munsifk

strategy MACD and RSI alert

1742 6 80
This is a script I created by combining parts of other scripts I looked at. It uses RSI and MACD to give entrance signals for longs or shorts. When the color changes from red to green it signifies a buy, from green to red signifies a short.

The problem that I am having is that I cannot set up the alert script properly, Using the code :
alert1 = (xRSI > Overbought and signal < macd ) ? 1: 0

gives repeat signals every time the criteria reasserts itself, and I only want it to show an alert at the same time the bar color changes.
If I could get some advice on how to set up the alert so it only alerts me at the same time that the bars change color, it would be much appreciated.
Thankyou
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////////////////////////////////////////////////////////////
study(title="Strategy MACD and RSI alert", shorttitle="Strategy MACD and RSI alert", overlay = false )
fastLength = input(8, minval=1)
slowLength = input(16,minval=1)
signalLength=input(11,minval=1)
hline(0, color=purple, linestyle=dashed)
fastMA = ema(close, fastLength)
slowMA = ema(close, slowLength)
macd = fastMA - slowMA
signal = sma(macd, signalLength)

Length = input(10, minval=1)
Oversold = input(49, minval=1)
Overbought = input(51, minval=1)
xRSI = rsi(close, Length)



pos = iff(xRSI > Overbought and signal < macd, 1,
        iff(xRSI < Oversold and signal > macd, -1, nz(pos[1], 0))) 
barcolor(pos == -1 ? red: pos == 1 ? green : blue)


plot(pos, title="pos", style=line, linewidth=1, color=red )
jamestrade14
2 years ago
thanks for this looks great will definitely use it:)!
Reply
munsifk jamestrade14
2 years ago
Thanks, it is really good but watch out for consolidations.
Reply
ChrisMoody PRO
2 years ago
Here is the Video showing how to fix the Alerts so the Alerts ONLY Trigger when the Bars Change Colors.

Video Titled Creating Alerts - Specific Example By Request 1-05-2015 .... Currently Top Right Video on the page.

http://videos.tradingview.com/page/1
Reply
munsifk ChrisMoody
2 years ago
Thanks Chris, your help is really appreciated :)
Reply
ChrisMoody PRO munsifk
2 years ago
no Problem.....You did the HARD Part.....
+1 Reply
georgebgreen
2 years ago
Thanks Chris, this looks awesome
Reply
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