This scripts is based on RSI , Stoch RSI and some other indicators. It provides a BUY and SELL label when loading the script and gives you also the possibility to set a BUY, SELL or BUY/SELL alert. This script has been designed to do some swing trading on daily candles. After some adjustments it also gives a good result on the 5 minute candles.
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some small update
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@Mister_Sparkle, Hi, this indicator is not made to trade on 1m candled. Sorry but I can't provide you the ideal settings.
Mister_Sparkle
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@seoco - I see. How about optimal settings for 5m or 15m time frames?
Mister_Sparkle
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@seoco, the description says there are tweaked settings for the five min. (5m) time frame. Please advise what settings you recommend for the 5m time frame?
what are the adjustments that you did for the 5 min chart ?