Indicator · Pine Script v4 · On the chart

Delta-RSI & 3-EMA Strategy

by capissimo

This overlay indicator combines a Delta-RSI oscillator with three exponential moving averages on the price chart.

View on GitHub

GitHub stars114on the repository
Pine versionv4older, still runs
Lines of code363
Settings18inputs
LicenceNone stated
Last update1 year ago7 Nov 2024

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
  4. 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.

Source Code

The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.

Overview

Delta-RSI & 3-EMA Strategy fits RSI with a polynomial over a rolling window, then marks buy and sell labels when the chosen condition occurs: zero crossing, signal-line crossing, or direction change. Optional exit labels use the same condition set. Three EMAs of configurable lengths plot on price, and an optional root-mean-square error filter can hide signals when the RSI fit is poor. It is declared as a study, so it does not place orders or manage stops.

Details

Published by

capissimo on GitHub

Type

Indicator, Pine Script v4

Draws

On the price chart

Category

Oscillators & momentum, Moving averages

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

SettingTypeDefaultVariable
RSI Lengthint21rsi_l
D-RSI Polynomial Orderint2degree
D-RSI Frame Length (must be greater than Order)int21window
D-RSI Signal Lengthint9signalLength
Show Buy Signalsbooltrueislong
Show Sell Signalsbooltrueisshort
Show Exit Signalsboolfalseshowendlabels
Entry Condition for BuystringZero-Crossingbuycond
Entry Condition for SellstringZero-Crossingsellcond
Exit ConditionstringZero-Crossingendcond
Filter by Means of Root-Mean-Square Error of RSI Fittingboolfalseusenrmse
RSI fitting Error Threshold, %int10rmse_thrs
Show all 18 settings
SettingTypeDefaultVariable
srcfastsourceopensrcfast
EMA-Fastint5emaslow
EMA-Mediumint9emaslow2
EMA-Slowint21emaslow3
===Information===booltrueshow_info
Lot Sizefloat0.01lot_size
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.

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