INDICATOR: RSI PRECISION+ (FREE ON TRADINGVIEW)

The RSI Precision+ is an enhanced version of the free “RSI Precision” indicator available on TradingView. This new indicator combines essential trading signals with those provided by RSI Precision. It includes three categories of built-in trading signals.

• RSI Crossovers/Crossunders (▲▼)
• MACD Crossovers (•)
• SMA Death/Golden Crosses (x)

Introduction to RSI PRECISION+

The new indicator “RSI PRECISION” is an alternative to the popular oscillator, the Relative Strength Index (RSI). It combines RSI readings with price momentum to provide more precise signals on longer timeframes. Additionally, it includes a range of built-in trading signals. RSI Precision is especially useful for analyzing volatile assets like technology stocks and cryptocurrencies, where the classic RSI often lacks accuracy on longer timeframes.

■ RSI PRECISION+: Use it here for free on TradingView:

» https://www.tradingview.com/script/kBpWBCXU-RSI-PRECISION-MACD-SMA-Signals/

fShare

Tweet

How to create Indicators & Automated Strategies using TradingView PineScript

PineScript is a simple, free-to-use programming language specifically designed for traders and integrated into the TradingView platform.

A few words about TradingView

TradingView is an online platform that is essentially free and offers all the charting tools and indicators needed to develop trading ideas and share them with the community. The platform features its own scripting language called PineScript—similar to Python—which enables users to create custom indicators. All you need to access TradingView and PineScript is a free account.

» Visit TradingView and open a free account

Introduction to PineScript

PineScript is a cloud-based language, meaning you can create and use indicators on your desktop computer or mobile device without installing any software.

Key Features of Pine Scripts

A script can be either a STUDY or a STRATEGY (see script structures below).
Each script begins with an annotation that defines the version of PineScript used, along with the name and basic properties of the script.
The main body of the script contains FUNCTIONS and VARIABLES. Functions are instructions that perform calculations, while variables store the results of those calculations in the cloud.
PineScript includes built-in functions that can be used in your scripts.
At the end of each script, you can define which variables will be plotted and where they will appear.

fShare

Tweet

PineScript Tutorial

PineScript from TradingView is a simple programming language specially designed for traders. It can be used to build indicators or fully automated trading strategies. This tutorial focuses exclusively on coding indicators.

fShare

Tweet