Never Buy rules — Indicator by rvc8280

Whatever may be the market cap .... doesn't matter

if you are planning to buy a script, please check 200 day avg, MACD and RSI levels

1. Never buy a stock trading below the 200-day Moving Average
2. Never Buy a stock with MACD below 0
3. Never buy stock with an RSI below 40

Script is written in simple terms, easy to understand and modify.

Release Notes:

Corrected Rule 1.

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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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