RSI of MAs is designed to calculate the moving average for a specific period, and then take the RSI of that value. This script allows the user to select which moving average they would like to utilize for the calculation, as well as customizing how the Signal Line is calculated. There are many combinations available and you will need to tune the indicator to fit your trading style. The Signal Line is designed to indicate when there is a potential change in price action. If the Signal Line is below RSIoMA, price is bullish. If the Signal Line is above RSIoMA, price is bearish.
MA Period is the length/period the moving average is calculated with RSI Period is the length/period the RSI is calculated with RSI MA Mode determines which moving average is applied to the MA period
Signal Line determines which moving average or QQE is used to calculate the signal line Signal Line Period is the length/period the Signal Line is calculated with
Hey this looks awesome. Can you tell me how to best program the alerts? Do I set it for "Crossing" and then it will alert me every time the trend color changes?
Sorry for the dumb question; I'm new to tradingview as a platform, so I'm still learning.
StephXAGs
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@raiinzen, I did not code in an alerts system. You can interpret the information however you like but it's set up to be utilized when you are actively trading.
OnChainArt
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Incredibly neat indicator, thank you.
CodyMaki
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you seriously are so brilliant you create some very great tools to help others i really wish you the very best in all your endeavors i love this tool and will be adapting this into my strategy thanks a million and again thank you for this truly appreciate it
cmartin81
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Thank you for this indicator. I've made a similar one where i used your MA code. Hope this is ok. I've listed this script in the caption
murfichan
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Good day Steph,
I really am glad to find your great script, I really like it and to be honest this has become my important script. I need help how to add time frame option in this, like: // Timeframe
res = input(title="Timeframe", type=input.resolution, defval=""), could you help me please?
murfichan
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hi Steph, I am so amazed with this indicator, is it possible to give cross signal when RSI line meet with Signal line? LIke this one: plot(cross(signal line,rsi)?rsi:na,linewidth=1,style=plot.style_cross,trackprice=true,color=crossover(signal line,rsi)?color.lime:color.red)
Sorry for the dumb question; I'm new to tradingview as a platform, so I'm still learning.