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RSI Buy Sell Signals+ with MFI Cloud [RanaAlgo]

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Indicator Overview
This indicator combines RSI (Relative Strength Index) with MFI (Money Flow Index) to generate trading signals with additional confirmation filters. The key features include:

RSI Analysis (14-period) with overbought/oversold levels

MFI Cloud (20-period default) showing trend direction via EMAs

Enhanced Signal Generation with volume and trend confirmation options

Visual Elements including colored zones, signal labels, and an information panel

How to Use This Indicator
Basic Interpretation:
Buy Signals (green labels) appear when:

RSI crosses above oversold level (30) OR

RSI shows a rising pattern from oversold zone with volume/trend confirmation (if enabled)

Sell Signals (red labels) appear when:

RSI crosses below overbought level (70) OR

RSI shows a falling pattern from overbought zone with volume/trend confirmation (if enabled)

MFI Cloud provides trend confirmation:

Green cloud = bullish trend (fast EMA > slow EMA)

Red cloud = bearish trend (fast EMA < slow EMA)

Recommended Usage:
For Conservative Trading:

Enable both volume and trend confirmation

Require MFI cloud to align with signal direction

Wait for RSI to clearly exit overbought/oversold zones

For Active Trading:

Combine with price action at key support/resistance levels

Watch for divergence between price and RSI

The Information Panel (top-right) shows:

Current RSI value and status

MFI trend direction

Last generated signal

Current momentum

Customization Options:
Adjust RSI/MFI lengths for sensitivity

Modify overbought/oversold levels

Toggle volume/trend confirmation requirements

Adjust visual elements like cloud opacity and zone visibility

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.