PROTECTED SOURCE SCRIPT
Updated Rs Candlestick Indicator With Moving Averages
Unlike the traditional RSI, this one offers you an detailed insight with candlestick chart, rather than a simple line setup. It also includes two different customizable moving average(s) and offers detailed information such as bullish/bearish candlestick formations, negative and positive divergences on indicator.
How to use: Similar to candlestick charts, whenever Rsi candle close and stays above moving average(s) it's a buy signal and whenever candle closes below moving average(s), that's a sell signal. Rather than waiting for Rsi to break mid-line(50) to buy and sell, this one offers dynamic and more accurate buy and sell signals. You can also customize top-mid-bottom line values as well to determine overbought and oversold levels.
How to use: Similar to candlestick charts, whenever Rsi candle close and stays above moving average(s) it's a buy signal and whenever candle closes below moving average(s), that's a sell signal. Rather than waiting for Rsi to break mid-line(50) to buy and sell, this one offers dynamic and more accurate buy and sell signals. You can also customize top-mid-bottom line values as well to determine overbought and oversold levels.
Release Notes
Added mid-line color.Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.