RSI Bands With RSI - ATR Trend LineRSI Bands With RSI - ATR Trend Line (Smoothed Baseline)
Overview
A trend-following tool that fuses RSI-based regime detection with a smoothed baseline and ATR bands. Trend line aims to stay with the RSI move, cut random noise, and flip cleanly. The line draws green in bulls and red in bears; signals fire only on candle close confirmed flips.
Key Features
✅ Dynamic Trend Detection
RSI (>50 / <50) sets bullish/bearish regime
Smoothed baseline adapts to price while damping whipsaw
ATR-based bands expand/contract with volatility
✅ Precise Signal Generation
Buy when trend flips to bullish (close confirms above the upper band)
Sell when trend flips to bearish (close confirms below the lower band)
Flips require a real band break → fewer false transitions
✅ Visual Clarity
Green line = bullish trend, Red line = bearish trend
✅ Customizable Settings
RSI Length (default 14)
Baseline Smoothing (default 26)
ATR Length (default 14)
ATR Multiplier (default 1.4)
Toggles for Signals and Labels
✅ TradingView Alerts
Built-in Buy & Sell alerts (recommend Once per bar close)
How It Works
Algorithm Logic
RSI Regime: RSI above/below 50 sets bull/bear. At exactly 50, the prior target is carried forward.
Target & Smoothing: A per-bar target is built from the bar’s range and RSI, then smoothed with an EMA-style filter (Baseline Smoothing) to form the baseline.
ATR Bands: Upper/Lower = baseline ± (ATR × Multiplier).
Flip Rule (Supertrend-like):
Close above upper band → bullish flip; trend line tracks the lower band (green).
Close below lower band → bearish flip; trend line tracks the upper band (red).
Between bands → prior trend line persists.
Signals/Alerts: A flip event generates a Buy/Sell signal and alert.
Best Use Cases
Trending Markets – Built to ride sustained moves in either direction.
Multiple Timeframes – Works from intraday to higher TFs; higher TFs usually produce cleaner flips.
Various Asset Classes – Forex, Indices, Stocks, Crypto, Commodities; ATR adapts to volatility.
Recommended Settings
Conservative (Lower Frequency)
RSI 14–20 • Baseline 34 • ATR 14–21 • Multiplier 1.8–2.2
Use for swing/position trading; calmer signal stream.
Balanced (Default)
RSI 14 • Baseline 26 • ATR 14 • Multiplier 1.4
Good general-purpose setup for swing or active intraday.
Aggressive (Higher Frequency)
RSI 10–14 • Baseline 13–21 • ATR 10–14 • Multiplier 1.1–1.3
For scalping/day trading; earlier but noisier flips.
🎨 Visual Elements
RSI Smooth baseline (soft blue)
Upper/Lower ATR Bands (faint blue)
Trend Line (Bull/Bear) drawn only in the active regime (green/red)
Optional Buy/Sell arrows and labels
⚠️ Important Notes
Signals on Close
Flips confirm on bar close. Intrabar crosses can revert; wait for confirmation.
Risk Management
Size positions appropriately; many traders trail beyond the opposite band/line.
Factor in spread, slippage, sessions, and news.
Confirmation & Testing
Combine with structure/volume/HTF bias if desired.
Backtest and forward-test per instrument and timeframe.
For research/education only; not financial advice.
ค้นหาในสคริปต์สำหรับ "rsi"
RSI Divergence (Nikko)RSI Divergence by Nikko
🧠 RSI Divergence Detector — Nikko Edition This script is an enhanced RSI Divergence detector built with Pine Script v6, modified for better visuals and practical usability. It uses linear regression to detect bullish and bearish divergences between the RSI and price action — one of the most reliable early signals in technical analysis.
✅ Improvements from the Original:
- Clean divergence lines using regression fitting.
- Optional label display to reduce clutter (Display Labels toggle).
- Adjustable line thickness (Display Line Width).
- A subtle heatmap background to highlight RSI overbought/oversold zones.
- Uses max accuracy with high calc_bars_count and custom extrapolation window.
🔍 How It Works: The script applies linear regression (least squares method) on both RSI data, and Price (close) data.
It then compares the direction of RSI vs. direction of Price over a set length. If price is making higher highs while RSI makes lower highs, it's a bearish divergence. If price is making lower lows while RSI makes higher lows, it's a bullish divergence. Additional filters (e.g., momentum and slope thresholds) are used to validate only strong divergences.
🔧 Input Parameters: RSI Length: The RSI period (default: 14). RSI Divergence Length: The lookback period for regression (default: 25). Source: Which price data to calculate RSI from (default: close). Display Labels: Show/hide “Bullish” or “Bearish” labels on the chart. Display Line Width: Adjusts how thick the plotted divergence lines appear.
📣 Alerts: Alerts are built-in for both RSI Buy (bullish divergence) and RSI Sell (bearish divergence) so you can use it in automation or notifications.
🚀 Personal Note: I’ve been using this script daily in my own trading, which is why I took time to improve both the logic and visual clarity. If you want a divergence tool that doesn't clutter your chart but gives strong signals, this might be what you're looking for.
RSI Disparity SignalRSI Disparity Signal Indicator
Overview:
This TradingView indicator detects when the RSI is significantly lower than its RSI-based moving average (RSI MA). Whenever the RSI is 20 points or more below the RSI MA, a signal (red dot) appears above the corresponding candlestick.
How It Works:
Calculates RSI using the default 14-period setting.
Calculates the RSI-based Moving Average (RSI MA) using a 14-period simple moving average (SMA).
Measures the disparity between the RSI and its MA.
Generates a signal when the RSI is 20 points or more below the RSI MA.
Plots a red circle above the candlestick whenever this condition is met.
Customization:
You can modify the RSI length and MA period to fit your trading strategy.
Change the plotshape() style to use different symbols like triangles or arrows.
Adjust the disparity threshold (currently set at 20) to make the signal more or less sensitive.
Use Case:
This indicator can help identify potentially oversold conditions where RSI is significantly below its average, signaling possible price reversals.
RSI Divergence - Left Candles Onlyrsi
The **RSI Divergence** indicator in this script is designed to highlight **divergence** between the **Relative Strength Index (RSI)** and **price action** on a chart. Divergence can be a key signal for potential trend reversals or continuation in technical analysis.
### **Key Components of the Indicator:**
1. **RSI Calculation:**
- The **Relative Strength Index (RSI)** is calculated using a typical 14-period length, but the user can customize this input.
