munsifk

strategy MACD and RSI alert fixed

1693 4 224
I notice that my previous request for help has gathered alot of attention. This is the fixed alert for anyone who wants it, sorry it has been so long since the initial video but I have been super busy with exam work.
Remove from Favorite Scripts Add to Favorite Scripts
////////////////////////////////////////////////////////////
study(title="Strategy MACD and RSI alert", shorttitle="Strategy MACD and RSI alert", overlay = false )
fastLength = input(8, minval=1)
slowLength = input(16,minval=1)
signalLength=input(11,minval=1)
hline(0, color=purple, linestyle=dashed)
fastMA = ema(close, fastLength)
slowMA = ema(close, slowLength)
macd = fastMA - slowMA
signal = sma(macd, signalLength)

Length = input(10, minval=1)
Oversold = input(49, minval=1)
Overbought = input(51, minval=1)
xRSI = rsi(close, Length)



pos = iff(xRSI > Overbought and signal < macd, 1,
        iff(xRSI < Oversold and signal > macd, -1, nz(pos[1], 0))) 
        
poschange = (pos[1] == -1 and pos == 1) or (pos[1] == 1 and pos == -1 ) ? 1 : 0  
barcolor(pos == -1 ? red: pos == 1 ? green : blue)

//plot(pos, title="pos", style=line, linewidth=1, color=red )
plot(poschange, title="change of colour alert", style=line, linewidth=1, color=yellow )
Love this setup, works a treat. Here's how I display mine for trading bitcoin. Still not too sure how to set an alert though.

+2 Reply
munsifk Arcadia
http://videos.tradingview.com/video/114269353

This will tell you
+4 Reply
Can you teach me how it works? I am a programmer and new to trading. TIA.
Reply
munsifk GMOTruths
You want to know how to set up the alerts? or how the internals of the indicator work?
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out