OPEN-SOURCE SCRIPT
Updated [MAD MBS] L1 L2 RSI
This is a classical RSI Indicator, but it has 2 more functions added to be able to work together with my
[MAD MBS] System (Modular Backtest System)
Functions:
Sourcemode
send a Triggersignal on breakout of Triggerline on a selected channel
Filtermode
It just creates a Signal as long the RSI is over under a triggerline and modulates it at a selected channel
Options are to modulate the RSI signal like Pow for bringing in a Logarithmic Factor, SMA, EMA.
For this the "Trigger on average" has to be activated
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Inputsignal (16 Bit Multibit)
activate Input to forwart this through the indicator. it adds the following signaltypes to it
[MAD MBS] System (Modular Backtest System)
Functions:
Sourcemode
send a Triggersignal on breakout of Triggerline on a selected channel
Filtermode
It just creates a Signal as long the RSI is over under a triggerline and modulates it at a selected channel
Options are to modulate the RSI signal like Pow for bringing in a Logarithmic Factor, SMA, EMA.
For this the "Trigger on average" has to be activated
---------------
Inputsignal (16 Bit Multibit)
activate Input to forwart this through the indicator. it adds the following signaltypes to it
Release Notes
update libary, cleaningOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
djmad|Bitblockart
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
djmad|Bitblockart
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.