VRSI-MARSI Strategy

I wanted to create an indicator which resembles price movement, aside to volume movement.
The "yellow-blue" line is the MA(5) of the RSI (9) of closing price.
The "orange" line is the MA(5) of the RSI (9) of Volume .

(Default plot of RSI and VRSI is not visible but can be made visible ("Settings" > "Style" > set "Opacity" of "RSI & VRSI"))

The Long (Buy) condition is triggered when the MA(5) of the RSI (9, close) goes up.
The Short (Sell) condition is triggered when the MA(5) of the RSI (9, close) goes down.

Comparing the price movement with the "orange" Volume line helps to spot a possible trend change,
for example when price goes up and an ascending Volume line starts to flatten or starts descending,
this could be a sign that the Bullish trend is weakening, predicting a possible trend change.
Or, when for example a downwards price movement is accompanied with a rising Volume line, this can be a sign of large Bearish power.

Because it still is a RSI indicator, the midline (50), and Oversold/Overbought area's (20-30 & 70-80) are important to watch, especially the MARSI!

A second strategy is made (VRSI-MARSI Strategy 2) where the Long/Short condition is triggered when "MA RSI (close) - MA RSI ( Volume )" crosses.

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The Long & Short entries, as well as the Entry Close are visible 1 bar after the trigger.

When the blue line changes in a yellow line (and vice versa) it will show a candle earlier (see yellow dashed lines = (1)).
Also, the condition is fulfilled when the candle closes (2), but the order doesn't take place in the same bar, but the next (3).
Because this is a strategy the "actual Order" will not take place at the "Close" of the candle (2), but at the "Open" at the NEXT candle (3).

I also have this strategy as a study (A+B), where the "Buy" & "Sell" shows a candle earlier.

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The entries are default 5% of equity, without pyramiding, which already gives large profits.

A large part of the profit is because of the Entry Close of the Long & Short entries.
You can easily turn these off (Settings > Inputs) to see what profit the strategy gives without Entry Close.

Here they are disabled:

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More information available in the script ;-)