OPEN-SOURCE SCRIPT
Kzx | RSI + Div + MACD
Components Description:
Relative Strength Index (RSI):
Purpose: Measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset.
Implementation: The script allows users to set the length of the RSI calculation and defines overbought and oversold levels, which can be visually represented on the chart. Additional features include options to fill and/or color the background of the chart when overbought or oversold levels are reached.
Divergence (Div):
Purpose: Identifies instances where the price of an asset is moving in the opposite direction of a momentum indicator, such as the RSI in this script. Divergences can signal potential trend reversals.
Implementation: The script provides options for users to define the conditions under which divergences are identified, including the source of price tops/bottoms, detection limits, and the maximum lookback period for divergence analysis. It visually highlights these divergences on the chart.
Moving Average Convergence Divergence (MACD):
Purpose: Tracks the relationship between two moving averages of a security's price. The MACD is used to identify trend direction, momentum, and potential reversal points through crossovers.
Implementation: The script calculates the MACD line and its signal line. It plots buy or sell markers based on crossovers between these two lines, indicating potential entry or exit points.
Script Category:
Category: Technical Analysis / Indicators and Strategies
Subcategory: Oscillators (for RSI and MACD) and Trend Analysis (for Divergence)
Usage:
The script is designed for traders and analysts who rely on technical analysis to make informed decisions in the financial markets. By integrating RSI, divergence detection, and MACD analysis into a single script, users can gain a more nuanced understanding of market conditions, potentially improving their trading strategies.
Customization and Visualization:
Users can customize various parameters, including lengths for RSI and MACD, overbought/oversold levels, divergence detection criteria, and visual aspects like colors and marker sizes.
The script provides visual cues directly on the price chart, making it easy to spot potential buy/sell signals, overbought/oversold conditions, and divergences without the need to switch between different indicators.
Relative Strength Index (RSI):
Purpose: Measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset.
Implementation: The script allows users to set the length of the RSI calculation and defines overbought and oversold levels, which can be visually represented on the chart. Additional features include options to fill and/or color the background of the chart when overbought or oversold levels are reached.
Divergence (Div):
Purpose: Identifies instances where the price of an asset is moving in the opposite direction of a momentum indicator, such as the RSI in this script. Divergences can signal potential trend reversals.
Implementation: The script provides options for users to define the conditions under which divergences are identified, including the source of price tops/bottoms, detection limits, and the maximum lookback period for divergence analysis. It visually highlights these divergences on the chart.
Moving Average Convergence Divergence (MACD):
Purpose: Tracks the relationship between two moving averages of a security's price. The MACD is used to identify trend direction, momentum, and potential reversal points through crossovers.
Implementation: The script calculates the MACD line and its signal line. It plots buy or sell markers based on crossovers between these two lines, indicating potential entry or exit points.
Script Category:
Category: Technical Analysis / Indicators and Strategies
Subcategory: Oscillators (for RSI and MACD) and Trend Analysis (for Divergence)
Usage:
The script is designed for traders and analysts who rely on technical analysis to make informed decisions in the financial markets. By integrating RSI, divergence detection, and MACD analysis into a single script, users can gain a more nuanced understanding of market conditions, potentially improving their trading strategies.
Customization and Visualization:
Users can customize various parameters, including lengths for RSI and MACD, overbought/oversold levels, divergence detection criteria, and visual aspects like colors and marker sizes.
The script provides visual cues directly on the price chart, making it easy to spot potential buy/sell signals, overbought/oversold conditions, and divergences without the need to switch between different indicators.
Skrypt open-source
W prawdziwym duchu TradingView autor tego skryptu opublikował go jako open source, aby inwestorzy mogli go zrozumieć i zweryfikować. Pozdrowienia dla autora! Możesz go używać bezpłatnie, ale ponowne użycie tego kodu w publikacji podlega Zasadom Regulaminu. Możesz go oznaczyć jako ulubione, aby użyć go na wykresie.
Chcesz użyć tego skryptu na wykresie?
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.