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SMA200 & RSI [Tarun]

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The SMA200 & RSI Signal Indicator is a powerful tool designed for traders who want to identify potential entry zones based on a combination of price action and momentum. This indicator combines two essential trading components:
  • SMA200 (Simple Moving Average): A widely used trend-following tool that highlights the overall direction of the market.
  • RSI (Relative Strength Index): A momentum oscillator that measures the speed and change of price movements.


How It Works:
  • Price Above SMA200: Indicates bullish market conditions.
  • RSI Between 40 and 20: Suggests that the asset is in a potential oversold or pullback zone within a bullish trend.


When both conditions are met, the indicator triggers:
  • Background Highlight: The chart background turns green to indicate a potential signal zone.


Disclaimer:
This indicator is not a standalone trading strategy. Use it in conjunction with other analysis methods such as support and resistance, candlestick patterns, or volume analysis. Always practice proper risk management.

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