A-RSI

SETTING MANUAL

1/ What is the A-RSI indicator? 

Introduction:

The Advanced RSI (A-RSI) for TradingView is an advanced version of the classic Relative Strength Index.

It uncovers high-probability trading setups in various market conditions and can be used for different trading strategies and adaptable for all timeframes.

Benefits:

1. Enhanced Precision in Trade Setups: A-RSI elevates the classic RSI formula with advanced tweaks to identify more nuanced trade setups, including pullbacks and divergences, providing traders with more opportunities to enter profitable trades.
2. Improved Sensitivity and Accuracy: The A-RSI's improved sensitivity to price changes reduces the occurrence of false signals, allowing traders to make more informed decisions based on accurate market dynamics.
3. Divergence and Trend Reversal Identification: A key strength of A-RSI lies in its ability to detect divergences, signaling potential major trend reversals and providing traders with a strategic edge in both uptrends and downtrends.
4. Versatile for Various Market Scenarios: Whether the market is in a trending phase or experiencing sideways movements, A-RSI adapts to identify high-probability trade opportunities.
5. Customizable Real-Time Alerts: The A-RSI is equipped with a variety of alert options – including pop-up, sound, email, and push notifications – ensuring that traders are promptly informed about significant market movements.

2.1/ Indicator Setting - A-RSI indicator 

Please note that there are 2 parts to this product: A-RSI Indicator and A-RSI Signal Indicator. Please add them both from your Invite-only scripts.

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.

2.2/ Indicator Setting - A-RSI Signal

Please note that there are 2 parts to this product: A-RSI Indicator and A-RSI Signal Indicator. Please add them both from your Invite-only scripts.

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.