OPEN-SOURCE SCRIPT

~RMCF~ RSI and MACD Reversal Signal

Updated

For AkibaDeep. Checks if RSI < 30 recently and if MACD diverges, placing a buy signal. Then, places a sell signal when MACD converges back.

Release Notes

Updates!

sernhofer contacted me about wanting the ability to use alerts with this indicator, so I have created advanced options to allows this!

1) Turn on Plot Buy Signal for Alarm Setups and PLot Sell Signal for Alarm Setups in the Indicator Settingshttps://i.gyazo.com/6c2e3534cf99697c6ffa467e89679130.png
2) Create Alarm for when Buy Signal crosses from 0 to 1 https://i.gyazo.com/6a4cb91d582e943cede93b879a58762a.png
3) Create Alarm for when Sell Signal crosses from 0 to 1 https://i.gyazo.com/d65feacf6ac4b5fe11fce5d0022f520a.png

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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