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TSO Strength vs Exhaustion

A visually-simplified version of the RSI. The Relative Strength Index (RSI) is a well known momentum oscillator that measures the speed and change of price movements, developed by J. Welles Wilder. Color-coded bars are used to quickly read the RSI value and history.


Features

  • Find overbought and oversold situations at a glance.
  • The indicator is non-repainting.
  • The indicator can be easily used as part of an EA. (see below)


Basic Strategy

  • Look for shorts when the indicator is overbought.
  • Look for longs when the indicator is oversold.


Inputs

  • Select RSI Period: Set the period of the RSI (21 is recommended)
  • Last Bar Included: Include the bar being drawn in the RSI calculation
  • LEVELS SETTINGS
    • Level 1 Lower Limit (Overbought): The RSI value from which and above the market is considered the most overbought.
    • Level 2 Lower Limit: The RSI value from which and above Level 2 starts.
    • Level 3 Lower Limit: The RSI value from which and above Level 3 starts.
    • Level 4 Lower Limit (Neutral): The RSI value from which and above Level 4 starts.
    • Level 5 Lower Limit: The RSI value from which and above Level 5 starts.
    • Level 6 Lower Limit: The RSI value below which the market is considered the most oversold.
    • Level 7 Lower Limit = 0 (Oversold): Always 0, since the RSI ranges from 0 to 100.
  • COLOR SETTINGS
    • Level 1 Color (Overbought): The color of the indicator when the RSI has a value from the lower limit of level 1 and above.
    • Level 2 Color : The color of the indicator when the RSI has a value from the lower limit of level 2 and above, till the lower limit of level 1.
    • Level 3 Color : The color of the indicator when the RSI has a value from the lower limit of level 3 and above, till the lower limit of level 2.
    • Level 4 Color (Neutral): The color of the indicator when the RSI has a value from the lower limit of level 4 and above, till the lower limit of level 3.
    • Level 5 Color: The color of the indicator when the RSI has a value from the lower limit of level 5 and above, till the lower limit of level 4.
    • Level 6 Color: The color of the indicator when the RSI has a value from the lower limit of level 6 and above, till the lower limit of level 5.
    • Level 7 Color (Oversold):The color of the indicator when the RSI has a value below the lower limit of level 6.


For EA Developers

Use Buffer = 7 to load the RSI level to an EA. The return values are:

  • Level 1 = 0
  • Level 2 = 1
  • Level 3 = 2
  • Level 4 = 3
  • Level 5 = 4
  • Level 6 = 5
  • Level 7 = 6
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This indicator will detect harmonic patterns that are drawn on the chart by manual and automatic methods. You can see user manual from this link: Notes Indicator has control panel and it will save every (chart & timeframe) settings. You can minimize it to have more space on chart and you can press close button to hide all indicator data on chart if you prefer to work with other analysis tools  When you use this indicator and change the settings, add indicators like Moving Average or Bollinger
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Oleg Rodin
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PRO Renko System is a highly accurate trading system specially designed for trading RENKO charts. The ARROWS and Trend Indicators DO NOT REPAINT! The system effectively neutralizes so called market noise giving you access to accurate reversal signals. The indicator is very easy to use and has only one parameter responsible for signal generation. You can easily adapt the tool to any trading instrument of your choice and the size of the renko bar. I am always ready to provide extra support to help
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Eric John Pajarillaga Aldana
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TakePropips Donchian Trend Pro  (MT4) is a powerful and effective tool that automatically detects the direction of the trend using the Donchian Channel and provides you with an entry and exit trading signals! This multi-function indicator includes a trend scanner, trading signals, statistical panel, screener, trading sessions, and alerts history dashboard. It is designed to provide you with trading signals and save you hours analyzing the charts! You can download the user manual and installation
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The indicator displays the horizontal volume profile in the specified area (BOX) and the maximum volume (POC). Product Features. 1. You can use ticks or just price. 2. Adaptive grid spacing (M1-MN). 3. Adaptive high volume (median) search step depending on box size. 4. Automatic chameleon color for box lines and buttons. 5. Multiple boxes, easy to create and delete. 6. 70% volume area (enable in settings). 7. There is an alert for touching the maximum horizontal volume line (POC). 8. VWAP. 9.
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** All Symbols x All Timeframes scan just by pressing scanner button ** After 15 years of experience in the markets and 3 years of programming, Winner indicator is ready. I would like to share with you! *** Contact me after purchase to send you instructions and add you in "123 scanner group" for sharing or seeing experiences with other users. Introduction The 123 Pattern Scanner indicator with a special enhanced algorithm is a very repetitive common pattern finder with a high success rate . Inte
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