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WS_TradingFactory

WSTF RSI2 Indicator

WS_TradingFactory Updated   
Moving Average Convergence / Divergence (MACD) Exponential Moving Average (EMA) Relative Strength Index (RSI) wilders
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macd ema relativestrengthindex wilders
This is the Indicator replicating the basic RSI(2) created by Wilders.

Buy condition:
(RSI(2) crossed under 10) & (close > EMA(200)) & (EMA(5) > close)

Sell condition:
(RSI(2) crossed over 90) & (close < EMA(200)) & (EMA(5) < close)

You can play around with the script by adjusting the RSI Values, EMA values and crossover & crossunder threshold.

We will update the script with new features in the futures.
Please don't hesitate to share some Ideas or Feedbacks, we would be happy to improve the script for you !

Have fun !
WS TradingFactory

Release Notes:
Update: EMA Plotted on the chart
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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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