RSI Trend For ThinkOrSwim

mbarcala

mbarcala

Active member
Here it's RSI Trend Indicator from Trading View converted to thinkscript. RSI Hull Trend is a hybrid indicator with RSI of HULL Signal. The Hull MA is combined with RSI to see if the Hull MA Buy/Sell Signal is in overbought or oversold condition. Buy Sell Signals are plotted based on settings of OB/OS or RSI. This indicator is very useful to see if the Trend is in Exhaustion or Beginning of a Trend.
Upper Indicator
https://usethinkscript.com/threads/break-keltner-bands-bkb-for-thinkorswim.11220/

photo
15580[/ATTACH]']
2DP7mQs.png


script
Code: 
# RSITrend by traderharikrishna converted by mbarcala for thinkorswim.com
# This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
# https://www.tradingview.com/script/LvEWCt8I-RSI-Trend/

declare lower;

input rsiLengthInput = 14;
input rsiLengthInput2 = 28;
input trendlen = 45;
input show_Baseline = yes;
input oversold = 30;
input overbought = 70;

def BBMC = HullMovingAvg(close, trendlen);
def MHULL = BBMC[0];
def SHULL = BBMC[2];

def frsi = HullMovingAvg(rsi(price = close, length = rsiLengthInput),10);
def srsi = HullMovingAvg(rsi(price = close, length = rsiLengthInput2),10);

def hullrsi1 = rsi(price = MHULL, length = rsiLengthInput);
def hullrsi2 = rsi(price = SHULL, length = rsiLengthInput);

DefineGlobalColor("Up",CreateColor(77,195,255));
DefineGlobalColor("Dn",CreateColor(255,51,221));

plot hu1 = if show_Baseline then hullrsi1 else frsi;
hu1.AssignValueColor(if MHULL > SHULL then GlobalColor("Up") else
                     if MHULL < SHULL then GlobalColor("Dn") else Color.CURRENT);

plot hu2 = if show_Baseline then hullrsi2 else srsi;
hu2.AssignValueColor(if MHULL > SHULL then GlobalColor("Up") else
                     if MHULL < SHULL then GlobalColor("Dn") else Color.CURRENT);

AddCloud(hu1, hu2, GlobalColor("Up"), GlobalColor("Dn"));

plot buysignal = if MHULL crosses above SHULL then hu1 else Double.NaN;
buysignal.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
buysignal.SetDefaultColor(Color.GREEN);
buysignal.SetLineWeight(2);
buysignal.HideBubble();
buysignal.HideTitle();

plot sellsignal = if MHULL crosses below SHULL then hu1 else Double.NaN;
sellsignal.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
sellsignal.SetDefaultColor(Color.RED);
sellsignal.SetLineWeight(2);
sellsignal.HideBubble();
sellsignal.HideTitle();

plot mline = 50;
mline.SetDefaultColor(Color.GRAY);
mline.HideBubble();
mline.HideTitle();

def rsiUpperBand = overbought;
def rsiUpperBand2 = 90;
AddCloud(rsiUpperBand2, rsiUpperBand, CreateColor(148,0,0));

def rsiLowerBand = oversold;
def rsiLowerBand2 = 10;
AddCloud(rsiLowerBand, rsiLowerBand2, CreateColor(0,148,0));
 

Attachments

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Last edited by a moderator:
This is amazing!! Thank you SO much for sharing! What can I add to the bottom of the script to alert when the green/red arrow are painted?
 
jay2 said:
Alert(buysignal, "RSI TREND BUY", Alert.BAR, Sound.Chimes);
Alert(sellsignal, "RSI TREND SELL", Alert.BAR, Sound.Ding);
Click to expand...
thanks so much jay!! I was wondering if you'd be able to take a look at another one of his indicators where I asked for a similar alert (it probably got bumped from my ask)...thanks for taking the time to help
 
izzy328 said:
me too having problem...normally i just copy and paste...can you look at the code again??
Click to expand...
You requested that we try cutting & pasting this script again.
We did:
FcsWLlG.png


You didn't provide any details as to what issues you are having; so it is not possible to say where you went astray.

