OPEN-SOURCE SCRIPT
Updated Flxwrt - RSI based valuation
RSI > STC
Release Notes
Changed nameRelease Notes
RSI Based ValuationThis indicator is based on the values of two different RSI lengths.
When both of them turn into an overbought/oversold state, this indicator flashes a buy or sell signal.
One of these RSIs uses a moving average as source (EMA), so the indicator acts a lot slower.
This gives the indicator some diversity, so it gives interesting signals.
Enjoy!
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.