Enhanced RSI v2 For ThinkOrSwim

[tradelex20]

This is my first indicators post. Part of the code is shamelessly stolen from the posts of @samer800 and others from different forums.

I call it EnhancedRSI as it has different constituents which help determine the possible trend, support resistance/ divergence/ reversal etc.

I mostly use it for 30 mins or higher time but you can quickly adapt it to your style.

EnhancedRSI is a visual treat to show you

1. Overbought and oversold regions.
2. Bullish and bearish trends
3. Bullish and bearish divergence
4. Standard deviations (dotted red and green lines)

Hope this will be useful for some of you. Thanks for all your input and suggestions.


Shareable link - http://tos.mx/tK3jUBM

 

[SilverWolf]

So far so good looking back on /es 4h with the default settings. Do you use this as lead or a confirmation indicator?

 

[tradelex20]

So far so good looking back on /es 4h with the default settings. Do you use this as lead or a confirmation indicator?

This is the combination of EMA and RSI therefore I use it for both purposes.

 

[lostmarxbro]

This is my first indicators post. Part of the code is shamelessly stolen from the posts of @samer800 and others from different forums.

I call it EnhancedRSI as it has different constituents which help determine the possible trend, support resistance/ divergence/ reversal etc.

I mostly use it for 30 mins or higher time but you can quickly adapt it to your style.

EnhancedRSI is a visual treat to show you

1. Overbought and oversold regions.
2. Bullish and bearish trends
3. Bullish and bearish divergence
4. Standard deviations (dotted red and green lines)

Hope this will be useful for some of you. Thanks for all your input and suggestions.


Shareable link - http://tos.mx/tK3jUBM

Link did not work for me until I changed the name, TY

 

[lostmarxbro]

The signal isn't true on my charts, I would compare it to the equivalent of a double bottom or close to it. I haven't messed around with the settings. Lately, I have really been liking weekly low runners