OPEN-SOURCE SCRIPT
DojiCandle body size RSI-SMMA filter MTF

DojiCandle body size RSI-SMMA filter MTF
Hi. I was inspired by a public script written by ahmedirshad419, https://www.tradingview.com/script/58m8mjwG-AI-EngulfingCandle.
I thank him for his idea and hard work.
His script is the combination of RSI and Engulfing Pattern.
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I decided to tweak it a bit with Open IA.
I have changed:
1) candle pattern to DojiCandle Pattern;
2) I added the ability for the user to change the size of the candlestick body;
3) Added SMMA 200;
4) Changed the colour of SMMA 200 depending on price direction;
5) Added a change in the colour of candlesticks, depending on the colour of the SMMA 200;
6) Added buy and sell signals with indicator name, ticker and close price;
7) Added ability to use indicator on multi time frame.
How it works
1. when RSI > 70 > SMMA 200 and form the bullish DojiCandle Pattern. It gives sell signal
2. when RSI < 30 < SMMA 200 and form the bearish DojiCandle Pattern. It gives buy signal
settings:
basic setting for RSI, SMMA 200 has been enabled in the script to set the levels accordingly to your trades
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.