Inversion Fair Value Gap Oscillator | Flux Charts💎 GENERAL OVERVIEW
Introducing the new Inversion Fair Value Gap Oscillator (IFVG Oscillator) indicator! This unique indicator identifies and tracks Inversion Fair Value Gaps (IFVGs) in price action, presenting them in an oscillator format to reveal market momentum based on IFVG strength. It highlights bullish and bearish IFVGs while enabling traders to adjust detection sensitivity and apply volume and ATR-based filters for more precise setups. For more information about the process, check the "📌 HOW DOES IT WORK" section.
Features of the new IFVG Oscillator:
Fully Customizable FVG & IFVG Detection
An Oscillator Approach To IFVGs
Divergence Markers For Potential Reversals
Alerts For Divergence Labels
Customizable Styling
📌 HOW DOES IT WORK?
Fair Value Gaps are price gaps within bars that indicate inefficiencies, often filled as the market retraces. An Inversion Fair Value Gap is created in the opposite direction once a FVG gets invalidated. The IFVG Oscillator scans historical bars to identify these gaps, then filters them based on ATR or volume. Each IFVG is marked as bullish or bearish according to the opposite direction of the original FVG that got invalidated.
An oscillator is calculated using recent IFVGs with this formula :
1. The Oscillator starts as 0.
2. When a new IFVG Appears, it contributes (IFVG Width / ATR) to the oscillator of the corresponding type.
3. Each confirmed bar, the oscillator is recalculated as OSC = OSC * (1 - Decay Coefficient)
The oscillator aggregates and decays past IFVGs, allowing recent IFVG activity to dominate the signal. This approach emphasizes current market momentum, with oscillations moving bullish or bearish based on IFVG intensity. Divergences are marked where IFVG oscillations suggest potential reversals. Bullish Divergence conditions are as follows :
1. The current candlestick low must be the lowest of last 25 bars.
2. Net Oscillator (Shown in gray line by default) must be > 0.
3. The current Bullish IFVG Oscillator value should be no more than 0.1 below the highest value from the last 25 bars.
Traders can use divergence signals to get an idea of potential reversals, and use the Net IFVG Oscillator as a trend following marker.
🚩 UNIQUENESS
The Inversion Fair Value Gap Oscillator stands out by converting IFVG activity into an oscillator format, providing a momentum-based visualization of IFVGs that reveals market sentiment dynamically. Unlike traditional indicators that statically mark IFVG zones, the oscillator decays older IFVGs over time, showing only the most recent, relevant activity. This approach allows for real-time insight into market conditions and potential reversals based on oscillating IFVG strength, making it both intuitive and powerful for momentum trading.
Another unique feature is the combination of customizable ATR and volume filters, letting traders adapt the indicator to match their strategy and market type. You can also set-up alerts for bullish & bearish divergences.
⚙️ SETTINGS
1. General Configuration
Decay Coefficient -> The decay coefficient for oscillators. Increasing this setting will result in oscillators giving the weight to recent IFVGs, while decreasing it will distribute the weight equally to the past and recent IFVGs.
2. Fair Value Gaps
Zone Invalidation -> Select between Wick & Close price for FVG Zone Invalidation.
Zone Filtering -> With "Average Range" selected, algorithm will find FVG zones in comparison with average range of last bars in the chart. With the "Volume Threshold" option, you may select a Volume Threshold % to spot FVGs with a larger total volume than average.
FVG Detection -> With the "Same Type" option, all 3 bars that formed the FVG should be the same type. (Bullish / Bearish). If the "All" option is selected, bar types may vary between Bullish / Bearish.
Detection Sensitivity -> You may select between Low, Normal or High FVG detection sensitivity. This will essentially determine the size of the spotted FVGs, with lower sensitivies resulting in spotting bigger FVGs, and higher sensitivies resulting in spotting all sizes of FVGs.
3. Inversion Fair Value Gaps
Zone Invalidation -> Select between Wick & Close price for IFVG Zone Invalidation.
4. Style
Divergence Labels On -> You can switch divergence labels to show up on the chart or the oscillator plot.
オシレーター
RSI Trend IndicatorKey features:
Calculation and visualization of RSI :
RSI Length : You set a custom RSI length (default 14) which gives users the flexibility to adjust the period according to their trading style.
Plotting RSI : The RSI is plotted on the chart with a blue line, making it easy to see the RSI value at any given moment.
Overbought/Oversold Levels : Overbought and oversold levels are visually represented at 70 and 30 respectively with red and green lines, which helps traders spot potential reversal zones. This is a key feature as these levels indicate when the market may be overextended.
Trend Identification:
Uptrend Signal : The indicator detects uptrends when the RSI crosses above the oversold level (30). This is a clear signal of potential buying opportunities as the market may be moving from oversold conditions to an uptrend.
