Combining EMA and MA over-extension with RSI to help narrow down overbought and oversold opportunities.
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This is a MA EMA RSI combo indicator to help narrow down when markets are really overbought or oversold. The SMA must deviate from the EMA by a certain percentage and the RSI must be greater than or less than a desired level before a candle is colored to indicate a buy(blue) or a sell(pink).
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Added to allow custom parameter inputs from the user
Hi @coinables ! On the BTCUSD daily chart this indicator keeps fireing almost all the time ;) Do you have a theory why that is or maybe a recommendation for working presets? Thank you for your work!