OPEN-SOURCE SCRIPT
Actualizado The Godfather
This indicator uses a custom MA as well as RSI bar-flips, as a form of pivot point, to signal the direction of the trend.
The triangle markers on the chart are the RSI flipping from negative to positive, and vice versa.
The lighter shaded candles are up candles, the darker shaded candles are down candles.
Notas de prensa
Fixed a small quirk that I did not like:The code now handles the previous RSI bar-flip, when the other conditions are not met, by comparing the closing price of the current bar with the MA.
Script de código abierto
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.
Exención de responsabilidad
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.
Script de código abierto
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.
Exención de responsabilidad
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.