Here is a shared chart link: http://tos.mx/32K6xWM Click here for --> Easiest way to load shared links
This will provide you a chart to which this indicator has been applied.
 
mbarcala said:
Here it's RSI Trend Indicator from Trading View converted to thinkscript. RSI Hull Trend is a hybrid indicator with RSI of HULL Signal. The Hull MA is combined with RSI to see if the Hull MA Buy/Sell Signal is in overbought or oversold condition. Buy Sell Signals are plotted based on settings of OB/OS or RSI. This indicator is very useful to see if the Trend is in Exhaustion or Beginning of a Trend.
Upper Indicator
https://usethinkscript.com/threads/break-keltner-bands-bkb-for-thinkorswim.11220/

photo
15580[/ATTACH]']View attachment 15581

script
Code: 
# RSITrend by traderharikrishna converted by mbarcala for thinkorswim.com
# This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
# https://www.tradingview.com/script/LvEWCt8I-RSI-Trend/

declare lower;

input rsiLengthInput = 14;
input rsiLengthInput2 = 28;
input trendlen = 45;
input show_Baseline = yes;
input oversold = 30;
input overbought = 70;

def BBMC = HullMovingAvg(close, trendlen);
def MHULL = BBMC[0];
def SHULL = BBMC[2];

def frsi = HullMovingAvg(rsi(price = close, length = rsiLengthInput),10);
def srsi = HullMovingAvg(rsi(price = close, length = rsiLengthInput2),10);

def hullrsi1 = rsi(price = MHULL, length = rsiLengthInput);
def hullrsi2 = rsi(price = SHULL, length = rsiLengthInput);

DefineGlobalColor("Up",CreateColor(77,195,255));
DefineGlobalColor("Dn",CreateColor(255,51,221));

plot hu1 = if show_Baseline then hullrsi1 else frsi;
hu1.AssignValueColor(if MHULL > SHULL then GlobalColor("Up") else
                     if MHULL < SHULL then GlobalColor("Dn") else Color.CURRENT);

plot hu2 = if show_Baseline then hullrsi2 else srsi;
hu2.AssignValueColor(if MHULL > SHULL then GlobalColor("Up") else
                     if MHULL < SHULL then GlobalColor("Dn") else Color.CURRENT);

AddCloud(hu1, hu2, GlobalColor("Up"), GlobalColor("Dn"));

plot buysignal = if MHULL crosses above SHULL then hu1 else Double.NaN;
buysignal.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
buysignal.SetDefaultColor(Color.GREEN);
buysignal.SetLineWeight(2);
buysignal.HideBubble();
buysignal.HideTitle();

plot sellsignal = if MHULL crosses below SHULL then hu1 else Double.NaN;
sellsignal.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
sellsignal.SetDefaultColor(Color.RED);
sellsignal.SetLineWeight(2);
sellsignal.HideBubble();
sellsignal.HideTitle();

plot mline = 50;
mline.SetDefaultColor(Color.GRAY);
mline.HideBubble();
mline.HideTitle();

def rsiUpperBand = overbought;
def rsiUpperBand2 = 90;
AddCloud(rsiUpperBand2, rsiUpperBand, CreateColor(148,0,0));

def rsiLowerBand = oversold;
def rsiLowerBand2 = 10;
AddCloud(rsiLowerBand, rsiLowerBand2, CreateColor(0,148,0));
Click to expand...
Does anyone know how to get this to print buy/sell only if it is in oversold/overbought territory? Picture below for reference, red circles are what I only want to see while the yellow X is what I want to rid the code of.

I have exhausted hours trying to get it, but still a noob with coding.

also, is it possible to assign price color to only 1 candle while the rest of the candles go un-touched and remain red/green? I know some strings that will paint 1 bar but the rest of the bars turn grey.

I wanted to see if I could make my chart print a blue candle whenever RSI Trend fires, but the rest of the candles remain the same?

I was using this to paint the candles, but I only want 1 to paint.

AssignPriceColor(if MHULL > SHULL then GlobalColor("Up")
else if MHULL < SHULL then GlobalColor("Dn") else Color.CURRENT);

Thanks in advance everyone
2024-02-20_14h19_20.png
 
khpro59 said:
Does anyone know how to get this to print buy/sell only if it is in oversold/overbought territory? Picture below for reference, red circles are what I only want to see while the yellow X is what I want to rid the code of.

I have exhausted hours trying to get it, but still a noob with coding.

also, is it possible to assign price color to only 1 candle while the rest of the candles go un-touched and remain red/green? I know some strings that will paint 1 bar but the rest of the bars turn grey.

I wanted to see if I could make my chart print a blue candle whenever RSI Trend fires, but the rest of the candles remain the same?

I was using this to paint the candles, but I only want 1 to paint.

