OPEN-SOURCE SCRIPT
MACD/RSI - edited
This strategy checks MACDcrossover and RSI crossover. When MACD crosses up or down the signal line, it checks if RSI is crossing back OverSold or OverBought lines, respectively, over the past few candles. The period can be changed by the parameter "RSI lookback".
The strategy seems to work better for reversal—still a work in progress.
The strategy seems to work better for reversal—still a work in progress.
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.