~RMCF~ RSI and MACD Reversal Signal — Indicator by reaganmcf

relativestrengthindex macd trendanalysis rmcf akibadeep converge diverge sell buy

For AkibaDeep. Checks if RSI < 30 recently and if MACD diverges, placing a buy signal. Then, places a sell signal when MACD converges back.

Release Notes:

Updates!

@sernhofer contacted me about wanting the ability to use alerts with this indicator, so I have created advanced options to allows this!

1) Turn on Plot Buy Signal for Alarm Setups and PLot Sell Signal for Alarm Setups in the Indicator Settingshttps://i.gyazo.com/6c2e3534cf99697c6ffa467e89679130.png
2) Create Alarm for when Buy Signal crosses from 0 to 1 https://i.gyazo.com/6a4cb91d582e943cede93b879a58762a.png
3) Create Alarm for when Sell Signal crosses from 0 to 1 https://i.gyazo.com/d65feacf6ac4b5fe11fce5d0022f520a.png

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

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