OPEN-SOURCE SCRIPT
RSI Fractal Energy with Signal Line
Here is my second script.
Introducing the RSI Fractal Energy Indicator.
This incorporates the Relative-Strength Index and Fractal Energy as the name implies.
This will help the trader identify:
1. Trend Strength: The higher the value of the indicator can indicate the strength of the trend and vice versa.
2. Reversal points: If the indicator is showing weakness and the market is making higher highs and lower lows this can indicate a reversal is possible.
3. Overbought and Oversold conditions: This indicator is currently set to 30(Oversold) and 70(Overbought), but this can be changed in the source code.
I also added a signal line to provide bullish/bearish crossovers.
I use this indicator on the 1 hr chart, but it can be used on any time frame.
Please let me know if you have any questions, comments, or concerns. Always open to learning more.
I will also provide updates as I continue to use my indicators.
Happy trading!
Introducing the RSI Fractal Energy Indicator.
This incorporates the Relative-Strength Index and Fractal Energy as the name implies.
This will help the trader identify:
1. Trend Strength: The higher the value of the indicator can indicate the strength of the trend and vice versa.
2. Reversal points: If the indicator is showing weakness and the market is making higher highs and lower lows this can indicate a reversal is possible.
3. Overbought and Oversold conditions: This indicator is currently set to 30(Oversold) and 70(Overbought), but this can be changed in the source code.
I also added a signal line to provide bullish/bearish crossovers.
I use this indicator on the 1 hr chart, but it can be used on any time frame.
Please let me know if you have any questions, comments, or concerns. Always open to learning more.
I will also provide updates as I continue to use my indicators.
Happy trading!
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el autor de este script lo ha publicado en código abierto, permitiendo que otros traders puedan entenderlo y verificarlo. ¡Olé por el autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la reutilización de este código en la publicación se rige por las Normas internas. Puede añadir este script a sus favoritos y usarlo en un gráfico.
¿Quiere utilizar este script en un gráfico?
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