Plot where RSI or MFI is in its Bollinger Bands . Can be used in many different way: as a trend indicator (above below 0.5), part of a trend following strategy when crossing above 0 (resume bullish trend ) or crossing below 1 (resume bearish trend ), also useful for divergences, etc...
Built an all in one indicator providing buy / sell signals for CryptoGuru
from the ProfitTrailer trading bot discord as a Birthday Present for him.
Others on the discord seemed to like it so I am publishing it here for general use.
He made a request in our TradingView channel:
I'm looking to put together a buy signal for a 5 min time
frame that shows...
Simple RSI Divergence with adjustable lookback period.
Highlights bars with higher price but lower RSI (bearish) or lower price but higher RSI (bullish) than the highest/lowest points in the lookback period.
This indicator overlays 5 Reverse Engineered RSI (RERSI) levels on your main chart window.
The RERSI was first developed by Giorgos Siligardos in the June 2003 issue of Stocks and Commodities Magazine. HPotter provided the initial implementation - from which this script is derived - so all credit to them (see: ).
In simple terms, RERSI plots lines on the price...
TradeSpot Pro
Overview
This script is an accompaniment to the existing TradeSpot Pro || All Purpose Advanced Trading Indicator
This script is for swing trading with longs, primarily on Binance / Kucoin / Coinbase and other crypto exchanes but is not limited to those markets. The details of what logic is behind the script can be found on the indicator...
This indicator allows you to trade RSI and MFI oversold and overbought zones with MACD confirmation. It is also possible to take an early trade by checking the " delta " (difference between the fast MACD line and the signal line) (histogram) value of the MACD.
Buy Condition
Both RSI and MFI must be in the oversold area
After that, wait for a MACD crossover
...
RSI for Buy & Sell signal indicator
This indicator support for Buy & Sell signal indicator. Give advice for trader before make decision buy or sell. It was coded base on RSI source code + lengthStoch
Include 3 indicators in 1 set
1- Buy & Sell signal indicator
2- RSI for Buy & Sell signal indicator
3- MACD for Buy & Sell signal indicator
Feel free to inbox me...
Edited version of the script by LazyBear.
Update of my previous script.
Features:
- plot both MFI and/or RSI (LazyBear only allows one of both)
- plot RSI/MFI band (over sold - mid - over bought) + indicator lines
![XRPBTC: CryptoGuru Signals [v2018-08-25]](https://s3.tradingview.com/3/3c5jborq_mid.png "CryptoGuru Signals [v2018-08-25]")
![BTCUSD: MFI/RSI with Volatility Bands [LazyBear (edited)]](https://s3.tradingview.com/g/gJB3elMb_mid.png "MFI/RSI with Volatility Bands [LazyBear (edited)]")
