longluu
New member
This is my RSI that i combine TSI with cRSI, Can i have views on this, to make it better?
# Cyclic RSI
# Origanlly found on Tradingview: https://www.tradingview.com/v/TmqiR1jp/
# Shout out to WentToTrade for the amazing indicator.
# Written in ThinkScript by mfox
# The cyclic smoothed RSI indicator is an enhancement of the classic RSI , adding
# additional smoothing according to the market vibration,
# adaptive upper and lower bands according to the cyclic memory and
# using the current dominant cycle length as input for the indicator.
# The cRSI is used like a standard indicator. The chart highlights trading signals where the signal line # crosses above or below the adaptive lower/upper bands. It is much more responsive to market moves than the basic RSI.
# The indicator uses the dominant cycle as input to optimize signal, smoothing and cyclic memory. To get more in-depth information on the cyclic-smoothed RSI indicator, please read Chapter 4 "Fine tuning technical indicators" of the book "Decoding the Hidden Market Rhythm, Part 1" available at your favorite book store.
declare lower;
def src = close;
input domcycle = 20;
def cyclelen = domcycle / 2;
def vibration = 10;
def leveling = 10.0;
def cyclicmemory = domcycle * 2;
input RSIOversold = 30;
input RSIOverbought = 70;
plot h1 = RSIOversold;
h1.SetDefaultColor(GetColor(8));
h1.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
h1.SetLineWeight(2);
plot h2 = RSIOverbought;
h2.SetDefaultColor(GetColor(8));
h2.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
h2.SetLineWeight(2);
plot mid = 50;
mid.SetDefaultColor(Color.WHITE);
mid.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
def torque = 2.0 / (vibration + 1.0);
def phasingLag = (vibration - 1.0) / 2.0;
def up = (1 / cyclelen) * (Max((src - src[1]), 0)) + (1 - (1 / cyclelen)) * (if IsNaN(up[1]) then 0 else up[1]);
def down = (1 / cyclelen) * (-Min((src - src[1]), 0)) + (1 - (1 / cyclelen)) * (if IsNaN(down[1]) then 0 else down[1]);
def rsi = if down == 0 then 100 else if up == 0 then 0 else 100 - 100 / (1 + up / down);
def crsi = torque * (2 * rsi - rsi[phasingLag]) + (1 - torque) * (if IsNaN(crsi[1]) then 0 else crsi[1]);
def memHigh = fold hx = 0 to cyclicmemory - 1
#def memHigh = fold hx = 0 to 60 -1
with lw = Double.NEGATIVE_INFINITY
do if high > lw then high else lw;
def memLow = fold lx = 0 to cyclicmemory - 1
#def memLow = fold lx = 0 to 60 -1
with hw = Double.POSITIVE_INFINITY
do if low < hw then low else hw;
def lm_hist = if crsi > memHigh and !IsNaN(lm_hist[1])
then crsi
else if -crsi < memLow and !IsNaN(lm_hist[1])
then -crsi
else 0;
def lmax = - (fold lmx = 0 to cyclicmemory - 1
#def lmax = - (fold lmx = 0 to 60 -1
with lwx = Double.NEGATIVE_INFINITY
do if GetValue(lm_hist, lmx) > lwx then GetValue(lm_hist, lmx) else lwx);
def lmin = - (fold lmn = 0 to cyclicmemory - 1
#def lmin = - (fold lmn = 0 to 60 -1
with lwn = Double.POSITIVE_INFINITY
do if GetValue(lm_hist, lmn) < lwn then GetValue(lm_hist, lmn) else lwn);
def mstep = (lmax - lmin) / 100;
def aperc = leveling / 100;
def db = fold dbx = 0 to 100
while (fold blx = 0 to cyclicmemory - 1
# while (fold blx = 0 to 60 - 1
with b
do b + if GetValue(crsi, blx) < lmin + mstep * dbx then 1 else 0 ) / cyclicmemory >= aperc
do lmin + mstep * dbx;
def ub = fold ubx = 0 to 100
while (fold ulx = 0 to cyclicmemory - 1
# while (fold ulx = 0 to getvalue(cyclicmemory, 0) - 1
# while (fold ulx = 0 to 60 - 1
with a
do a + if GetValue(crsi, ulx) >= lmax - mstep * ubx then 1 else 0 ) / cyclicmemory >= aperc
do lmax - mstep * ubx;
plot lowband = if db then db else Double.NaN;
lowband.SetDefaultColor(Color.CYAN);
plot highband = if ub then ub else Double.NaN;
highband.SetDefaultColor(Color.CYAN);
def C = crsi;
def sar = ParabolicSAR();
def dir = if sar < close then 1 else -1;
def s = ExpAverage(C, domcycle);
plot SigLine = s;
SigLine.SetLineWeight(2);
SigLine.AssignValueColor(if dir==1 then Color.GREEN else Color.RED);
AddCloud(lowband, highband, Color.DARK_GRAY, Color.DARK_GRAY);
###########################################################################
#TSItsiTSI
#Settings
#standard = 25,13,8
#quicker = 13,7,8
#daily, weekly & monthly = 40,20,8
#A quick review of the BUY signals:
#1. TSI crosses above zero.
