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(EFS) Indicator Summary PRO

1. March 2010
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eSignal Study: This script was originally developed for use on daily charts, but it will work on any time frame.  This script gives a quick bias summary of the CCI, RSI, Directional Movement, and Stochastic.  Red for bearish and green for bullish.  If background is red and the text is green, then it means it is bearish but turning bullish.  Similarly, if the background is green and the text is red, then it means it is bullish, but turning bearish.

All studies use default parameters. 

Commodity Channel Index (CCI) - Looks at curent direction (moving up or moving down) and if it is overbought (>100) or oversold (<100).

Relative Strength Index (RSI) - Looks at current direction (moving up or moving down) and if it is overbought (>60) or oversold (<40).

Directional Movement (DM) - Looks at PDI and NDI, which is on top, and whether they are converging or diverging.

Stochastic (STO) - Looks at the K and D, which is on top, and whether K is overbought (>80) or oversold (<20). 

IMPORTANT: This script requires the neoLibrary.efsLib.  You can download it here (free).

 


  
 

Study, Bias, Pro