Dr. Madhavi Akka V4 RSI(2) with MA(5)
Buy Signal:
A green label ("BUY") appears below the bar when:
The RSI is above 80.
The RSI-based moving average (MA) is trending upward.
The low price of the bar reaches or falls below the calculated limit entry price (low - tickOffset).
Sell Signal:
A red label ("SELL") appears above the bar when:
The RSI is below 20.
The RSI-based moving average (MA) is trending downward.
The high price of the bar reaches or exceeds the calculated limit entry price (high + tickOffset).
Customize Your Settings
Click on the gear icon next to the indicator name in the chart's legend to open its settings.
Adjust the following inputs as needed:
RSI Length: The period for calculating RSI (default: 2).
MA Length: The period for calculating the moving average of RSI (default: 5).
Middle Band: The RSI threshold for signals (default: 50).
Tick Offset: The number of ticks above/below high/low for limit entry prices (default: 3).
Invite-only script
Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact AARSKARRI directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.
Disclaimer
Invite-only script
Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact AARSKARRI directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.