Using ROC(Volume) along with RSI
The idea is to make a trade when:
(1) RSI exceeds the 30-70 band
and (2) there is a spike in volume shown by ROC for volume
The spike in volume suggests that market is reacting to the event (i.e RSI showing overbought/oversold)
The dark blue line is 5X the average volume of the last 500 days.
Use Volume profile bars to choose Take profit and Stop loss.
Can someone create a script which creates an alert when Conditions (1) and (2) are met.
That is (1) RSI exceeds the 30-70 band
and (2) there is a spike in volume shown by ROC for volume
Maybe create a new indicator which is function of ROC and RSI.
I do not have much knowledge of programming, so any help will be appreciated, I can also pay for your help.
Thank you
(1) RSI exceeds the 30-70 band
and (2) there is a spike in volume shown by ROC for volume
The spike in volume suggests that market is reacting to the event (i.e RSI showing overbought/oversold)
The dark blue line is 5X the average volume of the last 500 days.
Use Volume profile bars to choose Take profit and Stop loss.
Can someone create a script which creates an alert when Conditions (1) and (2) are met.
That is (1) RSI exceeds the 30-70 band
and (2) there is a spike in volume shown by ROC for volume
Maybe create a new indicator which is function of ROC and RSI.
I do not have much knowledge of programming, so any help will be appreciated, I can also pay for your help.
Thank you
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