OPEN-SOURCE SCRIPT
RSI + Support/Resistance Zones + EMA
This indicator enhances the RSI with support and resistance zones and an EMA.
RSI: a regular RSI (default: orange / 14 period)
EMA: an EMA on the RSI (default: light gray / 10 period)
RSI support/resistance zones
SR-Zones for bull markets: In a bull market the price tends to find resistance between 80 and 90 and support between 40 and 50 RSI.
SR-Zones for bear markets: In a bear market the price tends to find resistance between 55 and 65 and support between 20 and 30 RSI.
The concept of these support and resistance zones has been popularized by Constance Brown in her book Technical Analysis for the Trading Professional. The SR zones are described in the first chapter which is available in the preview section on Amazon.
RSI-EMA
The EMA on the RSI can also be used as support and resistance. For example, you can be use it for a simple strategy such as the following: In an uptrend after a significant correction during which the RSI has been below the EMA for some time, wait for the RSI to cross above the EMA to go long and exit (partially) after the RSI crossed down the EMA.
Hint: All visual elements (RSI, EMA, support zones) can be enabled/disabled and adjusted individually.
RSI: a regular RSI (default: orange / 14 period)
EMA: an EMA on the RSI (default: light gray / 10 period)
RSI support/resistance zones
SR-Zones for bull markets: In a bull market the price tends to find resistance between 80 and 90 and support between 40 and 50 RSI.
SR-Zones for bear markets: In a bear market the price tends to find resistance between 55 and 65 and support between 20 and 30 RSI.
The concept of these support and resistance zones has been popularized by Constance Brown in her book Technical Analysis for the Trading Professional. The SR zones are described in the first chapter which is available in the preview section on Amazon.
RSI-EMA
The EMA on the RSI can also be used as support and resistance. For example, you can be use it for a simple strategy such as the following: In an uptrend after a significant correction during which the RSI has been below the EMA for some time, wait for the RSI to cross above the EMA to go long and exit (partially) after the RSI crossed down the EMA.
Hint: All visual elements (RSI, EMA, support zones) can be enabled/disabled and adjusted individually.
สคริปต์โอเพนซอร์ซ
ด้วยเจตนารมณ์หลักของ TradingView ผู้เขียนสคริปต์นี้ได้เผยแพร่เป็นโอเพนซอร์ส เพื่อให้เทรดเดอร์สามารถเข้าใจและตรวจสอบได้ ต้องขอบคุณผู้เขียน! ที่ให้คุณใช้ได้ฟรี แต่การนำโค้ดนี้ไปใช้ในการเผยแพร่ซ้ำจะต้องอยู่ภายใต้ กฎระเบียบการใช้งาน คุณสามารถตั้งเป็นรายการโปรดเพื่อใช้บนชาร์ตได้
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน