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vn5ema
27 sie 2023 09:13

RSI Screener Multi Timeframe [5ema] 

Bitcoin / TetherUSBinance

Opis

This indicator is the simple version of my indicator: RSI Screener and Divergence .
Only show table with values, signals at 5 custom timeframes.

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I reused some functions, made by (i believe that):
©paaax: The table position function.
@kingthies: The RSI divergence function.
@QuantNomad: The function calculated value and array screener for 40+ instruments.
I have commented in my code. Thanks so much!

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How it works:

1. Input :
  • Length of RSI => calculate RSI.
  • Upper/lower => checking RSI overbought/oversold.
  • Right bars / left bars => returns price of the pivot low & high point => checking divergence.
  • Range upper / lower bars => compare the low & high point => checking divergence.
  • Timeframe => request.security another time frame.
  • Table position => display screener table.


2. Input bool:
  • Regular Bearish divergence.
  • Hidden Bullish divergence .
  • Hidden Bearish divergence.


3. Basic calculated:
  • Make function for RSI , pivot low & high point of RSI and price.
  • Request.security that function for earch time frame.
  • Result RSI, Divergence.


4. Condition of signal:

Buy condition:
  • RSI oversold (1)
  • Bullish divergence (2).

=> Buy if (1) and (2), review buy (1) or (2).

Sell condition:
  • RSI overbought (3).
  • Bearish divergence (4).

=> Sell if (3) and (4), review sell (3) or (4).
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Table screener:
  • Time frame.
  • RSI (green - oversold, red - overbought)
  • Divergence (>> - regular bullish , << regular bearish , > - hidden bullish , < - hidden bearish ).
  • Signal (green ⦿ - Buy, red ⦿ - Sell, green 〇 - review buy, red 〇 - review sell).


- Regular Bearish divergence:


- Regular Bullish divergence:


- Regular Bullish divergence + RSI overSold


- Regular Bearish divergence + RSI overBought


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This indicator is for reference only, you need your own method and strategy.
If you have any questions, please let me know in the comments.

Informacje o Wersji

Add up RSI MA.

Informacje o Wersji

sorry!
i update its code again

Informacje o Wersji


  • Optimizing the code
  • Add theme color

Informacje o Wersji

wrong content
Komentarze
Indicator-Jones
Hi, i really like the concept!
the only thing is: with divergence right number of 5 the signales come very late

do you think you could use » tradingview.com/script/tbrsp75I-Better-Divergence-On-Any-Indicator-DoctaBot/
for the divergence instead? it is faster and needs only 1 for the right number and delivered good results.
Thank you 🙏
Indicator-Jones
@Indicator-Jones, i just saw that the better divergence indicator has changed quite a bit. if you open the script editor and select version 4, the older version is better
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