TFEX_INDICATOR_SET13

This Indicator use the calculated RSI of the top 13 stocks that have the highest market capitalization in where suitable for TFEX trading(S501!).

Conducted with 2 RSI period as follow:

RSI Main (14)
RSI Average (100)

How to use:

1) Use this Indicator by Crossover

If the RSI Main Cross UP the RSI Average can assume as BUY SIGNAL
If the RSI Main Cross DOWN the RSI Average can assume as SELL SIGNAL

2) Use this Indicator by Divergence of RSI Main

If the RSI Main got any Regular Bullish or Hidden Bullish can assume as BUY SIGNAL
If the RSI Main got any Regular Bearish or Hidden Bearish can assume as SELL SIGNAL

3) The combination of Divergence and Crossover

If the RSI Main got any Regular Bullish or Hidden Bullish then pending for the RSI Main Cross UP the RSI Average which can assume as BUY SIGNAL
If the RSI Main got any Regular Bearish or Hidden Bearish then pending for the RSI Main Cross DOWN the RSI Average which can assume as SELL SIGNAL

Preferred Timeframe

Release Notes

Update name of the RSI appearance setting

Release Notes

Add Alert Conditions

Release Notes

Change Calculation from SCB to EA as SCB delisted in SET

Release Notes

Update Alert condition to have Overbought and Oversold
Edit last description: Change Calculation from SCB to CPN as SCB delisted in SET

Release Notes

Update Chart

Release Notes

Update NEW SET13 List

AOT
PTT
DELTA
PTTEP
BCP
CPALL
KBANK
DTAC
BBL
BDMS
ESSO
KTB
GULF

Release Notes

Update new stock list

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.

liewlomb

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

liewlomb