TradingView
GurselKona
10 de Jun. de 2020 20:01

Sto RSI and kijun-sen line to determine and follow the trend  

S&P 500 index of US listed sharesFXCM

Descripción

This script uses 25-75 treshold of stochastic RSI with the help of kijun-sen as confirmation, to find entry points to any trend either newly developed or an established one. I just realized it on the 1 hour SPX chart. Sure it can be used on other symbols. Crossing above/below 25/75 line of sto RSI is considered as buy/sell signal. Signals are evaluated whether price be above/below kijun-sen line. If a sell signal below kijun-sen is generated it is a continuation signal for downtrend, otherwise it is a countertrend signal (maybe a signal for a new downtrend). A countertrend signal must be evaluated carefully and only accepted in the right side of kijun-sen. e.g entering a sell signal generated above kijun-sen should be accepted only below the kijun-sen, vice-versa.
Comentarios
rZeuusForProfit
Very useful...Looks will work very well on BTC one day.
sufficientMeer2654
great script !
Apprentice_
great script indeed!
is it possible for this script to issue buy/sell alerts?
Más