AssignPriceColor(if MHULL > SHULL then GlobalColor("Up")
else if MHULL < SHULL then GlobalColor("Dn") else Color.CURRENT);

Thanks in advance everyone
View attachment 21122
Click to expand...
In case anyone else was interested, I did figure it out. I commented out hu2, since I wanted it simple looking as possible. Heres the code to only show signals if they are OB or OS.


Code: 
declare lower;

input rsiLengthInputFast = 14;
input rsiLengthInputSlow = 28;
input trendlen = 45;
input show_Baseline = yes;
input oversold = 30;
input overbought = 70;

def BBMC = HullMovingAvg(close, trendlen);
def MHULL = BBMC[0];
def SHULL = BBMC[2];

def fastRSI = HullMovingAvg(RSI(price = close, length = rsiLengthInputFast), 10);
def slowRSI = HullMovingAvg(RSI(price = close, length = rsiLengthInputSlow), 10);

def hullrsiFast = RSI(price = MHULL, length = rsiLengthInputFast);
def hullrsiSlow = RSI(price = SHULL, length = rsiLengthInputSlow);

DefineGlobalColor("Up", CreateColor(77, 195, 255));
DefineGlobalColor("Dn", CreateColor(255, 51, 221));

#Add Red cloud
def rsiUpperBand = overbought;
def rsiUpperBand2 = 100;
AddCloud(rsiUpperBand2, rsiUpperBand, CreateColor(148, 0, 0));

#Add Green cloud
def rsiLowerBand = oversold;
def rsiLowerBand2 = 0;
AddCloud(rsiLowerBand, rsiLowerBand2, CreateColor(0, 148, 0));

#Plot the middle line
plot mline = 50;
mline.SetDefaultColor(Color.GRAY);
mline.HideBubble();
mline.HideTitle();

plot hullFast = if show_Baseline then hullrsiFast else fastRSI;
hullFast.AssignValueColor(if MHULL > SHULL then GlobalColor("Up") else if MHULL < SHULL then GlobalColor("Dn") else Color.CURRENT);

#plot hullSlow = if show_Baseline then hullrsiSlow else slowRSI;
#hullSlow.AssignValueColor(if MHULL > SHULL then GlobalColor("Up") else if MHULL < SHULL then GlobalColor("Dn") #else Color.CURRENT);

# Add cloud between hullfast and hullSlow
#AddCloud(hullFast, hullSlow, GlobalColor("Up"), GlobalColor("Dn"));

#plot buysignal = if MHULL crosses above SHULL then hullFast else Double.NaN;
plot buysignal = if MHULL crosses above SHULL and hullrsiFast is less than rsilowerBand then hullFast else Double.NaN;
buysignal.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
buysignal.SetDefaultColor(Color.GREEN);
#buysignal.SetLineWeight(2);
#buysignal.HideBubble();
#buysignal.HideTitle();

#plot sellsignal = if MHULL crosses below SHULL then hullFast else Double.NaN;
plot sellsignal = if MHULL crosses below SHULL and hullrsiFast is greater than rsiupperBand then hullFast else Double.NaN;
sellsignal.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
sellsignal.SetDefaultColor(Color.RED);
#sellsignal.SetLineWeight(2);
#sellsignal.HideBubble();
#sellsignal.HideTitle();
 
khpro59 said:
In case anyone else was interested, I did figure it out. I commented out hu2, since I wanted it simple looking as possible. Heres the code to only show signals if they are OB or OS.


Code: 
declare lower;

input rsiLengthInputFast = 14;
input rsiLengthInputSlow = 28;
input trendlen = 45;
input show_Baseline = yes;
input oversold = 30;
input overbought = 70;

def BBMC = HullMovingAvg(close, trendlen);
def MHULL = BBMC[0];
def SHULL = BBMC[2];

def fastRSI = HullMovingAvg(RSI(price = close, length = rsiLengthInputFast), 10);
def slowRSI = HullMovingAvg(RSI(price = close, length = rsiLengthInputSlow), 10);

def hullrsiFast = RSI(price = MHULL, length = rsiLengthInputFast);
def hullrsiSlow = RSI(price = SHULL, length = rsiLengthInputSlow);

DefineGlobalColor("Up", CreateColor(77, 195, 255));
DefineGlobalColor("Dn", CreateColor(255, 51, 221));

