OPEN-SOURCE SCRIPT
Smart RSI & Volume Surge
How to Use Signals
🔵 Buy Signal (Blue): When RSI is below 12 and volume surges significantly at the same time.
🔴 Sell Signal (Red): When RSI is above 85, but volume decreases.
🟡 Trend Continuation Alert (Yellow): When RSI is above 85 and volume remains high.
Entry and Exit Strategy
✅ Entering a Buy Trade:
Enter a long position (Buy) when a buy signal (blue) appears.
Set the Stop Loss at 1.5 times the ATR below the entry price.
❌ Exiting a Trade:
Close the position when a sell signal (red) appears.
If a yellow alert appears, you can confirm the trend continuation or adjust the Stop Loss.
Customization Settings
Adjust the RSI Overbought/Oversold level to fine-tune signal sensitivity.
Modify the Volume Surge Multiplier to set the sensitivity to volume increase.
🔵 Buy Signal (Blue): When RSI is below 12 and volume surges significantly at the same time.
🔴 Sell Signal (Red): When RSI is above 85, but volume decreases.
🟡 Trend Continuation Alert (Yellow): When RSI is above 85 and volume remains high.
Entry and Exit Strategy
✅ Entering a Buy Trade:
Enter a long position (Buy) when a buy signal (blue) appears.
Set the Stop Loss at 1.5 times the ATR below the entry price.
❌ Exiting a Trade:
Close the position when a sell signal (red) appears.
If a yellow alert appears, you can confirm the trend continuation or adjust the Stop Loss.
Customization Settings
Adjust the RSI Overbought/Oversold level to fine-tune signal sensitivity.
Modify the Volume Surge Multiplier to set the sensitivity to volume increase.
Skrip open-source
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