Momentum-RSI-Signal
Signals when momentum and RSI are rising.
study(title="Momentum-RSI-Sig", shorttitle="MRSI") len = input(10, minval=1, title="Length") src = input(close, title="Source") mom = src - src[len] mom_prev = src[1] - src[11] src_rsi = input(close, title="Source"),len_rsi = input(14, minval=1, title="Length") up = rma(max(change(src_rsi), 0), len_rsi) down = rma(-min(change(src_rsi), 0), len_rsi) up_prev = rma(max(change(src_rsi[1]), 0), len_rsi) down_prev = rma(-min(change(src_rsi[1]), 0), len_rsi) rsi = down == 0 ? 100 : up == 0 ? 0 : 100 - (100 / (1 + up / down)) rsi_prev = down_prev == 0 ? 100 : up_prev == 0 ? 0 : 100 - (100 / (1 + up_prev / down_prev)) rsi_dir = rsi - rsi_prev mom_dir = mom - mom_prev signal_dir = (rsi_dir > 0 and rsi < 50 and mom_dir >= 3) ? 100 : 0 plot (signal_dir, color=purple)