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- //@version=2
- //Created by Robert Nance on 5/28/16. Additional credit to vdubus.
- //This was a special request from rich15stan. It combines my original RSI Stoch extremes with vdubus’ MACD VXI.
- //This script will give you red or green columns as an indication for oversold/overbought,
- //based upon the rsi and stochastic both being at certain levels. The default oversold is at 35.
- //If Stochastic and RSI fall below 35, you will get a green column. Play with your levels to see how
- //your stock reacts. It now adds the MACD crossover, plotted as a blue circle.
- study(title="Rob RSI StochMACD Combo Alert", shorttitle="Rob RSI StochMACD")
- src = input(close), len = input(14, minval=1, title="RSI Length")
- up = rma(max(change(src), 0), len)
- down = rma(-min(change(src), 0), len)
- rsi = down == 0 ? 100 : up == 0 ? 0 : 100 - (100 / (1 + up / down))
- length = input(14, minval=1, title="Stoch Length"), smoothK = input(1, minval=1, title="Stoch K")
- k = sma(stoch(src, high, low, length), smoothK)
- rsilow = input(35, title="rsi Low value")
- rsihigh = input(65, title="rsi High value")
- stochlow = input(35, title="stochastic Low value")
- stochhigh = input(65, title="stochastic High value")
- Buy=rsi<rsilow and k<stochlow
- Sell=rsi>rsihigh and k>stochhigh
- fastLength = input(13, minval=1,title="MACD Fast Length")
- slowLength = input(21,minval=1,title="MACD Slow Length")
- signalLength = input(8,minval=1,title="MACD Signal Length")
- fastMA = ema(src, fastLength)
- slowMA = ema(src, slowLength)
- macd = fastMA - slowMA
- signal = sma(macd, signalLength)
- plot(Buy, title= "Buy", style=columns, color=lime)
- plot(Sell, title= "Sell", style=columns, color=red)
- plot(cross(signal, macd) ? signal*0+.5 : na, color=blue, style = circles, linewidth = 4)
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