OPEN-SOURCE SCRIPT
Updated Flexible Moving Averages with MACD and RSI
Every stock momentum can be identified either by crossing of higher EMA by lower EMA or MACD line crossing signal line and moving up or RSI value rising above 45 or 50. This indicator combines Moving averages with MACD and RSI
How to use:
Configure any or all of 5 moving averages according to your preference. It can be EMA or SMA. Configure symbols for MACD crossing or RSI rising.
By default, if RSI crosses above 50, green triangle appears below candle. If RSI crosses 50 and comes down, red inverted triangle appears above candle
By default, if MACD line crosses signal line and moves above, green dot appears below candle. If MACD line crosses signal line and moves down, red dot appears above candle
These indications can give the user how much time RSI and MACD crossing happened along with EMA crossovers. User can take calculated decision and risk
How to use:
Configure any or all of 5 moving averages according to your preference. It can be EMA or SMA. Configure symbols for MACD crossing or RSI rising.
By default, if RSI crosses above 50, green triangle appears below candle. If RSI crosses 50 and comes down, red inverted triangle appears above candle
By default, if MACD line crosses signal line and moves above, green dot appears below candle. If MACD line crosses signal line and moves down, red dot appears above candle
These indications can give the user how much time RSI and MACD crossing happened along with EMA crossovers. User can take calculated decision and risk
Release Notes
Update - 21 April 20261. Added HMA (Hull Moving Average) in addition to existing SMA and EMA
2. Added label at end of each MA line. It makes easy for user to settle with limited color selection and depend on labels.
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.