RSI Format, Label, Watchlist, Scan For ThinkOrSwim

[MerryDay]

Wrong -> remove " quote mark at beginning of statement
"RSI()."RSI" is less than 30 within 15 bars and RSI()."RSI" is greater than 32

Right:
RSI()."RSI" is less than 30 within 15 bars and RSI()."RSI" is greater than 32

Save scan and right click as shown below to create alert when scan results change

@sanjeev_mail

 

[Butler]

I revised this from a previous post. It works if anyone is interested.

input VLow =30;
#input Low = 0;
#input High = 100;
#input VHigh = 100;

plot RSI = RSI()."RSI";

AssignBackgroundColor(if RSI is less than VLow then Color.DARK_RED
else Color.black);

RSI.assignValueColor (Color.BLACK);

 

[kz77]

Hi guys
I am zero coder, need to ask your help to create custom column in watchlist.
Goal is simple - to have RSI colored column for different TFs.
Below is working code I use, what I can't do is to have it showing exact RSI number instead of "RSI>50" or "RSI<50" like it does now and color it green if >50 and red if <50
Thanks a lot for your help!

input n = 14;
def RSI = RSI(14, 50, 50, close, AverageType.WILDERS);

def rsiUP = RSI > 50;
def rsiDN = RSI < 50;


AddLabel(rsiUP, " RSI > 50 ", Color.GREEN);
AddLabel(rsiDN, " RSI < 50 ", Color.RED);

 

[stone]

Whipped one up real quick.. thank god for copy paste because I did not know the calculations for RSI off top haha

#RSILabel

input RSILength = 14;
input price = close;
input averageType = AverageType.WILDERS;
def NetChgAvg = MovingAverage(averageType, price - price[1], RSILength);
def TotChgAvg = MovingAverage(averageType, AbsValue(price - price[1]), RSILength);
def ChgRatio = if TotChgAvg != 0 then NetChgAvg / TotChgAvg else 0;

def RSI = 50 * (ChgRatio + 1);

AddLabel(yes, Concat("RSI=", RSI), Color.YELLOW);

Right as I post @J007RMC beat me to it haha

Great label love how it displays the RSI number, tried adding greater than 50 green and less than 50 red; but having error messages. Can you help with that ?

 

[MerryDay]

Great label love how it displays the RSI number, tried adding greater than 50 green and less than 50 red; but having error messages. Can you help with that ?

#RSILabel

input RSILength = 14;
input price = close;
input averageType = AverageType.WILDERS;
def NetChgAvg = MovingAverage(averageType, price - price[1], RSILength);
def TotChgAvg = MovingAverage(averageType, AbsValue(price - price[1]), RSILength);
def ChgRatio = if TotChgAvg != 0 then NetChgAvg / TotChgAvg else 0;

def RSI = 50 * (ChgRatio + 1);

AddLabel(yes, "RSI= " +RSI,
if RSI>to then color.green else color.red);

 

[MerryDay]

Hi guys
I am zero coder, need to ask your help to create custom column in watchlist.
Goal is simple - to have RSI colored column for different TFs.
Below is working code I use, what I can't do is to have it showing exact RSI number instead of "RSI>50" or "RSI<50" like it does now and color it green if >50 and red if <50
Thanks a lot for your help!

input n = 14;
def RSI = RSI(14, 50, 50, close, AverageType.WILDERS);

def rsiUP = RSI > 50;
def rsiDN = RSI < 50;


AddLabel(rsiUP, RSI, Color.GREEN);
AddLabel(rsiDN, RSI, Color.RED);

 

[JE $$]

@leakywaders Here you go.
https://tos.mx/OPpDXe

@horserider thanks for this ultimate RSI.
Using the simple version (no clouds or BB) with a length of 8 on a 5min timeframe with regular old MACD works well for me on the stocks of the day with lowish floats moving from news etc. Quick question:
I cant seem to figure out how to put code in that will cause an "up arrow" and "ding" when the RSI line crosses the moving-avg-of-the-RSI line (aka midline). Any chance you could help with that?
thansk!

