Easy RSI Trend - The trend is your friend till the end

2023년 11월 29일

This indicator detects the trend for you and keeps you out of choppy markets. It does not give you a signal, rather it tells you for what kind of signals to look for on the top right of the screen: "Only Longs" or "Only Shorts"

If there is no trend or if a trend is overextended (overbought, oversold) it tells you: "No trade allowed"

The indicator does this by scanning the 4h and daily RSI. Both are displayed in a small table in the bottom right of the screen. The upper cell is the 4h RSI and the other the daily RSI value.

AGAIN: This indicator does not give you a signal. It only tells you the direction in which you should trade. It should be used with an indicator or a strategy that gives you a clear signal.

2023년 11월 29일

릴리즈 노트

This indicator detects the trend for you and keeps you out of choppy markets. It does not give you a signal, rather it tells you for what kind of signals to look for on the top right of the screen: "Only Longs" or "Only Shorts"

If there is no trend or if a trend is overextended (overbought, oversold) it tells you: "No trade allowed"

The indicator does this by scanning the 4h and daily RSI. Both are displayed in a small table in the bottom right of the screen. The upper cell is the 4h RSI and the other the daily RSI value.

AGAIN: This indicator does not give you a signal. It only tells you the direction in which you should trade. It should be used with an indicator or a strategy that gives you a clear signal.

2024년 3월 1일

릴리즈 노트

minor bug fix, default settings where wrong so that the script wouldn't display table and direction bias text by default

2024년 3월 1일

릴리즈 노트

uses last candle close values instead of live values