NicoJ Extreme Murrey Oscillator with RSI Candles

6. Juli 2018

This is a script combining Murrey Math with a standard RSI . Diamonds will form when the Murrey Oscillator hits extreme points (very much like a Stochastic Oscillator) and candles will change to yellow or blue when the RSI hits the set oversold or overbought levels.

This script is a nice addition to any trading strategy, but should not be used by itself. I built this with binary options in mind, and settings are tweaked for 1min charts, but this can be used on any time frame.

For beginners looking for trading strategies, you can follow me on youtube : youtube.com/channel/UCHtbJe_eM50_KUjZaaqt5yw

6. Juli 2018

Versionshinweise

Decided to add Bollinger Bands to the indicator.

6. Juli 2018

Versionshinweise

Just changed the Bollinger Bands color for better visibility at default.

9. Juli 2018

Versionshinweise

Added background highlights for when candles go outside the Bollinger Bands. Light green or red means 25% or more of the body is outside the Bollinger Bands, and dark green or red means the whole BODY is outside the Bollinger bands, ie , open and close - the wicks are NOT calculated

9. Aug. 2018

Versionshinweise

Updated with a few extras...

11. Aug. 2018

Versionshinweise

I have decided to pull this indicator, as I am receiving WAY too many mails of people expecting me to teach and train them. It will be published again over the weekend, but as a restricted indicator.