tmr0

Moving RSI

Moving RSI oscilator. Triangle up - enter long, triangle down - short.
Remove from Favorite Scripts Add to Favorite Scripts
//coded by tmr0
//@version=2
study("Moving RSI", shorttitle="tMRSI", overlay=false, precision=0)

rsilen=input(3, "RSI length")
smalen=input(20, "Moving average length")
chan=input(20, "RSI bands width", step=5)

s=hl2-sma(hl2,smalen)
z=rsi(s,rsilen)

buy0=z<chan
sell0=z>(100-chan)

buy = buy0?true:(not buy0 and not sell0)?buy[1]:false
sell = sell0?true:(not buy0 and not sell0)?sell[1]:false

enterL = buy and sell[1]
enterS = sell and buy[1]

clr = buy0?green:sell0?red:#b08040
plot(s, style =columns, color = clr, transp=65)

plotshape(enterL, "Long", style=shape.triangleup, color=teal, location=location.bottom)
plotshape(enterS, "Short", style=shape.triangledown, color=maroon, location=location.bottom)
kevinmick
a year ago
would love it in think or swim
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out