- RSI is a momentum oscillator that measures the speed and change of price movements, oscillating between 0 and 100. Values above 70 indicate overbought conditions, and values below 30 indicate oversold conditions.
2. **Divergence Logic:**
- **Bullish Divergence:** Occurs when the price forms a **lower low**, but the RSI forms a **higher low**. This suggests that despite price continuing to drop, momentum (RSI) is strengthening, which may indicate a potential price reversal to the upside.
- **Bearish Divergence:** Occurs when the price forms a **higher high**, but the RSI forms a **lower high**. This indicates that even though price is rising, the momentum (RSI) is weakening, which could signal a price reversal to the downside.
3. **Pivot Identification:**
- The script identifies **pivot points** (local highs and lows) on both price and RSI.
- **Bullish Divergence:** A lower price low with a higher RSI low.
- **Bearish Divergence:** A higher price high with a lower RSI high.
4. **Lookback Periods:**
- **Lookback Left (lookbackLeft):** Defines the number of bars to look back for pivot confirmation. This allows for adjusting the sensitivity of the divergence.
- The **divergence range** is constrained by two parameters:
- **Minimum range (rangeLower):** The minimum number of bars for divergence to be considered.
- **Maximum range (rangeUpper):** The maximum number of bars for divergence to be considered.
5. **Signal Generation and Plotting:**
- When a **bullish divergence** is detected, a **green label** is plotted below the bar where the divergence occurs.
- When a **bearish divergence** is detected, a **red label** is plotted above the bar.
- The script uses **`plotshape()`** to plot these labels on the chart.
6. **Alerts:**
- Alerts are configured for both **bullish** and **bearish divergences** so that you can be notified when a divergence signal occurs.
---
### **How the Indicator Works:**
- The RSI and price action are compared using **pivots**: The script checks whether the price and RSI are forming new highs or lows within the specified **lookback period**.
- If the conditions for divergence (higher/lower RSI pivot vs price pivot) are met, a signal is plotted on the chart.
- The script helps to visually identify potential reversal points and allows users to set alerts for these divergence signals.
---
### **Use Case:**
- This script is useful for traders looking to trade potential trend reversals based on **divergence** between price and RSI.
- **Bullish divergence** can indicate a **buy** opportunity, while **bearish divergence** can suggest a **sell** opportunity.
- The indicator works best in **volatile markets** and when combined with other technical analysis tools for confirmatio
RSI Confirm Trend with Williams (W%R)RSI Confirm Trend with Williams (W%R)
This is the "RSI Confirm Trend with Williams (W%R)" indicator
This is a modification of the "RSI Trends" indicator by zzzcrypto123.
What Is the Relative Strength Index (RSI)?
The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of a security's recent price changes to evaluate overvalued or undervalued conditions in the price of that security.
What is Williams %R?
Williams %R, also known as the Williams Percent Range, is a type of momentum indicator that moves between 0 and -100 and measures overbought and oversold levels. The Williams %R may be used to find entry and exit points in the market. The indicator is very similar to the Stochastic oscillator and is used in the same way. It was developed by Larry Williams and it compares a stock’s closing price to the high-low range over a specific period, typically 14 days or periods.
How Does "RSI Confirm Trend with Williams (W%R)" work?
This indicator combines the momentum of both RSI and Williams %R by adding upper and lower thresholds. When the thresholds are broken, this indicator changes color from gray to either green or red.
What Are The Thresholds?
The default RSI thresholds are 55 and 45. These values are configurable.
The default Williams %R thresholds are 80 and 20. These values are configurable and made positive so it can be plotted against the RSI line.
How To Use?
When the RSI exceeded the upper/lower thresholds, the RSI line color will change from gray to lighter green/red color.
When the Williams %R exceeded the upper/lower thresholds, the RSI color will change to darker green/red color signifying a strong momentum in that direction.
When the RSI color is gray, this means the RSI and Williams %R thresholds are not broken which can also signify as no trend or consolidation.
The Williams %R line is not displayed by default but can be enabled using the checkbox provided in the Style tab.
This "RSI Confirm Trend with Williams (W%R)" indicator can be combined with other technical indicators to verify the idea behind this theory.
-----------------
Disclaimer
The information contained in this indicator does not constitute any financial advice or a solicitation to buy or sell any securities of any type.
My scripts/indicators/ideas are for educational purposes only!
RSI Bands [APIDEVs]RSI BANDS:
It is an exclusive product of ApiDevs, this indicator selectively integrates a series of highly advanced algorithms that aim to provide the trader with an effective and profitable trading system, based on a series of conditions that project the price direction with a reasonable probability.
This indicator bears the name of “RSI Bands”, this is because we have based this trading system on the “Relative Strength Index ( RSI )”, the strength of this indicator is centennial and we at APIDEVs have decided to focus our efforts on the development of powerful tools based on the favorite indicators of the afternoon.
WHAT IT HAS INCORPORATED:
1. Exponential Moving Average (EMAs): The RSI Bands has, by default, a band composed of two moving averages of 10 and 55 exponential periods, which can be modified in the indicator menu.
• Possibility of changing the value of the EMAs.
• Function was enabled to change the color and transparency of the bands.
• Visual alerts SHORT (L) and LONG (L) were added when there is the crossing of the EMAS.
• Hull Moving Average ( HMA ) of 100 periods was also incorporated, also modifiable for those who wish to strengthen their visual analysis. (Disabled by default)
• We also add an Exponential Moving Average ( EMA ) of 200 periods to mark the trend. (Disabled by default).
2. ATR ( Average True Range ): This indicator has two main functions in the RSI Bands, the first is to mark the trend of the asset and the second is to establish a margin of safety in price volatility , that is, a maximum estimate of the setbacks without this representing a change in the direction of the price.
3. RSI ( Relative Strength Index ): It was visually incorporated into the RSI Bands, the graph is obtained on the right side and its purpose is to visually indicate where the price is with respect to the RSI PRO+ indicator, offering the following improvements :
• ALERT SYSTEM: THE RSI PRO+ has the ADX incorporated into its algorithm, which allows establishing a filter that will provide reliable inputs, represented by the LONG (L) and SHORT (S) signals.
• FILTER AGAINST TREND: The signals described above will be activated according to the crossing of the RSI above the 50 point, provided that the ADX agrees with the market direction.
• Possibility of deactivating this graphical representation.
