DoubleRSI fast/slow signal buy/sell with alert Relative Strength
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A combination of two Relative strength index. One fast and one slow line. In a system, this indicator can serve as an additional confirmation.
For example, for a long entry: slow RSI cross above 50 level and fast RSI cross above 70 level. then check volume and use another indicator such as a MACD for extra confirmation
For example, for a short entry: slow RSI cross below 50 and fast RSI cross below 30 level. then check volume and use another indicator such as a MACD for confirmation
An alarm function has also been added.
the following settings are possible: - Source - Length - Color
I do not recommend to use this indicator alone.
have fun using this simple and helpful tool.
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This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.