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barrettdenning
18 feb 2022 20:29

Double RSI/LSMA  

Apple Inc.NASDAQ

Beskrivning

Double RSI uses a Slow RSI combined with a Fast RSI to generate Buy and Sell signals. Least Squares Moving Average is only here for filtering signals. It is very good on certain stocks or ETFs on longer timeframes for swing trading. If you get a Buy signal look at the LSMA trend and if the candle is above the LSMA. It works great for me on lower timeframes scalping futures and on higher timeframes swinging options. It is better than paying for Buy and Sell signals. Its my first script/indicator so play with it and see what you think. Let me know if you guys find anything that makes it better. Hopefully this helps some traders out there.

Versionsinformation

Added the ability to change the Overbought and Oversold values.
Kommentarer
Heg10
Muito bom, prefiro a configuração 3, 7
barrettdenning
@Heg10, Thanks for Sharing
potentialbuyer
is it repainted?
barrettdenning
@potentialbuyer, No it does not repaint.
Boommarket
great indicator....!
UnknownUnicorn16956440
nice idea actually but i wonder if someone tried it with strategy and backtest?
barrettdenning
@BakuninSM, There is a strategy version now to backtest.
Heg10
@barrettdenning, Muito Obrigado !
UnknownUnicorn16956440
@barrettdenning, can you please share the results with us, i am really interesting with this
barrettdenning
@BakuninSM, I just posted it. You can look up the strategy its called Double RSI/LSMA Strategy.
Mer