Buy the Dip & Sell the Rip

Identify overbought and oversold conditions easily

When RSI and RSI SMA simultaneously close over the overbought threshold and then fall we create a sell alert

When the RSI closes under the oversold threshold and then starts to rise, we create a buy alert

With minor adjustments to the preset thresholds, this script works great on indexes, crypto as well as stocks.







This script is edited easily, just use pine editor and add your confirmation logic for further adjustment.