Downtrend Signal : It also identifies downtrends when the RSI crosses below the overbought level (70), signaling potential selling opportunities when the market may move from overbought conditions to a bearish phase.
Background lighting:
Using background color changes is an effective way to visually indicate the direction of the trend. A green background indicates an uptrend, while a red background indicates a downtrend. This feature improves clarity, especially when analyzing multiple time frames or busy charts.
Transparency : The background color has a level of transparency (85) that does not completely obscure the chart, ensuring that price action remains visible while giving the user an indication of market direction.
Signal schedule:
Buy and Sell Signals : The BUY label appears below the bar when an uptrend is detected and the SELL label appears above the bar when a downtrend is detected. These signals make it easy for traders to spot potential entry and exit points without constantly watching the chart.
The signal text is color coded to match the trend direction, improving readability of the indicator.
Warning conditions:
Alerts are set when the RSI begins an uptrend or downtrend, providing traders with notifications of important market changes. This is especially useful for those who want to automate their trading strategy or stay informed without constantly looking at the chart.User experience:
Customization : Users can adjust RSI length and overbought/oversold levels to suit their individual trading preferences. This flexibility makes it adaptable to different trading styles (eg scalping, day trading, swing trading).
Visual Clarity : The use of different colors (blue for RSI, red/green for overbought/oversold levels) and labels makes the indicator easy to read and interpret. Additionally, changing the background color helps users quickly identify the current trend without having to analyze numbers or lines. Pros:
Clear Signals: The indicator provides clear buy and sell signals based on RSI crossovers, helping traders identify potential opportunities at a glance.
Visual Trend Indicators: Changing background color and label positions are excellent visual cues, especially for beginners.
Alert System: Built-in alerts ensure traders don't miss important trend reversals or entries.
Customizability: With adjustable RSI length parameters and overbought/oversold levels, users can tailor the indicator to their trading style.
Simple yet effective: The indicator keeps things simple by using the power of RSI to detect trends without overwhelming users with too many technical indicators. Cons:
Lagging Indicator: As with all RSI based indicators, this tool can lag in highly volatile markets as the RSI is based on past price data. This can lead to delayed signals, especially in fast-moving markets.
Overbought/Oversold Traps: While the RSI can be a useful tool for spotting potential reversals, it can sometimes signal early, leading to false buy or sell signals. For example, if the RSI remains overbought for an extended period of time during strong uptrends, a sell signal may be triggered prematurely.
No Trend Confirmation: The RSI alone does not confirm the strength of the trend. Combining this with other trend-following indicators such as moving averages (EMA, SMA) or MACD can improve its reliability. Let me know if this tool helped improve your trading! Happy trading!
MTF TREND/RSIMTF TREND ANALYSIS
JUST A THEORY
USING RSI FROM xdecow as well for just an added confluence
someone wanted to use this so i decided to publish for just open source use not sure how accurate any of this is
Probabilistic Trend Oscillator** MACD PLOTS ARE NOT PART OF THE INDICATOR IT IS FOR COMPARSION**
The "Probabilistic Trend Oscillator" is a technical indicator designed to measure trend strength and direction by analyzing price behavior relative to a moving average over both long-term and short-term periods. This indicator incorporates several innovative features, including probabilistic trend detection, enhanced strength scaling, and percentile-based thresholds for identifying potential trend reversals.
Key Components
Inputs:
The indicator allows users to customize several key parameters:
EMA Length defines the period for the Exponential Moving Average (EMA), which serves as a baseline to classify trend direction.
Long and Short Term Lengths provide customizable periods for analyzing trend strength over different timeframes.
Signal Line Length is used to smooth the trend strength data, helping users spot more reliable trend signals.
Extreme Value Lookback Length controls how far back to look when calculating percentile thresholds, which are used to identify overbought and oversold zones.
Trend Classification:
The indicator categorizes price behavior into four conditions:
Green: Price closes above the open and is also above the EMA, suggesting a strong upward trend.
Red: Price closes below the open but is above the EMA, indicating weaker upward pressure.
Green1: Price closes above the open but remains below the EMA, representing weak upward movement.
Red1: Price closes below the open and the EMA, signaling a strong downward trend.
Trend Strength Calculation:
The script calculates long-term and short-term trend values based on the frequency of these trend conditions, normalizing them to create probabilistic scores.
It then measures the difference between the short-term and long-term trend values, creating a metric that reflects the intensity of the current trend. This comparison provides insight into whether the trend is strengthening or weakening.
Enhanced Trend Strength:
To emphasize significant movements, the trend strength metric is scaled by the average absolute price change (distance between close and open prices). This creates an "enhanced trend strength" value that highlights periods with high momentum.
Users can toggle between two variations of trend strength:
Absolute Trend Strength is a straightforward measure of the trend's force.
Relative Trend Strength accounts for deviations between short term and long term values, focusing on how current price action differs from a long term behavior.