#Add Red cloud
def rsiUpperBand = overbought;
def rsiUpperBand2 = 100;
AddCloud(rsiUpperBand2, rsiUpperBand, CreateColor(148, 0, 0));

#Add Green cloud
def rsiLowerBand = oversold;
def rsiLowerBand2 = 0;
AddCloud(rsiLowerBand, rsiLowerBand2, CreateColor(0, 148, 0));

#Plot the middle line
plot mline = 50;
mline.SetDefaultColor(Color.GRAY);
mline.HideBubble();
mline.HideTitle();

plot hullFast = if show_Baseline then hullrsiFast else fastRSI;
hullFast.AssignValueColor(if MHULL > SHULL then GlobalColor("Up") else if MHULL < SHULL then GlobalColor("Dn") else Color.CURRENT);

#plot hullSlow = if show_Baseline then hullrsiSlow else slowRSI;
#hullSlow.AssignValueColor(if MHULL > SHULL then GlobalColor("Up") else if MHULL < SHULL then GlobalColor("Dn") #else Color.CURRENT);

# Add cloud between hullfast and hullSlow
#AddCloud(hullFast, hullSlow, GlobalColor("Up"), GlobalColor("Dn"));

#plot buysignal = if MHULL crosses above SHULL then hullFast else Double.NaN;
plot buysignal = if MHULL crosses above SHULL and hullrsiFast is less than rsilowerBand then hullFast else Double.NaN;
buysignal.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
buysignal.SetDefaultColor(Color.GREEN);
#buysignal.SetLineWeight(2);
#buysignal.HideBubble();
#buysignal.HideTitle();

#plot sellsignal = if MHULL crosses below SHULL then hullFast else Double.NaN;
plot sellsignal = if MHULL crosses below SHULL and hullrsiFast is greater than rsiupperBand then hullFast else Double.NaN;
sellsignal.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
sellsignal.SetDefaultColor(Color.RED);
#sellsignal.SetLineWeight(2);
#sellsignal.HideBubble();
#sellsignal.HideTitle();
Click to expand...
what timeframe you're planning to use it for? Your previous post had a chart attachment that was set at 10m? Just trying to understand how you're thinking of using/applying it. TIA
 
Last edited:
mansor said:
what timeframe you're planning to use it for? Your previous post had a chart attachment that was set at 10m? Just trying to understand how you're thinking of using/applying it. TIA
Click to expand...
I like to use it on the 2 minute, with a hull moving average on upper chart. THis way whenever my upper Hull Moving average shows buy/sell, I can reference it in the lower study to weed out any (potential) bad trades, i.e. if I get a long signal but the RSI trend is showing overbought, etc.
 
Gv27347 said:
@khpro59
Can you share the script for using this on the upper chart?
Click to expand...

Sure! and with this upper study, if you have agreement on the 2 and 5 within the upper hull MA, its pretty strong signal.

Code: 
#Adaptive_hull

# READ ME: This version does not utilize keltner channels. Ignore change log regarding keltner channels

#https://usethinkscript.com/threads/can-someone-help-me-add-keltner-channels-to-this-hma.17909/
#Can someone help me add Keltner Channels to this HMA?
#khpro59  2/9

# khpro- Considering all Keltner channels have a middle moving average, I wanted to create a keltner Channel that uses an adaptive stytle Hull Moving Average.
# Special thanks to Usethinkscript community for helping me implement this idea and the use of others logic

input src = close;#, "Source", group = "Basic Settings")
input Power = 1;#, "Power", group = "Basic Settings")
input PhaseAccumulationCycles = 1.0;#, "Phase Accumulation Cycles", group = "Basic Settings")
input PhaseAccumulationPower = 1.0;#, "Phase Accumulation Power", group = "Basic Settings")
input colorBars = yes;#(true, "Color bars", group= "UI Options")
input showSigs = yes;#(true, "Show signals", group= "UI Options")

def na = Double.NaN;