4. ADX ( Average Directional Index ): The ADX in this indicator is intended to estimate the strength of the movement, it is present in each part of the code, either to indicate the strength of the market or to serve as a filter against trend. In the same way, we apply certain exclusive improvements for this indicator:
• It was established as default values of the ADX that the Level Range was 10 and the Level Trend 25. This significantly changes the behavior of this indicator, almost completely eliminating the zone of disinterest that was usually considered.
• A function was activated to paint the sails the color of the ADX .
5. ADX Ocillator: Yes, we developed a Wave oscillator type ADX and incorporated it into this strategy. From this indicator, which we recommend using in conjunction with the RSI Bands, we extracted the LONG (L) and SHORT (S) signals. The ADX Oscillator is the improved version of the traditional ADX as it offers the following improvements:
• Its interpretation is much simpler.
• Allows you to set entry and exit signals during the trend change and during the price path.
• It has an integrated alert system.
STRATEGY PANEL:
This panel is an exclusive creation of APIDEVs, and its purpose is to parameterize five conditionals based on the indicators that make up our RSI strategy, giving the trader an immediate vision of the status of the asset analyzed considering this strategy. That is, we decided to transfer our experience of using this indicator on a panel that will project the price trajectory visually. It has the following characteristics:
• It can be placed anywhere on the screen through the main menu of the indicator, it can even be deactivated.
• It can be resized, we designed this to adapt to all types of screens, including those of mobile phones.
• It has an upper panel called "Project" which will calculate the percentage probability that the price has to take a direction based on all the indicators incorporated into the strategy. Their values range from (+ 100%) to (-100%).
STRATEGY PANEL PARAMETERS:
1. EMAs: This panel has 2 variables:
• LONG: If the fast EMA is above the slow EMA .
• SHORT: If the fast EMA is below the slow EMA .
2. RSI: This panel has 3 variables:
• LONG: The RSI should be bullish (green) and above the 50 point.
• SHORT: The RSI should be bearish (red) and be below the 50 point.
• RANK: (Range)this condition is activated when there is no concordance with the RSI condition and its crossing.
3. ATR: This panel has 2 variables:
• LONG: When the price is above the ATR.
• SHORT: When the price is below the ATR.
4. ADX: This panel has 3 variables:
• LONG: The ADX is green. That is, the DI + is above the DI-.
• SHORT: The ADX is red. That is, the DI- is above the DI +.
• RANK: ADX is below point 10.
It also has a numerical value that indicates the value of the ADX and two texts indicating the strength of the trend:
• Trend ( bullish or bearish ).
• Strong trend ( bullish or bearish ).
5. OSC: This panel has 3 variables:
• LONG: The oscillator slopes upward and the built-in ADX is green.
• SHORT: The oscillator slopes downward and the built-in ADX is red.
• RANK: The oscillator slopes downward and the built-in ADX is green and the opposite. In short, there is no coherence in the movement of the oscillator and the projection of the ADX .
RSI+SMARSIにSMAを加えただけのシンプルなインジケータです
SMAはRSIの計算結果を元に出しています
考え方の例 :
買いの例)
1 RSIがSMAを上抜いた
2 RSIがSMAを上抜き、かつ、60以上である
売りの例)
1 RSIがSMAを下抜いた
2 RSIがSMAを下抜き、かつ、40以下である
This simple indicator is plot SMA, in RSI indicator.
SMA is calculated based on the calculated RSI value
Example of way of thinking :
buy ex)
1 RSI break out SMA
2 RSI break out SMA and RSI over 60
sell ex)
1 RSI break down SMA
2 RSI break down SMA and RSI under 40
RSI with Bull/Bear Resistant -SupportRSI with Bull/Bear Resistant -Support
RSI 14 , Overbought = 70 , Oversold = 30 as original signal use.
RSI line change to be Red when higher 70 and change to be Aqua when lower 30
Bullish or Uptrend use Lime color area.
RSI 80-90 is Bullish Resistant Area.
When RSI hit this area, price are hardly to move up more
RSI 40-50 is Bullish Support Area.
When RSI down from Overbought area to this area, to be alert.
If Price flip up and RSI still in Bullish Support Area, Price have enough momentum to return high.
If Price fall down and RSI break down lower Bullish Support Area, Price change to be down trend.
Bearish or Downtrend use Pink color area.
RSI 15-25 is Bearish Support Area.
When RSI hit this area, price are hardly to move down more.
RSI 55-65 is Bearish Resistant Area.
When RSI go up from Oversold are to this area, to be alert.
If Price flip down and RSI still in Bearish Resistant Area, Price have enough momentum to go more low.
If Price go up and RSI break up higher Bearish Resistant Area, Price change to be uptrend.
..
#WaveRiders
RSI + Stochastic Combo (fixed) by howhaber# RSI + Stochastic Indicator
**Summary**
This indicator combines RSI and Stochastic to generate BUY and SELL signals in oversold or overbought market conditions. It merges both indicators for higher accuracy, reducing false signals. Includes visual signals on the chart, alerts, and an info label for quick analysis.
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## 📈 How the Indicator Works
### RSI Component
- Calculates standard RSI based on the specified period (`rsiLen`).
- Indicates oversold (< 30) or overbought (> 70) conditions.
### Stochastic Component
- Manually calculated to avoid compatibility issues.
- Measures the current price position relative to the price range (highs/lows) over the selected period.
- Smoothed using two SMA filters (%K and %D).
### Signal Logic
**BUY Signal**:
- %K crosses above %D (`ta.crossover(k, d)`).
- %K < 20 (oversold market).
- RSI < specified threshold (default < 40).
**SELL Signal**:
- %K crosses below %D (`ta.crossunder(k, d)`).
- %K > 80 (overbought market).
- RSI > specified threshold (default > 60).
---
## 📍 What's Displayed on the Chart
- 🟢 **Green arrow** below the bar → BUY signal.
- 🔴 **Red arrow** above the bar → SELL signal.
- **In a separate window**:
- RSI line (blue).
- Stochastic %K (orange).
- Stochastic %D (purple).
- Reference levels: 30/70 (RSI), 20/80 (Stochastic).
---
## 🔔 Alerts
- **RSI+Stoch BUY**: Notification on BUY signal.
- **RSI+Stoch SELL**: Notification on SELL signal.
Receive alerts via email, Telegram, or directly on the platform.
---
## 🧩 Additional Feature
- Info label on the last bar, displaying:
- Current RSI value.
- %K and %D values.
- Facilitates quick visual checks of the indicator's current state.
---
## 💡 Interpretation
- **Oversold market** (confirmed by RSI and Stochastic): Likely upward reversal.
