OPEN-SOURCE SCRIPT
Updated Anas RSI_MACD
Anas RSI_MACD is a powerful combination of a 4-period RSI and standard MACD merged seamlessly into a single window. By lock-syncing the MACD's zero baseline exactly at the RSI 50 level, it provides a unified look at momentum and overbought/oversold states without cluttering your charts.
My Scalping Strategy (5m Timeframe) - share opinion only and you need to do backtest :
BUY Setup: Only trade when the MACD Histogram is positive (Green). Entry when RSI touches 30. Re-entry at RSI 20, and re-entry at RSI 10.
SELL Setup: Only trade when the MACD Histogram is negative (Red). Entry when RSI touches 70. Re-entry at RSI 80, and re-entry at RSI 90.
If you discover a setup that yields better profits, please leave your feedback in the comments! Share your strategy so we can maximize our gains together. Enjoy trading!
My Scalping Strategy (5m Timeframe) - share opinion only and you need to do backtest :
BUY Setup: Only trade when the MACD Histogram is positive (Green). Entry when RSI touches 30. Re-entry at RSI 20, and re-entry at RSI 10.
SELL Setup: Only trade when the MACD Histogram is negative (Red). Entry when RSI touches 70. Re-entry at RSI 80, and re-entry at RSI 90.
If you discover a setup that yields better profits, please leave your feedback in the comments! Share your strategy so we can maximize our gains together. Enjoy trading!
Release Notes
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In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.