OPEN-SOURCE SCRIPT
Updated RSI -SUPERTREND
This is hybrid of Super trend and RSI
the green and red zones are by the supertrend
so it seems the two indicator can compleemnt each other
the green and red zones are by the supertrend
so it seems the two indicator can compleemnt each other
Release Notes
add signalsRelease Notes
fix some issue in the signal as the offset was on -1 which is not trueNeed to say : the alert is based on ST
if you want it to be like the graph of RSI then you need to change the TSL to x in signals and compare it to oversold and overbought area
only then also the length will matter for the signal
you can add stoch ,DMI or other to this system and try to find best combo. also you can try to add MTF to see if it make it better
you can change the factor of 2 to higher to see how the results get
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.
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
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.
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.