OPEN-SOURCE SCRIPT
Updated ~RMCF~ RSI and MACD Reversal Signal
For AkibaDeep. Checks if RSI < 30 recently and if MACD diverges, placing a buy signal. Then, places a sell signal when MACD converges back.
Release Notes
Updates!sernhofer contacted me about wanting the ability to use alerts with this indicator, so I have created advanced options to allows this!
1) Turn on Plot Buy Signal for Alarm Setups and PLot Sell Signal for Alarm Setups in the Indicator Settingshttps://i.gyazo.com/6c2e3534cf99697c6ffa467e89679130.png
2) Create Alarm for when Buy Signal crosses from 0 to 1 https://i.gyazo.com/6a4cb91d582e943cede93b879a58762a.png
3) Create Alarm for when Sell Signal crosses from 0 to 1 https://i.gyazo.com/d65feacf6ac4b5fe11fce5d0022f520a.png
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.