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OPEN-SOURCE SCRIPT

RSI v4 with Bands

  • Script is extended version of usual RSI script
    This script plots VWMA(RSI7) [default colored orange] vs EMA(RSI7) [default colored blue] under pre-set time frame.
    Strategy is to make sure both points remain in the Green zone while entering into BUY position
    Use it as indicator not as financial advice.


~ imbharat
bharatc99
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Exponential Moving Average (EMA)Relative Strength Index (RSI)rsi_divergenceVolume Weighted Moving Average (VWMA)

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.

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bharatc99
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