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Troptrap

Wicked signals

Troptrap  
Centered Oscillators Moving Average Convergence / Divergence (MACD) Relative Strength Index (RSI) wicks
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centeredoscillator macd relativestrengthindex wicks
This indicator plots an RSI based MACD, I find it easier to spot divergences on histogram.
Also, it looks for candlestick wicks and finds SOME local tops and bottoms. NOT ALL OF THEM, beware of that.
Use it in conjunction with other things, don't rely solely on this for trading
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.

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