels, and potential reversal points.

2. RSI MA Filter:
- Why Use RSI: RSI is a momentum oscillator that measures the speed and change of price movements. It is used to identify overbought or oversold conditions in a market.
- Purpose: Filtering signals with RSI moving averages ensures that trades are taken in line with the prevailing momentum, reducing the likelihood of false signals.

3. Golden Signals:
- Why Use Golden Crosses: A golden cross (50-period MA crossing above the 200-period MA) is a well-known bullish signal, while a death cross (50-period MA crossing below the 200-period MA) is bearish. These signals are widely followed by traders and institutions.
- Purpose: Highlighting these significant long-term signals helps traders identify major buy or sell opportunities and align with broader market trends.

How the Script Works

1. Moving Average Calculations:
- The script calculates multiple moving averages (MA1 to MA5) based on user-selected types (SMA, EMA, SMMA, WMA, VWMA, Hull) and periods (9, 21, 50, 100, 200).
- Golden Moving Averages: Separately calculates 50-period and 200-period moving averages for generating golden signals.

2. RSI and RSI MA Filter:
- RSI Calculation: Computes the RSI for the given period.
- RSI MA: Calculates a moving average of the RSI to smooth out the RSI values and reduce noise.
- RSI MA Filter: Traders can enable/disable RSI filtering and set custom thresholds to refine long and short signals based on RSI momentum.

3. Long & Short Signal Generation:
- Long Signal: Generated when the short-term moving average crosses above both the mid-term and long-term moving averages, and the RSI MA is below the specified threshold (if enabled).
- Short Signal: Generated when the short-term moving average crosses below both the mid-term and long-term moving averages, and the RSI MA is above the specified threshold (if enabled).


4. Golden Signals:
- Golden Long Signal: Triggered when the 50-period golden moving average crosses above the 200-period golden moving average.
- Golden Short Signal: Triggered when the 50-period golden moving average crosses below the 200-period golden moving average.


How to Use the Script

1. Customize Inputs:
- Moving Averages: Choose the type of moving averages and set the periods for up to five different moving averages.
- RSI Settings: Adjust the RSI period and its moving average period. Enable or disable RSI filtering and set custom thresholds for long and short signals.
- Signal Colors: Customize the colors for long, short, and golden signals.
- Enable/Disable Signals: Toggle the visibility of long, short, and golden signals.

2. Observe Plots and Signals:
- The script plots the selected moving averages on the chart.
- Long and short signals are marked with labels on the chart, with customizable colors for easy identification.
- Golden signals are highlighted with specific labels to indicate significant long-term trend changes.

3. Analyze and Trade:
- Use the generated signals as part of your trading strategy. The script provides visual cues to help you make informed decisions about entering or exiting trades based on multiple technical indicators.

Unique Features

1. Integration of Multiple Moving Averages: Combines various moving average types to provide a holistic view of market trends.
2. RSI MA Filtering: Enhances signal accuracy by incorporating RSI momentum, reducing the likelihood of false signals.
3. Golden Signals: Highlights significant long-term trend changes, aligning with broader market movements.
4. Customizability: Offers extensive customization options, allowing traders to tailor the script to their specific trading strategies and preferences.

feel free to comments.

19 maj

Informacje o Wersji

How the Script Works
Moving Average Calculations:

The script calculates multiple moving averages (MA1 to MA5) based on user-selected types (SMA, EMA, SMMA, WMA, VWMA, Hull) and periods (9, 21, 50, 100, 200).
Golden Moving Averages: Separately calculates 50-period and 200-period moving averages for generating golden signals.
https://www.tradingview.com/x/yeMFnYpj/
RSI and RSI MA Filter:

RSI Calculation: Computes the RSI for the given period.
RSI MA: Calculates a moving average of the RSI to smooth out the RSI values and reduce noise.
RSI MA Filter: Traders can enable/disable RSI filtering and set custom thresholds to refine long and short signals based on RSI momentum.