#2. TSI crosses above moving average.
#3. TSI makes higher low (below zero) while price makes a lower low
#And the SELL signals:
#1. TSI crosses below zero
#2. TSI crosses below moving average
#3. TSI makes a lower high (above zero) while price makes a higher high
#4. Trend of TSI breaks down
def longLength = 25;
def shortLength = 13;
def signalLength = 8;
def averageType = AverageType.EXPONENTIAL;
def diff = close - close[1];
def doubleSmoothedAbsDiff = MovingAverage(averageType, MovingAverage(averageType, AbsValue(diff), longLength), shortLength);
def TSI = if doubleSmoothedAbsDiff == 0 then 0
else 100 * (MovingAverage(averageType, MovingAverage(averageType, diff, longLength), shortLength)) / doubleSmoothedAbsDiff;
def Signal = MovingAverage(averageType, TSI, signalLength);
##########################################################################
#TSI Short Term
def longLengths = 8;
def shortLengths = 8;
def signalLengths = 3;
def diffs = close - close[1];
def doubleSmoothedAbsDiffs = MovingAverage(averageType, MovingAverage(averageType, AbsValue(diffs), longLengths), shortLengths);
def TSIs;
TSIs = if doubleSmoothedAbsDiffs == 0 then 0
else 100 * (MovingAverage(averageType, MovingAverage(averageType, diffs, longLengths), shortLengths)) / doubleSmoothedAbsDiffs;
##########################################################################
#TSI Long Term
def longLengthl = 40;
def shortLengthl = 20;
def signalLengthl = 8;
def diffl = close - close[1];
def doubleSmoothedAbsDiffl = MovingAverage(averageType, MovingAverage(averageType, AbsValue(diffl), longLengthl), shortLengthl);
def TSIl;
TSIl = if doubleSmoothedAbsDiffl == 0 then 0
else 100 * (MovingAverage(averageType, MovingAverage(averageType, diffl, longLengthl), shortLengthl)) / doubleSmoothedAbsDiffl;
######################################################################
#TSI Horizontal Line
def bullish = TSIl > TSIl[1] and TSIs > TSIs[1] and TSI > TSI[1];
def bearish = TSIl < TSIl[1] and TSIs < TSIs[1] and TSI < TSI[1];
def bar = BarNumber();
plot TSI_Dashboard = C;
TSI_Dashboard.SetPaintingStrategy(PaintingStrategy.LINE_VS_POINTS);
TSI_Dashboard.SetLineWeight(1);
TSI_Dashboard.AssignValueColor(if bullish then Color.GREEN else if bearish then Color.RED else Color.GRAY);
###############
AddLabel(yes, "Signal ", if dir==1 then Color.GREEN else Color.RED);
AddLabel(yes, "cRSI ", if bullish then Color.GREEN else if bearish then Color.RED else Color.GRAY);
