OPEN-SOURCE SCRIPT
更新済 RSI Donchian R1 Alerts by JustUncleL
This study is based on an idea by presented by RicardoSantos and JayRogers of using Donchian Channel (DC) on the RSI curve. The idea being that when RSI passes through the DC centre and touches the Highest/Lowest DC then price action tends to follow in the same direction and stay there until the RSI crosses DC centre line again.
This script expands on the original idea by including alert and exit signals based on the above rules. These alerts are also filtered by the rule: they must be within the Oversold and Overbought boundaries of the RSI.
There is also the option of applying MA smoothing to the RSI curve, the HullMA (8) is recommended (default).
Each Entry and Exit signal creates an Alertcondition that can be picked up by the TradingView Alarm system.
TIP: Remember this type of Trading technique only works well in a trending market. Do not try to trade this technique in a ranging/flat market.
This script expands on the original idea by including alert and exit signals based on the above rules. These alerts are also filtered by the rule: they must be within the Oversold and Overbought boundaries of the RSI.
There is also the option of applying MA smoothing to the RSI curve, the HullMA (8) is recommended (default).
Each Entry and Exit signal creates an Alertcondition that can be picked up by the TradingView Alarm system.
TIP: Remember this type of Trading technique only works well in a trending market. Do not try to trade this technique in a ranging/flat market.
リリースノート
... Some colouring updates.- Added Bar Colouring Option.
- Modified background to colour trade area until exit condition.
オープンソーススクリプト
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.
JustUncleL
免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。
オープンソーススクリプト
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.
JustUncleL
免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。