RSI / Stoch / SRSI / MFI / Aroon Overlay [SigmaDraconis]

Combines 4 popular indicators ( RSI , Stoch , SRSI, MFI ) and 1 peculiar one ( Aroon ) in 1 for those who want to save indicators but not only.
This is an evolution of my (simpler) "RSI / Stoch / Stoch RSI (SRSI) Overlay " that you can find on my scripts.

Added bands for oversold/overbought areas (70/30 common for RSI and 80/20 for SRSI and MFI ), as well as a middle 50 horizontal line.

Neutral bands around 55-45 added as well that can be hidden for less clutter. I also recommend a more transparent coloring for these since Pine script doesn't allow default transparency for horizontal lines.

By default only RSI and Stoch are activated, you can activate Aroon , MFI and SRSI on the inputs window.

Some extra notes:
* RSI , Stoch and MFI can help to strengthen one's decision as well as Aroon to predict a possible trend reversal, SRSI can show when RSI has high probability of being topped or bottomed when oversold/overbought but don't forget to look at volume and how the trend progresses that can keep SRSI above 80 or below 20 while RSI and price continues to trend, divergences are most helpful here to find possible reversal areas.
* This chart depicts some interesting divergences, as well as Stoch tops and bottoms and confluences between RSI / MFI and Stoch on some over-extended tops and bottoms that shown being good reversal zones.
RSI resistances are shown as well, failing to break above 60 or the neutral zone (this is a bearish BTC trend chart after all) or failing to gain support to break up certain levels ( RSI notes a more bullish trend when consistently above 60 and more bearish below 40 ).

If you like it and use it to profit, please tip me below :)

Tip jars:

BTC: 15nMBiEGVrdGcu9C1h6QRcTNRvugHkqrMQ
ETH: 0xC33845946c48B61fBCbEA0367ec2238CaF2b73bc
BTS: sigma-draconis




Is this a joke?
+6 返信
SigmaDraconis theodorejuliano
@theodorejuliano, what's the joke? The indicator set? The chart? Both?
I take critics seriously, so if something's wrong, I would like to understand why.
+15 返信
Hi SigmaDraconis, sorry for my stupid question.Meantime I succeed to implement in PineEditor.
Thanks for sharing!
+2 返信
SigmaDraconis paulconti
@paulconti, No problem, there are no stupid questions, it was actually an interesting one, although I don't use MT4 I did a quick search on Pine-to-MT4 code migration but didn't find anything I could use.
where is the buy and sell signals
+1 返信
SigmaDraconis YashBaviskar22
@YashBaviskar22, there are no automated buy and sell signals, the arrows were put there manually.
+1 返信
YashBaviskar22 SigmaDraconis
@SigmaDraconis, i think yo making me fool
YashBaviskar22 SigmaDraconis
@SigmaDraconis, when i applied the indicator there are no arrows any settings ?
SigmaDraconis YashBaviskar22
@YashBaviskar22, Again, the arrows were added by myself, manually, as an example of a possible (and subjective) analysis on price points where the indicators converged on levels that indicate trend reversals.

This not an automatic signal indicator, it's just a bundled set of great indicators to have 5 in 1 and allow you to add other if you have a free account.

... and I'm not here to fool anyone.
+2 返信
Hi, could you please explain what's the red dotted line at 40 mark in your screenshot ?

Very good combination. Save a lot of space and excellent including the MFI indicator.

If you have any updated version, I will be happy to test and report.