Percentile-Based Thresholds:
The indicator calculates percentile thresholds over the specified lookback period to mark extreme values:
The 97th and 3rd percentiles act as overbought and oversold zones, respectively, indicating potential reversal points.
Intermediate levels (75th and 25th percentiles) are added to give additional context for overbought or oversold conditions, creating a probabilistic range.
Visualization:
The selected trend strength value (either absolute or relative) is plotted in orange.
Overbought (green) and oversold (red) percentiles are marked with dashed lines and filled in blue, highlighting potential reversal zones.
The signal line—a smoothed EMA of the trend strength—is plotted in white, helping users to confirm trend changes.
A gray horizontal line at zero acts as a baseline, further clarifying the strength of upward vs. downward trends.
Summary
This indicator provides a flexible, probabilistic approach to trend detection, allowing users to monitor trend strength with customizable thresholds and lookback periods. By combining percentile-based thresholds with enhanced trend strength scaling, it offers insights into market reversals and momentum shifts, making it a valuable tool for both trend-following and counter-trend trading strategies.
Rikki's DikFat Buy/Sell OscillatorAttached we have a very simple Buy/Sell Oscillator.
This script will color candles red when price is bear trending and green when price is bull trending.
I have taken elements of our CCI color signaler indicator found here: to make this very simple and easy to read candlestick color oscillator for traders both new and seasoned.
The the red candles color red as a result of the fuchsia CCI condition on the previously mentioned indicator.
The green candles color as a result of the black CCI color condition on the previously mentioned script.
The script was modified to run the black CCI condition anywhere the fuchsia condition is not displayed and the colors were changed to red and green for a clean visual representation on the chart.
I have not quite got the wick and border colors correct. For some reason they keep reverting when you click out of the script setting. Will update once complete.
The code and script are public. Enjoy :)
Stochastic RSI with Golden Entries/ExitsStochastic RSI with gold entries/exits
Review
The Stochastic RSI with Golden Entries/Exits indicator is designed to provide traders with high probability entry and exit points based on the Stochastic RSI. By combining RSI and stochastic indicators, this tool aims to capture overbought and oversold conditions in a precise manner, allowing traders to spot potential reversal points with precision.
Main features and functionality
Stochastic RSI Calculation:
The indicator calculates the Relative Strength Index (RSI) and applies a stochastic function to the RSI values. This approach provides a nuanced view of overbought and oversold conditions, helping traders identify turning points even in trending markets.
The main stochastic RSI parameters are:
K Line (blue) – A smoothed version of the Stochastic RSI %K line that helps filter out noise.
D line (orange) – additional smoothing of the K line used as a signal line.
These lines can be customized through parameters allowing adjustments based on trading style or market conditions.
Golden entry and exit signals:
Golden Entry: The script identifies potential buy signals (golden entries) when the K line crosses above the D line below the oversold level (20). These conditions are often associated with bullish reversals.
Gold Exit: Sell signals (gold exits) occur when the K line crosses below the D line above the overbought level (80), signaling a possible bearish reversal.
Visual signals (points) are displayed on the graph:
Green circle below bar for gold entry points.
Red circle above bar for Golden Exit points.
Visual improvements:
Bands and Middle Line: The upper (80) and lower (20) bands provide reference points for overbought and oversold conditions, while the middle band (50) helps measure the neutral zone.
Background shading: The area between the 80 and 20 bands is shaded, making it easier to identify areas where the Stochastic RSI may signal extreme conditions.
Background lighting for entries: The background turns soft yellow when the Golden Entry condition is met, helping traders easily spot potential buying opportunities.
How to use
Golden Entry: Use the green circles to spot potential long (buy) entries when the Stochastic RSI shows an oversold reversal.
Golden Exit: Use the red circles to identify potential short (sell) signals when the Stochastic RSI signals an overbought reversal.
Trend Confirmation: Combine this indicator with other trend following tools such as moving averages or price action signals to confirm trade entries and exits.
Customization options
K and D smoothing periods: Adjust the smoothness of the K and D lines to adapt to different time frames and market conditions.
RSI and Stochastic Lengths: Fine-tune RSI lengths and Stochastic calculations to tailor the sensitivity of the indicator.
Final thoughts
The Stochastic RSI with Golden Entries/Exits indicator offers a unique combination of RSI and stochastic analysis, highlighting potential reversal points with simple visual cues. Whether you are a day trader or a swing trader, this tool can help you refine your entry and exit strategies, especially in volatile markets.
Let me know if you find this indicator useful, or feel free to suggest features you'd like to see added. Happy trading!
Alex JMA RSX Clone with Price & Divergence [LazyBear]Indicator Description:
RSX Indicator (RSXC_LB): This script is based on a clone of the JMA RSX (Relative Strength Index clone by LazyBear). It is a momentum-based indicator that helps identify overbought and oversold levels, as well as potential trend reversals.