Signal Generation:

Long Signal: Generated when the short-term moving average crosses above both the mid-term and long-term moving averages, and the RSI MA is below the specified threshold (if enabled).
Short Signal: Generated when the short-term moving average crosses below both the mid-term and long-term moving averages, and the RSI MA is above the specified threshold (if enabled).
https://www.tradingview.com/x/yeMFnYpj/

Golden Signals:

Golden Long Signal: Triggered when the 50-period golden moving average crosses above the 200-period golden moving average.
https://www.tradingview.com/x/rE1uTcUR/

Golden Short Signal: Triggered when the 50-period golden moving average crosses below the 200-period golden moving average.
https://www.tradingview.com/x/s1vTIoif/

Indicator Setting explanation :

Detailed explanation of each setting in my script:

Inputs Tab

1. Moving Average Type
- Description: This setting allows you to select the type of moving average you want to use. The options include:
- Simple Moving Average (SMA)
- Exponential Moving Average (EMA)
- Smoothed Moving Average (SMMA)
- Weighted Moving Average (WMA)
- Volume-Weighted Moving Average (VWMA)
- Hull Moving Average (Hull)
- How to Use: Choose your preferred moving average type from the dropdown menu.

2. Golden Signal MA Type
- Description: This setting lets you choose the type of moving average specifically for generating golden signals. The available types are the same as the Moving Average Type setting.
- How to Use: Select the moving average type from the dropdown menu for golden signals.

3. Periods (Period 1 to Period 5)
- Description: These settings allow you to define the periods for up to five different moving averages. A period determines how many data points are considered for the moving average calculation.
- How to Use: Enter the number of periods you want for each moving average. For example, you might use 9, 21, 50, 100, and 200 periods.

4. Line Thickness
- Description: This setting controls the thickness of the moving average lines plotted on the chart.
- How to Use: Enter a number to set the line thickness. For example, 1 for a thin line, 2 for a medium line, etc.

5. Show MA (MA1 to MA5)
- Description: These settings let you toggle the visibility of each moving average on the chart.
- How to Use: Check the box to show a moving average or uncheck it to hide it.

6. RSI Period
- Description: This setting defines the period for calculating the Relative Strength Index (RSI).
- How to Use: Enter the number of periods for the RSI calculation, commonly 14 periods.

7. RSI MA Period
- Description: This sets the period for the moving average of the RSI, which smooths out the RSI values.
- How to Use: Enter the number of periods for the RSI moving average, commonly 9 periods.

8. Use RSI MA Filter
- Description: This toggle enables or disables the use of the RSI moving average as a filter for generating signals.
- How to Use: Check the box to enable the RSI MA filter, or uncheck it to disable it.

9. Use RSI MA Filter for Long/Short Signals
- Description: These toggles separately enable or disable the RSI MA filter for long (buy) and short (sell) signals.
- How to Use: Check the boxes to enable the RSI MA filter for long or short signals as needed.

10. RSI MA Threshold for Long/Short Signals
- Description: These settings define the RSI moving average thresholds for filtering long and short signals.
- How to Use: Enter the RSI MA threshold value. For example, you might set 45 for long signals and 55 for short signals.

11. Enable Long/Short Signals
- Description: These toggles enable or disable the generation of long and short signals.
- How to Use: Check the boxes to enable or disable long or short signals.

12. **Enable Golden Long/Short Signals**
- **Description**: These toggles enable or disable the generation of golden long and short signals, which are based on significant moving average crossovers.
- **How to Use**: Check the boxes to enable or disable golden long or short signals.

Style Tab

1. **Color Options for MA1 to MA5**
- **Description**: These settings allow you to choose the colors for each of the moving averages.
- **How to Use**: Select the desired color for each moving average line from the color picker.

2. **Long Signal Color**
- **Description**: This setting lets you choose the color for long (buy) signals.
- **How to Use**: Select the color for long signals from the color picker.

3. **Short Signal Color**
- **Description**: This setting lets you choose the color for short (sell) signals.
- **How to Use**: Select the color for short signals from the color picker.

4. **Golden Long Signal Color**
- **Description**: This setting lets you choose the color for golden long signals, which indicate major buy opportunities.
- **How to Use**: Select the color for golden long signals from the color picker.

5. **Golden Short Signal Color**
- **Description**: This setting lets you choose the color for golden short signals, which indicate major sell opportunities.
- **How to Use**: Select the color for golden short signals from the color picker.

6. **Signal Background Colors**
- **Description**: These settings allow you to choose the background colors for long and short signals.
- **How to Use**: Select the background colors for long and short signals from the color picker.

Visibility Tab

- **Description**: This tab allows you to control the visibility of each moving average and signal on different timeframes.
- **How to Use**: Check or uncheck the boxes to show or hide the elements on different timeframes (e.g., daily, weekly, monthly).

By understanding and customizing these settings, you can tailor the script to better suit your trading strategy and preferences.
Please feel free to ask any questions, and feedbacks are always welcome

19 maj

Informacje o Wersji

Only main Chart Update.