OPEN-SOURCE SCRIPT
Stoch.RSI+RSI+DoubleStrategy+CMWilliamsVixFix+MFI
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//// STOCHASTIC_RSI+RSI+DOUBLE_STRATEGY+CM_WILLIAMS_VIX_FIX+MFI ////////
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// This is a simple combination of integrated and published scripts, useful
// if you don't have a PRO account and want to bypass the 3 indicators limit.
// It's quite similar to my previously published script. The only exception is
// Money Flow Index that now replaces Directional Movement Index. RSI,
// Stoch.RSI and MFI combination is a good way to identify oversold and
// overbought conditions and possible trend reversals, and to avoid false
// signals often provided by each of these 3 indicators, individually considered.
// CM_Williams_Vix_Fix provides further informations useful as a supplement
// to RSI-Stoch.RSI-MFI analysis, especially to find market bottoms.
// This script includes:
// 1) Stoch.RSI
// 2) Relative strenght index (RSI)
// 3) Stochastic + RSI, Double Strategy (by ChartArt)
// 4) CM_Williams_Vix_Fix Finds Market Bottoms (by ChrisMoody)
// 5) Monetary Flow Index (MFI)
// For more details about 3) and 4) check the original scripts.
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.
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