OPEN-SOURCE SCRIPT
RSI Extended
Updated
This script is intended to print signals on the main price chart and send alerts when the RSI is overbought or oversold.
You can customize the source of the signal (open, close, etc), as well as oversold/overbought levels, and RSI length.
You can customize the source of the signal (open, close, etc), as well as oversold/overbought levels, and RSI length.
Release Notes
Added options to automatically back-test the accuracy of the RSI signals. A work in progress...Use the wait time and TP % to set-up your trade parameters, then fine tune your RSI settings until you get only the signals you want.
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.
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.