PSMC - Splitting Alerts calculates a 7-period RSI to identify overbought and oversold conditions, alongside candlestick confirmations when price closes against the extreme. Signals are plotted directly on the main chart with colored shapes and arrows. The settings menu allows traders to selectively enable alerts for each condition. Both dynamic alert calls with live price and indicator values and standard alertcondition definitions are supported. The RSI length and threshold levels are hardcoded.
7-period RSI extreme level detection
Bullish and bearish candle confirmation signals
Independent alert toggles in script settings
Dynamic alert function calls with formatted string values
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
RSI OB Alert?
bool
false
rsiOB_Alert
RSI OS Alert?
bool
false
rsiOS_Alert
RSI OB Bear Alert?
bool
false
rsiOB_Bear_Alert
RSI OS Bull Alert?
bool
false
rsiOS_Bull_Alert
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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