OPEN-SOURCE SCRIPT

RSI + BB (EMA) + Dispersion (2.0)

First version here

Initial data:

1) RSI
2) Bollinger Bands (Basis - EMA )
3) Dispersion (around basis)

Signal for purchase: RSI crosses the dispersion zone upwards
Signal for sale: RSI crosses the dispersion zone downwards
Buffer zone: white area, it is not recommended to make transactions.

--- Add (02.10.2018)

1) RSI lines (overbought / oversold) = 70 / 30. Сan be changed in the settings.
2) Alerts:
• RSI line crossover Dispersion Zone (green)
• RSI line crossunder Dispersion Zone (red)
Bollinger Bands (BB)bollingerbandstrategybollingersbandExponential Moving Average (EMA)exponentialmaRelative Strength Index (RSI)

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 publication is governed by House rules. You can favorite it to use it on a chart.

Want to use this script on a chart?


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