Hi would osmeone please help me make this indicator.
The set up is as follows:
RSI set to 9
Add moving average to RSI (select set to RSI) set to 6
Then go back into moving average settings and set to close.
The signal is as follows:
When the moving avergage crosses above the RSI this is SELL.
When the moving average crosses under the RSI this is BUY.
I have added an image as an example to show you the cross of the moving average with the RSI.
I would like an arrow, push alert, email alert etc indicator that works off of this please if possible.
It should repaint/disappear when price closes back past the arrow and possibly a signal to close buy/sell if trend is changing. I have some other indicators to send to the developer that picks this up that seem to work already off of this RSI MA cross as they signal at this point.
I wonder if the indicator can somehow work with a volume MACD also. I have some good ones if needed.
The RSI is most useful when oversold/overbought in a divergence situation. is there anyway we can integrate the divergence into the signal. So for example. As we know, the RSI divergence gives a strong reversal signal especially at a significant price level. Could we make the indicator recognise this as it leaves the 60-70/30-40 RSI zone but it is lower/higher on the chart.
I hope iv made sense.
Thanks in advance.