OPEN-SOURCE SCRIPT
Noro's Locomotive v1.3 with RSI
New:
- added RSI-Filter
- RSI-bars-parameter
- Locomotive-bars-parameter
RSI-Sensivity
If RSI-Sensivity = 10:
- RSI < sens = market bottom (lime background)
- RSI > (100 - sens) = market top (red background)
Recomended:
- RSI-sensivity = 15 or <
- RSI Bars = 1-2
- Locomotive Bars = 2-3
- added RSI-Filter
- RSI-bars-parameter
- Locomotive-bars-parameter
RSI-Sensivity
If RSI-Sensivity = 10:
- RSI < sens = market bottom (lime background)
- RSI > (100 - sens) = market top (red background)
Recomended:
- RSI-sensivity = 15 or <
- RSI Bars = 1-2
- Locomotive Bars = 2-3
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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