- **Overbought market** (confirmed by RSI and Stochastic): Likely downward reversal.
- Combining both reduces false signals and improves accuracy in choppy markets.
---
## ⚠️ Important Note
This indicator is not financial advice. It is designed for technical analysis and educational purposes. Combine it with other tools like trend analysis, volume, and price patterns for better results.
RSI — Josh (Refined)RSI Buy/Sell Pro — Josh (Refined)
Overview
This study enhances the classic RSI (Relative Strength Index) by adding multiple visualization layers and research tools. It helps users see overbought/oversold conditions, divergence patterns, and momentum shifts more clearly — in a way that is visually intuitive.
⚠️ Disclaimer: This script is for educational and research purposes only. It does not provide financial advice or trading recommendations. Past signals are not indicative of future results. Users remain fully responsible for their own decisions and risk management.
Key Features
Custom RSI Signals
Flexible signal modes (Strict 30/70, Loose, Aggressive 50-cross)
Optional “BUY/SELL” visual text or compact labels
Adjustable cooldown between signals
RSI Divergence Detection
Classic bullish/bearish divergence with pivot confirmation
Real-time “Shadow Divergence” preview (may repaint, by design)
Visual waterline and shaded shadow effects
MA Cross on RSI
Overlay fast/slow moving averages directly on the RSI scale
Crossovers highlighted with markers and alerts
Bollinger Aura (Glow Effect)
Bollinger Bands applied to RSI with customizable color modes
Single color, Upper/Lower, or Zone-driven bull/bear tint
Optional soft fill between bands for clarity
Guidance Panel
On-chart panel summarizing RSI state (OB/OS/Neutral), real-time shadow status, and credits
Alerts Included
RSI BUY / SELL cross conditions
RSI MA cross up / down
Divergence signals (classic & real-time)
Usage Notes
Designed to visualize RSI dynamics and assist in technical research
The “BUY/SELL” markers are visual study tags only — not trade calls
For best practice, combine with higher timeframe context, support/resistance, or volume analysis
Always validate ideas in a demo environment before applying to live trading
Compliance & Credits
Built in Pine Script® v5 on TradingView
Indicator name and labels are for visualization only — not investment advice
Credits: Inspired by classic RSI concepts, refined with additional visualization methods
✅ This description keeps your script compliant:
No performance guarantees
No marketing language like “make profit fast”
Clear disclaimer & educational framing
Cardwell RSI by TQ📌 Cardwell RSI – Enhanced Relative Strength Index
This indicator is based on Andrew Cardwell’s RSI methodology , extending the classic RSI with tools to better identify bullish/bearish ranges and trend dynamics.
In uptrends, RSI tends to hold between 40–80 (Cardwell bullish range).
In downtrends, RSI tends to stay between 20–60 (Cardwell bearish range).
Key Features :
Standard RSI with configurable length & source
Fast (9) & Slow (45) RSI Moving Averages (toggleable)
Cardwell Core Levels (80 / 60 / 40 / 20) – enabled by default
Base Bands (70 / 50 / 30) in dotted style
Optional custom levels (up to 3)
Alerts for MA crosses and level crosses
Data Window metrics: RSI vs Fast/Slow MA differences
How to Use :
Monitor RSI behavior inside Cardwell’s bullish (40–80) and bearish (20–60) ranges
Watch RSI crossovers with Fast (9) and Slow (45) MAs to confirm momentum or trend shifts
Use levels and alerts as confluence with your trading strategy
Default Settings :
RSI Length: 14
MA Type: WMA
Fast MA: 9 (hidden by default)
Slow MA: 45 (hidden by default)
Cardwell Levels (80/60/40/20): ON
Base Bands (70/50/30): ON
RSI Divergence + MTF PanelRSI Divergence + MTF Panel
📊 Short Description
A powerful indicator for detecting RSI divergences with a multi-timeframe panel that helps traders find high-quality trading opportunities across different time intervals.
✨ Key Features
🎯 Automatic Divergence Detection
- **Bullish Divergence**: Price makes lower lows while RSI makes higher lows
- **Bearish Divergence**: Price makes higher highs while RSI makes lower highs
- Visual divergence marking with lines on the chart
- Customizable colors and line styles
📈 Multi-Timeframe Panel (MTF)
- Displays RSI from 4 fixed timeframes simultaneously (5m, 15m, 1H, 4H)
- Color-coded RSI levels:
- 🔴 Red: RSI > 70 (overbought)
- 🟢 Green: RSI < 30 (oversold)
- ⚪ White: RSI between 30-70 (neutral zone)
⚙️ Flexible Settings
- RSI period (default 14)
- Divergence detection threshold
- Data source selection (close, hl2, hlc3, ohlc4)
- Color and transparency customization
- Enable/disable indicator components
📋 How to Use
1. **Add the indicator to your chart** - it will automatically start scanning for divergences
2. **Adjust parameters** to match your trading style
3. **Monitor the MTF panel** for overall market condition overview
4. **Look for divergences** combined with other signals for confirmation
🎯 Perfect for:
- Swing trading
- Intraday trading
- Finding reversal points
- Confirming trading signals
- Multi-timeframe analysis
⚡ Advantages
- **Automation**: No need to manually search for divergences
- **Multi-functionality**: RSI analysis + MTF overview in one indicator
- **Visual clarity**: Clear signals and color coding
- **Performance**: Optimized code for fast operation
- **Flexibility**: Wide customization options
📊 Technical Details
- Uses standard RSI with customizable period
- Divergence detection algorithm based on peaks and valleys
- MTF panel updates in real-time
- Supports all asset types (stocks, forex, crypto, commodities)
🔧 Usage Recommendations
- Combine with other indicators for signal confirmation
- Consider overall market trend
- Use risk management rules
- Test settings on historical data
👥 Suitable for:
- Beginners (easy to use)
- Experienced traders (flexible settings)
- All trading styles and timeframes
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*This indicator is designed to enhance trading efficiency and help make informed trading decisions. Always follow risk management rules and don't rely on just one indicator.*
RSI‑MA Near‑Level AlertRSI‑MA Near‑Level Alert — Publication Description
Overview
RSI‑MA Near‑Level Alert plots a smoothed Relative Strength Index (RSI) line and sends automatic alerts whenever that line comes within a user‑defined distance of two key thresholds (default = 70 for overbought, 30 for oversold). It is designed for traders who want an early warning—before a classic 70/30 cross—so they can tighten stops, scale out, or prepare reversal setups.
