OPEN-SOURCE SCRIPT
Double RSI & SMA
Fast and Slow RSI plus SMA in one indicator are used for detection of trend change. Have not seen it earlier in one indiator.
Added signals and alerts for even better usability.
See how it showed BTC lows in 2018: on 3d TF with Heiken Ashi candles low of fast RSI is the botton of the downtrend, while flat did not ended while SMA did not changed direction upwards. Looking for the botton of the current cycle.
Added signals and alerts for even better usability.
See how it showed BTC lows in 2018: on 3d TF with Heiken Ashi candles low of fast RSI is the botton of the downtrend, while flat did not ended while SMA did not changed direction upwards. Looking for the botton of the current cycle.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.