OPEN-SOURCE SCRIPT
RSI + Stoch RSI Arrows (AND / OR Toggle)
Get a BUY signal (green arrow) when Stoch RSI & RSI is low to enter trades at a discount.
Get a SELL signal (red arrow) when Stoch RSI & RSI is high to exit trades at a premium.
Fully adjustable.
- Can use Stoch RSI AND/OR RSI values for signals.
- Can adjust values for Stoch RSI and RSI conditions.
For example, high momentum stocks may require a higher RSI value to enter trades during pull backs.
- Can adjust for timeframes.
For example, lower timeframes are more volatile and appropriate for scalping and entries. Higher timeframes can be used for swing trading.
Get a SELL signal (red arrow) when Stoch RSI & RSI is high to exit trades at a premium.
Fully adjustable.
- Can use Stoch RSI AND/OR RSI values for signals.
- Can adjust values for Stoch RSI and RSI conditions.
For example, high momentum stocks may require a higher RSI value to enter trades during pull backs.
- Can adjust for timeframes.
For example, lower timeframes are more volatile and appropriate for scalping and entries. Higher timeframes can be used for swing trading.
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.