How It Works
RSI Calculation – Uses the standard RSI (default length 14).
Smoothing – Applies a moving‑average (default Simple 10) to reduce noise.
Proximity Logic – On every bar, the script measures the absolute distance between the smoothed RSI line and each threshold.
If the distance ≤ the Proximity setting (default 1 point), the condition flips to true.
Built‑in Alert Triggers – Two alertcondition() calls are embedded:
“RSI MA near UPPER level”
“RSI MA near LOWER level”
Select either one (or both) from the TradingView alert dialog and choose your delivery method (popup, e‑mail, SMS, webhook).
Inputs
Input Default Purpose
RSI Length 14 Core momentum look‑back.
Smoothing MA Length 10 Length of the MA applied to RSI.
Upper Level 70 Overbought line.
Lower Level 30 Oversold line.
Alert Proximity (points) 1.0 How close (in RSI points) the MA must get to trigger.
All inputs are fully editable after you add the script to a chart.
Typical Use‑Cases
Pre‑emptive Exits – Get notified when momentum is stalling near 70 or 30 so you can lock in gains before a reversal.
Reversal Hunting – Combine the alert with price‑action patterns (pin bars, engulfing candles) for higher‑probability fades.
Breakout Confirmation – Increase Upper Level to 80 / Lower Level to 20 and lower Proximity to 0.5 for more aggressive trend‑following alerts.
Step‑by‑Step Alert Setup
Add the script to your chart.
Click the alarm‑clock‑plus icon (or press Alt + A).
In “Condition,” select RSI‑MA Near‑Level Alert.
Choose either RSI MA near UPPER level or RSI MA near LOWER level.
Pick Once Per Bar Close for confirmed signals or Once Per Bar for real‑time.
Select your preferred notification methods and click Create.
(Repeat for the opposite threshold.)
Customization Tips
Change Smoothing Type – Replace ta.sma() with ta.ema(), ta.rma(), etc., directly in the code if you prefer another MA.
Track Multiple Assets – Apply the indicator to each symbol in a multi‑chart layout and set independent alerts.
Narrow Range Play – Set Upper = 60, Lower = 40 and Proximity = 0.5 to monitor a quiet‑momentum band.
Disclaimer
This script is provided for educational purposes only. It does not constitute financial advice, and past performance is not indicative of future results. Always back‑test and validate on demo data before risking live capital. The author assumes no liability for trading losses or platform malfunctions.
RSI Multi-TF TabRSI Multi-Timeframe Table 📊
A tool for multi-timeframe RSI analysis with visual overbought/oversold level highlighting.
Description
This indicator calculates the Relative Strength Index (RSI) for the current chart and displays RSI values across five additional timeframes (15m, 1h, 4h, 1d, 1w) in a dynamic table. The color-coded system simplifies identifying overbought (>70), oversold (<30), and neutral zones. Visual signals on the chart enhance analysis for the current timeframe.
Key Features
✅ Multi-Timeframe Analysis :
Track RSI across 15m, 1h, 4h, 1d, and 1w in a compact table.
Color-coded alerts:
🔴 Red — Overbought (potential pullback),
🔵 Blue — Oversold (potential rebound),
🟡 Yellow — Neutral zone.
✅ Visual Signals :
Background shading for oversold/overbought zones on the main chart.
Horizontal lines at 30 and 70 levels for reference.
✅ Customizable Settings :
Adjust RSI length (default: 14), source (close, open, high, etc.), and threshold levels.
How to Use
Table Analysis :
Compare RSI values across timeframes to spot divergences (e.g., overbought on 15m vs. oversold on D).
Use colors for quick decisions.
Chart Signals :
Blue background suggests bullish potential (oversold), red hints at bearish pressure (overbought).
Always confirm with other tools (volume, trends, or candlestick patterns).
Examples :
RSI(1h) > 70 while RSI(4h) < 30 → Possible reversal upward.
Sustained RSI(1d) above 50 may indicate a bullish trend.
Settings
RSI Length : Period for RSI calculation (default: 14).
RSI Source : Data source (close, open, high, low, hl2, hlc3, ohlc4).
Overbought/Oversold Levels : Thresholds for alerts (default: 70/30).
Important Notes
No direct trading signals : Use this as an analytical tool, not a standalone strategy.
Test strategies historically and consider market context before trading.
RSI Horizontal resistance levelsRSI Horizontal Resistance Levels
Purpose
This study automatically draws horizontal price rays every time the Relative Strength Index (RSI) trades inside a user‑defined band (default = 50 ± 1). The idea is to spotlight price levels that historically coincided with a specific RSI state—levels that often evolve into short‑term support or resistance as sentiment repeats.
How it works
Raw RSI – The script computes an un‑smoothed RSI of the closing price (rsiLength, default = 3).
Trigger zone – Whenever RSI falls within level ± tolerance (e.g., 49 – 51) the close price of that bar becomes a reference.
Horizontal ray – A ray (extend.right) is drawn from that close and continues indefinitely to the right, creating a live price level.
History management – Only the most recent N rays are kept (maxRays, default = 5); the oldest line is deleted automatically to avoid chart clutter.
Inputs
Name Default Description
RSI Length 3 Look‑back of the RSI calculation.
RSI Level 50 Center of the trigger zone. Common alternatives: 30, 70, custom mid‑lines.
Tolerance 1 Width of the RSI band on each side of RSI Level (set 0 for an exact hit).
Max Rays 5 Maximum number of active horizontal levels kept on screen.
Ray Color Yellow Visual color of the rays.
Ray Width 2 Thickness of the rays.
How to use it
Spot recurring reaction zones – Markets often hesitate near prices where momentum has flipped before. The rays reveal those spots automatically.
Combine with candlestick or volume cues – A level marked by this script plus a rejection wick, volume spike, or divergence can strengthen conviction.
Adapt the band –
50 ± tolerance → momentum balance line (trend pullbacks)
70 ± tolerance → overbought fade levels
30 ± tolerance → oversold bounce levels
Works on any asset or timeframe; shorter RSI periods highlight intraday rotations, longer periods capture swing pivots.
Tips & cautions
A drawn line is not a guarantee of future reversal—always validate with price action and risk management.
For high‑frequency strategies, consider lowering tolerance or increasing rsiLength to reduce noise.
You can add custom alerts on RSI crossing the band to receive push or email notifications.
Happy trading!