###################
#EndofCode#
# Cyclic RSI
# Origanlly found on Tradingview: https://www.tradingview.com/v/TmqiR1jp/
# Shout out to WentToTrade for the amazing indicator.
# Written in ThinkScript by mfox
# The cyclic smoothed RSI indicator is an enhancement of the classic RSI , adding
# additional smoothing according to the market vibration,
# adaptive upper and lower bands according to the cyclic memory and
# using the current dominant cycle length as input for the indicator.
# The cRSI is used like a standard indicator. The chart highlights trading signals where the signal line # crosses above or below the adaptive lower/upper bands. It is much more responsive to market moves than the basic RSI.
# The indicator uses the dominant cycle as input to optimize signal, smoothing and cyclic memory. To get more in-depth information on the cyclic-smoothed RSI indicator, please read Chapter 4 "Fine tuning technical indicators" of the book "Decoding the Hidden Market Rhythm, Part 1" available at your favorite book store.
declare lower;
def src = close;
input domcycle = 20;
def cyclelen = domcycle / 2;
def vibration = 10;
def leveling = 10.0;
def cyclicmemory = domcycle * 2;
input RSIOversold = 30;
input RSIOverbought = 70;
plot h1 = RSIOversold;
h1.SetDefaultColor(GetColor(8));
h1.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
h1.SetLineWeight(2);
plot h2 = RSIOverbought;
h2.SetDefaultColor(GetColor(8));
h2.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
h2.SetLineWeight(2);
plot mid = 50;
mid.SetDefaultColor(Color.WHITE);
mid.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
def torque = 2.0 / (vibration + 1.0);
def phasingLag = (vibration - 1.0) / 2.0;
def up = (1 / cyclelen) * (Max((src - src[1]), 0)) + (1 - (1 / cyclelen)) * (if IsNaN(up[1]) then 0 else up[1]);
def down = (1 / cyclelen) * (-Min((src - src[1]), 0)) + (1 - (1 / cyclelen)) * (if IsNaN(down[1]) then 0 else down[1]);
def rsi = if down == 0 then 100 else if up == 0 then 0 else 100 - 100 / (1 + up / down);
def crsi = torque * (2 * rsi - rsi[phasingLag]) + (1 - torque) * (if IsNaN(crsi[1]) then 0 else crsi[1]);
def memHigh = fold hx = 0 to cyclicmemory - 1
#def memHigh = fold hx = 0 to 60 -1
with lw = Double.NEGATIVE_INFINITY
do if high > lw then high else lw;
def memLow = fold lx = 0 to cyclicmemory - 1
#def memLow = fold lx = 0 to 60 -1
with hw = Double.POSITIVE_INFINITY
do if low < hw then low else hw;
def lm_hist = if crsi > memHigh and !IsNaN(lm_hist[1])
then crsi
else if -crsi < memLow and !IsNaN(lm_hist[1])
then -crsi
else 0;
def lmax = - (fold lmx = 0 to cyclicmemory - 1
#def lmax = - (fold lmx = 0 to 60 -1
with lwx = Double.NEGATIVE_INFINITY
do if GetValue(lm_hist, lmx) > lwx then GetValue(lm_hist, lmx) else lwx);
def lmin = - (fold lmn = 0 to cyclicmemory - 1
#def lmin = - (fold lmn = 0 to 60 -1
with lwn = Double.POSITIVE_INFINITY
do if GetValue(lm_hist, lmn) < lwn then GetValue(lm_hist, lmn) else lwn);
def mstep = (lmax - lmin) / 100;
def aperc = leveling / 100;
def db = fold dbx = 0 to 100
while (fold blx = 0 to cyclicmemory - 1
# while (fold blx = 0 to 60 - 1
with b
do b + if GetValue(crsi, blx) < lmin + mstep * dbx then 1 else 0 ) / cyclicmemory >= aperc
do lmin + mstep * dbx;
def ub = fold ubx = 0 to 100
while (fold ulx = 0 to cyclicmemory - 1
# while (fold ulx = 0 to getvalue(cyclicmemory, 0) - 1
# while (fold ulx = 0 to 60 - 1
with a
do a + if GetValue(crsi, ulx) >= lmax - mstep * ubx then 1 else 0 ) / cyclicmemory >= aperc
do lmax - mstep * ubx;
plot lowband = if db then db else Double.NaN;
lowband.SetDefaultColor(Color.CYAN);
plot highband = if ub then ub else Double.NaN;
highband.SetDefaultColor(Color.CYAN);
def C = crsi;
def sar = ParabolicSAR();
def dir = if sar < close then 1 else -1;
def s = ExpAverage(C, domcycle);
plot SigLine = s;
SigLine.SetLineWeight(2);
SigLine.AssignValueColor(if dir==1 then Color.GREEN else Color.RED);
AddCloud(lowband, highband, Color.DARK_GRAY, Color.DARK_GRAY);
###########################################################################
#TSItsiTSI
#Settings
#standard = 25,13,8
#quicker = 13,7,8
#daily, weekly & monthly = 40,20,8
#A quick review of the BUY signals:
#1. TSI crosses above zero.
