OPEN-SOURCE SCRIPT
Volume Weighted MACD + RSI

Volume Weighted MACD + RSI.
RSI > 60 signals market is bullish
RSI < 40 signals market is bearish
GREEN ZONE - bullish market
GREY ZONE - market reversal potential
RED ZONE - bearish market

BTCUSDT
RSI > 60 signals market is bullish
RSI < 40 signals market is bearish
GREEN ZONE - bullish market
GREY ZONE - market reversal potential
RED ZONE - bearish market
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.