BIGMAC_DD_VX2 — Indicator by vdubus

MACD_VX1
//Modified MACD and RSI alert

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.

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Want to use this script on a chart?

study(title="BIGMAC_DD_VX2", shorttitle="BIGMAC_DD_VX2")
source = close
fastLength = input(13, minval=1), slowLength=input(34,minval=1)
signalLength=input(5,minval=1)
fastMA = ema(source, fastLength)
slowMA = ema(source, slowLength)
macd = fastMA - slowMA
signal = sma(macd, signalLength)
hist = macd - signal
plot(hist, style=histogram, color=black, linewidth=3)
plot(macd, color=red, linewidth=1)
plot(signal, color=blue, linewidth=2)
plot(cross(signal, macd) ? signal : na, color=black, style = circles, linewidth = 4)
//============================================
//Modified MACD and RSI alert / munsifk 
fastLength2 = input(8, minval=1)
slowLength2 = input(34,minval=1)
signalLength2=input(3,minval=1)
hline(0, color=purple, linestyle=line)
fastMA2 = ema(close, fastLength2)
slowMA2 = ema(close, slowLength2)
macd2 = fastMA2 - slowMA2
signal2 = sma(macd2, signalLength2)
//------------
Length2 = input(21, minval=1)
Oversold2 = input(49, minval=1)
Overbought2 = input(51, minval=1)
xRSI = rsi(close, Length2)
pos2 = iff(xRSI > Overbought2 and signal2 < macd2, 1,
        iff(xRSI < Oversold2 and signal2 > macd2, -1, nz(pos2[1], 0))) 
plot(pos2, title="pos", style=area, color=red, transp=80)
//--------------------------------------------------------//