Enhanced RSI with Phases, Divergences & Volume Control:
This advanced RSI indicator expands on the traditional Relative Strength Index by introducing dynamic exhaustion phase detection, automatic divergence identification, and volume-based control evaluation. It provides traders with actionable insights into trend momentum, potential reversals, and market dominance.
Key Features: Dynamic Exhaustion Phases:
Identifies real phases of the RSI based on slope and momentum: Acceleration: Momentum increasing rapidly (green phase). Deceleration: Momentum weakening (red phase). Plateau: Momentum flattening (yellow phase). Neutral: No significant momentum shift detected. Phases are displayed dynamically in a box on the chart. Automatic Divergence Detection:
Bullish Divergence: Identified when price makes a lower low while RSI makes a higher low. Bearish Divergence: Identified when price makes a higher high while RSI makes a lower high. Divergences are marked directly on the RSI chart with labeled circles. Volume-Based Control Evaluation:
Analyzes price action relative to volume to determine market dominance: Bulls in Control: Closing price is higher than the opening price. Bears in Control: Closing price is lower than the opening price. Neutral: No significant dominance (closing equals opening). Volume status is displayed alongside the RSI phase in the chart’s top-left box. Custom RSI Plot:
Includes overbought (70), oversold (30), and neutral (50) levels for easier interpretation of market conditions. RSI plotted in blue for clarity. How to Use: Add to Chart:
Apply this indicator to any chart in TradingView. Interpret the RSI Phase Box:
Use the RSI phase (Acceleration, Deceleration, Plateau, Neutral) to identify trend momentum. Combine the phase with the volume status (Bulls or Bears in Control) to confirm market sentiment. Identify Divergences:
Look for Bullish Divergence (potential upward reversal) or Bearish Divergence (potential downward reversal) marked directly on the RSI chart. Adjust Settings:
Customize the RSI period, phase sensitivity, and divergence lookback period to fit your trading style. Disclaimer: This indicator is a tool to assist with technical analysis. It is not a financial advice or a guarantee of market performance. Always combine this indicator with other methods or strategies for better results.
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.
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.