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- //@version=5
- indicator('Relative Trend Index (RTI) by Zeiierman', shorttitle= "RTI", overlay=false, precision=0)
- // Inputs {
- trend_data_count = input.int(100, step=4, minval=10, title="Trend Length", inline = "RT", group="Relative Trend Index [RTI]", tooltip="This variable determines the number of data points used in the calculation. \n\nIn short: A high value returns the long-term trend and a low value returns the short-term trend. \n\nIf a user increases the 'Trend Length', the trend will take into account a larger number of data points. This makes the trends smoother and more resistant to sudden changes in the market, as they're based on a broader set of data. It also makes the trends slower to react to recent changes, as they're diluted by older data. \n\nOn the other hand, if a user decreases the 'Trend Length', the trend will take into account fewer data points. This could make the trends more responsive to recent market changes, as they're based on a narrower set of data. It also makes the trends more susceptible to noise and rapid fluctuations, as each new piece of data has a greater impact.")
- trend_sensitivity_percentage = input.int(95, step=1,minval=50, maxval=98,title='Sensitivity ', inline = "RT1", group="Relative Trend Index [RTI]", tooltip="This variable determines the specific indices in the sorted trend arrays that are used for the upper and lower trend. It's used as a percentage of the 'Trend length'. \n\nIf a user increases the 'Sensitivity', the trend will be based on higher and lower positions in the sorted arrays, respectively. This makes the trend less sensitive. \n\nConversely, if a user decreases the 'Sensitivity', the trend will be based on positions closer to the middle of the sorted arrays. This makes the trend more sensitive.")
- signal_length = input.int(20, step=1,minval=1, maxval=200,title='Signal Length', inline = "", group="Signal Line", tooltip="Set the Ma period.")
- ob = input.float(80, step=1, minval=0, maxval=100, title="", inline = "obos", group="Overbought/Oversold", tooltip="")
- os = input.float(20,step=1, minval=0, maxval=100,title="", inline = "obos", group="Overbought/Oversold", tooltip="Set the OB/OS levels.")
- //~~~~~~~~~~~~~~~~~~~~~~~}
- // Relative Trend Index Calculation {
- upper_trend = close + ta.stdev(close, 2)
- lower_trend = close - ta.stdev(close, 2)
- upper_array = array.new<float>(0)
- lower_array = array.new<float>(0)
- for i = 0 to trend_data_count - 1
- upper_array.push(upper_trend[i])
- lower_array.push(lower_trend[i])
- upper_array.sort()
- lower_array.sort()
- upper_index = math.round(trend_sensitivity_percentage / 100 * trend_data_count) - 1
- lower_index = math.round((100 - trend_sensitivity_percentage) / 100 * trend_data_count) - 1
- UpperTrend = upper_array.get(upper_index)
- LowerTrend = lower_array.get(lower_index)
- RelativeTrendIndex = ((close - LowerTrend) / (UpperTrend - LowerTrend))*100
- //~~~~~~~~~~~~~~~~~~~~~~~}
- // Plots {
- MA_RelativeTrendIndex = ta.ema(RelativeTrendIndex,signal_length)
- RT = plot(RelativeTrendIndex, 'Relative Trend Index (RTI)', color=color.new(color.teal, 0))
- plot(MA_RelativeTrendIndex, 'Ma Relative Trend Index', color=color.new(#00bcd4, 0))
- //~~~~~~~~~~~~~~~~~~~~~~~}
- // Line plots {
- mid = hline(50, 'Mid', color=#606060, linestyle=hline.style_dashed)
- overbought = hline(ob, 'Overbought', color=#606060, linestyle=hline.style_dashed)
- oversold = hline(os, 'Oversold', color=#606060, linestyle=hline.style_dashed)
- //~~~~~~~~~~~~~~~~~~~~~~~}
- // BG Fill {
- fill(overbought, oversold, color=color.new(color.teal, 90), title='Background')
- //~~~~~~~~~~~~~~~~~~~~~~~}
- // Overbought/Oversold Gradient Fill {
- midLinePlot = plot(50, color = na, editable = false, display = display.none)
- fill(RT, midLinePlot, 100, ob, top_color = color.new(color.green, 0), bottom_color = color.new(color.green, 100), title = "Overbought Gradient Fill")
- fill(RT, midLinePlot, os, 0, top_color = color.new(color.red, 100), bottom_color = color.new(color.red, 0), title = "Oversold Gradient Fill")
- //~~~~~~~~~~~~~~~~~~~~~~~}
- //Alerts {
- RT_OB_Over = ta.crossover(RelativeTrendIndex,ob)
- RT_OB_Under = ta.crossunder(RelativeTrendIndex,ob)
- RT_OS_Over = ta.crossover(RelativeTrendIndex,os)
- RT_OS_Under = ta.crossunder(RelativeTrendIndex,os)
- RT_Mid_Over = ta.crossover(RelativeTrendIndex,50)
- RT_Mid_Under = ta.crossunder(RelativeTrendIndex,50)
- RT_MA_Over = ta.crossover(RelativeTrendIndex,MA_RelativeTrendIndex)
- RT_MA_Under = ta.crossunder(RelativeTrendIndex,MA_RelativeTrendIndex)
- alertcondition(RT_OB_Over, title = "RTI Crossover OB", message = "RTI Crossover OB")
- alertcondition(RT_OB_Under, title = "RTI Crossunder OB", message = "RTI Crossunder OB")
- alertcondition(RT_OS_Over, title = "RTI Crossover OS", message = "RTI Crossover OS")
- alertcondition(RT_OS_Under, title = "RTI Crossunder OS", message = "RTI Crossunder OS")
- alertcondition(RT_Mid_Over, title = "RTI Crossover 50", message = "RTI Crossover 50")
- alertcondition(RT_Mid_Under,title = "RTI Crossunder 50", message = "RTI Crossunder 50")
- alertcondition(RT_MA_Over, title = "RTI Crossover Ma", message = "RTI Crossover Ma")
- alertcondition(RT_MA_Under, title = "RTI Crossunder Ma", message = "RTI Crossunder Ma")
- //~~~~~~~~~~~~~~~~~~~~~~~}
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