Functional Changes:
Convergence is now marked with a white line on the RSX plot.
Bullish Divergence is marked with a green line, indicating potential upward movement.
Bearish Divergence is marked with a red line, indicating potential downward movement.
The default state is marked with a blue line.
Strong Divergences (both bullish and bearish) are highlighted with triangle markers on the chart.
Updated Features:
The script now visualizes convergence and divergence more clearly using distinct colors:
White: Convergence (indicates potential trend strength).
Green: Bullish divergence (possible price increase).
Red: Bearish divergence (possible price decrease).
Blue: Neutral/default state.
Triangle markers indicate strong divergences, making it easier for the user to spot critical moments.
This visual enhancement aims to provide clearer and more intuitive signals for traders using the RSX indicator, helping them identify trend changes and reversals more effectively.
30 min Aroon Datlı StrategyUse 30 minute with 100 SMA. If it buys above 100 SMA a long trade will be entered. If it sells below 100 SMA short trade will be entered.
Swiss Army Knife Technical Indicator by OthoThis indicator is a powerful tool designed for traders who want a clear, multi-timeframe perspective on market trends. It combines multiple features into one easy-to-read tool, providing insights into market direction, trend strength, and key price action patterns. The indicator also highlights areas of bullish and bearish runs, helping users quickly identify potential opportunities.
Features
Multi-Timeframe Bias Analysis:
This feature calculates trend bias across various timeframes (12-month, monthly, weekly, daily, 4-hour, and 1-hour).
The overall "Current Bias Preference" (Bullish, Bearish, or Neutral) summarizes the market’s direction.
A "Strength of Bias" percentage shows the confidence in the trend, from 0% to 100%.
Bullish/Bearish Run Zones:
The indicator highlights bullish and bearish run periods with green and red background colors, respectively.
These areas represent periods of strong directional moves and help you visually identify trends without cluttering the chart with stop-loss levels.
Once a trend is identified, the timeline remains on the chart as a visual reminder of past market movement, making it easy to reference recent bullish or bearish runs.
RSI Condition Indicator:
The "RSI Indicator" provides a reading of overbought/oversold levels as a percentage (e.g., “Overbought 70%”).
This helps gauge market momentum and identify potential reversal points.
Candle Pattern Recognition:
The tool identifies key candle patterns, including Doji, Hammer, Bullish Engulfing, and Bearish Engulfing.
Patterns are labeled directly on the chart, helping traders quickly spot important price action signals.
How to Use It
Identify Market Direction: Check the "Current Bias Preference" and "Strength of Bias" to determine the overall trend. For instance, if all timeframes align as "Bullish" with a high strength percentage, this suggests a strong uptrend.
Use Bullish/Bearish Run Zones: The green and red background colors highlight past bullish and bearish runs, allowing you to see recent directional momentum without cluttering the chart.
Monitor RSI Levels: The RSI Indicator displays overbought/oversold conditions as a percentage, helping you assess potential reversals or continuation signals.
Watch for Candle Patterns: Look out for Doji, Hammer, and Engulfing patterns, which may signal entry or exit points when aligned with the overall trend.
This tool provides a structured way to assess trends, spot entry signals, and visualize past market movements, making it an excellent companion for any trader’s toolkit.
Stochastic RSI V1Stokastik RSI V1 - Kesişim noktaları işaretlendi, aşırı alım ve satım bölgeleri oluşturuldu. Çok ta önemli olmayabilecek değişiklikler işte...
Combined HalfTrend + Willy EMA StrategyAl dene /@version=5
indicator("Combined HalfTrend + Willy EMA Strategy", overlay=true)
// HalfTrend Ayarları
amplitude = input(2, title="HalfTrend Amplitude")
channelDeviation = input(2, title="HalfTrend Channel Deviation")
emaLength = input(12, title="EMA Length") // Williams %R için EMA uzunluğu
wrLength = input(45, title="Williams %R Length") // Williams %R uzunluğu
// HalfTrend Değişkenleri
var int trend = 0
var int nextTrend = 0
var float maxLowPrice = nz(low , low)
var float minHighPrice = nz(high , high)
var float up = 0.0
var float down = 0.0
float atr2 = ta.atr(100) / 2
float arrowUp = na
Average Yield InversionDescription:
This script calculates and visualizes the average yield curve spread to identify whether the yield curve is inverted or normal. It takes into account short-term yields (1M, 3M, 6M, 2Y) and long-term yields (10Y, 30Y).
Positive values: The curve is normal, indicating long-term yields are higher than short-term yields. This often reflects economic growth expectations.
Negative values: The curve is inverted, meaning short-term yields are higher than long-term yields, a potential signal of economic slowdown or recession.
Key Features:
Calculates the average spread between long-term and short-term yields.