RSI with HMA & Momentum ZonesRSI with HMA & Momentum Zones — Indicator Description
This indicator combines Relative Strength Index (RSI) analysis with Hull Moving Averages (HMA) and Momentum Zone detection to provide a multi-layered view of market strength, trend shifts, and divergence signals.
It includes:
Main Features:
RSI Core:
Standard RSI calculated from a customizable source (close, open, etc.) with adjustable length.
A dynamic RSI Signal Line is plotted with selectable smoothing types (SMA, EMA, SMMA, WMA, VWMA) to enhance trend-following signals.
RSI crossovers of its signal line change color (green for bullish crossovers, red for bearish crossunders).
Hull Moving Averages (HMA):
Two HMA lines are plotted based on the RSI:
Short HMA (fast) and Long HMA (slow).
Color shifts indicate crossovers between RSI and Short HMA (short-term trend change) and Short HMA vs Long HMA (longer-term trend shifts).
Momentum Zones:
When the gap between the RSI and the Long HMA exceeds a user-defined threshold:
A green background highlights strong bullish momentum.
A red background highlights strong bearish momentum.
Helps visualize when momentum becomes extended.
Divergence Detection (Optional):
Regular and hidden bullish and bearish divergences are automatically detected between price and RSI.
Divergences are plotted on the RSI pane with labels ("Bull", "H Bull", "Bear", "H Bear").
Adjustable lookback settings for fine-tuning sensitivity.
Alerts are available for all divergence events.
Visual Enhancements:
A shaded cloud fills between RSI and its signal line, green for bullish bias and red for bearish bias.
Horizontal bands at 70, 50, and 30 levels to mark traditional RSI zones (overbought, neutral, oversold).
Customization Options:
All major components — RSI settings, Signal Line type, HMA lengths, Momentum Zone threshold, and Divergence controls — are fully adjustable.
rsi wf breakoutRSI Breakout Asif
RSI Breakout Asif Indicator
Overview:
The RSI Breakout Asif indicator is a custom script designed to analyze and highlight potential
breakout points using the Relative Strength Index (RSI) combined with Williams Fractals. This
indicator is specifically developed for traders who want to identify key momentum shifts in the
market.
Features:
1. RSI Analysis:
- The RSI is calculated using a user-defined length and price source.
- Horizontal lines are plotted at levels 70 (overbought), 50 (neutral), and 30 (oversold) to visually
aid decision-making.
2. Williams Fractals on RSI:
- Detects fractal highs and lows based on RSI values.
- Highlights these fractal points with dynamic, symmetrical lines for better visibility.
3. Customization:
- Users can adjust the RSI length and price source for personalized analysis.
- Fractal settings (left and right bar length) are also adjustable, making the indicator versatile for
different trading styles.
4. Visual Enhancements:
- Fractal highs are marked in red, while fractal lows are marked in green.
Asif - Page 1
RSI Breakout Asif
- Precise line placement ensures clarity and reduces chart clutter.
5. Practical Utility:
- Use the fractal breakout signals in conjunction with other technical indicators for enhanced
decision-making.
Usage:
- Add the RSI Breakout Asif indicator to your TradingView chart.
- Adjust the settings according to your trading strategy.
- Observe the RSI values and fractal points to identify potential breakout zones.
Disclaimer:
This indicator is a technical analysis tool and should be used in combination with other analysis
methods. It does not guarantee profitable trades.
Watermarked by Asif.
Asif - Page 2
RSI Custom LevelsRSI Custom Levels is a "one stop shop" for a complete strategy based on RSI.
AS per principal: RSI oscillates between 0-100 and therefore the indicator is build around various parameters of RSI. It comprises of 4 different levels of RSI and therefore highlights the candles accordingly.
Understanding each LEVEL:
Level 1 (Highlight): Highlights candles that have an RSI value (closing basis) less than Level 1 specified value (default 20)
Level 2 (Highlight): Highlights candles that have an RSI value (closing basis) greater than Level 1 specified value (default 20) and less than Level 2 specified value (default 45)
Level 4 (Highlight): Highlights candles that have an RSI value (closing basis) greater than Level 4 specified value (default 80)
Level 3 (Highlight): Highlights candles that have an RSI value (closing basis) greater than Level 3 specified value (default 55) and less than Level 4 specified value (default 80)
The most efficient way to trade is as follows:
TRENDING SETUPS:
Uptrend Setups: When RSI enters Level 3 with exit at Level 4
Downtrend Setups: When RSI enters Level 2 with exit at Level 1
SIDEWAYS APPLICATION:
When RSI is in between Level 2 and 3 that area has no highlights as the system considers it to be FLAT and non oscillating.
OVERSTRETCHED APPLICATIONS:
Downtrend Reversal: When RSI enters Level 2 from Level 1 that is a sign for a downtrend reversal.
Uptrend Reversal: When RSI enters Level 3 from Level 2 that is a sign for a uptrend reversal.
Moreover the most ideal scenario is to convert the colour of all candles into white (in dark theme) or black(in light theme) for best performance.
RSI Stochastic AlignmentRSI Stochastic Alignment input RSI and Stochastic into 1 windows and align them to find bullish and bearish divergence.
A. The Line display in windows:
1. Fast RSI (green line) is RSI(close,3)
2. Slow Rsi (red line) is Linear Regession of Fast RSI with 5 period and offset 0 = linreg(rsi,5,0)
3. Fast Stochastic (blue line) is %K of Stochastic
4. Slow Stochastic (aqua line) is %D of Stochastic
B. Alignment and Divergence Detect
1. Bearish Divergence:
* Slow RSI at top
* Fast Stochastic at bottom
* Fast RSI over overbought level (default = 70)
* Slow Stochastic under overbought level minus a constant value (Divergence Power value, default this value = 1)
2. Bullish Divergence:
* Fast Stochastic at top
* Slow RSI at bottom
* Fast RSI under oversold level (default = 30)
* Slow Stochastic over oversold level plus a constant value (Divergence Power value, default this value = 1)
C. Script Option
1. RSI value adjustable
2. Stochastic value adjustable
3. Overbought and Oversold Level adjustable
4. Enable/Disable Level line
5. Enable/Disable Divergence Column
6. Enable/Disable Key Bar Colored
RSI Z‑Score + TableRSI Z-Score + Table
This script calculates the Z-Score of the RSI (Relative Strength Index), which standardizes RSI based on its own recent history.
What It Shows:
RSI Z-Score = (Current RSI - Mean RSI) / Standard Deviation
This tells you how extreme the current RSI is compared to its historical values.
