MACD of RSI [TORYS]

17 maj

MACD of RSI [TORYS] — Momentum & Divergence Scanner

Description:

This enhanced oscillator applies MACD logic directly to the Relative Strength Index (RSI) rather than price, giving traders a clearer look at internal momentum and early shifts in trend strength. Now featuring a custom histogram, dual MA types, and RSI-based divergence detection — it’s a complete toolkit for identifying exhaustion, acceleration, and hidden reversal points in real time.

How It Works:

Calculates the MACD line as the difference between a fast and slow moving average of RSI. Adds a Signal Line (MA of the MACD) and plots a Histogram to show momentum acceleration/deceleration. Both RSI MAs and the Signal Line can be toggled between EMA and SMA for custom tuning.

Divergence Detection:

• Bullish Divergence: Price makes a lower low while RSI makes a higher low → labeled with a green “D” below the curve.
  
• Bearish Divergence: Price makes a higher high while RSI makes a lower high → labeled with a red “D” above the curve.
  

Configurable lookback window for tuning sensitivity to pivots, with 4 as the sweet spot.

RSI Pivot Dot Signals:

• Plots green dots at RSI oversold pivot lows below 30,
  
• Plots red dots at overbought pivot highs above 70.
  

Helps detect short-term exhaustion or bounce zones, plotted right on the MACD-RSI curve.

RSI 50 Crosses (Optional):

Optional ▲ and ▼ labels when RSI crosses its 50 midline — useful for momentum trend shifts or pullback confirmation, or to detect consolidation.

Histogram:

Plotted as a column chart showing the distance between MACD and Signal Line.

Colored dynamically:

• Bright green: Momentum rising above zero
  
• Light green: Weakening above zero
  
• Bright red: Momentum falling below zero
  
• Light red: Weakening below zero
  

The zero line serves as the mid-point:

• Above = Bullish Bias
  
• Below = Bearish Bias
  

How to Interpret:

Momentum Confirmation:

Use MACD cross above Signal Line with a rising histogram to confirm breakouts or trend entries.

Histogram shrinking near zero = momentum weakening → caution or reversal.

Exhaustion & Reversals:

Dot signals near RSI extremes + histogram peak can suggest overbought/oversold pressure.

Use divergence labels ("D") to spot early reversal signals before price breaks structure.

Inputs & Settings:

• RSI Length
  
• Fast/Slow MA Lengths for MACD (applied to RSI)
  
• Signal Line Length
  
• MA Type: Choose between EMA and SMA for MACD and Signal Line
  
• Pivot Sensitivity for dot markers
  
• Divergence Logic Toggle
  
• Show/hide RSI 50 Crosses
  

Best For:

• Traders who want momentum insight from inside RSI, not price
  
• Scalpers using divergence or exhaustion entries
  
• Swing traders seeking entry confirmation from signal crossovers
  
• Anyone using multi-timeframe confluence with RSI and trend filters
  

Pro Tips:

Combine this with:

• Bollinger Bands breakouts and reversals
  
• VWAP or EMAs to filter entries by trend
  
• Volume spikes or BBW squeezes for volatility confirmation
  
• TTM Scalper Alert to sync structure and momentum
  

19 maj

Informacje o Wersji

In this version:

• Removing RSI 50 crossing.
  
• Correcting the divergence logic.
  
• Adding reversal signals.
  

19 maj

Informacje o Wersji

In this version:

• Removing RSI 50 crossing.
  
• Correcting the divergence logic.
  
• Adding reversal signals.
  

23 maj

Informacje o Wersji

Adding crossover alerts when internal RSI crosses 50, confirmed with MACD histogram slope or MACD line crossing or already above its signal, for breakouts entry points.

23 maj

Informacje o Wersji

Grouping settings