The strategy couples the concept of rate of change along with the Bollinger bands.
Along with it LazyBear's RSI/MFI with Volatility Indicator is also taken to reduce the number of trades and improve efficiency.
Strategy (in Layman terms):
If in the past 10 candles RSI/MFI with Volatility Indicator has printed a red/green colour and the roc has gone...
Have tried a few different methods but just constantly get errors in different lines of code......been trying for hours *sigh*. Any help would be so greatly appreciated
Long when rsi overbought,
close trade when rsi oversold and < Vstop
//@version=3
strategy("Vstop and RSI", overlay=true)
//RSI Section
length = input(2, "RSI Period")
overSold = input(30,...
Awesome Oscillator in 4 colour with 5 (SMA) as signal line and RSI(2)
Hope this indicator helps you to identify wave peaks, and internal wave peaks using RSI (2) extremes by spotting divergence in RSI (2)
Thanks
Utilizing the Fisher Transform by Ehlers with different lengths based on multipliers will allow you to notice movements in price and understand whether the shift was a correctional wave, or part of the overall trend.
To learn about Fisher Transform , check out the Fisher Transform documentation: www.mesasoftware.com
Fisher has plenty of functionalities....
Take on LazyBear's SB_RSI/MFI with Volatility Indicator.
The original indicator is coupled with the Bollinger Band strategy.
Original Idea:
Wanted to test the indicator with bbstrategy.
Message if you think of any modifications/ enhancements/ any opportunities. :)
Donations/Tips... :) -
BTC: 1BjswGcRR6c23pka7qh5t5k56j46cuyyy2
ETH:...
The code in contains a simple correlation indicator that can be used as an alternative to Tradingview’s built-in “Correlation Coefficient” indicator. The indicator allows users to correlate up to 3 separate instruments on the same subplot. This allows you, for example, to easily see the correlation of your instrument with stocks, bonds and FX. Alternatively, a...
The strategy modifies the original rsi strategy with the addition of compliment si (i.e. 100-rsi).
Strategy Idea: Previous rsi high and low value is recorded when the rsi crosses overBought(70) and OverSold(30) values.
Now when the rsi crosses above the overSold range, the rsi is matched with the compliment of previous high rsi value. If the compliment...
Changed the CCI_Period to 30 and T3_Period to 1
Giving us a much clear indication of when to go long or short when used with RSI and MACD.
Rules:
LONG - RSI above 50, MACD Bullish cross - Use common sense, price action, horizontal support/resistance, 55 and 150 EMA's
SHORT - Inverse rule set - Use common sense, price action, horizontal support/resistance,...
Original idea from Lazybear's script.
I changed value
degree to radian in TradingView
And
I added values ( hline : 1 and -1 )
It is important value from John Ehlers's article.
If I have mistake you comment me.
◊ Introduction
This script indicates the relative movement of price x volume.
◊ Origin
Based on 'The Relative Momentum Index' by Roger Altman : February, 1993 issue of Technical Analysis of Stocks & Commodities magazine.
While RSI counts up and down days from close to close, the Relative Momentum Index counts up and down days from the close relative to a...
(New: Profit booking present which is not present in the previous indicator)
The strategy is based on the indicator posted by @ChrisMoody "CM RSI-2 Strategy Lower Indicator" which is based on "Larry Connors RSI-2 Strategy - Lower RSI"
In this strategy, the longs are placed when a green color is encountered in the rsi in the previous candle and short when the...
Just a basic indicator I rigged up to help reduce screen real estate that ended up providing more insight than expected; overlays both the stochastic and stochastic RSI. While I initially made this to save space, I've begun to pick up on some interesting patterns in cryptocurrencies based on the divergence of stochastic from the stochastic RSI, and the comparison...
The strategy is based on the indicator posted by @ChrisMoody "CM RSI-2 Strategy Lower Indicator" which is based on "Larry Connors RSI-2 Strategy - Lower RSI"
In this strategy the longs are placed when a green color is encountered in the rsi and short when red color is encountered in the rsi.
Although the profits can be booked at different interval.
Just message...
Edit of LazyBear's CCT Bollinger Band Oscillator. Includes changing the scale from 0-100 to 0-1, default length to 20 and line width to 1 to further match BB %B and address some middle line inconsistencies at certain zoom levels
