This indicator is designed for scalping strategies on a 5-minute timeframe. It generates signals based on two RSI crossovers and incorporates moving averages to identify trends. Additionally, a Bollinger Band is included to eliminate the need for an additional Bollinger Band on the chart. Please note that this indicator does not guarantee 100% accurate signals...
Building onto the standard RSI indicator, with the following modification and improvements: - Added signals for RSI moving average crossovers, which usually indicator a bull or bear trend - Added option to use smoothed RSI line - Added alert for crossover signals Enjoy~~~!
I created this script with the following idea: To go LONG or SHORT when there is a trend in place. Steps taken to achieve such results were: 1) Go Long when the 15 EMA crosses above the 45 EMA and Go Short when the 15 EMA crosses below the 45 EMA Problem with EMACROSS is that they work great with a strong trend but not so good when the trend is...