This script is an enhancement of the original RSI (Relative Strength Index) indicator for TradingView. While the core RSI functionality remains intact, several powerful features have been added to make it a "Better RSI" tool for traders and investors. Key Features: 1. Divergence Detection: The script now includes both Bullish and Hidden Divergence detection....
The Adaptive SMI Ergodic Strategy aims to capture the momentum and direction of a financial asset by leveraging the Stochastic Momentum Index Indicator (SMI) in an ergodic form. The strategy uses two lengths for the SMI, a shorter and a longer one, and an Exponential Moving Average (EMA) to serve as the signal line. Additionally, the strategy incorporates...
This script creates a custom indicator, visualizes two RSI values (RSI1 and RSI2) on the chart and generates alerts based on different RSI-related conditions, which can be used for technical analysis and trading strategies. Users can customize the RSI parameters and alert levels according to their preferences. It includes several input parameters that allow the...
The Volume-Weighted RSI takes a new approach to the traditional calculation of the RSI in using a price::volume calculation. As some traders consider volume to be a leading indicator for price, the volume-weighted RSI can come in handy if you want to visualize volume easier. Usage This indicator builds the RSI from the square of the volume change and the price....
The "RMI Trend Sniper" is a powerful trend-following indicator designed to help traders identify potential buy and sell signals in the market. It combines elements of the Relative Strength Index (RSI) and the Money Flow Index (MFI) to provide a comprehensive view of market momentum and strength. 🔷 Key Features: 🔹 Customizable Settings : Tailor the indicator to...
Overview: MFI Heat Maps are a visually appealing way to display the values of 29 different MFIs at the same time while being able to make sense of it. Each plot within the Indicator represents a different MFI value. The higher you get up, the longer the length that was used for this MFI. This Indicator also features the use of Machine Learning to help balance...
This indicator is made for traders to harness fundamental blockchain data for better decision-making. Unlike traditional tools, this indicator doesn't depend on standard technical indicators. It offers a novel perspective by focusing on core blockchain metrics like capitalization, miner activity, and other intrinsic data elements. I've designed a distinct scoring...
Based on the criteria described in the book "Mean Revision Trading" by Nishant Pant. Bullish signal criteria: Bollinger Bands must be outside Keltner Channel Price near bottom bband DI+ increasing DI- decreasing RSI near bottom and increasing Bearish signal criteria: Bollinger Bands must be outside Keltner Channel Price near upper bband DI+...
Overview The script "VAC - RSI with SMA and EMA Signals" combines the traditional Relative Strength Index (RSI) with Time-based RSI (T-RSI), and adjusts it for volatility to create a Composite RSI (C-RSI). The script further uses Simple Moving Average (SMA) and Exponential Moving Average (EMA) to generate signals for potential trading opportunities. In the "VAC -...
OVERVIEW: This script looks to identify entry point opportunities when moving averages over Bitcoin's hash rate are indicative of Miner capitulation. The script implements an oscillator based on Charles Capriole's "Hash Ribbons & Bitcoin Bottoms" concept. It analyses the short-term and long-term moving averages of Bitcoin's hash rate and then identifies potential...
Intraday Intensity Index This is a volume-based technical indicator that integrates volume with a security’s price. Use this to follow how intraday highs and lows are moving with volume. The Intraday Intensity Index was developed by Dave Bostian. It is one of several indicators that can be used to follow how volume is influencing a security’s price. It...
K’s Reversal Indicator II uses a moving average timing technique to deliver its signals. The method of calculation is as follows: * Calculate a moving average (by default, a 13-period moving average). * Calculate the number of times where the market is above its moving average. Whenever that number hits 21, a bearish signal is generated, and whenever that number...
This indicator is inspired by the book “The Definitive Guide to Forecasting Using W.D. Gann’s Square of Nine”. It’s designed to identify overextended price levels in the market. The indicator uses the concept of Gann’s Square of 9, which is a method for forecasting price movements by observing geometric relationships between price and time. It calculates the...
This drawing tool aims to draw auto Fibonacci Retracement Levels on desired indicators. Users can define the target indicator to draw Auto Fibo Lines, from the "settings tab": There are six commonly used indicators below the charts that can be selected to draw Fibonacci Retracement lines on: RSI : Relative Strength Index CCI : Commodity Channel Index MFI : Money...
This indicator uses triple moving averages to identify the prevailing trend, and calculates the linear regression of the closing price, and of the RSI, to either confirm the current trend direction, or to identify a potential trade reversal. Additionally, it includes a trade management tool that allows you to rate your trade setup according to your selected entry...
The indicator allows you to track overbought/oversold conditions using the Williams indicator on several higher timeframes of the same ticker on one chart. Based on the relative position of the lines of different timeframes and their position relative to the exponential moving average, you can track the occurrence of situations of simultaneous overbought/oversold...
This indicator attempts to show price source delta, mostly for intraday trading but may have applications on higher timeframes. Choose a different symbol from the chart, or use formulas, pick price source (close, open, lows, etc) and a cumulation calculation type. There are three to choose from and the tooltip provides the differences, they are as follows: 1)...
The Symbiotic Exiton Measure Enthropic Nexus (SEMEN) Indicator is a technical analysis tool used in trading and investing. It's name might sound complex, but its function is quite simple - to help traders make informed decisions about buying or selling stocks by predicting market trends. The SEMEN indicator uses a combination of various factors such as volume,...