Displays a clear graph with a zero-line reference for quick interpretation.
Useful for tracking macroeconomic trends and potential market turning points.
This tool is perfect for investors, analysts, and economists who need to monitor yield curve dynamics at a glance.
Depth Trend Indicator - RSIDepth Trend Indicator - RSI
This indicator is designed to identify trends and gauge pullback strength by combining the power of RSI and moving averages with a depth-weighted calculation. The script was created by me, Nathan Farmer and is based on a multi-step process to determine trend strength and direction, adjusted by a "depth" factor for more accurate signal analysis.
How It Works
Trend Definition Using RSI: The RSI Moving Average ( rsiMa ) is calculated to assess the current trend, using customizable parameters for the RSI Period and MA Period .
Trends are defined as follows:
Uptrend : RSI MA > Critical RSI Value
Downtrend : RSI MA < Critical RSI Value
Pullback Depth Calculation: To measure pullback strength relative to the current trend, the indicator calculates a Depth Percentage . This is defined as the portion of the gap between the moving average and the price covered by a pullback.
Depth-Weighted RSI Calculation: The Depth Percentage is then applied as a weighting factor on the RSI Moving Average , giving us a Weighted RSI line that adjusts to the depth of pullbacks. This line is rather noisy, and as such we take a moving average to smooth out some of the noise.
Key Parameters
RSI Period : The period for RSI calculation.
MA Period : The moving average period applied to RSI.
Price MA Period : Determines the SMA period for price, used to calculate pullback depth.
Smoothing Length : Length of smoothing applied to the weighted RSI, creating a more stable signal.
RSI Critical Value : The critical value (level) used in determining whether we're in an uptrend or a downtrend.
Depth Critical Value : The critical value (level) used in determining whether or not the depth weighted value confirms the state of a trend.
Notes:
As always, backtest this indicator and modify the parameters as needed for your specific asset, over your specific timeframe. I chose these defaults as they worked well on the assets I look at, but it is likely you tend to look at a different group of assets over a different timeframe than what I do.
Large pullbacks can create large downward spikes in the weighted line. This isn't graphically pleasing, but I have tested it with various methods of normalization and smoothing and found the simple smoothing used in the indicator to be best despite this.
Advance RSI Renko CalculationRSI based BUY and SELL on Renko Chart, only works good on renko chart, choose block size wisely for better results.
Custom AO with Open Difference**Custom AO with Open Difference Indicator**
This indicator, *Custom AO with Open Difference*, is designed to help confirm trend direction based on the relationship between the daily open price and recent 4-hour open prices. It calculates the Awesome Oscillator (AO) based on the difference between the daily open price and the average of the previous six 4-hour open prices. This approach provides insight into whether the current open price is significantly diverging from recent short-term opens, which can indicate a trend shift or continuation.
### Technical Analysis and Features
1. **Trend Confirmation**: By comparing the daily open with the mean of six previous 4-hour open prices, this indicator helps identify trends. When the current daily open is below the average of recent opens, the AO value will plot as green, signaling potential upward momentum. Conversely, if the daily open is above the recent average, the histogram will plot red, suggesting possible downward momentum.
2. **Non-Repainting**: Since it relies on completed 4-hour and daily open prices, this indicator does not repaint, ensuring that all values remain fixed after the close of each period. This non-repainting feature makes it suitable for backtesting and reliable for trend confirmation without fear of historical changes.
3. **AO Mean Calculation**: The indicator calculates the average of six previous 4-hour open prices, providing a smoothed value to reduce short-term noise. This helps in identifying meaningful deviations, making the AO values a more stable basis for trend determination than using just the latest 4-hour or daily open.
4. **Histogram for Visual Clarity**: The indicator is displayed as a histogram, making it easy to identify trend changes visually. If the AO bar turns green, it’s a signal that the 4-hour average is below the daily open, suggesting an uptrend or bullish momentum. Red bars indicate that the daily open is above the recent 4-hour averages, potentially signaling a downtrend or bearish momentum.
### Practical Application
The *Custom AO with Open Difference* is a versatile tool for confirming the open price trend without needing complex oscillators or lagging indicators. Traders can use this tool to gauge the market sentiment by observing open price variations and use it as a foundation for decision-making in both short-term and daily timeframes. Its non-repainting nature adds reliability for traders using this indicator as part of a broader trading strategy.
Multi VWAPs (Daily Weekly Monthly Yearly)This indicator calculates VWAP for daily, weekly, monthly, and yearly timeframes, which can be toggled on/off in the settings.
