OPEN-SOURCE SCRIPT

Buy the Dip & Sell the Rip

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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.

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


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