RSI Divergence Smoothed with Signal Line and Power ZonesThis Indicator plots Regular and Hidden Divergences lines for an RSI smoothed by an EMA and for its Signal Line
The RSI can be set to change colour with direction or can be set as single colour
Colour Changing RSI helps when trading Multiple Timeframes as you can look for confluence in the direction of RSI
The divergence script is thanks to @RicardoSantos, I've just adjusted it to suite my indicator
Remember that divergences work best when traded with the trend or very late in a trend when going against the trend
I have also added a Colour Changing Signal Line & Hima Reddy's Power Zones so now you can also
Take full advantage of trading; signal line crosses, 50 crosses and Power Zone RSI support and resistance
Relative
Normalized Average True Range (NATR) (Volatility) [cI8DH]As you can see in the chart below, regular ATR is not useful for long term analysis. Normalizing it, fixes the issue. This indicator can be used to measure absolute volatility. It has a built-in stochastic as well for relative volatility. ATR counts high and low in the equation unlike Bolinger Band Width.
Stochastic:
Relative Strength Index Multi Time frame RSII am always checking RSI on 1hr, 4Hr and Day RSI.
Having to switch is annoying so wrote this little script to show RSI on upto 5 time frames.
The green bold line is the current time frame, and you can change the other 4 to what you prefer.
If one time frame is over sold or overbought you can change the back to indicated a buy or sell etc.
Anyway thought I would share it.
If you like it, please click the like button.
FofT - 1h, 4h, and Daily RSI in any time intervalView multiple-timeframe RSIs in a single interval. All RSI lines stay the same no matter your preference to trade in 15m, 1h, 3h…. etc.
Default RSI length is 7 (can be changed in the format settings)
All RSIs are smoothed out in default (can be changed in the format settings)
Line colors
5m RSI - white (disabled in default)
15m RSI - Lime (disabled in default)
1h RSI - Yellow
4h RSI - Red
D RSI - Blue
Overbought and Oversold threshold colors
>70 (grey) - overbought
>80 (orange) - highly overbought
>90 (pink) - extremely overbought
=50 (black dotted lines) - equilibrium
<30 (grey) - oversold
<20 (orange) - highly oversold
<10 (pink) - extremely oversold
How to add to chart
* Click on "Add to Favorite scripts" in the bottom right
* While in chart view click on "/" button on your keyboard or click on the Indicators button on the top tool bar
* Go to Favorites Tab and click on this indicator
Other interval RSIs will be added based on request. Feel free to leave any questions or requests in the comment section below.
If you find this script useful, please like and share.
Volume/Rsi Overbought/oversoldI present you my last indicator. A volume indicator that indicates overbought and oversold based on the rsi, I chose the rsi because the most used surment, this indicator allows you to identify the overbought and oversold areas of the rsi with the colors blue (oversold) and orange (overbought ) on the volume indicator! Hoping that you are useful
Relative StrengthRelative strength is a ratio between two assets, most often a stock and a market average (index). This implementation uses the method described here and the second method described here to calculate its value: "To calculate the relative strength of a particular stock, divide the percentage change over some time period by the percentage change of a particular index over the same time period". This indicator oscillates around zero. If the value is greater than zero, the investment has been relatively strong during the selected period; if the value is less than zero, the investment has been relatively weak. The period and the comparative symbol can be set in the settings for the indicator (the defaults are 50 and SPX), there you can also find an option to turn on a moving average.
Relative Vigor Index with Dominant Cycle Detection (RVI)Relative Vigor Index with Dominant Cycle Detection. As Ehler's mentioned, fixed length look back is inherently flawed when it is possible to extract a length from a dominant price cycle. may be less effective if signal to noise ratio is greater than 2, but that usually would not happen at >5m candles, and honestly shouldn't be looking at RV(igor)I when price is moving sideways.
Read just like an RVGI, but adjusted to the current time frame. To reduce noise, changing to heiken ashi will help with signals as well. Let me know if there are improvements!
Made for JD, the OG.
Rapid RSIRapid RSI indicator script. This indicator was originally developed by Ian Copsey (Stocks & Commodities V. 24:10 (16-23): Forex Focus).
