WSTF RSI2 Indicator

This is the Indicator replicating the basic RSI(2) created by Wilders.

Buy condition:
(RSI(2) crossed under 10) & (close > EMA(200)) & (EMA(5) > close)

Sell condition:
(RSI(2) crossed over 90) & (close < EMA(200)) & (EMA(5) < close)

You can play around with the script by adjusting the RSI Values, EMA values and crossover & crossunder threshold.

We will update the script with new features in the futures.
Please don't hesitate to share some Ideas or Feedbacks, we would be happy to improve the script for you !

Have fun !
WS TradingFactory

הערות שחרור:

Update: EMA Plotted on the chart