Marsi Strategy [TheMightyChicken] — Indicator by PoshTrader

Created by TheMightyChicken
Based on Larry Connors RSI-2 Strategy - Lower RSI edited by ChrisMoody

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

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//Created by TheMightyChicken
//Based on Larry Connors RSI-2 Strategy - Lower RSI edited by ChrisMoody
study(title="Marsi Strategy [TheMightyChicken]", shorttitle="MarsiStrategy", overlay=false)
src = close, 
//RSI Code
up = rma(max(change(src),0),2)
down = rma(-min(change(src),0),2)
rsi = down==0 ? 100 : up==0 ? 0 : 100 - (100/(1+up/down))
//MA Code
ma5 = sma(close,5)
ma200= sma(close,200)
//Color Code
col = close>ma200 and close<ma5 and rsi<10 ? red : close<ma200 and close>ma5 and rsi>90 ? green : silver
//Graphics Code
line100 = plot(100, title="Upper Line 100",style=line, linewidth=1, color=silver)
line90 = plot(90, title="Lower Line 90",style=line, linewidth=1, color=silver)
line10 = plot(10, title="Upper Line 10",style=line, linewidth=1, color=silver)
line0 = plot(0, title="Lower Line 0",style=line, linewidth=1, color=silver)
fill(line90, line10, black, transp=95)
plot(rsi, title="RSI Line", style=line, linewidth=2,color=col)
plot(rsi, title="RSI Dots", style=circles, linewidth=3,color=col)