PROTECTED SOURCE SCRIPT
Double CCI & RSI Alert
Hi, I am lonelygrass. It is suggested to use this indicator with my another script, Double CCI & RSI Trigger,https://www.tradingview.com/script/Pf1acmW2-Double-CCI-RSI-Trigger/. This EA consists of a CCI of 34 periods and RSI of 14 periods.
The alert is created in hopes of distinguishing super short term trend and helping scalping.
In general, triangleup (bullish) and triangledown (bearish) are shown near each bars.
A qualifying bullish bar should (1) have a CCI value equaling 0 or more and (2) have a RSI value equaling 55 or more
Instead, a bearish bar should (1) have a CCI value below 0 and (2) have a RSI value below 45
If you put two systems together, you will get an idea of when to initiate your trade and how to hold onto your trade until a counter signal comes off the graph.
The alert is created in hopes of distinguishing super short term trend and helping scalping.
In general, triangleup (bullish) and triangledown (bearish) are shown near each bars.
A qualifying bullish bar should (1) have a CCI value equaling 0 or more and (2) have a RSI value equaling 55 or more
Instead, a bearish bar should (1) have a CCI value below 0 and (2) have a RSI value below 45
If you put two systems together, you will get an idea of when to initiate your trade and how to hold onto your trade until a counter signal comes off the graph.
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