Each VWAP (Daily, Weekly, Monthly, and Yearly) is plotted with a different color for easy distinction:
Daily VWAP: Blue
Weekly VWAP: Green
Monthly VWAP: Purple
Yearly VWAP: Red
ATAMOKU - Ichimoku-Based Independent Scoring System
Name Origin of ATAMOKU:
The name ATAMOKU combines "Ata" (which means "I existed" in Japanese and "ancestor or father" in Turkish, which is also my name) and "Moku," meaning "cloud" in Japanese. This name reflects a unique scoring system based on Ichimoku principles, designed to help traders analyze trends and identify entry and exit points more accurately.
Scoring System Overview:
ATAMOKU leverages key Ichimoku values, including the Conversion Line, Base Line, and Leading Spans A and B. By applying mathematical functions and formulas, these values are used to generate a comprehensive score that indicates market strength and trend direction. This scoring system works independently of the price position relative to the Ichimoku cloud, allowing traders to identify potential entry and exit points in any time frame.
Signal and Smoothing Lines:
The script includes signal and smoothed lines that display signals continuously and can be customized with different smoothing techniques such as SMA, EMA, and WMA. These lines visually highlight entry and exit points, adapting to the trader's individual strategy.
Settings and Customization:
ATAMOKU offers several customization options to suit various trading preferences:
Scoring Method:
The scoring system uses hierarchical comparisons of Ichimoku values, with configurable weights for each comparison.
Smoothing Techniques:
Users can choose from several smoothing methods (SMA, EMA, WMA) to adjust signal sensitivity, allowing traders to fine-tune the display according to their preferred trading style.
Period Adjustments:
Options for adjusting the period of the scoring and smoothing calculations are provided to accommodate different time frames and trading strategies.
Display and Visualization:
ATAMOKU presents the data using a histogram and line chart format, enabling traders to observe trends and potential entry and exit points quickly and clearly.
Key Features:
Flexibility Across Time Frames, usable on any time frame without restriction.
Independent Cloud Position Scoring, Generates signals and identifies entry and exit points independently of the price position relative to the cloud.
Multi-Dimensional Analysis, Analyzes various Ichimoku data points and uses mathematical functions to offer traders a comprehensive market view.
Support and Contact:
For further information, customization questions, or support, please feel free to reach out via Private Message on TradingView. If you have a Premium account, additional contact details can also be included in the Signature field below.
RSI by ShrimpChén thánh Rsi
Chỉ báo này sẽ cho bạn biết khi nào rsi sẽ phân kỳ
Cũng như lồng ghép các đường ema và wma chu kỳ 9 và 45 vào rsi
Điều này làm cho việc đọc biểu đồ dễ dàng hơn rất nhiều
Golden Oscillator [MTF]Custom Oscillator to identify tops and bottoms.
Experiment on different chart times and script timeframes.
Trend Scanner for Renko BITCOIN BOT with AO IntegrationThe Trend Scanner for Renko Bitcoin Bot with AO Integration is a specialized trading indicator designed for identifying macro trend shifts in Bitcoin using Renko charts, enhanced by the Awesome Oscillator (AO) for added confirmation of momentum and trend strength.
Black RSI (Multi Symbol RSI)📌 GENERAL OVERVIEW
Black RSI (Multi Symbol RSI) is an indicator with multiple-RSI (multi-symbol support), It is a powerful indicator designed for analyzing the relative strength of multiple financial instruments within a single chart. This indicator essentially combines multiple instances of the Relative Strength Index (RSI) for different symbols, allowing traders to compare and contrast market conditions for a broader, simultaneous analysis of various assets. By tracking RSI across multiple assets, traders can identify broader market trends, and sector rotations, or pinpoint relative strengths and weaknesses among different instruments. Please check the below sections for details.
Black RSI (Multi Symbol RSI) Indicator Features Summary:
+ Multiple RSI with multi-symbol ◢
This indicator plots Primary+3 multiple RSI for multiple symbols at once. For instance, it could simultaneously show the RSI of indices (e.g., SPX, NASDAQ) or stocks within a sector, providing insights into how these assets are moving relative to one another.
+ Custom Divergence Module ◢
It allows the user to select the divergence source among the multiple RSI (Primary, 1st, 2nd or 3rd RSI) and displays regular/hidden bullish/bearish divergence for selected RSI only.
+ Custom RSI Moving Average/BBs ◢
It allows the user to select the RSI moving average/BBs source among the multiple RSI (Primary, 1st, 2nd or 3rd RSI) and displays moving average/BBs for selected RSI only.
+ Alert Triggers ◢
The indicator can incorporate alert functions that notify the user when an RSI threshold (e.g., overbought or oversold levels) is crossed for any of the selected symbols.
📌HOW TO USE IT
Confirm Trends Across Symbols: Use the indicator to confirm trends across multiple assets. For example, if most symbols within a sector or index are showing RSI levels above 50, it may indicate a bullish trend in that sector. Conversely, if most RSIs are below 50, it may signal bearish sentiment.