 

[MerryDay]

@horserider thanks for this ultimate RSI.
Using the simple version (no clouds or BB) with a length of 8 on a 5min timeframe with regular old MACD works well for me on the stocks of the day with lowish floats moving from news etc. Quick question:
I cant seem to figure out how to put code in that will cause an "up arrow" and "ding" when the RSI line crosses the moving-avg-of-the-RSI line (aka midline). Any chance you could help with that?
thansk!

declare lower;
#RSI
input length = 5;
input over_Bought = 80;
input over_Sold = 20;
input price = close;
input averageType = AverageType.WILDERS;
input line = 50;

def NetChgAvg = MovingAverage(averageType, price - price[1], length);
def TotChgAvg = MovingAverage(averageType, AbsValue(price - price[1]), length);
def ChgRatio = if TotChgAvg != 0 then NetChgAvg / TotChgAvg else 0;

plot RSI = 50 * (ChgRatio + 1);
plot OverSold = over_Sold;
plot OverBought = over_Bought;
plot lline = 50;


#                ==== THE FIVE ====
RSI.DefineColor("Positive and Up", Color.GREEN);
RSI.DefineColor("Positive and Down", Color.DARK_GREEN);
RSI.DefineColor("Negative and Down", Color.RED);
RSI.DefineColor("Negative and Up", Color.DARK_RED);
RSI.AssignValueColor(if RSI >= 50 then if RSI > RSI[1] then RSI.Color("Positive and Up") else RSI.Color("Positive and Down") else if RSI < RSI[1] then RSI.Color("Negative and Down") else RSI.Color("Negative and Up"));

OverSold.SetDefaultColor(GetColor(8));
OverBought.SetDefaultColor(GetColor(8));

#plot 5;

input AverageTypeBB = {default SMA, EMA, HMA};
input displaceBB = 0;
input lengthBB = 5;
input Num_Dev_Dn = -2.0;
input Num_Dev_up = 2.0;


plot midline ;


switch (AverageTypeBB) {
case SMA:
   
    midline   = reference BollingerBands(RSI, displaceBB, lengthBB, Num_Dev_Dn, Num_Dev_up).Midline;
case EMA:
   
   
    midline   = reference BollingerBands(RSI, displaceBB, lengthBB, Num_Dev_Dn, Num_Dev_up, averageType = AverageType.EXPONENTIAL).Midline;
case HMA:
   
   
    midline   = reference BollingerBands(RSI, displaceBB, lengthBB, Num_Dev_Dn, Num_Dev_up, averageType = AverageType.EXPONENTIAL).Midline;
}

midline.setdefaultColor(getColor(3));

plot uparrow = if RSI crosses above midline  then midline else double.NaN ;
uparrow.SetPaintingStrategy(PaintingStrategy.ARROW_up);
uparrow.SetDefaultColor(color.magenta) ;
uparrow.SetLineWeight(1);

plot dnarrow = if RSI crosses below midline  then midline else double.NaN ;
dnarrow.SetPaintingStrategy(PaintingStrategy.ARROW_down);
dnarrow.SetDefaultColor(color.blue) ;
dnarrow.SetLineWeight(1);

Alert(uparrow, "RSI cross above", Alert.Bar, Sound.ding);
Alert(dnarrow, "RSI cross below", Alert.Bar, Sound.bell);

 

[maddy91]

@ssagar1212 Check this thread: https://usethinkscript.com/threads/rsi-watchlist-column.564/

@MerryDay @BenTen is this still available ?RSI watchlist column

 

[MerryDay]

@MerryDay @BenTen is this still available ?RSI watchlist column

There are at least a dozen watchlist scripts in this thread. Here are just three from the first page:
https://usethinkscript.com/threads/rsi-format-label-watchlist-scan-for-thinkorswim.798/#post-6215
https://usethinkscript.com/threads/rsi-format-label-watchlist-scan-for-thinkorswim.798/#post-6222
https://usethinkscript.com/threads/rsi-format-label-watchlist-scan-for-thinkorswim.798/#post-8612

Anything created for a label will also work for the watchlist. Plug&Play the various scripts and see what works for you.

 

[tinfox]

How can you measure the distance between a 5 and 10 minute standard rsi?

Also how could you scan for it? Say if its over 10pts or -10pts.

 

[MerryDay]

How can you measure the distance between a 5 and 10 minute standard rsi?

Also how could you scan for it? Say if its over 10pts or -10pts.

https://usethinkscript.com/threads/answers-to-commonly-asked-questions.6006/#post-72503

 

[tinfox]

Thank you for pointing me to that.

How about the difference between the 7 RSI and the 14? That could workish.

 

[nduwal]

Grand Father, Father and Son RSI Strategy

I read about this strategy that Called Grand Father, Father, and Son Strategy looks promising for Swing Trading.
Strategy is:
RSI Length 14
Upper Band 60
Lower Band 40

Grand Father:
Monthly Time Frame RSI Cross upper 60
Father:
Weekly Time Frame RSI Cross upper 60
and Son:
Daily Time Frame RSI moving upward from Lower Band 40

So How do I Scan using Conditional Wizard or does anyone code this please to find the stock in these conditions?
So basically need to scan stock in Monthly and Weely Time frame cross upper 60 and Daily Time frame Under RSI Lower Band 40?