A table displays:
Current RSI
Rolling Mean
RSI Z-Score
How to Use:
Z-Score > +2 = Statistically overbought
Z-Score < -2 = Statistically oversold
Use it to time reversals or overextension in RSI behavior.
🔒 Based on rolling lookback window — fully customizable.
Author:
Tags: #RSI #ZScore #Momentum #StatisticalEdge #MeanReversion #Crypto
RSI Z‑Score + TableRSI Z-Score + Table
This script calculates the Z-Score of the RSI (Relative Strength Index), which standardizes RSI based on its own recent history.
What It Shows:
RSI Z-Score = (Current RSI - Mean RSI) / Standard Deviation
This tells you how extreme the current RSI is compared to its historical values.
A table displays:
Current RSI
Rolling Mean
RSI Z-Score
How to Use:
Z-Score > +2 = Statistically overbought
Z-Score < -2 = Statistically oversold
Use it to time reversals or overextension in RSI behavior.
🔒 Based on rolling lookback window — fully customizable.
Author:
Tags: #RSI #ZScore #Momentum #StatisticalEdge #MeanReversion #Crypto
RSI-BBGun-v6.1RSI BB Gun – Operator's Guide
“Eyes on target. Wait for the right moment. Then strike.”
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🎯 Mission Objective
RSI BB Gun identifies extreme market conditions using RSI and Bollinger Bands, then overlays trend and volatility intelligence so you know when the setup is real.
The ❌ is your target acquisition signal—price just moved from an extreme zone back into play. Now you’ve got a clean radar lock.
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📡 How to Operate
🟣 Step 1: Watch for the ❌'s (Black X = RSI & Bollinger Band Extremes Encountered)
• The Purple X means price and RSI are both stretched—and just snapped back into range.
• The target is now in the cross hairs and potentially ready for engagement.
🟥 Step 2: Confirm the Trend
• The thick ribbon tells you if the trend is with you:
o 🟢 Green = Uptrend. Focus on long setups.
o 🔴 Red = Downtrend. Focus on puts or short plays.
• Align with trend. Only engage when the field favors your position.
🔺 Step 3: Evaluate Signal Context
• Green Triangles = price just crossed below lower Bollinger Band (oversold).
• Red Triangles = price crossed above upper Band (overbought).
• Horizontal Lines Disappeared = The bar after the green or red horizontal line disappears means its time. We patiently wait for this as it means the momentum may be changing.
• These are your early indicators—they scout the setup on the GO / NO GO DECISION.
• ❌ + triangle + trend = clean shot.
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☁️ Avoid These Situations
• ❌ in a choppy/no-trend zone = false alarm. Don’t engage.
• Repeated black ❌s without a purple ❌confirmation = low conviction. Let it go.
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🪖 Operator's Mindset
“You don’t chase trades. You stalk them. When the ❌ flashes, the system has found a target. What you do next is up to your discipline, your tools, and your plan.”
________________________________________
Note: This is a free version. Upcoming paid version includes multi-timeframes working together. Multiple strategies. Volatility meter. Make money and master the BB Gun so that you can elevate to the Snipers weapon.
🔒 Want More Firepower?
Upgraded version coming soon. Unlocks next-gen targeting tools:
• Multi-timeframe RSI intelligence in a live dashboard
• Precision-timed combo signals based on layered volatility + RSI logic
• Advanced trend filters, trade zone overlays, and sniper-level entry indicators
• Ideal for swing traders and options strategists who want clarity under pressure
💥 Budget-friendly. No subscription. Upgrade when you're ready to go Pro.
Tip: Make 4+ trades mastering this setup. Then use a small portion of the trades to gain more features. Always be in a position you cannot lose.
🆚 Why This Beats Standard RSI/BB Tools
Mission Feature Basic Indicators RSI Ribbon Lite
Trend Confirmation ❌ ✅ Ribbon Overlay
Multi-Timeframe Awareness ❌ ✅ 5-Timeframe RSI Grid
Volatility Confirmation ❌ ✅ Weighted ATR Scoring
Combo Signal Alerts ❌ ✅ ❌ Reentry Combo Alerts
TradingView Alerts ❌ ✅ Built-In Radar Ping
#rsi #bb #bollingerbands #hull ma #trend
RSI + MFI Momentum Mapper - CoffeeKillerRSI + MFI Momentum Mapper - CoffeeKiller Indicator Guide
Welcome traders! This guide will walk you through the RSI + MFI Momentum Mapper indicator, an innovative market analysis tool developed by CoffeeKiller that combines two powerful oscillators to create a comprehensive momentum visualization system.
🔔 **Warning: This Is Not a Standard RSI or MFI Indicator** 🔔 This indicator combines and normalizes RSI and MFI data to create a unified momentum representation with boundary detection and peak signaling features.
Core Concept: Combined Momentum Analysis
The foundation of this indicator lies in merging the strengths of two complementary oscillators - Relative Strength Index (RSI) and Money Flow Index (MFI) - to provide a more robust momentum signal that accounts for both price action and volume.