Relative Momentum IndexRelative Momentum Index indicator script. This indicator was originally developed by Roger Altman (Stocks & Commodities V. 11:2 (57-60)).
RMI with momentum period of 1 will be equal to an RSI when they have the same period and source price.
Normalized Relative Vigor IndexThis is the Relative Vigor Index indicator just multiplied by 100 to have non-zero integer part
Viperz RSI v1.2The color of the RSI inner bands will change from Purple to Green if RSI >70 and they will change to yellow if RSI >75. Nothing else has been changed from the standard RSI. Please understand I'm testing how publishing indicators works in Trading View. I have only done a minor adjustment to the RSI indicator, but I plan to do much more once I fully understand the publishing process. Thank you. Hope you enjoy. :)
STAN WEINSTEIN RS INDEX WITH NIFTYThis is an indicator for Indian markets.
It shows the relative strength of particular stock to the underlying index.
The concept of this indicator is well described in Stan Weinstein's book.
Mansfield Relative Strength Multi TrendThis indicator is an advanced studie of 'Mansfield Relative Strength Trend' indicator
Since it is too time consuming to constantly change the index, I have developed a multi-index indicator.
The default order of the indexes is:
1. S&P 500
2. Dow Jones Industrial Average
3. Nasdaq Composite
4. NYSE Composite
5. DAX
You can change all indexes in the settings if you want.
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'Stan Weinstein' developed an indicator called Relative Strength which compares the relative strength of a stock with the associated index.
This indicator combines the relative strength with Weinstein's stage analysis.
The indiacator was made for weekly stock charts only!
BUY & HOLD Conditions (green):
1. Mansfield Relative Strength is above the zero line
2. Price is above the Simple Moving Average (30)
3. Simple Moving Average (30) is rising
SELL & HOLD Conditions (red):
1. Mansfield Relative Strength is below the zero line
2. Price is below the Simple Moving Average (30)
3. Simple Moving Average (30) is falling
It is recommended to end the trade when the trend changes.
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Please always remember, there is no holy grail indicator!
Mansfield Relative Strength Trend'Stan Weinstein' developed an indicator called Relative Strength which compares the relative strength of a stock with the associated index (in this case the S&P 500).
This indicator combines the relative strength with Weinstein's stage analysis.
The indiacator was made for weekly stock charts only!
BUY & HOLD Conditions (green):
1. Mansfield Relative Strength is above the zero line
2. Price is above the Simple Moving Average (30)
3. Simple Moving Average (30) is rising
SELL & HOLD Conditions (red):
1. Mansfield Relative Strength is below the zero line
2. Price is below the Simple Moving Average (30)
3. Simple Moving Average (30) is falling
It is recommended to end the trade when the trend changes.
Default index is S&P 500, but you can change the index in the settings if you want.
Please always remember, there is no holy grail indicator!
AJCrows RSIRelative Strength Index with indicator lines at 20, 30, 50, 70 and 80 marks. Use settings to show/hide these lines, and to choose appropriate colors.
Currency Relative Strengths V.2 [GM]Version 2 Updates
Speed has been increased by ~7X
Highest and lowest pairs now highlighted using brighter colors
Re-ordered pairs from highest to lowest 'flight to risk' rating
I created this tool for the purpose of determining strongest and weakest currencies over different periods of time. Each major currency is compared to the field of other majors and its average change is measured over a predetermined period of time. The result is displayed as a percentage. I use it for trend following but it can also be used to fade exhaustion.
Instructions
Add indicator to chart
Select a time frame under settings
Place cursor over period of interest
Click "Data Window" on right hand side bar
View % change avg values for each currency
Relative Strength of 2 securities - Jayy This is an update of the Relative Strength to index as used by Leaf_West.. 4th from the top. my original RS script is 3rd from the top.
In this use of the term " Relative Strength" (RS) what is meant is a ratio of one security to another.
The RS can be inerpreted in a fashion similar to price action on a regual security chart.
If you follow his methods be aware of the different moving averages for the different time periods.
From Leaf_West: "on my weekly and monthly R/S charts, I include a 13 EMA of the R/S (brown dash line) and
an 8 SMA of the 13 EMA (pink solid line). The indicator on the bottom of the weekly/monthly charts is an
8 period momentum indicator of the R/S line. The red horizontal line is drawn at the zero line.
