PROTECTED SOURCE SCRIPT
RSI/StochRSI/EMA trend assist

- Trend determined by the crossover of the 4hr 13 and 26 EMA's (or whatever you set the Short and Mid term EMA to)
- Oversold conditions (Stoch RSI and RSI) are shown with a black candle
- Black candle and large green arrow below = 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 and large red arrow above = Potential shot 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 and large green arrow below = 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 and large red arrow above = Potential shot 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)
보호된 스크립트입니다
이 스크립트는 비공개 소스로 게시됩니다. 하지만 제한 없이 자유롭게 사용할 수 있습니다 — 여기에서 자세히 알아보기.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
보호된 스크립트입니다
이 스크립트는 비공개 소스로 게시됩니다. 하지만 제한 없이 자유롭게 사용할 수 있습니다 — 여기에서 자세히 알아보기.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.