Indyan

{INDYAN} RSI + MACD

Modded RSI and MACD for intraday use. If rsi above 60 and macd is above zero line then go for buy and if rsi is below 40 and macd below zero line then go for sell side. use it in small timeframe i.e. 3 minute or less.
better for scalp trading

Happy Trading
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#It can be used best with INDYAN Go With Trend
Release Notes: MInor Color Code Changed
Release Notes: Minor color code changed and explained few more things on chart...
Release Notes: Included Divergence for better learning...
Release Notes: Minor Change
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Comments

how to create alert for buy and sell plsss
+8 Reply
Indyan nikhilnaidu1697
@nikhilnaidu1697, its a study, need to convert it into strategy
+5 Reply
hi good work, how to use the indicators like 'hidden bull' or 'hidden bear', as they appear after few candles. can I request you to kindly help in using it effectively.
+4 Reply
LeLyonnais rajamaiya
@rajamaiya,divergences are often repainted
Reply
I'm curious to try this, but the MACD barely shows anything even on a full screen. I pretty much just see a line and have to zoom in and scale up like crazy to see it.
Can you enlarge it in any way? It's crazy to try to go full screen and then scale up massively to see where MACD is at comapred to the Stoch/RSI.
+4 Reply
Indyan grimflea
@grimflea, We need just data of macd which can be visible on left top beside rsi+macd. just check if value is negative then go for sort and if positive then go for long, no need to watch lines and histogram. suppose rsi is 62.8 and all other 3 values are positive then its a buy signal,
do check it in given chart for better understanding, Also it would work better with ichihmoku intraday, backtest for understanding .
Thanks
Reply
grimflea Indyan
@Indyan, ok fair enough. thanks for explaining. I'm so used to seeing what I'm looking at, rather than reading numbers.
Cheers.
+2 Reply
Indyan grimflea
@grimflea, will try fix ghat too. I justed concentrated upon its mod value so that it catch the signal fast rather than traditional macd. Combine it with ichimoku intraday u will be amazed with its result.
+1 Reply
@Indyan, Hi. I am quite new to Tradingview so feeling my way round.
I am interested in this indicator but need a bit help understanding.
The information displayed next to the "RSI+MACD Divergence" text in the upper left corner is a purple RSI number, understand that, followed by 2 green "n/a" a purple "n/a" a black "n/a", an orange "-0.00" a blue "0.00" and a yellow "0.00".
How do I get the MACD + & - numbers?

Cheers.
Reply
this is repainting . The divergences indicated are not for trading use as it is generated after more than 4 candles . BEWARE !!
+3 Reply
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