PROTECTED SOURCE SCRIPT
[blackcat] L3 RSIVWAP
Level: 3
Background
This ia a very interesting low timeframe (TF) RSIVWAP indicator.
Function
RSI VWAP combination usually bring good results under low TF. Here is my private version of RSIVWAP with strength color indications.
The RSI shows different signals on different time frames.For example, In 5 minutes there is a buy signal. In the daily chart it shows a sell signal. Now tell me which one is right? RSI or other indicators are pretty less effective and not 100% reliable when it comes to intraday trading. So, combo of both is my intention to improve the situation. BTW, divergence indicators are added also, though they are not so reliable udner some case. However, you can turn them off in settings.
Remarks
Feedbacks are appreciated.
Background
This ia a very interesting low timeframe (TF) RSIVWAP indicator.
Function
RSI VWAP combination usually bring good results under low TF. Here is my private version of RSIVWAP with strength color indications.
The RSI shows different signals on different time frames.For example, In 5 minutes there is a buy signal. In the daily chart it shows a sell signal. Now tell me which one is right? RSI or other indicators are pretty less effective and not 100% reliable when it comes to intraday trading. So, combo of both is my intention to improve the situation. BTW, divergence indicators are added also, though they are not so reliable udner some case. However, you can turn them off in settings.
Remarks
Feedbacks are appreciated.
Avoid losing contact！Don't miss out! The first and most important thing to do is to join my Discord chat now! Click here to start your adventure: discord.com/invite/ZTGpQJq 防止失联，请立即行动，加入本猫聊天群: discord.com/invite/ZTGpQJq
Script protetto
Questo script è pubblicato con codice protetto, ma puoi comunque usarlo gratuitamente. Mettendolo tra i preferiti potrai applicarlo al grafico, senza però la possibilità di visualizzare o modificare il codice sorgente.
Vuoi usare questo script sui tuoi grafici?
Avoid losing contact！Don't miss out! The first and most important thing to do is to join my Discord chat now! Click here to start your adventure: discord.com/invite/ZTGpQJq 防止失联，请立即行动，加入本猫聊天群: discord.com/invite/ZTGpQJq
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.