PROTECTED SOURCE SCRIPT

NicoJ Extreme Murrey Oscillator with RSI Candles

Updated

This is a script combining Murrey Math with a standard RSI . Diamonds will form when the Murrey Oscillator hits extreme points (very much like a Stochastic Oscillator) and candles will change to yellow or blue when the RSI hits the set oversold or overbought levels.

This script is a nice addition to any trading strategy, but should not be used by itself. I built this with binary options in mind, and settings are tweaked for 1min charts, but this can be used on any time frame.

For beginners looking for trading strategies, you can follow me on youtube : youtube.com/channel/UCHtbJe_eM50_KUjZaaqt5yw

Release Notes

Decided to add Bollinger Bands to the indicator.

Release Notes

Just changed the Bollinger Bands color for better visibility at default.

Release Notes

Added background highlights for when candles go outside the Bollinger Bands. Light green or red means 25% or more of the body is outside the Bollinger Bands, and dark green or red means the whole BODY is outside the Bollinger bands, ie , open and close - the wicks are NOT calculated

Release Notes

Updated with a few extras...

Release Notes

I have decided to pull this indicator, as I am receiving WAY too many mails of people expecting me to teach and train them. It will be published again over the weekend, but as a restricted indicator.

Protected script

This script is published closed-source and you may privately use it freely.

Want to use this script on a chart?

Spiritwalker

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