RSI4RULES — Indicator by lasierracompany

Oscillators Relative Strength Index (RSI)

The Script is for use with the strategy of the 4 rules of Daven Icao. It is an RSI (black) with two Emas, 3 (blue) and 10 (red). To buy the RSI is expected to cross with the Emas in oversold zone, which is level 25; level 75 is an overbought area where we expect the RSI to cross with the Emas. If you consider that this script can be used in another strategy, use it! You can modify the values of the RSI and the Emas.

Release Notes:

add the level 50 and the RSI is white

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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