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RSI/StochRSI/EMA trend assist updated
- Trend determined by the crossover of the 4hr 13 and 26 EMA's (or whatever you set the Short and Mid term EMA to) All settings customisable in the 'cog' wheel of the indicator in the top right of the screen.
- Oversold conditions ( Stoch RSI and RSI ) are shown with a black candle
- Black candle = Potential long WITH the trend
- Black candle and small green circle below = Potential long AGAINST the trend (used better as a warning to watch trade in case exit required.)
- Overbought Conditions ( Stoch RSI and RSI ) are shown with a yellow candle
- Yellow candle = Potential short WITH the trend
- Yellow candle with small red circle above = Potential short AGAINST the trend (used better as a warning to watch trade in case exit required.)
Best used to confirm your TA and provide additional confirmation on market conditions. (not as a standalone buy sell indicator)
I've found it useful for keeping my head right by showing me clearly the trend on the larger timeframes and keeping me out of the market until I see conditions that meet my entry criteria. Backtesting seems to show good results on the 1hr (default settings)
- Oversold conditions ( Stoch RSI and RSI ) are shown with a black candle
- Black candle = Potential long WITH the trend
- Black candle and small green circle below = Potential long AGAINST the trend (used better as a warning to watch trade in case exit required.)
- Overbought Conditions ( Stoch RSI and RSI ) are shown with a yellow candle
- Yellow candle = Potential short WITH the trend
- Yellow candle with small red circle above = Potential short AGAINST the trend (used better as a warning to watch trade in case exit required.)
Best used to confirm your TA and provide additional confirmation on market conditions. (not as a standalone buy sell indicator)
I've found it useful for keeping my head right by showing me clearly the trend on the larger timeframes and keeping me out of the market until I see conditions that meet my entry criteria. Backtesting seems to show good results on the 1hr (default settings)
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.