OPEN-SOURCE SCRIPT
Updated RSI MFI with alerts
Modified from the various scripts I've found on TradingView. This scripts adds alerts for oversold overbought conditions. It also has the ability to add in another RSI at a different time interval.
I've also added an MFI with bollinger bands to the chart to preceed the RSI. This can sometimes tell you the direction the RSI is moving. usually when it is out of the bollinger bands on the MFI the price/RSI tends to slow.
I've also added an MFI with bollinger bands to the chart to preceed the RSI. This can sometimes tell you the direction the RSI is moving. usually when it is out of the bollinger bands on the MFI the price/RSI tends to slow.
Release Notes
changed the name of RSI to MFI to correctly identify the plot. added alerts for RSI
Release Notes
made midpoint of RSI smaller
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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