Signal for purchase: RSI crosses the dispersion zone upwards Signal for sale: RSI crosses the dispersion zone downwards Buffer zone: white area, it is not recommended to make transactions.
--- Add (02.10.2018)
1) RSI lines (overbought / oversold) = 70 / 30. Сan be changed in the settings. 2) Alerts: • RSI line crossover Dispersion Zone (green) • RSI line crossunder Dispersion Zone (red)
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.
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.