OPEN-SOURCE SCRIPT
Rob RSI Stoch MACD Combo Alert
//Created by Robert Nance on 5/28/16. Additional credit to vdubus.
//This was a special request from rich15stan. It combines my original RSI Stoch extremes with vdubus’ MACD VXI.
//This script will give you red or green columns as an indication for oversold/overbought,
//based upon the rsi and stochastic both being at certain levels. The default oversold is at 35.
//If Stochastic and RSI fall below 35, you will get a green column. Play with your levels to see how
//your stock reacts. It now adds the MACD crossover, plotted as a blue circle.
//This was a special request from rich15stan. It combines my original RSI Stoch extremes with vdubus’ MACD VXI.
//This script will give you red or green columns as an indication for oversold/overbought,
//based upon the rsi and stochastic both being at certain levels. The default oversold is at 35.
//If Stochastic and RSI fall below 35, you will get a green column. Play with your levels to see how
//your stock reacts. It now adds the MACD crossover, plotted as a blue circle.
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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