This indicator provides decision making data points on market momentum.
It gives a combined view of RSI, EMA, MACD and Stochastic indicators.
All are adjustable to user preferences. Red background areas indicate a potential reversal to the downside. Green background areas indicate potential reversal to the upside.
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.