OPEN-SOURCE SCRIPT
RSI MA Signals on Chart
RSI MA Signals
This indicator is a momentum analysis tool that displays buy and sell signals on the main price chart based on crossovers between the RSI and its moving average.
Both the RSI period and the RSI moving average period are set to 14 by default.
Features
■ RSI and RSI Moving Average Crossovers
A buy signal is generated when the RSI crosses above its moving average.
A sell signal is generated when the RSI crosses below its moving average.
■ Signals Displayed on the Main Chart
Trading signals are displayed directly on the price chart.
* Buy signals are shown below the candles.
* Sell signals are shown above the candles.
This allows traders to identify potential entry and exit points while viewing price action.
■ Confirmed Candle Signals
Signals are generated only after the candle has closed.
As a result, confirmed historical signals do not change after they are displayed.
Notes
This indicator generates trading signals based on crossovers between the RSI and its moving average using confirmed candles.
Because signals are evaluated only after candle close, previously confirmed signals are not modified afterward.
For improved analysis, consider using this indicator alongside other methods such as trend analysis, support and resistance levels, and volume analysis.
This indicator is a momentum analysis tool that displays buy and sell signals on the main price chart based on crossovers between the RSI and its moving average.
Both the RSI period and the RSI moving average period are set to 14 by default.
Features
■ RSI and RSI Moving Average Crossovers
A buy signal is generated when the RSI crosses above its moving average.
A sell signal is generated when the RSI crosses below its moving average.
■ Signals Displayed on the Main Chart
Trading signals are displayed directly on the price chart.
* Buy signals are shown below the candles.
* Sell signals are shown above the candles.
This allows traders to identify potential entry and exit points while viewing price action.
■ Confirmed Candle Signals
Signals are generated only after the candle has closed.
As a result, confirmed historical signals do not change after they are displayed.
Notes
This indicator generates trading signals based on crossovers between the RSI and its moving average using confirmed candles.
Because signals are evaluated only after candle close, previously confirmed signals are not modified afterward.
For improved analysis, consider using this indicator alongside other methods such as trend analysis, support and resistance levels, and volume analysis.
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.
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.