OPEN-SOURCE SCRIPT
Updated MA EMA RSI
Combining EMA and MA over-extension with RSI to help narrow down overbought and oversold opportunities.
Release Notes
This is a MA EMA RSI combo indicator to help narrow down when markets are really overbought or oversold. The SMA must deviate from the EMA by a certain percentage and the RSI must be greater than or less than a desired level before a candle is colored to indicate a buy(blue) or a sell(pink). Release Notes
Added to allow custom parameter inputs from the user
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 publications is governed by House rules. You can favorite it to use it on a chart.
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