This indicator is mostly the same as other RSI+EMA indicators, the relevant difference is that it uses three EMAs instead of one.
The additional two EMAs can act as support/resistance and tell how strong a move is (eg. 'Williams Alligator'). It provides the same utility any MA does.
This indicator evaluates the trend based on crosses of two McGinley moving averages. It paints candles accordingly (it does not repaint), so you can see what the indicator is saying more clearly and stay in your trade until you see a period of consolidation or a reversal. You can control how far away those moving averages need to be for you to consider it a trend....
Tactics and strategy
The indicator combines 2 variants of the RSI indicator. The first option is calculated relative to the normal close price. The second option is calculated relative to the volume price. The volume price is calculated as the product of the volume price. For normal RSI, the default period is 9, for the volume price .
Settings. Level_close sets...
Spiky Iguana Multi RSI Bands by RagingRocketBull 2018
Version 1.0
This indicator shows multiple RSI Bands with prices corresponding to specified overbought/oversold RSI levels.
It is used to extrapolate the exact price levels currently matching a given set of RSI levels based on prior price/RSI levels action.
You can think of it as a reverse RSI where RSI levels...
This Stochastic Special Strategy features inputs for:
- Custom Backtesting Date Range
- Long and Short Strategy Discinctions
- Utilize SMI, RSI, Martingale, and Body-Filter Strategy
- Adjust the SMI Percent Lengths and Limit
- Automate with the Autoview Trading Bot
Strategy script may be tested by favoriting and adding to any chart.
Study script is...
Gives the same info as a conventional RSI oscillator except it's shown as a scary cave that price is trying to avoid touching. An indicator for the more visual traders out there. With thanks to LazyBear for the RSI band code.
I've included an RSI in the chart above for demonstration purposes.
Here it is Everyone - What was once hidden is now revealed
This is the Ultimate RSI Divergence Indicator
Not only does it plot Regular and Hidden Divergence lines for an RSI smoothed by an EMA and for its Signal Line
The RSI can be set to change color with direction or can be set as single color with or with out OB / OS highlights
Color Changing RSI helps when...
The script adds wicks to the RSI candle indicator.
It is based on the RSI candle indicator by cI8DH.
Note that the definition of these wicks is not unique.
The implementation uses an RSI calculated from the highs and lows for the wicks.
This indicator is based on inverse fisher rsi with some modification
so in this way we can create RSI that if cross the zero its bullish and fall bellow zero is bearish.
Also in this way it easy to create more accurate signal based on the RSI
I set it on 14 length , if you want it more active set it on 5
RSI Cross Explanation;
It's simple,
When short-term RSI crossover long-term RSI ; BUY ( Green Area )
When short-term RSI crossunder long-term RSI ; SELL ( Red Area )
You can change RSI lenghts or moving average lenght on settings.
If you knew that, you would sell all your bitcoins at a price of $13.500 and not look back on 8th January.
Happy trading.
Rule
1. Price is above its 200-period moving average
2. The 2-period RSI of price closes below 5
3. Buy price on the close
4. Exit when price closes above its 5-period moving average
Disclaimer: This strategy is taken from Larry Connor's R3 Strategy. I myself do not hold the copyright of this strategy.
Buy Conditions
==============
1. Price is above SMA-200.
2. Last two days, RSI line dropped down from level 60.
3. Today, RSI line drops down from level 10.
4. Buy on close price.
5. Close position when RSI line crosses up level 70.
Sell...
![XBTUSD.P: WMA RSI [Le Soleil]](https://s3.tradingview.com/w/wVuMPHGp_mid.png "WMA RSI [Le Soleil]")
![LTCUSDT: RSIVolume_2graf.01[wozdux] Tactics and strategy](https://s3.tradingview.com/t/tlJ4xw3b_mid.png "RSIVolume_2graf.01[wozdux] Tactics and strategy")
![XMRBTC: [Delphi] Power Tools Oscillators](https://s3.tradingview.com/v/VHI0RqiL_mid.png "[Delphi] Power Tools Oscillators")