Directional Columns: Momentum Strength
- Positive Green Columns: Bullish momentum
- Negative Red Columns: Bearish momentum
- Color intensity varies based on momentum strength
- Special coloring for new high/low boundaries
Marker Lines: Dynamic Support/Resistance
- High Marker Line (Magenta): Tracks the highest point reached during a bullish phase
- Low Marker Line (Cyan): Tracks the lowest point reached during a bearish phase
- Creates visual boundaries showing momentum extremes
Peak Detection System:
- Triangular markers identify significant local maxima and minima
- Background highlighting shows important momentum peaks
- Helps identify potential reversal points and momentum exhaustion
Reference Lines:
- Zero Line (Gray): Divides bullish from bearish momentum
- High Line (+1): Upper threshold for extremely bullish conditions
- Low Line (-1): Lower threshold for extremely bearish conditions
Core Components
1. Oscillator Normalization
- RSI and MFI values centered around zero
- Values scaled to create consistent visualization
- Normalized range typically between -1 and +1
- Combination of indicators for signal reliability
2. Boundary Tracking System
- Automatic detection of highest values in bullish phases
- Automatic detection of lowest values in bearish phases
- Step-line visualization of boundaries
- Color-coded for easy identification
3. Peak Detection System
- Identification of local maxima and minima
- Background highlighting of significant peaks
- Triangle markers for peak visualization
- Zero-line cross detection for trend changes
4. Signal Smoothing
- Signal line calculation via SMA
- Helps filter noise and identify trends
- Provides confirmation of momentum direction
Main Features
Oscillator Settings
- Customizable RSI length for sensitivity control
- Customizable MFI length for sensitivity control
- Normalized display for consistent visualization
- Signal smoothing for clearer readings
Visual Elements
- Color-coded columns showing momentum direction and strength
- Dynamic marker lines for momentum boundaries
- Peak triangles for significant turning points
- Background highlighting for peak identification
- Reference lines for momentum threshold levels
Signal Generation
- Zero-line crosses for trend change signals
- Boundary breaks for momentum strength
- Peak formation for potential reversals
- Color changes for momentum direction and acceleration
Customization Options
- RSI and MFI length parameters
- Marker line visibility and colors
- Peak marker color selection
- Peak background display options
Trading Applications
1. Trend Identification
- Directional line crossing above zero: bullish trend beginning
- Directional line crossing below zero: bearish trend beginning
- Column color: indicates momentum direction
- Column height: indicates momentum strength
2. Reversal Detection
- Peak triangles after extended trend: potential exhaustion
- Background highlighting: significant reversal points
- Directional line approaching marker lines: potential trend change
- Color shifts from bright to muted: decreasing momentum
3. Momentum Analysis
- Breaking above previous high boundary: accelerating bullish momentum
- Breaking below previous low boundary: accelerating bearish momentum
- Special coloring (magenta/cyan): boundary breaks indicating strength
- Approaching +1/-1 lines: extreme momentum conditions
4. Market Structure Assessment
- Consecutive higher peaks: strengthening bullish structure
- Consecutive lower troughs: strengthening bearish structure
- Peak comparisons: relative strength of momentum phases
- Boundary line steps: market structure levels
Optimization Guide
1. Oscillator Settings
- RSI Length: Default 14 provides balanced signals
- Lower values (7-10): More responsive, potentially noisier
- Higher values (20-30): Smoother, fewer false signals
- MFI Length: Default 14 provides balanced signals
- Lower values: More responsive to volume changes
- Higher values: Less sensitive to short-term volume spikes
2. Visual Customization
- Marker Line Colors: Adjust for visibility on your chart
- Peak Marker Color: Default yellow provides good contrast
- Enable/disable background highlights based on preference
- Consider chart background when selecting colors
3. Signal Interpretation
- Stronger signals: When directional line approaches +1/-1
- Confirmation: When peaks form after extended momentum
- Early warnings: When color intensity changes before direction
- Trend strength: Distance between zero line and current reading
4. Reference Line Usage
- Zero line: Primary trend divider
- +1/-1 lines: Extreme momentum thresholds
- Marker lines: Dynamic support/resistance levels
- Distance from reference: Momentum strength measure
Best Practices
1. Signal Confirmation
- Wait for zero-line crosses to confirm trend changes
- Look for peak formations to identify potential reversals
- Check for boundary breaks to confirm strong momentum
- Use with price action for entry/exit precision
2. Timeframe Selection
- Lower timeframes: more signals, potential noise
- Higher timeframes: cleaner signals, less frequent
- Multiple timeframes: confirm signals across time horizons
- Match to your trading style and holding period
3. Market Context
- Strong bullish phase: positive columns breaking above marker line
- Strong bearish phase: negative columns breaking below marker line
- Columns approaching zero: potential trend change
- Columns approaching +1/-1: extreme conditions, potential reversal
4. Combining with Other Indicators
- Use with trend indicators for confirmation
- Pair with other oscillators for divergence detection
- Combine with volume analysis for validation
- Consider support/resistance levels with boundary lines
Advanced Trading Strategies
1. Boundary Break Strategy
- Enter long when directional line breaks above previous high marker line
- Enter short when directional line breaks below previous low marker line
- Use zero-line as initial stop-loss reference
- Take profits at formation of opposing peaks
2. Peak Trading Strategy
- Identify significant peaks with triangular markers
- Look for consecutive lower peaks in bullish phases for shorting opportunities
- Look for consecutive higher troughs in bearish phases for buying opportunities
- Use zero-line crosses as confirmation
3. Extreme Reading Strategy
- Look for directional line approaching +1/-1 lines
- Watch for color changes and peak formations
- Enter counter-trend positions after confirmed peaks
- Use tight stops due to extreme momentum conditions
4. Column Color Strategy
- Enter long when columns turn bright green (increasing momentum)
- Enter short when columns turn bright red (increasing momentum)
- Exit when color intensity fades (decreasing momentum)
- Use marker lines as dynamic support/resistance
Practical Analysis Examples
Bullish Market Scenario
- Directional line crosses above zero line
- Green columns grow in height and intensity
- High marker line forms steps upward
- Peak triangles appear at local maxima
- Background highlights appear at significant momentum peaks
Bearish Market Scenario
- Directional line crosses below zero line
- Red columns grow in depth and intensity
- Low marker line forms steps downward
- Peak triangles appear at local minima
- Background highlights appear at significant momentum troughs
Consolidation Scenario
- Directional line oscillates around zero line
- Column colors alternate frequently
- Marker lines remain relatively flat
- Few or no new peak highlights appear
- Directional values remain small
Understanding Market Dynamics Through RSI + MFI Momentum Mapper
At its core, this indicator provides a unique lens to visualize market momentum by combining two complementary oscillators:
1. Combined Strength: By averaging RSI (price-based) and MFI (volume-based), the indicator provides a more comprehensive view of market momentum that considers both price action and buying/selling pressure.
2. Normalized Scale: The indicator normalizes values around zero, making it easier to identify bullish vs bearish conditions and the relative strength of momentum in either direction.
3. Dynamic Boundaries: The marker lines create a visual representation of the "high water marks" of momentum in both directions, helping to identify when markets are making new momentum extremes.
4. Exhaustion Signals: The peak detection system highlights moments where momentum has reached a local maximum or minimum, often precursors to reversals or consolidations.
Remember:
- Combine signals from directional line, marker lines, and peak formations
- Use appropriate timeframe settings for your trading style
- Customize the indicator to match your visual preferences
- Consider market conditions and correlate with price action
This indicator works best when:
- Used as part of a comprehensive trading system
- Combined with proper risk management
- Applied with an understanding of current market conditions
- Signals are confirmed by price action and other indicators
DISCLAIMER: This indicator and its signals are intended solely for educational and informational purposes. They do not constitute financial advice. Trading involves significant risk of loss. Always conduct your own analysis and consult with financial professionals before making trading decisions.
