Return the percentage of closing prices greater than SMA's with periods within a user-selected range. An exponential moving average applied to these results is also displayed (in orange). Settings Min : Minimum period of the SMA in the range Max : Maximum period of the SMA in the range Smooth : Period of the EMA Src : Input series of the indicator ...
There are many indicators of overbought/oversold conditions out there. Some of more common ones are: - Bollinger Bands %B - Money Flow Index (MFI) - Relative Strength Index (RSI) - Stochastic This script uses a combination of these 4 oscillators to confirm overbought/oversold and filter the signals of market reverse which could be used for trading binary...
This is a simple RSI indicator that overlays the current chart to show labels for specified oversold and overbought areas defined with inputs. It will delete any labels of the same kind within the last 3 candles so you don't see as many labels as you would otherwise. Red labels with white text represent overbought RSI levels as defined by the user. Green labels...
The Dynamic RSI indicator is a kind of exponential RSI. The overbought and oversold levels (respectively HiLine and LoLine) are calculated according to the recent highest and lowest values of the Dynamic RSI line.
This is a breakout signal script based on reverse engineering of RSI. It shows a channel of overbought and oversold readings that the trader can sett in settings. When low crosses under lower line it shows bullish signal and when high is crossing upper line it shows a bearish signal. The script also has wilder's moving average as filter instead of high/low. Good...
This script simply colors the candles based on the defined "overbought" and "oversold" RSI-levels set in the input section of the indicator. If the price is below the oversold level, the candle is colored in yellow. If the price is above the overbought level, the candle is colored in aqua. If the price moves back between both levels, no color will be...
This is a very simple but quite powerful indicator which looks at the RSI simultaneously over the 4h, Daily and Weekly timeframes, and places bands on the chart when one or more timeframes move into oversold/overbought territory. For further filtering I use the 200 day SMA to determine if we are in a Bull or Bear market, which puts a bias on the RSI (30/80 in a...
About I have used this indicator to find many lucrative opportunities. This indicator takes the moving average of CCI in custom, volatility-specific conditions. CCI measures "overbought" in the red-shaded region and "Oversold" in the green-shaded region. The shaded regions do not constitute a buy/sell signal alone, the MS CCI Squeeze is best used when market...
Example of how to apply and use Dynamic Zones with an indicator by injecting it's source into my adaptation of the original idea by Leo Zamansky, Ph.D., and David Stendahl. • Load your desired oscillating indicator on your chart (CCI, RSI, etc). • Load my "How To Use Dynamic Zones" indicator on your chart. • In the "How To Use Dynamic Zones" indicator settings...
Here is the Stochastic Oscillator function. Now you can easily use length with mutable variables !!
The relative strength index function is defined. Now you can easily use length with mutable variables !!
Combination of Chris Moody's RSI + EMA with the background flashes from the Ultimate MTF RSI. Made by request.
Visualize on your chart when price in an oversold or overbought zone. A combination of Rsi and Stochasticrsi is used for higher probability. Wait for an zone to be displayed and then wait for price to exit a zone. Once this happens check candlestick patterns and support/resistance "lines" to find appropiate stoplosses for you entry or exit
Script to visualize the overbought and oversold condition on multiple timeframes. Good way to determine when you have a lower risk for enter a trade or to determine when you need to be on the lookout to sell.
Here is an open source (no request needed!) version of the Self-Adjusting RSI by David Sepiashvili. Published in Stocks & Commodities V. 24:2 (February, 2006): The Self-Adjusting RSI David Sepiashvili's article, "The Self-Adjusting RSI," presents a technique to adjust the traditional RSI overbought and oversold thresholds so as to ensure that 70-80% of RSI...
Spiky Iguana Multi RSI Bands by RagingRocketBull 2018 Version 1.0 This indicator shows multiple RSI Bands with prices corresponding to specified overbought/oversold RSI levels. It is used to extrapolate the exact price levels currently matching a given set of RSI levels based on prior price/RSI levels action. You can think of it as a reverse RSI where RSI levels...
This indicator was originally developed by Sylvain Vervoort (Stocks & Commodities, V.26:11 (October, 2008): "ARSI, The Asymmetrical RSI").