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CapovexIntech

MARSI

CapovexIntech  
Relative Strength Index (RSI) Exponential Moving Average (EMA)
48
0
relativestrengthindex ema
An advanced version of MACD and RSI combined, where moving averages gives quality early signals along with the strength of Histogram. This Version of MACD helps traders to understand strength in the Histogram and possibilities of a reversal. Indicator also gives Early Indications of trend shift.

MACD input options Given to User
The Indicator draws MACD and MACD Histogram

Based on histogram Value RSI is Plotted and RSI Based EMA is Plotted as MARSI line and Signal Line

Calculations :
MACD Line: (12-day EMA - 26-day EMA)
Signal Line: 9-day EMA of MACD Line
MACD Histogram: MACD Line - Signal Line
MARSI Line : RSI Value of MACD Histogram
Signal Line : 9-day EMA of Marsi Line
Capovex InvTech Limited
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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