Candlesticked RSI v2 for price action traders! See the True Momentum.
6 chart type, smooth RSI , add signal lines, find divergences, special alerts
This is 2nd version with major upgrade Improved and more powerful
fully customizable.
features:
See RSI in 6 type of chart(Candles, Hollow Candles, Siwi Candles, Heikin Ashi, HL Bar, Line)
Monitor Up to 3 RSI , each one at desired resolution, source and length
Smooth each one of chart separately to remove noises
Add up to 3 signal line to primary chart in your desired source and type( SMA , EMA , WMA , HMA )
Find divergences which has special parameters
Gradient color adjustment of line chart
Add alert for reaching to important levels and detected divergences
Informacje o Wersji
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Major Upgrade
Bugs fixes, Improvements and New Features
Bugs fixed
Hollow candle and Heikin Ashi weren't work correctly
Improvements
Divergence detector can use high|low data of selected chart type and adapt itself
Algorithms have been edited, they are faster and better while they are shorter
New Features
When we have real information, why not use it? Stochastic RSI is here!
As you know, the input data to Stochastic are close, high, low. Normally this is not possible for Stochasti RSI, so it only can processes one of OHLC as input. But now we were able to generate these data, so we used them to create a real stochastic. Of course its input data will change as you change chart type(like div detector).
Pivot detection:
You can enter your desired parameters and find pivot points. This feature is very useful for counting price waves and steps and detecting divergences that the system has not been able to find those.
Signalized Candles chart type:
We were able to add three signal lines to the primary chart. We turned the data of these three lines into candles. To use this feature, the length of signal lines must be in ascending order. That is, A is faster than B and B is faster than C.
We take the signal line A value as close and B as open. If this candle is bullish, the signal line C will used as low and vice versa
I set the default values experimentally and they work fine and recommend using the HMA for signal lines type since it react faster. Let me know if you find good settings! I will publish more about how to use this mode to generate a signal, and I will go into more detail in that.
I hope it will be useful Let us know what you think
This indicator looks good need full information about this indicator can anyone send me yotube video for this indicator detail...by the way thanqs xbtbax
FXBombSquadron
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This indicator is awesome! I just wish you had a money flow index on this and it would be perfect!
Algorca
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@Tbenford88, Maybe I should to add it on next upgrade :)
SushmitSakunde
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can you teach this indicator coding please give ur contact number
candlestix101
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do you have something like this for think or swim?
justclueless123
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hello dear friend the idea with the candlestick rsi + ema rsi is wonderful and very useful !:)
can i ask/suggest to make one improvement - mark ( maybe color it or put a star/triangle under/above the candle) on chart itself when the cross is happening
sincerely
SugarTrader77
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This is an incredible piece of work. congrats.
Gray_SC
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This indicator is great! My next suggestion would to be to add in Hidden Divergence! Thanks for your hard work on this
JBhebZ
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the indicator is so useful in spotting divergence. thank you for this. will be using this for a while.
Algorca
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@JBhebZ, I'm glad to hear this.
Thanks for your attention.