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Tutorial05

RSI Stoch MACD EMARibbon (by WJ)

Tutorial05 Updated   
Oscillators Relative Strength Index (RSI) Trend Analysis
95
2
oscillator relativestrengthindex trendanalysis
Combination of RSI, Stochastic and MACD signals filtered by EMA Ribbon direction.

Long when:
RSI > 50
Stochastic crossover upwards k > d and k < 50
MACD crossover upwards
EMA fast > slow

Short when:
RSI < 50
Stochastic crossover downwards k < d and k > 50
MACD crossover downwards
EMA fast < slow

Make sure Stochastic has recently done a crossover from respective overbought/oversold zones.
Release Notes:
Added EMA plots
Release Notes:
Added toggle on/off for bar and background colour
Release Notes:
Updated some stuff
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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