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

29 Kas 2023

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.

29 Kas 2023

Sürüm Notları

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.

1 Mar 2024

Sürüm Notları

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

1 Mar 2024

Sürüm Notları

uses last candle close values instead of live values