OPEN-SOURCE SCRIPT
RSI Trend Filter
RSI based basic trend filter. I don't used it in the NNFX structure but I wanted to test things.
Here RSI is not used as reversal indicator.
We check if RSI>50 or <50 and we use it as a trend confirmation indicator/filter.
Here RSI is not used as reversal indicator.
We check if RSI>50 or <50 and we use it as a trend confirmation indicator/filter.
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.