OPEN-SOURCE SCRIPT
RSI overbought and Oversold with MA Confirmation
In summary, the "RSI Overbought and Oversold with MA Confirmation" indicator is designed to enhance trading precision by combining the momentum-based signals of the RSI with the trend-assessment function of a moving average. This blend helps traders make more confident decisions by confirming whether a market is truly in a state of overextension or if the prevailing trend still holds sway.
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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