aaahopper

RSI + EMA+ MTF Stop-Loss

This is a simple RSI with multiple MTF (No security) to help with direction short and long-term.
The rsi for the current chart has a noise reduction, while the rest are based on ma's.
I have supplied an extra flexible mtf rsi ma for potential adjustable/long-term stop-loss or direction identification.
Enjoy
Release Notes: Just an update on the previous script, of the same name, for greater clarity.
It works well if you need to identify if you need to stay "in" or "get-out" of a trade.
Also, a great thank you to all the great pine script programmers, who without them many of this would not be possible.
Release Notes: Added an RSI no Hesitation filter to assist in removing noise and early trades.
The code used is from Peter_O link
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.

Want to use this script on a chart?