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OPEN-SOURCE SCRIPT

TFEX_INDICATOR_SET13

By liewlomb
Updated
This Indicator use the calculated RSI of the top 13 stocks that have the highest market capitalization in SET50 where suitable for TFEX trading(S501!).

Conducted with 2 RSI period as follow:
  • RSI Main (14)
  • RSI Average (100)


How to use:

1) Use this Indicator by Crossover
  • If the RSI Main Cross UP the RSI Average can assume as BUY SIGNAL
  • If the RSI Main Cross DOWN the RSI Average can assume as SELL SIGNAL


2) Use this Indicator by Divergence of RSI Main
  • If the RSI Main got any Regular Bullish or Hidden Bullish can assume as BUY SIGNAL
  • If the RSI Main got any Regular Bearish or Hidden Bearish can assume as SELL SIGNAL


3) The combination of Divergence and Crossover
  • If the RSI Main got any Regular Bullish or Hidden Bullish then pending for the RSI Main Cross UP the RSI Average which can assume as BUY SIGNAL
  • If the RSI Main got any Regular Bearish or Hidden Bearish then pending for the RSI Main Cross DOWN the RSI Average which can assume as SELL SIGNAL


Preferred Timeframe
  • 4H
  • 2H
  • 1H
Release Notes
Update name of the RSI appearance setting
Release Notes
Add Alert Conditions
Release Notes
Change Calculation from SCB to EA as SCB delisted in SET
Release Notes
Update Alert condition to have Overbought and Oversold
Edit last description: Change Calculation from SCB to CPN as SCB delisted in SET
Release Notes
Update Chart
Release Notes
Update NEW SET13 List

  • AOT
  • PTT
  • DELTA
  • PTTEP
  • BCP
  • CPALL
  • KBANK
  • DTAC
  • BBL
  • BDMS
  • ESSO
  • KTB
  • GULF
Release Notes
Update new stock list
liewlombMomentum Indicator (MOM)Relative Strength Index (RSI)rsi_crossrsi_divergenceset13SET50tfex

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 publication is governed by House rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

liewlomb

Disclaimer

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