Spot Divergences: Look for RSI divergences across symbols, which can hint at potential reversals. For instance, if most symbols show declining RSI levels while a few have increasing RSI, it could indicate relative strength in those few, making them candidates for closer watch.
Identify Overbought/Oversold Conditions: By observing the RSI levels of multiple symbols, you can identify when certain assets are overbought (typically RSI > 70) or oversold (typically RSI < 30). When multiple assets show similar RSI levels, this can indicate broader market sentiment or sector momentum.
Sector Rotation Analysis: In longer-term trading or portfolio rebalancing, a Multi-RSI Multi-Symbol indicator can help detect sector rotation patterns by showing which sectors are gaining strength (higher RSI) and which are weakening, facilitating informed sectoral shifts.
Use in Conjunction with Other Indicators: The Multi-RSI can serve as a supporting indicator alongside trend indicators like Moving Averages or Bollinger Bands, helping to confirm entry and exit points. For example, if a symbol’s RSI shows an overbought condition and it aligns with a resistance level from a Moving Average, this could strengthen a sell signal.
Customization: Customize the settings to match your trading style. For instance, day traders might prefer a shorter RSI period and timeframes, while swing traders may benefit from longer timeframes and smoother RSI.
⚙️Black RSI (Multi Symbol RSI) SETTINGS
Black RSI (Multi) Dashboard ◢
+ 1st RSI: Enable/Disable 1st RSI
+ 2nd RSI: Enable/Disable 2nd RSI
+ 3rd RSI: Enable/Disable 3rd RSI
RSI Primary Tools ◢
+ RSI Moving Average/Bollinger Bands: Enable/Disable RSI Moving Average/Bollinger Bands
+ Smooth RSI: Enable/Disable Smooth RSI (for Primary RSI)
+ RSI Divergence: Enable/Disable Divergence for user-selected RSI
RSI Secondary Tools ◢
+ RSI OB/OS Color Bars: Enable/Disable RSI OB/OS Color Bars for user-selected RSI
+ RSI OB/OS Highlights: Enable/Disable OB/OS Highlights for user-selected RSI
+ Background: Enable/Disable RSI Background
+ Primary RSI Settings ▾
- Override Primary RSI Symbol: Allows the user to select the symbol for Primary RSI
- Primary RSI Length: User input primary RSI length value
- Primary RSI Source: User primary RSI source selection
- RSI Line Thickness: User input line thickness value for primary RSI
- Primary RSI Colors:
- OB/OS Highlights: Enable/Disable OB/OS Primary RSI Highlights
- RSI Overbought Threshold: The user can set the RSI overbought threshold value. This Overbought Threshold value will also be applied to All RSI (Primary, 1st, 2nd, 3rd) and "RSI Divergence overbought condition" and "RSI OB/OS Highlights"
- RSI Oversold Threshold: The user can set the RSI oversold threshold value. The lower band (oversold line) of RSI. This Oversold Threshold value will also be applied to All RSI (Primary, 1st, 2nd, 3rd) and "RSI Divergence oversold condition" and "RSI OB/OS Highlights"
+ 1st RSI Settings ▾
- Override 1st RSI Symbol: Allows the user to select the symbol for 1st RSI
- 1st RSI Length: User input 1st RSI length value
- 1st RSI Source: User 1st RSI source selection
- RSI Line Thickness: User input line thickness value for 1st RSI
- 1st RSI Colors:
- OB/OS Highlights: Enable/Disable OB/OS 1st RSI Highlights
+ 2nd RSI Settings ▾
- Override 2nd RSI Symbol: Allows the user to select the symbol for 2nd RSI
- 2nd RSI Length: User input 2nd RSI length value
- 2nd RSI Source: User 2nd RSI source selection
- RSI Line Thickness: User input line thickness value for 2nd RSI
- 2nd RSI Colors:
- OB/OS Highlights: Enable/Disable OB/OS 2nd RSI Highlights
+ 3rd RSI Settings ▾
- Override 3rd RSI Symbol: Allows the user to select the symbol for 3rd RSI
- 3rd RSI Length: User input 3rd RSI length value
- 3rd RSI Source: User 3rd RSI source selection
- RSI Line Thickness: User input line thickness value for 3rd RSI
- 3rd RSI Colors:
- OB/OS Highlights: Enable/Disable OB/OS 3rd RSI Highlights
+ RSI Bands & Threshold Settings ▾
- RSI Middle Band: Allows the user to plot optional RSI band on the RSI Oscillator
- RSI Bullish Band: Allows the user to plot optional RSI band on the RSI Oscillator
- RSI Bearish Band: Allows the user to plot optional RSI band on the RSI Oscillator
+ Primary RSI Smooth Settings ▾
- Type: The user selected Smooth MA type for Primary RSI. With RSI Smooth enabled, it will also affect Primary RSI Divergences detection (all divergences will be plotted according to the "Smoothed RSI line")
- Length: User input Smooth MA length value for Primary RSI
+ RSI Moving Average Settings ▾
- MA/BB RSI Source: Allows the user to MA/BB source selection
- MA/BB Enable/Disable: Allows the user to select Moving average only, BBs only or Both to display on the RSI Oscillator
- RSI Moving Average Colors: Allows the user to select Bullish/Bearish colours of RSI Moving Average
- RSI Moving Average Type: Allows the user to select RSI MA Type
- RSI Moving Average Length: User input RSI MA length value
- RSI Moving Average Thickness: User input RSI MA thickness
- Bollinger Bands Colors: Allows the user to select BBs colours
- BB StdDev: user input Bollinger Bands standard deviation value
+ RSI Divergence Settings ▾
- Divergence RSI source: User selection of divergence source .