#2. TSI crosses above moving average.
#3. TSI makes higher low (below zero) while price makes a lower low
#And the SELL signals:
#1. TSI crosses below zero
#2. TSI crosses below moving average
#3. TSI makes a lower high (above zero) while price makes a higher high
#4. Trend of TSI breaks down
def longLength = 25;
def shortLength = 13;
def signalLength = 8;
def averageType = AverageType.EXPONENTIAL;
def diff = close - close[1];
def doubleSmoothedAbsDiff = MovingAverage(averageType, MovingAverage(averageType, AbsValue(diff), longLength), shortLength);
def TSI = if doubleSmoothedAbsDiff == 0 then 0
else 100 * (MovingAverage(averageType, MovingAverage(averageType, diff, longLength), shortLength)) / doubleSmoothedAbsDiff;
def Signal = MovingAverage(averageType, TSI, signalLength);
##########################################################################
#TSI Short Term
def longLengths = 8;
def shortLengths = 8;
def signalLengths = 3;
def diffs = close - close[1];
def doubleSmoothedAbsDiffs = MovingAverage(averageType, MovingAverage(averageType, AbsValue(diffs), longLengths), shortLengths);
def TSIs;
TSIs = if doubleSmoothedAbsDiffs == 0 then 0
else 100 * (MovingAverage(averageType, MovingAverage(averageType, diffs, longLengths), shortLengths)) / doubleSmoothedAbsDiffs;
##########################################################################
#TSI Long Term
def longLengthl = 40;
def shortLengthl = 20;
def signalLengthl = 8;
def diffl = close - close[1];
def doubleSmoothedAbsDiffl = MovingAverage(averageType, MovingAverage(averageType, AbsValue(diffl), longLengthl), shortLengthl);
def TSIl;
TSIl = if doubleSmoothedAbsDiffl == 0 then 0
else 100 * (MovingAverage(averageType, MovingAverage(averageType, diffl, longLengthl), shortLengthl)) / doubleSmoothedAbsDiffl;
######################################################################
#TSI Horizontal Line
def bullish = TSIl > TSIl[1] and TSIs > TSIs[1] and TSI > TSI[1];
def bearish = TSIl < TSIl[1] and TSIs < TSIs[1] and TSI < TSI[1];
def bar = BarNumber();
plot TSI_Dashboard = C;
TSI_Dashboard.SetPaintingStrategy(PaintingStrategy.LINE_VS_POINTS);
TSI_Dashboard.SetLineWeight(1);
TSI_Dashboard.AssignValueColor(if bullish then Color.GREEN else if bearish then Color.RED else Color.GRAY);
###############
AddLabel(yes, "Signal ", if dir==1 then Color.GREEN else Color.RED);
AddLabel(yes, "cRSI ", if bullish then Color.GREEN else if bearish then Color.RED else Color.GRAY);
###################
#EndofCode#
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