Frequently Bought Together
A-RSI for TradingView
$299.00
📌 Pin-point pullback and reversal entries
📌 Detect trend reversals by spotting divergences.
📌 Reduce false signals
If you’re still using the traditional RSI, perhaps it’s time for a change:
Use this new “Advanced RSI (A-RSI) for Tradingview” indicator to find high-probability pullback trade setups AND divergence-based reversals
A silver bullet? Obviously NO. But it does help me find all the trade setups I’ll ever need. Check this out:
What exactly is this indicator?
Take the classic, well known RSI, fused with our peculiar tweaks, and here you have the A-RSI, an absolute beast that identifies when prices change direction with great timing.
… and it works in both trending and sideways markets.
In a nutshell, A-RSI is the more advanced version of the classic RSI indicator empowered by our proprietary algorithm.
It is a great tool that fits perfectly in any trading strategy, be it reversal, range or trend trading.
Here’s how it works:
A-RSI is a VERSATILE tool for pinpointing when the price changes direction
When the market is moving sideways, it’s difficult to find good trade setups because of the small movements and low volatility.
When the market is trending, it’s tricky to identify good entry points which come after a short counter-trend move or a period of consolidation.
That’s exactly when A-RSI comes in handy, because…
It’s a versatile tool you may use to identify high-probability trade opportunities during ranging & trending markets
A-RSI is built on the classic, super well known Relative Strength Index (RSI), which first became a hit in 1978.
RSI measures recent price changes to identify overbought or oversold conditions, which signal an imminent price correction.
As simple as it seems, the idea behind it is so elegant, it works for decades in MULTIPLE markets.
But… our A-RSI really takes it to the NEXT level…
A-RSI spots many great trade setups that RSI may miss…
From the chart above, A-RSI identified the first bullish alert, while the classic RSI missed that trade setup. After that, A-RSI spotted 3 bearish alerts as pullback entries, but the classic RSI also missed those great trade setups.
Anyway, here’s another interesting feature of A-RSI
A-RSI is more sensitive to variations of price changes…
You can see from the chart above, the 2 bearish alerts given by the classic RSI were false signals, because the market moved sideways or upward right after the alerts. The 2 bullish alerts given by A-RSI were still accurate, because the price moved upward after that.
Take a look at this exciting chart below.
I’m so excited with this indicator, I could go on for days and nights about it.
But let me just share with you some of my personal trading strategies you can easily apply this to…
Identify great pullback entries when the market is trending…
Profiting with this classic pullback trading is harder than it looks.
However, A-RSI makes it much easier for you.
In trending markets, A-RSI give me an easy way to trade pullbacks. It gives you low-risk entries with good reward-to-risk ratio.
My personal trading rule is simple:
In an uptrend, enter when the A-RSI indicator signals oversold conditions (its value is below -0.7). And in a downtrend, enter when the indicator signals overbought conditions (its value is above +0.7).
The blue or red arrow flagged by A-RSI indicates the position where a price correction takes place. The price will reverse after a pullback and move in the direction of the prevailing trend.
A-RSI is particularly helpful when it comes to spotting divergences and trend reversals…
A-RSI is very useful for detecting divergences which may be great signals for the beginning of major uptrends/downtrends.
When a bullish divergence is detected, the current downtrend is exhausted and we can expect a trend reversal. That could be the beginning of a new major uptrend.
Likewise, when a bearish divergence is detected, the existing uptrend is weakened. And we can expect the price to reverse and start a new downtrend.
Being able to detect a trend reversal is about to happen, you can open a position right at the beginning of a new trend and rake in profit.
Have a look at this exciting chart to know how to spot divergences and trend reversals.
Timely alerts, so you won’t miss out on important trades.
You’ll get all kinds of alerts: Pop-up, Sound, Email, and Push Notifications as soon as a new order block appears…
And you can customize these alerts in any way you want.
Setting Manuals
1. Indicator Setting – A-RSI indicator
MyRsi Period: Sets the calculation period for the Modified Relative Strength Index (MyRsi), affecting its responsiveness to market movements.
NET Period: Sets the duration in bars for filtering out signals by using our Noise Elimination Technology (NET).
Price: Select the price point (e.g., close, open, high, low) on which the indicator calculations are based.
Trigger Factor: Adjusts the threshold for the indicator’s signals, impacting the frequency and sensitivity of the alerts.
Line Color 1: Choose the color for the first line of the indicator, enhancing visual clarity and personalization.
Line Color 2: Set the color for the second line, allowing for distinct visual differentiation between the two lines.
Line Width: Determines the thickness of the indicator lines, providing options for clearer visibility or a less cluttered chart appearance.
2. Indicator Setting – A-RSI Signal
MyRsi Period: Sets the calculation period for the Modified Relative Strength Index (MyRsi), affecting its responsiveness to market movements.
NET Period: Sets the duration in bars for filtering out signals by using our Noise Elimination Technology (NET)
Price: Select the price point (e.g., close, open, high, low) on which the indicator calculations are based.
Trigger Factor: Adjusts the threshold for the indicator’s signals, impacting the frequency and sensitivity of the alerts.
SL & TP
SL Detection Distance (Days): Sets the timeframe for identifying potential stop loss levels.
ATR Period for SL Shift: Specifies the period for Average True Range used in adjusting the stop loss level.
SL Shift Coefficient (from ATR): Determines how much the stop loss adjusts based on the Average True Range value.
TP Coefficient (from SL): Sets the ratio for calculating take profit levels based on the stop loss setting.
Stop Loss Line Color: Choose the color for the stop loss line, enhancing its visibility on the chart.
Take Profit Line Color: Select the color for the take profit line, allowing for easy differentiation from other lines.
Line Style Option: Customize the appearance of lines (solid, dashed, dotted, etc.) to suit your charting preferences.
Stop Loss Label Color: Choose a color for the stop loss label, making it stand out on your chart.
Take Profit Label Color: Set a distinct color for the take profit label for easy identification.
ARROWS:
Buy Text: Enter the text displayed for buy signals.
Sell Text: Enter the text displayed for sell signals.
Buy Text Color: Select a color for the buy signal text.
Sell Text Color: Select a color for the sell signal text.
Buy/Sell Arrow Size Small: Adjust the size of the buy and sell arrows for optimal visibility.
Arrow Max Back Bars: Sets the maximum number of past bars over which arrows can appear, controlling the historical range for signal display.
- How can I set up alerts?
To stay updated on potential trading opportunities, you can set up alerts within the A-RSI Signal.
Step 1: From the indicator settings, customize your alerts by defining your desired parameters. The selected configurations will be used for notifications in Step 2.
Step 2: To receive notifications through the app, pop-ups, alert emails, Webhook URL, sound alerts, or email-to-SMS, enable these features by clicking on TradingView’s “Alert” icon.
Step 3: Select A-RSI Signal from the “Condition” dropdown list:
Step 4: A pop-up will appear as follows. You click on “Notifications”.
Step 5: You choose the types of notifications you’d like to receive and click the “Create” button.
FAQ
After purchasing, you’ll fill out a short form that asks for your Tradingview username. And then, we’ll grant your username access to all our indicators within 24 hours.
It works on ALL markets internationally that are available on Tradingview: FX, stocks, indices, commodities, futures, etc…
All sales are final and non-refundable.
TV CHAMP MEMBERSHIP
Join our exclusive TV Champ membership and grab ALL our custom indicators for Tradingview. To see the full list of all indicators included in the TV Champ membership, click here…
Platform: TradingView
Platform: TradingView
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