- Divergence source: User selection of divergence source . "oscillator" (divergence detection with high/low or close of RSI), "price" (divergence detection with high/low or close of price)
- Bull price source: User selection of Bull price source. Bull price source: "Low" (low of price divergence detection), "Close" (close of price divergence detection) (linked to "price" in "Divergence source")
- Bear price source: User selection of Bear price source. Bear price source: "High" (high of price divergence detection), "Close" (close of price divergence detection) (linked to "price" in "Divergence source")
- Low/High left bars: How many candles to compare on the left side of a candle when deciding whether it is a pivot. The lower the number is, the earlier pivots (and therefore divergences) will be signalled, but the quality of those detections could be lower.
- Low/High right bars: How many candles to compare on the right side of a candle when deciding whether it is a pivot. The lower the number is, the earlier pivots (and therefore divergences) will be signalled, but the quality of those detections could be lower.
- Maximum lookback bars: The maximum length of a divergence (number of bars). If a detected divergence is longer than this, it will be discarded.
- Price threshold: User selection of Price threshold, higher values more lines
- RSI threshold: User selection of RSI threshold, higher values more lines
- Show Lows: Displays lows of RSI
- Show Highs: Displays highs of RSI
- Show Divergence as:
- Line Style:
- Line thickness: User input divergence line thickness value
- Label Transparency: it could reduce label mess on the oscillator line, input "100" for label text only without label background
- Labels Text Color: User label text colour selection
Auto Text Color > Auto colour change of label text according to Dark/Light chart theme
- Bull Divergences: Enable/Disable of Bull divergences
> Color: User selection of Bull divergence color
> Potential Bull: It will plot potential regular bull divergence with a dotted line.
- Bear Divergences: Enable/Disable of Bear divergences
> Color: User selection of Bear divergence color
> Potential Bear: It will plot potential regular bear divergence with a dotted line.
- Hidden Bull Div: Enable/Disable of Hidden Bull divergences
> Color: User selection of Hidden Bull divergence colour
> Potential H.Bull: It will plot potential hidden bull divergence with a dotted line.
- Hidden Bear Div: Enable/Disable of Hidden Bear divergences
> Color: User selection of Hidden Bear divergence colour
> Hidden Bear divergence: It will plot potential hidden bear divergence with a dotted line.
> Regular Bull oversold only: It will show Regular Bullish RSI divergences in the oversold zone only, RSI oversold threshold can be configured in the "Primary RSI Settings" section.
> Regular Bear overbought only: It will show Regular Bearish RSI divergences in the overbought zone only, RSI overbought threshold can be configured in the "Primary RSI Settings" section.
+ RSI OB/OS Colored Bars Settings▾
- OB/OS Bar RSI Source: User selection of OB/OS Bars RSI source .
- Overbought Bar Color: User RSI OB Bars colour selection
- Oversold Bar Color: User RSI OS Bars colour selection
+ Overbought/Oversold Highlights ▾
- OB/OS Highlights RSI Source: User selection of OB/OS Highlights RSI source .
- Overbought Highlights : Enable/Disable Overbought Highlights
- Oversold Highlights : Enable/Disable Oversold Highlights
- Transparency: Gradient transparency of highlighted area
+ RSI Line & Label Settings ▾
- Show Symbol label: Enable/Disable each RSI symbol label.
- RSI line offset: Shifts the RSI to the left or the right on the given number of bars, Default is 0
+ Background Setting ▾
- Custom Background Color: User selection of Background color
Feedback & Bug Report
If you find any bugs in this indicator or have any suggestions, please let me know. Please give feedback & appreciate it if you like to see more future updates and indicators. Thank you
MTF CCI Scanner [KaninFx]MTF CCI Scanner (Multi-Timeframe CCI Scanner) is an indicator that analyzes CCI (Commodity Channel Index) values across multiple timeframes simultaneously, from M1, M3, M5, M15, M30, H1, H4, to D1. It displays results in a table format showing CCI values and states (Overbought, Oversold, Neutral), allowing traders to quickly visualize buying-selling pressure across all timeframes.