For daily or 130-minute time periods (or shorter), my R/S charts are slightly different
- the moving averages of the R/S line include a 20EMA (brown dash line), a 50 EMA (blue dash line) and
an 8 SMA of the20 EMA (pink solid line). The momentum indicator is also slightly different from the weekly/monthly
charts – here I use a 12 period calculation (vs 8 SMA period for the weekly/monthly charts)."
Leaf's website has gone but I if you are interested in his methods message me.
What is different from my previous RS: The RS now displays RS candles. So if you prefer to watch price action of candles to
a line chart which only plots the ratio of closes then this will be more interesting to you.
I have also thrown in a few options to have fun with.
Jayy
Relative Strength Index on TranquilizersSome weeks ago, I had a patient in my practice who suffered from internal stability disorders.
Certainly not a case of disordered thinking or schizophrenic behaviour, because his general sense of direction wasn’t the problem.
He just couldn’t find the right overall balance, an ailment he struggled with for years.
Straight away I could diagnose that surgery wasn’t an option, so I gave him a medicine he would clearly benefit from.
I never heard from him again…. He must be doing just fine.
Cheers, Indicat...
Momentum of Relative strength to Index Leaf_West styleMomentum of Relative Strength to index as used by Leaf_West. This is to be used with the companion Relative Strength to Index indicator Leaf_West Style. Make sure you use the same index for comparison. If you follow his methods be aware of the different moving averages for the different time periods. From Leaf_West: "on my weekly and monthly R/S charts, I include a 13 EMA of the R/S (brown dash line) and an 8 SMA of the 13 EMA (pink solid line). The indicator on the bottom of the weekly/monthly charts is an 8 period momentum indicator of the R/S line. The red horizontal line is drawn at the zero line.
For daily or 130-minute time periods (or shorter), my R/S charts are slightly different - the moving averages of the R/S line include a 20EMA (brown dash line), a 50 EMA (blue dash line) and an 8 SMA of the20 EMA (pink solid line). The momentum indicator is also slightly different from the weekly/monthly charts – here I use a 12 period calculation (vs 8 SMA period for the weekly/monthly charts)." Leaf's methods do evolve and so watch for any changes to the preferred MAs etc..
Relative strength to Index set up as per Leaf_WestRelative Strength to index as used by Leaf_West. If you follow his methods be aware of the different moving averages for the different time periods. From Leaf_West: "on my weekly and monthly R/S charts, I include a 13 EMA of the R/S (brown dash line) and an 8 SMA of the 13 EMA (pink solid line). The indicator on the bottom of the weekly/monthly charts is an 8 period momentum indicator of the R/S line. The red horizontal line is drawn at the zero line.
For daily or 130-minute time periods (or shorter), my R/S charts are slightly different - the moving averages of the R/S line include a 20EMA (brown dash line), a 50 EMA (blue dash line) and an 8 SMA of the20 EMA (pink solid line). The momentum indicator is also slightly different from the weekly/monthly charts – here I use a 12 period calculation (vs 8 SMA period for the weekly/monthly charts)." Leaf's methods do evolve and so watch for any changes to the preferred MAs etc..
[RS][JR]RSI Donchian ChannelsRSI Donchian Channels
Built by Ricardo and JR
Here is a great indicator to use for strong trends. Donchian Channels react immediately to changes in the highest high and lowest low. For strong trends you want to trade when RSI is set along the upper or lower DC-RSI envelope. When the RSI releases from the DC-RSI envelope, you can take the trade off.
Multi Timeframe RSIThis will show you the RSI of the higher timeframes (up to 1D). Current Timeframe is colored red, higher timeframes are colored from light gray to darker gray (you can change that).
There are several ways to enter a trade:
1. look for rising RSI on higher timeframe (line is stepping up in indicator window), wait for current RSI to decline to oversold (with length 14 its below 30), look for a buy entry (vice versa for a sell setup)
2. look for all RSI timeframes to decline to oversold, this is a good zone to enter a buy (vice versa for a sell setup)
Keep in Mind that a Stochastic Indicator can have it's High/Low befor Price will have it.
Good Luck :)
