RSI + BB (EMA) + Dispersion

RSI + BB (EMA) + Dispersion

Just another RSI with 2 bollinger bands. Coded following a request in the indicator forum section.

Initial data:

1) RSI
2) Bollinger Bands (Basis – EMA )
3) Dispersion (around basis)

Signal for purchase: RSI crosses the dispersion zone upwards
Signal for sale: RSI crosses the dispersion zone downwards
Buffer zone: white area, it is not recommended to make transactions.

— Add (02.10.2018)

1) RSI lines (overbought / oversold) = 70 / 30. Сan be changed in the settings.
2) Alerts:
• RSI line crossover Dispersion Zone (green)
• RSI line crossunder Dispersion Zone (red)

 

 

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Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

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  1. Khaled • 150 days ago #

    Thank you Nicolas! Looks like TDI (Trader Dynamic Index). Interesting to give Exit Signal as well. Is “colorbetween” a new instruction on PRT?

    • Nicolas • 150 days ago #

      ColorBetween is an instruction added last year: https://www.prorealcode.com/documentation/colorbetween/

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