Thank you

 

[MerryDay]

Grand Father, Father and Son RSI Strategy

I read about this strategy that Called Grand Father, Father, and Son Strategy looks promising for Swing Trading.
Strategy is:
RSI Length 14
Upper Band 60
Lower Band 40

Grand Father:
Monthly Time Frame RSI Cross upper 60
Father:
Weekly Time Frame RSI Cross upper 60
and Son:
Daily Time Frame RSI moving upward from Lower Band 40

So How do I Scan using Conditional Wizard or does anyone code this please to find the stock in these conditions?
So basically need to scan stock in Monthly and Weely Time frame cross upper 60 and Daily Time frame Under RSI Lower Band 40?

Thank you

https://usethinkscript.com/threads/answers-to-commonly-asked-questions.6006/#post-72503

 

[sanjeev_mail]

Thank for your reply just ; what is difference between your code and my code

 

[MerryDay]

Thank for your reply just ; what is difference between your code and my code

Your code started with a " quote mark.

 

[younglove06]

The following code is a TOS stock code for RSI. By default, an arrow is plotted when the rsi < over_bought and also when the rsi > over_sold. What I have been racking my brain to figure out how to plot an arrow, or point(doesnt matter) when rsi = rsi. In other word, when it is neither overbought nor oversold. In other words, the text that is bolded below. I've tried everything. Is there anyone that can help me with this?

declare lower;

input length = 14;
input over_Bought = 70;
input over_Sold = 30;
input price = close;
input averageType = AverageType.WILDERS;
input showBreakoutSignals = no;

def NetChgAvg = MovingAverage(averageType, price - price[1], length);
def TotChgAvg = MovingAverage(averageType, AbsValue(price - price[1]), length);
def ChgRatio = if TotChgAvg != 0 then NetChgAvg / TotChgAvg else 0;

plot RSI = 50 * (ChgRatio + 1);
plot OverSold = over_Sold;
plot OverBought = over_Bought;
plot UpSignal = if RSI crosses above OverSold then OverSold else Double.NaN;
plot DownSignal = if RSI crosses below OverBought then OverBought else Double.NaN;

UpSignal.SetHiding(!showBreakoutSignals);
DownSignal.SetHiding(!showBreakoutSignals);

RSI.DefineColor("OverBought", GetColor(5));
RSI.DefineColor("Normal", GetColor(7));
RSI.DefineColor("OverSold", GetColor(1));
RSI.AssignValueColor(if RSI > over_Bought then RSI.Color("OverBought") else if RSI < over_Sold then RSI.Color("OverSold") else RSI.Color("Normal"));
OverSold.SetDefaultColor(GetColor(8));
OverBought.SetDefaultColor(GetColor(8));
UpSignal.SetDefaultColor(Color.UPTICK);
UpSignal.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
DownSignal.SetDefaultColor(Color.DOWNTICK);
DownSignal.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN)

 

[moxiesmiley]

It seems "Normal" wasn't being plotted

declare lower;

input length = 14;
input over_Bought = 70;
input over_Sold = 30;
input price = close;
input averageType = AverageType.WILDERS;
input showBreakoutSignals = no;

def NetChgAvg = MovingAverage(averageType, price - price[1], length);
def TotChgAvg = MovingAverage(averageType, AbsValue(price - price[1]), length);
def ChgRatio = if TotChgAvg != 0 then NetChgAvg / TotChgAvg else 0;

plot RSI = 50 * (ChgRatio + 1);
plot OverSold = over_Sold;
plot OverBought = over_Bought;
plot UpSignal = if RSI crosses above OverSold then OverSold else Double.NaN;
plot DownSignal = if RSI crosses below OverBought then OverBought else Double.NaN;
plot Normal = RSI > OverSold and RSI < OverBought;

UpSignal.SetHiding(!showBreakoutSignals);
DownSignal.SetHiding(!showBreakoutSignals);

RSI.DefineColor("OverBought", GetColor(5));
RSI.DefineColor("Normal", GetColor(7));
RSI.DefineColor("OverSold", GetColor(1));
RSI.AssignValueColor(if RSI > over_Bought then RSI.Color("OverBought") else if RSI < over_Sold then RSI.Color("OverSold") else RSI.Color("Normal"));
OverSold.SetDefaultColor(GetColor(8));
OverBought.SetDefaultColor(GetColor(8));
UpSignal.SetDefaultColor(Color.UPTICK);
UpSignal.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
DownSignal.SetDefaultColor(Color.DOWNTICK);
DownSignal.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);

https://github.com/ConnorSmiley/UseThinkScript/blob/main/OverBought > RSI < OverSold

 

[younglove06]

Thank you so much!!! Let me try that!