The combination of RSI and CCI can be a powerful tool to efficiently signal the strength of the trend and upcoming reversals.
The magic comes when you're able to correlate both indicators correctly, this is the power I give you with the RSCCIO.
I've added additional features to each indicator that make signals more clear and easier to identify.
On the RSI
This scripts compiles many indicators into one. It comes from many sources and i added all sources i used. If i forgot one, don't hesitate to message me.
This is useful if you need to setup your chart layout fast. The menu makes it easy to configure it.
You can configure and display:
- Various types of moving averages: RMA, SMA , EMA , WMA , VWMA , SMMA , HullMA,...
5 exponential moving averages (EMA) in one indicator
EMA 21 black
EMA 55 blue
EMA 99 green
EMA 200 purple
EMA 300 red
EMA's are a powerfull tool to detect trends on all timeframes.
You can copy this script and modify it, if you want to use a differen selection of EMA's or colours.