Script calcComp {
input src = close;
    def out = (
         (0.0962 * src +
         0.5769 * src[2] -
         0.5769 * src[4] -
         0.0962 * src[6]) * (0.075 * src[1] + 0.54));
    plot return = out;
}
#iLwmp(src, len, pow) =>
script iLwmp {
    input src = close;
    input len1 = 10;
    input pow = 1;
    def len = if len1 < 2 then 2 else len1;
    def sumw_ = Power(len, pow);
    def sum_ = sumw_ * src;
    def sum1 = fold i = 1 to len with q=sum_ do
               q + Power(len - i, pow) * GetValue(src, i);
    def sumw1 = fold k = 1 to len with p=sumw_ do
               p + Power(len - k, pow);
    def sum = sum1;
    def sumw = sumw1;
    def iLwmp = sum / sumw;
    plot out = if isNaN(iLwmp) then (sum_/sumw_) else iLwmp;
}
#export paa(float src, float mult, float filt)=>
script paa {
    input src = close;
    input mult = 1;
    input filt = 0;
    def bar_index = AbsValue(BarNumber());
    def pi = Double.Pi;
    def degree = 180.0 / pi;
    def filter = Max(filt, 1);
    def I1;
    def Q1;
    def Phase;
    def period;
    def Smooth = if bar_index > 5 then
                 (4 * src + 3 * src[1] + 2 * src[2] + src[3]) / 10 else Smooth[1];
    def ts = calcComp(Smooth);
    def Detrender = if bar_index > 5 then ts else Detrender[1];
    def qs = calcComp(Detrender);
    def Q1_ = if bar_index > 5 then qs else Q1[1];
    def I1_ = if bar_index > 5 then Detrender[3] else I1[1];
        I1 = 0.15 * I1_ + 0.85 * I1[1];
        Q1 = 0.15 * Q1_ + 0.85 * Q1[1];
    def Phase1 = Phase[1];
    def Phase2 = if AbsValue(I1) > 0 then degree * ATan(AbsValue(Q1 / I1)) else Phase1;
    def Phase3 = if I1 < 0 and Q1 > 0 then 180 - Phase2 else Phase2;
    def Phase4 = if I1 < 0 and Q1 < 0 then 180 + Phase3 else Phase3;
        Phase  = if I1 > 0 and Q1 < 0 then 360 - Phase4 else Phase4;
    def DeltaPhase1 = Phase[1] - Phase;
    def DeltaPhase2 = if Phase[1] < 90 and Phase > 270 then
                      360 + Phase[1] - Phase else DeltaPhase1;
    def DeltaPhase3 = Max(Min(DeltaPhase2, 60), 7);
    def DeltaPhase = DeltaPhase3;
    def PhaseSum;
    def preSum;
    def count;
    if (PhaseSum[1] < (mult * 360) and count[1] < 4500) {
        preSum = GetValue(DeltaPhase, count[1]);
        PhaseSum = PhaseSum[1] + (if isNaN(preSum) then 0 else preSum);
        count = count[1] + 1;
    } else {
        preSum = 0;
        PhaseSum = PhaseSum[1];
        count = 0;
    }
    def InstPeriod = if count > 0 then count else InstPeriod[1];
    def alpha = 2.0 / (1.0 + filter);
    def period1 = period[1] + alpha * (InstPeriod - period[1]);
        period = if Floor(period1) < 1 then 1 else Floor(period1);
    def paa = Floor(period);
    plot return = if isNaN(paa) then 1 else paa;
}
def paa_ = paa(src, PhaseAccumulationCycles, PhaseAccumulationPower);
def HmaLength = if paa_ < 2 then 2 else paa_;
def HalfPrd    = HmaLength / 2;
def HullPrd    = Sqrt(HmaLength);
def HalfPeriod = Floor(HalfPrd);
def HullPeriod = Floor(HullPrd);
def iLwmpHalf_ = iLwmp(src, HalfPeriod, Power);
def iLwmpHma_  = iLwmp(src, HmaLength, Power);
def iLwmpHalf  = iLwmpHalf_;
def iLwmpHma = iLwmpHma_;
def iLwmSrc  = (2.0 * iLwmpHalf) - iLwmpHma;
def hullout_ = iLwmp(iLwmSrc, HullPeriod, Power);
def hullout = hullout_;
def sig = hullout[1];
def colorout = hullout > sig;
def goLong  = Crosses(hullout, sig, CrossingDirection.ABOVE);
def goShort = Crosses(hullout, sig, CrossingDirection.BELOW);

AssignPriceColor(if !colorBars then Color.CURRENT else
                 if colorout then Color.GREEN else Color.RED);

plot hullLine = hullout;
hullLine.SetLineWeight(1);
hullLine.AssignValueColor(if colorout then Color.GREEN else Color.RED);

AddChartBubble(goLong, low, "L", Color.CYAN, no);
AddChartBubble(goShort, high, "S", GetColor(2));

######################
#END ADAPTIVE HULL
######################
 
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