MACD RSI Buy/Sell Signal Indicator

This simple indicator that uses the MACD 12 26 and the RSI 14 to track the event that the MACD histogram switches from rising to falling or vice versa and checks if RSI is trending up- or downwards at the same time. If MACD histogram changes from rising to falling and RSI is trending down we get a sell signal and the back ground changes from green to red. If MACD histogram changes from falling to rising and RSI is trending upwards we get a buy signal and the background turns green.

You can set the TradingView alarm for buy or sell signal to be informed whenever the indicator thinks that the tides are changing.

This indicator is customized to work best with 30min. timeframes but it is usable for smaller and higher timeframes either. You should check by yourself as you can always check how the indicator performed in the past as it is showing its hints in the past as well.

You should close a long as soon as a sell signal is printed or close a short as soon as a buy signal is printed to have some kind of stoploss like trading and minimize your losses.

Please trade with care and low leverages as the majority of people is losing money with trading.

As every indicator this indicator is not right all the time. You should take it as a base for deciding when to sit down at your computer or with your phone to open a trade but you should take other indicators and the chart itself into consideration and combine for example with checking SMAs, money flow, volumes, candle bodies, ect. to get more confluence if you should open the trade or not.

Will amend the indicator in case I made some improvements on it.

Wish you never ending profits and easier decisions.