OPEN-SOURCE SCRIPT

Trend V2.1

1 041
imagen
All features indicated on the chart.
A simple higher period call of 5 period RSI that shows what we all know that OB/OS conditions are some of the best parts of a move.
color bars can be turned off. RSI can be shown in a traditional format with a smoothed line (current period). Trend bars can be turned on or off. Blank areas on the bottom line denote non OB/OS conditions on the higher time frame.
Not to be used as a signal generator per se, but does a good job in backtesting anyway. I would use this as a 'permission' signal more than anything, keeps you on the right side of the move, far more often than not.
Enjoy,
Trade responsibly

Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.