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RSI Over EMA (Range Lines)

This is another version of the RSI over EMA Trend Sniper script that I released here:

This one gives you better control across pairs wither higher volatility with the extra lines and more alert possibilities.

Here are the useful Alert functions within this indicator:
LONGS:
-Aqua line ( RSI Line) - Crossing UP (Long Alert) on the Lower Green line
-Aqua line ( RSI Line) - Crossing UP (Long Alert) on the Upper Green line
-Aqua line ( RSI Line) - Crossing UP (Long Alert) on the Lower Amber line
-Aqua line ( RSI Line) - Crossing UP (Long Alert) on the Upper Amber line
-Aqua line ( RSI Line) - Crossing UP (Long Alert) on the Lower Red line
-Aqua line ( RSI Line) - Crossing UP (Long Alert) on the Upper Red line

SHORTS:
-Aqua line ( RSI Line) - Crossing DOWN (Short Alert) on the Lower Green line
-Aqua line ( RSI Line) - Crossing DOWN (Short Alert) on the Upper Green line
-Aqua line ( RSI Line) - Crossing DOWN (Short Alert) on the Lower Amber line
-Aqua line ( RSI Line) - Crossing DOWN (Short Alert) on the Upper Amber line
-Aqua line ( RSI Line) - Crossing DOWN (Short Alert) on the Lower Red line
-Aqua line ( RSI Line) - Crossing DOWN (Short Alert) on the Upper Red line

You can setup alerts for the Aqua line ( RSI Line) 'crossing up' (Long Alert) or 'crossing down' (Short Alert) on any of the colored EMA lines.

By default the lines are spread out at 10/20/30 and that should cover high volatility charts. But, this is customizable and you can reduce the size of Green/Amber/Red lines to try and get a better more focused setup for whichever coin you are trading on. I have found this version of the RSI over EMA to work better with alt coins that are generally more volatile, but using it on Bitcoin works too.
I am using this for Cryptocurrency alerts, but not for automation to enter or exit a trade. It's important to only use this on normal candles, and only use it as a confirmation of a possible good entry or exit.

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.

Want to use this script on a chart?

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