I will write the indicator for free - page 94

[Urka44]

Vladimir Karputov:

What is a trend? How does the indicator show a trend?

A trend is the main market trend, a rising and falling trend (a signal of a change in trend from short/long to long/short).RSI can be used as a trend indicator.It is commonly believed that an RSI out of overbought area is a sell signal, while an RSI out of oversold area is a buy signal, i.e. a change in trend. This is true when the market is in a flat. For RSI, we usually take 70 as the overbought level and 30 as the oversold level.

RSI can be a useful indicator when the market is trending, but it shifts the overbought/oversold levels up (for a bull market) or down (for a bear market). The opposite is also true: if the Relative Strength Index swing range shifts upward, the market is bullish, and if the RSI swing range shifts downward, the market is bearish.

Coming from the qualitative model to the quantitative one, the first approximation is that the market is bullish if RSI(17(5)) fluctuates in the range of 40 to 80 and bearish if RSI(17(5)) fluctuates in the range of 20 to 60. In a pure flat, RSI(17(5)) will most often oscillate in the range of 40 to 60. When the upper limits are approached and the up-trend reverses after 70 and below, the trend is said to have shifted downwards (short), and if the lower limits are approached after 30 and above, the trend has shifted upwards (long).

As for the BB trend:

• Sharp price movements usually occur after a narrowing band corresponding to a decline in volatility, if prices move out of the band, one should expect the current trend to continue.
• If peaks and troughs outside the band are followed by peaks and troughs inside the band, a trend reversal is possible.
• The price movement that started from one of the band's borders usually reaches the opposite one. The latter observation is useful for predicting price targets and the current trend.

[Vladimir Karputov]

Urka44:

Trend - the main trend of the market, the up trend and the down trend (the signal of a trend change from short/long to long/short).RSI can be used as a trend indicator.It is commonly believed that RSI exit from overbought area is a sell signal, while RSI exit from oversold area is a buy signal, i.e. a trend change. This is true when the market is in a flat. For RSI, we usually take 70 as the overbought level and 30 as the oversold level.

RSI can be a useful indicator when the market is trending, but it shifts the overbought/oversold levels up (for a bull market) or down (for a bear market). The opposite is also true: if the Relative Strength Index swing range shifts upward, the market is bullish, and if the RSI swing range shifts downward, the market is bearish.

Coming from the qualitative model to the quantitative one, the first approximation is that the market is bullish if RSI(17(5)) fluctuates in the range of 40 to 80 and bearish if RSI(17(5)) fluctuates in the range of 20 to 60. In a pure flat, RSI(17(5)) will most often oscillate in the range of 40 to 60. When the upper limits are approached and the up-trend reverses after 70 and below, the trend is said to have shifted downwards (short), and if the lower limits are approached after 30 and above, the trend has shifted upwards (long).

As for the BB trend:

• Sharp price movements usually occur after a narrowing band corresponding to a decline in volatility, if prices move out of the band, you should expect the current trend to continue.
• If peaks and troughs outside the band are followed by peaks and troughs inside the band, a trend reversal is possible.
• The price movement that started from one of the band's borders usually reaches the opposite one. The latter observation is useful for predicting price targets and the current trend.

Sorry, it's not a trend - it's plain text (a set of letters).

Try to translate the text into an algorithm and you'll see what's what.

[Urka44]

Vladimir Karputov:

Sorry, it's not a trend - it's a simple text (set of letters).

Try to translate the text into an algorithm and you'll see what's what.

Everything is based on trend change, if price crosses upper BB boundary from bottom to top and 70 or 80 RSI boundary, then an alert (audio signal) to sell is given, if price crosses lower BB boundary from top to bottom and 30 or 20 RSI boundary, then an alert (audio signal) to buy is given.

When the price crosses the upper BB boundary, the red circle should appear, and when it crosses the RSI boundary, the red arrow should appear, and similarly for buying (only green). The circles are early entries into the trade, the triangles are the main entry points.

Bollinger Bands with the standard settings period of 20, the deviation of 2, RSI should adjust the user, but if there is no such opportunity (17 or (5)), including the extremes. timeframes lower 1 - 30 min, if possible also can be added 45,90, 2 hours, 4 hours.

[Vladimir Karputov]

Urka44:

Everything is based on trend change, if price crosses upper BB boundary from bottom to top and 70 or 80 RSI boundary, then an alert (audio signal) to sell is given, if price crosses lower BB boundary from top to bottom and 30 or 20 RSI boundary, then an alert (audio signal) to buy is given.

Try to find such a combination (simultaneous) and paste a screenshot. It's interesting to see this kind of thing live.

[Urka44]

Vladimir Karputov:

Try to find such a combination (simultaneous) and paste a screenshot. It's interesting to see this in person.

Here is such a combination

[Urka44]

Vladimir Karputov:

Try to find such a combination (simultaneous) and paste a screenshot. Interesting to see this

It's better that way, of course:

BB- 20(2)

1) RSI period - set by user

2) Show early entries (circles) enabled by default.

3) show major inputs (triangles) enabled by default.

4) enable/disable filter to show main entries only after overbought/oversold RSI areas

Enabled by default and RSI is 67 for the upper zone and 33 for the lower zone.

Also if possible specify how many bars back to the current bar. The default is 10, but better up to 90.

Or there is also an option to use them individually also adjustable in settings

[Vladimir Karputov]

Urka44:

It's certainly better that way:

BB- 20(2)

1) RSI period - set by user

2) Show early inputs (circles) enabled by default.

3) show main inputs (triangles) enabled by default.

4) enable/disable filter to show main entries only after overbought/oversold RSI areas

Enabled by default and RSI is 67 for the upper zone and 33 for the lower zone.

Also if possible specify how many bars back to the current bar. The default is 10, but better up to 90.

Or there is also an option to use them individually also adjustable in the settings

Of all your pictures only this one remains: it contains the two required indicators (Bollinger Bands and RSI) and clearly shows the idea:

[Urka44]

Vladimir Karputov:

Of all your pictures, this is the only one that remains: it contains the two required indicators (Bollinger Bands and RSI) and clearly shows the idea:

That's right, we need the code of the indicator with this idea

[Vladimir Karputov]

Urka44:
That's right, I need the code of the indicator with this idea

The circles make sense - the iRSI indicator crosses levels, but what are the triangle-shaped halo's?

[Urka44]

Vladimir Karputov:

The circles make sense - the iRSI indicator crosses levels, but what are the triangle-shaped halo's?

Yes, everything is correct about the circles. And triangle-shaped UFOs are the crossing of the upper BB boundary with bars and similarly the lower BB boundary with bars.