TradingView
ZenAndTheArtOfTrading
25 sie 2017 07:36

RSI+ Overbought/Sold Indicator 

OANDA:USDCHF240
USD/CHFOANDA

Opis

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This is a very simple script that plots signals on the chart whenever the RSI crosses the given threshold. Nothing fancy, but it is useful for deciding when to exit trades or prepare for pullbacks or for confirming that the market is currently in the middle of an extremely impulsive move or trend. It has alert functionality and you can set the overbought/sold thresholds and RSI length in the options menu.

Note: I definitely wouldn't recommend using it to enter trades unless you're an experienced counter-trend trader :)

Regards -
Matt.

Informacje o Wersji

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Removed text labels to make indicator more subtle. Very useful as a background confirmation tool against support & resistance for counter-trend opportunities or for gauging momentum during over-extended pullbacks for trend-continuation opportunities.

Informacje o Wersji

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Informacje o Wersji

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Minor improvements

Informacje o Wersji

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Updated to Pine Script v5
OscillatorsRelative Strength Index (RSI)Volatilityrsi_overboughtrsi_oversold
Komentarze
rizwanahmed10295
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what is belaow rsi indicator that showing real time rsi iwant that please
pikachuventures
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How would you do, if you wanted to plot only 1 time only between every 10 candles ?
ZenAndTheArtOfTrading
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@pikachuventures, Add this to beneath the line that says "rsiOS = rsi <= rsiOversold":

// Check to see if a signal has been generated within our lookback period
for i = 1 to 10
if(rsiOB)
rsiOB := false
if(rsiOS)
rsiOS := false
ZenAndTheArtOfTrading
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@pikachuventures, Here's a modified version of this script that will do what you need: pastebin.com/mGLVB9gD

Have fun & good luck with your trading :)
wbtvent
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@ZenAndTheArtOfTrading, how do I enter the script on mt4 to setup the alerts?
ZenAndTheArtOfTrading
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@wbtvent, TradingView scripts do not work on Metatrader, you'll need to find an equivalent script written in MQL
rampaige91
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Hi, can you please make a non repainting MTF RSI Strategy/indicator?
I would like to use this as an entry signal but it repaints! Can you please help me with this.

rsi_tf = input.timeframe(title="RSI Timeframe", defval="60")
rsi_src = input.source(close, title="RSI Source")
rsi_len = input.int(9, minval=1, title="RSI Length")
rsi_ta = ta.rsi(rsi_src, rsi_len)
rsi_low = input.int(70, minval=5, maxval=95, step=1)
rsi_sec = request.security(syminfo.tickerid, rsi_tf, rsi_ta)
rsi_long_signal = rsi_sec < rsi_low
Ibrahim577
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@rampaige91, hi
mrrobot58
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Thank you very useful, is it possible to insert the trailing (RSI) for both the buy and the sell, with alerts to connect it as a signal to 3 commas?
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