Get started
Sofien-Kaabar

K`s Extreme Duration

Sofien-Kaabar  
forecasting Oscillators Centered Oscillators Relative Strength Index (RSI) reversal indicators moving_average markets extreme
323
6
forecasting oscillator centeredoscillator relativestrengthindex reversal indicators moving_average markets extreme
Extreme duration uses a special combination of the RSI and its relative position to deliver a reversal signal.

The following are the conditions to generate signals:

* Bullish signal: The current 8-period RSI is below 50 and above 35 while the previous 5 RSI's are below 35.
* Bearish signal: The current 8-period RSI is above 50 and below 65 while the previous 5 RSI's are above 65.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?