ModestPips RSI + Apirine Slow RSI

25 thg 4, 2021

This script is composed of 4 elements:

• EMA Cross Indicator
  
• Money Flow Indicator Oversold/Overbought
  
• RSI with divergence indicator
  
• Apirine Slow RSI
  

EMA Cross:
The EMA Cross provides a rough idea of trend direction. The 50 horizontal line will flash green/red depending on the current EMA crossover status.
The EMA values can be changed depending on your preference.
This indicator is not used for entries. It only provides confluence for entries.

Money Flow Indicator:
The money flow indicator will flash green/red in the background when it is oversold/overbought. It could be referred as an early signal before a potential big move.
Not used for entries, just as a warning to get ready for a potential big move.

RSI Indicator:
Typical RSI that shows indicates when divergences are detected

Apirine Slow RSI:
Generates OB/OS signals & midline crossover signals and divergence
Configured with high smoothing to show trends in the markets (This value can be adjusted). When maxed out in either direction, can help to identify strong trends in the market.

Thanks to LazyBear for providing the code for the slow RSI.