PROTECTED SOURCE SCRIPT

RSI Swing with EMA and BB Short/Long Signals

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This script gives you the following feature;
1. Top & Lower Top , when it exceed specified RSI threshold (default is 70)
2. Bottom & Higher Bottom, when it exceed specified RSI threshold (default is 30)
3. LONG sign , which is bouncing UP at EMAs (7, 20, 50)
4. SHORT sign, which is bouncing DOWN at EMAs (7, 20, 50)

You can adjust the RSI parameters(threshold and evaluation period) by yourself.
If the "bounce UP/DOWN" signs show up frequently, it can be a sign for the upcoming breakout direction.
If the "bounce UP/DOWN" signs show up with "Higher Bottom or Lower Top", it can be a sign for the trend reversal, especially after the bounce for deep BB break.

If you want to purchase the source code, please contanct me via direct chat in Tradingview.

Penafian

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