Using ROC(Volume) along with RSI

8 thg 7, 2016

The idea is to make a trade when:

(1) RSI exceeds the 30-70 band

and (2) there is a spike in volume shown by ROC for volume

The spike in volume suggests that market is reacting to the event (i.e RSI showing overbought/oversold)

The dark blue line is 5X the average volume of the last 500 days.

Use Volume profile bars to choose Take profit and Stop loss.

Can someone create a script which creates an alert when Conditions (1) and (2) are met.

That is (1) RSI exceeds the 30-70 band

and (2) there is a spike in volume shown by ROC for volume

Maybe create a new indicator which is function of ROC and RSI.

I do not have much knowledge of programming, so any help will be appreciated, I can also pay for your help.

Thank you