OPEN-SOURCE SCRIPT
RSI MACD
Different Perspective: By using the RSI as the source for MACD calculation, you are incorporating the RSI's characteristics into the MACD indicator. The RSI measures the speed and change of price movements, while the MACD focuses on the convergence and divergence of moving averages. Combining these two indicators may provide a different perspective on market conditions.
Smoothed MACD: Since the RSI is being used as the source for the MACD calculation, the resulting MACD line (macd1 in the code) may exhibit smoother movements compared to a traditional MACD calculated directly from price data. This smoothing effect could potentially help filter out noise and provide a clearer representation of trend changes.
RSI Confirmation: The RSI is often used to identify overbought and oversold conditions. By incorporating the RSI into the MACD calculation, you can potentially gain additional confirmation when the MACD line crosses above or below zero. For example, if the MACD line crosses above zero and the RSI is in an oversold region, it could provide stronger confirmation for a bullish signal.
Example:
Smoothed MACD: Since the RSI is being used as the source for the MACD calculation, the resulting MACD line (macd1 in the code) may exhibit smoother movements compared to a traditional MACD calculated directly from price data. This smoothing effect could potentially help filter out noise and provide a clearer representation of trend changes.
RSI Confirmation: The RSI is often used to identify overbought and oversold conditions. By incorporating the RSI into the MACD calculation, you can potentially gain additional confirmation when the MACD line crosses above or below zero. For example, if the MACD line crosses above zero and the RSI is in an oversold region, it could provide stronger confirmation for a bullish signal.
Example:
Script open-source
In pieno spirito TradingView, l'autore di questo script lo ha pubblicato open-source, in modo che i trader possano comprenderlo e verificarlo. Un saluto all'autore! È possibile utilizzarlo gratuitamente, ma il riutilizzo di questo codice in una pubblicazione è regolato dal nostro Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.
Vuoi usare questo script sui tuoi grafici?
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.