TRSI
This indicator is made by uniting into one three famous indicators - RSI, TRIX and EMA, because of this there are less wrong signals and more potential profitable deals.
The script was intended to be used on 15 minute timeframe, but it also can be used on bigger timeframes. For 15 minute tf best periods tested by me are 9-9-9.
The script was tested on XBT/USD and ETH/USD 15 min tf, Bitmex and gave from 80 to 90% profitable deals.
How to use:
Long signal: the RSI (blue line) goes down 30 area, reverses and crosses 30 and EMA (orange) line.
Short signal: the RSI (blue line) goes up 70 area, reverses and crosses 70 and EMA (orange) line.
Dont use only one TRIXRSI to enter the deal. Use it in combination with other indicators.
Make sure to draw main resistance and support lines because it is not right to long below resistance and to short over support lines.
Instead, the script usually gives you a signal to short under resistance and to long over support zones.
I will be glad to hear your feedback.
The script was intended to be used on 15 minute timeframe, but it also can be used on bigger timeframes. For 15 minute tf best periods tested by me are 9-9-9.
The script was tested on XBT/USD and ETH/USD 15 min tf, Bitmex and gave from 80 to 90% profitable deals.
How to use:
Long signal: the RSI (blue line) goes down 30 area, reverses and crosses 30 and EMA (orange) line.
Short signal: the RSI (blue line) goes up 70 area, reverses and crosses 70 and EMA (orange) line.
Dont use only one TRIXRSI to enter the deal. Use it in combination with other indicators.
Make sure to draw main resistance and support lines because it is not right to long below resistance and to short over support lines.
Instead, the script usually gives you a signal to short under resistance and to long over support zones.
I will be glad to hear your feedback.
Release Notes:
Changed the title and category to make it easier to find.
Added 50 area line.
Added 50 area line.
Release Notes:
Little visual improvements.
Added histogram for better divergence lookup.
Added histogram for better divergence lookup.