OPEN-SOURCE SCRIPT
Rajesh Raju nifty options SMA/RSI
This indicator is designed for Nifty Index Options trading on a 5-minute timeframe. It uses a combination of the Simple Moving Average (SMA) and Relative Strength Index (RSI) to identify potential buy and sell signals.
How It Works:
A BUY signal is triggered when the price crosses above the SMA and RSI is below the overbought level.
A SELL signal is generated when the price crosses below the SMA and RSI is above the oversold level.
The SMA line is displayed in pink (purple in Pine Script) to track trend direction.
Alerts are included to notify users of trade signals in real time.
This indicator helps traders make informed decisions by identifying trend reversals and momentum shifts
How It Works:
A BUY signal is triggered when the price crosses above the SMA and RSI is below the overbought level.
A SELL signal is generated when the price crosses below the SMA and RSI is above the oversold level.
The SMA line is displayed in pink (purple in Pine Script) to track trend direction.
Alerts are included to notify users of trade signals in real time.
This indicator helps traders make informed decisions by identifying trend reversals and momentum shifts
Script de código aberto
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Você pode favoritá-lo para usá-lo em um gráfico.
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