All RSI Signals v1

The All RSI Signals indicator is a comprehensive momentum analysis tool that combines RSI, Stochastic RSI, and Linear Regression to identify high-probability buying and selling opportunities.

Usage

The Usage section focuses on how the three primary components interact to generate signals:

• Momentum Coloring: The RSI line changes color based on Stochastic RSI momentum. A blue line indicates a bullish uptrend (Stochastic K > D or above 80), while a red line indicates a bearish downtrend.
• Divergence Detection: The script automatically identifies and labels Regular and Hidden Bullish/Bearish divergences between price and the RSI. These labels (Bull, H Bull, Bear, H Bear) appear directly on the RSI plot to highlight potential reversals or trend continuations.
• Trend Direction via Linear Regression: A linear regression channel is projected onto the RSI data. This facilitates the identification of the current RSI trend direction and assists in spotting when momentum is overextending beyond statistical deviations.
• Filtering: For robust entries, users often look for RSI values between 30 and 70 coupled with Stochastic RSI levels between 20 and 60 to ensure a strong emerging trend rather than an exhausted one.

Details

The script integrates several technical concepts into a single pane:

• Stochastic RSI Integration: Rather than plotting a separate oscillator, the Stochastic RSI is used as a logic filter to color the main RSI line, reducing chart clutter while maintaining momentum awareness.
• Pivot-Based Divergence: The tool uses pivot high/low lookbacks to find peaks and troughs in both price and the RSI, ensuring that divergence signals are based on significant structural points.
• Statistical Significance: The Linear Regression component includes an optional Pearson's R calculation. This helps traders understand the strength of the linear correlation within the specified lookback period; a higher percentage indicates a more reliable linear trend.

Settings

RSI & Stochastic

• RSI Period: The lookback period for the Relative Strength Index calculation.
• RSI MA Length: The length of the Moving Average applied to the RSI for trend smoothing.
• RSI Source: The price source used for the RSI calculation (e.g., Close, HL2).

Divergence

• Pivot Lookback Right/Left: Determines the number of bars required to confirm a pivot point for divergence detection.
• Max/Min Lookback Range: The range of bars to look back when comparing price and RSI peaks.
• Plot [Type]: Toggles the visibility of Regular Bullish, Hidden Bullish, Regular Bearish, and Hidden Bearish signals.

Linear Regression

• Count: The number of bars used to calculate the linear regression slope.
• Upper/Lower Deviation: The multiplier for the standard deviation bands.
• Use Upper/Lower Deviation: Toggles whether to use standard deviation or raw high/low price deviations for the channel.
• Show Pearson's R: Displays the correlation coefficient to indicate the strength of the linear trend.

FAQ

How do I access All RSI Signals?

You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.

What do the "H Bull" and "H Bear" labels mean?

These represent "Hidden" divergences. A Hidden Bullish divergence suggests trend continuation in an uptrend, while a Hidden Bearish divergence suggests continuation in a downtrend.

Can I set alerts for specific signals?

Yes, the script includes built-in alert conditions for positive/negative RSI momentum and all four types of divergence signals (Regular/Hidden Bullish and Bearish).