OPEN-SOURCE SCRIPT
RSI DIVERSION 200 EMA COMBINATION
This indicator generates buy signals when the price is above the 200 EMA with bullish RSI divergence and sell signals when the price is below the 200 EMA with bearish RSI divergence. It helps identify trend direction and potential reversal points in the market.
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 publications is governed by House rules. You can favorite it to use it on a chart.
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