OPEN-SOURCE SCRIPT
RSI, EMA, and Volume Highlight
RSI, EMA, and Volume Highlight
This TradingView indicator combines RSI (Relative Strength Index), EMA (Exponential Moving Averages), and volume analysis to highlight significant trading signals. It sets an overbought level at 75 and an oversold level at 25, drawing horizontal lines for 400 bars when these conditions are met. Lines are solid at candle highs and dashed at the highest point between open and close prices for overbought, and the opposite for oversold conditions. Additionally, it features a volume highlight where the background of a candle turns yellow if its volume is more than triple that of the previous candle. EMAs are plotted for 200 days at both high (purple line) and low (orange line) price levels, assisting traders in identifying trend directions and potential reversal points. This tool is designed to help traders make informed decisions by visually representing critical technical levels and volume surges on their charts.
This TradingView indicator combines RSI (Relative Strength Index), EMA (Exponential Moving Averages), and volume analysis to highlight significant trading signals. It sets an overbought level at 75 and an oversold level at 25, drawing horizontal lines for 400 bars when these conditions are met. Lines are solid at candle highs and dashed at the highest point between open and close prices for overbought, and the opposite for oversold conditions. Additionally, it features a volume highlight where the background of a candle turns yellow if its volume is more than triple that of the previous candle. EMAs are plotted for 200 days at both high (purple line) and low (orange line) price levels, assisting traders in identifying trend directions and potential reversal points. This tool is designed to help traders make informed decisions by visually representing critical technical levels and volume surges on their charts.
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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