OPEN-SOURCE SCRIPT
[MAD MBS] L1 L2 RSI
Updated
This is a classical RSI Indicator, but it has 2 more functions added to be able to work together with my
[MAD MBS] System (Modular Backtest System)
Functions:
Sourcemode
send a Triggersignal on breakout of Triggerline on a selected channel
Filtermode
It just creates a Signal as long the RSI is over under a triggerline and modulates it at a selected channel
Options are to modulate the RSI signal like Pow for bringing in a Logarithmic Factor, SMA, EMA.
For this the "Trigger on average" has to be activated
---------------
Inputsignal (16 Bit Multibit)
activate Input to forwart this through the indicator. it adds the following signaltypes to it
[MAD MBS] System (Modular Backtest System)
Functions:
Sourcemode
send a Triggersignal on breakout of Triggerline on a selected channel
Filtermode
It just creates a Signal as long the RSI is over under a triggerline and modulates it at a selected channel
Options are to modulate the RSI signal like Pow for bringing in a Logarithmic Factor, SMA, EMA.
For this the "Trigger on average" has to be activated
---------------
Inputsignal (16 Bit Multibit)
activate Input to forwart this through the indicator. it adds the following signaltypes to it
Release Notes
update libary, cleaningOpen-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.
Want to use this script on a chart?
djmad|Bitblockart
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.